Sustainability, personalization and digital printing, which dominated the list of top industrial labeling trends for the past few years, lost their significance as market players focused on supply chain issues.
Industrial labels might lack the glamour and design efforts that go into customer-focused, attention-grabbing primary labels. However, they are an essential ingredient in keeping the wheels of global industry turning. In most cases, industrial labels must be machine-readable and be adapted to industrial processes. Industrial labels are also a vital component of a track-and-trace system, ensuring traceability and combatting the counterfeiter.
The market was valued by Mordor Intelligence at USD 49.25 billion in 2020 and is forecast to reach USD 69.8 billion by 2026, growing at a CAGR of 6 percent between 2021 and 2026.
The global e-commerce sector continues to …