The estimated escalation for the global fragile label market through 2034 will be a sluggish CAGR of 3%. It will ensure an inflated market size of US$ 7.2 billion from US$ 5.3 billion measured in 2024.
Technological evolution allows organizations to interact with customers through packaging solutions. This gives room for the development of the subject market. Fragile labels are encapsulated with the company information, enabling them to interact with customers. Hence, this is a primary driver.
The growth of the e-commerce sector is fueling the demand for packaging goods for safer transport. The quantum and frequency of these transports are rising, which surges the demand for fragile labels. Therefore, this is another market driver.
Get Your Sample Report – Drive Business Success! https://www.futuremarketinsights.com/reports/sample/rep-gb-19424
The packaging industry has grown recently, creating lucrative growth prospects for all its subsidiary markets. Consequently, the subject market is expected to advance along the progress path provided by the parent industry. The end user consumption of goods is increasing, with surging demand for luxury and premium products in the jewelry and cosmetics verticals. Due to this, many advancement chances can be foreseen for the subject market.
Key Takeaways from the Market Study
- The plastic material segment of the fragile label market will hold 63.4% of the marketplace in 2024 due to its wide usability.
- India is the fastest-growing market and provides lucrative growth chances for the subject market. It will advance at the highest CAGR of 6.7%.
- The Spanish market provides a large platform for the market in Europe and registers progress at a CAGR of 2.1%, the highest in the region.
- The barcode segment of the subject market is estimated to hold 61.2% of the market space in 2024.
“The possibility of fragile labels getting tampered with is high, resulting in a great threat of data theft or the misuse of the brand identity. Therefore, this is a key market challenge,” says Ismail Sutaria (Lead Consultant, Packaging and Materials at Future Market Insights, Inc.).
Competitive Landscape
- In June 2023, Avery Dennison Corporation partnered with Emerald Technology. This initiative fuels sustainable packaging solutions for the organization, meeting the demand of the forecasted period.
- In August 2023, Flexi Labels introduced a new feature to its website. This feature allowed customers to design their labels, favoring better customer engagement. Editable imagery and texts, library access, and colorful backgrounds are key software features.
Request Customization of Report: https://www.futuremarketinsights.com/customization-available/rep-gb-19424
More Valuable Insights Available
Future Market Insights offers an unbiased global fragile label market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.
Technology (RFIDs, Holographic, QR Code, and Barcodes), Material (Plastic, Paper, and Foil), and End Use (Food & Beverage, Personal Care & Cosmetics, Pharmaceuticals, Chemical, Home Care, Electronics, and Other Industrial) segment the subject market.
Fragile Label Market- Key Segments
By Technology:
- RFIDs
- Holographic
- QR Code
- Barcodes
By Material:
- Plastic
- Paper
- Foil
By End Use:
- Food & Beverage
- Personal Care & Cosmetics
- Pharmaceuticals
- Chemical
- Home Care
- Electronics
- Other Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
Comments
0 comment