Security labels are pressure sensitive and heat-applied labels illustrating either the brand logo or some security information. These labels are three times stronger and durable than the conventional labels and disintegrate when attempted to remove it. Security labels leave a pattern when peeled off and hence, can protect against any theft, as it can be used as a security seal.
Some properties of security labels such as its premium quality, minimal weight, and recyclability are factors that attract the end-use industries such as food and beverages, pharmaceutical, and others. This results in increasing demand for security labels, thereby driving growth of the security labels market. Digital printing of security labels is an additional benefit for the global security labels market to attract the end-use industries and increase its market value during the forecast period.
However, the additional price of the product as compared to the conventional labels is a major factor that is affecting growth of the global security labels market. Additional cost involved with the premium quality of plastic used for manufacturing labels, ink used for printing, and special compatible software required for the digital printing are not preferred by all the manufacturers. Due to the increased cost of the security labels, most of the end users will not prefer this product, thereby hampering growth of the global security labels market during the forecast period.
Key players operating in the global security labels market include Honeywell International Inc., 3M, CCL Industries Inc., tesa SE, Security Labels International, and UPM Raflatac among others.
On the basis of product type, the global security labels market is segmented into:
On the basis of composition type, the global security labels market is segmented into:
On the basis of identification type, the global security labels market is segmented into:
On the basis of end-use industry, the global security labels market is segmented into:
On the basis of region, the global security labels market is segmented into:
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