E-commerce boom fuels fragile label market growth due to demand for safer packaging. FMI's report dives deeper, analyzing background, supply/demand, future tech, challenges, opportunities, and provides investment and strategic decision-making tools.
NEWARK, Del., April 4, 2024 /PRNewswire/ -- 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.
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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.
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.
Report Scope
Attributes | Details | ||
Estimated Market Size in 2024 | US$ 5.3 billion | ||
Projected Market Valuation in 2034 | US$ 7.2 billion | ||
Value-based CAGR 2024 to 2034 | 3 % | ||
Forecast Period | 2024 to 2034 | ||
Historical Data Available for | 2019 to 2023 | ||
Market Analysis | Value in US$ billion | ||
Key Market Segments Covered | By Technology:
By Material:
By End Use:
By Region:
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Key Countries Profiled |
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Key Coverage of the Fragile Label Market Report |
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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.
Purchase now and gain full access to the Fragile Label Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
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.
About the Packaging Domain at Future Market Insights
Future Market Insights' packaging team offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has lucidly analyzed the industry in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
About the Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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