[250 Pages Report] The retro-reflective labels market is projected to register a CAGR of 3.2% during the forecast period, up from US$ 621.4 million in 2021 to reach a valuation of US$ 881.4 million by 2032.
The retro-reflective labels market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfill the demand for retro-reflective labels making them more accessible to customers in the global retro-reflective labels market.
Labels are critical components of a packaged product's value chain. Sales of retro-reflective labels are increasing since businesses frequently use packaging and labeling for their products, making the label an integral part of the consumer contact. Retro-Reflective labels provide information on a variety of product qualities, such as the producer, the contents and ingredients, and the recommended use.
Apart from providing information about the goods, labels also serve as a kind of branding and marketing communication. The primary benefit of retro-reflective labels is long-range scanning, which is mostly utilised in warehouses for racking and stacking items at higher elevations.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 621.4 million |
| Expected Market Value (2022) | US$ 640.7 million |
| Anticipated Forecast Value (2032) | US$ 881.4 million |
| Projected Growth Rate (2022-2032) | 3.2 % CAGR |
Sales of retro-reflective labels are expected to rise significantly. In addition to this, sales of retro-reflective labels are rising on account of US$ 742.3 million by 2026. Increasing demand for retro-reflective labels is also projected to contribute to the growth of the retro-reflective labels market share.
Barcode labels with a long range may make tracking crates and shipping containers as simple as tracking products in a shop. Retro-reflective labels are created by embedding glass beads or tiny shards beneath the surface. These beads or shards reflect light back.
Sales of retro-reflective labels are increasing due to their several uses in a variety of end-use sectors, including food and beverage, healthcare and pharmaceuticals, electrical and electronics, shipping and logistics, and cosmetics and personal care.
Manufacturers in the retro-reflective labels market get a big platform from which to serve the whole demand for retro-reflective labels. The demand for retro-reflective labels is seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for retro-reflective labels more accessible to customers.
Avery Dennison Corporation, UPM Raflatac, PPG Industries, Inc., Brady Worldwide, Inc., 3M Company, Lintec Corporation, etc., are some of the leading participants in the retro-reflective labels market.
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The worldwide retroreflective labels market is segmented by producers that specialize in retail and industrial applications. Sales of retroreflective labels are subject to improvement due to technological compositions and sophisticated design principles that are included in the material selection and production process.
Retroreflective labels simplify identification, and reflective barcodes, with their long-range legibility, are ideal for expediting identification in industrial applications. For example, warehouses can utilize long-range labels to identify fourth-tier bins. By reading a retroreflective label on a bin from a distance of more than 30 feet, a forklift operator may instantly retrieve critical information about that bin — what it contains, where it has to be transported, and where it originated from.
Sales of retroreflective labels are also blooming as they provide several advantages, including economic effectiveness, reduced labour needs, and simplicity of inventory management. The worldwide sales of retroreflective labels rapid expansion are projected to fuel demand for retroreflective labels.
The ease and comfort of transporting bulk packaging solutions safely have fueled the rise in worldwide sales of retroreflective labels. Manufacturers of retroreflective labels are seeing significant business prospects growing demand for retroreflective labels from manufacturers and shipping & logistics end-users.
Barcodes have been in use for decades and have developed into a critical component of business in terms of utility. Only during the last decade have barcodes seen a boom in popularity. Improving sales of retroreflective labels is due to the technological surge in connection, where the majority of customers obtain information via electronic devices.
Due to their longevity, thermal transfer labels are increasingly being utilised to print barcodes. Additionally, brand owners and package manufacturers worldwide are looking for novel ways to meet the demand for retroreflective labels through technical developments in retroreflective labels production. These factors are projected to fuel the sales of retroreflective labels even more throughout the forecast period.
The greatest market for sales of retro-reflective labels is APAC. The area's rapid expansion in industries such as automotive and transportation, as well as building and infrastructure, has helped the region establish a leadership position in the global retro-reflective labels market.
According to significant producers such as 3M (US), ORAFOL (Germany), and Avery Dennison, the area is also a prospective in the retro-reflective labels market (US). The area has a significant demand for retro-reflective labels used in a variety of applications, including safety gear, road markings, signboards, and conspicuity markings.
Principal Consultant
Avery Dennison Corporation, UPM Raflatac, PPG Industries, Inc., Brady Worldwide, Inc., 3M Company, Lintec Corporation, etc. are some of the leading participants in the retro-reflective labels market.
ORAFOL purchased a graphic distributor with a substantial presence in Melbourne, Perth, and Adelaide in August 2017. (Australia). With such a broad presence, the acquired graphic distributor became the only provider of ORAFOL goods in Australia's retro-reflective and
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 3.2% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Product type, material type, application, end users, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | Avery Dennison Corporation; UPM Raflatac; PPG Industries, Inc.; Brady Worldwide, Inc.; 3M Company; Lintec Corporation, etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. |
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The retro-reflective labels market is predicted to register a CAGR of 16% during the forecast period.
Key players holding substantial retro-reflective labels market share include Avery Dennison Corporation, UPM Raflatac, PPG Industries, Inc., Brady Worldwide, Inc., 3M Company, Lintec Corporation and many more.
As per the analysis, the retro-reflective labels market share is likely to be US$ 19.5 Bn by 2026.
Sales of retro-reflective labels are also blooming as it provide several advantages, including economic effectiveness, reduced labour needs, and simplicity of inventory management.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of Covid-19
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Macro Factors and Forecast Factors
3.4. Value Chain Analysis
3.4.1. Profit Margin Analysis
3.4.2. Raw Material Suppliers
3.4.3. Manufacturers, Wholesalers and Distributors
3.4.4. End Users/ Customers
3.5. Regional Parent Market Outlook
3.6. Production and Consumption Statistics
3.7. Global Average Pricing Analysis Benchmark
4. Global Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Material, 2015-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Material, 2022-2032
5.3.1. Plastic
5.3.2. Paper
5.4. Y-o-Y Growth Trend Analysis by Material, 2015-2021
5.5. Absolute $ Opportunity Analysis by Material, 2022-2032
6. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Printing
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Printing, 2015-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Printing, 2022-2032
6.3.1. Printed
6.3.2. Unprinted
6.4. Y-o-Y Growth Trend Analysis by Printing, 2015-2021
6.5. Absolute $ Opportunity Analysis by Printing, 2022-2032
7. Global Market Analysis 2015–2021 and Forecast 2022–2032, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by End Use, 2015-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by End Use, 2022-2032
7.3.1. Food & Beverage
7.3.2. Healthcare
7.3.3. Electrical & Electronics
7.3.4. Shipping & Logistics
7.3.5. Other Consumer Goods
7.4. Y-o-Y Growth Trend Analysis by End Use, 2015-2021
7.5. Absolute $ Opportunity Analysis by End Use, 2022-2032
8. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Region
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis by Region, 2015-2021
8.3. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis and Forecast by Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. Middle East and Africa (MEA)
8.4. Market Attractiveness Analysis, by Region
9. North America Market Analysis 2015–2021 and Forecast 2022–2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
9.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Material
9.2.3. By Printing
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material
9.3.3. By Printing
9.3.4. By End Use
9.4. Key Takeaways
10. Latin America Market Analysis 2015–2021 and Forecast 2022–2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
10.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Material
10.2.3. By Printing
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material
10.3.3. By Printing
10.3.4. By End Use
10.4. Key Takeaways
11. Europe Market Analysis 2015–2021 and Forecast 2022–2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
11.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Nordic
11.2.1.8. Russia
11.2.1.9. Poland
11.2.1.10. Rest of Europe
11.2.2. By Material
11.2.3. By Printing
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material
11.3.3. By Printing
11.3.4. By End Use
11.4. Key Takeaways
12. East Asia Market Analysis 2015–2021 and Forecast 2022–2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
12.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Material
12.2.3. By Printing
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material
12.3.3. By Printing
12.3.4. By End Use
12.4. Key Takeaways
13. South Asia Market Analysis 2015–2021 and Forecast 2022–2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
13.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Material
13.2.3. By Printing
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material
13.3.3. By Printing
13.3.4. By End Use
13.4. Key Takeaways
14. Oceania Market Analysis 2015–2021 and Forecast 2022–2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
14.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Material
14.2.3. By Printing
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material
14.3.3. By Printing
14.3.4. By End Use
14.4. Key Takeaways
15. Middle East & Africa Market Analysis 2015–2021 and Forecast 2022–2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Trend Analysis by Market Taxonomy, 2015-2021
15.2. Market Size Value (US$ Mn) & Volume (Sq. Mt.) Forecast by Market Taxonomy, 2022-2032
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. Turkey
15.2.1.3. Northern Africa
15.2.1.4. South Africa
15.2.1.5. Rest of MEA
15.2.2. By Material
15.2.3. By Printing
15.2.4. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Material
15.3.3. By Printing
15.3.4. By End Use
15.4. Key Takeaways
16. Country wise Market Analysis
16.1. United States (U.S.)
16.1.1. Market Share Analysis, 2022
16.1.2. By Material
16.1.3. By Printing
16.1.4. By End Use
16.2. Canada
16.2.1. Market Share Analysis, 2022
16.2.2. By Material
16.2.3. By Printing
16.2.4. By End Use
16.3. Brazil
16.3.1. Market Share Analysis, 2022
16.3.2. By Material
16.3.3. By Printing
16.3.4. By End Use
16.4. Mexico
16.4.1. Market Share Analysis, 2022
16.4.2. By Material
16.4.3. By Printing
16.4.4. By End Use
16.5. Germany
16.5.1. Market Share Analysis, 2022
16.5.2. By Material
16.5.3. By Printing
16.5.4. By End Use
16.6. Italy
16.6.1. Market Share Analysis, 2022
16.6.2. By Material
16.6.3. By Printing
16.6.4. By End Use
16.7. France
16.7.1. Market Share Analysis, 2022
16.7.2. By Material
16.7.3. By Printing
16.7.4. By End Use
16.8. Spain
16.8.1. Market Share Analysis, 2022
16.8.2. By Material
16.8.3. By Printing
16.8.4. By End Use
16.9. U.K.
16.9.1. Market Share Analysis, 2022
16.9.2. By Material
16.9.3. By Printing
16.9.4. By End Use
16.10. Russia
16.10.1. Market Share Analysis, 2022
16.10.2. By Material
16.10.3. By Printing
16.10.4. By End Use
16.11. China
16.11.1. Market Share Analysis, 2022
16.11.2. By Material
16.11.3. By Printing
16.11.4. By End Use
16.12. Japan
16.12.1. Market Share Analysis, 2022
16.12.2. By Material
16.12.3. By Printing
16.12.4. By End Use
16.13. India
16.13.1. Market Share Analysis, 2022
16.13.2. By Material
16.13.3. By Printing
16.13.4. By End Use
16.14. GCC Countries
16.14.1. Market Share Analysis, 2022
16.14.2. By Material
16.14.3. By Printing
16.14.4. By End Use
16.15. Australia
16.15.1. Market Share Analysis, 2022
16.15.2. By Material
16.15.3. By Printing
16.15.4. By End Use
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Region
17.3.2. By Product Portfolio
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Electronic Imaging Materials, Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Camcode
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Brady Corporation
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. ASG Services LLC
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. RMS Omega Technologies
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. ProLux Systemtechnik GmbH & Co. KG
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Shelf Tag Supply
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. MINDWARE TECHNOLOGIES
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments (Product/Channel/Region)
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. SKK S.A.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments (Product/Channel/Region)
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Novex Systems LLC
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments (Product/Channel/Region)
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. NovaVision Inc.
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments (Product/Channel/Region)
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
18.1.12. Marsh Label Technologies
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments (Product/Channel/Region)
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.12.5.2. Product Strategy
18.1.12.5.3. Channel Strategy
19. Assumptions and Acronyms Used
20. Research Methodology
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Retro-Reflective Labels Market
