Packaging giants have been using void labels to eradicate any chances of counterfeiting, fraud, and tampering of products. Learning from them, startups, too, are making just use of void labels along with the integration of smart features in them, pushing the demand at a 2.40% CAGR from 2024 to 2034.
Adhesive technology, holographic features, tamper evident design, NFC, RFID and many more are some key technological advancements in this market. Given the prominence of this trend, the demand is probably to reach USD 12.5 billion by 2034.
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 436.7 million |
| Market Value for 2024 | USD 9.1 billion |
| Forecast Value for 2034 | USD 12.5 billion |
| CAGR from 2024 to 2034 | 2.40% |
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The void label market expanded at a 3.30% CAGR from 2019 to 2023, according to packaging experts at Future Market Insights. With slow progress, the demand will loom to a 2.40% CAGR throughout the next ten years, from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 3.30% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 2.40% |
The development of edible or dissolvable label has been a boon in the void label market. These label are made to cling firmly to goods during usage and distribution, but they disappear completely when they touch moisture or water. The innovation ensures product safety and authenticity while addressing waste and environmental impact issues.
It is especially useful in sectors like food and medicines, where conventional labeling may make disposal difficult. This is a lot beneficial for the market players to gain a competitive advantage globally.
Integration of Smart Features in These Label to Aid Key Players in Achieving Growth
One crucial aspect driving the void label market in developing countries, like the United States, is the growing use of smart packaging solutions driven by the spread of Internet of Things technology. Sensors, RFID, and NFC technologies are integrated into empty label for temperature management, product verification, and real time monitoring. This trend, which is especially noteworthy for industries like medicines and perishable commodities, emphasizes a dedication to innovation, supply chain transparency, and satisfying consumers’ expectations for quality and safety.
Availability of Alternative Counterfeiting Technology and Scarcity of Knowledge to Stifle Growth
The market is confronted with two challenges, heightened competition from alternative anti-counterfeiting technologies that provide comparable security features, such as digital watermarking and holographic label.
There is still work to be done educating consumers and businesses about the uses and advantages of void label, which might prevent the product from becoming widely used. To overcome these obstacles and increase market penetration, market players must collaborate, develop new marketing techniques, and upgrade technology.
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This section provides a detailed analysis of two particular market segments for the void label, the dominant technology and the significant end use. The two main segments discussed below are barcodes and food sector.
| Technology | Barcodes |
|---|---|
| Market Share in 2024 | 61.20% |
Barcodes continue to rule the labeling industry due to their ease of use, affordability, and broad interoperability with present systems, along with a 61.20% market share in 2024. Their effective inventory management and data collection capabilities allow for a smooth integration into supply chain processes.
Barcodes also make it easier to identify products quickly and accurately, which lowers mistakes and boosts output. Their sustained dominance in the labeling business is fueled by their preference across a wide range of sectors and applications due to their adaptability.
| End Use | Food |
|---|---|
| Market Share in 2024 | 37.20% |
Due to tight requirements and the crucial significance of food hygiene and safety, void label are most commonly used in the food and beverage industry, with a 37.20% market share in 2024. These label guarantee product authenticity and integrity across the supply chain by offering obvious proof of tampering.
They serve as an effective deterrent against tampering and counterfeiting due to the possible hazards involved with food contamination and adulteration. Their application in the food industry contributes to upholding customer confidence, protecting brand reputation, and adhering to legal specifications for food packaging and labeling.
This section will detail the void label markets in key countries, including the United States, Canada, Germany, the United Kingdom, and South Korea. Technology and intelligent features are playing a key role in these regions. Various countries are adopting and iterating smart technology in these label to counter the counterfeiting of goods.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| The United States | 2.8% |
| Canada | 2.6% |
| Germany | 2.5% |
| The United Kingdom | 2.4% |
| South Korea | 3.7% |
Incorporating NFC (Near Field Communication) chips into void label, which Avery Dennison developed in the United States, is groundbreaking. Through improved product monitoring and authentication capabilities made possible by this technology, consumers may use their mobile devices to confirm the legitimacy of products.
They may also obtain further information, adding a degree of security and involvement in the fight against counterfeiting, pushing the demand for void label to reach a 2.8% CAGR through 2034.
The use of blockchain based authentication solutions in Canada has contributed to the popularity of void label, with an expected 2.6% CAGR through 2034. This innovative method uses blockchain technology's decentralized and irreversible feature to offer safe and transparent product authenticity tracking along the supply chain.
For example, SecureMark guarantees improved anti-counterfeiting procedures and increases customer trust in product authenticity by incorporating blockchain technology into void label.
Utilizing microtaggant technology is a state of the art technology developed in Germany for void label, with a 2.5% CAGR through 2034. With this advanced approach, the label material contains minuscule particles that are almost hard to copy and are individually encoded.
Leading players like SicherTech improve product identification capabilities by employing microtaggants, offering a potent deterrence against counterfeiting and guaranteeing the authenticity of items in the German market.
Using augmented reality (AR) features on label is a technique developed by a firm for void label in the United Kingdom, pushing the void label demand to a 2.4% CAGR through 2034.
Companies make it simple for customers to use their mobile devices to verify items by incorporating augmented reality technology into the labeling. This innovative method improves customer experiences through interactive product verification and builds brand confidence in the United Kingdom market.
In South Korea, regional players are using smart QR codes as an effective technology designed for void label, acquiring a 3.7% CAGR. Consumers may use their cell phones to confirm the validity of products by scanning these QR codes, which come with encryption and authentication capabilities.
For instance, SecuScan's smart QR codes support anti-counterfeiting initiatives by offering a strong defense against phony goods and enhancing customer trust in the South Korean market.
Companies in the market are setting themselves apart by allocating resources toward research and development to provide state of the art void label solutions. The ability of consumers to customize label to meet particular needs is being prioritized.
Companies also improve customer service by offering expert guidance on label applications and choices. Many are using modern technologies to achieve better quality and faster turnaround times. Strategic alliances with suppliers and clients are also being formed to provide a smooth experience and keep a competitive advantage in the industry. The key players in this market include:
Key Development by Market Players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.40% from 2024 to 2034 |
| Market value in 2024 | USD 9.1 billion |
| Market value in 2034 | USD 12.5 billion |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Technology, Material, End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | BRADY Corp; Label Aid Systems; SKD Tapes; Altrif Label; Versapak International Ltd; Strong Asset Tags; NovaVision Inc.; Custom Label Ltd |
| Customisation Scope | Available on Request |
The void label market is to garner a 2.40% CAGR from 2024 to 2034.
By 2024, the global void label market will reach USD 9.1 billion.
By 2034, the void label market is poised to reach USD 12.5 billion.
The void label industry in the United States to garner a 2.80% CAGR during the forecast period.
Barcodes will likely be dominantly used in the void label with a 54.80% market share in 2024.
These label are going to be widely used in the food sector with a 37.20% market share in 2024.
| Estimated Size, 2024 | USD 1,558.3 million |
|---|---|
| Projected Size, 2034 | USD 2,374 million |
| Value-based CAGR (2024 to 2034) | 4.3% |
| Market Estimated Size (2023E) | USD 94.5 million |
|---|---|
| Market Valuation (2033F) | USD 140.0 million |
| Value-based CAGR (2023 to 2033) | 4.0% |
| CAGR (2023 to 2033) | 4.9% |
|---|---|
| Market Size (2023) | USD 41.75 billion |
| Market Size (2033) | USD 67.36 billion |
| Estimated Market Value (2023) | USD 513.3 million |
|---|---|
| Projected Market Value (2033) | USD 752.6 million |
| Value-based CAGR (2023 to 2033) | 3.9% |
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