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The global QR code labels market is estimated at US$ 1.3 Bn in 2022 and is projected to reach US$ 2.1 Bn by 2027, at a CAGR of 8.9% from 2022 to 2027.

Equally significant as packaging, product labeling has also emerged as an extremely important factor influencing the purchasing behavior of consumers. The 2D nature and machine (mobile device) readability of QR code labels continue to highlight their robust potential in terms of adoption. Apart from food and beverages, healthcare, pharmaceuticals, and personal care industries have been adapted to the paradigm shift of barcode-to-QR code, in recent past.

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The report by FMI has covered deep dive profiles of some of the key players active in QR code labels marketplace, including Lintec Corporation, Hibiscus PLC, CCL Industries, Label Logic, Inc., Packtica SDN Bhd, Advanced Labels NW, Data Label Co. UK., Coast Label Company, Consolidated Label & Co., and Label Impressions Inc.

Increasing criticality of addressing serious industrial consequences of products and label counterfeiting is compelling operators in the various industrial domains to embed QR code labels over the conventional counterpart, i.e. barcode.

Exploring a broader application in the food and beverages industry that accounts for a substantial revenue share in QR code labels market, the QR code labels efficiently link consumers to the product authentication information, which is otherwise a challenge in case of labels that are limited by the lack of space availability.

Top Trends Shaping Strategic Activities of QR Code Labels Manufacturers –

• Waterproof QR code labels
• QR code labels specifically designed for packaged seafood products
• Mass integration of QR code labels on alcoholic beverages by wholesale and retail distributors

A majority of established companies manufacturing QR code labels are shifting their focus to waterproof QR code labels that efficiently withstand harsh weather conditions. Growing incorporation of QR code labels in seafood products and liquor bottles marks another strong trend in the QR code labels landscape, observed in recent years.

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Russian wholesalers and retailers dealing in alcoholic beverages have commenced mass QR code labelling for all liquor bottles, as a brand new effort to adapt to their electronic tracking and monitoring systems. While this trend is now also applicable for both premium spirit and beer, it is likely to enable Russian alcohol industry to maintain a track of export, import, and sales, in addition to production, distribution, and sales.

Australia based QR code labels manufacturers have been investing efforts in tracking seafood and meat products through the transit and thereby allow consumers to remain informed of products’ history and current status.

In a recently released intelligence outlook, Future Market Insights forecasts a strong growth outlook for global QR code labels marketplace over next few years. Superior functional attributes of QR code labels over conventional barcodes will remain the primary booster for manufacturers of the former in global landscape.

Enjoying extensive applicability in security, inventory management, mobile payment, and marketing & advertisement, QR code labels will reportedly continue to gain higher traction owing to high storage capability for text, URLs, webpages, and contact information. Up to 30% damage tolerating ability is also cited as an important factor pushing adoption of QR code labels across industries.

Key Insights Drawn from Report –

• Pressure-sensitive QR code labels remain an attractive segment, globally, across multiple industrial verticals.
• Adoption across the F&B industry estimated to gather momentum, boosting sales of QR code labels in the near future.
• Anti-counterfeiting applications are projected to uplift sales of QR code labels in automotive sector.
• Soaring smartphone sales and the thriving retail sector are indirectly (positively) impacting the QR code labels landscape.
• China, with nearly 40% value share in Asia Pacific market, remains the revenue growth engine for regional QR code labels marketplace.
• North America’s market for QR code labels is slated to demonstrate exceptional growth in the revenue, in coming years.
• Globally and regionally leading QR code labels manufacturers are likely to eye lucrative investment pockets across Asia Pacific, and Middle East & Africa.

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The Global Security Labels Market is estimated at US$ 29.5 Bn in 2022 and is projected to reach US$ 44.8 Bn by 2030, at a CAGR of 5.4% from 2022 to 2030.

Future Market Insights in its most recent delivered report, projects more than 3% yearly development in worldwide security labels market, which will push the complete market size to be over US$ 45 by in 2030. Development of retail area, its surprising advancement, and changing buyer awareness have all in all animated the development of unified businesses, for example, naming and bundling.

Request to make retail more coordinated with improved and effective stock administration is supposed to up the interest for security labels. Future Market Insights predicts that the steadily growing food and drinks and drug markets will move the interest for cutting edge security labels that come to RFID and NFC advances.

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Growing e-commerce and bulk buying has significantly created a need for right labelling to ensure proper asset tracking, tracking of warehouse locations, and safe storing of the product until it reaches the buyer. The need to differentiate products on shelves has compelled security label manufacturers to offer high quality labels that satisfy the packaging and labelling objectives of their clients operating in retail and food markets.

Use of security labels reduce chances of package tampering, which ensures right delivery of products to consumers. Security labels also allow fast and reliable authentication of genuine products, which is essential for safeguarding customer’s interest.

Identification of authentic products from the counterfeit one has been noted as the key market driver as it maintains product integrity. Analysts have assessed each of these factors in detail to ascertain them as powerful market forces responsible for market growth.

Unique Identification Technology and IoT to Boost the Demand for Security Labels

RFID technology, which offers unique identification and real-time information, is expected to give security labels the much-needed overhaul. While it does increase the price of security labels, RFID enables accurate tracking of products. From date of manufacturing to expiry, asset tracking, and inventory management, the modern security labels are expected to simplify many issues for end users.

This technology coupled with Internet of Things and cloud computing technologies used across verticals is expected to enhance security labelling as the best solution for ironing out the creases in logistics and supply chain. Easy access to information about products, information about warehousing, storing, and final dispatch can be easily managed with such labels.

RFID security labels are also expected to make lab work error free as they largely remove the element of human interaction for reading, sorting, shelving. Such benefits are expected to favor market growth in the coming years.

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One of the challenges that brand owners face is maintaining and developing a positive brand image. Companies strive to achieve positive impression by improving product performance, reliability, and creating value. However, counterfeit products can tarnish the positive brand image and gray market of the products can result in margin shrinkage. To overcome the challenge, security labels are anticipated to play a vital role in authentication of products. This is likely to boost the demand for security labels in the years to come,” says an FMI analyst.

Impact of COVID-19 on Security Labels Market

The short term impact of COVID-19 pandemic can be felt through shortage of raw material and disturbed supply chains in the security labels market. While this has caused the sales to plummet, the pandemic has also highlighted the need for it security in the pharmaceutical, healthcare, and R&D industry.

The growing clinical trials and increasing diagnostics have created a dire need for security labels across labs and research and development centres. Increasing pressure to find a vaccine for COVID-19, will need accurate labelling of samples, thus generating a massive demand for security labels.

Investment by governments in these clinical trials across the globe is also expected to up the demand for security labels in indirect ways.

Security Labels Market Landscape

Avery Dennison Corporation, 3M, CCL Industries Inc., Brady Corporation, Zebra Technologies Corporation, Honeywell Corporation are the top players operating in the Security Labels Market. Furthermore, Covectra, Inc., UPM Raflatac, tesa SE, Mega Fortris Group, Sato Holdings Corporation, Muehlbauer Holding AG, Invengo Technology Pte. Ltd and Smartrac Group are prominent players in the security labels market. The Tier 3 players in the market hold 63-70% in the global Security Labels Market. In conclusion, key players contribute 20-30% of the global market.

Key Takeaways of Security Labels Market Study

• Food & beverage industry is estimated to account for more than 2/5^th of the security labels demand by 2030
• Barcode labels to have an incremental opportunity of US$ 5 Bn by 2030
• Plastic, as a raw material, estimated to account for 45% of the global market by value and is expected to reach slightly over US$ 20 Bn by 2030
• VOID pattern type is estimated to account for more than 60% by value of the market share by 2030
• Boxes & cartons estimated to account for half of the market share by 2030 owing to ease of application due to flat surface of boxes and cartons
• East Asia is estimated to have an incremental opportunity of US$ 6 Bn by 2030 with presence of large number of packaging products manufacturers.

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Competitive Landscape

Major market players across global security labels market are focusing upon launching advanced security labels made up of innovative materials and using acquisition as key strategy to expand its operational presence in different parts of the world:-

In February 2022, Avery Dennison Corporation launched first certified portfolio of vegan labels, which contains no animal derived components. It was launched to vegan alternatives across various industries.

In January 2022, CCL Industries Inc. acquired International Master Product Corporation, which is a Michigan, U.S. based manufacturer of tags & labels.

Global Security Labels Market By Category

By Product Type :

• Barcode
• Holographic Labels
• Radio Frequency Identification (RFIDs)
• Electronic Article Surveillance (EAS)
• Near Field Communication (NFC)
• Others (QR codes, etc.)

By Material Type :

• Plastic
  • Polyester
  • Vinyl
  • PP
  • Others
• Foam (EPS)
• Foil
• Paper

By Pattern Type :

• VOID
• Checkboard
• Destructible
• Other Customized Patterns

By Application :

• Bottles & Jars
• Boxes & Cartons
• Bags & Pouches
• Other Containers (IBC’s, Drum, etc.)

By End-use Industry :

• Food & Beverage Industry
• Healthcare & Pharmaceutical Industry
• Chemicals & Fertilizers Industry
• Electrical & Electronics Industry
• Personal Care & Cosmetics Industry
• Others (Homecare, etc.)

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Future Market Insights (FMI) delivers key insights on the global box and carton overwrap films market in its published report titled “Global Box and Carton Overwrap films Market Forecast, Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.” In terms of revenue, the global box and carton overwrap films market is estimated to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors on which FMI sheds light in this report.

Box and carton overwrap films can be wrapped around a variety of packaging formats. Box and carton overwrap films are used for different types of box packaging for tobacco, cosmetics, and pharmaceuticals. Box and carton overwrap films serve the purpose of protection from moisture and external elements. The manufacturers in the box and carton overwrap films market prefer 20-40 micron thickness films for wrapping purposes.

Although box and carton applications are expected to expand at a healthy growth rate, the fast adoption of flexible packaging solutions could pose a threat to the box and carton overwrap films market. However, the global box and carton overwrap films market is estimated to expand at a noticeable growth rate during the forecast period, due to an increment in the usage of protective packaging solutions.

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The global box and carton overwrap films market is segmented on the basis of material type, film type, film thickness, coating type, end use, sales channel, and region. On the basis of material type, the global box and carton overwrap films market is segmented as PVC, PE, PP, PET, and other materials. On the basis of film type, the global box and carton overwrap films market is segmented as shrink and stretch film. On the basis of film thickness, the global box and carton overwrap films market is segmented as coated and uncoated films. On the basis of end use, the global box and carton overwrap films market is segmented as food, beverage, PC, & cosmetics, Automotive, health care, industrial packaging, shipping & logistics, electrical and electronics, and others.

On the basis of sales channel, the global box and carton overwrap films market is segmented as brand owner sales and converter sales. The food segment in box and carton overwrap films market includes processed food, fresh produce, dairy products, and bakery & confectionery.

Manufacturers Prefer Multi-functional Box and Carton Overwrap Films

Box and carton overwrap films manufacturers are focusing on overwrap films that incorporate several convenience and product safety features. The demand for efficient packaging solutions is no longer focused on simply offering convenience. Modern-day box and carton overwrap films incorporate several features such as assurance of extended shelf life and tamper evidence. In addition, box and carton overwrap films with their high printability, are designed to enhance the on-shelf appeal of the product, since consumer perception plays a key role in the buying decision in a modern retail environment. Box and carton overwrap films market is expected to have significant growth due to manufacturer’s changing preference towards multi-functional properties.

Box and Carton Overwrap Films Market: Key Developments

Manufacturers in the box and carton overwrap films market use acquisition and merger strategies for significant growth in the coming years. Companies such as CCL industries and Jindal Poly Films Ltd. are following strategies such as mergers and acquisitions to improve business operations and expand all over the globe.

• In 2017, CCL Industries Inc., acquired Innovia group of companies, a manufacturer of packaging films, labels, and tobacco packaging solutions which include box and carton overwrap films.
• In July 2018, CCL Industries Inc., acquired Treofan America Inc. and Trespaphan Mexico Holdings GmbH (Treofan Americas).
• In 2018, Jindal Films, an Indian film and label manufacturer acquired a controlling stake in Treofan Europe.

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Box and Carton Overwrap Films Market: Competitive Landscape

Terichem A.S., CCL Industries Inc., Berry Global Inc., Cosmo Films Ltd., Smurfit Kappa Group Plc, Treofan Group, Futamura Chemical Co., Ltd., Irplast S.p.A., Taghleef Industries Group, SIBUR International GmbH, Jindal Poly Films Ltd., Garware Polyester Limited, Transcendia Inc., Uflex Ltd, and Industrial Development Company sal (Indevco) among others.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Disposable cutlery has emerged as the most economical and efficient solution for both indoor and outdoor food service activities. Future Market Insights (FMI) in a new study has forecast the market to exhibit 0.9% Y-o-Y growth in 2021, after exhibiting negative returns in 2020.

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The global disposable cutlery market is expected dispose off linear transition and move towards exponential transition between 2022 and 2031 at a CAGR of 4%, reaching US$ 2.4 Bn by the year 2031.

Use of disposable cutleries in hotels, pubs, bars and beyond has been a key game changer. For instance, these cutleries are highly sought-after for better convenience and hygiene factor in schools & offices. The convenient use and affordable pricing of disposable cutlery with availability of dispensed and wrapped types are driving growth.

Disposable spoons are expected to remain highly sought after. While plastic still accounts for majority of disposable spoons sold worldwide, consumers are gradually transitioning towards wooden spoons. Use and throw wooden spoons are widespread in countries such as India, France, and others that have implemented stringent regulations against the use of plastic.

Key Takeaways from Disposable Cutlery Market

• FMI presents positive outlook for disposable cutleries market. After reporting negative growth amid COVID-19, the market is set to exhibit 4.4% CAGR between 2021 and 2031
• U.S. is expected to account for 86% of disposable cutleries sold in North America
• U.K.’s recovery post COVID-19 is will be slow and steady. FMI projects it to exhibit 1% Y-o-Y growth in 2021
• Outlook for Germany and Spain will remain positive
• China will lead East Asia, while growth in South Asia is expected to be spearheaded by India

“Leading players are launching disposable cutlery made from a wide variety of materials, with appealing look, and specialty applications to enhance customer satisfaction. Additionally, there is increasing focus towards the production of green disposable cutlery items made of plant starch, wood, and bamboo, which is likely to boost the market in the near future,” says FMI analyst.

Rising Demand for ‘On-the-go Food’ Fuelling Sales

Millennials are increasingly looking for personal experiences with trendy goods. They also represent a major and rapidly growing segment of the market. In order to better satisfy the increasing demand of millennial, who prefer on-the-go food producers are also concentrating on expanding their disposable cutlery portfolios. To allow maximum customer convenience, they are seemed to be focusing increasingly on design. Ease in storage and grab-and-go features of disposable cutlery also contribute towards their sales, apart from practical features such as low costs and food hygiene.

In order to cater to the increasing number of on-the-go customers, foodservice operators provide different services such as ‘takeaway’ and ‘drive through’. In response to this, the demand for disposables in the food service is expected to dramatically rise over the next five years.

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Key Segments Covered in Disposable Cutlery Industry Research

Product Type

• Spoon
  • Plastic
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Poly lactic Acid (PLA)
  • Wood
• Fork
  • Plastic
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Poly lactic Acid (PLA)
  • Wood
• Knife
  • Plastic
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Poly lactic Acid (PLA)
  • Wood

Fabrication Process

• Thermoforming
• Die Cutting
• Injection Molding

Cutlery Type

• Wrapped Cutlery
• Dispensed Cutlery

End-use

• Food Service Outlets
  • Hotels
  • Restaurants & Cafes
  • Quick Service Restaurants (QSR)
• Institutional Food Services
  • Cinemas
  • Airline & Railway Catering
  • Schools & Offices
  • Hospitals
• Household Use

Sales Channel

• Manufacturers (Direct Sales)
• Distributors
• E-retail
• Retailers
  • Hypermarkets
  • Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Discount Stores & Warehouse/Wholesale Clubs

Impact of COVID-19 on Disposable cutlery Market

COVID–19 has caused drop in sales in 2020-21. This is mainly due to the continuing challenges faced by food service outlets and institutional food service businesses, which are the biggest customers of disposable cutlery. Restaurants, quick service restaurants (QSRs), bars, pubs, and coffee shops remained shuttered for prolonged period to contain the virus, causing disposable cutlery sales to contract.

Nonetheless, the focus on hygiene has caused considerable shift in behaviour pattern among consumers. There is higher inclination towards getting food delivered than dining out even after economies are returning to normalcy. Likewise, the demand for disposable cutleries is surging in comparison to reusable ones to ascertain better hygiene.

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Disposable cutlery Market Landscape

Huhtamaki Oyj, Pactiv LLC, Dart Container Corporation, and Georgia-Pacific LLC are the top players operating in the disposable cutlery market. Additionally, DOpla S.p.A., Vegware Ltd, I.L.P.A. S.p.A. Group, Genpak, LLC, D&W Fine Pack LLC, and Novolex Holdings, Inc. are some of the leading players operating in the market. Companies operating in the market are focusing on innovations to gain competitive advantage.

For instance:

• Biopac UK Ltd has recently unveiled a range of disposable spoons made from biodegradable corn starch
• A new line of products, called “Cheeky” introduced by Dart Container Corporation include paper plates and bowls, besides colored cutleries

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The global steel drum market is projected to witness linear growth between 2022 and 2031 at a CAGR of 4.9%, reaching US$ 18.6 Bn by the year 2031.

Steel drums have emerged as preferred rigid packaging solutions as they are increasingly used for transporting hazardous and non-hazardous material. According to a study by Future Market Insights (FMI), the steel drums market is forecast to register steady growth on the back of increasing applications in industries such as chemicals, food & beverages, petroleum & lubricants, healthcare & personal care, building & construction, paints, inks, & dyes, and others.

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Growth forecast for the market remains positive in response to the consistently rising demand for safe & secure and cost-effectiveness solutions. Steel drums are often preferred for transporting chemicals because they are environmentally friendly, fire resistance, and have various other advantages. Considering the availability, steel drums are available in two different materials, stainless steel and carbon steel. Of these, carbon steel is preferred more.

Over the past few years, the steel drum is gaining popularity among various end-use industries especially for storage and transportation of liquid materials as it offers safe and secure packaging solution. Also, rising concerns about sustainability is creating growth opportunities. Future Market Insights forecasts the market to continue growing at a positive rate between 2021 and 2031.

Key Takeaways from Steel Drum Market

• Driven by rising demand for effective packaging solutions, steel drums market will rise at 5% CAGR between 2021 and 2031
• Within the U.S., the chemicals industry will account for maximum sales of steel drums
• Moderate growth is likely in the U.K. market, driven by increasing application in chemicals and petroleum & lubricants industries
• Germany and France will remain highly lucrative markets for steel drums within Europe
• Exceptional growth is likely in China, as demand continues increasing across diverse industries including chemicals, paints, inks & dyes, and petroleum & lubricants sectors

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“Companies operating in the market are focusing on improving designs of steel drums to make them more light-weight, efficient, and cost-effective. Also they are focusing on expanding footprint via strategic collaborations,” says an FMI analyst. 

Rise in Demand for Steel Drum in Chemical Sector Augmenting Sales

The demand for steel drums in the chemical industry is rising due to the changing way of industrial packaging solution by pooling and leasing the containers and drums. The standards for using steel drums are set by various countries and various regulations such as the U.S. Department of Transportation (DOT), United Nations regulations. Majorly the steel drums are used by the chemical industry to store and transport hazardous and non-hazardous materials.

Also, the steel drum offers high safety and easy warehousing benefit which bolster their demand in the chemical industry. The steel drum is highly used for liquid chemicals in the global industrial packaging market. The chemical segment is expected to hold more than 35% of the steel drums market and estimated to witness faster-growing demand in the next five years, owing to favourable transportation regulations and international trade.

Steel Drum Market Landscape

Greif Inc., Mauser Packaging Solution, and SCHÜTZ GmbH & Co. KGaA are the top players operating in the steel drum market. Furthermore, Time Technoplast Ltd., Balmer Lawrie & Co. Limited, Nippon Steel Drums Co. Ltd., are some of the companies operating in the steel drum market. The Tier 3 players in the market hold 75-80% in the global steel drum market.

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Key Segments Covered In Steel Drum Industry Research

Capacity:

• 55 Gallon
• Other than 55 Gallon

Head Type:

• Tight Head
• Open Head

Material:

• Carbon Steel
• Stainless Steel

End-Use:

• Chemicals
• Petroleum & Lubricants
• Paints, Inks, & Dyes
• Food & Beverages
• Building & Construction
• Healthcare & Personal Care
• Others

Region:

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

Key Questions Answered in the Report

• How much is the Steel Drum market currently worth?
• What is the sales forecast for Steel Drum through 2031?
• What was last 6-year market CAGR for the sales of Steel Drum?
• Who are the key manufacturing companies for Steel Drum?

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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