The report "Security Labels Market by Type (Branding, Identification, Information), Identification method (Bar code, Radio Frequency Identification, Holographic) Composition (Facestock, Release Liner, Adhesive), Form (Reel, Sheet) & Application - Forecast to 2020", The security labels market size is projected to grow from USD 20.61 Billion in 2015 to USD 26.47 Billion by 2020, at a CAGR of 5.13% from 2015 to 2020

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The Security Labels Market was valued at USD 20.61 Billion in 2015 and is projected to reach USD 26.47 Billion by 2020, at a CAGR of 5.13% from 2015 to 2020. On the basis of compositon, facestock accounted for the largest market share among all compositions for security labels. Bar codes accounted for the largest share in terms of both volume and value. In 2014, the application segment was dominated by the food & beverage sector followed by retail and consumer durables. Security labels in the form of sheets accounted for the largest share in terms of both volume and value.

The final segment, that is, the region, consists of North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Globally, competition in the security labels market is growing considerably owing to the improvement in labeling technologies such as bar codes and radio-frequency identification. Security labels convertors are keen on developing innovative labeling solutions that can withstand severe weather conditions such as extreme temperature and abrasion. The base year considered for the sudy is 2014 and the market size is forecasted from 2015 to 2020.

On the basis of application, the market is segmented into food & beverage, retail, consumer durables, pharmaceuticals, and others. Increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient and effective labeling are some of the factors that are driving the security labels market.

The new product developmets and aqusitions were the major strategies adopted by most players in this market. Companies such as 3M Company (U.S.), Avery Dennison Corporation (U.S.), CCL Industries Inc. (Canada), UPM (Finland), Honeywell International Inc. (U.S.), Tesa SE Group (Germany), and Seiko Holdings Corporation (Japan) were the key players who adopted these strategies to increase the customer base in key markets.

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