Looking for a stable, growing market to add to your portfolio? According to research by Market Research Future (MRFR), the value of the global industrial labels market is set to reach $66.7 billion in 2023 and increase to $111 billion by the end of 2033, expanding at a steady CAGR of 5.2% through 2033. For more information on this research study, click here.
Industrial Labels Are Growing
What’s important about the industrial label market is that it is not only growing, but this is a market that cannot be replaced with digital alternatives. Industrial/durable goods labels are designed and printed for durable goods, such as machinery, tools, appliances, and other industrial products. These labels are usually made of high-quality materials that can withstand harsh environments, exposure to chemicals, extreme temperatures, and other challenging conditions.
Industrial Labels Cannot Be Replaced with Digital Alternatives
Unlike many other paper-based products (such as forms and letters) that are facing pressure from digital alternatives , industrial labels must reside on the product (or company asset) itself and cannot be replaced with digital alternatives. If you aren’t already selling them, this is what makes durable goods labels such a valuable addition to your portfolio.
What’s in an Industrial Label?
Industrial/durable goods labels may include information such as product name, model number, serial number, manufacturing date, safety warnings, usage instructions, and other relevant details. They are essential for tracking inventory, ensuring regulatory compliance, promoting brand awareness, and providing product information to customers.
Industrial/durable goods labels may be affixed directly to the product or an asset (such as warehouse shelving) using adhesive backing, mechanical fasteners, or other attachment methods, depending on the label’s design and intended use. If the product or asset requires detailed tracking, your customer may want to consider using RFID labels.
Difference from Off-the-Shelf Labels
There are many differences between industrial labels and “off the shelf labels.” These include:
- Anti-peel qualities
- High pressure and temperature resistance
- Moisture resistance
- Abrasion resistance
- Requirement to stay on the life of the product (such as a tire, lawnmower, or industrial drum) or company asset (such as warehouse shelving or industrial drum)
- Often must adhere to governmental regulations
Because of their unique requirements and the environments to which they will be exposed, Industrial labels typically require custom solutions.
This is why working with an experienced vendor like Wise, which has decades of R&D experience, is so important to selling into this market. We can help you identify which label substrates will adhere to your customers’ products under the required condition and remain visible and legible regardless of environmental conditions (UV light, chemical splashes, or corrosion) over the life of the product or asset.
Want to learn more? Contact us!
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