Market Dynamics
Some properties of security labels such as its premium quality, minimal weight, and recyclability are factors that attract the end-use industries such as food and beverages, pharmaceutical, and others. This results in increasing demand for security labels, thereby driving growth of the security labels market. Digital printing of security labels is an additional benefit for the global security labels market to attract the end-use industries and increase its market value during the forecast period.
However, the additional price of the product as compared to the conventional labels is a major factor that is affecting growth of the global security labels market. Additional cost involved with the premium quality of plastic used for manufacturing labels, ink used for printing, and special compatible software required for the digital printing are not preferred by all the manufacturers. Due to the increased cost of the security labels, most of the end users will not prefer this product, thereby hampering growth of the global security labels market during the forecast period.
Market Outlook
Security Labels Market Report Snapshots
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