Security Labels Market Growth Tough Growth, Trends Report, Industry Size, and Business Plan Forecast
Market Scope Market Research Future (MRFR) believes that the global security labels market growth is expected to reach USD 27,907 millionby 2030 and register a CAGR of 5.30% during the forecast period of 2022-2030. Primary Boosters and Main Restraints In 2018, Identiv Inc., a leading supplier of security solutions, developed and launched tamper-proof RFID labels that find applications in pharmaceuticals, apparel industry, perishable food products, to name a few. More and more manufacturers are deploying security labels while manufacturing products, since they are aesthetically appealing and the holographic labels help add significant functionality to the product packaging. These labels also help protect against counterfeiting of the product. Moreover, the embossing designs that are on the label assist buyers in identifying the authentic product. Consumers today prefer to know about the product they are buying and demand protection against incorrect information. These factors, in ad