Security Labels Market Size | Trends, Forecast and Competitive Analysis, Top Leading Players with Strategies 2027
Market Scope Market Research Future (MRFR) believes that the security labels market sharet 2020 can post a decent CAGR of 5.3% between 2017 and 2023 (review period). 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 addition to the overall surge in the packaging indus