Industrial Labels Market Expected to Grow at a CAGR of 5.5% to Reach USD 55 Billion by 2022
Industrial labels help manufacturers to keep a proper track of products along the entire supply chain. Industrial labels are widely used in construction, transportation and automotive industries. Transportation industry contributes highest to the overall growth of the market. High capital expenditure is required for setting up a labeling system. North-America is the largest growing region, majorly due to increasing consumer awareness. Asian countries, especially India and China accounting for the largest market share in the overall industrial labels market due...
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