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Printed circuit board labels Market: Manufacturers are focusing on durable labelling solutions
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Circuit board labels are one of the ESD protective solutions used widely in industrial packaging industry. Circuit board labels are used for variety of purposes, including tracking WIP, identification, quality control, compliance mandates, and warranties, among others. The printed circuit board labels market is expected to gain traction during the forecast period as the preference for ESD protective packaging solutions increases. Printed circuit board labels are better than the alternative solutions available in the market in two key ways –
- Printed circuit board labels are designed in a such as way as to prevent significant charge build-up throughout its life span, once span. This aids in avoiding static discharge events
- Alternative labelling formats are not able to prevent damage to several components by the charge generated during removal from the liner, unlike printed circuit labels.
Manufacturers of printed circuit board labels are expected to focus on offering durable labelling solutions compliant with REACH, HALOGEN FREE, and RoHS requirements for solutions used in electronics packaging. The outlook for growth of the global circuit board labels market is expected to be positive during the forecast period.
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High demand for labelling solutions which can withstand high temperatures is expected to be the key factor driving growth of the global circuit board labels market during the forecast period. Circuit board labels are also expected to register growth in demand due to the need for labelling solutions intended to reduce counterfeit products in the market. Additionally, circuit board labels are in compliance with respect to legal and regulatory aspects. Therefore, it is anticipated that they will witness further increase in sales in the next decade, which is mainly expected to be driven by the huge yet largely untapped market in the Asia Pacific region.
Circuit Board Labels Market: Regional Outlook
The U.S. circuit board labels market expected to spearhead growth of the North America market, which in turn is likely to maintain its edge over the other regional circuit board labels markets in terms of market share. The Europe circuit board labels market is expected to follow the North America market in terms of market share, with the Germany circuit board labels market being the leading one in terms of regional share. The Asia Pacific circuit board labels market is likely to register a healthy CAGR due to the impressive growth shown by China and Japan in the past few years. Japan is expected to maintain its edge over China in terms of label consumption. Circuit board labels markets like that of India’s are likely to remain largely undertapped during the next ten years, attributed mainly to relatively small size of electronic industry in terms of production.
Circuit Board Labels Market: Key Players
Some of the key players operating in the global circuit board labels market are as follows –
- Avery Dennison Corporation
- Brady Corporation
- HellermannTyton Corporation
- Dasco Label
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