| Product Code: ETC5317778 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a slight decline in growth rate from 2023 to 2024, the import market for security labels in Grenada continued to show strong growth with a CAGR of 14.6% from 2020 to 2024. The top exporting countries to Grenada in 2024 were Canada, USA, Trinidad and Tobago, Barbados, and UAE, indicating a diverse source of imports. However, the high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, which may present both opportunities and challenges for industry players in Grenada`s security labels sector.
Grenada's Security Labels market is anticipated to experience a stable growth rate of 1.55% by 2027, reflecting trends observed in the largest economy United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Security Labels Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Security Labels Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Security Labels Market - Industry Life Cycle |
3.4 Grenada Security Labels Market - Porter's Five Forces |
3.5 Grenada Security Labels Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Security Labels Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Grenada Security Labels Market Revenues & Volume Share, By Pattern Type, 2021 & 2031F |
3.8 Grenada Security Labels Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Grenada Security Labels Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Grenada Security Labels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing concerns about counterfeit products and tampering in the market |
4.2.3 Stringent government regulations mandating the use of security labels on products |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing security label solutions |
4.3.2 Lack of awareness about the benefits and importance of security labels among small and medium enterprises |
5 Grenada Security Labels Market Trends |
6 Grenada Security Labels Market Segmentations |
6.1 Grenada Security Labels Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Security Labels Market Revenues & Volume, By Barcode, 2021-2031F |
6.1.3 Grenada Security Labels Market Revenues & Volume, By Holographic Labels, 2021-2031F |
6.1.4 Grenada Security Labels Market Revenues & Volume, By Radio Frequency Identification (RFIDs), 2021-2031F |
6.1.5 Grenada Security Labels Market Revenues & Volume, By Electronic Article Surveillance (EAS), 2021-2031F |
6.1.6 Grenada Security Labels Market Revenues & Volume, By Near Field Communication (NFC), 2021-2031F |
6.1.7 Grenada Security Labels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Security Labels Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Security Labels Market Revenues & Volume, By Plastic, 2021-2031F |
6.2.3 Grenada Security Labels Market Revenues & Volume, By Foam (EPS), 2021-2031F |
6.2.4 Grenada Security Labels Market Revenues & Volume, By Foil, 2021-2031F |
6.2.5 Grenada Security Labels Market Revenues & Volume, By Paper, 2021-2031F |
6.3 Grenada Security Labels Market, By Pattern Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Security Labels Market Revenues & Volume, By VOID, 2021-2031F |
6.3.3 Grenada Security Labels Market Revenues & Volume, By Checkboard, 2021-2031F |
6.3.4 Grenada Security Labels Market Revenues & Volume, By Destructible, 2021-2031F |
6.3.5 Grenada Security Labels Market Revenues & Volume, By Other Customized Patterns, 2021-2031F |
6.4 Grenada Security Labels Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Security Labels Market Revenues & Volume, By Bottles & Jars, 2021-2031F |
6.4.3 Grenada Security Labels Market Revenues & Volume, By Boxes & Cartons, 2021-2031F |
6.4.4 Grenada Security Labels Market Revenues & Volume, By Bags & Pouches, 2021-2031F |
6.4.5 Grenada Security Labels Market Revenues & Volume, By Other Containers, 2021-2031F |
6.5 Grenada Security Labels Market, By End-use Industry |
6.5.1 Overview and Analysis |
6.5.2 Grenada Security Labels Market Revenues & Volume, By Food & Beverage Industry, 2021-2031F |
6.5.3 Grenada Security Labels Market Revenues & Volume, By Healthcare & Pharmaceutical Industry, 2021-2031F |
6.5.4 Grenada Security Labels Market Revenues & Volume, By Chemicals & Fertilizers Industry, 2021-2031F |
6.5.5 Grenada Security Labels Market Revenues & Volume, By Electrical & Electronics Industry, 2021-2031F |
6.5.6 Grenada Security Labels Market Revenues & Volume, By Personal Care & Cosmetics Industry, 2021-2031F |
6.5.7 Grenada Security Labels Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Security Labels Market Import-Export Trade Statistics |
7.1 Grenada Security Labels Market Export to Major Countries |
7.2 Grenada Security Labels Market Imports from Major Countries |
8 Grenada Security Labels Market Key Performance Indicators |
8.1 Rate of adoption of security labels across different industries |
8.2 Number of reported cases of counterfeit products identified and prevented by security labels |
8.3 Percentage increase in demand for tamper-evident labels from key end-user industries |
9 Grenada Security Labels Market - Opportunity Assessment |
9.1 Grenada Security Labels Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Security Labels Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Grenada Security Labels Market Opportunity Assessment, By Pattern Type, 2021 & 2031F |
9.4 Grenada Security Labels Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Grenada Security Labels Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Grenada Security Labels Market - Competitive Landscape |
10.1 Grenada Security Labels Market Revenue Share, By Companies, 2024 |
10.2 Grenada Security Labels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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