"The global market for in-mold labels was worth approximately US$ 2.9 billion in 2018 and the market expects to hit a value of US$ 4.4 billion by 2024. Reporting of a CAGR of about 4 % between 2019-2024."
In-mold Labels have opened up new markets for thermoformed plastic containers, injection-molded and blow-molded. IML is a method of printing high-quality in-mold labels at relatively low prices. IML technology drives the In-mold labels market, which offers additional benefits such as waterproof, transparent and permanent molded labels.
Nowadays, consumers have become more conscious of attractive packaging and labeling and are expected to increase market growth in the near future. In-mold labels provide accurate product information; this is one of the main drivers of market growth. This helps to build a brand image for the future and is predicted to see growth in the future. Low-cost in-mold labels are cost-effective for the whole container, which is expected to fuel market demand in the future. Such labels provide the correct product specifications by adding 360-degree graphics to the entire package.
Availability of Digital Printing to Improve the Growth of In-mold Labels Market.
Digital printing for in-mold label printing has been widely accepted by label printing companies and is expected to hold a substantial share of xx% during the forecast period. While offset printing contributes a significant share and benefits from a low cost in the printing of high label volumes, digital printing is ideal for small-volume labels as it meets the requirements of low set-up costs and lower label volumes. Digital printing also has the capability of variable data printing, that is, successively placing different numbers or codes or labels, which are not normally provided by other printing techniques. Digital printing for in-mold labels took a major transformation five years ago with new technology to reduce the cost of high-quality printing even for small label volumes.
In 2018, Polypropylene Segment Dominated the Market and is Predicted to Be the Fastest-Growing Segment of the Market.
Polypropylene (PP) is the main commodity segment of the international market. This improves the value of the product due to its critical moisture-resistant properties. Polypropylene is extremely versatile as a plastic material that can be used in a wide range of plastic containers and labels. Polypropylene has become an important labeling medium due to its efficient moisture resistance properties.
Improved Barrier Property of In-mold Labels.
In-mold labels are made of a sheet of high-barrier material such as EVOH, PVOH or PVDC sandwiched between two layers of polypropylene. This superior barrier makes in-mold labels suitable for food and non-food industries such as pharmaceuticals, automotive additives, personal care products, and others. In turn, this barrier significantly increases the shelf life of packaged food and thus decreases food waste and the capital invested in the labeling process. A light barrier is required for photosensitive drugs. This is accelerating the demand for in-mold labels in the pharmaceutical industry.
Europe Triggers the Growth of Global In-mold Labels Market
Due to increasing use in end-use applications such as industrial packaging and FMCG products, Europe is the leading market for in-mold labels. Rising financial stability has a positive impact on the in-mold label market in this area. Whereas the high demand for in-mold labels from Germany and France due to the development of the manufacturing sector is expected to stimulate the growth of the market in this area.
However, North America is showing a significant increase in the market for in-mold labels and is expected to continue this trend in the future. Furthermore, the rapid growth of the food and beverage industries in the Asia Pacific and Latin America is also expected to fuel the demand in the near future.
Competitive Landscape Analysis:
Some of the key players in the global in-mold label market include Mepco, Avery Dennison Corp., Century Label, Allen Plastic, Holostik India Ltd., Ameri Seal, Color Craft Label Company, Fort Dearborn, CCL Industries Inc, Gilbreth, Color Flex, Bemis Company Inc, Anchor Packaging, Classic Label, Label World, Bothra Industries, Mcc Label, Ameet Metaplast, Consolidated Label, and Axon. Other key players that influence the global market are Wepackit, Karlville Development, LLC, Sovereign Labeling System, Hammer Packaging, Dow Chemical Company, Printpack, Edwards Label, Shrink Sleeve Labels, MRI Packaging, Smyth Companies, MPI Label System, Sleever International, PDC International, SleevCo, Packology, Sleeve Cover. Companies are adopting new approaches like niche product technologies for their success in the market. For example, the UK Converter has launched a removable in-mold label. It may be removed after use or recycled.
In-mold Labels Market Segmentation:
- Blow Molding
- Injection Molding
- Paper and Others
By Printing Method:
By End Use:
- Domestic Care
- Cosmetics & Personal Care
- North America
- Latin America
- Middle East & Africa