"Overview of Laminated labels market"
Demand for Laminated Labels Market was valued at US$ 83.5 Bn in 2018. It is projected to witness a CAGR of ~4.5 % during the forecast period (2019-2027)
Laminated labels are commonly used on products that are exposed to chemicals and extreme environments such as dust and other factors. Laminated labels have seen increased use in industrial applications, as it guarantees that the mark remains visible and also that the label remains intact for a longer period as compared to non-laminated labels. The market has seen a growing trend of incorporation across the value chain through the manufacture and distribution of the goods. In addition to this, industry players implement various strategies to gain market share, including mergers & acquisitions and the expansion of production capacities.
Increased preference for a semi-gloss or matte finish in laminates over a glossy label due to fast scanning of bar code on a matte finish label is one of the major trends in the laminate segment over the forecast period. Aesthetics and high performance from emerging pressure-sensitive technologies are expected to further fuel product demand.
Laminated label manufacturers provide the versatility of custom label brands to provide comprehensive product information as per customer requirements.
In addition to this, growth in retail outlets, such as the hypermarket and superstore, has increased the 360-degree product packaging that has boosted the development of global laminated label market.
Facestock Segment Had Accounted For A Significant Share Of More Than 40% In 2018 And Is Expected To Remain Dominant During The Forecast Period
The facestock is the printable component of the product, accounting for the largest share of the global market for laminated labels in terms of revenue. It has the abiity to serve as a protective laminate and to provide a barrier to moisture of vapor. It is generally placed as the top layer of a laminated label and acts as a spacer in a layered construction.
Reel Segment Had Accounted For A Significant Share Of More Than 90% In 2018 And Is Expected To Remain Dominant During The Forecast Period
Laminated Labels sold in the form of reels that has dominated the market with volumes approaching around 35 bn square meters and the trend is expected to continue over the forecast period.
Food And Beverages Segment Had Accounted For A Significant Share Of More Than Xx% In 2018 And Is Expected To Remain Dominant During The Forecast Period
It is expected that rising demand for waterproof labeling and labels used on refrigerated and frozen items would boost product demand for food & beverage applications. Also, there is high growth of food and beverage market that boosts the adoption of these labels in the industry. Laminated labels are rapidly adopted in various sectors including food and beverage owing to the benefits offered by laminated labels over alternatives available in the market. Also, these laminated labels are mandatory in few cases where it is important to show the ingredients available in the food product as per various regulations in countries.
Asia Pacific Is Likely To Dominate The Global Envelope Paper Market During Forecast Period
Growth in this region is driven by rising food & beverage, durables for customers and the pharmaceutical sector. Moreover, China and India are also expected to experience robust growth.
Increasing foreign direct investment and favorable government policies implemented in China and India are expected to boost Asia Pacific business growth. Implementation of regulations controlling the labeling and packaging criteria in compliance with the CLP Regulation on the classification, labeling and packaging of substances and mixtures is expected to increase growth in the laminated label market in region.
Competition Landscape analysis:
Some of the major players in the global laminated label market include Ameet Metaplast Pvt Ltd., Vintech Polymers Pvt Ltd. Fort Dearborn Group, Inland Packaging, Westrock Company, Roll-on mark, Kris Flexipacks, Grip Tight Packaging Pvt. Ltd., Traco Manufacturing Inc., Leading Edge labels & packaging, Mondi company, Jasin Pack, TCPL Packaging Limited, Cosmo Films, Constantia flexible packaging, CPM Internacional S.A., B&H Manufacturing Company, Inc. Tilak Polypack Pvt.⠀
Laminated Labels Market Segmentation
Laminated Labels Market by composition:
- Release liner
Laminated Labels Market by printing ink:
- Water based ink
- UV-curable based ink
- Solvent-based ink
- Hot-melt-based ink
Laminated Labels Market by forms:
Laminated Labels market by applications:
- Food and beverages
- Consumer durables
- Home and personal care
- Retail labels
Laminated Labels Market by regions:
- North America
- Latin America
- Middle East & Africa