Market Analysis
The Laminated Labels Market is likely to touch USD 100 billion at a 4% CAGR in the forecast period 2020- 2027, as per the current Market Research Future (MRFR) analysis. Labels are used for displaying information in the form of electronic, graphic, or written communication on the product package. The laminate label is completely transparent and offers protection against the wrinkles, tears, moisture, grease, oil, dirt, abrasions, marks, smudges, fingerprints, spills, stains, and other contaminants. Laminated labels offer ultimate longevity and durability when weather exposure and high friction are the key concerns. These labels are resistant to ultraviolet radiations and extreme temperatures and adeptly withstand harsh conditions that otherwise would cause physical damage to non-laminated items.
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Various factors are fuelling the global laminated labels market share. As per the latest MRFR market estimates, such factors include the growing need for consumer product, rising logistics, growth in manufacturing activities, increasing industrial applications, increasing use in different end user industries such as home and personal care, consumer durables, and food and beverage, and increasing preference for a semi-gloss/matte finish in laminates over glossy labels. The additional factors fuelling market growth entails the growth of the e-commerce, increasing consumer awareness, growing product innovations, rising advanced technology in retail operations to improve the efficiency of various products, cost-efficient nature, rising online shopping, transparency labeling, expanding demand for manufactured goods, and rise in disposable income.
On the contrary, lack of awareness, varying cost of raw material, impact of the COVID-19 pandemic, and related risk in the capital investment may limit the global laminated labels market growth over the forecast period.
Key Players
The notable players profiled in the global laminated labels market report include Stickythings Limited, Flexcon Company, Inc., Bemis Company, Inc., Torraspapel Adestor, R.R. Donnelley & Sons Company, Coveris Holdings S.A., Constantia Flexibles Group GmbH, 3M Company, CCL Industries Inc., and Avery Dennison Corporation, among others.
The global laminated labels market is fragmented as well as competitive due to the presence of many domestic & international industry players. They have incorporated assorted strategies to stay at the forefront and also cater to the surging needs of the customers like collaborations, contracts, partnerships, new product launches, geographic expansions, joint ventures, and more. Additionally, these players are also incurring heavy investments in R&D activities for strengthening their portfolios as well as creating a hold in the market.
Market Segmentation
The Market Research Future report throws light on an inclusive segmental analysis of the global laminated labels market based on printing technology and application.
By printing technology, the global laminated labels market is segmented into lithography, flexographic, digital printing, and others. Of these, the digital printing segment will lead the market over the forecast period.
By application, the global laminated labels market is segmented into pharmaceuticals, personal care, consumer goods, food and beverages, and others. Among these, food and beverage will dominate the market over the forecast period.
Regional Analysis
By region, the global laminated labels market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, the APAC region will spearhead the market over the forecast period. Growing food and beverage and consumer durables industry, growing economy, rapid industrialization, rising disposable income, change in lifestyle, rising food chain and pharmaceuticals network, increasing disposable income, favorable demand for consumer products in China and India, Japan moving towards convenience products, growing need for retail-ready products, rising population, and increasing investment in the manufacturing sector in China and India are adding to the global laminated labels market growth in the region.
In North America, the global laminated labels market is predicted to have notable growth over the forecast period for the increasing need for laminated labels from packaging and food and beverage industries.
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