In-mold labels (IML) are used for labeling or decoration of an object, while it is formed in the mold. Integration of decoration process and molding process cuts total production cost, however, increases manufacturing time. In-mold labels are designed to provide flexibility and lower production costs over conventional post-molding labels and decorating technologies. IML uses a variety of colors, special effects, and textures. IML are durable and aesthetically appealing. In-mold labeling and decorating is completed using plastic injection molded process, and the films do not undergo any secondary procedures, thus excluding post-molding labeling, labor cost required for decorating, equipment costs, and time. As the packaging and labeling are prepared using the same material, the package is fully recyclable. Due to the lightweight of films and ability to be stacked tightly, it results in decreased delivery discharges, less wasted space, and a much smaller transportation footprint. IML have lesser risk of break waste and is safer than glass and metals. In-mold labeling is gaining popularity, as it is increasingly used as a front-line marketing and branding tool for consumer goods.
Global in-mold label market was valued at US$ 3.96 Bn in 2021 in terms of revenue, exhibiting a CAGR of 5.94 % during the forecast period (2022 to 2030).
Drivers
One of the key factors driving the Global In-Mold Label Market growth is the growing global manufacturing output that has shown
Figure 1. Global In-Mold Label Market Value Share (%), By Region, 2021
Market Restraints
One of the key challenges to the global in mold labelling market growth is the high initial investments. Numerous machines, as well as raw materials, are required for developing in-mold labels of different sizes with varying degrees of flexibility. The demand for new materials and designs from end user companies increases the overall production and manufacturing cost for label vendors. Other costs, such as maintenance costs, training and licensing costs, and costs directly related also require investment, which the manufacturers must do at the initial stage of establishing the business. The general cost of labels is US$ 0.20 to US$ 1.10, while the cost of printing 1,000 labels is US$ 200 to US$ 1,000.
| Report Coverage | Details | ||
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| Base Year: | 2021 | Market Size in 2021: | US$ 3.96 Bn |
| Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
| Forecast Period 2022 to 2030 CAGR: | 5.94 % | Forecast Period: | 2022-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Avery Dennison, CCL Industries, Constantia Flexibles, Jindal Films Americas LLC, Coveris, EVCO Plastics, and Inland labels. |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Market Trends
Advances in in-mold labeling technologies is one of the key in mold labelling market trends that is expected to impact the industry positively in the forecast period. The advances in in-mold labeling technologies, such as 3-D labeling will further boost the demand for in-mold labeling. 3-D labeling increases the depth of draw on the label by 3 inches when compared with conventional films, which have a depth of draw of only 0.5 inches. The innovations result in an increase in the durability of the labels and prevent distortion of the images printed on them. The rising adoption of 3D-printed labels and graphics will increase the demand for in-mold labels during the forecast period.
Figure 2. Global In-Mold Label Market value Share (%), By Material, 2021
Recent Developments
Competitive Section
Major players operating in the global in-mold label market include Avery Dennison, CCL Industries, Constantia Flexibles, Jindal Films Americas LLC, Coveris, EVCO Plastics, and Inland labels.
In-mold label involves the use of labels during manufacturing of containers by processes such as extrusion blow molding, injection molding, and thermoforming. The label works as an integral part of the final product, which is later delivered as pre-decorated item. Combining the decoration process with the molding process not only cuts the total costs, but also increases the manufacturing time.
IML is most commonly used for consumer products that have a short life span, such as food containers, cosmetic and personal care containers and household product containers. The in-mold labels are employed in high speed, thin walled, multi-cavity injection mold machines. The labels are usually printed on polypropylene and are only a few tenths of a millimeter thick.
Market Dynamics
IML is gaining immense traction globally due to the increasing demand for efficient, innovative, and premium labels. This is attributed to the increasing consumer awareness about the trends related to packaged food and rising consumption of containers and bottled packaging. The growth of the IML market is due to its growing customer base and increasing demand for packaged and branded products especially among the emerging markets such as China and India. The advent of e-retail as well as the increasing cross-border trading have helped leading brand-owners to promote sales of their international brands in the fastest-growing economies of Asia Pacific.
Manufacturers that are engaged in offering in-mold labels are focusing on R&D activities, in order to increase their presence in the market. For instance, In April 2019, CCL Industries Inc., a leading global label leader, has acquired Hinsitsu Screen (Vietnam) Company Limited.
Key features of the study:
Detailed Segmentation:
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