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  • Published On : Nov 2022
  • Code : CMI4776
  • Industry : Packaging
  • Pages : 150
  • Formats :

Laminated labels cover details about the product such as product name, address, market information, ingredients, QR code, barcode, etc. The major components of laminated labels are topcoat, adhesive, face stock, backing, and the substrate, on which the label is adhered to. It covers the printed face stock. Moreover, laminated labels protect the imprints and offer better protection than coatings.

Global laminated labels market was valued at US$ 26843.98 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.04 % during the forecast period (2022 to 2030).

Drivers

Robust growth in the e-commerce industry is expected to propel the market growth of laminated labels. The online retail industry is one of the largest segments and is growing day by day. Online industry composed of various end-use industries and manufacturers from these industries need to advertise in order to create brand awareness and product through labels. Thus, growth in the e-commerce industry is expected to foster the market growth of the laminated labels.

High preferences for the industrial label is expected to foster the market growth of the laminated labels. According to the Coherent Market Insights analysis, the industrial label market is expected to register a CAGR of around 4.5% over the forecast period. Furthermore, most of the demand for industrial labels are expected to arise from developing regions the Asia Pacific and Latin America—creating new market opportunities for laminated labels companies around the globe.

Asia Pacific held dominant position in the global laminated labels market in 2021, accounting for 37.0% share in terms of revenue, followed by Europe and North America, respectively. The growth is attributed to growing e-commerce industry around the globe.

Figure 1. Global Laminated Labels Market Value Share (%), By Region, 2021

Global Laminated Labels Market Value Share (%), By Region

Market Restraints

Availability of substitutes that can easily replace laminated labels in the packaging industry. Flexible packaging and pouches are packaging products that do not require additional labels on the packed product. Moreover, labels with varnish coatings are used, in order to obtain high gloss finish, which is expected to lower demand for laminated labels.

High competition in the market has decreased the profitability margins of laminated labels manufacturers. Owing to the high competition, the major end-use industries are selling their products at low cost, which is resulting in low-profit margins for label manufacturers. Thus this is affecting the overall the profitability of the manufacturer, therefore restricting the market growth.

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Laminated Labels Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 26843.98 Mn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 6.04 % Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa 
Segments covered:
  • By Material Type: Polyester, Vinyl, Polycarbonate, Polypropylene and Others
  • By End Use Industry: Food and Beverages, Pharmaceuticals, Home and Personal Care, Consumer Durables, Retail Labels, and Others (Apparels and Textile, Industrial Lubricants, Paints and Gift)
  • By Type of Ink: Water Based, Solvent Based, Hot Melt Based, and UV Curable
  • By Printing Technology: Digital, Flexography, Lithography, and Others (Print) 
Companies covered:

Avery Dennison Corporation, Coveris Holdings S.A., CCL Label, Inc., Constantia Flexibles Group GmbH, Cenveo Corporation, Hub Labels, Inc., ImageTek Labelsm, SheetLabels.com, Langley Labels, and Reflex Labels 

Growth Drivers:
  • Growing demand for industrial labels
Restraints & Challenges:
  • Availability of substitutes

Market Trends

Pressure-sensitive labels as sophisticated labeling technologies are gaining traction in the market. Pressure-sensitive technology offers label shape, multi-process imaging, speedy automatic, and accurate dispensing especially for premium labeling applications. Pressure-sensitive technology is highly preferred over other technologies especially in informative labeling applications. For instance, in track and trade barcoding, in-store price weight applications, etc.

The advent of in-mold labeling in the labeling industry is expected to drive the market growth of the laminated labels. In-mold labeling include the manufacturing process, where containers are produced and labeled at the same time and thus require high-speed injection and blow molding with robotics assistance. Most brand owners prefer in-mold labeling method, as it is useful for high-volume containers and also reduces the weight and cost of the packaging process.

Figure 2. Global Laminated Labels Market value Share (%), By Printing Technology, 2021

Global Laminated Labels Market value Share (%), By Printing Technology

Recent Developments

  • In May 2021, Lux Global Label Asia Pte. Ltd., located in Singapore, was acquired by CCL Industries Inc., a global provider of specialty label, security, and packaging solutions for enterprises, government institutions, small businesses, and consumers
  • In September 2021, Constantia Flexibles, an Austria-based company, launched a PE film with an 80% recycled content generated from production waste from its EcoLam laminates.
  • In November 2019, Avery Dennison Performance Tapes launched its Lamination Adhesives range, which enables long-lasting labels to maintain important product. Safety warnings, operating instructions, serial numbers, and warranty information, for example, are all preserved by these laminations, allowing them to remain visible on products with a product life of over three years.

Competitive Section

Major players operating in the global laminated labels market include Avery Dennison Corporation, Coveris Holdings S.A., CCL Label, Inc., Constantia Flexibles Group GmbH, Cenveo Corporation, Hub Labels, Inc., ImageTek Labels, SheetLabels.com, Langley Labels, and Reflex Labels. 

Laminated labels are utilized in an assortment of uses, which include soft drinks, iced tea, liquor, beer, wine, and others. They are also utilized to display promotional information, such as business information, contact information, special offers, and others. Many companies use them because they are easy to produce, inexpensive, and have a very high production rate.

Market Dynamics

Rapid growth in the manufacturing sector is driving growth of the laminated labels market. Moreover, growing e-commerce industry across developing regions is expected to fuel growth of the market. According to the India Brand Equity Foundation, e-commerce has transformed the way business is done in India. The Laminated Labels Market is expected to reach US$ 45390.27 Million by 2030 from US$ 26843.98 Million in 2021. the growth for the industry is attributed to increase in internet and smartphone penetration.

However, the availability of substitutes is expected to hinder growth of the laminated labels market.

Key features of the study:

  • This report provides in-depth analysis of the laminated labels market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global laminated labels market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Avery Dennison Corporation, Coveris Holdings S.A., CCL Label, Inc., Constantia Flexibles Group GmbH, Cenveo Corporation, Hub Labels, Inc., ImageTek Labelsm, SheetLabels.com, Langley Labels, and Reflex Labels
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global laminated labels market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global laminated labels market

Detailed Segmentation:

  • Global Laminated Labels Market, By Material Type:
    • Polyester
    • Vinyl
    • Polycarbonate
    • Polypropylene
    • Others
  • Global Laminated Labels Market, By End Use Industry
    • Food and Beverages
    • Pharmaceuticals
    • Home and Personal Care
    • Consumer Durables
    • Retail Labels
    • Others (Apparels and Textile, Industrial Lubricants, Paints and Gift)
  • Global Laminated Labels Market, By Type of Ink:
    • Water Based
    • Solvent Based
    • Hot Melt Based
    • UV Curable
  • Global Laminated Labels Market, By Printing Technology:
    • Digital
    • Flexography
    • Lithography
    • Others (Print)
  • Global Laminated Labels Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia-Pacific
    • Middle East & Africa
  • Company Profiles
    • Avery Dennison Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Coveris Holdings S.A.
    • CCL Label, Inc.
    • Constantia Flexibles Group GmbH
    • Cenveo Corporation
    • Hub Labels, Inc.
    • ImageTek Labels
    • com
    • Langley Labels
    • Reflex Labels

Frequently Asked Questions

Global laminated labels market was valued at around US$ 26843.98 Million in 2021.
Growing demand for industrial labels and expanding e-commerce industry are the factors fuelling the market. 
Pressure-sensitive labels as sophisticated labelling technologies are gaining traction in the market.
Availability of substitutes is expected to hinder growth of the market. 
Major players operating in the market include, Avery Dennison Corporation, Coveris Holdings S.A., CCL Label, Inc., Constantia Flexibles Group GmbH, Cenveo Corporation, Hub Labels, Inc., ImageTek Labelsm, SheetLabels.com, Langley Labels, and Reflex Labels.
The market is estimated to grow at around 6.04 % CAGR in the forecast period (2022-2030).

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