Laminated Labels Market Analysis

Laminated labels cover details regarding 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.

The Global Laminated Labels Market is projected to surpass US$ 37,741.8 million by the end of 2028, in terms of revenue, growing at CAGR of 5.1% during the forecast period (2021 to 2028).

Drivers

Robust growth in the e-commerce industry is propelling the market growth of the laminated labels. The online retail industry is one of the largest segments and is growing day by day. Online industry composed of various end-user 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 projected 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 label companies around the globe.

Asia Pacific held dominant position in the Global Laminated Labels Market in 2020, accounting for 37.0% share in terms of revenue, followed by Europe and North America, respectively. As a result of growth in the e-commerce industry around the globe.

Figure 1. Global Laminated Labels Market, Revenue Share (%), By Region, 2020

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 also being used in order to obtain high gloss finish which is hampering the demand for the laminated label.

High competition in the market has decreased the profitability margins of laminated labels manufacturers. Owing to the high competition the major end-user 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.

Market Opportunities

The advent of nanotechnology in label and packaging applications is expected to provide lucrative opportunities over the forecast period. Spy dust or nanotaggants are used for invisible brand protection coding and also smart indicator labels to show changes in temperature. Moreover, producers are developing new methods in which nano-scale particles are directly dispersed into the fluids, and this can be used as an ink or coating materials.

The increasing use of smart labels with RFID is expected to bring bright opportunities in the near future. RFID is used to track the goods during the supply chain, tracking parts going to a production line, cashless payment systems, etc. Moreover, smart labels are gaining tremendous demand from healthcare industry due to emerging standards. Thus, the growing use of smart labels with RFID is expected to foster the market growth of the laminated labels in the near future.

Laminated Labels Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2019:	US$ 25,406.0 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	5.1%	2028 Value Projection:	US$ 37,741.8 Mn
Geographies covered:	North America Latin America Europe Asia Pacific Middle East and 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 label
Restraints & Challenges:	Availability of substitute

Figure 2. Global Laminated Labels Market – Opportunity Analysis

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 stimulating 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 the in-mold labeling method as it is useful for high-volume containers and also reduces the weight and cost of the packaging process.

Figure 3. Global Laminated Labels Market, Revenue Share (%), By Printing Technology, in 2020

Key Takeaways of the Graph:

• The Flexography held dominant position in the market and accounted for 49.8% share in the Global Laminated Labels Market in 2020. The segment is expected to reach US$ 18,811.7 million in 2028.
• The growing adoption of laminated labels for consumer durables is augmenting the market growth. Moreover, expanding retail out across developing region also require private labels as it helps manufacturer in gaining maximum share. All these factors driving market growth of laminated label.
  

Global Laminated Labels Market - Impact of Coronavirus (Covid-19) Pandemic

The ongoing COVID-19 pandemic has had a major impact on the Digital printing industry, as well as the expansion of the global Laminated Labels market. The market has been impacted by the unexpected closure of end user industry including Food and Beverages, Consumer Durables, which has resulted in a loss of operational efficiencies and value chain disruptions. However, while the pandemic has had an influence on supply chain operations, it has also produced a demand form Pharmaceuticals industry, resulting in a less restrain to global laminated labels market during Covid-19 Pandemic.

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.

Few Recent Developments

• In November 2019, Avery Dennison Performance Tapes has 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 more than three years.
• In May 2021, Lux Global Label Asia Pte. Ltd., located in Singapore, has been acquired by CCL Industries Inc., a global producer in specialty label, security, and packaging solutions for global enterprises, government institutions, small businesses, and consumers.
• In September 2021, Constantia Flexibles, an Austrian company, has launched a PE film with an 80 percent recycled content generated from production waste from its EcoLam laminates.