Global In-mold label market was valued at US$ 2.70 Bn in 2016, according to Global In-mold Label Market Report by Process (Injection Molding, Extrusion Blow Molding and Thermoforming), by Material (Polypropylene, Polyethylene, ABS Resins Polyvinyl Chloride and Others), by Ink Type (UV Curable Inks, Water Soluble Inks, Thermal-cure Inks, and Others) by End-use Industry (Personal Care, Automotive, Food and Beverages, Healthcare, Chemicals, and Others).The in-mold market is expected to register a CAGR of 5.05% over the forecast period (2018–2025) to reach US$ 4.06 Bn by 2025. Increasing customer preference for comparatively lighter and aesthetically appealing packaging solutions is expected to drive in-mold manufacturers to invest in innovative technologies.
Rising environmental concerns and the need for reducing pollution has resulted in adoption of sustainable materials and resins that have been derived from renewable sources as packaging options. Manufacturers are increasingly investing in developing eco-friendly labels, while promoting environmental sustainability. Low in-mold labeling costs, sustainable nature of in-mold labels, and increased demand for packaging from various end-use industries such as the food and beverages industry are key driving factors for growth of the market. Other factors positively affecting growth of the market are increasing demand for packaging from emerging economies such as India and China due to growth of end-use industries including food and beverages, medical and pharmaceuticals amongst others increasing demand for sustainable labels.
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Some of the major players operating in the global in-mold market include Avery Dennison, CCL Industries, Constantia Flexibles, Jindal Films Americas LLC, Coveris, EVCO Plastics, and Inland labels.
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