Coherent Market Insights

Laminated Labels Market Was Valued at US$ 26843.98 Mn in 2021

Laminated Labels Market Was Valued at US$ 26843.98 Mn in 2021 - Coherent Market Insights

Publish In: Nov 10, 2022

Global laminated labels market was valued at US$ 26843.98 Million in 2021, according to the Global Laminated Labels Market Report, 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)), and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), published by Coherent Market Insights.  

Global laminated labels market was valued at US$ 26843.98 Million in 2021. Laminated labels market is expected to register a CAGR of 6.04 % over the forecast period (2022–2030), to reach US$ 45390.27 Million by 2030.

Laminated labels are material that covers all the essential information associated with the product. It helps in protecting the imprints and makes it readable and intact for a longer time. Laminated labels are durable, as they are produced by using various materials such as polyesters, polypropylene, and other laminating materials. They are widely used across various end-use industries such as pharmaceuticals, food and beverages, consumer durables, and personal care.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/laminated-labels-market-4776

Key Trends and Analysis of the Global Laminated Labels Market:

The influence of social media on labelling and packaging is supporting the market growth. New social media technologies such as image recognition technology are gaining popularity and this is attributed to the growing trend of digitalization around the globe. Image recognition technology helps customers recognize brand labels and images without the names being mentioned in hashtags. In this, first-line messaging is done for brand and companies by the labels. Thus, the influence of social media on packaging and labelling is playing a crucial role in the growth of the market.

Recycling of laminated labels is a growing trend in the market. Governments of various countries, are setting standard for environment, and sustainability in the label industry. Many environmental and sustainability regulations are now implemented in the label industry, in order to ensure the use of more sustainable material and reduce the movement of waste to landfills. Label manufacturers are adopting recyclable material, in order to reduce power consumption and carbon footprints. Thus, growing adoption of recycling of laminated labels across various manufacturer is augmenting the market growth.

Key Takeaways of the Global Laminated Labels Market:

  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the laminated labels market are key strategies adopted by players in the global laminated labels market. For instance, in November 2020, CCL Industries Inc., a worldwide provider in specialty label, security, and packaging solutions for global corporations, government institutions, small businesses, and consumers, announced that it signed a binding agreement to acquire Super Enterprises Printing Sdn. Bnd., a Kuala Lumpur-based printing company with a second manufacturing facility in Guangzhou, China.

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