Laminated Labels Market

Laminated Labels Market Size (2023-2028):

The laminated labels market was valued at $ 75.56 billion in 2022 and is determined to reach $ 94.52 billion in 2028, progressing at a CAGR of 4.94% from 2023-2028.

Labels are employed to display information in the form of electronic, written, or graphic communication on product packaging. With the increasing call for quality and convenient food products, people are opting for packaged food products, where product information and other details such as nutritional information and dates of manufacture and expiration are printed. The Asia-Pacific region had the highest share of all regions in 2021. This is mainly due to the emerging economies of China and India, as well as the growing applications of laminated labels in the food and beverage and consumer durables industries.

Laminated Labels Market Trends:

The laminated labels market is developing in accordance with the expansion trends of the processing and packaging industries. Factors such as a growing call from the fresh food and beverage packaging industry, a call for pharmaceutical supplies, consumer durables, and logistics applications, growing consumer awareness, and the expansion of the e-commerce industry have driven market expansion for laminated labels.

Laminated Labels Market Drivers:

Growing call for laminated labels in various applications in many end-user industries, including food and beverage and pharmaceuticals, due to the display of product information such as barcode, unit cost, real-time pricing, date of manufacture, expiration date, etc. The mentioned factor is one of the main factors likely to drive the worldwide laminated labels market during the foreseen period. In addition, the expansion of product innovations and the increase of advanced technology in retail operations to improve the efficiency of various products is supposed to drive the laminated labels market in the coming years. In addition, certain advantages of the product, such as its cost-effective nature, escalated online shopping, and transparency of labeling so that customers are aware of the product, maybe another factor that is supposed to drive the expansion of the worldwide laminated labels market during the forecast period. The market has experienced a growing trend of integration along the value chain through the manufacture and distribution of products. Additionally, industry participants use various strategies including mergers and acquisitions and expansion of production capacity to gain market share.

Laminated LabelsMarket Restraints:

The lack of knowledge of the different types of labeling techniques contributes to reducing the call for this type of label. New packaging printing technology itself is holding back the call for laminated labels.

Opportunities in the Laminated Labels Market:

The growing call for the product comes from the food and beverage industry, logistics applications, and the rising use of laminated labels in consumer durables are some of the factors that can enhance the expansion of the Laminated Labels market during the period foreseen 2022 - 2027. On the other hand, the expansion of e-commerce and growing consumer awareness will create more new opportunities for the development of the laminated label market during the outlook period. The growing preference for a semi-gloss or matte finish on laminates over glossy labels due to easy barcode scanning on a matte-finish label is a major trend in the laminates segment over the last decade. The aesthetics and high performance of constantly evolving pressure-sensitive technologies are estimated to further stimulate product calls.

Challenges in the Laminated Labels Market:

Various environmental mandates on the basis of label printing in various regions and the escalating price of raw materials are major constraints faced by makers in the laminated labels market.

LAMINATED LABELS MARKET REPORT COVERAGE:

Laminated LabelsMarket Segmentation:

By Composition:

• Facestock

• Adhesive

• Release Liner

The face stock is the printable part of the label, it accounted for most of the worldwide laminated labels market in terms of revenue. Facestock contributed more than 40% of the market share, due to its ability to act as a protective laminate and provide a barrier against moisture or vapor.

By Printing Ink:

• Water-Based

• Solvent-Based

• Hot Melt-Based

• UV Curable

UV curable ink should grow at the fastest speed during the projection period in the international laminated labels industry.

By Printing Technology:

• Digital

• Flexographic

• Lithography

By Form:

• Reels

• Sheets

Laminated labels sold in reel form dominated the market in 2021, with a volume exceeding 36 billion square meters, and the trend is predicted to continue during the envisioned period. Most label application equipment uses reel-shaped labels for large-scale labeling purposes. This is supposed to increase the call for coil-shaped products.

Laminated Labels Market Regional Analysis:

The Laminated Labels Market Report includes the segmentation of Regions:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

The Asia-Pacific laminated label market has a significant share of worldwide market revenue and is predicted to maintain its dominance over the foreseen period. Rapid industrialization, along with the expansion of the food and beverage, pharmaceutical, and other sectors in the region, is predicted to drive revenue expansion from the Asia-Pacific laminated labels market during the outlook period. China and India are estimated to account for a significant portion of revenue, which in turn supports the expansion of the worldwide laminated labels market in the region. The Asia Pacific market is likely to grow at a faster rate during the foreseen period. The North American markets are anticipated to grow faster than the European market, due to the escalating calls for laminated labels from the food and beverage and packaging industries operating in the countries of this locale.

Asia-Pacific is the largest and most dynamic market for laminated labels, followed by Europe. Emerging countries like China and India will boost the laminated labels market. Expansion in the region is driven by expansion in food and beverage, consumer durables and other industries, and economic expansion. There has been escalated foreign direct investment and favorable government policies in China and India is predicted to drive market expansion in Asia-Pacific. The implementation of the regulations governing the labeling and packaging requirements in accordance with the CLP Regulation on Classification, Labeling, and Packaging of Substances and Mixtures is supposed to drive the expansion of the laminated labels market in the area. Europe is predicted to represent the second largest part of the laminated labels market. The market in Europe is driven by countries such as Germany, the United Kingdom, France, Italy, and Spain. Germany is foreseen to see the strongest expansion during the foreseen period due to escalating call for premium film and laminate labels.

Impact of Covid-19 on the Laminated Labels Market:

Around the world, uncertain conditions persist, but companies are beginning to open. With consumers forced to isolate themselves at home, the call for products through e-commerce sites has exploded. As we begin to recover, the call for products through e-commerce sites is likely to continue, as is the call for folding and corrugated packaging to ship these products. The COVID-19 pandemic has escalated the call for flexible packaging, which is considered more hygienic due to limited handling. One more positive output has been the rise in food and beverage delivery services which also expands the employment of this kind of disposable packaging. Labels are part of supply chains for basic needs and are an essential tool for conveying information. As a result, the market has seen escalated calls for labels for food, hygiene, and pharmaceuticals, as well as labeling information related to online sales. Short runs on a regular and growing basis have become the norm.

Laminated Labels Market Key Players:

The laminated labels ecosystem comprises companies such as

• 3M Company (U.S.)
• Avery Denison Corporation (U.S.)
• Coveris Holdings S.A. (U.S.)
• CCL Industries Inc. (Canada)
• Constantia Flexible Group GMBH (Austria)
• RR Donnelley & Sons Company (U.S.)
• FLEXcon Company, Inc. (U.S.)
• Bemis CompanyInc. (U.S.)
• Sticky things Limited (U.K.)
• TorraspapelAdestor (Spain)