Global Laminated Labels Market Analysis & Trends : Industry Forecast up to 2024
Packaging industry has transformed significantly over time, packaging has emerged from ‘just a need’ to an ‘integral part of product strategy’. Packaging plays a pivotal role in product marketing, and have significant impact on overall product sales. Hence, packaging has emerged as an important factor to compete in fast moving consumer goods and other related market. Innovation and use of technology in packaging is as important as that in product development. Need for highly resistive, flexible, durable, attractive and consumer-engaging packaging led to the introduction of laminated labels in the packaging industry. Manufacturers, especially of consumer goods, adopted laminated labels packaging due to its high receptivity among the consumers. Laminated labels are available in large variety and offers resistant to high moisture, friction, solvent and weathering exposure. Laminated labels are manufactured using polyesters, polypropylene and other laminates. High demand for consumer goods and consumer durables packaging and growing pharmaceuticals industry aid in proliferating the sales volume in the global laminated labels packaging market.
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Laminated Labels Market: Market Dynamics
Food and beverage sector with the maximum product range and highest consumption pattern is the major driver of laminated labels packaging, globally. Pharmaceutical and medical sector with the next bigger product portfolio stands second in boosting the sales of laminated labels packaging. Apart from these sectors, laminated labels packaging sales are fuelled by increasing demand from automobile, furniture, paints and electronics industries. Capital intensive nature of laminated labels packaging and presence of other economic packaging equipment may restraint growth of the laminated labels packaging market. Recent economic downturns across various countries in developed and developing region could hamper the growth of the market. Factors such as increase in sales of packaged food products, beverages, electronic products, clothing merchandise and wooden products, will stimulate the growth of laminated labelspackaging market globally.
Laminated Labels Market: Segmentation
The global laminated labelspackaging market is segmented by material type, composition, printing ink type, technology and by end-user.
Based on the material type the global laminated labelspackaging market is segmented into:
Based on the composition the global laminated labelspackaging market is segmented into:
Based on the printing ink type the global laminated labelspackaging market is segmented into:
Based on the printing technology the global laminated labelspackaging market is segmented into:
Laminated Labels Market: Regional outlook
In terms of geography, the global laminated labelspackaging market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan (APEJ), Japan and Middle East & Africa (MEA). The Asia-Pacific laminated labelspackaging revenue contribution to the global laminated labelspackaging market is expected to be the maximum by the end of forecast period owing to increased demand of laminated labelspackaging from food and beverage industry. North America and Europe are expected to create significant opportunities for laminated labelspackaging manufacturers owing to increased demand for laminated labelspackaging in shopping goods, and healthcare sectors. The demand for laminated labelspackaging for electronics and furniture applications in developing economies such as Brazil, Mexico in Latin America will drive the revenue sales of laminated labelspackaging, in the region. Middle East and Africa (MEA) is also expected to foster growth, however at a substantial rate over the forecast period.
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Laminated Labels Market: Key players
Some of the major players identified in the global laminated labels market includes Eskay flex, Cosmo films, 3M, Avery Dennison Corporation, Coveris Holdings, Constantia Flexible Group, CCL industries Inc, RR Donnelley and Sons Company, MG Packaging, Woelco Labeling Solutions Inc., Langley Labels, Stickythings Limited, etc.
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