The global laminated labels market is projected to grow at a CAGR of 5.05% during the forecast period to grow to US$99.829 billion by 2023 from US$78.042 billion is 2018. Laminated labels are labels with a protective layer which are useful for increasing their life-expectancy by holding up in adverse conditions such as moisture, chemicals, solvent, temperatures, and salt spray among others.
Increasing demand for flexible packaging products is driving the demand for laminated labels worldwide. Laminated labels provide protection to the labels from adverse conditions, making it cost-effective for the manufacturers and managers as it saves their time and resources on replacing damaged and faded barcode. Due to the longevity of these labels, its applications are increasingly used in the packaging of products in FMCG, healthcare, consumer electronics, apparel and textile, and home and personal care among other industries.
The demand for laminated labels will rise in the Asia Pacific region due to massive consumption and growing demand for retail-ready products. Moreover, growing investment in the manufacturing sector in the developing economies such as India and China will augment the demand for laminated labels during the forecast period.
The global laminated labels market is highly competitive due to a huge consumer base and presence of well-diversified international, regional, and local players. There is a growing need for an affordable, durable and attractive label for the packaging and display of products which is inviting new players in the market. Intense competition in the laminated labels market is paving the way for adopting competitive strategies by existing corporations to augment their market share.
Some of the major players discussed in this report are 3M, CCL Industries Incorporated, Coveris Holdings S.A., and Avery Dennison Corporation among others.
Segmentation
The global laminated labels market is segmented as composition, material, printing technology, end user industry, and geography.
By Composition:
Adhesive
Facestock
Release Liner
By Material:
Vinyl
Polypropylene
Polyester
UL & UV approved laminates
Others
By Printing Technology:
Flexographic printing
Screen printing
Lithography printing
Digital printing
Others
By End User Industry:
FMCG
Healthcare
Consumer Electronics
Apparel and Textile
Home and Personal Care
Others
By Geography:
North America
South America
Europe
Middle East and Africa
Asia Pacific
Key questions answered by the report
What will be the global laminated labels market size between 2018 to 2023?
How are the major drivers and restraints affecting the global laminated labels market and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
All our studies come with 2 months of analyst support.
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