Packaging plays an essential role in product branding and promotion. It has traveled a long journey from just a requirement of the business strategy to an essential part of the business strategy. Hence, it is evolving as an important part of improving product sales in the global market. Packaging labels is important to compete with other major market players. With innovative market strategy and developing technology, laminated label packaging has been introduced in the market. This type of packaging is highly resistive, more attractive, consumer-engaging, flexible and durable. Escalating demand for pharmaceuticals, FMCG and consumer durables products will enhance the growth ot the market during the forecast period
According to Data Bridge Market Research, the Laminated Labels Market witnessed a healthy CAGR of 4.33% from 2022 to 2029.
“Increasing adoption of the laminated label in FMCG sector is expected to drive the market growth”
Labeling is an important part of marketing, deeply influencing customer buying behavior. With the increasing pool of brand choices in FMCG sector, designers and brand managers are exploring ways to attract more customers. With the latest technologies, the, manufacturers are making their way into the FMCG sector; the FMCG sector is supposed to continue its progress in sales. Therefore, owing to increasing sales and growth, smart technologies and technological developments including laminated labels are widely embraced in the FMCG sector. Laminated labels provide complete information about product on store shelves without any weathering, mechanical stress, and chemical influences. These laminated labels also ensure supply-chain integrity and authenticity while creating distinct opportunities for brands to involve customers in the FMCG sector. Therefore, increasing adoption of laminated label in FMCG sector is expected to drive the market growth drive the market growth
What restraints the growth of laminated labels market?
“Availability of alternative products”
Availability of alternatives products of laminated labels such as flexible packaging, glossed labels and pouches that can easily substitute laminated labels in the packaging industry. Pouches and flexible packaging are those products that do not require any additional labels on the packaged product. Similarly, the packaging industry uses glossed labels to create high gloss finishes. As a result of all these factors, the demand for the laminated labels decreases which is expected to hamper the market growth.
Segmentation: Laminated Labels Market
The laminated labels market is segmented on the basis of composition, printing ink, printing technology, form and application.
- On the basis of composition, the market is segmented into facestock, adhesive, release liner, raw materials for laminated labels.
- On the basis of printing ink, the market is segmented water-based ink, UV-curable based ink, solvent-based ink and hot-melt-based ink.
- On the basis of printing technology, the market is segmented into digital printing, flexographic printing, gavure printing, screen printing, lithography printing, offset printing and letterpress printing.
- On the basis of form, the market is segmented into reels and sheets.
- On the basis of application, the market is segmented into food and beverage, consumer durables, home and personal care, pharmaceuticals, retail labels and others.
Regional Insights: North America is expected to dominate the laminated labels market
North America is expected to dominates the market and is expected to grow significantly because of growing population in this region. Moreover, increasing demand of laminated labels from food and beverages sector will further boost the growth of the laminated labels market in this region.
In addition, the Europe region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to the growth and expansion of food and beverages industry in this region. Furthermore, rising economy and growth in the consumer durables and other industries will positively influence the market growth in this region.
Recent Developments: Laminated Labels Market
- In 2021, CCL Industries, a provider of packaging solutions and speciality label, security solution, acquired LUX Global Label’s business unit Lux Global Label Asia based in Singapore to develop its operations in the region. LUX is involved in the manufacture of decorative labels for global customers in the ASEAN region.
- In 2021. Constantia Flexibles, an Austria based, has launched polyethylene film with 80%recyclable content. With this launch, Constantia flexibles shows that packaging can offer a high recyclability and a high barrier, which are an important step towards a circular economy.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-laminated-labels-market
The Prominent Key Players Operating in the Laminated Labels Market Include:
- AVERY DENNISON CORPORATION (U.S.)
- CCL Industries (Canada)
- 3M (U.S.)
- Constantia Flexibles (Austria)
- Coveris (U.K.)
- Bemis manufacturing company (U.S.)
- FLEXcon Company, Inc. (U.S.)
- Stickythings Limited (U.K.)
- Lecta Adestor (Spain)
- H.B. Fuller Company (US)
- DUNMORE (US)
- Cenveo Worldwide Limited (U.S.)
- Saint-Gobain Group (France)
- HP Development Company, L.P. (U.S.)
- Xerox Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list laminated labels market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Laminated Labels Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
