In-Mold Labels Market - By Material (Polypropylene, Polyethylene, Acrylonitrile Butadiene Styrene, Polyvinyl Chloride), By Printing Technology (Flexographic, Offset, Gravure, Digital), By Technology, By End-user & Forecast, 2021 - 2027
Report ID: GMI5158
|
Published Date: November 2021
|
Report Format: PDF
Download Free PDF
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2020
Companies covered: 15
Tables & Figures: 276
Countries covered: 16
Pages: 230
Download Free PDF
In-Mold Labels Market
Get a free sample of this report
Get a free sample of this report In-Mold Labels Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
In-Mold Labels Market Size
Global In-mold Labels Market size was registered at USD 1.8 billion in 2020 and is expected to showcase considerable growth at a CAGR of 6.9% from 2021 to 2027 due to changing customer preferences toward branded and quality products.
In-mold labeling is a decorative process during plastic packaging. It is widely used in the manufacturing industry owing to its easy processability, long-lasting & eye-catching appearance, and high impact resistance capacity. The in-mold labeling technique is notably applied for food & beverages, consumer durables, home & personal care products, and the automotive industry to offer maximum durability with a high degree of safety & quality requirements.
In-Mold labels have started penetrating the market of emerging economies as a choice of labels due to growing need of incorporating sustainable labelling solution during packaging solutions. Various consumer durable and personal care industry players are actively looking for in-mold labels as a viable labelling solution. The growing product penetration in various emerging economies will further drive the in-mold labels market.
Growing need for product identification labels in consumer durable goods will cater to the product demand owing to their unique ability to withstand severe conditions. Rising disposable income coupled with the rapid adoption of modern lifestyles is likely to drive demand for consumer durables in recent years. Moreover, consumer electronics manufacturers are focusing on quality products with extended features at affordable prices, specifically in emerging economies.
According to the Retailers Association of India, sales of home appliances and electronics goods surged up by 23.5% at the end of the third quarter of FY21 compared to the same period in FY20. In-mold labels offer significant benefits to manufacturers due to their unique attributes such as product optimization and cost-effectiveness without affecting the product packaging. As the label becomes an integral part of the product, it provides exclusive solutions for product manufacturers to entice consumers and maintain brand identity.
In addition, factors including weather resistance, high resilience, and UV resistance properties for outdoor durable goods will stimulate the need for high-performance in-mold labels to reduce the loss of color quality in harsh weather conditions. Furthermore, the rising trend of decorative molded parts for automotive and consumer electronics is likely to propel the in-mold labels market share over the projected timeframe.
Easy availability of substitute labelling products is likely to restrain the business growth in the near future. Moreover, the recent COVID-19 pandemic has adversely impacted the industry size due to the economic downturn, low labor force, and supply chain disruptions across the globe. However, the lifting of government restrictions and quick recovery of the manufacturing sector will revive the in-mold labels market trends in the coming years.
In-Mold Labels Market Analysis
Based on materials, polypropylene in-mold labels was valued at more than USD 350 million in 2020 and is likely to witness a 7.4% CAGR through 2027. The growth of this material is attributed to the rising demand for in-mold labeling in various end-use industries including automotive, food & beverages, pharmaceuticals, etc. This material is extensively used owing to its non-toxic, moisture resistance, and excellent clarity features, which will predominantly drive the business over the assessment period.
The flexographic printing technology is likely to grow at a rapid rate of 7.5% by 2027 due to its convenience, cost-efficient & high-quality output, this printing technology is gaining popularity in the labeling of mass-produced goods. Flexography can operate on absorbents, non-absorbent, porous, and non-porous materials, which contribute to the segment share and eventually boost the in-mold labels market share in the coming years.
Injection molding segment will witness CAGR of 7.1% during the forecast time period. Injection in-mold label is a suitable process for mass production by injecting molten plastic into the mold and then cooling down to get the desired shape & size. Injection technology allows design flexibility and improves productivity with aesthetic use of colors, effects & textures.
The food & beverage industry will capture a prominent market share over the years and will generate nearly USD 1.4 billion by the end of 2027. Rising public health concerns coupled with product authentication will augment a sharp increase in product demand in the near future. These labels provide a detailed description of the product including source, nutrition, ingredients, and additional information.
Europe in-mold labels market is anticipated to grow at a sustainable rate and will acquire over 45% share through 2027. Countries including Germany, the UK, and France are consistently promoting in-mold technology in their growing packaging and manufacturing industries over the years. The increased penetration of In-mold labels in the region can be explained by the growing demand from various end-user industries.
The outlook for In-Mold labels in Europe remains positive on account of growing adoption of In-mold labels in various consumer durable products. Moreover, favorable government policies toward sustainable packaging and rising financial activities across the region are positively impacting the overall industry size throughout the projected period.
In-Mold Labels Market Share
The in-mold labels industry participants are actively involved in mergers & acquisitions to widen their market presence and uplift their revenue generation. The companies are also expanding their production capacity to meet the exceeding demand. In order to adapt to changing customer requirements, in-mold label manufacturers are forming strategic partnerships and increasing their research and development activities.
Production capacity expansion has been carried out to meet the growing demand for in-Mold labels by various market participants. Various in-mold industry players include
The In-Mold Labels Market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Meters and revenue in USD Million from 2021 to 2027 for the following segments:
Click here to Buy Section of this Report
By Material
By Printing Technology
By Technology
By End-User
The above information is provided on a regional and country basis for the following:
By Region