Global Laminated Labels Market: Snapshot
The packaging industry has transformed significantly over time, its plays an important role in product marketing and have noteworthy impact on overall product sales. The need for attractive, highly resistive, customer engaging, and durable packaging has led to the introduction of laminated labels in the industry. Many brand owners and manufacturers of consumer goods have adopted laminated labels due to their high receptivity among customers.
These factors are expected to translate into a healthy incremental opportunity for the global laminated labels in the next few years. Transparency Market Research estimates that the market, which valued at US$20,022.4 mn in 2015, will exhibit a 5.1% CAGR over the period between 2016 and 2024. The market, as a result, is expected to surpass US$ 30,979 mn by 2024.
Food and Beverages Industry to Account for Bulk of Sales
On the basis of end use industry, the global laminated labels market is segmented into food & beverage, pharmaceuticals, home and personal care, consumer durables, retail labels, apparel and textile, industrial lubricants, paints, and gifts. As per TMR analysts, the food and beverages industry is expected to emerge as the most attractive application in the global laminated labels market, accounting for over 35% of the global market. The sector is likely to maintain its dominance by the end of the forecast period.
The segment of home and personal care is also estimated to account for a significant share in the global market’s revenue in 2016. The demand for laminated labels in the industry will expand at a CAGR of 4.9% from 2016 to 2024. The pharmaceuticals segment is expected to gain 50 basis points by 2024 as compared to 2016, and account for over 13% of the market by 2024. The segment of retail labels is expected to lose its share in the global market by 2024.
Asia Pacific Laminated Labels Market to Continue to Hold Prominent Position in Global Market
Asia Pacific is expected to be the most favorable region in terms of incremental opportunities for high revenue generation in the near future and is estimated to dominate the global laminated labels market with over 36.5% of the market in 2016, followed by Europe and North America. Consumption of laminated labels in Asia Pacific is expected to increase 1.5 times during the period between 2016 and 2024. This translates a healthy CAGR of 5.3% over the said period. The market for laminated labels in Middle East and Africa is expected to emerge as one of the high-growth markets and exhibit a healthy CAGR of 4.7% over the period between 2016 and 2024.
Europe and North America, being mature markets for laminated labels, are highly regulated and are likely to create a demand of laminated labels worth more than US$9,672.2 mn in 2016, approximately 4% higher than the previous year. In North America, the U.S. is likely to continue to dominate the market for laminated labels. The country is not only a consumer of laminated labels in large volumes, but also features presence of several large manufacturers. Apart from domestic consumption, the North America market also accounts for a substantial share in global laminated labels market and is expected to remain a key regional market over the forecast period.
The global laminated labels market features a highly fragmented competitive landscape and is dominated by local and regional players. Some of the key vendors in the market CCL industries Inc, Avery Dennison Corporation, Coveris Holdings, Langley Labels, Hub Labels, and Cenveo.
Global Laminated Labels Market: Scope of the Report
This Transparency Market Research report examines the global laminated labels market for the forecast period 2016-2024. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global laminated labels market.
The global laminated labels market is huge and there are so many opportunities for label industries to grow during the forecast period. Laminated labels is segmented on the basis of material type, wherein polypropylene is expected to appear as the most lucrative segment in the global laminated labels market by the end of the forecast period. Speedy urbanization and industrialization makes laminated labels market technologically convenient. New and innovative developments which includes use of smart labels, VIP labels and the adoption of hybrid printing technology which is a combination of flexographic and digital printing technologies are adding value to the laminated labels market.
Global Laminated Labels Market: Segmentation
Laminated labels is segmented on the basis of printing technology type, wherein flexography is expected to emerge as the most lucrative segment in the global laminated labels market by the end of the forecast period. The rising demand for short runs in label printing is expected to bring the use of digital printing technology in some developed regions. Laminated converters are preferring equipment which offers quick set up time, short run path, higher speeds and less amount of waste because competition for printing of labels in intensifying day by day and offering of the high quality products with competitive price range has become a more critical task than ever before.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of material type, end use industry type, printing ink type, printing technology type and region. The report analyses the global laminated labels market in terms of value (US$ Mn)
The report begins with an overview of the global laminated labels market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.
Material type assessed in the report are:
End Use Industry type assessed in the report are:
- Food and Beverages
- Home and Personal Care
- Consumer Durables
- Retail Labels
- Others (Apparels and textile, industrial lubricants, paints and gift)
Printing Ink type assessed in the report are:
- Water Based
- Solvent Based
- Hot Melt Based
- UV curable
Printing Technology type assessed in the report are:
- Others (Letterpress, Gravure, Offset, Screen printing)
The report further analyses the market based on material type and presents the forecast in terms of value for the next eight years. The next section of the report analyses the global laminated labels market on the basis of distribution network and presents the forecast for the next eight years. The report further analyses the market based on primary usage and presents the forecast in terms of value for the next eight years. Following this section includes analysis of the global laminated labels market on the basis of region and forecast in terms of value for the next eight years.
Regions assessed in the report are:
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
Global Laminated Labels Market: Research Methodology
To compute the market size, in-depth secondary research is done. Data points such as regional splits and market split by material type, distribution network and primary usage as well as qualitative inputs from primary respondents have been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the sales of laminated labels Market.
TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of laminated labels Market.
TMR not only conduct forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
Another vital feature of this report is the analysis of the laminated labels Market by region, material type, distribution network and primary usage and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the global laminated labels market.
To understand key segments in terms of their growth and performance in the laminated labels market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global laminated labels market.
In the final section of the report, laminated labels market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of laminated labels market. The report contains company profiles of some of the key players in the global laminated labels market.
Key market players featured in this report are:
- CCL industries Inc
- Avery Dennison Corporation
- Coveris Holdings
- Langley Labels