29-Dec-2022 | Zion Market Research
The global laminated labels market size was worth around USD 38.5 billion in 2021 and is predicted to grow to around USD 57.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2022 and 2030.
Packaging plays a vital role in product promotion and branding. It has traveled a long journey from just a need of the business strategy to an integral part of the business strategy. Hence, it is emerging as an important tool for enhancing product sales in the international market. Packaging labels is important to compete with other key players in the market. With developing technology and innovative market strategy, laminated label packaging has been introduced in the market. This type of packaging is more attractive, highly resistive, consumer-engaging, durable, and flexible.
This laminated label is easily accessible in the market due to its advantages such as frictionless, resistance to moisture, solvent, and weathering exposure. These labels are manufactured by using polypropylene, polyesters, and others laminating materials. For instance, Brother P-Touch PT-1230PC is a USB label printer that is enough small to fit anywhere, it does not require any software, just connect to the computer and add it to a printer, and print from the text editor. The printer itself will print a 12-mm laminated label within a short period. It is pretty easier and portable.
Escalating demand for FMCG, pharmaceuticals, and consumer durables products will enhance the growth for the global laminated labels market. Further, the high consumption of food and beverage products worldwide is anticipated to foster demand in the market in the future. Pharmaceutical and healthcare sectors are boosting the laminated label packaging market across the world for a bigger product portfolio.
Furthermore, other sectors enhancing the market growth are furniture, electronics, automobile, paints, and others. Prime importance is given to cost-effective labeling by many manufacturers which is a major driving factor for the growth of the global market. Conversely, associated risk in capital investment may hamper the laminated label packaging market growth in the coming years.
The global laminated labels market is segmented based on technique, finish, material, printing ink, printing technology, industry vertical, and region.
Based on the printing technology, the market is segmented into flexographic printing, screen printing, digital printing, offset printing, letterpress printing, gravure printing, and others. The flexographic printing segment is expected to capture a significant market share over the forecast period. Because it offers greater adaptability when compared to other printing methods like digital printing, offset printing, and more, flexographic printing is frequently used in laminated labels. This enables it to be applied to porous, non-porous, flat, and rough surfaces. Flexographic printing is more compatible with a wide range of ink types, including UV-curable, water-soluble, solvent-based, and others. High performance is a benefit due to automation and quick-drying inks. Additionally, it offers benefits including eco-sustainability, excellent image reproduction, and fewer production costs.
Geographically, the global laminated labels market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest market share owing to rising pharmaceuticals and food chain networks; this is anticipated to positively impact the laminated labels market. Increasing disposable income and changing lifestyles may change the market perspective in the coming years. Other emerging economies such as China, Japan, and India owing to the favorable demand for consumer products may open up new opportunities for market growth. Japan is moving towards convenience products which will anticipate growth in the future for the global laminated labels market.
This review is based on a report by Zion Market Research, titled “Laminated Labels Market By Technique (Hand-Applied, Brush-On, Spray-On, and Auto-Lamination), By Finish (Gloss, Semi-gloss, Matte, and Others), By Material (Polypropylene, Polyester Film, Polyethylene, Polyvinyl Chloride, Vinyl, and Others), By Printing Ink (Ultraviolet Curing Ink, Solvent-Based Ink, Hot-Melt Based Ink, Water-Based Ink, and Others), By Printing Technology (Flexographic Printing, Screen Printing, Digital Printing, Offset Printing, Letterpress Printing, Gravure Printing, and Others), Industry Vertical (Food & Beverage, Medical and Healthcare, Consumer Goods, Cosmetics and Personal Care, Automotive, Chemicals, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/laminated-labels-market
Recent Development:
The global laminated labels market is dominated by players like:
The global laminated labels market is segmented as follows:
By Technique
By Finish
By Material
By Printing Ink
By Printing Technology
By Industry Vertical
By Region
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