Laminated Labels Market Insights | Key players : very Dennison Corporation (U.S.), 3M Company (U.S.), Coveris Holdings S.A. (Luxembourg), CCL Industries Inc. (Canada), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.)

The laminated labels market is one of the fastest-growing sectors and serves most of the industries which include the food & beverages, pharmaceuticals, consumer durables, home & personal care, retail labels, and others. Laminated labeling gives several advantages to product manufacturers and brand owners, such as delivering manufacturing economies and efficiencies, which drive the demand for these labels.

Download FREE PDF Sample Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=188043973

The growth of the laminated labels was largely influenced by mergers & acquisitions and new product launches in the past five years. The year 2015 experienced a large number of new product launches by top players in the market. Mergers & acquisitions also formed an essential part of their strategies, which led to the growth of the companies in emerging markets. Most players in the market hold long-term contracts with their clients for the supply of laminated labels for the manufacturing of products. Considerable investments were made in technology upgradations and servicing facilities across developed and emerging markets. The major players include companies such as Avery Dennison Corporation (U.S.), 3M Company (U.S.), Coveris Holdings S.A. (Luxembourg), CCL Industries Inc. (Canada), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.).

CCL Industries, Inc. (Canada) held the leading position in the global laminated labels market. The company has maintained its leadership position through its strong distribution network across Europe, Americas, and emerging markets. CCL Industries is among the leading manufacturers of products for many of the markets it serves. CCL Industries has adopted mergers & acquisitions as strategies to capture the market. In July 2013, CCL Industries acquired Avery Dennison's Office & Consumer Products (OCP) and Designed & Engineered Solutions (DES) businesses, which will support CCL Industries to strengthen its business portfolio and increase its business revenue and customer base.

Coveris Holdings S.A. (Luxembourg) is a global manufacturer of plastic and other value-added packaging products. They manufacture and deliver a broad range of flexible and rigid plastic, paper packaging, and coatings products that include primary packaging (such as bags, pouches, cups, lids, and trays), films, laminates, sleeves, and labels. The labels segment of the company caters to the food service, convenience food, household & personal care, and beverage market. Coveris Holdings has adopted mergers & acquisitions to gain a competitive advantage in the market.

Asia-Pacificexpected to be the fastest growing region in the laminated labels market during 2015 to 2020

The laminated labels market is growing rapidly in accordance with the growth in the packaging market globally. Factors such as rising demand for durable labeling solutions, growing demand in logistics, consumer durables, and pharmaceutical supplies, and growing food & beverage packaging products have contributed majorly to the growth of the laminated labels market. The laminated labels market is classified on the basis of its composition, printing technology, priniting ink, form, and application. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for laminated labels, in terms of value, is estimated to reach USD 75.56 billion in 2015; it is projected to reach 94.49 billion by 2020, at a CAGR of 4.57% from 2015 to 2020.

High growth potential in emerging markets of Asia-Pacific is expected to provide new growth opportunities to players in the laminated labels market. In 2014, the Asia-pacific region accounted for the largest share in the global laminated labels market, with China being the fastest-growing market in this region. Developing countries such as China and India are projected to be emerging markets, making Asia-Pacific the highest growing in the laminated labels market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the laminated labels market in this region is driven by factors such as the growing food and beverage industry, the rise in demand for pharmaceuticals and consumer products, budding trend of convenient packaging, and economic development.

The food & beverage segment is estimated to account for the largest share in the laminated labels market, on the basis of end use and this trend is projected to continue during the forecast period. Growing awareness among the consumers about the sustainable products has led to an increase in the global demand of laminated labels as they offer a less expensive alternative and higher performances such as flexibility and durability.

The UV-curable ink segment is estimated to be the fastest growing segment in the laminated labels market, on the basis of printing inks. Increasing environmental awareness among the consumers has led to an increase in the global demand of UV-curable inks as they are devoid of any solvents and therefore do not emit any volatile organic compounds. Also UV-curable inks can be rapidly cured and therfore help in reducing production time.

The facestock segment is estimated to be the fastest growing segment in the laminated labels market, on the basis of composition. The dependence of the print quality of labels on the facestock being used has resulted in an increased market share of facestocks.

The reels segment is estimated to account for the largest share in the laminated labels market, on the basis of form and this trend is projected to continue during the forecast period. The main factor that led to the growth of labels in the form of reels is that these labels can be easily cut into any shape, while those available in sheets are restricted to squares and rectangles. Also the rate at which laminated labels are applied to a product through reels is higher, making it faster and easier as compared to sheets, thus causing the market for reels to grow at a higher rate.

The global laminated labels market is further driven by companies adopting strategies such as new product developments, mergers, acquisitions, and expansions. Mergers & acquisitions accounted for the largest share of 53% of the total strategic growth developments adopted by the key players of the laminated labels market from January 2011 to January 2016. Small-scale players also adopted this strategy to expand their businesses globally.

Leading companies are adopting different development strategies to sustain their position and gain a larger share in the market. The rising demand for flexible packaging and aseptic packaging has encouraged companies to adopt this strategy. The global laminated labels market is dominated by major players such as 3M Company (U.S.), Coveris Holdings S.A. (Luxembourg), CCL Industries Inc. (Canada), Avery Dennison Corporation (U.S.), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.) etc.

Read More Context at https://www.marketsandmarkets.com/Market-Reports/laminated-labels-market-188043973.html

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

630 Dundee Road
Suite 430
Northbrook, IL 60062

This release was published on openPR.