Growth in in-mold labels market to be driven by demand for FnB products in China, India, South America

Through 2031, the need for in-mold labels will continue to grow, creating intense rivalry. According to the survey, the top 5 in-mold label suppliers would control 15% of the global market by 2021. In 2020, the worldwide in-mold labels market accounted for 3% of the US$ 42 billion global label market. According to a Future Market Insights (FMI) analysis on the in-mold labels market, global in-mold label consumption will rise 3.2% year over year (YoY), reaching US$ 1.1 billion in 2021.

These labels are therefore highly preferred in food and pharmaceutical packaging. In-mold labels can also be customized according to the customer requirements in terms of sizes and specifications. They are manufactured from plastics and paper material which can be recycled, thereby, offering sustainable labelling solutions.

Future Market Insights forecasts that manufacturers have impressive opportunities to capitalize on, especially as demand is likely to increase in food, beverages, pharmaceuticals, personal care & cosmetics, and other industries.

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Key Takeaways from In-mold Labels Market

By process, the injection moulding segment is anticipated to remain dominant. It is estimated to hold around 70% of the total market share by the end of 2031.
Based on material, polypropylene (PP) will remain most preferred for in-mold label manufacturing.
Offset printing will remain the preferred in-mold label process, creating incremental opportunity of US$ ~152.5 Mn during 2021-2031.
By end use, food, beverage, and pharmaceuticals industries will account for around 83% of the market share.
Within North America, sales of in-mold labels will remain the highest in the U.S.
Germany is expected to account for nearly one-fifth of in-mold labels sales in Europe by 2031.
"The rising demand for product safety and improved graphics of labels among the industries such as food, beverages, pharmaceuticals, personal care & cosmetics, and others will fuel the demand for in-mold labels. The "no label look" of in-mold labels is expected to push their sales through the forecast period" says an FMI analyst.

Elimination of the Gluing Step to Create High Demand for In-Mold Labels

The labels applied with glue have the risk of falling off from the product or container as the temperature or weather conditions change. This not only leads to the defect in the labelling but also affects the product safety in terms of the various specifications mentioned on the product label. In-mold labels are attached to the container with the help of in-mold label films with excessive heat and then pressed inside the walls of the container.

This eliminates the gluing step and thereby makes the labelling process easy. This not only eliminates the gluing process but also enhances the graphic properties of the label. The gluing process in label adherence is time consuming. Also it makes the packaging vulnerable to temperature or weather changes. Alternatively, in-mold labels are preferred as more viable labelling options.

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In-mold Labels Market Landscape

CCL Industries Inc.,
Constantia Flexibles Group GmbH,
Coveris Holdings S.A.,
Avery Dennison Corp.,
Multicolor Corporation,
Fuji Seal International Inc.,
Huhtamaki Oyj,
Korsini Ambalaj San Tic. A.S.,
Walle Corporation,
Duratech Industries Inc.,
Tasus Corporation, Canyon Graphics Inc.,
Admark Visual Imaging Limited,
Aspasie Inc.,
General Press Corporation,
John Herrod & Associates Pty Ltd.,
Serigraph Inc.,
Smyth Companies LLC, Hammer Packaging Corp., and Inland Label and Marketing Services LLC. are leading players in the market. The Tier 1 players hold 15-20% in the global market for in-mold labels.

In-mold Labels Market by Category

By Process:

Blow Molding
Injection Molding
Thermoforming
By Material:

Polypropylene (PP)
Polyethylene terephthalate (PET)
Polystyrene (PS)
Polyethylene (PE)
Barrier
Paper & Others
By Printing Method:

Gravure
Flexo
Offset
Screen
Digital
Others
By End-use:

Food
Beverage
Pharmaceuticals
Domestic Care
Personal Care & Cosmetics
Others
By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa (MEA)
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In-mold Labels Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for in-mold labels, analyzing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the in-mold labels based on process (blow moulding, injection moulding and thermoforming), material (PP, PET, PS, PE, Barrier, Paper & Others), printing method (gravure, flexo, offset, screen, digital and others), and end use (food, beverage, pharmaceuticals, domestic care, personal care and cosmetics, others), across seven regions.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.