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Laminated Labels Market Size, Insights, Growth Demand And Forecast To 2033
Laminated Labels Market
Insights into Laminated Labels Market: Global Trends and Analysis
Laminated Labels Industry - Key Market Dynamics and Trends
The laminated labels market size has grown strongly in recent years. It will grow from $82.34 billion in 2023 to $87.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to regulatory compliance, brand enhancement, consumer preferences, globalization, cost-effectiveness.
The laminated labels market size is expected to see strong growth in the next few years. It will grow to $110.13 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to sustainability trends, e-commerce boom, personalized packaging, rise in pharmaceuticals, health and safety concerns. Major trends in the forecast period include digitalization in printing, technology advancements, sustainable labeling materials, smart labeling solutions, digital printing technology.
Market Overview -
Laminated labels refer to a type of labeling material that consists of several layers of material that are combined together to form a durable label. Label lamination is the process of applying a protective film to the surface of a label.
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E-Commerce Industry's Impact On The Laminated Labels Market
The growth in the e-commerce industry is expected to propel the growth of the laminated labels market going forward. The e-commerce industry refers to the buying and selling of goods and services online through the Internet. It provides businesses with a wide range of chances to reach customers and increase sales and a convenient way for customers to shop for products and services online. Laminated labels are used in the e-commerce industry for various purposes, such as product details, shipping labels, packing labels, and bar codes for identification purposes. For instance, in February 2023, according to Ecommerce Europe, a Europe-based association for companies selling products or services online to consumers, France's e-commerce sector (including products and services) generated €146.9 billion ($159.11 billion) in revenue in 2022, indicating a 13.8% growth over 2021. Furthermore, in June 2022, an article published by Morgan Stanley, US-based investment management and financial services company, states that global e-commerce increased from 15% to 21% of total retail sales from 2019 to 2021, accounting for approximately 22% of total sales. Therefore, the growth in the e-commerce industry is driving the growth of the laminated labels market.
Competitive Landscape -
Major companies operating in the laminated labels market report are RR Donnelley & Sons Company, Bemis Company Inc., Lecta Group, FLEXcon Company Inc., Stickythings Limited, Constantia Flexibles Group GmbH, Avery Dennison Corporation, Coveris Holdings SA, CCL Industries Inc., 3M Company, Honeywell International Inc., Tesa SE, Seiko Group Corporation, Cosmo Films, Coast Label Company, UPM Raflatac, Brady Corporation, Fuji Seal International Inc., Henkel AG & Co. KGaA, Inland Label & Marketing Services LLC, Lintec Corporation, Multi-Color Corporation, Refine Packaging, Sato Holdings Corporation, Taghleef Industries Group, Toray Industries Inc., WS Packaging Group Inc., Ameri-Seal Inc., Anchor Printing, Consolidated Label Co., DNP Corporation, Fort Dearborn Company, Germark S.A., Hammer Packaging Corp., Hub Labels Inc., Label Impressions Inc., Label Technology Inc., Lightning Labels .
Primera Technology Inc. Redefines Laminated Label Market With Ap-Code Lot & Date Coder Launch
Product innovations are a key trend gaining popularity in the laminated label market. Companies operating in the laminated label market are focusing on product innovations to sustain their position in the market. For instance, in June 2023, Primera Technology Inc. a US-based manufacturer of digital printing equipment launched AP-CODE Lot & Date Coder. Both newly installed and pre-existing Primera AP360 and AP362 label applicators are compatible with AP-CODE. The device has a full-color touchscreen for data entry and configuration, as well as lot and date codes, so no external power supply is required. Print fields are free-format and can contain multiple symbols, numbers, and letters. Formats can be saved for later usage, which expedites output. The one black ink cartridge sticks to glass, metal, plastic, and laminated labels, among other surfaces. More than a day is needed for decap, which removes blockages and requires overnight printing head capping.
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Key Segments -
The laminated labels market covered in this report is segmented -
1) By Material Type: Polyester, Polypropylene, Vinyl, Other Materials
2) By Composition: Adhesive, Facestock, Release Liner, Other Compositions
3) By Form: Rolls, sheets
4) By Printing Technology: Digital, Flexographic, Lithography
5) By Application: Food and Beverage, Consumer Durables, Home and Personal Care, Pharmaceuticals, Retail Labels, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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