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Laminated Labels Market Report 2024 - Laminated Labels Market Insights, Trends, And Opportunities
Laminated Labels Market
According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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
Laminated Labels Market 2024 Key Insights:
• The laminated labels market will grow to $110.13 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• E-Commerce Industry's Impact On The Laminated Labels Market
• Primera Technology Inc. Redefines Laminated Label Market With Ap-Code Lot & Date Coder Launch
• Asia-Pacific was the largest region in the laminated labels market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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