Press release
Global Laminated Labels Market to Reach $119.63 Billion by 2029, Growing at 7% CAGR
The surge in the e-commerce sector will likely drive the expansion of the laminated labels market. In simpler terms, the e-commerce industry is the online platform for buying and selling products and services via the internet. This industry presents a plethora of opportunities for businesses to increase their reach to customers and boost their sales while providing a comfortable platform for customers to shop. Laminated labels serve multiple purposes in the e-commerce industry, such as detailing products, labeling shipments and packages, and assigning bar codes for product identification. For example, Ecommerce Europe, an association based in Europe for online consumer businesses, reported in February 2023 that the e-commerce sector in France (including products and services) generated a revenue of €146.9 billion ($159.11 billion) in 2022, reflecting a 13.8% rise from 2021. Moreover, an article posted by Morgan Stanley, a US-based financial services firm, in June 2022 stated that global e-commerce saw an increase from 15% to 21% of total retail sales from 2019 to 2021, making up about 22% of all sales. Thus, the burgeoning e-commerce industry is fueling the growth of the laminated labels market.
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What is the future CAGR of the laminated labels market, and how will it impact industry expansion?
The size of the laminated labels market has seen considerable growth in the past few years. There will be an increase from $87.31 billion in 2024 to $92.9 billion in 2025, a compound annual growth rate (CAGR) of 6.4%. The increase in the past times can be associated with regulatory compliance, enhancing brand worth, consumer choices, globalization, and cost efficiency.
The market size for laminated labels is anticipated to experience considerable expansion in the upcoming years. It's predicted that by 2029, it will reach a worth of $119.63 billion, growing at a compound annual growth rate (CAGR) of 6.5%. The projected growth during this period is associated with various factors including sustainability trends, the surge in e-commerce, custom packaging, growth in the pharmaceutical sector, and increasing concerns over health and safety. Furthermore, important trends anticipated during this forecast period consist of advancements in printing digitalization, technology enhancements, the development of sustainable labeling materials, intelligent labeling solutions, and digital printing technology.
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What are the most significant trends transforming the laminated labels market today?
The emergence of product innovations is a key trend shaping the laminated label market. Businesses within this market are leveraging product advancements to maintain their competitive edge. For instance, in June 2023, Primera Technology Inc., an American manufacturer of digital printing technology, introduced its AP-CODE Lot & Date Coder. This device is compatible with both new and existing Primera AP360 and AP362 label applicators, needing no external power supply as it possesses a full-color touchscreen for data input and configuration, including lot and date codes. It allows free-format print fields containing a mix of symbols, numbers, and letters. The ability to save formats for future use enhances productivity. Further, its black ink cartridge adheres to various surfaces, including glass, metal, plastic, and laminated labels. However, the decap process removing clogs necessitates overnight print head capping and requires more than a day.
Which key market segments comprise the laminated labels market and drive its revenue growth?
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
Subsegments:
1) By Polyester, PET (Polyethylene Terephthalate), PETG (Polyethylene Terephthalate Glycol-Modified)
2) By Polypropylene, BOPP (Biaxially Oriented Polypropylene), CPP (Cast Polypropylene)
3) By Vinyl, PVC (Polyvinyl Chloride), Rigid Vinyl, Flexible Vinyl
4) By Other Materials, Paper, Polycarbonate, Synthetic Materials
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What regions are at the forefront of laminated labels market expansion?
Asia-Pacific was the largest region in the laminated labels market in 2024. The regions covered in the laminated labels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the laminated labels market?
Major companies operating in the laminated labels market include RR Donnelley & Sons Company, 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
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What Is Covered In The Laminated Labels Global Market Report?
• Market Size Forecast: Examine the laminated labels market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the laminated labels market for a structured understanding.
• Key Players Overview: Analyze major players in the laminated labels market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the laminated labels market.
• Segment Contributions: Evaluate how different segments drive overall growth in the laminated labels market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the laminated labels market.
• Industry Challenges: Identify potential risks and obstacles affecting the laminated labels market.
• Competitive Landscape: Review strategic developments in the laminated labels market, including expansions, agreements, and new product launches.
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