Press release
Label Films Market Projected to Grow Steadily During 2017 - 2025
The label film is an essential product to the brand-owners for packaging of their products. The label films market is largely driven by the need for sustainable packaging product for the identification of a product and distinguish it from the other available products in the market. Due to rising concerns over environmental protection and resources degradation, the sustainability factor also contributes to the growth in demand for the biodegradable label films market. Also, due to the high application in food and beverages industry, there will be a substantial rise in demand for label films over the entire forecast period. High costs and recycling issues are some factors which withhold the growth of label films market. The major trend observed in the label films market is the innovation to improve its attractiveness attributes for good visual appearance to attract the end consumers. The printing technology used for label films are UV, Gravure, and Flexography.
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Geographically, the global label films market is segmented across following regions- Asia-Pacific, Eastern Europe, Western Europe, North America, Latin America, Middle East and Africa. The shrink sleeve label films market has grown significantly in the last few years. The label films market will expand at a higher CAGR in Asia-Pacific region due to rising consumption levels in personal care and household segments. Chinese market will witness the growth level above the global average. There is a strong growth potential for specialty films in mature markets such as Europe and North America. Markets including Latin America and Middle East & Africa also offer untapped growth potential for the labels films market in the coming years.
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Some of the key players in the global label films market are Cosmo Films Ltd., Treofan Group, Innovia Films Ltd., Mondi Group plc, Klöckner Pentaplast Ltd., Irplast S.p.A., TAGHLEEF INDUSTRIES GROUP , Bischof + Klein France SAS, DUNMORE Corp, Manucor S.p.A., Renolit SE, Invico S.A., SELENE S.p.A., POLIFILM Group, Accrued Plastic Ltd., Polinas Plastik Sanayi ve Ticaret A.S., Jindal Poly Films Limited, HERMA GmbH, Avery Dennison Corp, DuPont Teijin Films.
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