In-mold Labels Market Size| COVID-19 Impact, Competitive Dynamics, Target Audience and Global Outlook till 2022
In-Mold Labels Market – Overview
As per the study conducted by Market Research Future, the global In-mold Labels Market Size is likely to grow at the CAGR of around 10.35%.
In-Mold labels are made up of plastic films printed with various printing techniques. The film is cut to give the required shape of the label. The label is placed in the mold being used for the manufacturing of the container.
Key Players
The key players in global In-mold Labels Market Size are CCL Industries, Inc. (Canada), Constantia Flexibles Group GmbH (Austria), Huhtamaki Group (Finland), Coveris Holdings S.A. (Luxembourg), Cenveo Inc. (U.S.)
Regional Analysis
Geographically, the global In-mold Labels Market Size has been divided into North America, Europe, Asia Pacific and Rest of the World. European region accounted for the largest share in terms of both value and volume followed by North America and Asia Pacific with APAC being the fastest growing market. The share is attributed to the flourishing food & beverages industries in the region. Furthermore, the demand is also augmented by the increased consumption of cosmetics, mark-up products, skin care products, etc. APAC is expected to show similar results with its fastest growing market by the end of the forecasted period.
Industry News
In October, 2017 – CCL Industries acquires 100% of Acrus CCL a Chilean venture for approximately 6.3 USD Million.
Segmentation
The scope of Global In-mold Labels Market Size is segmented into three major segments which are explained below:
By Technology
- Extrusion blow-molding process
- Injection molding process
- Thermoforming
- Others
By Material
- Polypropylene
- Polyvinylchloride
- ABS resins
- Others
By Application
- Food & Beverage
- Chemicals
- Personal Care
- Consumer goods
- Others
Competitive Analysis
In-mold Labels Market Size will continue to develop globally, as the market for packaging is highly competitive and there is always a rising demand for subsequent packaged goods. The prominent market players continuously strive for sustainable development of their product, so as to stay on top in the In-mold Labels Market Size. Most of the major market share is hold by the tier 1 companies in the electrical component industry. New entrants are highly subjected to risk while competing in a well matured market, whereas it will be less competitive for the new entrants to enter into emerging economies.
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