In-Mold Labels Market Size, Global Trends and Forecast to 2023

In-Mold Labels Market Size –Global Scenario

Market Research Future (MRFR) reveals in a study of in-mold labels that a notable rise will be experienced by the market in the coming years. More specifically, the study predicts a CAGR of 10.35% to be attained by the global market over the forecast period between 2017 and 2023.

In-mold labels hold its application across various end-users, including cosmetic, petrochemical, pharmaceutical, household, cosmetic containers, and paint.

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.), Fuji Seal International, Inc. (Japan), Multicolor Corporation (U.S.), EVCO Plastics (U.S.), Innovia Films Ltd. (U.K), Inland Label and Marketing Services, LLC (U.S.), Mepco Label Systems (U.S.), Avery Dennison Corporation (U.S.), Century Label , Inc. (U.S.), Allen Plastic (Taiwan), and Ameri-Seal Inc. (U.S.)

Regional Analysis

The global In-Mold Labels Market Size is majorly fragmented into four dominant regions, which are North America, Europe, Asia-Pacific, and Rest of the World. Among these, Europe is anticipated to grow at the highest CAGR and holds the largest market share in the global In-Mold Labels Market Size. The dominant position of the European region is due to increasing use of in-mold labels in end-use applications, such as industrial packaging and Fast-Moving Consumer Goods (FMCG). Growing financial stability has positively impacted the development of the region for the packaging industry, specifically, for in-mold labels. High demand for in-mold labels from developed countries, such as Germany and France, is due to development in the manufacturing industry coupled with a rise in disposable income to purchase highly customized products.

Segmentation

Global In-Mold Labels Market Size has been segmented based on technology, material, application, and region. Based on technology the market is segmented into extrusion blow-molding process, injection molding process, thermoforming, and others. Among these, injection molding is projected to dominate the In-Mold Labels Market Size until 2023. The dominant position of this segment can be attributed to the provision of a 3-Dimensional effect to the labels, along with economical operations as compared to other technologies. Based on the material, the market is segmented into polypropylene, polyvinylchloride, ABS resins, and others. Polypropylene waste dominated the market in 2016 and is projected to be the fastest-growing segment. Polypropylene is extremely versatile as a plastic material, which can be utilized in wide ranges of plastic containers and labels. Polypropylene has become an important labeling material due to its effective moisture-resistant property. Based on the application, the market is segmented into food & beverage, chemicals, personal care, consumer goods, and others.

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