Global In-Mold Labels Market Size, Share, Growth, Analysis, Future Scope by Technology (Extrusion blow-molding process, Injection molding process, Thermoforming), Material (Polypropylene, Polyvinylchloride, ABS resins), Application (Food & Beverage, Chemicals, Personal Care, Consumer goods) - Global Forecast to 2022
In-Mold Labels Market – Overview
The key factor contributing to the growth of the global In-Mold Labels Market is the automated nature of the in-mold labeling process. In-mold labeling reduced the traditional processes such as hand finishing, polishing, finishing and changing of stack mold. The raw material used to manufacture in-mold labels is polypropylene. Polypropylene is extremely versatile as a plastic material. Many manufacturers in the market are developing advanced technologies.
As per the study conducted by Market Research Future, the global in-mold labels market is likely to grow at the CAGR of around 10.35%.
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Food & beverage is the dominant industry due to the increase in demand for packaged food items, branded products and consumer awareness toward authenticity of the product. European region accounted for the largest share in terms of value and volume followed by North America and Asia Pacific. The share is attributed to the increasing demand for in-mold labels, increasing manufacturing output, rising income and consumption level, and growing demand for effective and efficient labeling solutions.
The key players in global in-mold labels market 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.)
Geographically, the global in-mold labels market 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.
In-Mold Labels Global Market - Competitive Analysis
In-Mold Labels Market 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.
In November, 2017 – Constantia Flexibles to expand production capacity at Austrian pharma plant. Constantia Flexibles Group will invest a double-digit million euro amount in the expansion of production capacity at its manufacturing site for pharmaceutical packaging, Constantia Patz, in Austria. The company will install one double-sided lacquering machine for foils and laminates, as well as one slitting machine operating in a new class 8 cleanroom.
In November, 2017 – Coveris Holdings SA, a premier global packaging manufacturer, announced that it has realigned its operations into four business units: Americas, Rigid, EMEA, and UK Food & Consumer. This action was taken to continue to enhance how the company delivers service in response to changing market demands.
In October, 2017 – CCL Industries acquires 100% of Acrus CCL a Chilean venture for approximately 6.3 USD Million.
In-Mold Labels Market – Segmentation
The scope of Global In-Mold Labels Market is segmented into three major segments which are explained below:
- Extrusion blow-molding process
- Injection molding process
- ABS resins
- Food & Beverage
- Personal Care
- Consumer goods
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