The global In-Mold Labels Market accounted for USD 3122 Million in 2020 and is expected to reach over USD 4300 Million by 2028, growing at a CAGR of 5.1% from 2021 to 2028.
The global In-Mold Labels Market accounted for USD 3122 Million in 2020 and is expected to reach over USD 4300 Million by 2028, growing at a CAGR of 5.1% from 2021 to 2028.
A process employed for decorating or labeling an object in the mold at the same time it is being formed is known as In-mold labeling. It has unlocked various new opportunities for thermoformed plastic containers, and injection-molded, and blow-molded technology. Furthermore, a process of making the finest in-mold labels at a relatively low price is In-mold labeling. The technology of In-mold labeling provides advantages, like the permanently molded label, transparency, and waterproof. Major applications in end-use, which are inordinately favored by the in-mold labels, are pharmaceutical, household, petrochemical, cosmetic, cosmetic containers, and paint. In-mold labeling is broadly relevant in numerous industries to improve the logo of the brand at the point of sale. Additionally, it is extensively accepted for various custom product developments as a creative solution.
The market was negatively impacted by COVID-19. In order to battle the pandemic, the nations and governments have taken a few rigid steps such as lockdown and alterations in a few of the industrial policies to help numerous businesses maintain the market. The market is anticipated to gain a slow push through strategic application during the pandemic situation.
Consumers have grown more attentive to the overall presentation of labeling and packaging, which is driving the growth of the In-Mold Labels Market majorly in the recent period. In-mold labels give detailed knowledge through an innovative way about the product. In-mold labels help the brand of the product to frame an image for the outlook of the future. Furthermore, low-price in-mold labels for a packaged container are economical, which, in turn, is expected to drive the Market for In-Mold Labels in the forecast period.
The In-mold labeling equips the user with higher options for decorating than the other methods. Labels are durable and strong and can endure rough handlings, provide the highest print quality, and shipment-induced scuffing, allows Quick design changeovers, are hygienic and Strong, have ample look & feel options, have a Shorter time in production & reduced production costs, and are Environmentally-friendly.
The Flexographic Printing segment held a share of around 37.56% in 2020. Flexographic printing technology allows a wide variety of printing off both nonporous and porous surfaces making it simple to mold polymers of numerous kinds. Offset Printing, Gravure Printing, Digital Printing, and Others form the Printing Technologies Segment of the In-Mold Labels Market.
The food & Beverage segment held the largest share and is expected to grow at a CAGR of over 4.9% from 2021 to 2028. In-mold label market is anticipated to exhibit the highest adoption in the food and beverage (F&B) sector owing to the significance of the creative value of packaging in this sector. Packaging helps develop the shelf-life of the items and helps in drawing the attention of potential customers.
The high barrier layers of polypropylene make in-mold labels appropriate for the F&B sector as it increases the packaged food’s shelf-life, hence, decreasing the wastage of food substantially. The containers and In-Mold Labels manufactured using in-mold labeling can bear extreme-low temperatures; hence, they are useful as Yogurt Container, Jam containers, Ice cream Containers, Cheese containers, Butter Containers, and other frozen product Food Containers. Substantial innovations and developments in the product made by the market players are anticipated to boost the growth of the market in the forecast period.
Europe accounted for a share of over 27.05% in 2020. Regions such as Europe and North America dominate the In-Mold Labels market globally. Expansion of the dairy & food industry in Europe is increasing the demand for In-Mold Labels in numerous food applications, for instance, margarine, soft spreads, sauces, ice creams, and cheese as In-Mold Labels provide safeguard against ice, water, and other environmental factors. Increasing consumer affection toward attracting appeal of labeling and packaging is driving the demand for In-Mold Labels in North America.
Key Market Players & Competitive Landscape
Some of key players in In-Mold Labels Market are CCL Industries, Multi-Color Corporation, Smyth Companies, LLC, Taghleef Industries Inc.?, Fort Dearborn Company, Avery Dennison, Constantia Flexibles, Coveris, EVCO Plastics, Inland labels, among others.
Global In-Mold Labels Market By Material
By Technology
By End Use
By Printing Technologies
By Printing Inks
FrequentlyAsked Questions
The Global In-Mold Labels Market was valued at around USD 3122 Million in 2020.
The Global In-Mold Labels Market is expected to reach USD 4300 Million by 2028, growing at a CAGR of 5.1% between 2021 to 2028.
Some of the key factors driving the Global In-Mold Labels Market growth are consumer awareness, innovative development, among others.
North America region held a substantial share of the In-Mold Labels Market in 2020. Asia Pacific to grow at a substantial rate.
Some of the major companies operating in the In-Mold Labels market are CCL Industries, Multi-Color Corporation, Smyth Companies, LLC, Taghleef Industries Inc., Fort Dearborn Company, Avery Dennison, Constantia Flexibles, Coveris, EVCO Plastics, Inland labels, among others.
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