Global Laminated Labels Market Forecast to Reach US$ 30,979.4 Mn by 2024: Transparency Market Research

Transparency Market Research has published a new market report titled “Laminated Labels Market by Material Type (into Polyester, Vinyl, Polycarbonate, polypropylene and Others – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.”According to the report, the Laminated Labels market was valued at US$ 20,022.4 Mn in 2015 and is forecast to surpass US$ 30,979.4 Mn by 2024, registering a CAGR of 5.1% between 2016 and 2024.

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Packaging industry has transformed significantly over time, its plays an important role in product marketing and have noteworthy impact on overall product sales. The need for attractive, highly resistive, customer engaging, durable packaging led to the introduction of laminated labels in this industry. Many brand owners and manufacturers of consumer goods has adopted use of laminated labels due to its high receptivity among customers. Increasing demand from fresh food and beverages packaging industry, consumer durables, pharmaceuticals supply demand, logistics applications and increasing consumer awareness and growth of e commerce market are some of the important factors which has propelled the growth of global laminated labels market. The laminated labels converters are facing pressure from both sides from suppliers and from customers. Brand owners and end user industries are also facing the challenge due to the continuous demand for lower prices of products and shrinking margins.  Asia Pacific is expected to be the most favourable region in terms of incremental opportunities lying ahead for high revenue generation and estimated to dominate the global laminated labels market with 36.5% market value share in 2016, followed by Europe and North America. The mature markets i.e. Europe and North America is highly regulated and likely to create a substantial demand of laminated labels worth over US$ 9,672.2 Mn in 2016, approximately 4% higher than the previous year.

Asia Pacific is expected to dominate the laminated labels market during the forecast period 2016-2024, registering a healthy CAGR of 5.3% till 2024. Middle East & Africa which is another prominent market is projected to grow with a CAGR of 4.7% during the forecast period of 2016-2024. Consumption of laminated labels market in Asia Pacific is expected to increase 1.5X during the period. In North America, US is likely to continue to dominate the market for laminated labels. This country not only consume laminated labels in large volume, but also has presence of large manufacturers. Apart from domestic consumption, these North American countries also account for a substantial share in global laminated labels market.

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The key participants in the global laminated labels market are CCL industries Inc, Avery Dennison Corporation, Coveris Holdings, Langley Labels etc.

The global laminated labels market are segmented as follows

By Material Type

  • Polyester
  • Vinyl
  • Polycarbonate
  • Polypropylene
  • Others

By End Use Industry

  • Food and Beverages
  • Pharmaceuticals
  • Home and Personal Care
  • Consumer Durables
  • Retail Labels
  • Others (Apparels and textile, industrial lubricants, paints and gift)

By Printing Ink Type

  • Water Based
  • Solvent Based
  • Hot Melt Based
  • UV curable

By Printing Technology Type

  • Digital
  • Flexography
  • Lithography
  • Others (Letterpress, Gravure, Offset, Screen printing)

 By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • Spain
    • Italy
    • France
    • U.K
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • ASEAN
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Saudi Africa
    • Rest of Middle East and Africa (MEA)
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