ID: MRFR/PNT/1258-HCR | February 2021 | Region: Global | 140 pages
The In-Mold Labels Market is witnessing rapid growth owing to the rise in the need for decorative and durable labels in the modern packaging industry. The Global In-Mold Labels Market share was valued at USD 3.18 billion in 2020. The better quality of in-mold labels over other labeling products makes them a preferable choice in the market.
In in-mold labeling, the preprinted labels are thermally attached to plastic containers during the molding process. This technique enhances the durability of labels and gives a label look to the container. Moreover, these labels also offer a wide range of print colors, textures, and effects. Furthermore, they are scratch-resistant, moisture resistant, and thermally stable. The Global In-Mold Labels Market is estimated to grow USD 3,364.10 million at a Compound Annual Growth Rate ( CAGR ) of 4.50% over the forecast 2021-2030.
Packaging and the overall appearance of a product are vital factors affecting the product's demand in the market. In-mold labels give the option of 360 ° print on the packages. It can also be placed on containers of varying shapes and forms. As packaging and labeling plastic fuse together during in-mold labeling, it ensures the recyclability of the packaging plastic. Therefore, the demand for these labels is rising significantly. The global In-Mold labels Market value is estimated to be worth USD 4.3 billion by the end of the current forecast period in 2028.
Covid-19 had a negative impact on the global In-Mold Labels Market. The halt in industrial production, as well as the fall in demand for consumer goods, affected the market badly. Restrictions in travel and movement of goods affected the supply chain causing irregularities in the market. Moreover, the decline in income of people over the period led to less demand for packaged goods thereby, indirectly decreasing the demand for in-mold labels.
The major global companies playing a key role in the In-mold labels market are :
The rising demand for high-quality and cost-effective labels from different end-user industries like food & beverage, cosmetics, and pharmaceutical industries are driving the growth of the global in-mold labels market. Decorative packaging & labeling has become an essential factor in the establishment of brand impression in the market nowadays. Therefore, the In-mold label being the most popular choice is witnessing a rapid surge in the demand.
The favorable properties of in-mold labels such as 360° printing ability, 3D printing, better color, and texture increase its demand. Additionally, these labels are durable, moisture-resistant, abrasion-resistant, and more resistant to temperature changes. Therefore in-mold labels are suitable for the needs of different industries.
Moreover, in-mold labeling is also an environment-friendly technique as it enables recycling of the complete plastic containers. Furthermore, increasing automation and digitalization in the label printing process and technology is also propelling the growth of the In-Mold Labels Market.
The high cost of tooling and robot systems used for in-mold labeling is the major factor hindering the growth of the global in-mold labels market. Moreover, these systems require long runs so it becomes expensive for small batches requiring shorter runs. Furthermore, these machines also have a high defect rate which decreases the demand for in-mold labels.
In-mold labels are pre-printed polypropylene stickers creatively designed to give information about the product. It fuses with plastic containers during the thermal molding process. This method of placing decorative labels on plastic goods by thermal molding is known as in-mold labeling. It ensures the durability of the label and enhances the aesthetic value of the container with its wide options of colors and designs.
In-mold labels provide advantages of better print quality with the ability to have more colors, 3D effects, and textures. This ensures better branding of the products. Moreover, In-mold Labels (IMLs) are durable, scratch-resistant, and environment friendly as they can be recycled along with the plastic container. Furthermore, these labels are temperature stable and humidity resistant, which makes them suitable for storing frozen products too.
The specific objectives of this market report are given below:
Segmentation of the In-Mold labels market, by process
The injection molding process occupies the largest market share. It is an efficient production technique that has a high production rate. The injection molding process offers flexibility in the choice of material and color. Moreover, it requires less labor cost due to complete automation of the production process. Furthermore, it also reduces resource wastage and therefore has become the preferred manufacturing process.
Segmentation of the In-Mold labels market, by material
Polypropylene plastic dominates the material segmentation of the In-Mold Labels Market. Polypropylene is an inexpensive material having better abrasion resistance properties. Moreover, it is moisture resistant and also resistant to chemicals and acid damage. Therefore, these properties make polypropylene the most favorable base material for in-mold labeling.
Segmentation of the In-Mold labels market, by application
The food and beverage industry accounts for a major portion of the demand for in-mold labels. Packaging is a vital action in the marketing of these products and the use of in-mold labels makes packaging labels attractive and insightful.
The different regional markets for the global In-mold labels market are:
Europe is the leading regional segment of the global mold labeling market. The high demand for in-mold labels from the food and beverage, cosmetic, and consumer goods industry is driving the market growth in this region. Moreover, high disposable income allows people to spend money on effective packaging thereby increasing the demand for in-mold labels.
The North American market is the fastest-growing segment. The Greater presence of high-end manufacturing industries sustains the market growth in this region.
Asia-Pacific is also one of the fastest-growing markets. With rapid industrialization and increasing disposable income of people, the In-Mold labels market is expected to grow significantly over the forecast period. The Rest of The World (ROW) segment is expected to grow moderately over the forecast period.
This report will be beneficial for every stakeholder of the In-mold labels market such as :
This report provides an in-depth analysis of the In-mold labels market in terms of current value and future forecast. This report also highlights the problems and prospects of the in-mold label market. Moreover, the technological analysis section of the report will greatly help in knowing the product and its market prospects.
Furthermore, this report contains a detailed analysis of every segment of the given market for the current forecast period. This report has also identified the key players and the current developments in the In-mold labels market.
|Market Size||USD 3,364.10 million|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Technology, Material, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market growth rate for in mold labels in the years ahead can be 4.50%.
The global market can note significant massive growth by 2030.
The prominent vendors in the global market are Huhtamaki Group (Finland), Allen Plastic (Taiwan), Inland Label and Marketing Services, LLC (U.S.), Ameri-Seal Inc. (U.S.), Cenveo Inc. (U.S.), Fuji Seal International, Inc. (Japan), Innovia Films Ltd. (U.K), Constantia Flexibles Group GmbH (Austria), Coveris Holdings S.A. (Luxembourg), Mepco Label Systems (U.S.), Avery Dennison Corporation (U.S.), Century Label Inc. (U.S.), EVCO Plastics (U.S.), Multicolor Corporation (U.S.), CCL Industries, Inc. (Canada), and others .
The types of technology mentioned in the report are thermoforming, injection molding process, extrusion blow-molding process, and others.
Depending on material, the primary market segments are ABS resins, polyvinylchloride, polypropylene, and others.
The rising demand for high-quality and cost-effective labels from different end-user industries like food & beverage, cosmetics, and pharmaceutical industries is driving the growth of the global in-mold labels market.