Global Laminated Labels Market Challenges, Size, Share, Growth, Trends, Future Scope, Analysis by Printing Technology (Digital printing, Flexographic, Lithography, and Others), by Application (Food & Beverages, Consumer Goods, Personal Care, Pharmaceuticals, and Others) and Region - Forecast to 2022
Laminated Labels Market Overview
The global laminated labels market is assessed to showcase fast-paced ascension at 4% CAGR during the forecast period ending by 2022. The key drivers of the global laminated labels market include increasing demand for consumer products and growth noted in the logistics industry. Also, growing manufacturing activities are expected to foster the growth noted in the global laminated labels market.
Moreover, laminated labels have a vast scope of application in multiple end-user industries as the lamination of labels makes sure that the label is readable for longer period. These end-user industries include consumer durables, food & beverages, as well as home care and personal care. An accelerated assessed in the awareness of authentic products, along with high durability and rising demand for branded and packaged products are other factors contributing to the growth of the global laminated labels market. Recently published report by Market Research Future (MRFR), the global laminated labels market is expected to garner a market valuation of USD 100 billion by the end of the forecast period.
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- Avery Dennison Corporation
- CCL Industries Inc.
- 3M Company
- Constantia Flexibles Group GmbH
- Coveris Holdings S.A.
- R. Donnelley & Sons Company
- Torraspapel Adestor
- Bemis Company, Inc.
- Flexcon Company, Inc.
- Stickythings Limited.
The laminated labels market is segmented on the basis of printing technology, application, and region. Based on printing technology, the global laminated labels market is segmented into flexographic, lithography, and digital printing.
Based on application, the global laminated labels market is segmented into consumer goods, food & beverages, personal care, and pharmaceuticals. The segment of food and beverages is likely to spearhead the global laminated labels market. This can be credited to the rising awareness of consumers towards authentic products. Apart from that, higher durability and growing preference towards packaged and branded products is likely to foster higher growth for the global laminated labels market. The home and personal care segment is anticipated to hold the second-largest share of the global laminated labels market owing to the growing demand for the same due to rising disposable income and growing awareness towards the appearance by consumers.
Detailed Regional Analysis
The global laminated labels market is regionally segmented into North America, Europe, Asia Pacific, and Rest of the World. The laminated labels market in the APAC region is bound to account for the largest share of the global market during the forecast period. Further, the presence of emerging economies, such as India and China, is driving the regional laminated labels market.
Europe is expected to hold the second-largest share of the global laminated labels market over the review period. Growth of the laminated labels market in Europe can be accredited to the widespread use of laminated labels in various end-use industries such as consumer durables, food & beverages and personal care. These industries are also upscaling at a fast pace, creating larger demand for laminated labels and fostering growth of the regional laminated labels market.
The global laminated labels market is anticipated to generate higher revenues from a rising number of acquisitions and merger strategies by the market players. These strategies are undertaken by these market players to capture a significant share of the laminated labels market. The competitive landscape of the market is expected to be highly intensive in the forthcoming years owing to the increasing number of new entrants in the laminated labels market.
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