Laminated Labels Market, by Material Type (Polyester, Vinyl, Polycarbonate, Polypropylene, and Others), by End Use Industry (Food and Beverages, Pharmaceuticals, Home and Personal Care, Consumer Durables, Retail Labels, and Others (Apparels and Textile, Industrial Lubricants, Paints and Gift)), by Type of Ink (Water Based, Solvent Based, Hot Melt Based, and UV Curable), by Printing Technology (Digital, Flexography, Lithography, and Others (Print)), and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Laminated labels are utilized in an assortment of uses, which include soft drinks, iced tea, liquor, beer, wine, and others. They are also utilized to display promotional information, such as business information, contact information, special offers, and others. Many companies use them because they are easy to produce, inexpensive, and have a very high production rate.
Market Dynamics
Rapid growth in the manufacturing sector is driving growth of the laminated labels market. Moreover, growing e-commerce industry across developing regions is expected to fuel growth of the market. According to the India Brand Equity Foundation, e-commerce has transformed the way business is done in India. The Laminated Labels Market is expected to reach US$ 45390.27 Million by 2030 from US$ 26843.98 Million in 2021. the growth for the industry is attributed to increase in internet and smartphone penetration.
However, the availability of substitutes is expected to hinder growth of the laminated labels market.
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