Laminated Labels Market Size, Share & Trends Analysis Report By Material (Polyester, Vinyl), By Form (Rolls, Sheets), By Type (Adhesive), By Application (Food And Beverages), By Region, And Segment Forecasts, 2024 - 2030
Laminated Labels Market Size, Share & Trends Analysis Report By Material (Polyester, Vinyl), By Form (Rolls, Sheets), By Type (Adhesive), By Application (Food And Beverages), By Region, And Segment Forecasts, 2024 - 2030
Laminated Labels Market Growth & Trends
The global laminated labels market size is expected to reach USD 157.7 million by 2030, expanding at a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing demand for packaged ready-to-go food & beverages and increasing labeling requirement in the pharmaceutical industry are expected to remain key driving factors. In addition, increasing focus of manufacturers on their products aesthetic appeal is also expected to have a positive influence on the market growth.
Technological advancements in label manufacturing & printing techniques coupled with increasing product innovations in films and other raw materials used in the manufacture of laminated labels is projected to create new avenues for market participants.
Laminated Labels Market Report Highlights
Roll emerged as the leading form of laminated labels and accounted for 63.9% of total market volume in 2023. The demand for laminated labels in the form of roll is projected to grow on account of its ease of application and the growing industrial demand for labels.
Polyester was the leading laminate product and accounted for over 36% of the total market volume in 2023. The UV screen polyester segment is projected to witness the highest growth on account of its excellent heat and chemical resistance properties.
Food & beverages were the leading application segment and accounted for 28.6% of total market volume in 2023. The growth of food & beverages industry, particularly in China and India is expected to drive this segment over the next eight years. It is also expected to witness the highest growth of 4.0% over the forecast period.
Asia Pacific was the leading regional market and accounted for 41.2% of global demand in 2023. The region is also expected to witness significant growth on account of rising manufacturing activities and the growing organized retail market.
Some leading companies operating in the global laminated labels market include Avery Dennison Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, R.R. Donnelley & Sons Company, 3M Company, Coveris Holdings S.A., Amtico International, Inc., Flexcon Company, Inc., and Stickythings Limited.
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