Laminated Labels Market Forecasts to 2028 – Global Analysis By Composition (Facestock, Adhesive), Finish (Matte, Semi-Gloss), Printing Technology, and By Geography

Laminated Labels Market Forecasts to 2028 – Global Analysis By Composition (Facestock, Adhesive), Finish (Matte, Semi-Gloss), Printing Technology, and By Geography

According to Stratistics MRC, the Global Laminated Labels Market is accounted for $100.34 billion in 2021 and is expected to reach $136.55 billion by 2028 growing at a CAGR of 4.5% during the forecast period. Labels are used to display information in the form of electronic, written, or graphic communication on the product package. Laminated labels are resistant to extreme temperatures and UV light and withstand the harsh conditions that can cause physical damage to unlaminated items. Laminated labels cover details regarding the product, such as product name, address, market information, ingredients, QR code, barcode, etc.

Increasing per capita income, along with the rise in the demand from the end-use sectors such as pharmaceutical, food, and beverages, FMCG is driving the labels market. According to a survey by the International Food Information Council, in 2019, 59% of respondents said that they always read labels on packaged food before buying it for the first time and among those, the nutrition facts panel (69%) and the ingredient list (67%) are the two places where the most consumers look for information about food healthfulness. Therefore, information labeling on a food package would have a strong influence on a consumer’s purchase decision thereby propelling the market growth.

Market Dynamics:

Driver:

Increasing demand from the medical and healthcare sector

The laminated labels give the benefit of higher durability, and medical and healthcare products need labels that have to last for long because it has important descriptions on their labels. Because of this benefit, laminated labels are utilized in pharmaceuticals and medical devices. The demand for laminated labels is expanding because of the increasing production of pharmaceuticals, this is accelerating the laminated labels market growth. Moreover, the growing medical device segment is also accelerating the laminated labels industry growth. Thus, as the demand for the medical and healthcare sector is increasing it is further accelerating the laminated labels market growth.

Restraint:

Prices of raw material

High raw material costs are at the forefront of the agenda of both the end-user packaging buyers and their label converter suppliers. Rising raw materials costs have been high on the list of concerns. Rising oil and petrochemical prices, as well as prices of film materials, inks, and even paper and wood pulp are creating a difficult route to profitable business for all concerned in the label industry value chain. The economy is straining labeling budgets, but labeling engineers report that maintaining quality is more important than cost cutting. Without the right packaging, those commodities could get damaged in shipment or exposed to contaminants that limit their effectiveness. The added cost of the purchase may seem counterproductive and not a cost effective solution, especially in times of economic recession.

Opportunity:

Improvement in labeling technologies

The rising improvement in labeling technologies such as thermoforming and 3D printing upgrades the growth of the laminated labels market and brings more opportunities for manufacturers and industrialists. Along with that, the development of innovative labeling solutions, high durability, increasing demand for branded & packaged products, and consumer awareness for authentic products have brought immense business opportunities for the global market to grow.

Threat:

Poor mechanical susceptibility

The appropriate functioning of labels is hampered if they consist of metal or foil-based and liquid-based. In liquid-based, RFID signal is being absorbed by the labels leading to an unreadable tag. Thus, poor mechanical susceptibility characteristics lead to inefficient functioning of labels acting as a challenging factor to the growth of the market.

The digital printing segment is expected to be the largest during the forecast period

The digital printing segment is estimated to have lucrative growth as this technology presents a high-quality and cost-effective solution for manufacturing well-designed linerless labels with recycling options. It is a broadly utilized technology by manufacturers across different end-user industries. Stockpiling of pre-printed labels and products has become irrelevant due to digital productions print-on-demand and personalization capabilities.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

The pharmaceuticals segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the growing labeling requirement regulations in the pharmaceutical sector. In addition, the rising consumption of medicines, owing to the increasing geriatric population coupled with burgeoning incidences of chronic diseases.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to increasing foreign direct investments and favorable governmental policies undertaken in China and India. Implementations of regulations governing labeling and packaging requirements as per CLP Regulation on the classification, labeling, and packaging of substances and mixtures are projected to boost the laminated labels market growth in the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to the growing demand for high-quality, film laminated labels, etc, and rising disposable income of people. The market in Europe is driven by countries such as Germany, the UK, France, Italy, and Spain.

Key players in the market

Some of the key players profiled in the Laminated Labels Market include Cenveo Corporation, Ravenwood Packaging, Torraspapel Adestor, Stickythings Limited, Reflex Labels Ltd, Hub Labels, Gipako, FLEXcon Company, Inc., Coveris Holdings S.A., RR Donnelley & Sons Company, CCL Industries Inc., Bemis Company, Inc., Avery Dennison Corporation, 3M Company and Constantia Flexible Group GMBH.

Key Developments:

In July 2019, Coveris Holdings S.A. acquired Amberley Adhesive Labels Ltd a company based in Dorset, UK. The deal was closed 31 July at an undisclosed amount. Introducing the Coveris strategy, they clearly committed to invest and grow the business in high potential areas. The acquisition of Amberley clearly underpins this endeavour.

In November 2019, Avery Dennison Corporation launched its Lamination Adhesives Portfolio, which enables durable labels to maintain critical product messaging over an item’s lifetime. These laminations preserve messaging and instructions such as safety warnings, operating instructions, serial numbers and warranty information, allowing them to remain legible on products, many of which are designed to have a product life of more than three years.

Compositions Covered:
• Release Liner
• Facestock
• Adhesive
• Raw Materials for Laminated Labels

Finish Covered:
• Semi-Gloss
• Matte
• Gloss

Techniques Covered:
• Spray-On
• Hand-Applied
• Brush-On
• Auto-Laminate

Types Covered:
• Polypropylene
• Vinyl
• Polycarbonate
• UL Approved Laminates
• Polyvinyl Chloride
• Ultraviolet Sunscreen Polyester
• Polyethylene
• Polyester Film

Forms Covered:
• Sheets
• Reels

Printing Inks Covered:
• Water-based Ink
• Ultraviolet-Curable based Ink
• Solvent-based Ink
• Hot-Melt-based Ink

Printing Technologies Covered:
• Screen Printing
• Offset Printing
• Lithography Printing
• Letterpress Printing
• Gavure Printing
• Flexographic Printing
• Digital Printing

End Users Covered:
• Medical and Healthcare
• Food & Beverage
• Chemicals
• Automobiles
• Fast Moving Consumer Goods (FMCG)
• Cosmetics and Personal Care
• Retail Labels
• Pharmaceuticals
• Manufacturing
• Electronics and Household Appliance
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances