Global Laminated Labels Market - Overview
Market Research Future (MRFR), in its latest published report on the world linerless label market 2020, discuses factors that can rise the expansion of the world market. The high utility of Laminated Labels due to pressure sensitive feature can prompt the expansion of the world linerless label market in the coming years.
Laminated Labels Market is expected to increase the market value to USD 75.42 Billion for the year 2020. Further, the market has predicted to meet the Market Size of USD 100 Billion for the forecast period of 2028, and the global market has aimed to meet a CAGR of 4% by the end of the year 2028, as per the current Market Research Future (MRFR) analysis. Labels are used for displaying information in the form of electronic, graphic, or written communication on the product package. The laminate label is completely transparent and offers protection against the wrinkles, tears, moisture, grease, oil, dirt, abrasions, marks, smudges, fingerprints, spills, stains, and other contaminants. Laminated labels offer ultimate longevity and durability when weather exposure and high friction are the key concerns. These labels are resistant to ultraviolet radiations and extreme temperatures and adeptly withstand harsh conditions that otherwise would cause physical damage to non-laminated items.
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Global Laminated Labels Market – Prominent Players
The notable players profiled in the global laminated labels market report include Stickythings Limited, Flexcon Company, Inc., Bemis Company, Inc., Torraspapel Adestor, R.R. Donnelley & Sons Company, Coveris Holdings S.A., Constantia Flexibles Group GmbH, 3M Company, CCL Industries Inc., and Avery Dennison Corporation, among others.
The global laminated labels market is fragmented as well as competitive due to the presence of many domestic & international industry players. They have incorporated assorted strategies to stay at the forefront and also cater to the surging needs of the customers like collaborations, contracts, partnerships, new product launches, geographic expansions, joint ventures, and more. Additionally, these players are also incurring heavy investments in R&D activities for strengthening their portfolios as well as creating a hold in the market.
Various factors are fuelling the global laminated labels market share. As per the latest MRFR market estimates, such factors include the growing need for consumer product, rising logistics, growth in manufacturing activities, increasing industrial applications, increasing use in different end user industries such as home and personal care, consumer durables, and food and beverage, and increasing preference for a semi-gloss/matte finish in laminates over glossy labels. The additional factors fuelling market growth entails the growth of the e-commerce, increasing consumer awareness, growing product innovations, rising advanced technology in retail operations to improve the efficiency of various products, cost-efficient nature, rising online shopping, transparency labeling, expanding demand for manufactured goods, and rise in disposable income.
On the contrary, lack of awareness, varying cost of raw material, impact of the COVID-19 pandemic, and related risk in the capital investment may limit the global laminated labels market growth over the forecast period. Moreover, as in the case of other types of grouts that require frequent cleaning, the epoxy resins’ non-porous property prevents collection of grime, moisture or dirt, which is another property that adds to its appeal among the end-users. Although epoxy Laminated Labels can be quite challenging in terms of installation, it still remains ahead of other segments due to extended longevity with better cleaning techniques.
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Laminated Labels Market - Segments:
The Market Research Future report throws light on an inclusive segmental analysis of the global laminated labels market size based on printing technology and application.
By printing technology, the global laminated labels market is segmented into lithography, flexographic, digital printing, and others. Of these, the digital printing segment will lead the market over the forecast perod.
By application, the global lminated labels market is segmented into pharmaceuticals, personal care, consumer goods, food and beverages, and others. Among these, food and beverage will dominate the market over the forecast period.
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Laminated Labels Market - Regional Analysis:
North America, followed by Europe and Asia Pacific are regional segments of the Laminated Labels Market. The analysis of the market is done for the Rest of the World (RoW). In the Asia Pacific region, the Laminated Labels Market is likely to dominate at the highest growth rate. The high demand for Laminated Labels across the retail industry to curb incidence of theft can prompt the expansion of the lineless label global industry. Industrial expansion in the region can prompt the expansion of the regional market. The rise in purchase capacity of consumer and alterations in lifestyle can prompt the growth of Asia Pacific Laminated Labels Market. The high adoption of Laminated Labels Market in China, Thailand, Japan, India, and the rest of APAC can support Asia Pacific market.
The global market for Laminated Labels is getting huge traction due to the massive rise in demand from the pharmaceutical sector. This rise is to bolster the COVID-19 pandemic treatment across countries and supply frontline fighter like doctors and nurses with sufficient medical support that they can use on their patients to improve their conditions. The segment is also getting a huge tailwind from the research and development sector, where universities and laboratories invest much time finding a proper cure for the disease. This growth would remain strong in the coming years as the pandemic is yet to subside.
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