Global laminated labels market size was estimated at USD 75.36 billion in 2015 and is expected to grow at a CAGR of 4.1% over the forecast period. Increasing product use in the food & beverages, consumer durables, and the pharmaceutical industry is anticipated to boost market growth over the forecast period.
Laminated labels are widely used on outdoor products, products exposed to chemicals, and wet or humid environments. Laminated labels have observed increased preference in industrial applications as it ensures that the imprint remains readable and the label is intact for a longer duration as compared to non-laminated labels
The market has witnessed an increasing trend of integration across the value chain through product manufacturing and distribution. In addition, industry participants employ various strategies including mergers & acquisitions and expansion of production capacities in order to gain the market share.
Increasing preference for a semi-gloss or matte finish in laminates over glossy labels owing to easy scanning of barcodes on a matte finish label is one of the major trends driving the laminates segment over the forecast period. Aesthetics and high performance from evolving pressure-sensitive technologies are expected to further drive the product demand.
The market exhibits high bargaining power of buyers. Availability of substitutive options such as direct printing on containers, coupled with low switching cost of suppliers is expected to further increase their bargaining power. Furthermore, numerous suppliers offering the product to the buyers allow them to negotiate the pricing.
On the basis of composition, the market is divided into laminate, facestock, adhesive, and release liner. The facestock is the printable portion of the label, it accounted for the largest share in the global laminated labels market in terms of revenue.
Facestock accounted for the largest market share in terms of revenue and contributed over 40% to the market share, owing to its ability to act as a protective laminate and provide a barrier to moisture or vapor. It is generally placed as a top layer of a laminated label and functions as spacer material in a layered construction.
Release liner is estimated to USD 27,481.7 million by 2025 and is expected to witness significant growth over the forecast period. A release liner can be made of paper, coated paper, or film that is coated with silicone. It also helps to retain the adhesive until the label is applied.
The polyester segment was the leading laminate type segment with volume exceeding 14 billion square meters, in 2014. The growing preference for durable labels with excellent chemical and heat resistance is anticipated to drive the growth of polyester laminate for labels over the projected period.
The UV sunscreen polyester and UL approved laminate segment is expected to grow at a high CAGR in the North American and European region. The increasing demand for UV resistant labels which can retain its aesthetic appeal and not fade over a long duration is expected to boost revenue growth.
Laminated labels sold in the form of reels dominated the market in 2014, with volume exceeding 36 billion square meters, and is expected to continue the trend over the forecast period. Most label application equipment use labels in the form of reels for large scale labeling purposes. This is projected to augment the product demand in the form of reels.
Laminated labels sold in the form of sheets is projected to grow at a growth rate of 3.6% in terms of volume. The sheets segment is driven by increasing product demand from household and institutional consumption for labeling utilities, desks, drawers, files, cabinets, boxes, and other personal products.
The food & beverage application accounted for the largest share in 2014, accounting for 25% of the share and is expected to continue the trend over the forecast period. Rising demand for waterproof labels and labels used on refrigerated and frozen products is projected to drive the product demand for food & beverage applications.
The pharmaceutical application segment is expected to witness substantial growth on account of growing labeling requirement regulations in the pharmaceutical sector. In addition, rising consumption of medicines, owing to increasing geriatric population coupled with burgeoning incidences of chronic diseases is expected to drive the industry growth over the forecast period.
Consumer durables is expected to reach USD 22,646.4 million by 2025 owing to increasing consumption of consumer products. Rising disposable income in emerging economies in Asia Pacific, coupled with population growth is predicted to drive the demand for laminated labels for consumer durables application over the forecast period.
In terms of volume, Asia Pacific market led the global laminated labels industry with demand share exceeding 35% in 2015. The growth in this region is driven by growing food & beverage, consumer durables, and the pharmaceutical industry. China and India are projected to experience vigorous growth followed by other South East Asian countries.
Increasing foreign direct investments and favorable governmental policies were undertaken in China and India are projected to boost market growth in Asia Pacific. Implementations of regulations governing labeling and packaging requirements as per CLP Regulation on the classification, labeling, and packaging of substances and mixtures is projected to boost the laminated labels market growth in the region.
Europe is expected to account for the second-largest share in the laminated labels market. The market in Europe is driven by countries such as Germany, the UK, France, Italy, and Spain. Germany is projected to witness the highest growth over the forecast period on account of increasing demand for premium and filmic laminated labels.
The industry is highly competitive with major companies involved in constant product innovation and research activities in order to boost their product offerings. Manufacturing and printing labels that are compliant with the US FDA Labeling Rules and other food and product labeling guidelines provide a competitive edge to companies operating in this industry.
Key companies in the industry include Avery Dennison Corporation, CCL Industries Inc., 3M Company, Constantia Flexibles Group GmbH, Coveris Holdings S.A., R.R. Donnelley & Sons Company, Torraspapel Adestor, Bemis Company, Inc., Flexcon Company, Inc., Stickythings Limited, and Bemis Company, Inc.
Attribute |
Details |
Base year for estimation |
2015 |
Actual estimates/Historical data |
2014 |
Forecast period |
2014 - 2024 |
Market representation |
Volume in Million Meter Square, Revenue in USD Million and CAGR from 2016 to 2024 |
Region Scope |
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
Country scope |
The U.S., Canada, Mexico, Germany, the U.K., France, China, India, Japan, Brazil, South Africa |
Report coverage |
Volume forecast, revenue forecast, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analysts working days) |
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