Market Size of Laminated Labels Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.17 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Laminated Label Market Analysis
The laminated labels market was valued at USD 82.81 billion in 2020 and is expected to reach USD 112.05 billion by 2026, at a CAGR of 5.17% over the forecast period 2021 - 2026. Laminated labels are extensively used in outdoor products, products exposed to chemicals and wet or muggy environments. Laminated labels have seen an increased preference in industrial uses as it guarantees that the imprint remains readable and the label is unimpaired for a longer span as compared to non-laminated labels. The fundamental drivers of the global laminated labels market include growing demand for consumer products and growth noted in the logistics business. Also, expanding manufacturing activities are supposed to foster the growth noted in the global laminated labels market. Moreover, factors, such as the expanding demand for manufactured goods and an upsurge in the disposable income of people globally may boost the prospects for market growth until the end of the forecast period.
- Growing preference for a semi-gloss or matte finish in laminates over glossy labels due to easy scanning of barcode on a matte finish label is one of the principal trends driving the laminates segment over the estimated period. Aesthetics and high performance from emerging pressure-sensitive technologies are anticipated to further drive the product demand.
- The segment of food and beverages is inclined to spearhead the global laminated labels market. This can be attributed to the growing awareness of consumers towards authentic products. Apart from that, greater durability and mounting preference towards packaged and branded products are destined to encourage higher growth for the global laminated labels market.
- Competition in the laminated labels market is progressing considerably owing to the advancement in labeling technologies such as 3D printing and thermoforming. Laminated label converters are interested in developing innovative labeling solutions that can endure severe weather conditions such as severe temperature and abrasion.
- In terms of volume, the Asia Pacific market influenced the global laminated labels industry. The growth in this area is driven by expanding consumer durables, food & beverage, and pharmaceutical industry. China and India are forecasted to experience healthy growth accompanied by other Southeast Asian countries.
Laminated Label Industry Segmentation
Laminated Labels are utilized to seal the base label optimally to give protection against mechanical stress, weathering, and chemical influences. The principal purpose is to give strong protection through multiple layers of composite elements in a laminate. Various films are available that can enhance the appearance as aspired with optical design effects.
By Material Type | |
Polyester | |
Polypropylene | |
Vinyl | |
Other Material Types |
By Form | |
Rolls | |
Sheets |
By Composition | |
Adhesive | |
Facestock | |
Release Liner |
By Application | |
FMCG | |
Manufacturing | |
Fashion and Apparel | |
Electronics and Appliance | |
Pharmaceuticals | |
Retail Labels | |
Other Applications |
Geography | ||||||
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Laminated Labels Market Size Summary
The laminated labels market is experiencing significant growth, driven by increasing demand across various sectors such as consumer goods, logistics, and manufacturing. These labels are preferred for their durability and resistance to environmental factors, making them ideal for outdoor and industrial applications. The market is further propelled by the rising disposable income and demand for manufactured goods globally. Trends such as the preference for semi-gloss or matte finishes, which facilitate easier barcode scanning, are also contributing to the market's expansion. The food and beverage sector is expected to lead the market due to heightened consumer awareness and preference for durable, branded packaging. Technological advancements in labeling, such as 3D printing and thermoforming, are fostering competition and innovation within the industry.
The Asia-Pacific region holds a dominant position in the global laminated labels market, with countries like China and India driving growth due to their expanding consumer durables, food and beverage, and pharmaceutical industries. The region's market is supported by favorable governmental policies and foreign direct investments, which are expected to bolster the manufacturing sector. The laminated labels market is moderately competitive, with established and emerging vendors engaging in mergers and acquisitions to enhance their market share. Collaborations, such as those between L’Oréal and Avery Dennison, aim to promote sustainability by reducing label waste, further influencing market dynamics. As the FMCG sector continues to adopt smart technologies, the demand for laminated labels is anticipated to rise, offering brands opportunities to enhance customer engagement and supply-chain integrity.
Laminated Labels Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Augmented Demand for Packaged Foods & Beverages
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1.3.2 Increasing Consumer Awareness About Information of the Product
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1.4 Market Restraints
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1.4.1 Rising Use of Metallized Foils
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1.4.2 Increase in Prices of Raw Material and Diminished Profit
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Material Type
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2.1.1 Polyester
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2.1.2 Polypropylene
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2.1.3 Vinyl
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2.1.4 Other Material Types
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2.2 By Form
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2.2.1 Rolls
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2.2.2 Sheets
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2.3 By Composition
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2.3.1 Adhesive
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2.3.2 Facestock
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2.3.3 Release Liner
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2.4 By Application
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2.4.1 FMCG
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2.4.2 Manufacturing
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2.4.3 Fashion and Apparel
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2.4.4 Electronics and Appliance
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2.4.5 Pharmaceuticals
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2.4.6 Retail Labels
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2.4.7 Other Applications
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 France
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2.5.2.3 United Kingdom
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2.5.2.4 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Rest of Asia-Pacific
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2.5.4 Latin America
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2.5.4.1 Brazil
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2.5.4.2 Rest of Latin America
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2.5.5 Middle-East & Africa
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2.5.5.1 South Africa
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2.5.5.2 Rest of Middle-East & Africa
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Laminated Labels Market Size FAQs
What is the current Laminated Labels Market size?
The Laminated Labels Market is projected to register a CAGR of 5.17% during the forecast period (2024-2029)
Who are the key players in Laminated Labels Market?
Avery Dennison Corporation, Coveris Holdings S.A., CCL Industries Inc., Constantia Flexibles Group GmbH and 3M Company are the major companies operating in the Laminated Labels Market.