The report "Laminated Labels Market, by Composition (Facestock, adhesive, release liner), Printing ink (water-based, solvent-based, holt melt-based, UV curable), Printing technology (Digital, Flexographic, Lithography), Form (Reels, Sheets) - Forecast to 2020", is projected to grow from USD 75.56 Billion in 2015 to USD 94.49 Billion by 2020, at a CAGR of 4.57% from 2015 to 2020.
The global laminated label market is driven by factors such as strong growth in the food & beverage packaging products and rising demand in consumer durables, logistics, and pharmaceutical supply industries. Rising flexible packaging industry and increasing demand for consumer product present a great opportunity for this market to grow in future. The laminated labels market is witnessing demand owing to the rise in manufacturing activities. However, factors such as high capital investment, printing on the packages, and rising raw material cost inhibit the growth of the market.
The scope of the report
It covers detailed information regarding the major factors influencing the growth of the laminated labels market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, and recent developments associated with the market. The laminated labels market is segmented by composition, form, printing inks, printing technology, application, and region.
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The major players of market
It include 3M company (U.S.), Avery Dennison Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), CCL Industries Inc. (Canada), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.). Companies have adopted mergers & acquisitions to cope with the increasing demand in the emerging markets.
Food & beverage, the largest segment during the forecast period
The food & beverage segment is projected to be the largest market in the next five years. The demand from the food & beverage sector is expected to experience a higher growth rate, mainly because of the growing demand for packaged and branded products, and consumer awareness toward the authenticity of the product. Beverage manufacturers widely use laminated labels on bottles owing to the high durability, aesthetic appeal, and brand positioning they offer.
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Digital printing, the largest market for printing technology segment
Laminated labels market, by printing technology, is classified into seven segments, namely digital printing, flexographic printing, gravure printing, screen printing, lithography, offset, and letterpress. The digital printing segment accounted for the largest market share in 2014 with its numerous benefits such as high-quality, cost-effective solution for manufacturing well-designed laminated labels with recycling options. Digital printing also uses ink-jet printing to print images.
Asia-Pacific projected to attain the largest share in the laminated labels market
Asia-Pacific with emerging economies like China and India will drive the laminated labels market. China is projected to have the largest market share and dominate the Asia-Pacific laminated labels market from 2015 to 2020. Developing markets such as China, Brazil, and India are emerging as growth economies for laminated labels. Growing economies, the increasing population, and the resultant disposable income of people are acting as the main drivers for increased opportunities in these countries.
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