In-Mold Labels Global Market – Overview
The key factor contributing to the growth of the global In-Mold Labels Market is the automated nature of the in-mold labeling process. In-mold labeling reduced the traditional processes such as hand finishing, polishing, finishing and changing of stack mold. The raw material used to manufacture in-mold labels is polypropylene. Polypropylene is extremely versatile as a plastic material. Many manufacturers in the market are developing advanced technologies.
As per the study conducted by Market Research Future, the global market for in-mold labels is likely to grow at the CAGR of around 10.35%.
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In-Mold labels are made up of plastic films printed with various printing techniques. The film is cut to give the required shape of the label. The label is placed in the mold being used for the manufacturing of the container. With the heat of the molten or expanding plastic, the back surface of the in-mold label also melts slightly and adheres on the surface of the container. On getting cooled in atmospheric temperature, the container and the label forms a strong bond and acts as a single unit. In-mold labelling results in no post-labelling processes, thereby saving time and labour. In-mold labelled containers are weightless due to no usage of glue for labelling. Offset printing is widely adopted for printing in-mold labels. The food packaging industry is the most prominent consumer of in-mold labels along with other industries such as beverage, pharmaceutical, chemical, automotive, etc.
The key players in global in-mold labels market are CCL Industries, Inc. (Canada), Constantia Flexibles Group GmbH (Austria), Huhtamaki Group (Finland), Coveris Holdings S.A. (Luxembourg), Cenveo Inc. (U.S.), Fuji Seal International, Inc. (Japan), Multicolor Corporation (U.S.), EVCO Plastics (U.S.), Innovia Films Ltd. (U.K), Inland Label and Marketing Services, LLC (U.S.), Mepco Label Systems (U.S.), Avery Dennison Corporation (U.S.), Century Label , Inc. (U.S.), Allen Plastic (Taiwan), and Ameri-Seal Inc. (U.S.)
Geographically, the global In-Mold Labels Market has been divided into North America, Europe, Asia Pacific and Rest of the World. European region accounted for the largest share in terms of both value and volume followed by North America and Asia Pacific with APAC being the fastest growing market. The share is attributed to the flourishing food & beverages industries in the region. Furthermore, the demand is also augmented by the increased consumption of cosmetics, mark-up products, skin care products, etc. APAC is expected to show similar results with its fastest growing market by the end of the forecasted period.
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In-Mold Labels Market – Segmentation
The scope of Global In-Mold Labels Market is segmented into three major segments which are explained below:
Extrusion blow-molding process
Injection molding process
Food & Beverage
In-Mold Labels Global Market - Competitive Analysis
In-Mold Labels Market will continue to develop globally, as the market for packaging is highly competitive and there is always a rising demand for subsequent packaged goods. The prominent market players continuously strive for sustainable development of their product, so as to stay on top in the In-Mold Labels Market. Most of the major market share is hold by the tier 1 companies in the electrical component industry. New entrants are highly subjected to risk while competing in a well matured market, whereas it will be less competitive for the new entrants to enter into emerging economies.
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