Laminated Labels Market Overview
Laminated Labels Market size is forecast to reach US$122.4 billion by 2027 after growing at a CAGR of 4.6% during 2022-2027. Lamination is the process of completely encasing a printed or non-printed label to protect it from damage caused by friction, scuffing, aggressive liquids, and harsh conditions. Polyester release liner consisting of polyester film material is widely utilized in the manufacturing of laminated labels. Laminated labels offer long-term imprint readability when compared with labels, owing to which they are often employed in a variety of end-use industries. The laminated labels market is primarily driven by the increasing demand from the food and beverage industry. The increase in the demand for the medical and healthcare industry is accelerating the laminated labels market growth. Furthermore, the rapid growth of consumer products is boosting laminated labels demand, thereby, propelling the laminated labels industry growth during the forecast period.
The COVID-19 pandemic in 2020 proved to be a severe hurdle for laminated labels market expansion, as governments all across the world placed strict restrictions to prevent the pandemic from spreading. Similarly, the sale of cosmetics and personal care products was prohibited as a result of government-imposed restrictions to control the spread, which negatively impacted the growth of the laminated labels industry. For instance, according to the Cosmetics Toiletries and Perfumery Association (CTPA), in the year 2020, the global sales of cosmetics and personal care was €9.29 billion (US$10.4 billion) and in the year 2020, it was €8.71 billion(US$9.9 billion), with a decline of 6.2%. However, when COVID-19 instances began to rise in 2021, governments all over the world determined that production across industries should continue with social distance and other criteria in place to ensure that the economy was not harmed by the COVID-19, which resulted in laminated labels market growth. Furthermore, the COVID-19 pandemic impact is anticipated to end by mid-2022, and the laminated labels industry is expected to develop rapidly.
Laminated Labels Market Segment Analysis – By Technique
The auto-lamination segment held the largest share in the laminated labels market in 2021. Auto-lamination is a widely used technique because in comparison to other techniques labels can be generated in an enormous number of shapes and produced in small batches as needed. Auto-lamination gives the advantage of large-scale production of laminated labels because it employees a single-step method of print, die-cut, and laminate the label. Moreover, in the auto-lamination technique, there are no label breaks or gaps, only a continuous roll of label material is there, which makes it a very straightforward and continuous process. Due to these factors, the auto-lamination technique is widely employed in the manufacturing of laminated labels, and it will further accelerate the laminated labels market growth.
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Laminated Labels Market Segment Analysis – By Finish
The gloss finish segment held the largest share in the laminated labels market in 2021. Gloss finish is widely employed in the laminated labels because in comparison with other finishes it gives the advantage of higher brightness, vibrant, and shinier. Gloss finish generates a high-contrast appearance, making dark darker and light lighter. As a result, images are frequently printed on glossy paper and they are employed in the laminated labels. The gloss finish draws attention to small details, making colors and images pop, while also conveying a sense of sophistication and value. Gloss laminates are widely used in a range of industries to protect label inks from rubbing off or smearing. Thus, due to these advantages of gloss finish, it is anticipated that the laminated labels market will further grow during the forecast period.
Laminated Labels Market Segment Analysis – By Material Type
The polyester film segment held the largest share in the laminated labels market in 2021 and is growing at a CAGR of 5.2% during 2022-2027. Polyester film is widely utilized in laminated labels because in comparison with other materials it gives the advantage of higher flexibility and durability which makes the adhesive tear-resistant The polyester release liner is used in the making of laminated labels. Polyester release liner has higher tensile strength, dimensional stability, and caliper control than other materials. The polyester film gives resistance towards chemicals, temperature, UV, weather, and more which helps the laminated label to last for long on the product. Because of polyester’s high durability and flexibility it can be used in products, containers, chemicals, and more, making its application multipurpose. Furthermore, polyester film materials are relatively low cost and do not require constant replacement, thus making them a cost-effective option. Due, to these benefits polyester film, is widely employed in laminated labels, thereby fueling the laminated labels market growth.
Laminated Labels Market Segment Analysis – By Printing Ink
The ultraviolet curing inks segment held the largest share in the laminated labels market in 2021. The ultraviolet curing inks are extensively utilized in the laminated labels because in comparison with other printing inks it gives the advantage of good print quality and is less harmful to the environment. Ultraviolet curing inks offer several other benefits which are accelerating its demand from the laminated labels market. The ultraviolet curing inks are a particular sort of ink that is cured by an ultraviolet lamp, which turns them from a liquid to a solid in a fraction of the time to air dry. UV inks are also easier to set up on the press and use less energy because they dry almost instantly. However, the cost associated with this ink is higher when compared with other printing inks. Thus, due to these pros of ultraviolet curing ink, it will further aid the laminated labels market growth.
Laminated Labels Market Segment Analysis – By Printing Technology
The flexographic printing technology segment held the largest share in the laminated labels market in 2021. The flexographic printing technology is widely employed in laminated labels because in comparison with other technology such as digital printing, offset printing, and more it gives the advantage of higher versatility, which makes its use on porous, non-porous, flat, and rough surfaces. Flexographic printing has higher compatibility with numerous types of printing inks such as UV-curable, water-soluble, solvent-based, and more. Because of quick-drying inks and automation, it gives the advantage of high performance. Furthermore, it gives the advantages of eco-sustainability, high-quality image reproduction, and lower production costs. As a result of these advantageous qualities of flexographic printing technology, it will propel the laminated labels market growth.
Laminated Labels Market Segment Analysis – By End-Use Industry
The food and beverage segment held the largest share in the laminated labels market in 2021 and is growing at a CAGR of 6.8% during 2022-2027. The laminated labels are widely employed in the food and beverage industry because the laminated labels protect the label from moisture, smudges, and scratches, which helps the label to last longer. In food and beverages, product labeling has to adhere to the guidelines of the U.S Food and Drug Administration (USFDA), to make sure that the description of food and beverage last for long laminated labels are used. The growing demand for the food and beverage industry is accelerating the laminated labels industry growth. For instance, according to Food Drink Europe, the food and beverage industry in Europe produced a 96.7 production index in the second quarter of 2020, and a 104.6 production index in the third quarter of 2020, an increase of 8.2 percent. Thus, the growing food and beverage industry is aiding the laminated labels market growth.
Laminated Labels Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Laminated Labels Market in 2021 up to41%, owing to its increasing use in the end-use industry such as food and beverage, medical and healthcare, and other industries in the region. The increasing durable income in the region has resulted in a growing demand for better quality packaged food. The growing food and beverage industry is fueling the laminated labels market growth. For instance, according to the China Chain Store and Franchise Association (CCFA), in 2018 China’s food and beverage industry was US$584.6 billion, and in 2019 it was US$595 billion, an increase of 7.8%. Moreover, the increasing production of pharmaceuticals in the region is further aiding the laminated labels market growth. For instance according to the International Trade Administration, in 2018 the total Japanese pharmaceutical production was US$62.57 million and in 2019 it was US$84.6 million, with an increase of 35.2%. As a result, the Asia-Pacific region’s rising food and beverage, as well as medical and healthcare industries, are driving the laminated label market growth.
Laminated Labels Market Drivers
Rapid Development of the Medical and Healthcare Sector
The laminated labels give the advantage of higher durability, and medical and healthcare products require labels that should last for long because it has important descriptions on its labels. Because of this advantage laminated labels are used in pharmaceuticals and medical devices. The demand for laminated labels is increasing due to the increasing production of pharmaceuticals, this is accelerating the laminated labels market growth. For instance, according to the European Federation of Pharmaceutical Industries and Association, in 2019 total pharmaceutical production in Europe was €293.2 billion (approximately US$328.23 billion), and in 2020 it increased to €310 billion (approximately US$354.08 billion), an increase of 5.7%. Furthermore, the growing medical device segment is also accelerating the laminated labels industry growth. For instance, according to Invest India, it is forecasted that India’s medical device segment will reach US$50 billion by 2025. Thus, as the demand for the medical and healthcare sector is increasing it is further accelerating the laminated labels market growth.
Growth of Consumer Goods Sector
The laminated labels are widely employed in consumer goods because in comparison with other labels it gives the advantage of enhanced printing features. The increasing demand for smartphones is accelerating the laminated labels market growth. For instance, according to Global System for Mobile Communication, there will be 700 million new mobile subscribers in the world by the year 2025, this will increase the demand for laminated labels. Similarly, the consumer appliances and electronics sector are further aiding the laminated labels industry growth. For instance, according to Invest India, it is anticipated that India’s consumer appliances and electronics industry will reach US$21.18 billion growing at a CAGR of 11% by 2025. Thus the growing demand for consumer goods is anticipated to further fuel the laminated labels market growth during the forecast period.
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Laminated Labels Market Challenges
Government Regulations for Environment Protection
The usage of plastic such as polyester film, polypropylene, and more in labels, as well as disposal problems, is a key impediment to the growth of the laminated labels market. Plastic landfills are growing as a result of mass manufacture and non-recycling. Only 9% of plastic is recycled, according to UN Environment, with the rest ending up in landfills, dumps, and the natural environment. The governments have made rules and regulations for the recycling of labels. For instance, the Devolved Administrations and the UK government, are devoted to environmental protection and have all stated their strong desire to establish extended producer responsibility for the packaging, which would require producers to bear the whole cost of dealing with the trash they generate. All of these elements are posing as a major roadblock for the laminated labels market growth.
Laminated Labels Market Landscape
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in this market. Laminated labels top 10 companies include:
Avery Dennison Corporation
CCL Industries Inc.
Coveris Holdings S.A.
Constantia Flexibles Group GmbH
Hub Labels Inc.
Flexcon Company, Inc.
In July 2019, Coveris acquired 100% shares of Amberly Adhesive Labels Ltd., to strengthen its position in the laminated labels market in the UK.
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Asia-Pacific region dominated the laminated labels market, owing to the growing food processing industry in the region. For instance, according to Invest India, it is anticipated that by 2025 the food processing industry of India will reach US$535 billion by 2025.
The increasing disposable income of people has increased the demand for branded food, which is propelling the laminated labels industry growth.
The advancements in the printing techniques such as digital printing, flexographic printing, and more to demonstrate the data on the labels have boosted the laminated label market growth.
Moreover, materials such as polyester film, polypropylene, polyethylene, polyvinyl chloride are widely utilized in the making of laminated labels.
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