In-Mold Labels Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2022

13/mag/2019 16:29:01 MRFR Contatta l'autore

Summary

Global In-Mold Labels Market Information by Technology (Extrusion blow-molding process, Injection molding process, Thermoforming), Material (Polypropylene, Polyvinylchloride, ABS resins), Application (Food & Beverage, Chemicals, Personal Care, Consumer goods) - Global Forecast to 2022

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 in-mold labels market 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.

Key Players

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.)

 Regional Analysis

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.

Industry News

In November, 2017 – Constantia Flexibles to expand production capacity at Austrian pharma plant. Constantia Flexibles Group will invest a double-digit million euro amount in the expansion of production capacity at its manufacturing site for pharmaceutical packaging, Constantia Patz, in Austria. The company will install one double-sided lacquering machine for foils and laminates, as well as one slitting machine operating in a new class 8 cleanroom. 

In November, 2017 – Coveris Holdings SA, a premier global packaging manufacturer, announced that it has realigned its operations into four business units: Americas, Rigid, EMEA, and UK Food & Consumer. This action was taken to continue to enhance how the company delivers service in response to changing market demands.

In October, 2017 – CCL Industries acquires 100% of Acrus CCL a Chilean venture for approximately 6.3 USD Million.

In-Mold Labels Market – Segmentation

The scope of Global In-Mold Labels Market is segmented into three major segments which are explained below:

By Technology

  • Extrusion blow-molding process
  • Injection molding process
  • Thermoforming
  • Others

By Material

  • Polypropylene
  • Polyvinylchloride
  • ABS resins
  • Others

By Application

  • Food & Beverage
  • Chemicals
  • Personal Care
  • Consumer goods
  • Others

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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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