The Global In-Mold Label Market Growth Accelerated By Sustainable Packaging
In-Mold Label Market
In-mold labels are important packaging solutions that offer product and brand identification for a wide range of food and beverage containers. Some key advantages of in-mold labels are their durability, resistance to moisture, scratch proof nature and recyclability. With growing focus on sustainable packaging, in-mold labels have emerged as an eco-friendly alternative to pressure sensitive labels.
The
global In-Mold Label Market is
estimated to be valued at Us$ 5.12 Mn
in 2023 and is expected to exhibit a CAGR
Of 5.6% over the forecast period 2024
To 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increasing demand for sustainable packaging from food and beverage
companies has been a key factor driving the growth of in-mold label market.
In-mold labels are made from polyethylene and polypropylene resins making them
recyclable and environment friendly. They do not require additional adhesives
for attachment to containers making the packaging process more efficient with
reduced wastage. Major food brands are focusing on utilizing eco-friendly
in-mold labels to meet sustainability targets and appeal to environment
conscious consumers. The recyclable nature and efficient production process of
in-mold labels is expected to boost their adoption, contributing significantly
to the market growth over the forecast period.
Segment Analysis
The global in-mold label market is segmented into product type, printing
technology, printing ink, end use industry, and region. Based on product type, the
thermoforming label sub-segment dominates the market as it provides high
dimensional stability along with resistance to chemicals and solvents. Based on
printing technology, the flexographic printing sub-segment dominates as it
provides high-quality printing at relatively low cost and can be used on rigid
and semi-rigid containers.
Key Takeaways
The Global In-Mold Label Market Demand is expected to witness high growth over the
forecast period of 2024 to 2031. The global In-mold Label Market is estimated
to be valued at US$ 5.12 Mn in 2023 and is expected to exhibit a CAGR of 5.6%
over the forecast period 2024 to 2031.
Regional analysis :
The Asia Pacific region is expected to witness the fastest growth in the global
in-mold label market during the forecast period. Countries like China, India,
Japan, and South Korea account for a major share of the region's market. Key
factors such as expanding electronics sector, increasing disposable income, and
rapid industrialization are driving the demand for in-mold labels in the
region.
Key players :
Key players operating in the in-mold label market are Apollo Tyres, Bridgestone
Corporation (Firestone), Alliance Tire Group, Continental AG, Pirelli & C
SpA, Balakrishna Industries Limited, Nokian Tyres PLC, Titan International Inc.
(Goodyear Tires), Michelin , and Trelleborg Wheel Systems (Mitas).
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