SEATTLE, April 10, 2018 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global in-mold label market was valued at US$ 2.70 Billion in 2017 and is projected to exhibit a CAGR of 5.05% over the forecast period (2018–2025). In-mold labeling and decorating are completed using plastic injection molded process and no secondary procedures are needed. This reduces the decorating labor, equipment costs, and time.
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Key Trends and Analysis of the In-mold label Market:
- Among materials, the polypropylene held the largest market share in the global in-mold label market in 2017. Polypropylene (PP) is the widely used material, due to its moisture-resistant properties. Majority in-molds deploy injection molding, as it helps in providing a three-dimensional effect to the labels on various products such as food & beverages and cosmetics.
- Among end-use industries, food and beverages segment held the dominant position in the global in-mold label market in 2017. Demand for labeling is increasing from the food & beverage industry, owing to growing demand for packaged foods in emerging economies such as India, China, and Brazil.
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Key Market Takeaways:
- Asia Pacific was the fastest growing region in the global in-mold label market in 2017. The food and beverages industry in China and India witnessed significant growth in 2017. According to the Agriculture and Agri-Food Canada Association, the packaged food market in China is expected to be valued at around US$ 347 billion by end of 2018, due to rising demand for packaged foods from consumers. This is due to factors such as ease of consumption and convenience among others. Therefore, in-mold labels play an important role in the food and beverages industry, as a packaging solution.
- Three-dimensional (3D) printing in IML is gaining popularity, as in-mold labels can be created in the shape of the product or the part that it covers, while delivering a 3-D effect to the label. Therefore, designs such as camouflage patterns can easily be applied to durable goods with no buckling, stretching, or wrinkling. Some of the major players include Avery Dennison, CCL Industries, Constantia Flexibles, Coveris, EVCO Plastics, and Inland labels.
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