The global laminated labels market is expected to reach USD 106.92 billion by 2024,
according to a new report by Grand View Research, Inc. The growing demand for
packaged ready-to-go food & beverages and increasing labeling requirement
in the pharmaceutical industry are expected to remain key driving factors. In
addition, increasing focus of manufacturers on their products aesthetic appeal
is also expected to have a positive influence on the market growth.
Technological
advancements in label manufacturing & printing techniques coupled with
increasing product innovations in films and other raw materials used in the
manufacture of laminated labels is projected to create new avenues for market
participants.
Access Research Report of Laminated Labels Market@ http://www.grandviewresearch.com/industry-analysis/laminated-labels-market
Further key findings from the report suggest:
· The global laminated labels market demand
was 49.73 billion meter squares in 2015 and is expected to reach 68.43 billion
meter squares by 2024, growing at a CAGR of 3.8%from 2016 to 2024
· Reels emerged as the leading form of
laminated labels and accounted for 75.3% of total market volume in 2015. The
demand for laminated labels in the form of reels is projected to grow on
account of its ease of application and the growing industrial demand for
labels.
· Polyester was the leading laminate product
and accounted for over 30% of the total market volume in 2015. The UV screen
polyester segment is projected to witness the highest growth on account of its
excellent heat and chemical resistance properties. UV sunscreen is expected to
witness the highest growth of 4.4% from 2016 to 2024.
· Food & beverages were the leading
application segment and accounted for 25.0% of total market volume in 2015. The
growth of food & beverages industry, particularly in China and India is
expected to drive this segment over the next eight years. It is also expected
to witness the highest growth of 4.0% over the forecast period.
· Asia Pacific was the leading regional
market and accounted for 37.4% of global demand in 2015. The region is also
expected to witness significant growth on account of rising manufacturing activities
and the growing organized retail market.
· Some leading companies operating in the
global laminated labels market include Avery Dennison Corporation, CCL
Industries Inc., Constantia Flexibles Group GmbH, R.R. Donnelley & Sons
Company, 3M Company, Coveris Holdings S.A., Torraspapel Adestor, Bemis Company,
Inc., Flexcon Company, Inc., and Stickythings Limited.
Grand View Research has
segmented the laminated labels market on the basis of composition, laminate
type, form, application and region:
Global Laminated Labels Composition Outlook (Revenue, USD
Million, 2014 - 2024)
·
Laminate
·
Facestock
·
Adhesive
·
Release Liner
Global Laminated Labels Laminate Type
Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2024)
·
Polyester
·
Polypropylene
·
UV Sunscreen Polyester
·
UL Approved Laminates
·
Others
Global Laminated Labels Form Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2024)
·
Reels
·
Sheets
Global Laminated Labels Application Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2024)
·
Food & Beverages
·
Consumer Durables
·
Home & Personal Care
·
Pharmaceuticals
·
Retail Labels
·
Others
Global Laminated Labels Regional Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com