The global laminated labels market size was valued at USD 41.35 billion in 2021 and is predicted to reach at USD 62.09 billion by 2030, increasing at a CAGR of 4.62% from 2022 to 2030. With a protective coating, laminate labels can withstand chemicals, dampness, and solvents, extending their service life. Laminated labels are the best option for outdoor use because of their high friction plus weather resistance. Unlaminated labels can be damaged by the extreme conditions that unlaminated objects must endure when exposed to high temperatures and ultraviolet radiation. The laminated label includes information about the product, such as the name, address, market, ingredients, QR code, and barcode. All of these elements, along with the labelled base material itself, make up laminated labels. To top it all off, laminated labels shield printed images from damage better than coatings.
A large number of outdoor and chemically-exposed items employ laminated labels because of their durability. Compared to non-laminated labels, laminated labels are preferred in industrial applications because the imprint stays readable and the label is undamaged for a longer period of time. This market's primary drivers include an increase in demand for consumer goods and an increase in activity in logistics. A rise in laminated label sales is predicted to be aided by an increase in the number of companies producing these labels. In addition, factors such as an increase in global disposable income and a growing adoption of manufactured goods may raise market growth prospects till the conclusion of the projected period.
Get more information on this report Download Sample Report
Food And Beverage, As Well As Pharmaceuticals, Have Seen an Increase in Demand
Laminated labels are expected to grow at a healthy rate during the forecast period of 2022-2030, thanks to factors such as increased food and beverage sector demand, logistics application demand, and an increase in the use of laminated labels in consumer durables. As people become more mindful of the importance of authentic products and demand for high-quality, branded, and packaged items, the food and beverage market is expected to increase at a faster rate than the entire market. Market for laminated labels is rising due to the growing use of flexible packaging. Laminated labels save time and money for manufacturers as well as managers because they don't have to replace barcodes that have been damaged or faded.
Labels for healthcare sector products need to be long-lasting because they include critical information. This is why laminated labels are preferred. Laminated labels are utilized in medications and medical equipment because of this benefit. Pharmaceutics output is expanding, which is boosting requirements for laminated labels and boosting the market for laminated labels.
E-Commerce Sector Is Booming and Increasing Preference of Industrial Label
The e-commerce industry's robust expansion is driving the development of the laminated label market. One of the fastest-growing divisions of the retail industry is internet retail. In order to develop brand awareness as well as product through labels, producers from a variety of end-user sectors must advertise their products online. Because the e-commerce business is expected to increase, the market for laminated labels is expected to grow as well.
Laminate labels, on the other hand, are predicted to expand in popularity as a result of increased demand for industrial labels. Over the next five years, the industrial label market is predicted to grow at a CAGR of 4.31%. One of the primary aspects propelling the laminated label industry is the preference for scanning the barcode on a matte finish label rather than a glossy label. As pressure-sensitive technology advances and other choices, such as printing directly on containers, become more readily available, suppliers' negotiating power is projected to grow as well.
Substitutes In the Packaging Industry Act as A Restraint
Substitutes for laminated labels are readily available in the packaging sector. Packages that don't require additional labels are known as flexible packaging and pouches. The need for laminated labels is being hampered by the usage of varnish-coated labels, which have a high gloss appearance. Furthermore, raw materials for laminated labels have risen in price, which has stifled expansion. In addition to increasing the overall market's difficulty, the packaging's printing costs a significant amount of money.
High market rivalry has reduced laminated label producers' profit margins. High rivalry among key end-user industries has led to lower profit margins for label producers as their products are sold at lower costs. As a result, the manufacturer's overall profitability is suffering, which in turn limits the market's expansion.
New Opportunities Are Being Created by Technological Innovations
There will be plenty of money to be made with nanotechnology in the label and package industry during the next few years. Invisible brand protection coding, as well as temperature-indicator labels, are both possible with the help of spy dust or Nano taggants. In addition, producers are working on novel methods of dispersing nano-scale particles directly into fluids, which can be utilized as ink or protective coatings.
The Laminated Labels Market is expected to grow at a rapid rate in the coming years, because to the advancement of labelling technologies including thermoforming and 3D printing. In addition, the development of novel labelling methods, high durability, increasing need for branded and packaged items, and increasing awareness for genuine products have provided enormous commercial opportunities for the global industry to flourish.
The Global Laminated Labels Market is divided into different segments according to the Composition, Laminate Type, Form, Application, and Region (Geography).
By Composition, the Global Market is segmented into Laminate, Facestock, Adhesive, and Release Liner. The piece of the label that may be printed on is called the facestock, and in terms of revenue, this part of the label accounted for the biggest percentage of the market for laminated labels worldwide. As a result of its capability to act as a defensive laminate as well as provide a resistance to moisture or vapor, facestock accounted for the highest market in terms of sales and contributed more than 45% to the market share. This was due to the fact that facestock accounted for the biggest share of the market. It is typically applied to the topmost layer of a laminated labeling and serves the purpose of spacer material in the creation of layered materials.
Over the course of the projected period, significant expansion in the market for release liner is anticipated. Paper, laminated paper, or film that has been coated with silicone can all be utilized in the production of release liners. In addition to this, it is helpful in preserving the adhesive till the label is put.
By Laminate Type, the Global Market is segmented into Polyester, Polypropylene, UV Sunscreen Polyester, UL Approved Laminates, and Others. In 2021, the polyester category was the most successful competitor in the laminate type segment. The rising need for long-lasting labels that are also resistant to a wide range of chemicals and temperatures is expected to be the primary factor driving the rise of polyester laminate for labels throughout the forecasted period.
In the North American & European regions, it is anticipated that the UV sunscreen polyester as well as UL approved laminate market will expand at a high compound annual growth rate (CAGR). It is anticipated that the rising demand for labels that can withstand the effects of ultraviolet light and keep their aesthetic appeal over a prolonged period of time would drive revenue growth.
By Form, the Global Market is segmented into Reels and Sheets. In 2021, the market was dominated by laminated labels that were offered for sale on reels. This trend is anticipated to continue throughout the time period covered by the forecast. When it comes to labelling on a wide scale, the majority of label application equipment uses labels that are wound onto reels. According to the projection, this will lead to an increase in the product demand for reels.
In terms of volume, it is anticipated that the market for laminated labels offered for sale in the form of sheets will expand at a rate of growth of 4.1%. The rising product requirement from domestic and institutional use for labelling amenities, desks, cabinets, files, cupboards, boxes, and many other personal products is what drives the sheets category.
By Application, the Global market is segmented into Food & beverage, Consumer durables, Home & personal care, Pharmaceuticals, Retail labels, and Others. It is anticipated that the food and beverage application would continue to account for the greatest share during the forecast period, as it accounted for 30% of the share in 2021 and had the largest share overall. It is anticipated that rising need for water-resistant labels as well as labels that can be used on chilled and frozen items will increase the demand for products used in food and beverage applications.
Because of expanding labelling requirement laws in the pharmaceutical industry, it is anticipated that the pharmaceutical application market would experience significant expansion in the next years. In addition, an expanding elderly population coupled with an expanding incidence of chronic diseases is likely to fuel the expansion of the market over the course of the forecast period. This is expected to cause an increase in the consumption of medications.
As a result of rising levels of consumer spending, the market for consumer durable goods is anticipated to experience significant expansion over the course of the projection period. It is anticipated that throughout the projected period, the requirement for laminated labels for the application of consumer durables would be driven by the expansion of population in conjunction with rising per capita incomes in emerging nations located in the Asia-Pacific region.
By Region or Geography, the Global Market is segmented into North America, Europe, Asia-Pacific (APAC Region), Latin America, and Middle East & Africa. In terms of volume, the laminated labels industry was dominated by the Asia Pacific market in 2021, with a demand share over 40%. In the laminated labels market, Europe is predicted to hold the second-largest share.
The Global Laminated Labels Market is segmented by geography into North America, Europe, Asia-Pacific (APAC Region), Latin America, and Middle East & Africa.
Regional Growth Insights Request Sample Pages
The Asia-Pacific market for laminated labels dominated the global industry in 2021, with a demand share that was greater than 40%. The expansion of the food and beverage, consumer durable goods, and pharmaceutical industries are the primary factors driving growth in this region. It is anticipated that China and India would see rapid expansion, which will thereafter be joined by several South East Asian nations.
It is expected that the market expansion in Asia Pacific will be boosted by the rising levels of foreign direct investments (FDI) and the favourable government policies that have been implemented in China and India. It is anticipated that the implementation of rules governing labelling and packaging requirements in accordance with the CLP Regulation on the categorization, labelling, and packaging of chemicals and mixtures will support the growth of the laminated labels market in the region.
When it comes to the market for laminated labels, it is anticipated that Europe would hold the second-largest share. Countries like Germany, the United Kingdom, France, Italy, as well as Spain are the primary drivers of the market in Europe. Because of an upsurge in demand for premium & filmic laminated labels, it is anticipated that Germany would experience the highest expansion over the course of the projection period.