The global market for in-mold labels is projected to grow from USD 2.58 billion in 2015 to reach USD 3.23 billion by 2020, at an estimated CAGR of 4.54% from 2015 to 2020.The in-mold labels market is driven by growing food & beverage and personal care industries. Further more, increasing awareness among consumers about the sustainable labels and their pace of adopting products is one of the biggest factors leading to increase in demand forin-mold labels.
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Complete report on In-mold labels Market spread across 223 Pages, Profiling 11 Companies and supported with 186 Tables and 59 Figures is now available at www.rnrmarketresearch.com/in-mold-…arket-report.html .
The In-mold labels market is growing due to innovative developments in the industrial sectors, growth in the food & beverage industry, and rising demand for eco-friendly and high-performing labels. Increasing awareness among consumers about the sustainable labels and their pace of adopting products is one of the biggest factors that led to the increase in the demand of in-mold labels, especially in the emerging Asia-Pacific and Latin American regions.
- In-mold label manufacturers
- Government and research organizations
- National and local government organizations
- Institutional investors
- In-Mold Decorating Association (IMDA)
Injection molding technology was the most widely used in-mold labels manufacturing process among other technologies, in terms of both volume and value.
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The majority of in-mold labels are used in injection molding applications as they help in providing a three-dimensional effect to the labels on various products such as food & beverages, cosmetics, and automotive parts.
Market for in-mold labels also segmented based on region which includes, North America, Europe, Asia-Pacific, & Rest of the World. European region accounted for largest share of total demand generated by global in-mold labels market in 2014 owing to increasing demand for in-mold labels from countries such as France and Germany due to increasing manufacturing output, rising income & consumption level, & growing demand for effective & efficient labeling.
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of in-mold labels. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 – 50%, Tier 2 – 33%, Tier 3 – 17%
- By Designation: Director level – 50%, C level – 17%, Others – 33%
- By Region: Asia-Pacific – 67%, Europe – 16%, Rest of the World – 17%
Injection molding technology was the most widely used in-mold labels manufacturing process among other technologies, in terms of both volume and value. The majority of in-mold labels are used in injection molding applications as they help in providing a three-dimensional effect to the labels on various products such as food & beverages, cosmetics, and automotive parts.
Based on printing technologies, flexographic printing held the largest market share.
There are certain factors prevailing in the market that hinder the growth of this industry. Lack of awareness about various types of labeling techniques factors in decreasing the demand for this type of labels.
Varying environmental mandates in terms of printing on labels across different regions, and increasing cost of raw materials are significant challenges faced by manufacturers in this market.
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