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What Are the Long-Term Growth Opportunities and Market Size Outlook for the Laminated Labels Market?
The laminated labels market size has grown strongly in recent years. It will grow from $87.31 billion in 2024 to $92.01 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to regulatory compliance, brand enhancement, consumer preferences, globalization, and cost-effectiveness.
The laminated labels market size is expected to see strong growth in the next few years. It will grow to $117.52 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to sustainability trends, e-commerce boom, personalized packaging, rise in pharmaceuticals, health and safety concerns. Major trends in the forecast period include digitalization in printing, technology advancements, sustainable labeling materials, smart labeling solutions, digital printing technology.
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What Are the Key Drivers of the Laminated Labels Market?
The growth in the e-commerce industry is expected to propel the growth of the laminated labels market going forward. The e-commerce industry refers to the buying and selling of goods and services online through the Internet. It provides businesses with a wide range of chances to reach customers and increase sales and a convenient way for customers to shop for products and services online. Laminated labels are used in the e-commerce industry for various purposes, such as product details, shipping labels, packing labels, and bar codes for identification purposes. For instance, in February 2023, according to Ecommerce Europe, a Europe-based association for companies selling products or services online to consumers, France's e-commerce sector (including products and services) generated €146.9 billion ($159.11 billion) in revenue in 2022, indicating a 13.8% growth over 2021. Furthermore, in June 2022, an article published by Morgan Stanley, US-based investment management and financial services company, states that global e-commerce increased from 15% to 21% of total retail sales from 2019 to 2021, accounting for approximately 22% of total sales. Therefore, the growth in the e-commerce industry is driving the growth of the laminated labels market.
How Is the Laminated Labels Market Divided by Type and Application?
The laminated labels market covered in this report is segmented –
1) By Material Type: Polyester, Polypropylene, Vinyl, Other Materials
2) By Composition: Adhesive, Facestock, Release Liner, Other Compositions
3) By Form: Rolls, sheets
4) By Printing Technology: Digital, Flexographic, Lithography
5) By Application: Food And Beverage, Consumer Durables, Home And Personal Care, Pharmaceuticals, Retail Labels, Other Applications
Subsegments:
1) By Polyester, PET (Polyethylene Terephthalate), PETG (Polyethylene Terephthalate Glycol-Modified)
2) By Polypropylene, BOPP (Biaxially Oriented Polypropylene), CPP (Cast Polypropylene)
3) By Vinyl, PVC (Polyvinyl Chloride), Rigid Vinyl, Flexible Vinyl
4) By Other Materials, Paper, Polycarbonate, Synthetic Materials
How Are Current Trends Influencing the Laminated Labels Market Growth?
Product innovations are a key trend gaining popularity in the laminated label market. Companies operating in the laminated label market are focusing on product innovations to sustain their position in the market. For instance, in June 2023, Primera Technology Inc. a US-based manufacturer of digital printing equipment launched AP-CODE Lot & Date Coder. Both newly installed and pre-existing Primera AP360 and AP362 label applicators are compatible with AP-CODE. The device has a full-color touchscreen for data entry and configuration, as well as lot and date codes, so no external power supply is required. Print fields are free-format and can contain multiple symbols, numbers, and letters. Formats can be saved for later usage, which expedites output. The one black ink cartridge sticks to glass, metal, plastic, and laminated labels, among other surfaces. More than a day is needed for decap, which removes blockages and requires overnight printing head capping.
What Are the Top Companies to Watch in the Laminated Labels Market?
Major companies operating in the laminated labels market include RR Donnelley & Sons Company, Lecta Group, FLEXcon Company Inc., Stickythings Limited, Constantia Flexibles Group GmbH, Avery Dennison Corporation, Coveris Holdings SA, CCL Industries Inc., 3M Company, Honeywell International Inc., Tesa SE, Seiko Group Corporation, Cosmo Films, Coast Label Company, UPM Raflatac, Brady Corporation, Fuji Seal International Inc., Henkel AG & Co. KGaA, Inland Label & Marketing Services LLC, Lintec Corporation, Multi-Color Corporation, Refine Packaging, Sato Holdings Corporation, Taghleef Industries Group, Toray Industries Inc., WS Packaging Group Inc., Ameri-Seal Inc., Anchor Printing, Consolidated Label Co., DNP Corporation, Fort Dearborn Company, Germark S.A., Hammer Packaging Corp., Hub Labels Inc., Label Impressions Inc., Label Technology Inc., Lightning Labels
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How Does Laminated Labels Market Growth Vary Across Major Regions?
Asia-Pacific was the largest region in the laminated labels market in 2024. The regions covered in the laminated labels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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