Laminated Labels Market Demand and Size In Packaging Industry by 2030

The global laminated labels market size was worth around USD 38.5 billion in 2021 and is predicted to grow to around USD 57.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2022 and 2030.

Key Insights

• As per the analysis shared by our research analyst, the global laminated labels market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2022-2030).
• In terms of revenue, the global laminated labels market size was valued at around USD 38.5 billion in 2021 and is projected to reach USD 57.2 billion, by 2030.
• Factors such as rising demand for manufactured goods and an increase in global disposable income are likely to fuel market expansion over the forecast period.
• Based on the technique, the auto-lamination segment accounted for the largest market share in 2021.
• Based on the finish, the gloss segment is expected to dominate the market over the forecast period.
• Based on the material, the polyester film segment to capture a significant market share over the forecast period.
• Based on region, the Asia Pacific region is expected to hold the largest market share during the forecast period.

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Laminated Labels Market: Growth Drivers

Rapid Growth of the Healthcare and Medical Sector to drive the market growth

Laminated labels have the advantage of being more durable, and as medical and healthcare products have critical information on their labels, they need labels that should survive for a long time. Laminated labels are employed in medications and medical equipment due to this benefit. The growth of the global laminated labels market is being accelerated by the rising manufacturing of medicines. For instance, the total pharmaceutical production in Europe was USD 328.23 billion in 2019, and it grew to USD 354.08 in 2020, a 5.7% rise, according to the European Federation of Pharmaceutical Industries and Association. Therefore, the rapid growth in the healthcare sector is expected to fuel market growth.

Laminated Labels Market: Restraints

Volatility in crude oil prices hampering the market growth

Polypropylene, Polyester Film, Polyethylene, Polyvinyl Chloride, Vinyl, and other upstream petroleum products are widely used as raw materials in the production of laminated labels. Consequently, the fluctuation in crude oil prices has an impact on the price of raw materials used to make laminated labels. According to BP's Statistical Review of World Energy, the price of crude oil has changed recently. For instance, the cost of crude oil decreased from $98.95 a barrel in 2014 to $52.39 in 2015, increased from $43.73 in 2016 to $71.31 in 2018, and then decreased to $64.21 in 2019. Furthermore, the fluctuation in crude oil prices increases the cost of laminated labels. Thus, act as a major restraint for market growth.

Laminated Labels Market: Opportunities

The increasing automotive industry is expected to provide lucrative opportunities for the market expansion

In the automotive and transportation sectors, every high-value part, piece, and surface is packaged and protected throughout import and export. Laminated labels are used in the identification of vehicle parts and components. For instance, China is the largest auto market in the world, according to the International Trade Administration (ITA), and the Chinese government expects that country to produce 35 million vehicles by 2025. As a result of the rising per capita income of the population, which also contributed to the enormous demand for the production of laminated labels in the APAC region, the production of passenger cars in the new member region of the European Union increased from 4,131,358 in 2018 to 4,149,935 in 2019, an increase of 0.4%, according to OICA. Thus, increasing the automobile industry's fuel the global laminated labels market growth.

Laminated Labels Market: Challenges

Environmental protection laws and regulations

One major obstacle to the market expansion for laminated labels is the use of plastic in labels, such as polyester film, polypropylene, and other materials, as well as issues with disposal. As a result of mass production and lack of recycling, plastic landfills are expanding. According to UN Environment, just 9% of plastic is recycled, with the remainder ending up in landfills, dumping sites, and the environment. Governments have established laws and standards governing label recycling. For instance, the UK government and the Devolved Administrations, which are committed to environmental protection, have both expressed a strong desire to establish extended producer responsibility for the packaging, which would require producers to pay the full cost of disposing of the waste they produce.

This review is based on a report by Zion Market Research, titled?“Laminated Labels Market By Technique (Hand-Applied, Brush-On, Spray-On, and Auto-Lamination), By Finish (Gloss, Semi-gloss, Matte, and Others), By Material (Polypropylene, Polyester Film, Polyethylene, Polyvinyl Chloride, Vinyl, and Others), By Printing Ink (Ultraviolet Curing Ink, Solvent-Based Ink, Hot-Melt Based Ink, Water-Based Ink, and Others), By Printing Technology (Flexographic Printing, Screen Printing, Digital Printing, Offset Printing, Letterpress Printing, Gravure Printing, and Others), Industry Vertical (Food & Beverage, Medical and Healthcare, Consumer Goods, Cosmetics and Personal Care, Automotive, Chemicals, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”-?Report at?https://www.zionmarketresearch.com/report/laminated-labels-market

Recent Developments:

• In February 2022, Fedrigoni, a global leader in high-value-added special papers for packaging, publishing, and graphics, as well as premium labels and self-adhesive materials, announced the acquisition of Divipa. A Derio-based corporation that develops, manufactures, and distributes self-adhesive materials. Fedrigoni is the main producer of?wine labels?and plays a leading role in high-tech self-adhesive labels and films for food, pharmaceutical, automotive, personal & home care sectors, and many more. Through this acquisition, the company continues its expansion in the increasingly promising sector of self-adhesive material.
• In November 2021, Based in San Giorgio Monferrato, Bobst Italia completed the acquisition of the assets of Officine Meccaniche Giovanni Cerutti and Cerutti Packaging Equipment, including the service company 24/7 Cerutti Service (Cerutti). The acquisition of Cerutti is consistent with Bobst's strategic objective to further solidify its technological and market dominance in the international gravure printing sector.

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