Pune, India -- (SBWIRE) -- 05/07/2018 -- The key factor contributing to the growth of the global in-mold labels market is the automated nature of the in-mold labeling process. In-mold labeling reduced the traditional processes such as hand finishing, polishing, finishing and changing of stack mold. The raw material used to manufacture in-mold labels is polypropylene. Polypropylene is extremely versatile as a plastic material. Many manufacturers in the market are developing advanced technologies. Global in-mold labels market is estimated to grow at ~ 5% CAGR during the forecast period.

In-Mold labels are made up of plastic films printed with various printing techniques. The film is cut to give the required shape of the label. The label is placed in the mold being used for the manufacturing of the container. With the heat of the molten or expanding plastic, the back surface of the in-mold label also melts slightly and adheres on the surface of the container. On getting cooled in atmospheric temperature, the container and the label forms a strong bond and acts as a single unit. In-mold labelling results in no post-labelling processes, thereby saving time and labour. In-mold labelled containers are weightless due to no usage of glue for labelling. Offset printing is widely adopted for printing in-mold labels. The food packaging industry is the most prominent consumer of in-mold labels along with other industries such as beverage, pharmaceutical, chemical, automotive, etc.

The prime factors powering the demand for in-mold labels are a growing demand for food packaging, complete recyclability, no label look, no requirement of glue, and a saving in time and effort in post-labelling. In-mold labels can be printed with various printing technologies including high graphic flexography, digital, offset and other printing technologies. Low weight containers due to no requirement of glue for labelling and enhanced strength of the in-mold labelled container are other factors that influence consumer attraction. In-mold labels can be made up of barrier IML, which provides barrier to oxygen, light and odour. Transparent look, where contents of the in-mold labelled container are clearly visible enhances the consumer experience at the time of consumption.

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With increasing GDP and purchasing power of consumers, the demand for attractive packaging is rising. In-mold labelling increases the shelf life of the label as the labels do not fall off easily. The bond between the label and the container requires a lot of effort for separation. Barrier in-mold labels, made up of barrier materials such as EVOH, PVOH, PVDC and others provide various barriers such as barrier to oxygen, light, odour and others. This increases the quality and shelf life of packaged food and pharmaceutical products. The in-mold label is placed inside the mold of the container and subsequently melts with the heat of the expansion of the plastic resin that forms into the container. Thus, it requires no extra heat and labour for the post-labelling process. These factors are anticipated to boost revenue growth of the global in-mold labels market over the forecast period.

Industry News

In November, 2017 – Constantia Flexibles to expand production capacity at Austrian pharma plant. Constantia Flexibles Group will invest a double-digit million euro amount in the expansion of production capacity at its manufacturing site for pharmaceutical packaging, Constantia Patz, in Austria. The company will install one double-sided lacquering machine for foils and laminates, as well as one slitting machine operating in a new class 8 cleanroom.

In November, 2017 – Coveris Holdings SA, a premier global packaging manufacturer, announced that it has realigned its operations into four business units: Americas, Rigid, EMEA, and UK Food & Consumer. This action was taken to continue to enhance how the company delivers service in response to changing market demands.

In October, 2017 – CCL Industries acquires 100% of Acrus CCL a Chilean venture for approximately 6.3 USD Million.

Key Players

CCL Industries Inc., Constantia Flexibles Group GmbH, Coveris Holding S.A, Cenveo Inc., EVCO Plastics, Fuji Seal International Inc, Huhtamaki Group, Inland Label & Marketing Services, LLC, Innovia Films Ltd and Multicolor Corporation are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global in-mold labels market.

In-Mold Labels Global Market - Competitive Analysis

In-Mold Labels market will continue to develop globally, as the market for packaging is highly competitive and there is always a rising demand for subsequent packaged goods. The prominent market players continuously strive for sustainable development of their product, so as to stay on top in the In-Mold Labels market. Most of the major market share is hold by the tier 1 companies in the electrical component industry. New entrants are highly subjected to risk while competing in a well matured market, whereas it will be less competitive for the new entrants to enter into emerging economies.

Food & beverage is the dominant industry due to the increase in demand for packaged food items, branded products and consumer awareness toward authenticity of the product. European region accounted for the largest share in terms of value and volume followed by North America and Asia Pacific. The share is attributed to the increasing demand for in-mold labels, increasing manufacturing output, rising income and consumption level, and growing demand for effective and efficient labeling solutions.

Geographically, the global In-Mold Labels market has been divided into North America, Europe, Asia Pacific and Rest of the World. European region accounted for the largest share in terms of both value and volume followed by North America and Asia Pacific with APAC being the fastest growing market. The share is attributed to the flourishing food & beverages industries in the region. Furthermore the demand is also augmented by the increased consumption of cosmetics, mark-up products, skin care products, etc. APAC is expected to show similar results with its fastest growing market by the end of the forecasted period.

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In-Mold Labels Global Market – Segmentation

The scope of Global In-Mold Labels Market is segmented into three major segments which are explained below:

By Technology
- Extrusion blow-molding process
- Injection molding process
- Thermoforming
- Others

By Material
- Polypropylene
- Polyvinylchloride
- ABS resins
- Others

By Application
- Food & Beverage
- Chemicals
- Personal Care
- Consumer goods
- Others

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