Laminated labels market is driven by maximum product range and highest consumption pattern in Food and beverage sector, Asia Pacific to be largest revenue share in laminated labels market
Albany, NY -- (SBWIRE) -- 12/01/2016 -- The need for resistive, durable, and flexible packaging has led to the development of innovative methods and the widespread use of laminated labels in the packaging industry, finds a report by Transparency Market Research (TMR). The report is titled "Laminated Labels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024." It observes that packaging plays a pivotal role in the marketing of products and hence manufacturers of various consumer products are increasingly adopting laminated labels that are attractive and engage customers. These favorable factors as well as the prominent restraining factors have been examined by the report, which estimates a healthy growth rate in the global market for laminated labels during the forecast period of 2016 to 2024.
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The report observes that laminated labels are available in a large variety and have resistive properties against factors such as high moisture, friction, solvents, and weather exposure. As a result, the demand for laminated labels is increasingly consistent over the past few years. Laminated labels are manufactured using polypropylene, polyesters, and other laminates.
It has been found by the report that the food and beverage sector contributes to the most prominent chunk of the laminated labels market across the globe, followed by the pharmaceutical and medical sector. Possibilities of packaging in a variety of sizes is driving these two sectors, which are expected to sustain the demand for laminated labels during the forecast period. Moreover, several other industries such as automobile, paints, furniture, and electronics are swiftly shifting to laminated labels as they offer innovative advertising options.
Conversely, the presence of economical packaging equipment and the capital-intensive nature of laminated labels packaging are highlighted as two of the most significant restraining factors in the market.
The global market for laminated labels can be segmented on the basis of material type, composition, technology, printing ink type, end user, and geography. Geographically, Asia Pacific constitutes for the most significant demand for laminated labels due to a vast population and the increased demand for laminated label packing in the food and beverages industry. The report expects the markets of North America and Europe to rise steadily too during the forecast period, owing to the swelling demand for laminated label packaging in the consumer goods and healthcare sectors in the region.
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Some of the prominent names identified in the global laminated labels market by the report are: Eskay flex, 3M, Avery Dennison Corporation, Cosmo films, Coveris Holdings, RR Donnelley and Sons Company, MG Packaging, Constantia Flexible Group, CCL industries Inc., Woelco Labeling Solutions Inc., Langley Labels, and Stickythings Limited.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.