Laminated Labels Market Dynamics, Size, Share, Growth Factors & Forecast 2024
Sarasota, FL -- (SBWIRE) -- 10/02/2017 -- Packaging plays a vital role in product promotion and branding. It has traveled a long journey from just a need of the business strategy to an integral part of the business strategy. Hence, it is emerging as an important tool for enhancing product sale in the international market. Packaging labels is important to compete with other key players in the market. With developing technology and innovative market strategy, laminated labels packaging has been introduced in the market. This type of packaging is more attractive, highly resistive, consumer-engaging, durable, and flexible. This laminated label is easily accessible in the market due to its advantages such as frictionless, resistance to moisture, solvent, and weathering exposure. These labels are manufactured by using polypropylene, polyesters, and others laminating materials. For instance, Brother P-Touch PT-1230PC is a USB label printer which is enough small to fit anywhere, it does not require any software, just connect to the computer and add to a printer and print from the text editor. The printer itself will print a 12-mm laminated label and within a short period. It is pretty easier and portable.
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Escalating demand for FMCG, pharmaceuticals, and consumer durables products will enhance the market growth in the near future for laminated labels market. Further, high consumption of the food and beverages products worldwide is anticipated to foster the demand in the market in future. Pharmaceutical and healthcare sectors are boosting laminated labels packaging market across the world for bigger product portfolio. Furthermore, other sectors enhancing the market growth are furniture, electronics, automobile, paints, and others. Prime importance is given to cost-effective labeling by many manufacturers which are a major driving factor for the growth of the global market. Conversely, associated risk in the capital investment may hamper the laminated labels packaging market growth in the coming years.
The global laminated labels packaging market is segmented on the basis of the material type as polypropylene, polyester, and others. The global market is further categorized on the basis of printing technology as lithography, digital, flexographic, and others. Of which, digital printing is the dominating printing technology that is widely adopted by many companies. The laminated labels packaging market is divided on the basis of end-use applications as healthcare, personal care, food and beverages, pharmaceutical, and others. Of which, food and beverages segment grabs the largest portion of the market.
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Geographically, the global laminated labels market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest market share owing to rising pharmaceuticals and food chain network; this is anticipated to positively impact the laminated labels market. Increasing disposal income and changing lifestyle may change the market perspective in the coming years. Other emerging economies such China and Japan and India owing to the favorable demand for consumer products may open up new opportunities for the market growth. Japan is moving towards convenience products which will anticipate growth in the future for the global laminated labels market.
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Some of the leading players dominating the global laminated labels market include Stickythings Limited, Avery Dennison Corporation, Torraspapel Adestor, R.R. Donnelley & Sons Company, and Bemis Company, Inc. Other key players influencing the global market are Constantia Flexibles Group GmbH, Bemis Company, Inc., Coveris Holdings S.A., CCL Industries Inc., Flexcon Company, Inc., and 3M Company.
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