In-mold Labels fueling growth of In-mold Label Market
Market Overview:
In-mold labels are made of polypropylene, polyethylene or thermoplastic elastomers. These labels are applied directly on the injection molded plastic surface during the molding process itself, enabling a seamless integration. Their key advantages include resistance to moisture, chemicals and heat along with the ability to be integrated onto complicated container designs.
Market key trends:
One of the key trends fueling the growth of the in-mold label market is their increased use in the packaging of automotive components. The In-Mold Label Market Demand help provide product identification and other important details directly on components like engine covers, air conditioner casings etc. This eliminates the need for additional labeling steps, helping automakers lower costs. IMLs adhere strongly to substrates and can withstand heat, chemicals and abrasion, making them well-suited for labeling automotive parts. Their use is expected to grow further with the increasing automation in vehicle production.
Segment Analysis
The global in-mold label market is segmented by type into IML blow molding and IML injection molding. IML blow molding accounted for the largest market share in 2022 owing to its low production costs and suitability for producing thin-walled containers. The key applications of IML blow molding include medical devices, containers, tubing, and personal care products.
Key Takeaways
The global in-mold label market size is expected to witness high growth, exhibiting a CAGR of 22% over the forecast period, due to increasing demand from food & beverage and personal care industries.
Regional analysis
North America dominated the global in-mold label market in 2022 and is expected to maintain its dominance over the forecast period. This is attributed to rising health concerns among consumers in countries like the US and Canada. The Asia Pacific region is projected to grow at the fastest pace during the forecast period owing to rapid industrialization in developing nations like India and China.
Key players
Key players operating in the in-mold label market are Avery Dennison, CCL Industries, Constantia Flexibles, Jindal Films Americas LLC, Coveris, EVCO Plastics, and Inland labels. Avery Dennison is the global leader with a wide product portfolio and geographical footprint across major continents. CCL Industries also enjoys a strong presence worldwide through strategic acquisitions and partnerships.
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https://perfectinsights.blogspot.com/2023/11/the-in-mold-label-market-is-estimated.html
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