The global in-mold label market is expected to secure a valuation of USD 1,133.9 million in 2024, with sales projected to rise at a compound annual growth rate (CAGR) of 2.8%, reaching USD 1,501.8 million by 2034. The industry has shown promising signs of growth, with revenue generated in 2023 at USD 1,097.1 million, indicating a year-on-year (Y-o-Y) growth of 3.2% in 2024.
Core Concepts in the In-Mold Labels Industry
- Future Growth: The global in-mold labels industry is expected to grow at a CAGR of 2.8% between 2024 and 2034.
- 2023 Market Value: In 2023, the global in-mold labels industry was valued at USD 1,097.1 million.
- 2034 Market Projection: By the end of 2034, the industry’s worth is anticipated to reach USD 1,501.8 million.
- Highest Growth Region: The Asia Pacific region, excluding Japan, is projected to showcase the highest CAGR of 4.3% during the forecast period.
- Key Manufacturers: Leading manufacturers in the global in-mold labels industry include CCL Industries Inc., Multicolor Corporation, and Constantia Flexibles Group GmbH.
- Regional Demand Surge: The increasing demand for in-mold labels in emerging markets of the Asia Pacific region is driving the industry’s growth.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2621
Key Market Insights:
- Dominance of Injection Molding: Injection molding holds a significant share of the IML industry, commanding 70% of the market. This segment is expected to expand at a CAGR of 3.0% throughout the forecast period.
- Material Preference: Polypropylene is widely used in the manufacturing of in-mold labels, anticipated to generate revenue worth USD 1,185.9 million by 2034.
- Printing Techniques: Offset printing leads the market in the IML sector, projected to create an incremental opportunity of USD 190.7 million during the assessment period. Digital printing, however, is emerging as a popular choice due to its suitability for low-volume label printing and the capability of variable data printing.
- Sectoral Demand: The food industry remains a prominent consumer of in-mold labels, capturing half of the value share. This segment is set to expand by 1.3 times its current market value by 2034, creating an incremental opportunity of USD 404.7 million
“Surging demand for product identification labels and attractive packaging is estimated to drive the demand for in-mold labels over the forecast period,” says an analyst at FMI.
Growth Drivers:
- Visually Appealing Packaging: The growing demand for visually appealing packaging is significantly contributing to the growth of in-mold labels. The “no-label” look and multi-colored prints on consumer products make IML an attractive branding tool for businesses.
- Digitalization in Label Printing: The rise of digitalization in the label printing process allows for faster product turnaround rates, shorter print runs, and better flexibility in label design. This trend is driving market growth as businesses seek to optimize their label printing processes and improve efficiency.
- Digital Printing: Digital printing for in-mold labels is being widely accepted by label printing companies. While offset printing holds a significant share due to its low cost for high-volume labels, digital printing is most suitable for small-volume label printers, providing economic printing even for very low volumes.
Regional Insights:
The in-mold label industry analysis highlights significant growth prospects across various global regions. In North America, the United States is poised to dominate with an 87.6% market share by 2034, emphasizing robust demand. Meanwhile, Asia Pacific, led by China, anticipates a steady 3.7% CAGR, reflecting expanding market opportunities. Key countries like Canada, Brazil, Germany, Poland, India, Japan, and GCC nations also show promising growth rates, ranging from 1.4% to 4.9% CAGR through 2034. Notably, Mexico’s pharmaceutical sector emerges as a key driver, with projections indicating substantial market expansion, supported by rising healthcare expenditures and pharmaceutical sales expected to reach USD 13 billion by 2028.
- Europe is expected to dominate the market while growing with a CAGR of 3.4% during the forecast period.
- The market in India is projected to witness a promising CAGR of 6.1% during the forecast period.
- China is expected to grow at a 5.4% CAGR during the forecast period.
- By material, polypropylene is projected to lead the segment and is estimated to grow with a CAGR of 6.8% during the forecast period.
- By end-use, the food segment is expected to lead the market. It is expected to grow with a CAGR of 6.4% throughout the forecast period.
Competitive Landscape:
The in-mold labels market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing in-mold labels.
The key industry players are CCL Industries Inc., Constantia Flexibles Group GmbH, Coveris Holding S.A, Avery Dennison Corp., Multicolor Corporation, Fuji Seal International Inc., Tasus Corporation, Canyon Graphics Inc., Huhtamaki Oyj, Korsini Ambalaj San. Tic. A.S., Walle Corporation, Duratech Industries Inc., Admark Visual Imaging Limited, Aspasie Inc., General Press Corporation.
In-mold Labels Market Landscape
- CCL Industries Inc.,
- Constantia Flexibles Group GmbH,
- Coveris Holdings S.A.,
- Avery Dennison Corp.,
- Multicolor Corporation,
- Fuji Seal International Inc.,
- Huhtamaki Oyj,
- Korsini Ambalaj San Tic. A.S.,
- Walle Corporation,
- Duratech Industries Inc.,
- Tasus Corporation, Canyon Graphics Inc.,
- Admark Visual Imaging Limited,
- Aspasie Inc.,
- General Press Corporation,
- John Herrod & Associates Pty Ltd.,
- Serigraph Inc.,
Access Full Report: https://www.futuremarketinsights.com/reports/in-mold-label-market
In-mold Labels Market by Category
By Process:
- Blow Molding
- Injection Molding
- Thermoforming
By Material:
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Polyethylene (PE)
- Barrier
- Paper & Others
By Printing Method:
- Gravure
- Flexo
- Offset
- Screen
- Digital
- Others
By End-use:
- Food
- Beverage
- Pharmaceuticals
- Domestic Care
- Personal Care & Cosmetics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
