According to a Future Market Insights (FMI) analysis of the in-mold label market, global in-mold label consumption will rise 3.2% year over year (YoY) to reach US$ 1.1 Bn in 2021. Through 2031, the need for in-mold labels will continue to grow, creating intense rivalry. The top 5 in-mold label suppliers, according to the survey, will control 15% of the global market in 2021. In 2020, the worldwide in-mold labels market accounted for 3% of the $ 42 billion global label market.
These labels are therefore highly preferred in food and pharmaceutical packaging. In-mold labels can also be customized according to the customer requirements in terms of sizes and specifications. They are manufactured from plastics and paper material which can be recycled, thereby, offering sustainable labelling solutions.
Future Market Insights forecasts that manufacturers have impressive opportunities to capitalize on, especially as demand is likely to increase in food, beverages, pharmaceuticals, personal care & cosmetics, and other industries.
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Key Takeaways from In-mold Labels Market
- By process, the injection moulding segment is anticipated to remain dominant. It is estimated to hold around 70% of the total market share by the end of 2031.
- Based on material, polypropylene (PP) will remain most preferred for in-mold label manufacturing.
- Offset printing will remain the preferred in-mold label process, creating incremental opportunity of US$ ~152.5 Mn during 2021-2031.
- By end use, food, beverage, and pharmaceuticals industries will account for around 83% of the market share.
- Within North America, sales of in-mold labels will remain the highest in the U.S.
- Germany is expected to account for nearly one-fifth of in-mold labels sales in Europe by 2031.
“The rising demand for product safety and improved graphics of labels among the industries such as food, beverages, pharmaceuticals, personal care & cosmetics, and others will fuel the demand for in-mold labels. The “no label look” of in-mold labels is expected to push their sales through the forecast period” says an FMI analyst.
Elimination of the Gluing Step to Create High Demand for In-Mold Labels
The labels applied with glue have the risk of falling off from the product or container as the temperature or weather conditions change. This not only leads to the defect in the labelling but also affects the product safety in terms of the various specifications mentioned on the product label. In-mold labels are attached to the container with the help of in-mold label films with excessive heat and then pressed inside the walls of the container.
This eliminates the gluing step and thereby makes the labelling process easy. This not only eliminates the gluing process but also enhances the graphic properties of the label. The gluing process in label adherence is time consuming. Also it makes the packaging vulnerable to temperature or weather changes. Alternatively, in-mold labels are preferred as more viable labelling options.
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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.,
Smyth Companies LLC, Hammer Packaging Corp., and Inland Label and Marketing Services LLC. are leading players in the market. The Tier 1 players hold 15-20% in the global market for in-mold labels.
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)
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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