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Laminated Labels Market Size

Report ID: GMI8574
Published Date: Mar 2024
Report Format: PDF

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Laminated Labels Market Size

Laminated Labels Market was valued at around USD 97.6 billion in 2023 and is anticipated to register a CAGR of over 4.3% between 2024 and 2032, driven by the growing need for long-lasting and versatile labeling solutions across a variety of sectors. With rising customer demands for product information, branding, and container design, laminated labels provide a dependable and visually appealing solution. Moreover, tight rules governing product labeling and traceability have accelerated the use of laminated labels, particularly in industries such as food and beverage, medicines, and cosmetics, where precise and long-lasting labeling is critical for compliance and customer safety.

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The growth of the e-commerce industry has increased demand for laminated labels for shipping and logistics, since these labels are resistant to moisture, abrasion, and other environmental variables during transit and storage. Furthermore, developments in printing methods and materials have enabled the creation of laminated labels with improved characteristics such as tamper-evident sealing, UV resistance, and barcode compatibility, which has fueled market expansion.

Laminated Labels Market Report Attributes
Report Attribute	Details
Base Year:	2023
Laminated Labels Market Size in 2023:	USD 97.6 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	4.3%
2032 Value Projection:	USD 142.5 Billion
Historical Data for:	2018 - 2023
No. of Pages:	300
Tables, Charts & Figures:	250
Segments covered:	Material type, Composition, End-Use Industry
Growth Drivers:	Growing demand for packaged food and beverages Increasing need for product differentiation and branding Rising popularity of high-quality labeling solutions Stringent regulations regarding labeling and packaging Expansion of retail and e-commerce sectors
Pitfalls & Challenges:	Volatility in raw material prices Technological constraints Competition from alternative packaging solutions

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The fluctuation of raw material prices has hampered the growth of revenue in the laminated labels industry. Fluctuations in the cost of components such as plastic films, paper, adhesives, and coatings have a direct influence on laminated label production costs. This unpredictability makes it difficult for producers to estimate and manage operating expenditures, potentially resulting in lower profit margins. In addition, sharp fluctuations in raw material prices might have an impact on pricing strategies and market competitiveness, limiting revenue development.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of laminated labels was reached USD 97.6 billion in 2023 and is anticipated to register a CAGR of over 4.3% between 2024 and 2032, driven by the growing need for long-lasting and versatile labeling solutions across a variety of sectors.

Facestock segment accounted for 47.4% market share in 2023 and is projected to grow through 2032, as industries such as pharmaceuticals, food and beverage, personal care, and consumer products are placing a greater focus on product branding, information transparency, and shelf appeal.

APAC market for laminated labels generated a revenue of USD 36.1 billion in 2023 and will show strong growth through 2032, driven by the growing industrial sector, rapid urbanization, and rising retail sector, in consort with strict rules governing product labeling, safety, and traceability.

Alpine Packaging, Inc, Avery Dennison Corporation, 3M Company, CCL Industries Inc., Flexcon Company, Inc., Henkel Adhesives Technologies India Private Limited, Lintec Corporation, Mondi, and Stickythings Limited.