Markets and Events

The global market for laminated label products

Source: Smithers Pira

The global market for laminated labels is driven by several decisive elements. This includes the growth in the production of packaging for products like food, beverages, pharmaceutical products and consumer durables. Factors such as high capital investment, printing on the packages, and rising raw material costs inhibit the growth of the market. However, the market with the largest projected demand in the next five years is the food and beverage segment. Thisis mainly due to the fact of higher growth rates, mainly because of the increasing demand for packaged and branded products, and consumer awareness toward product authenticity. Beverage manufacturers widely use laminated labels on bottles due to their high durability, aesthetic appeal, and opportunities of brand positioning. The Asian-Pacific region with its emerging economies in countries like India and China will drive this market. In this context, China is projected to have the largest market share and dominate this regional market for laminated labels from 2015 to 2020.

In real terms, the laminated labels market is projected to increase from USD 75.56 billion in 2015 to USD 94.49 billion by 2020, representing an annual growth rate of 4.57%.

Armin Karl Geiger

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