Transparency Market Research in its new report titled, “In-mold Labeling (IML) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the in-mold labeling market. The TMR report anticipates that the rise in the demand for packaging systems with low weight and high aesthetics will fuel the in-mold labeling market during the forecast period i.e, 2018-2026. IML offers various benefits such as low packaging weight, high durability, recyclability, and protection against humidity. These factors, in turn, act as drivers for the market. Low production rate across the globe coupled with high cost of producing IML labels is restraining the market. However, growing concerns about environmental pollution are prompting manufacturers to adopt recyclable materials, typically in plastic in-labelling, and to use resins from renewable sources. All these factors are expected to provide lucrative opportunities to vendors to invest in sustainable and eco-friendly label products in the next few years, says the report.
The report has segregated the global in-mold labeling market in terms of production process, material, printing technology, and end-user. In terms of production process, the market is split into injection molding, blow molding, and thermoforming. As per the report, the injection molding segment dominates the market and is expected to expand at a significant rate during the forecast period. This is ascribed primarily to certain factors such as low price and provision of imparting 3D-effect to labels. Based on material, the IML market has been segmented into PP, PE, ABS, and PVC. PP is a leading material segment, due to its versatility and features such as ease of attaining softening point to form bonds with other polymers and high moisture resistance. On the basis of printing technology, the mold labeling market is classified into flexographic, offset, and gravure printing.
On the basis of geography, the global IML market is divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Regions such as North America and Europe dominate the global IML market. Expanding food & dairy industry in Europe is augmenting the demand for IML in various food applications such as soft spreads, margarine, cheese, sauces, and ice-creams, as IML provides protection against water, ice, and other environmental factors. Increasing consumer inclination toward aesthetic appeal of packaging and labelling is fueling the demand for IML in North America. The market in Asia Pacific is also estimated to witness significant growth during the forecast period, due to rising demand for efficient, innovative, and premium labels in the region. In addition, expanding manufacturing industries and rising disposable income in countries such as China, India, and Indonesia are propelling the demand for highly customized products. This, in turn, is boosting the IML market in Asia Pacific. Middle East & Africa and Latin America are expected to grow at low pace during the forecast period, as per the report.
Major companies operating in the global IML market are profiled in this report to give a better competitive analysis and these include CCL Industries Inc., Constantia Flexibles Group GmbH, Huhtamaki Group, and Coveris Holding S.A.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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