The global in-mold labels market size was USD 3.38 Billion in 2021 and is expected to register a revenue CAGR of 4.54% over the forecast period, according to the latest report by Reports and Data.
In-mold labels are paper or plastic labels that are applied to a container using a variety of techniques such as injection moulding, blow moulding, and thermoforming. These labels give the container a "no label look" with superior graphics representation, creating an appealing aesthetic appeal to the packaging. In-mold labels are also environmentally friendly because they are recyclable and regrindable. These labels have a good aesthetic appearance, are highly durable, and do not require an additional glueing step, which is an advantage over traditional labels.
When compared to other printing processes, the injection moulding process and in-mold labelling machines used for manufacturing enable faster and more efficient production. Implementing in-mold labelling processes and machines that use recycled materials has been identified as a step toward more sustainable manufacturing. This eventually leads to a reduction in pollution as well as an improvement in production efficiency. As a result, the innovative food-grade un-mold labels are gaining worldwide traction, creating enormous market growth opportunities.
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Some Key Highlights from the Report
- Polypropylene, a versatile plastic material, is a raw material used in the production of in-mold labels. It can be found in a variety of plastic containers and labels. They can be softened enough to bond with other polymers, reducing the need for additional additives. PP fibres are widely used in this industry and dominate the in-mold labels market due to their superior characteristics, performance, and low cost when compared to other polymers and resins. It is used in the packaging and labelling of a wide range of consumer and industrial products, including foods, cosmetics, hand tags, bar code labels, retail labels, and no-label look.
- In 2014, the European region had the highest share of all regions. This is primarily due to an increase in demand for in-mold labels from France and Germany as a result of increased manufacturing output, rising income and consumption levels, and an increase in demand for effective and efficient labelling solutions.
- CMG Plastics of the United States announced an expansion of in-mold labelling capabilities in September 2021 to meet increasing customer demand for these labels.
- Herrods, an Australian company, is acquired by Multi-Color Corporation in April 2021. (MCC). Herrods is a leading supplier of in-mold labels in the Australian and New Zealand markets. MCC intends to serve new and existing customers in Australia and New Zealand using Herrods' additional capacity.
Major Companies:
- Advanced Energy Industries Inc.
- Intevac Inc.
- OC Oerlikon Management AG
- Impact Coatings AB
- AJA International Inc.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Physical Vapor Deposition (PVD) market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Physical Vapor Deposition (PVD) market?
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Physical Vapor Deposition (PVD) Market Segmentation:
Type Outlook:
- PVD Equipment
- PVD Material
- PVD Services
Process Outlook:
- Thermal Evaporation
- Sputter Deposition
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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