Growing Demand for Sustainable Labels Propelling Growth in the In-mold Labels Market in Europe: Technavio Report

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  • The key vendors in the in-mold labels market in Europe 2015-2019 are EVCO Plastics, Inland, Innovia Films Ltd. And Vibrant Graphics

London, 21 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the in-mold labels market in Europe 2015-2019.   Increase in demand from France and Germany is one of the key trends upcomimng in the market. Some of the key drivers propelling the growth of the market in these countries are a rise in the manufacturing output, high per-capita consumption, and growing demand for effective, advanced, and premium labeling solutions.  The in-mold labels market in Europe 2015-2019 is expected to grow at a CAGR of 6.28% in terms of volume during the forecast period of 2014-2019.

                   

The in-mold labels market in Europe is expected to grow at a rapid pace during the forecast period because of the rising demand for in-mold labels in industries such as household, agriculture, automotive, and chemical.

“The increase in concern for the environment and the need to reduce pollution have led to more emphasis on environment sustainability, use of recyclable materials in labeling mainly plastic material, and the use of resins derived from renewable resources,” says Faisal Ghaus, Vice President of Technavio Research.

“Vendors are increasingly investing in the development of eco-friendly label products and promoting environmental sustainability.”

To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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