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The in mold labelling market size is forecast to increase by USD 947.8 million at a CAGR of 4.83% between 2023 and 2028. The labels industry is experiencing significant growth, particularly in the eCommerce sector, where the demand for efficient and secure packaging solutions is escalating. In mold labelling, a technology that offers real-time location tracking, re-programmability, and simultaneous identification, is gaining traction. This technology is ideal for the eCommerce industry, as it allows for detailed information to be embedded directly into packaged perishable products, enhancing consumer experience and reducing counterfeiting. However, the high initial investments required for implementing in mold labelling technology may act as a challenge for some market players. Despite this, the growing global manufacturing output and advances in mold labelling technologies are expected to drive market growth in the coming years.
Packaging Injection molding, a manufacturing process using molten material to create parts, plays a significant role in the production of various consumer goods. One essential aspect of injection molded products is labeling, which enhances their visual appeal and serves as a branding tool. Offset printing is a popular labeling technique used for creating multi-colored prints on polypropylene labels. These labels offer desirable characteristics such as moisture-resistance, abrasion-resistance, and temperature change adaptability, making them suitable for various industries, including pharmaceuticals. The labeling industry is evolving, with a shift towards digitalization.
Moreover, digital printing enables faster turnaround rates, customization, and eco-friendly production. A growing trend is the "no-label" look, where the container itself becomes the label, enhancing the product's aesthetics. Label design plays a crucial role in creating visually appealing packaging. Brands seek labels that can withstand temperature changes and maintain their integrity, ensuring consumer confidence. As sustainability becomes a priority, eco-friendly labeling solutions are gaining popularity. Automation in label printing processes streamlines production, reducing costs and increasing efficiency. Digital printing technology enables real-time customization, catering to diverse market demands. Injection molding and labeling continue to evolve, offering innovative solutions for creating visually appealing, functional, and sustainable packaging.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The injection molding segment is estimated to witness significant growth during the forecast period. The In Mold Labeling (IML) market refers to the process of integrating labels into plastic parts during the injection molding process. This technique offers desirable characteristics such as moisture-resistance and improved product turnaround rates. In the pharmaceuticals industry, IML is extensively used for decorative packaging due to its ability to enhance the visual appeal of medical devices and supplies.
Moreover, the increasing demand for injection molding machines in emerging economies like China, India, Japan, South Korea, and Indonesia is expected to significantly contribute to the growth of the IML market during the forecast period.
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The injection molding segment was valued at USD 2 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The In Mold Labeling (IML) market in Europe is experiencing significant growth due to the increasing demand for frozen foods. This trend is primarily driven by the expanding frozen food industry in the region, which is witnessing a growth in popularity for ready-to-eat (RTE) products. Europe's food and beverage sector is the largest manufacturing industry, with over 4.8 million employees, making it a key contributor to the market's expansion. In Mold Labeling is a crucial aspect of the label printing process, particularly for industries like pharmaceuticals and decorative packaging, where desirable characteristics such as moisture-resistance are essential. The demand for IML is expected to continue as manufacturers in these industries seek efficient labeling solutions with quick product turnaround rates.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing global manufacturing output is the key driver of the market. The global manufacturing sector has experienced significant growth, expanding by over 4.5% annually over the past decade. Developing economies are driving this trend due to increasing demand for consumer goods and electronics. In-mold labeling, a popular technique in injection molding, is extensively used in disposable consumer packaging applications, such as food containers, cosmetics, and household items.
Also, this method provides a visually appealing "no-label" look with multi-colored prints, making it an effective branding tool. The food and beverage industry's continuous growth is expected to boost the demand for in-mold labels, as they offer a seamless integration with the container design. The integration of information technology and digitalization in manufacturing processes further enhances the appeal and functionality of in-mold labels.
The advances in in-mold labelling technologies is the upcoming trend in the market. The Injection Molding industry's In-Mold Labeling (IML) market is poised for expansion due to technological innovations, such as three-dimensional (3-D) labeling. Compared to traditional films, which have a shallow depth of draw of 0.5 inches, 3-D labeling offers a significantly greater depth of 3 inches. This enhancement increases label durability and preserves the integrity of multi-colored prints, making it an excellent branding tool.
Also, the growing preference for visually appealing packaging and the "no-label" look has fueled the demand for IML in various industries. Digitalization and the integration of advanced printing technologies, like offset and digital printing, further boost market growth. Consequently, the adoption of 3-D printed labels and graphics is anticipated to drive the In-Mold Labeling Market's expansion throughout the forecast period.
The high initial investments is a key challenge affecting the market growth. Injection molding is a popular manufacturing process for producing in-mold labels, which offer a visually appealing "no-label" look for packaging. These labels are created using a combination of injection molding and printing techniques, such as offset printing and digitalization, to achieve multi-colored prints. The production of in-mold labels involves the use of various materials, primarily polypropylene, and specialized machinery. The cost of manufacturing these labels is substantial due to the need for diverse sizes, designs, and degrees of flexibility. End-user companies' demand for innovative materials and designs increases the overall production cost for label manufacturers. The high cost of the machinery required for label production poses a risk for companies if their returns on investment are not sufficient.
Additionally, additional expenses include maintenance costs, training and licensing fees, and costs related to machinery installation and functionality. As a result, label manufacturing is a significant investment, requiring careful planning and consideration. Despite these challenges, in-mold labels remain an effective branding tool for companies seeking visually appealing and functional packaging solutions.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Admark Visual Imaging Ltd. - In the realm of In Mold Labelling (IML), the company offers IML solutions for diverse plastic containers and parts, including injection-molded, blow-molded, and thermoformed types.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The in mold labeling (IML) market is experiencing significant growth due to its increasing adoption in various industries, particularly in the pharmaceuticals sector, for packaging injection-molded products. IML provides a visually appealing "no-label" look with multi-colored prints, making it an effective branding tool. The labeling process involves integrating the label components directly into the mold during the injection molding of polypropylene containers. Digitalization is revolutionizing the label printing process, enabling real-time label customization and faster product turnaround rates. Label design plays a crucial role in product differentiation, with desirable characteristics including moisture-resistance, abrasion-resistance, and compatibility with temperature changes. Eco-friendly options, such as linersless labels and waste reduction through plastic consumption reduction, are gaining popularity in the labels industry.
In conclusion, intelligent sensors, including tampering detection and real-time location tracking, are enhancing security and traceability. The smart labels industry is evolving with advanced technologies like 3D printing, 3D IML technology, and Mucell technology, offering re-programmability and detailed information for the ecommerce sector. Automation and digital printing are improving compatibility with various container materials, including paint and clear coat, while minimizing premature degradation. Hot stamp foils and heat transfer labels cater to decorative packaging needs, while shrink labels offer versatility for various container shapes. The labels industry is addressing counterfeiting concerns through advanced security features and intelligent labeling solutions.
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Market Scope |
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Report Coverage |
Details |
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Page number |
137 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.83% |
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Market growth 2024-2028 |
USD 947.8 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.37 |
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Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 42% |
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Key countries |
Germany, US, UK, France, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Admark Visual Imaging Ltd., Aspasie, Avery Dennison Corp., CCL Industries Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, EVCO Plastics, Fort Dearborn Co., Fuji Seal International Inc., General Press Corp., Huhtamaki Oyj, Inland Label and Marketing Services LLC, Jindal Films Europe SARL, Mitsubishi Chemical Group Corp., Multi Color Corp., Serigraph Inc., Smyth Companies LLC, Taghleef Industries SpA, and Tsuchiya Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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