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Laminated Labels Market Is Expected To Reach 157.37 Billion By 2027 And Grow At A CAGR of 7 Percent Over The Forecast Period.
According to the report by Stellar Market Research, Laminated Labels Market is estimated to grow at a CAGR of 7 percent over the forecast period 2022 to 2027, reaching nearly USD 157.37 Billion by 2027. Laminated Labels Market size was valued at USD 104.86 Billion in 2021.
Laminated labels are commonly used on outdoor items, products that are exposed to chemicals, and products that are utilised in damp or humid conditions. Laminated labels have gained popularity in industrial applications because they ensure that the imprint stays legible and the label remains intact for a longer period of time than non-laminated labels. A laminate label’s protective layer extends its life by allowing it to withstand severe conditions such as chemicals, moisture, and solvents. Laminated labels give the maximum durability and longevity when high friction and weather resistance are required. Laminated labels withstand extreme circumstances that would otherwise cause physical damage to unlaminated products, such as high temperatures and UV radiation. The laminated label includes product information such as the product name, address, market information, ingredients, QR code, barcode, and more. The basic components of laminated labels include topcoats, adhesives, face materials, liners, and substrates containing labels.
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In 2015, the Asia Pacific market dominated the global laminated label business with a demand share of more than 35%. The rising food and beverage, consumer durables, and pharmaceutical industries are driving growth in this region. China and India are expected to expand rapidly, followed by other South East Asian countries. Increased foreign direct investment and favourable government policies implemented in China and India are expected to promote Asia Pacific market growth. The implementation of rules controlling labelling and packaging requirements as per the CLP Regulation on the classification, labelling, and packaging of chemicals and mixtures is expected to support the region’s laminated label market growth.
Europe is estimated to have the second-largest market share for laminated labels. Countries such as Germany, the United Kingdom, France, Italy, and Spain dominate the European market. Germany is expected to expand the most during the forecast period due to rising demand for premium and filmic laminated labels.
Laminated Labels Market Scope and Dynamics:
Through product manufacture and distribution, the market has seen a rising trend of integration across the value chain. Furthermore, in order to acquire market share, leading companies use a variety of techniques such as mergers and acquisitions and capacity growth. One of the primary trends driving the laminates market over the forecast period is an increasing preference for a semi-gloss or matte finish in laminates over glossy labels due to easier reading of barcodes on a matte finish label. Aesthetics and great performance from emerging pressure-sensitive technologies are expected to fuel product demand even more.
Buyers have a lot of bargaining power in this market. The availability of substitute options such as direct printing on containers, along with suppliers’ low switching costs, is estimated to strengthen their negotiating leverage even more. Furthermore, the purchasers can bargain cost or price because there are several vendors supplying the goods. The use of nanotechnology in label and packaging applications has opened up new economic opportunities. Spy dust or nanotags are used for invisible brand protection coding and smart indicator labels that communicate temperature changes. According to new techniques being developed by manufacturers, nanoscale particles may be dispersed directly into liquids and used as printing inks and coating materials.
Key Players in Laminated Labels Market:
To Get a Detailed Report Summary and Research Scope of The Laminated Labels Market, Click here:@https://www.stellarmr.com/report/req_sample/Laminated-Labels-Market/383
Stellar Market Research, founded in 2018, is an India-based consultancy and advising firm focused on aiding customers in reaching their company transformation goals through advisory services and strategic business. The company’s goal as a strategic knowledge partner is to become an important component of the client’s business. Stellar Market Research provides comprehensive solutions that go beyond core research technology to help leaders in any organization achieve mission-critical goals. The company produces recommendations that will allow the organization to develop in the future. So far, the firm has worked with over 335 companies across 25 industries, providing dependable data with a 94 percent accuracy rate. The organization has domain-specific research specialists and 119 research analysts in several sectors who evaluate the industry on a regular basis, assisting the company in gaining a competitive advantage through high-quality market intelligence.
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