In-Mold Labels Market Overview:
In-mold labeling (IML) is the process of blending high quality graphic images into plastic containers during molding. It offers new possibilities for thermoformed plastic containers, injection molded and blow molded. It is a process of printing high quality labels in the mold at relatively low prices. IML technology offers additional benefits, such as waterproof, transparent and permanent in-mold labels. Among the main end-use applications that have benefited are domestic packaging, petrochemicals, pharmaceuticals, cosmetics, paints and cosmetics. Several industries are adopting in-mold labeling to improve the brand at the point of sale. It is widely accepted as a creative solution for personalized projects.
In-Mold Labels Market Size and Growth Analysis:
In-Mold Labels Market is projected to reach USD 3.41 Billion by 2021 with a CAGR of 4.51% in the forecast Period.
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In-Mold Labels Market Drivers and restraints:
Nowadays, people have become more conscious about attractive packaging and labeling, which is anticipated to enhance the market growth in the near future. In-mold labels give detail information of the product, making it one of the major driving factors in the market growth. It helps create a brand for a future perspective and is expected to grow in the future. Low-cost in-mold labels are profitable for the entire container, which in turn should boost market demand in the future. These labels provide the appropriate product specifications using 360-degree graphics throughout the container. The thinning of the containers for the reduction of costs and the waste of containers is slowing to a certain extent the growth of the market.
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In-Mold Labels Market Geographical segmentation:
Europe is the leading segment for in-mold labels due to its growing use in end-use applications, such as industrial packaging and consumer products. Increasing financial stability is having a positive impact on the market in this region. Bearing in mind that the strong demand for in-mold labels in Germany and France due to the development of the manufacturing sector should encourage market growth in this region. However, North America is experiencing significant growth in the in-mold label market and is expected to continue this trend. In addition, the spectacular development of the food and beverage sector in Asia-Pacific and Latin America is expected to stimulate the market in the near future.
Some of the prominent companies in the market are Mepco, Avery Dennison Corp. Century Label, Allen Plastic, Ameri Seal, Color Craft Label Company, Fort Dearborn, CCL Industries Inc., Gilbreth, Holostik India Limited, Color and Flex, Bemis Company Inc., Anchor Packaging, Classic Label, Label World, Bothra Industries, MCC Label, Ameet Metaplast, Consolidated Label and Axon.
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