The in-mold label market has witnessed significant growth in recent years owing to rising demand from the personal care industry. In-mold labels are used as a functional and aesthetic labeling solution across various applications such as bottles, containers, closures and others. These labels provide excellent protection against scratches, solvents, and moisture. They also aid branding and marketing efforts of companies by delivering high-quality graphics.
The global in-mold label market is estimated to be valued at US$ 4.73 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
In-mold labels offer several advantages over pressure-sensitive labels such as durability, resistance to abrasion and chemicals, and the ability to be printed in multiple colors. They deliver an evenly molded appearance and enhance the aesthetic appeal of packaging. In-mold labeling technology allows incorporation of labels during stretch blow molding, injection molding or thermoforming processes. This eliminates the need for secondary labeling steps and reduces production costs.
Key Takeaways
- Key players operating in the in-mold label market are Apollo Tyres, Bridgestone Corporation (Firestone), Alliance Tire Group, Continental AG, Pirelli & C SpA, Balakrishna Industries Limited, Nokian Tyres PLC, Titan International Inc. (Goodyear Tires), Michelin , and Trelleborg Wheel Systems (Mitas).
- Growing demand for flexible plastic packaging from food & beverage and personal care industries offers lucrative opportunities for expansion of the in-mold label market.
- Advancements in labeling technologies and influx of investment in emerging economies has further widened growth prospects of the global in-mold label market.
Market drivers
The personal care industry has been a major driver of growth in the In-mold Label Market Demand. In-mold labels help personal care brands to enhance visual appeal of their products and communicate brand messages effectively. They protect ingredients from moisture and UV damage. In-mold labels also enable inclusion of advanced security features such as holograms and tactile surfaces in product packaging. As consumers spend more on personal care and demand higher quality aesthetics, in-mold labels continue witnessing increased adoption in the industry.
PEST Analysis
Political: The in-mold label market is regulated by various environmental regulations regarding the usage and disposal of plastic. Changes in these regulations could affect the demand for in-mold labeling.
Economic: Factors such as global GDP growth, disposable income levels, and consumer spending influence the sales of packaged goods and automotive industries which drives the demand for in-mold labels.
Social: Preferences of consumers for labels providing durable and attractive designs, product details, and branding affect their demand for in-mold labels in packaged goods and automotive interior parts.
Technological: Developments in printing and material technologies enable new functionalities in in-mold labels like conductive and RFID inlays. Advanced processing methods help produce labels that can withstand harsh injection-molding conditions.
In terms of value, the Asia Pacific region constitutes the largest share of the global In-mold Label Market Regional Analysis owing to strong demand from industries such as food and beverages, cosmetics and personal care, automotive, and healthcare in developing economies like China and India. North America is another major market supported by in-mold labeling requirements of automotive and consumer product industries in the US and Canada.
The fastest growing regional market for in-mold labels is expected to be Latin America due to increasing industrial activities and rising consumerism in major economies of Brazil, Mexico, Argentina and Colombia. Industrialization across sectors like automotive, consumer durables and food and beverage is driving the adoption of in-mold labels in product identification, certification and branding.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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