IN-MOLD LABEL MARKET ANALYSIS

In-mold Label Market, By Production Process (Injection Molding, Extrusion Blow Molding, Thermoforming, and Others), By Material (Polypropylene, Polyethylene, ABS Resins, and Polyvinyl Chloride), By Printing Technology (Flexographic Printing, Offset Printing, Gravure Printing, Digital Printing, and Others), By Ink Type (UV Curable Inks, Water Soluble Inks, Thermal-cure Inks, and Others), By End-Use Industry (Personal Care, Automotive, Food and Beverages, Healthcare, Chemicals, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Mar 2024
Code : CMI728
Pages :190
Formats :
Excel and PDF
Industry : Advanced Materials

Regional Analysis

In-mold Label Market Regional Insights, 2024

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North America has established itself as the dominant region in the global in-mold label market with 41.8% of the market share. With a strong presence of packaging companies and label converters, the U.S. and Canada accounted for the major share. The automotive industry in the region is one of the largest across the world which drives the demand for in-mold labels from OEMs. Stringent regulations around product labeling and information have further boosted adoption. Key players like Avery Dennison, CCL Industries, and Multi-Color Corporation being headquartered in the region prove the mature supply chain capabilities. Their investments in R&D have led to continuous innovation and high quality products. Export growth to Latin America and Europe have also strengthened the regional market position. However, price wars owing to overcapacity can threaten the margins of suppliers.

The Asia Pacific region is witnessing the fastest rise and emerging as the new hotspot. While China continues to reign as the manufacturing hub, other developing nations like India and Indonesia are picking up pace rapidly. This is backed by growing consumption, favorable policies attracting investments as well as low labor costs. The rising middle class is increasing the usage of packaged goods ranging from food & beverages to cosmetics. Local players are making strong efforts to boost production volumes. However, the need for advanced machinery and technical expertise remains. Partnerships with multinational corporations can help enhance local capabilities and infrastructure to tap the immense untapped potential.