As the label industry picks up after the downturn and experiences inflation in the prices of material, the financial feasibility of both material suppliers and film converters has become a crucial question. In spite of the challenges, opportunities and scope for innovation continue to drive the label market. The In-mold labeling is defined as an entirely automated decorating procedure in which a printed film or paper label is positioned in the mold bottle or cavity before being molded. In-mold labelling is a common sub-surface labeling method for all types of injection-molded plastic containers. Early users of in-mold labeling have realized that the benefits of in-mold labeling — enhanced design options and message durability to manufacturing efficiency and improved supply chain management — extend across multiple areas of the business quickly. The demand for in-mold labels has been very positive as consumer adequacy and reaction through high purchase performance ever since this label packaging is introduced in the market.
In-mold Label Market- Market Segmentation:
The global in-mold label market is segmented on the basis of material type, packaging type, technology type, printing ink type, and end use type. On the basis of material, in-mold label is segmented into plastic and paper. Further, plastics are segmented into Polypropylene (PP), Polyethylene (PE), Polyvinyl chloride (PVC), ABS resins, and others. Other categories include Polyethylene Terephthalate (PET), Polyvinylidene Chloride (PVDC), and Polycarbonate (PC). On the basis of packaging type, in-mold label is segmented into bottles, cans & containers, ampoules, tubes, tins, boxes, and others. On the basis of technology, in-mold label is segmented into extrusion blow-molding process, injection molding process, and thermoforming. On the basis of printing inks, the in-mold label can be segmented into UV curable inks, thermal cured inks, water-soluble inks, others. On the basis of end use, in-mold label is segmented into food & beverage, pharmaceuticals, personal care, consumer products, and others.
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In-mold Label Market – Market Dynamics:
One of the important factors contributing towards the growth of in-mold label market is that the graphics used in the containers cannot be removed without destroying the material. That apart, there are also options for superior durability in extreme environments and chemical confrontations. Moreover, the availability of a wide range of textures, colors, designs, and graphic options is boosting the market of in-mold label. In-mold labeling is also applicable on stainless steel, wood grains, fiber, etc. However, they make some of the most challenging parts of labelling. Other than this, in-mold labeling also reduces WIP inventory and also eliminates additional time required for post-production decoration for on-site or off-site. On the other hand, replacement by other decorating technologies (like metal forms hydrographic dipping, pad printing), economic recovery, management of waste, and new materials are just a few issues that are challenging the industry. The rising prices of oil and petrochemicals as well as film materials, resins, inks, adhesives, paper and wood pulp are adding to the worries of the in-mold label industry. However, as the packaging industry is quite active and vibrant, it will continue to carve out future opportunities for in-mold label packaging.
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In-mold Label Market – Regional Outlook:
Geographically, the global In-mold label market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA). The global In-mold Label market is expected to witness a stable CAGR over the forecast period of 2016-2024. Entering new markets like Asia, Russia and South America will present better and larger opportunities for the in-mold label market.
In-mold Label Market – Major Players:
Some of the major players identified across the globe in the In-mold label market are CBW Automation Multi-Color, Netstal Machinery, Smyth Companies, StackTeck, Transilwrap, UPM Raflatac, WS Packaging CCL Industries Inc., Constantia Flexibles Group GmbH, Huhtamaki Group, Coveris Holding S.A., Cenveo, Inc., Guangzhou Hush Label Printing Co., Ltd., Dongguan Yuanlu Fashion Co., Ltd., and Guangzhou Haizhu District Caifeng Printing
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