The global In-Mold Labels Market size was valued at USD 3.38 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.54% during the forecast period. In-mold labels are plastic or paper labels that are applied to a container using injection molding, blow molding, or thermoforming techniques. They offer an attractive aesthetic appeal to packaging by giving the container a "no label look" with superior graphics representation. In addition, these labels are environmentally friendly because they are recyclable and regrindable. In-mold labels are highly durable, have a good aesthetic appearance, and do not require an additional glueing step, which gives them an advantage over traditional labels.
The injection molding process and in-mold labeling machines used for manufacturing enable faster and more efficient production when compared to other printing processes. Furthermore, implementing in-mold labeling processes and machines that use recycled materials has been identified as a step towards more sustainable manufacturing, leading to a reduction in pollution and an improvement in production efficiency. This has resulted in the innovative food-grade un-mold labels gaining worldwide traction, creating enormous market growth opportunities.
Polypropylene (PP) is a versatile plastic material used in the production of in-mold labels, and it dominates the market due to its superior characteristics, performance, and low cost when compared to other polymers and resins. The European region had the highest share of all regions in 2014 due to an increase in demand for in-mold labels from France and Germany, resulting from increased manufacturing output, rising income and consumption levels, and a need for effective and efficient labeling solutions.
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The notable innovation in In-Mold Labels Market:
The use of polypropylene as a raw material in the production of in-mold labels has become increasingly popular due to its versatility and cost-effectiveness. In addition, companies are exploring the use of recycled materials in in-mold labeling processes and machines, which can lead to more sustainable manufacturing practices and reduce pollution. Furthermore, the acquisition of Herrods, an Australian company, by Multi-Color Corporation in 2021 has allowed for expanded in-mold labeling capabilities in the Australian and New Zealand markets. CMG Plastics of the United States has also announced an expansion of in-mold labeling capabilities to meet increasing customer demand. These innovations are creating enormous growth opportunities in the in-mold labels market.
Major Companies of In-Mold Labels Market:
CCL Industries Inc., Constantia Flexibles Group GmbH, Huhtamaki Group, Coveris Holding S.A., Cenveo, Inc., Fuji Seal International, Inc., Multicolor Corporation, EVCO Plastics, Inland Label Marketing Services, LLC, and Innovia Films Ltd.
Some key factors about the in-mold labels market summarized in points:
- The global in-mold labels market size was USD 3.38 Billion in 2021 and is expected to register a revenue CAGR of 4.54% over the forecast period.
- In-mold labels are paper or plastic labels that are applied to a container using techniques such as injection molding, blow molding, and thermoforming. They provide superior graphics representation, creating an appealing aesthetic appeal to the packaging.
- In-mold labels are environmentally friendly, as they are recyclable and regrindable, and do not require an additional glueing step, which is an advantage over traditional labels.
- The injection molding process and in-mold labeling machines used for manufacturing enable faster and more efficient production compared to other printing processes.
- Polypropylene (PP) is a versatile plastic material widely used in the production of in-mold labels due to its superior characteristics, performance, and low cost when compared to other polymers and resins.
- The European region had the highest share of all regions in 2014, primarily due to an increase in demand for in-mold labels from France and Germany as a result of increased manufacturing output, rising income and consumption levels, and an increase in demand for effective and efficient labeling solutions.
- The in-mold labels market is segmented by process type, material, printing method, end-use, and region.
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