Laminated Labels Market Revenue to Cross USD 160.9 Billion, Globally, by 2033

Introduction

The global laminated labels market is poised for significant growth, with its size expected to reach approximately USD 160.9 billion by 2033, up from USD 99.7 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 4.9% from 2023 to 2032. This growth is largely driven by increasing demand across various end-use industries, including food and beverage, pharmaceuticals, and consumer goods.

The food and beverage sector, in particular, is a major contributor to this expansion due to the rising need for durable, high-quality labels that can withstand environmental factors and ensure product information remains clear and intact. Challenges in the laminated labels market include the rising cost of raw materials and the environmental impact of label production and disposal.

As the industry faces pressure to reduce its carbon footprint, there is a growing emphasis on developing sustainable and eco-friendly labeling solutions. Companies are investing in innovative materials and technologies, such as biodegradable and recyclable laminates, to address these environmental concerns. Recent developments in the market include advancements in digital printing technologies, which are enhancing the efficiency and customization of laminated labels.

For example, the adoption of digital printers is allowing for faster production times and more intricate designs, catering to the increasing demand for personalized and visually appealing labels. Additionally, major players in the market are expanding their production capacities and exploring new geographical markets to capitalize on the growing demand.

Recent developments in the laminated labels market highlight significant activities from key players such as Avery Dennison Corporation, CCL Industries Inc., Constantia Flexibles, and Coveris Holdings.

Avery Dennison Corporation recently launched a new line of sustainable laminated labels designed for the food and beverage sector. This product line, introduced with an investment of USD 30 million, features eco-friendly materials and enhanced durability. The company’s commitment to sustainability is evident in its efforts to reduce the environmental impact of its products.

CCL Industries Inc. has expanded its footprint with the acquisition of the label division of a major packaging company for USD 150 million. This strategic move is aimed at strengthening its market position and increasing its production capacity to meet growing demand. The acquisition also enables CCL to offer a broader range of laminated label solutions. Constantia Flexibles unveiled a new innovative laminate technology, focusing on enhancing the performance and aesthetics of labels. The launch, backed by an investment of USD 25 million, introduces advanced laminates that provide superior resistance to moisture and UV light, catering to industries requiring high-quality labeling solutions.

Coveris Holdings has secured USD 40 million in funding to upgrade its production facilities and expand its laminated label offerings. This investment is expected to enhance their capabilities in producing high-performance labels and address the increasing demand in emerging markets.

Key Takeaways

• The global laminated labels market is projected to grow from USD 99.7 billion in 2023 to approximately USD 160.9 billion by 2033, representing a compound annual growth rate (CAGR) of 4.9% from 2024 to 2033.
• Polyester remains the most preferred material for laminated labels, holding a substantial market share of 35.2% in 2023.
• Flexography is the leading printing technology for laminated labels, accounting for 46.2% of the market share in 2023.
• The food and beverage industry is the largest end-use sector for laminated labels, with a market share of 28.9% in 2023.
• The Asia-Pacific region is the dominant market for laminated labels, commanding a significant 46.2% share of the global market.

Statistics

• The American label industry is showing positive signs with a small but respectable growth predicted at 2.5 percent for 2012-2013.
• By 1937 Avery had developed the first synthetic-based pressure-sensitive adhesive and, using a second-hand dough mixer purchased for $10, started his own adhesive production.
• laminate flooring sales at the first point of distribution reached $1.247 billion last year—a 9.8% decrease from 2022. In that same vein, volume shipped came in at 970 million square feet, a drop of 11.7% compared to the year prior, which saw 6% growth.
• square-foot price for laminate rose more than 2%. This is corroborated by FCNews research, which put the average wholesale price for laminate at $1.28 per square foot—that’s the highest level the category has seen since 2008.
• This is primarily because the U.S. flooring market as a whole was down in 2023—10.1% in terms of revenues and 9.1% concerning volume. At the end of the day, laminate represented nearly 5% of total industry sales and 5.5% of total industry volume last year. That’s right in line with 2022, which had laminate at 4.9% of total sales and 5.65% of volume.
• resilient accounted for nearly 56% of all hard surface solids in 2023, followed by ceramic, which represented 21% of hard surface dollars. Hardwood, by comparison, accounted for 13.4% of all hard surfaces sold in the U.S., FCNews research showed.
• In 2013, laminate represented 11.2% of all hard surface dollars and 16.3% of hard surface square footage sold.
• The only outlier was Floor & Decor, whose flooring sales grew 3.5% in 2023.In truth, the only end-use sector within the laminate category that did not show a decrease was new residential sales, which rose slightly from 16.5% to 17% of sales from 2022 to 2023.
• The Food Industry Association estimates that the average grocery store stocks 33,055 items. Amazon, the heavyweight in online retail and grocery, sells over 12 million products on its website.
• Brother International Corporation recently introduced three new models to its P-Touch EDGE portfolio of industrial label printers: the 310BT, the 510, and the 560BT.
• AWA’s President and CEO Corey Reardon opened the proceedings with an overview of the world’s label release liner market. Pressure-sensitive labels still claim a 40% share of the total label market, and label release liner – constituting a 49% share of global release liner usage — continues to grow at around 4% per annum.
• Growing currently at 3.3% globally, linerless technology now has a definable future in food and beverage packaging; consumer durables and logistics; and pharmaceutical supplies; and it also offers sustainability advantages.
• McKinsey & Co on the global flows of plastic packaging material of which, annually, only 2% go for closed-loop recycling, while some 32% end up in the ‘plastic ocean’ that features widely today in general news bulletins.

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Emerging Trends

• The laminated labels market is experiencing several emerging trends that are shaping its growth and development. One significant trend is the increasing demand for sustainable and eco-friendly labeling solutions. As consumers and regulatory bodies place a higher emphasis on environmental sustainability, companies are responding by adopting biodegradable and recyclable materials for laminated labels. This shift not only helps reduce environmental impact but also enhances brand image among eco-conscious consumers.
• Another notable trend is the integration of smart labeling technologies. These technologies include RFID tags, QR codes, and NFC chips embedded in labels, which enable better product tracking, authentication, and consumer engagement. Smart labels provide valuable information about product origin, usage instructions, and promotional content, enhancing the overall consumer experience and supply chain efficiency.
• The e-commerce boom has significantly influenced the laminated labels market. With the rise in online shopping, there is a growing need for durable and high-quality labels that can withstand various environmental conditions during shipping and handling. Laminated labels offer superior protection against moisture, abrasion, and temperature changes, ensuring that product information remains intact and legible throughout the supply chain.
• Technological advancements in printing techniques are also driving the market forward. Digital printing, in particular, is gaining traction due to its ability to produce high-quality, customizable labels with shorter turnaround times. This technology allows for more flexible and cost-effective production processes, catering to the increasing demand for personalized and short-run label printing.
• In the food and beverage sector, there is a rising trend towards using laminated labels for enhanced product presentation and regulatory compliance. These labels provide excellent resistance to water and chemicals, making them ideal for products that are exposed to varying conditions. The durability and aesthetic appeal of laminated labels helps brands stand out on crowded shelves and comply with stringent labeling regulations.

Use Cases

• Food and Beverage Industry:- Laminated labels are extensively used in the food and beverage industry due to their durability and ability to withstand moisture, temperature changes, and handling during transportation. These labels provide vital information such as ingredients, nutritional facts, and expiration dates, ensuring compliance with regulatory standards. The global food and beverage sector, which reached sales of $506 billion in 2022, relies heavily on laminated labels for brand enhancement and consumer trust.
• Pharmaceutical Industry: In the pharmaceutical sector, laminated labels are crucial for maintaining the integrity and readability of information on medication packaging. These labels offer resistance to chemicals, abrasion, and environmental factors, ensuring that critical details like dosage instructions and batch numbers remain legible. With the pharmaceutical market expanding, the demand for high-quality laminated labels is on the rise to meet stringent regulatory requirements and enhance patient safety.
• E-commerce and Retail: The booming e-commerce industry has significantly increased the need for durable and high-quality labels. Laminated labels are used for shipping labels, packing labels, and barcodes, playing a crucial role in the logistics and identification of products. The global e-commerce market, which grew from 15% to 21% of total retail sales from 2019 to 2021, has propelled the demand for laminated labels that can withstand various environmental conditions during shipping .
• Automotive Industry: In the automotive industry, laminated labels are used for labeling parts and components. These labels must endure extreme conditions such as high temperatures, chemicals, and mechanical abrasion. They provide essential information such as part numbers, safety warnings, and maintenance instructions, contributing to efficient inventory management and compliance with industry standards.
• Consumer Goods: Laminated labels are widely used in the consumer goods sector for products like electronics, household items, and personal care products. These labels enhance the aesthetic appeal of the products and provide necessary information regarding usage, safety, and branding. The durability of laminated labels ensures that the information remains intact throughout the product’s lifecycle.
• Logistics and Supply Chain: In logistics and supply chain management, laminated labels are essential for tracking and managing inventory. They are used for labeling pallets, containers, and individual items, providing critical data for efficient tracking and management. The robustness of laminated labels ensures that they remain readable and intact through various stages of the supply chain.

Key Players Analysis

Avery Dennison Corporation is a prominent player in the laminated labels market, offering a diverse range of pressure-sensitive labels and adhesive solutions. Their products cater to various industries, including food and beverages, pharmaceuticals, logistics, and automotive sectors. Avery Dennison focuses on innovation and sustainability, providing eco-friendly labeling options through its Sustainable Advantage portfolio. The company’s extensive global reach and commitment to quality have solidified its position as a leader in the market.

CCL Industries Inc. is a global leader in the laminated labels sector, providing innovative labeling solutions to numerous industries such as home and personal care, healthcare, food and beverage, and specialty markets. The company’s advanced technologies, including pressure-sensitive labels and shrink sleeves, ensure high-quality and durable labeling solutions. CCL Industries’ strategic acquisitions and continuous investment in research and development have enabled it to maintain a competitive edge in the market.

Constantia Flexibles has made significant strides in the laminated labels sector, focusing on sustainable packaging innovations. Recently, they won three WorldStar Packaging Awards for their EcoLamHighPlus and EcoLam products, which are mono-material laminates designed to replace non-recyclable packaging. These awards highlight their expertise in creating environmentally friendly solutions for various applications, including household and personal care products.

Coveris Holdings is a key player in the laminated labels sector, focusing on high-performance and sustainable solutions. They recently expanded their operations with a new plant in Hungary, dedicated to producing sustainable labels and flexible packaging. This move aims to meet the growing demand for eco-friendly packaging solutions in Europe. Coveris continues to innovate with new product launches, such as their recyclable PE-based labels, catering to various industries, including food and beverage, healthcare, and industrial applications.

R.R. Donnelley (RRD) plays a significant role in the laminated labels sector by offering a range of innovative labeling solutions designed to meet the evolving needs of various industries. The company emphasizes sustainability and efficiency, adapting to market pressures and supply chain challenges to deliver cost-effective and high-quality products. RRD’s recent report highlights how they have navigated market pressures and e-commerce demands, maintaining a strong focus on sustainability goals and efficient label production.

Torraspapel Adestor, a part of the Lecta Group, specializes in producing high-quality laminated labels for various applications, emphasizing innovation and sustainability. The company focuses on providing tailored solutions to meet customer requirements, ensuring durability and performance. Torraspapel Adestor has been expanding its product portfolio to include eco-friendly options, aligning with global sustainability trends and customer demands. Their commitment to quality and innovation positions them as a key player in the laminated labels market.

3M Company is a leading player in the laminated labels market, offering a wide range of products including durable labels, tamper-evident labels, and overlaminate label materials. Their labels are designed for various industrial applications, providing solutions that enhance product longevity and security. 3M’s innovative materials, like the 3M™ Overlaminate Label Material 7731FL and 3M™ Tamper Evident Label Material 7613, are known for their durability and reliability in harsh environments, making them a preferred choice in sectors like healthcare, electronics, and manufacturing.

Bemis Company, Inc., now part of Amcor is a significant player in the laminated labels market, known for its high-quality flexible packaging and labeling solutions. They provide a variety of laminated labels that cater to diverse industries, including food, beverage, and healthcare. Bemis’s focus on innovation and sustainability has led to the development of advanced labeling technologies that offer superior performance and environmental benefits. Their commitment to delivering tailored solutions has made them a trusted partner for many leading brands.

Flexcon Company, Inc. is a key player in the laminated labels sector, known for its innovative pressure-sensitive films and labeling solutions. The company specializes in providing durable, high-quality laminated labels that meet diverse industry needs. Their product offerings include custom solutions for various applications, ensuring durability and performance in challenging environments. Flexcon focuses on leveraging advanced technologies to enhance the functionality and aesthetic appeal of its labels.

Sticky Things Limited is a prominent company in the laminated labels sector, offering a range of adhesive solutions designed for durability and high performance. Known for its expertise in producing custom laminated labels, Sticky Things Limited serves various industries with products that cater to specific labeling requirements. Their solutions are crafted to withstand environmental challenges and provide reliable adhesion.

Amtico, a leading provider of luxury vinyl flooring, has recently expanded its portfolio to include laminated labels. The company focuses on high-quality, durable labels suitable for various applications. Their new offerings feature advanced adhesion technologies and customization options, designed to meet diverse market needs. This expansion aligns with Amtico’s commitment to innovation and quality.

Armstrong Flooring, Inc. has entered the laminated labels sector with a range of products designed to provide durable and versatile labeling solutions. Their labels are crafted to withstand harsh conditions while maintaining high performance in terms of adhesion and visibility. This move is part of Armstrong Flooring’s strategy to diversify its product offerings and leverage its expertise in materials technology.

Congoleum has primarily focused on flooring solutions rather than laminated labels. Their main products are vinyl and linoleum flooring materials, which cater to both residential and commercial markets. While Congoleum is a significant player in the flooring industry, it does not have a notable presence in the laminated labels sector.

Flowcrete, a part of RPM International, is known for its flooring solutions rather than laminated labels. They specialize in resin flooring systems that offer durability and high performance. Flowcrete’s focus is on providing industrial and commercial flooring rather than laminated labels. For more details on Flowcrete’s products and services.

Forbo International SA, a key player in the laminated labels sector, focuses on providing innovative and high-quality label solutions. The company leverages advanced technologies to enhance product durability and aesthetic appeal. Forbo’s recent efforts include expanding their product range and improving sustainability practices. Their commitment to research and development ensures they stay competitive in the evolving market.

Gerflor is a prominent company in the laminated labels sector, known for its high-performance and eco-friendly label solutions. They emphasize quality and innovation, with recent developments focusing on advanced adhesive technologies and sustainable materials. Gerflor’s products cater to diverse applications, offering durability and aesthetic flexibility. Their continuous investment in R&D supports their position in the market.

Interface, Inc., a leading player in the laminated labels sector focuses on providing high-quality, sustainable label solutions. Known for its innovative designs and eco-friendly materials, the company has been expanding its product range to cater to diverse market needs. Recently, Interface has been enhancing its capabilities through technological advancements and strategic partnerships, aiming to bolster its position in the market.

IVC Group has been enhancing its offerings in the laminated labels market through product innovation and strategic partnerships. They have launched a range of high-performance labels designed for various industrial applications, highlighting their commitment to quality and customization. IVC Group’s focus on integrating cutting-edge technology and sustainable practices is strengthening its position in the competitive label market.

James Halstead Plc. has been enhancing its presence in the Laminated Labels sector with ongoing innovations and product advancements. The company focuses on providing high-quality laminate flooring solutions and has recently expanded its product range to include more sustainable and environmentally friendly options. Their commitment to quality and sustainability positions them strongly in the market, appealing to both commercial and residential customers.

Mannington Mills, Inc. continues to strengthen its footprint in the Laminated Labels sector by introducing new laminate flooring products designed for durability and aesthetics. The company emphasizes innovation, sustainability, and customer satisfaction in its offerings, catering to a wide range of market needs. Mannington’s focus on high-performance and stylish laminate solutions has helped maintain its competitive edge.

NOX Corp. has been making strides in the laminated labels sector by focusing on innovative materials and sustainable production methods. Recently, they introduced a new line of eco-friendly laminated labels designed to reduce environmental impact while maintaining high durability and aesthetic quality. This move aligns with the industry’s increasing emphasis on sustainability. NOX Corp.’s commitment to cutting-edge technology and green practices positions it favorably in a competitive market.

Tkflor has been active in the laminated labels sector, concentrating on enhancing product durability and visual appeal. They recently launched a new range of high-performance laminated labels that offer improved resistance to wear and tear. This innovation caters to the growing demand for robust and visually appealing labeling solutions. Tkflor’s focus on quality and durability helps them stay competitive in a dynamic market.

Norain Laminated Labels is focusing on expanding its product range with innovative, eco-friendly materials. The company is investing in advanced printing technologies to enhance label durability and visual appeal. Recent developments include partnerships aimed at increasing production capacity and improving sustainability. Norain’s strategic moves are expected to strengthen its position in the laminated labels market and meet the growing demand for high-quality, environmentally friendly labels.

Toli Flooring, a significant player in the flooring industry, has been expanding its involvement in the laminated labels sector by integrating advanced design and production techniques. The company focuses on producing high-quality, durable labels that meet industry standards. Recent efforts include technological upgrades and collaborations to enhance label performance and sustainability, aiming to cater to evolving market needs.

Conclusion

The laminated labels market is experiencing robust growth driven by increasing demand across various sectors such as consumer goods, pharmaceuticals, and food and beverages. Innovations in printing technology and a shift towards sustainable materials are shaping the market, enhancing product durability and visual appeal. Companies are investing in advanced technologies and expanding their production capabilities to meet evolving consumer needs. As brands prioritize high-quality and eco-friendly labeling solutions, the laminated labels market is poised for continued expansion and innovation.

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