In-mold labeling (IML), also known as automated packagingsystem, is utilized to label certain products such as bottles and containersduring the manufacturing process. IML systems eliminate the need forpost-production labelling process and offer various advantages such as maximumprint quality with high resolution, recyclability, high resistance to humidityand scratches, and non-susceptibility to wrinkles. Other advantages of IML arehigh transparency, waterproofing, and permanent moldability. In-mold labels areused in various end-use applications such as petrochemical, household,pharmaceutical, paint, and cosmetic containers. IML is currently a nichemarket; however, it is expected to expand significantly in the next few years.
The globalin-moldlabeling market has been segmented based on production process,material, printing technology, and end-user. Based on production process, themarket has been segmented into injection molding, blow molding, andthermoforming. The injection molding segment dominates the market and isexpected to expand at a significant rate during the forecast period. This isascribed primarily to certain factors such as low price and provision ofimparting 3D-effect to labels. Based on material, the IML market has beensegmented into PP, PE, ABS, and PVC. PP is a leading material segment, due toits versatility and features such as ease of attaining softening point to formbonds with other polymers and high moisture resistance. PP-based in-moldlabelling is used in various industrial and consumer products, due to its lowcost. It is used in products such as cosmetics, food, bar code labels, handtags, and retail tags. Based on printing technology, the mold labeling markethas been divided into flexographic, offset, and gravure printing. In terms ofend-user, the market has been classified into food & beverage, consumerdurables, cosmetic & personal care, pharmaceutical, and automotive. Thefood & beverage segment is likely to dominate the IML market during theforecast period. Rising demand for packaged food, beverages, and branded itemsdue to growing awareness regarding branded and authentic products is boostingthe IML market.
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IML offersvarious benefits such as low packaging weight, high durability, recyclability,and protection against humidity. These factors, in turn, act as drivers for themarket. Rise in the demand for packaging systems with low weight and highaesthetics is projected to augment the demand for IML during the forecastperiod. Low production rate across the globe coupled with high cost ofproducing IML labels is restraining the market. However, growing concerns aboutenvironmental pollution are prompting manufacturers to adopt recyclablematerials, typically in plastic in-labelling, and to use resins from renewablesources. All these factors are expected to provide lucrative opportunities tovendors to invest in sustainable and eco-friendly label products in the nextfew years.
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In termsof geography, the global IML market can be segmented into North America, AsiaPacific, Europe, Latin America, and Middle East & Africa. Regions such asNorth America and Europe dominate the global IML market. Expanding food &dairy industry in Europe is raising the demand for IML in various foodapplications such as soft spreads, margarine, cheese, sauces, andice-creams, as IML provides protection against water, ice, and otherenvironmental factors. Rising consumer inclination toward aesthetic appeal ofpackaging and labelling is fueling the demand for IML in North America. The marketin Asia Pacific is also estimated to witness significant growth during theforecast period, due to rising demand for efficient, innovative, and premiumlabels in the region. In addition, expanding manufacturing industries andrising disposable income in countries such as China, India, and Indonesia arepropelling the demand for highly customized products. This, in turn, isboosting the IML market in Asia Pacific. Middle East & Africa and LatinAmerica are expected to grow at low pace during the forecast period. Howeverdue to rising consumer awareness regarding branded packaged food and surgingdemand for packaged containers and bottled beverages in these regions demandfor IML expected to rise moderately during the forecast period.
Keyplayers operating in the global IML market are CCL Industries Inc., ConstantiaFlexibles Group GmbH, Huhtamaki Group, and Coveris Holding S.A.
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