Market Size of In Mold Labels Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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In-Mold Labels Market Analysis
The in-mold labeling labels market is expected to register a CAGR of 9% by the end of the forecast period 2021-2026. These labels serve as an integral part of the final product that is delivered as a pre-decorated item. The COVID-19 pandemic disrupted the supply chain for the industry.
- The in-mold labeling provides the user with higher decorating options than other methods. The labels are strong and durable and can withstand both rough handlings, shipment-induced scuffing, provide Maximum print quality, Wide range of look & feel options, enables Quick design changeovers, Shorter production time and lower production costs, are Strong and hygienic, and Environmentally-friendly.
- The players in the industry, owing to the advantages offered by it, are increasingly looking forward to adopting IMLs. P&G partnered with Multi-Color Corporation to incorporate a more premium look and feel in their laundry packaging for a better shelf presence. MCC, to deliver a cold foil in-mold label to P&G, transitioned the large volumes of labels across all print technologies, including their entire liquid laundry portfolio and delivered on the desired design intent,.
- In September 2019, Cosmo Films launched a high tear-resistant synthetic paper, polypropylene films for repositionable and removable label applications, matte coated pressure-sensitive label stock films, transparent in-mold label film, high-speed WAL film, and pearlized metalized WAL film. Such instances are indicative of the fact that the in-mold label market is expected to grow over the forecast period.
- Moreover, companies are also investing in in-mold labeling systems that enable them to shorten production time and achieve higher print quality. For instance, in January 2020, announced that it received an order from a Brazilian plastic manufacturer for a robotic system of In-Mold Labeling (IML) system.
