The Global In-Mold Label Market Growth Accelerated By Expansion In Food & Beverage And Personal Care Industry

https://www.coherentmarketinsights.com/market-insight/in-mold-labeling-market-728
In-Mold Label Market



In-mold labels (IML) provide product decoration, protection, and branding on containers and packages. IML offers cost-effective solution for on-demand printing and branding needs. IML eliminates additional glue or adhesive required for sticking labels post-molding. The technology safely embeds printed graphics and information into plastic containers during the injection-molding process.

The global In-Mold Label Market is estimated to be valued at US$ 4.44 Bn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The increasing demand from food & beverage and personal care industry has been a key growth driver for the IML market. IMLs provide versatility of printing variable information at the time of production allowing manufacturers to meet consumer specific and seasonal demand. IML technology allows on-shelf branding and aesthetic appeal important for marketing foods and cosmetics. Growing demand for customized and small batch production runs from consumer brands has accelerated the use of IMLs with their cost savings over pressure sensitive labels for short production cycles.

Segment Analysis

The global in-mold label market is dominated by the flexible film segment. Flexible films offer benefits such as durability, resistance to moisture, and the ability to wrap around complex shapes easily. These films are cost-effective and complement thermoforming processing. As a result, flexible films have widespread adoption over other segments such as rigid plastics.

Key Takeaways

The global In-Mold Label Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. Rapid replacement of adhesive labels with in-mold labels across industries will propel the demand.

Regional analysis
North America holds the largest share in the global in-mold label market owing to high product adoption across industries such as food & beverage and automotive in the region. Mandates regarding usage of recyclable materials are also driving sales. Asia Pacific exhibits the fastest growth momentum with expanding in-mold label usage in industries across China, India, and Southeast Asian countries.

Key players
Key players operating in the in-mold label market are Lake Region Manufacturing Inc., Boston Scientific Corporation, Volcano Corporation, Micro Therapeutics Inc., LuMend Corporation, Terumo Europe N.V., Covidien AG, ASAHI INTECC Company Limited, and Merit Medical Systems Inc. These companies enjoy a prominent position in the market due to strong global production capacity and wide product portfolios.

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