US$ 4.5 Billion In-Mold Labels Market Research Report 2023-2028

2023-02-28 13:59:00 By : Mr. Xinquan Chen

According to the latest report by IMARC Group, titled “In-Mold Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global in-mold labels market size reached US$ 3.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.26% during 2023-2028. In-mold labels (IML) are pre-printed polypropylene stickers that are widely utilized for labeling or decoration of an object. They comprise product information and graphical images and are usually manufactured by getting injected into an open mold at high pressure and temperature. They are embedded into the wall of the container to provide a seamless finish to the product. They utilize a wide range of effects, textures, and colors that make them aesthetically appealing. Additionally, it is also embedded through thermoforming or blow molding techniques and offers flexibility and lower production costs compared to decorating technologies and conventional post-molding labels while providing resistance to temperature and humidity.

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The escalating demand for in-mold labels (IML) from the food and beverage industry majorly drives the global market. This can be supported by increasing product utilization to enhance the appearance of the food items to attract potential customers and provide important information regarding the content. Along with this, the shifting preference for attractive packaging is encouraging manufacturers to utilize multi-colored prints and a no-label look on consumer products, which is significantly supporting the market. In addition, the accelerating demand for high-quality and cost-effective labels from the chemical and pharmaceutical industries is propelling the demand. Furthermore, several producers are adopting recyclable materials due to the rising concerns about environmental pollution is creating a positive market outlook. 

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