The global in-mold label (IML) market is projected to experience steady growth over the next decade, with its value expected to climb from USD 1,133.9 million in 2024 to USD 1,501.8 million by 2034, growing at a compound annual growth rate (CAGR) of 2.8%. According to the latest industry analysis, the revenue generated by in-mold labels in 2023 was USD 1,097.1 million, indicating a year-over-year (Y-o-Y) growth of 3.2% in 2024.
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Core Concepts in the In-Mold Labels Industry
- Future Growth: The global in-mold labels industry is expected to grow at a CAGR of 2.8% between 2024 and 2034.
- 2023 Market Value: In 2023, the global in-mold labels industry was valued at USD 1,097.1 million.
- 2034 Market Projection: By the end of 2034, the industry’s worth is anticipated to reach USD 1,501.8 million.
- Highest Growth Region: The Asia Pacific region, excluding Japan, is projected to showcase the highest CAGR of 4.3% during the forecast period.
- Key Manufacturers: Leading manufacturers in the global in-mold labels industry include CCL Industries Inc., Multicolor Corporation, and Constantia Flexibles Group GmbH.
- Regional Demand Surge: The increasing demand for in-mold labels in emerging markets of the Asia Pacific region is driving the industry’s growth.
Key Market Insights:
- Dominance of Injection Molding: Injection molding holds a significant share of the IML industry, commanding 70% of the market. This segment is expected to expand at a CAGR of 3.0% throughout the forecast period.
- Material Preference: Polypropylene is widely used in the manufacturing of in-mold labels, anticipated to generate revenue worth USD 1,185.9 million by 2034.
- Printing Techniques: Offset printing leads the market in the IML sector, projected to create an incremental opportunity of USD 190.7 million during the assessment period. Digital printing, however, is emerging as a popular choice due to its suitability for low-volume label printing and the capability of variable data printing.
- Sectoral Demand: The food industry remains a prominent consumer of in-mold labels, capturing half of the value share. This segment is set to expand by 1.3 times its current market value by 2034, creating an incremental opportunity of USD 404.7 million
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In-mold Labels Market by Category
By Process:
- Blow Molding
- Injection Molding
- Thermoforming
By Material:
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polystyrene (PS)
- Polyethylene (PE)
- Barrier
- Paper & Others
By Printing Method:
- Gravure
- Flexo
- Offset
- Screen
- Digital
- Others
By End-use:
- Food
- Beverage
- Pharmaceuticals
- Domestic Care
- Personal Care & Cosmetics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa (MEA)