Laminated Labels Market worth 94.49 Billion USD by 2020
The global laminated label market was valued at USD 75.56 Billion in 2015 and is projected to reach USD 94.49 Billion by 2020, at a CAGR of 4.57% from 2015 to 2020. On the basis of compositon, facestock accounted for the largest market share among all compositions for laminated labels. Digital prinitng accounted for the largest share in terms of both volume and value. In terms of printing ink, the market is segmented into water-based, solvent-based, UV curable, and hot-melt-based. In 2014, the application segment was dominated by the food & beverage sector followed by consumer durables and pharmaceuticals. Laminated labels in the form of reels accounted for the largest share in terms of both volume and value. The final segment, that is, the region, consists of North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Globally, competition in the laminated labels market is growing considerably owing to the improvement in labeling technologies such as 3D printing and thermoforming. Laminated label convertors are keen on developing innovative labeling solutions that can withstand severe weather conditions such as extreme temperature and abrasion. The base year considered for the sudy is 2014 and the market size is forecasted from 2015 to 2020.
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