03.28.16
Research and Markets has announced the addition of the "Laminated Labels Market - Forecast to 2020" report to its offering. The market is growing in accordance with the growth trends of the converting and packaging industries, the report says, noting that factors such as increasing demand from fresh food and beverage packaging industry, demand for pharmaceutical supplies, consumer durables, and logistics application, increasing consumer awareness, and growth of the e-commerce industry have propelled the growth of the global laminated labels market.
With the increasing demand for convenience and quality food products, people are opting for packaged food products, where the product information and other details such as nutritional information and manufactured & expiry dates are printed, the report says. On the basis of application, the market is segmented into food & beverage, consumer durables, home & personal care, pharmaceuticals, retail labels, and others. Increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient and effective labeling are some of the factors that are driving the laminated labels market. Certain factors such as printing on the package and the increasing cost of raw materials hinder the growth of this industry.
On the basis of key regions, the market for laminated labels is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region held the largest share among all the regions in 2014. This is mainly due to emerging economies in China and India, coupled with growing applications of laminated labels in the food & beverage and consumer durables industry.
With the increasing demand for convenience and quality food products, people are opting for packaged food products, where the product information and other details such as nutritional information and manufactured & expiry dates are printed, the report says. On the basis of application, the market is segmented into food & beverage, consumer durables, home & personal care, pharmaceuticals, retail labels, and others. Increasing disposable incomes of people in developing countries and changing preferences of manufacturers for cost-efficient and effective labeling are some of the factors that are driving the laminated labels market. Certain factors such as printing on the package and the increasing cost of raw materials hinder the growth of this industry.
On the basis of key regions, the market for laminated labels is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region held the largest share among all the regions in 2014. This is mainly due to emerging economies in China and India, coupled with growing applications of laminated labels in the food & beverage and consumer durables industry.