04.08.16
Market research firm 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 in the packaging industry, demand for pharmaceutical supplies, consumer durables, and logistics applications, increasing consumer awareness, and growth of the e-commerce industry have propelled the growth of the global laminated labels market.
According to the report, 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. The market 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 and beverage and consumer durables industries, the report says.
According to the report, 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. The market 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 and beverage and consumer durables industries, the report says.