Bizizz Market Research has recently published a research report, “Laminated labels Market By Type (Fixed Wing, VTOL, STUAS, MALE, HALE, UCAS ), Payload (Up to 25 Kg, Up to 150 Kg, Up to 600 Kg, Above 600 Kg), Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Laminated labels Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 124.0 Bn by 2027, witnessing a CAGR of 4.5 % during the forecast period. Key drivers of the market are raising preference for semi-gloss in laminates for fast scanning of bar code along with high performance is propelling its market growth.
The global demand for laminated labels are evidently Increasing in preference in ease of barcode scanning by semi-gloss finish in laminates enabling fast scanning of bar code is a key factor increasing its growth during the forecast period. Increased demand for aesthetics and high performance from developing countries coupled with pressure-sensitive technologies are anticipated to stimulate the demand. Laminated labels producers offer custom usage in label brands to offer comprehensive product information according to customer prospective. Moreover, growth of retail outlets including hypermarket and superstores, are in raising product packaging is propelling the market development of global laminated label market.
The Laminated labels market is anticipated to register a CAGR of over 4.5% during the forecast period.
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By Product/ Application, food and beverages segment held a prominent share in Global Laminated labels Market in 2018.
It is anticipated that increasing demand of waterproof labeling and labels used on refrigerated and frozen items could propel product demand for food & beverage applications. Moreover, there is greater growth of food and beverage market stimulating the application of labels various industries. Laminated labels are exponentially being adopted by different industries constituting of food and beverage supporting the advantages contributed by laminated labels over substitutes in the market. These laminated labels are considered as an important in various offerings where its information is exhibited on the food product according to different regulations of respective nations.
Asia Pacific region is Anticipated to Dominate the Global Laminated labels Market during the Forecast Period
Raising foreign direct investment (FDI) and suitable government regulations are being enforced China and India are anticipated to propel the growth of laminated labels in the Asia Pacific region. Enforced regulations are being controlled by labeling and packaging criteria for compliance with the CLP regulations, labeling and packaging are anticipated to growth in the laminated label market in Asia pacific region.
Global Laminated labels market is moderately consolidated with key players accounting for significant share in 2018. The prominence of laminated labels is increasing with innovative technologies that is creating competency in the global market for different companies.
Prominent players operating in the Global Laminated labels Market are: Vintech Polymers Pvt Ltd. Fort Dearborn Group, Inland Packaging, Westrock Company, Roll-on mark, Kris Flexipacks, Grip Tight Packaging Pvt. Ltd., Ameet Metaplast Pvt Ltd., Traco Manufacturing Inc., Leading Edge labels & packaging, Jasin Pack, TCPL Packaging Limited, Cosmo Films, Constantia flexible packaging, Mondi company, CPM Internacional S.A., B&H Manufacturing Company, Inc. Tilak Polypack Pvt., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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