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You are here: Home / Industry News / Laminated Label Market Expected to Reach $94.49 Billion by 2020

Laminated Label Market Expected to Reach $94.49 Billion by 2020

March 31, 2016 by Argon

Laminated Label Market Expected

 

Quality food labeling is driving global packaging trends. The laminated label market is expect to grow to $94.49 billion through 2020, according to a recent report from Research and Markets. The increasing demand for convenient, quality packaged food and beverage products are leading to significant growth in laminated food labeling manufacturing and distribution. The market was previously value at $75.56 billion in 2015.

Packaged Food Products

More consumers are choosing package foods because the labels include all the necessary information relate to nutrition. Nanufacturing date, regulatory certifications and date of expiration. Manufacturers are able to produce food labels more efficiently. The increased logistical uses for barcode labeling has also impacted the global demand for laminated labels.

Asia represents the largest market for future growth, with emerging economies such as China and India consuming a rising amount of packaged food and consumer durables. The growing middle class in this region is expected to see an uptick in spending money for packaged food products. Japan will also drive growth in Asia, with the growing consumer demand for convenience goods. Digital printing is the most widely-use form of laminate labeling. Allowing manufacturers to reduce costs while increasing volume.

Segmentation

The global laminated label market is segmente into the following groups:

  • Consumer durables.
  • Home and personal care.
  • Food and beverage.
  • Pharmaceuticals.
  • Retail.

A high-performance food labeling printer such as the Afinia L801 Memjet can reflect a food manufacturer’s values and aspirations. Contact us today to learn more about how taking control of your label strategy can provide new opportunities for brand marketing and customer engagement.

Filed Under: Industry News Tagged With: Laminated Label Market Expected

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