Booming E-commerce Industry to Generate Lucrative Opportunities for Players in Global Laminated Labels Market

The global market for laminated labels is expected to witness healthy growth rate in the next few years. The growing demand from a wide range of industries and the increasing focus on attractive and safe packaging and labeling are anticipated to encourage the growth of the overall market in the next few years. According to a research study by Transparency Market Research, in 2015, the global market for laminated labels was worth US$20,022.4 mn and is likely to reach a value of US$ 30,979 mn by the end of 2024. The market is anticipated to register a healthy 5.105 CAGR between 2016 and 2024.

Several concerns related to the development and growth of the laminated labels market across the globe has been discussed at length in the scope of this blog. Some of the questions have been addressed below:

How is the competitive landscape of the global laminated labels market in the coming years?

The global market for laminated labels is highly competitive in nature with a presence of a large number of players operating in it. Some of the prominent players operating in the market are Hub Labels, CCL industries Inc, Coveris Holdings, Avery Dennison Corporation, Langley Labels, and Cenveo. These players are expected to dominate the overall market in the next few years. The increasing number of mergers and acquisition is predicted to encourage the growth of the market in the near future. In addition, the rising focus of these players on advancements in technology and new product development are anticipated to fuel the growth of the market in the coming years.

Which regional segment is projected to grow at a progressive growth rate in the near future?

According to the research study, Asia Pacific is anticipated to lead the global laminated labels market in the next few years and register a healthy 5.30% CAGR between 2016 and 2024. The high growth of this region can be attributed to the increasing pace of industrialization across Asia Pacific. Moreover, the increasing focus on innovations is estimated to fuel the growth of the Asia Pacific laminated labels market in the coming years. Furthermore, North America and Europe are expected to witness progressive growth in the next few years.

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Which growth factors are anticipated to supplement the growth of the global laminated labels market?

A substantial rise in the demand for laminated labels from diverse industries, such as consumer durables, food and beverages, logistics, and pharmaceuticals is anticipated to encourage the growth of the global laminated labels market in the coming years. In addition, the growing popularity of the e-commerce market across the globe and the growing disposable income are predicted to accelerate the growth of the overall market in the next few years. Furthermore, the introduction of bio-based labelling materials is likely to generate lucrative opportunities for key players in the global laminated labels market in the near future.

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