London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global In-mold Labels Market 2015-2019, which is expected to post a CAGR of 5.81 percent during the forecast period of 2014-2019.
In-mold labels provide flexibility to the F&B manufacturers in terms of printing processes and color selection to enhance the product visibility and brand identification in the market. The rise in consumer preference for lightweight and highly aesthetic packaging is expected to motivate the vendors to invest in technology in the Global In-mold Labels market during the forecast period.
“The increase in environmental concerns and the need to reduce pollution have led to more emphasis being placed on sustainability, i.e., the use of recyclable materials, especially plastic, in labeling and the use of resins derived from renewable resources,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors are increasing their investment in the development of eco-friendly label products and promoting environmental sustainability.”
Key Market Drivers
- Reduction in Labeling Cost
- Sustainable Material
- Increased Demand for Packaged F&B
Key Market Trends
- Increase in Demand from Emerging Countries
- Increase in Demand for Sustainable Labels
- Growth in Digital Printing
Key Market Vendors
- EVCO Plastics
- Inland Label & Marketing Services LLC
- Innovia Films Ltd.
- Vibrant Graphics
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
