A CAGR of 3.2% is expected for the global in-mould label film market due to the growing demand during the forecast period. It is anticipated to be appraised at US$ 1.56 Billion by 2032, up from US$ 1.14 Bilion in 2022.
| Attributes | Details |
|---|---|
| In-mould Label Film Market Size (2022) | US$ 1.14 Billion |
| In-mould Label Film Market Size (2032) | US$ 1.56 Billion |
| In-mould Label Film Market CAGR | 3.2% |
Manufacturers are creating new labelling possibilities by introducing in-mould label film solutions, with an initial focus on injection moulding applications. They are also focusing on providing their customers with a complete film portfolio for current and future in-mould technologies, including specific needs like a barrier or metallized films.
A certain market player introduced two films which cover the chief injection moulding film technologies, which are solid pigmented white, and high yield solutions. For instance, the Label-lyte 57IMS447 film offers a unique way to create a solid white performance as well as appearance while maximizing yield, to offer more square meters for the same amount of weight supplied.
It delivers very high stiffness, with a thickness of 57-µ, and an unmatched glossy aspect when moulded. Applications requiring a premium glossy finish, along with large containers used in industrial applications, suit ideally to deploy this type of film.
Additionally, the Label-lyte 60IMD447 film matches the lowest densities that are currently available to maximize cost-efficiency while capitalizing on the concerned market player’s unique cavitation technology.
This technology reduces density and enables more polymer to remain in the film compared to CaCO3 cavitated films of the same density. Therefore, this 60-µ film provides robustness and higher stiffness in printing while reducing the “orange peel” aspect when moulded.
Rather than the usual high “orange peel” surface often associated with CaCO3 low-density fins currently available, it offers a satin finish instead. Both films have been specifically curated for the in-mould-label film market share. They deliver die-cutting performance for both offset and flexo printing technologies and efficient printing with high print registration accuracy.
Manufacturers are further offering white voided films for in-mould labels known as LIX and LIM. Moreover, EUP60 is a newly introduced white BOPP film for in-mould labelling produced in Europe. It is a very high opacity, high-yield product, having a density as low as 0.55 g/cm3.
EUP60 is engineered to give outstanding high-speed sheet feeding and adhesion for both UV and oxidative inks, combined with its specially formulated and printable matte surface. It is also designed with special features that make it suitable for any shape lid or container without risk of distortion to the lid or container.
Providing a tactile ‘soft-touch’ finish after moulding, this film is also perfect for use on small-to-medium size, thin or thick wall PP or PE containers. The latest addition to the product portfolio in this market is Titanium. A new metallic IML film was developed to give high visual impact to the final product with either a mirrored reflective “brilliance” finish or an eye-catching “gunmetal” matte finish.
The global In-mould label films market is Anticipated to Expand at a CAGR of ~5.8%, During the Forecast Period.
The global shipment of In-mould label films is expected to reach a thousand tonnes by 2025 on the back of the factors such as attractive packaging with no extra efforts and cost, recyclability, and others. While FMI still expects the In-mould label films market to grow slightly, however, the overall five-year compound annual growth rate (CAGR) remains positive by the end of 2031.
In-mould label films are the plastic label films which are pre-printed and it takes the shape of the container after being injected into a mould. In-mould labelling is a manufacturing process where plastic label is placed into a tool to get it melted and then the melted plastic injected into a mould.
In-mould label films are used by various end-use industries such as food & beverage, pharmaceutical, chemical, and others. In mould label films becomes the integrated part of the container as after cooling down the container and the in-mould label film becomes a single unit.
In-mould label films helps in reducing the need for extra labelling on the container or the bottles which saves the cost as well as time. The printing is been done on the In-mould label films using different techniques such as offset printing and others. The future market outlook for In-mould label films is anticipated to remain revenue generating due to the growing preference for time & cost effective attractive packaging solutions.
The major factor driving the demand for In-mould label films is the elimination of extra effort, time, and cost required for post-labelling as In-mould label films and the container forms the single unit. In-mould label films offer barrier against oxygen, light, dust, and other environmental factors which fuels the demand for the same among the end-use industries.
The In-mould label films offer visibility of the product which is filled inside the container which creates buzz among the customers. Also, the visibility due to transparency helps in creating better customer experience along with customer satisfaction.
The increasing preference for attractive and eye-catching packaging solutions propel the demand for In-mould label films. Overall, on the back of all these factors the market demand for In-mould label films is projected to rise during the forecasted period.
The expanding automobile industry fuels the demand for packaging solutions as packaging is required to protect the products. In-mould label films are best suitable for automobile industry as it provides barrier against light, oxygen, dust and others which is required for the automobile products.
The penetrating automobile industry creates market growth opportunity for the In-mould label films across the world. In-mould label films are considered the suitable labelling technique. Thus, the automobile industry creates growth opportunity for the In-mould label films market.
The fluctuating prices of raw material hinders the market growth for In-mould label films. Also, the availability of raw material such as inks, plastic, and others limits the market growth for In-mould label films. The availability of alternative labelling films also hinders the In-mould label films market.
The global key players for the In-mould label films are
Some Asia Pacific players includes Cosmo Films Ltd., Nissha Co., Ltd., and others.
The key players manufacturing In-mould label films are trying to focus on expanding their presence and capabilities through acquisitions & mergers.
The increasing demand for pharmaceutical products supplement the demand for proper and safe packaging solutions which includes In-mould label films. The increasing demand for pharmaceuticals product lead towards expansion of pharmaceutical industry in the United States. The expansion of pharmaceutical industry in the United States will supplement the sales of In-mould label films in the United States.
In-mould label films are majorly preferred by the food & beverage industry as it protects the product by possessing the barrier properties along with offering an attractive packaging looks. Also, the visibility feature gains traction among the end-use industries.
The food & beverage industries are expanding and penetrating in India & China which will create market growth opportunity for the In-mould label films manufacturers.
The COVID-19 has adverse impact on various end-use industries. Due to various government restrictions the operation in end-use industries were slowdown which resulted in low production.
Also, the supply chain and logistic activities were disturbed due to the government rules & restriction. On the back of these factors, In-mould label films market experienced negative growth rate during COVID-19 as there was low or no demand from the end-use industries.
Later, the end-use industries started operating at its full efficiency and also tries to increase their production capacity to cover the losses which is estimated to offer the market growth opportunity for the In-mould label films.
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In-Mould Label Film Market
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