Laminated Labels Market - Rapidly Growing Dynamic Markets
The global market for laminated labels has been experiencing significant rise, thanks to the growth in the packaging industry. According to Transparency Market Research (TMR), the opportunity in this market was US$20.02 bn in 2015. Researchers expect it to rise at a healthy CAGR of 5.10% over the period from 2016 to 2024 and touch a value of US$30.97 bn by 2024 end.
This market study is a thorough methodical research of the performance of the worldwide market for laminated labels in past and over the period from 2016 to 2024.
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The food and beverage, home and personal care, pharmaceuticals, consumer durables, apparel and textile, retail labels, industrial lubricants, gifts, and the paints industries have surfaced as the key end users of laminated labels across the world. Among these, the food and beverages segment has been reporting a relatively higher demand for laminated labels and the trend is expected to continue in the near future. The usage of these labels is also projected to rise in the home and personal care segment over the forthcoming years.
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Asia pacific, the Middle East and Africa, North America, Latin America, and Europe are the key geographical categories of the global market for laminated labels.