The demand of global laminated labels market size and share in terms of revenue was valued at $38.5 billion in 2021 and it is expected to surpass around $57.2 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4.5 percent during the forecast period 2022 to 2030, according to a new report from Zion Market Research.
Escalating demand for FMCG, pharmaceuticals, and consumer durables products will enhance the growth for the global laminated labels market, said the report.
Further, the high consumption of food and beverage products worldwide is anticipated to foster demand in the market in the future. Pharmaceutical and healthcare sectors are boosting the laminated label packaging market across the world for a bigger product portfolio.
Based on the printing technology, the market is segmented into flexographic printing, screen printing, digital printing, offset printing, letterpress printing, gravure printing, and others.
The flexographic printing segment is expected to capture a significant market share over the forecast period. Because it offers greater adaptability when compared to other printing methods like digital printing, offset printing, and more, flexographic printing is frequently used in laminated labels. This enables it to be applied to porous, non-porous, flat, and rough surfaces. Flexographic printing is more compatible with a wide range of ink types, including UV-curable, water-soluble, solvent-based, and others, according to the report.
In terms of revenue, the Laminated Labels market size was valued at around $38.5 billion in 2021 and is projected to reach $57.2 billion by 2030.