Summary

Overview
Global Extrusion In-Mold Labels Market reached US$ 0.9 billion in 2023 and is expected to reach US$ 1.3 billion by 2031, growing with a CAGR of 4.7% during the forecast period 2024-2031.
Brand owners know the significance of packaging design and labeling as integral components of their marketing and branding. Extrusion in-mold labels provide options for brand differentiation, product customization and innovative label designs that appeal to target audiences. Manufacturers use the visual impact and branding possibilities of extrusion in-mold labels to improve product visibility, communicate brand values and boost sales.
Continuous improvements in labeling equipment, technology and printing technologies have increased the efficiency, speed and precision of extrusion in-mold labeling methods. Manufacturers can generate high-quality labels at cheaper costs and faster turnaround times because to innovations including high-speed printing, digital printing capabilities and automation features.
In 2023, North America is expected to be the second-dominant region with about 25% of the global extrusion in-mold labels market. The region has large customer base, with rising demand for frozen goods. As per a survey conducted by the Food Industry Association and the American Frozen Food Institute, the category has risen rapidly over the last year, with revenues expected to increase by 21% in 2020. Extrusion in-mold labels provide appealing and durable labeling solutions which assist brands differentiate their products, encouraging adoption in the region.
Dynamics
Growing Demand for Sustainable Packaging
With increased awareness of environmental problems and sustainability concerns, there is an increase in demand for sustainable packaging solutions that decrease waste, lower carbon footprints and promote recycling and circular economy principles. Extrusion in-mold labels are suitable with recyclable and biodegradable materials, providing eco-friendly labeling alternatives for firms aiming to improve their sustainability credentials while meeting customer expectations.
A recent Capgemini survey on sustainability and transforming consumer behavior discovered that 79% of consumers are changing their shopping habits due to social responsibility and environmental effect. Furthermore, 53% of customers and 57% of those aged 18 to 24 have switched to lesser-known products that are more environmentally friendly. Over 52% of customers stated to have an emotional link with companies that they consider sustainable.
Rising Demand for Packaged Food
The global extrusion in-mold labels market is being driven by rising demand for packaged goods across a wide range of industries. Changes in consumer behavior have resulted in a growth in the use of packaged products ranging from food & beverages to personal care & household goods. The rising demand requires efficient and innovative labeling solutions, such as extrusion in-mold labels, which provide better product presentation and brand identity.
In accordance to a report released in March 2021 by the Foreign Agriculture Service of U.S. Department of Agriculture, frozen food consumption in Japan, particularly frozen snacks, has gradually increased over the last decade. In March 2021, the European Commission also passed new laws on the action plan for organic production, which will help to expand Europe's organic food and beverage sector. Thus, owing to this, the demand for extrusion in-mold labels is expected to increase during the forecast period.
Limited Compatibility and Processing
Extrusion in-mold labels can be used for a variety of container shapes and sizes, however they may not be compatible with all package formats. Containers with complicated designs, unique shapes or tight curves may present label application and adhesion issues, limiting the use of extrusion in-mold labels technology in specific markets or industries.
The choice of appropriate label materials and processing settings is important to the success of extrusion in-mold labeling. Certain label materials may be limited in terms of heat resistance, barrier qualities or compatibility with specified packaging substrates. Manufacturers may experience difficulties in sourcing suitable materials that match performance standards and are compatible with the extrusion in-mold labels process.
Segment Analysis
The global extrusion in-mold labels market is segmented based on material, printing technology, application and region.
Rising Adoption of Flexopgraphic Printing due to Cost Effectiveness
Flexographic printing is expected to be the dominant segment with over 25% of the market during the forecast period 2024-2031. Flexographic printing is an affordable method for producing huge quantities of labels. It provides more efficient ink consumption, faster printing rates and shorter setup times than other printing methods, resulting in lower manufacturing costs per label. Flexographic printing is a cost-effective choice for extrusion in-mold label producers, particularly for high-volume applications.
The e-commerce industry is quickly expanding, which will drive market demand during the forecast period, as flexographic printing is essential in the production of labels that are widely used across the industry. For example, Invest India estimates that the Indian e-commerce business will be valued more than US$ 55 billion in gross merchandise value by 2021. It is projected to reach US$ 350 billion by 2031.
Geographical Penetration
Expansion of E-Commerce in Asia-Pacific
Asia-Pacific is expected to be the dominant region in the global extrusion in-mold labels market covering over 13/rd of the market. The growth of retail infrastructure, combined with the rise of e-commerce in the region, has raised demand for packaged goods and labeling solutions. Extruded in-mold labels play an important role in branding and customer engagement in both traditional retail and online channels, driving market expansion.
E-commerce has transformed the way individuals conduct business in India. The Indian e-commerce sector is predicted to reach US$ 200 billion by 2026, up from US$ 38.5 billion in 2017. According to IBEF, the Indian online grocery market would increase at a CAGR of 57% from US$ 1.9 billion in 2019 to US$ 18.2 billion by 2024. Expansion in the industries will boost demand for the extrusion in-mold labels in the region.
Competitive Landscape
The major global players in the market include CCL Industries, Inc., Namo Packaging Solutions Pvt. Ltd., Coveris Holdings S.A., Huhtamaki Group, COSMO FILMS, Hammer Packaging, Fuji Seal International Inc., Avery Dennison Corporation, Innovia Films Ltd. and Inland.
COVID-19 Impact Analysis
The epidemic impacted globally supply chains, resulting in raw material shortages, transit delays and manufacturing shutdowns. It has an impact on the availability of inputs such as polymers and resins used in the manufacture of extruded in-mold labels, causing production and distribution issues. Changing consumer habits during the pandemic, including as increasing demand for packaged goods, e-commerce expansion and a preference for sanitary packaging solutions, all had an impact on the demand for extruded in-mold labels.
Manufacturers had to respond to changing demand and alter production levels accordingly. Many extruded in-mold label makers suffered operational issues as a result of lockdowns, social distancing measures and labor shortages. Production facilities worked at reduced capacity, causing delays in order fulfillment and project timeframes.
Russia-Ukraine War Impact
Both Russia and Ukraine play important roles in the global supply chain for raw materials used in plastic packaging, such as polymers and resins. Any disruptions in the supply of the materials caused by the war, such as transportation delays, trade restrictions or production shutdowns, have an impact on the availability and cost of inputs for extruded in-mold label makers globally. It resulted in higher manufacturing costs and supply chain uncertainty for companies that rely on these materials.
The geopolitical tensions caused swings in global commodity prices, particularly those for petroleum, petrochemicals and raw materials needed in plastic production. pricing volatility of inputs like polyethylene and polypropylene impacted the cost structure of extruded in-mold label producers, potentially resulting to product pricing changes to counter increased material costs.
By Material
• Polypropylene
• Polyethylene
• Polyvinyl Chloride (PVC)
• Others
By Printing Technology
• Flexographic Printing
• Offset Printing
• Others
By Application
• Food & Beverages
• Automotive
• Home & Personal Care
• Electronics
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In 2023, SABIC teamed up with three in-mold labeling experts to show the use of certified sustainable polypropylene resins in mono-PP thin-wall container packaging without sacrificing quality, processability, safety or convenience. The single-step IML method decorates the part inside the mold, making the label an integrated part of the packaging.
• In 2023, Multi-Color Corporation, one of the world's major label producers, is happy to announce the acquisition of Korsini, a leading in-mold label solutions provider based in Turkey.
Why Purchase the Report?
• To visualize the global extrusion in-mold labels market segmentation based on material, printing technology, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of extrusion in-mold labels market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global extrusion in-mold labels market report would provide approximately 61 tables, 55 figures and 197 pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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Table of Contents

Table of Contents
1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Material
3.2. Snippet by Printing Technology
3.3. Snippet by Application
3.4. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Growing Demand for Sustainable Packaging
4.1.1.2. Rising Demand for Packaged Food
4.1.2. Restraints
4.1.2.1. Limited Compatibility and Processing
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Material
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
7.1.2. Market Attractiveness Index, By Material
7.2. Polypropylene*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Polyethylene
7.4. Polyvinyl Chloride (PVC)
7.5. Others
8. By Printing Technology
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Printing Technology
8.1.2. Market Attractiveness Index, By Printing Technology
8.2. Flexographic Printing*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Offset Printing
8.4. Others
9. By Application
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
9.1.2. Market Attractiveness Index, By Application
9.2. Food & Beverages*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Automotive
9.4. Home & Personal Care
9.5. Electronics
9.6. Others
10. By Region
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
10.1.2. Market Attractiveness Index, By Region
10.2. North America
10.2.1. Introduction
10.2.2. Key Region-Specific Dynamics
10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Printing Technology
10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.2.6.1. U.S.
10.2.6.2. Canada
10.2.6.3. Mexico
10.3. Europe
10.3.1. Introduction
10.3.2. Key Region-Specific Dynamics
10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Printing Technology
10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.3.6.1. Germany
10.3.6.2. UK
10.3.6.3. France
10.3.6.4. Italy
10.3.6.5. Russia
10.3.6.6. Rest of Europe
10.4. South America
10.4.1. Introduction
10.4.2. Key Region-Specific Dynamics
10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Printing Technology
10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.4.6.1. Brazil
10.4.6.2. Argentina
10.4.6.3. Rest of South America
10.5. Asia-Pacific
10.5.1. Introduction
10.5.2. Key Region-Specific Dynamics
10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Printing Technology
10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.5.6.1. China
10.5.6.2. India
10.5.6.3. Japan
10.5.6.4. Australia
10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
10.6.1. Introduction
10.6.2. Key Region-Specific Dynamics
10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Printing Technology
10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11. Competitive Landscape
11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis
12. Company Profiles
12.1. CCL Industries, Inc.*
12.1.1. Company Overview
12.1.2. Product Portfolio and Description
12.1.3. Financial Overview
12.1.4. Key Developments
12.2. Namo Packaging Solutions Pvt. Ltd.
12.3. Coveris Holdings S.A.
12.4. Huhtamaki Group
12.5. COSMO FILMS
12.6. Hammer Packaging
12.7. Fuji Seal International Inc.
12.8. Avery Dennison Corporation
12.9. Innovia Films Ltd.
12.10. Inland
LIST NOT EXHAUSTIVE
13. Appendix
13.1. About Us and Services
13.2. Contact Us