Global in-mold labels market 2015 to 2020
According to a new report by MarketsandMarkets (M&M), the global market for in-mold labels is projected to grow from USD 2.58 Billion in 2015 to USD 3.23 Billion by 2020, at an estimated CAGR of 4.54%.
The demand from the food & beverage sector is expected to experience a higher growth rate, mainly because of the growing demand for packaged and branded products, and consumer awareness toward the authenticity of the product. Beverage manufacturers are widely using in-mold labels on bottles owing to technological advancements such as injection molding, thermoforming, and extrusion blow molding that offers cost-effective solutions (Press Release M&M, 19 February 2016).
Click here for the press release.
Click here for more information about the report.
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