Focus On Growing Investments and Increasing Use of In-Mold Labeling in Various Industries Are Major Factor Contributing Towards Development of In-Mold Labeling Market in Middle East & KSA.
Increasing investments & acquisitions: Major investments in the In-mold label market has fueled the growth over the past few years. For instance, investments of USD ~ 2.75 Mn in sheet fed offset printing in middle east led by Al Ghurair printing in Heidelberg XL106 – 10P+L(X4) IML machine and printing technology installation. Another prominent player Al Jawad has also increased its sheet fed offset IML printing capability to 4 machines with the installation of KBA Rapida 106 printing machine to go along with 3 older sheet fed presses.
Positive impact of Covid-19: With the rise of e-commerce and changes in the consumer shopping habits due to lockdown, the demand for packaged goods has skyrocketed. This, in turn, has led to an increase in demand for in-mold labeling solutions, as manufacturers seek to differentiate their products and improve the overall packaging experience for consumers. Furthermore, the pandemic has also accelerated the demand for pharmaceutical products in-mold labeling as it provides a tamper-resistant labeling solutions and prevent counterfeiting which also helps to improve patient safety.
Advantages of Sheet fed labeling: Sheet fed In-mold labeling provides high resolution colors & images for labels as it is compatible with a wide range of colors and can be displayed on both sides of the package. Sheet fed IML is a powerful platform for enhancing graphic effects, enabling business owners the flexibility to respond to creative design ideas using flat, curved, or 3D-formed graphics giving the in-mold container, a clean, smooth, integrated & unlabeled look as opposed to PML, it can also withstand both humid environments & extreme temperature fluctuations (freezing/ cooling conditions). Furthermore, for mass production, Sheet fed IML containers take less time to manufacture because it is produced and decorated in one step to form a single product thus reducing the post labelling operational cost.
Analysts at Ken Research in their latest publication “Globally, Middle East & KSA In-mold Labeling Market Outlook to 2027F – Driven majorly by increasing inclination towards aesthetically appealing no-label look, environmental sustainability, & cost-effectiveness” by Ken Research observed that Global, Middle East & KSA In-mold labeling market is in the growing phase, growing at CAGR of 7% for KSA & Middle East market and Globally 2% between 2019-2022 owning to the increasing investments, positive impact of covid-19, growing demand for sheet fed labels, inclination towards attractive packaging and high product security. It is expected that Global, Middle East & KSA In-mold market will continue to grow, at a CAGR of ~5%, ~12%, ~8% respectively for the 2022-2027F forecasted period.
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Key Segments Covered
Global In-Mold Labelling Market:
By Print Technology, 2022 & 2027F:
- Offset Lithography
- Flexography
- Roto Gravure
- Screen Letterpress
- Inkjet
By End-User, 2022 & 2027F:
- Food and Beverages
- Household Care
- Cosmetic
- Industrial
- Healthcare
- Others
By Geography, 2022 & 2027F:
- Europe
- Asia Pacific
- North Americans
- Middle East
- Others
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Middle East & KSA In-Mold Labelling Market:
By Print Technology, 2022 & 2027F:
- Offset Lithography
- Flexography
- Roto Gravure
- Screen Letterpress
- Inkjet
By End-User, 2022 & 2027F:
- Food and Beverages
- Household Care
- Cosmetic
- Industrial
- Healthcare
Key Target Audience
- Plastic Product Manufacturer
- Medical Device Manufacturer
- Electrical and electronics industry players
- Packaging Companies
- Automotive Companies
- Durable Goods Manufacturer
- Related Government Agencies
- New Entrants
Time Period Captured in the Report:
- Historical Period: 2019-2021
- Base Year: 2022
- Forecast Period: 2023 – 2027F
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Companies Covered:
- Korsini Packaging
- Al Ghurair
- Al Jawad Plastic & Flexible Factory
- Safeer Pac
- Al Marai
- Al Safi Danone
- Halwani Bros.
- Oasis Ameron
- Jazeera Paint
- Clorox Abudawood
- Knooz Al-Ardh
- SIDCO
- Wafir
Key Topics Covered in the Report:
- Value Chain for IML Market
- Global IML Market Size
- Overview of Middle-East & KSA IML Market
- SWOT Analysis of Sheet fed IML Market
- Porter’s five forces analysis of Sheet fed IML Market
- Trends & Development of Sheet fed IML Market
- Issues & Challenges of Sheet fed IML Market
- Growth Drivers of Sheet fed IML Market
- Advantages of Sheet fed IML Market
- Comparison of Sheet Fed Label Printing over Web Press Printing
- Covid-19 Impact on Sheet fed IML Market
- Cross Comparison of Major Players in Sheet fed IML market (Inception, Office Networks, Service Provided, Headquarter, Product information, Industries Served, Competitive advantage, contact information, parent company, machinery used , certification, office location, pre-printed material used, name of clients, employees, vol sold to moulders, no of printing units , revenue, updated technology).
- Analyst Recommendations
For More Insights On Market Intelligence, Refer To The Link Below: –
Global, Middle East, & KSA In-Mold Labeling Market
Related Reports by ken Research: –
Global In-Mold Labelling System Industry
