Market developments and potentials for the IML market
One must always take a particularly close look at market developments and, above all, at supply chain dynamics. The IML label printer is located in the middle of the IML label supply chain. In other words, the printer is dependent on the market developments of the downstream chains. The printer acts as a supplier to the injection molding companies. And we want to take a look at this market and the developments in the coming years. The injection molding company in turn serves the branded goods industry and the developments here and the forecasts are the basis for the purchase of new machines. Here, too, we are paying special attention to the strongest segment, food and in particular dairy products, and the strongly budding market of alternative substitute products in the milk sector.
The Injection MoldingMachine Market | Development
The global IMM (Injection Molding Machine) market is growing at a rate of approximately 3.5% per year. While in 2019 the market was still 18 billion USD, sales will grow to 24 billion USD by 2027. The trend towards more lightweight and mono-packaging is one of the drivers of these developments.
Thin Wall Packaging Market
According to Report & Data, the global market for thin-wall packaging is expected to reach $61.32 billion by 2026. The growing demand for pre-packaged food is driving this market. Products such as tubs, cups, bowls, plastic jars and clamshells provide protection and convenience for the product, increasing consumer appeal while reducing the carbon footprint.
The growing urban population and increase in disposable income are boosting the market. The demand for packaged food has increased among consumers because it is light, inexpensive and customer-friendly.
In Europe, a growth rate of 4.6% is forecast up to 2026. The recovery after the COVID 19 period is also included. The economic recovery and the retail trade’s expansion efforts on a global scale are the drivers.
Global Dairy Products Market
The global dairy market is expected to grow by approximately $130 million by 2027, despite the COVID 19 crisis and the looming economic recession. Taking current events into account, a revised growth rate of 3.7% per year is expected.
Dairy Alternatives Market
The market for IML is also growing in a completely different segment. The alternative segment of non-dairy-based substitute products. The dairy alternatives market is projected to grow from USD 21.4 billion in 2020 to USD 36.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. This is attributed to the nutritional benefits offered by plant-based dairy alternatives.
Milk & Yogurt substitutes
What are these products and what market potential do they represent for IML?
- Soy milk
- Rice milk
- Oat milk
- Almond milk
- Coconut milk
- Cashew milk
- Flaxseed milk
- Hemp milk
Everything summarized in a nutshell
IML labels are a constantly growing market with increasing potential. We wanted to look at the entire downstream supply chain. To put the numbers of machine builders for injection moulding systems in relation to the growth segments. Yes, the figures are consistent. And IML will grow. Especially in the sheetfed offset sector, but also in the flexo sector.