Veneer Labels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Veneer Labels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Transparency Market Research
  • February 2038
  • Packaging
  • 0 pages

Report Description

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Market Introduction:

Veneer labels are pressure sensitive labels and are manufactured using hardwood and are backed with films. These labels can be hot stamped and embossed. Veneer labels are generally used for luxury and high end products such as, wines, high-end beverages, spirits, gourmet foods, cosmetics, perfume and others to enhance consumer appeal. Two of the widely used wood types used for production of veneer labels are cherry and birch stocks, as they provide good texture and are smooth enough for printing. Veneer labels are ideal for short haul and can be printed using UV digital ink jet and flexographic printers. The wood material can be tinted with translucent ink in order to match the color of the wood. The rising level of competition in the global market has compelled brand owners to come up with innovative solutions as part of their consumer engagement strategies. Constant change in consumer preferences has created an absolute need for customization. Therefore, products such as veneer labels are critical to brand owners, for marketing their products.

Manufacturing process involved:

Veneer labels bear limited embossing. If embossing is done too deep, it may crack the wood material. Veneer labels can go under cold or hot stamp, but they will have limitations due to the texture of the surface. It is recommended to store veneer labels in standard temperature conditions and keep the press rolls wrapped until they are ready to use. Generally, veneer labels have shelf life of approximately one year for storage in different environment. Veneer labels are ideal labels and can accept variety of pressure sensitive adhesives.

Segmentation:

The veneer labels market has been segmented on the basis of wood type, backing material type, printing technology used, adhesives used, application, and end use industry.

The pricing has been captured on the basis of wood type, cherry being the most expensive, followed by maple and birch.

On the basis of wood type, the global veneer labels market has been segmented as:

  • Cherry based
  • Birch based
  • Hard maple based

On the basis of backing material used, the global veneer labels market has been segmented as:

  • PET
  • PE
  • Polyester
  • Others

On the basis of printing technology used, the global veneer labels market has been segmented as:

  • Water-based printing
  • UV printing
    • UV offset printing
    • UV flexo printing
  • Waterless printing
  • Flat screen printing
  • Lithographic printing
  • Rotary screen printing
  • Digital printing

On the basis of adhesives used, the global veneer labels market has been segmented as:

  • Solvent based adhesives
  • Emulsion based adhesives

On the basis of application, the global veneer labels market has been segmented as:

  • Glass Bottles
  • Plastic Products
  • Metal Containers
  • Others

On the basis of end use industry, the global veneer labels market has been segmented as:

  • Food & Beverage Industry
  • Alcoholic beverage bottles
  • Confectionery
  • Personal Care & Cosmetics Industry
  • Others

Backing material are used in the production of veneer labels in order to give support to the product. Veneer labels are made up of wood which can be affected easily from water or moisture and is prone to cut. Generally, PET is used as backing material, but polyethylene and polyester can also be used as a backing material.

Key factor influencing market growth:

Veneer labels are mainly used in alcoholic packaging. Changing consumer preference towards beer and wines, especially by millennials, translates into high demand for veneer labels, as the youngsters find it attractive. They want variety. Millennials walk through beer and wine alley expect lots of varieties and are always on a way to try something new rather than stick to the same brand. An attractive label in the retail outlet plays important role in sale of product.

Consumers are more likely to buy products that catches their attention on a shelf. This might outweigh advertisements, coupons, promotions and product recommendations. It is very important to understand that ‘what is on the package is just as important as what is in the package. Veneer labels is one such product which provides attractive and eye-catching look to the product which attracts the customers.

The demand for such attractive packaging increases the chances of impulse buying. Keeping in mind the consumer preferences and effective product presentation, market players are focusing on attractive marketing solutions such as veneer labels.

Production Cluster:

Exhibit 2 indicates production output of veneer labels across the world. The size of cluster indicates the production capacity of the region. The North America region leads the global veneer labels market followed by Western Europe and Asia Pacific excluding Japan. North America and Western Europe are the prime markets for veneer labels due to the presence of a large number of brewery and winery companies in these regions which require these labels for enhancing their product appeal. The same trend is followed by other regions across the globe. Veneer labels are generally used to provide rich look to the products, and it is expected to drive the veneer labels demand in the market.

Key Players operating in the market:

  • Avery Dennison Corporation
  • Multi Packaging Solutions
  • Graphic Wood Technologies, LLC.
  • Wausau Coated Products, Inc.
  • Adcraft Labels, Inc.
  • Overnight Labels, Inc.
  • Oakwood Veneer Company
  • Green Bay Packaging Inc.
  • Fort Dearborn Company
  • Lizard Label Co.

Estimated Tier Structure of Companies:

Tier 1 Companies (with revenues > US$ 100 Mn):

  • Green Bay Packaging
  • Avery Dennison Corporation
  • Fort Dearborn Company

Tier 2 Companies (with revenues between US$ 60 Mn and US$ 100 Mn):

  • Multi Packaging Solutions
  • Overnight Labels, Inc.
  • Wausau Coated Products, Inc.

Tier 3 Companies (with revenues < US$ 60 Mn):

  • Graphic Wood Technologies, LLC
  • Adcraft Labels, Inc.
  • Oakwood Veneer Company
  • Lizard Label Co.

Key Developments:

  • In July 2014, Avery Dennison launched veneer labels as part of its wine portfolio. The brand owners are looking for shorter run labels. According to them, there is a trend towards shorter run, fuses digital direct printing and pressure sensitive capabilities.
  • In August 2013, Multi Packaging Solutions had launched a type of pressure sensitive made with wood veneer. These labels can accept almost all kind of pressure sensitive adhesives. MPS made veneer labels with cherry wood and are digitally printed at its facility in Lansing, Michigan. MPS manufactured veneer labels for a company named Jim Beam. Jim Beam actually want pressure sensitive labels made up of wood veneer. Veneer labels are introduced to the market through Jim Beam’s limited edition American Stillhouse Clermont Kentucky Bourbon Whiskey.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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