The global sustainable labels market is on a remarkable growth trajectory, with a projected valuation of US$ 15.6 billion in 2022. This expansion is expected to continue at a Compound Annual Growth Rate (CAGR) of 5.7% between 2022 and 2032, reaching a staggering US$ 27.2 billion by 2032.
Sustainable labels have gained immense significance in recent years as consumers, businesses, and regulatory bodies increasingly focus on environmentally responsible practices. These labels play a pivotal role in promoting sustainable products, enhancing brand credibility, and reducing the environmental footprint of packaging.
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In comparison to other labeling options, sustainable labels attest to the product’s attention to environmental safety. These labels have evolved into the perfect marketing tools for businesses to convey to their clients that buying their products is a more environmentally and sustainably responsible decision. These labels employ recyclable materials and environmentally friendly paper and adhesives, which reduce waste and have a positive influence on the state of the planet.
Growing environmental concerns and increased demand for eco-friendly packaging and labeling are two major factors that are anticipated to support growth throughout the forecast period. Millennials and members of Generation Z are now leveraging their purchasing power to promote companies that support moral values like environmental sustainability.
Similarly, increasing production and consumption of packaged goods, especially packaged food items, across the globe is expected to boost the global market over the next decade. Factors such as population explosion, increasing disposable income, and changing lifestyles have resulted in increased consumption of packaged food products. As sustainable labels are being increasingly used in these packaged food items, a rise in their production and consumption will eventually bolster sales in the market.
Key Drivers of Sustainable Labels Market Growth:
- Environmental Awareness: Consumers are becoming more environmentally conscious, demanding transparency about the sustainability of products they purchase. Sustainable labels provide vital information about a product’s eco-friendliness, empowering consumers to make informed choices.
- Eco-Friendly Packaging: Businesses across various industries are adopting eco-friendly packaging solutions, and sustainable labels are an integral part of this transition. They complement the use of recycled materials and biodegradable packaging.
- Regulatory Compliance: Governments worldwide are imposing stricter regulations on labeling and product information. Sustainable labels help companies meet these requirements while showcasing their commitment to sustainability.
- Brand Differentiation: Companies are using sustainable labels to differentiate their products in a competitive market. Such labels convey a clear message of corporate responsibility and environmental stewardship, attracting environmentally conscious consumers.
- Technological Advancements: Innovations in label materials and printing technologies have made it easier and more cost-effective for businesses to incorporate sustainable labels into their packaging.
Sustainable labels encompass a wide range of options, including labels made from recycled materials, biodegradable labels, and labels with eco-friendly inks. These labels not only serve as a visual representation of a brand’s commitment to sustainability but also contribute to reducing the environmental impact of packaging.
As the sustainable labels market continues to grow, it plays an instrumental role in promoting sustainability and responsible consumption practices. The market’s expansion reflects the global commitment to a greener, more sustainable future.
Key Companies:
- HERMA GmbH
- CCL Label
- Avery Products Pty Ltd.
- THE Label Makers LIMITED
- Berkshire Labels
- Crown Labels Mfg. Co Ltd
- Weber Packaging Solutions.
- JK Labels
- Signal Labels Ltd
- VR Labels & Stickers
- Elevate Packaging, Inc.
- Innovia Films Inc.
- Checkpoint Systems, Inc.
- Impression Label
- WEAVABEL
- Paramount Labels
Competitive Landscape
Key manufacturers of sustainable labels are focusing on increasing their sales and revenues as well as meeting end-user demands by expanding their capabilities. They are adopting a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs. Some of the recent key developments by the leading players are as follows –
- In June 2022, THE Label Makers LIMITED collaborated with cocktail mixologists, White Label Cocktails, to produce labels for the Marksologist range by M&S.
- In April 2022, HERMA GmbH developed the first thermal printer label stock free from chemical developers.
- In October 2021, Paramount Labels collaborated with Bar Graphic Machinery for their ‘BGM 370 eDSR with web advance High-Speed Die Cutting Rewinder’ to make the process of label manufacturing simpler.
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Sustainable Labels Industry by Category
By Material Type:
- Plastic
- Paper
By Label Type:
- Pressure Sensitive Labels (PSL)
- Shrink Labels
- Stretch Labels
- Wet Glue Labels
- Others (In-mold, Pre-gummed, etc.)
By Printing Technology:
- Flexography
- Digital
- Gravure
- Screen
- Offset
By End Use:
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Homecare
- Clothing & Apparels
- Chemicals
- Automobiles
- Others Consumer Goods
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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