Sustainable labels are environmentally friendly labeling solutions designed to minimize their impact on the environment throughout their life cycle. These labels are developed with a focus on using eco-friendly materials, reducing waste, and promoting sustainability.
The global Sustainable Labels Market is positioned for significant growth, with an anticipated valuation of US$ 15.6 billion in 2022. This upward trajectory is poised to continue, marked by a robust compound annual growth rate (CAGR) of 5.7% spanning the period from 2022 to 2032, ultimately reaching a remarkable US$ 27.2 billion by 2032.
Growing environmental concerns, increasing demand for packaged food products, and advancements in printing technologies are some of the key factors providing impetus to the growth of the global Sustainable Labels Market.
Moreover, sustainability has evolved into a prominent factor influencing consumers’ purchasing decisions, which, in turn, is expected to fortify overall sales of sustainable labels. The landscape is also witnessing the emergence of key players, with the top 5 providers projected to collectively command a substantial market share ranging from 15% to 20% in 2021.
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The surge in demand for eco-friendly packaging solutions and sustainable labeling practices on a global scale, complemented by mounting environmental concerns, stands as a pivotal driver underpinning this growth. Presently, millennials and Generation Z consumers wield their purchasing influence to support brands committed to ethical principles, notably environmental sustainability.
Key aspects related to sustainable labels:
- Material Choices:
- Sustainable labels are often made from eco-friendly materials such as recycled paper, post-consumer waste, bamboo, sugarcane, or other biodegradable materials. These materials aim to reduce the environmental footprint associated with label production.
- Recyclability:
- Many sustainable labels are designed to be recyclable. This allows the labels to be collected with other recyclables, contributing to the circular economy by reducing the amount of waste sent to landfills.
- Biodegradability:
- Some sustainable labels are biodegradable, meaning they can break down naturally into harmless components when disposed of in appropriate conditions. This helps minimize the long-term environmental impact.
- Water-Based Inks:
- Sustainable labels often use water-based inks instead of traditional solvent-based inks. Water-based inks contain fewer volatile organic compounds (VOCs) and are considered more environmentally friendly.
Market Key Trends
Labels serve as vital communicators, conveying credentials, usage instructions, warnings, and more to consumers. The escalating environmental consciousness is steering the market towards sustainable labels, given their integral role in packaging across various industries. The longevity of labels has emerged as a critical concern for both manufacturers and consumers, emphasizing the need for sustainable alternatives.
From large-scale industries to small enterprises, labels find universal application in everyday products. Nevertheless, in response to mounting environmental apprehensions, sustainable labels are swiftly supplanting traditional counterparts, aligning with the growing emphasis on environmentally friendly practices.
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Key Market Players
- 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
Market 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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