The global sustainable labels market is poised for steady growth, with sales estimated to reach USD 1,558.3 million in 2024 and expected to climb to USD 2,374 million by 2034. This growth reflects a compound annual growth rate (CAGR) of 4.3% from 2024 to 2034. In 2023, the market generated USD 1,488.4 million in revenue, and it is anticipated to witness a year-on-year growth of 4.7% in 2024.
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.
With sustainability becoming a more important factor in purchasing decisions, consumers are showing a keen inclination towards purchasing products with sustainable labels. As a result, industries like food & beverages, pharmaceutical, chemical, cosmetics, and others are extensively using these ecofriendly labels. This will continue to boost the global sustainable labels market during the forecast period.
In recent years, paper labels have observed an increase in demand, and are predicted to hold the majority of the value share over the forecast period. The technology and devices used in production are upgraded with the rising demand for labels.
Printing technologies such as flexography ensure long-lasting ink and easy printing. Such technologies are projected to remain lucrative at a steady rate during the forecast period. Moreover, due to the admirable print quality of developing technologies and environmental factors, the digital segment of the sustainable labels market is predicted to progress at a prolific rate during the projected period.
The organized retail sector is experiencing a healthy evolution in developing economies and it is expected to advance rapidly during the upcoming years. Consumers are interested in buying products from supermarkets and retail stores. Changing lifestyles coupled with rising per capita disposable income is estimated to fuel the growth of the retail market, which in turn will bolster sustainable label sales.
Similarly, rising demand for packaged perishable products such as meat, poultry, and seafood is anticipated to increase the sales of sustainable labels during the forecast period.
Manufacturers are also offering advanced labelling solutions to brand owners, which ultimately contributes to the growth of the sustainable labels market.
Market Drivers
- Environmental Concerns and Consumer Behavior
- Growing environmental awareness among consumers and industries is a significant driver for the sustainable labels market. Consumers are increasingly willing to pay a premium for eco-friendly products, including those with sustainable labels. This trend is particularly strong in industries such as food and beverages, cosmetics, and household goods.
- Innovations in Sustainable Labeling
- The market is witnessing innovations like mono-material labels and linerless labels, which contribute to sustainability by easing recycling processes and reducing waste. Mono-material labels, made from similar materials as the packaging, simplify recycling, while linerless labels eliminate the need for a liner, reducing material usage and waste.
“The increased environmental concerns is the major reason for the expansion of sustainable labels market. Besides this, advancements in printing technologies will also positively impact the global sustainable labels market during the assessment period,” – says an FMI analyst
Key Market Segments
- Paper Labels: Dominant Market Share
- Paper labels are expected to dominate the sustainable labels market, holding around 90% of the market share and expanding at a 4.6% growth rate during the forecast period. The eco-friendly and recyclable nature of paper is driving this demand. Technological advancements in manufacturing have led to the production of durable and functional paper labels, which are versatile in design and support multicolor printing, further boosting their adoption.
- Pressure-Sensitive Labels: A Preferred Choice
- Pressure-sensitive labels, known for their versatility and ease of application, are projected to reach USD 654 million in sales by the end of 2024, with a growth rate of 3.2% by 2034. These labels are widely used in the packaging industry as they can be easily attached to various surfaces without the need for heat, water, or solvents.
- Food and Beverage Industry: Leading End-Use Sector
- The food and beverage packaging sector is the largest end-use segment for sustainable labels, capturing approximately one-third of the market share through 2034. Regulatory pressures and food safety laws necessitate detailed labeling in this industry, driving the demand for sustainable labels.
Who is Winning?
HERMA GmbH, CCL Industries, Avery Products Pty Ltd., THE Label Makers LIMITED, Berkshire Labels, and Crown Labels Mfg Co Ltd are the key players operating in the global sustainable labels market. Also, some of the noticeable players operating in the sustainable labels are Weber Packaging Solutions., JK Labels, Signal Labels Ltd, VR Labels & Stickers, Elevate Packaging, Inc, Innovia Films Inc, Checkpoint Systems, Inc., Paramount Labels, and others.
View Full Report: https://www.futuremarketinsights.com/reports/sustainable-labels-market
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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