Sustainable labels are an integral component of environmentally friendly packaging solutions, designed to minimize environmental impact throughout their lifecycle. These labels are crafted from eco-friendly materials and incorporate sustainable practices in their production, usage, and disposal.
The global Sustainable Labels industry 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.
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.
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Overview:
- Certifications and Standards: To verify their sustainability claims, many manufacturers seek certifications and adhere to industry standards for eco-friendly labeling practices. Common certifications include Forest Stewardship Council (FSC) certification for responsibly sourced paper, compostability certifications such as ASTM D6400 or EN 13432, and labels indicating recycled content.
- Lifecycle Assessment: Sustainable label manufacturers conduct lifecycle assessments (LCAs) to evaluate the environmental impacts of their products from raw material extraction to disposal. LCAs help identify opportunities for improvement and guide decision-making to minimize overall environmental footprint.
- Consumer Education and Awareness: Sustainable labels often include messaging or symbols to educate consumers about the eco-friendly attributes of the packaging and encourage responsible disposal practices. Clear communication about recyclability, compostability, and environmental benefits empowers consumers to make informed choices and participate in sustainability efforts.
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Key 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
Segmentation
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.
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