Global Eco-friendly Labels Market Overview
The key driver impacting the eco-friendly labels market is the growing popularity of eco-friendly labeled products. They limit pollution by reducing car carbon footprints, sustainable, biodegradable, and recyclable. This creates high demand to use green labeling and packaging formats from consumers. Also, the rising demand for packaged food among consumers is likely to develop huge demand for eco-labels from the food and beverage sector. The global packaged foods and drinks sales reached $2.1 trillion in 2017 and are anticipated to rise at a growth rate of 2.2% through 2022, as per the Institute of Food Technologists. Also, consumers are highly inclined toward eco-friendly products and show a willingness to pay more for purchasing such products with eco-friendly packaging. This makes leading food manufacturing brands such as Nestle, Kellogs, J.M. Smucker Company, and Tyson Foods have adopted eco-friendly labels, which contribute to eco-friendly labels market demand in the coming years.
According to Value Market Research, the global eco-friendly labels market size was valued at about USD 1.25 billion in 2020 and is estimated to grow at a CAGR of around 8% during the forecast period 2021 to 2027.
Adopting eco-friendly techniques in manufacturing processes and products is attracting a major consumer base across various industries, which will likely augment the need for eco-friendly labels in the forecast period. However, the concerns regarding data privacy and security hamper the market in the long run. In addition, the lack of established standards for network interoperability impedes the market growth. Nevertheless, the market trends, like the usage of soy-based inks and renewable paper & films with corn-based products and growing awareness among consumers about sustainable living, might provide massive market opportunities to the market's key players.
The eco-friendly labels market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players in the report are SATO Holdings Corporation, Elevate Packaging Inc., CCL Industries, HERMA Labels, Hally Labels, inkREADible Labels, Paramount Labels, VR Labels & Stickers, JK Labels, Signal Ltd., Weber Packaging Solutions, Labels Plus, Crown Labels Mfg. Co. Ltd., Berkshire Labels, WEAVEBEL Ltd., Blair Labeling Inc., Zebra Technologies Corp., Interfas, Genesis Patterns (Labels), and The Label Makers Limited.
Global Eco-friendly Labels Market Share by Region (Representative Graph)
In this research report, the eco-friendly labels market is segmented by material, label type, printing technology, end-use, and region.
Analysis by Material:
By material, the report is categorized into paper and plastic. The paper-based labels segment dominates the material segment, with the largest market share of 75% in 2020. It is due to the huge usage of matte and semi-gloss paper segments. Moreover, the ease of application and good tear stability are influencing segments such as pressure-sensitive labels, contributing to the growth of the paper material segment growth in the forecast period.
Analysis by Label Type:
By label type, the report is divided into Pressure Sensitive Labels (PSL), Shrink Labels, Stretch Labels, Wet Glue Labels, and Others (In-mold, Pre-gummed, etc.). The Pressure, Sensitive Labels segment dominates the label type segment with the largest market share in 2020. There is a rising demand for Pressure Sensitive Labels pressure-sensitive labels as it is one of the easy, highly versatile, and simple label solutions. Moreover, they are effortlessly applied to bottles, containers, and packaging and can work with numerous types of products and finishes, which contributes to the growth of the pressure-sensitive labels (PSL) segment growth in the forecast period.
Analysis by Printing Technology:
By printing technology, the report is divided into flexography, digital, gravure, screen, and offset. The flexography printing technology segment dominates the printing technology segment with the largest market share in 2020. It ensures the durability of inks, ease of printing, and it gives excellent print quality. Moreover, it is extensively utilized for printing on the non-porous substrates necessary for a variety of food packaging, contributing to the growth of the flexography segment growth in the forecast period.
Analysis by End-Use Industry:
By end-use industry, the report is categorized into food & beverages, pharmaceutical, cosmetics & personal care, homecare & toiletries, clothing & apparels, chemicals, and automotive. The food & beverages segment is expected to record the highest CAGR of 11% in the coming years. It is due to the rapidly rising demand for packages of food all across the globe. Moreover, expanding the food sector worldwide contributes to the food & beverages growth in the forecast period.
Analysis by Region:
In the regional outlook of the global eco-friendly labels market, the North America region dominates with the largest market share of 42% in 2020. It is due to the large eco-conscious consumer base in the U.S and other nations of North America. Asia Pacific region is estimated to show a significant growth rate of 8% in the forecast period. It is due to the government regulations are restricting the use of non-degradable and non-renewable, and non-biodegradable materials in packaging products and expanding the food industry contribute to the tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Material
- Paper
- Semi-gloss/Matte Paper
- Vellum Paper
- Direct Thermal Label Paper
- Others
- Plastic
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 Industry
- Food & Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare & Toiletries
- Clothing & Apparels
- Chemicals
- Automotive
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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