A recent report published by Infinium Global Research on the eco-friendly labels market provides an in-depth analysis of segments and sub-segments in the global as well as regional eco-friendly labels market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional eco-friendly labels market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global eco-friendly labels market. According to the report, the global eco-friendly labels market is projected to reach a value of over USD 2 Billion in 2027 from USD 1 Billion in 2021 with a CAGR of 12% over the forecast period of 2021-2027.
The Labels on the product indicate its expiry date, content in the product, warning, manufacturing date, handling instructions, and others. Conventional labels are hazardous to the environment. They are made from materials that are not compostable and bio-degradable. Every year thousands of trees are cut down to make labeling paper. Millions of bottles, cartons, and other such things are dumped along with their labels. The associations such as Forest Stewardship Council are spreading the awareness of eco-friendly labeling. New eco-friendly water-soluble inks are also being used while preparing labels. With new innovations in printing technology, the scope of eco-friendly labels is further growing.
The awareness among consumers regarding eco-friendly is growing at a rapid pace. Consumers are adopting eco-friendly consumption patterns. The demand from consumers is growing for green packaging and labelling. The awareness among consumers is also growing due to initiatives by organizations such as Forest Stewardship Council. This organization also provides certification for eco-friendly labelling. The adoption of sustainable packaging is growing among industries. Many packaging enterprises have planned to provide 100% sustainable packaging solutions by 2030. Also, in general, many enterprises are focusing on turning their business processes into sustainable processes by 2030. Eco-friendly labelling is an important part of sustainable packaging. Thus, an increased push for sustainable packaging is driving the market. Governments around the world are also pushing industries to adopt eco-friendly labelling. The eco-friendly labels are costly to produce. Thus, their inclusion in products would increase the prices of the products. Also, every consumer may not think of buying products with eco-friendly labels. Thus, this factor is restraining the market. As new technological advancements such as new printing technologies take place new opportunities are expected to arise in the market.
North America is expected to be the dominant region in the market. While Asia-Pacific is expected to grow at the fastest rate. The pharmaceutical, electronics, and food and beverage industries are big in North America. The growing use of eco-friendly labels from these industries is driving the market in the region. The adoption of sustainable packaging is also high. The awareness about green labeling and packaging is growing in the Asia-Pacific region. Many companies are using green labels on their products. Also, the consumers are highly concerned about the environment. Thus, the region is expected to grow at the fastest rate.
The report on the global eco-friendly labels market covers segments such as material, and end user. On the basis of material, the sub-markets include polyalactic acid (PLA), biostone paper, vellum paper, kraft paper, sustainable hemp paper, and others. On the basis of end user, the sub-markets include pharmaceuticals, beauty and cosmetics, food and beverage, automotive, and others.
The report provides profiles of the companies in the market such as 3M Company, SATO Holdings Corporation, Averry Dennison Corporation, CCL Industries, Avery Products Corporation, Elevate Packaging, Inc, The Label Printers, LP, inkREADible Labels Limited, Hally Labels, and The Label Makers Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the eco-friendly labels market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.