Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.1 Billion | USD 2.3 Billion | 7.8% | 2020 |
The global Eco-Friendly Labels Market accrued earnings worth approximately 1.1 USD Billion in 2020 and is predicted to gain revenue of about 2.3 USD Billion by 2028, is set to record a CAGR of nearly 7.8% over the period from 2022 to 2028. The report offers an assessment and analysis of the Eco-Friendly Labels market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Eco-friendly labels are produced by making use of environmentally friendly materials and are designed for reducing the carbon footprints of firms. Sustainable material choices for producing eco-friendly labels include renewable and recycled materials. Apart from this, labels are used in every sphere of day-to-day activity for displaying warnings, directions, the importance of tree plantation, the benefit of cleanliness, COVID -19 awareness, vaccine Information, and green environment advocacy along with other promotional events. With the need for an increased shelf life of labels, the eco-friendly labels market is slated to experience accelerated growth over the forecast period.
Massive demand for sustainable labels manufactured from dissolvable & reputable papers, renewable papers & fabrics, and customer scrap will steer the growth of the eco-friendly labels industry over 2021-2028. High awareness about environmental pollution and landfills among consumers has resulted in a growing preference for environment-friendly labels & packaging, thereby driving market trends. Favorable product features including biodegradation and recallability will steer the expansion of the eco-friendly labels market in upcoming years.
The rise in the sale of eco-friendly labels for packaging activities and large occupancy of shelf space by eco-friendly labels in supermarkets & hypermarkets will augment the size of the eco-friendly labels market. The rise in pressurization and the need to attract customers by bringing improvement in the aesthetic appearance of packaging products will promulgate growth of the eco-friendly labels industry during the forecast period.
The Asia Pacific To Lead Regional Market Growth During 2021-2028
Expansion of eco-friendly labels industry in the Asia Pacific over forecast timeline is due to surge in populace & environmental consciousness among the persons. Apart from this, with countries such as India and China being major business destinations, the sale of eco-friendly products is predicted to increase manifold in these countries, thereby contributing sizably to market size in the Asia Pacific.
Additionally, governments of the Asia Pacific region are supporting the use of renewable & environment-friendly products. This, in turn, will open new prospects for growth for the eco-friendly labels market in the Asia Pacific over the forecast timeline.
Report Attributes | Report Details |
---|---|
Report Name | Eco-Friendly Labels Market Research Report |
Market Size in 2020 | USD 1.1 Billion |
Market Forecast in 2028 | USD 2.3 Billion |
Growth Rate | CAGR of 7.8% |
Number of Pages | 130 |
Key Companies Covered | SATO Holdings Corporation, JK Labels, Elevate Packaging Inc., CCL Industries, Hally Labels, Paramount Labels, Signal Limited, Weber Packaging Solutions, HERMA Labels, Zebra Technologies Corporation, Blair Labeling Inc., Berkshire Labels, Crown Labels Mfg. Co. Ltd., and Genesis Patterns. |
Segments Covered | By Label Type, By Material, By End-Use, By Printing Technology, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2020 |
Historical Year | 2016 to 2020 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the leading in the global market include
By Label Type
By Material
By End-Use
By Printing Technology
By Region
FrequentlyAsked Questions
Massive demand for sustainable labels manufactured from dissolvable & repulpable papers, renewable papers & fabrics, and customer scrap will steer growth of eco-friendly labels industry over 2021-2028. High awareness about environmental pollution and landfills among consumers has resulted in growing preference for environment friendly labels & packaging, thereby driving market trends. Favorable product features including bio-degradation and recyclability will steer expansion of eco-friendly labels market in upcoming years. Rise in sale of eco-friendly labels for packaging activities and large occupancy of shelf space by eco-friendly labels in supermarkets & hypermarkets will augment size of eco-friendly labels market. Rise in premiumization and need to attract customers by bringing improvement in aesthetic appearance of packaging products will promulgate growth of eco-friendly labels industry during forecast period.
According to Zion market research report, the global Eco-Friendly Labels market accrued earnings worth approximately 1.1(USD Billion) in 2020 and is predicted to gain revenue of about 2.3(USD Billion) by 2028, is set to record a CAGR of nearly 7.8% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to massive surge in populace & environmental consciousness among the persons. Apart from this, with countries such as India and China being major business destinations, sale of eco-friendly products is predicted to increase manifold in these countries, thereby contributing sizably towards market size in Asia Pacific. Additionally, governments of Asia Pacific region are supporting use of renewable & environment friendly products. This, in turn, will open new prospects of growth for eco-friendly labels market in Asia Pacific over forecast timeline.
The key market participants include SATO Holdings Corporation, JK Labels, Elevate Packaging Inc., CCL Industries, Hally Labels, Paramount Labels, Signal Limited, Weber Packaging Solutions, HERMA Labels, Zebra Technologies Corporation, Blair Labeling Inc., Berkshire Labels, Crown Labels Mfg. Co. Ltd., and Genesis Patterns.
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