Eco-friendly Labels Market Share, Size, Price Growth, Report 2023-2028

IMARC Group's latest research report, titled "Eco-friendly Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights into the global eco-friendly labels market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global eco-friendly labels market size reached US$ 1.26 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.85% during 2023-2028.

Eco-friendly Labels Market Overview:

Eco-friendly labels are a type of labeling that emphasizes sustainable and environmentally conscious practices. These labels communicate to consumers that the product or packaging has been produced with minimal environmental impact. The materials used for these labels are often biodegradable, recycled, or sourced from sustainable and renewable resources.

Eco-friendly labels promote responsible consumption by providing transparency about a product's ecological footprint. They cater to the growing consumer demand for environmentally friendly products, encouraging businesses to adopt more sustainable practices and contribute to a greener, more eco-conscious marketplace.

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Competitive Landscape with Key Players:

• Avery Dennison Corporation
• CCL Industries Inc
• Elevate Packaging Inc
• Hally Labels
• inkREADible Labels Limited
• JK Labels
• Labels Plus
• Paramount Labels
• SATO Holdings Corporation
• The Label Makers Ltd

Eco-friendly Labels Market Growth and Demand:

The global market is primarily driven by the increasing awareness among consumers about ecological sustainability. Regulatory initiatives and standards emphasizing sustainability, such as eco-label certifications, further stimulate market growth by encouraging adherence to eco-friendly labeling practices. Moreover, the rising demand for eco-conscious products has pushed manufacturers to incorporate sustainable packaging, with eco-friendly labels as a visible marker of a product's environmental credentials.

Companies recognize the market value of aligning their brand with eco-friendly initiatives, driving the adoption of such labels as a strategic marketing tool. Besides, technological advancements in label manufacturing contribute to the market's expansion, facilitating the production of labels from recycled materials and using eco-friendly printing technologies. The growing emphasis on circular economies and waste reduction also plays a role, with eco-friendly labels aligning with the broader sustainability goals of reducing environmental impact.

Additionally, increased corporate responsibility and a focus on corporate sustainability practices contribute to adopting eco-friendly labels across industries. As consumers become more discerning about the environmental impact of products, the market for eco-friendly labels is poised for continued growth, driven by a collective commitment to fostering a more sustainable and eco-conscious global marketplace.

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Key Market Segmentation:

Breakup by Material:

• Paper
o Semi-gloss/Matte Paper
• Plastic
o PLA (Polylactic Acid)
o PHB

Breakup by Label Type:

• Pressure Sensitive Labels (PSL)
• Shrink Labels
• Stretch Labels
• Wet Glue Labels
• Others

Breakup by Printing Technology:

• Flexography
• Digital
• Gravure
• Screen
• Offset

Breakup by End User:

• Food and Beverages
• Pharmaceuticals
• Cosmetics and Personal Care
• Homecare and Toiletries
• Clothing and Apparels
• Chemicals
• Automotive

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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This release was published on openPR.