Press release
Global Eco-friendly Labels Market is Anticipated to Reach USD 2371.1 Million at a Robust CAGR of 6.85% Between 2023 to 2030 | Infinium Global Research
Growing Environmental Awareness Spurs Eco-Friendly Labels Market
The global eco-friendly labels market, valued at USD 1403.7 million in 2022, is set to expand at a CAGR of 6.85%, reaching USD 2371.1 million by 2030. The growth is primarily attributed to the increasing awareness of environmental protection, motivating manufacturers to reduce the environmental impact of their products. Consumers are increasingly focused on reducing their plastic footprint and are actively seeking sustainability-marketed products. This shift in consumer behavior has a direct impact on purchasing decisions and a growing preference for eco-friendly labels. Furthermore, governments worldwide are taking steps to protect the environment by imposing rules and regulations that focus on reducing plastic waste and resources more efficiently. These regulations create opportunities for plastic alternatives, such as PLA, PHB, and paper, which comply with environmental protection regulations. This, in turn, is propelling the demand for eco-friendly labels.
Challenges in Cost and Price Competitiveness
One of the significant challenges facing the eco-friendly labels market is the higher production cost associated with the use of renewable raw materials, including polyalactic acid (PLA), biostone paper, vellum paper, and hemp paper. The cost of these raw materials contributes to the overall expense of eco-friendly labels, making them more costly than conventional plastic labels. For instance, eco-friendly labels made from biostone paper or PLA can cost up to ten times more than traditional plastic labels. Additionally, research and development expenses account for a significant share of the investment in eco-friendly labels, further affecting product prices. The present low oil prices pose a challenge in achieving competitive pricing levels compared to conventional labels. However, with increasing demand and more efficient production processes, prices are expected to decrease significantly over time as companies transition to eco-friendly labels.
Technological Advancements Drive Market Growth
The label industry is actively exploring sustainable materials and adopting innovative approaches to reduce the environmental impact. Alternative inks, based on water and vegetable oils, offer an eco-friendly alternative to petroleum and solvent-based inks. These inks do not emit volatile organic compounds (VOCs) associated with their petroleum and solvent-based counterparts, making them environmentally friendly. Moreover, the utilization of technologies such as QR codes and NFC tags is on the rise in the label industry. These technologies enable consumers to access additional product information by scanning the codes or tags with their smartphones, enhancing the overall consumer experience and engagement. These advancements in the labeling industry are expected to drive market growth.
Key Players
Leading players in the global eco-friendly labels market include 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.
Segmentation
The report offers detailed segmentation of the eco-friendly labels market based on material and end-user categories. Material options include polyalactic acid (PLA), biostone paper, vellum paper, kraft paper, sustainable hemp paper, and others. End-user categories encompass pharmaceuticals, beauty and cosmetics, food and beverage, automotive, and others.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Eco-friendly Labels Market Highlights
2.2. Eco-friendly Labels Market Projection
2.3. Eco-friendly Labels Market Regional Highlights
Chapter 3. Global Eco-friendly Labels Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Restraints
3.2.3.Opportunities
3.3. Analysis of COVID-19 impact on the Eco-friendly Labels Market
3.4. Porter's Five Forces Analysis
3.5. IGR-Growth Matrix Analysis
3.5.1.IGR-Growth Matrix Analysis by Material
3.5.2.IGR-Growth Matrix Analysis by End User
3.5.3.IGR-Growth Matrix Analysis by Region
3.6. Value Chain Analysis of Eco-friendly Labels Market
Chapter 4. Eco-friendly Labels Market Macro Indicator Analysis
Global Eco-friendly Labels Market by Material
5.1. Polyalactic Acid (PLA)
5.2. Biostone Paper
5.3. Vellum Paper
5.4. Kraft Paper
5.5. Sustainable Hemp Paper
5.6. Others
Chapter 6. Global Eco-friendly Labels Market by End User
6.1. Pharmaceuticals
6.2. Beauty and Cosmetics
6.3. Food and Beverage
6.4. Automotive
6.5. Others
Chapter 7. Global Eco-friendly Labels Market by Region 2023-2030
7.1. North America
7.1.1.North America Eco-friendly Labels Market by Material
7.1.2.North America Eco-friendly Labels Market by End User
7.1.3.North America Eco-friendly Labels Market by Country
7.2. Europe
7.2.1.Europe Eco-friendly Labels Market by Material
7.2.2.Europe Eco-friendly Labels Market by End User
7.2.3.Europe Eco-friendly Labels Market by Country
7.3. Asia-Pacific
7.3.1.Asia-Pacific Eco-friendly Labels Market by Material
7.3.2.Asia-Pacific Eco-friendly Labels Market by End User
7.3.3.Asia-Pacific Eco-friendly Labels Market by Country
7.4. RoW
7.4.1.RoW Eco-friendly Labels Market by Material
7.4.2.RoW Eco-friendly Labels Market by End User
7.4.3.RoW Eco-friendly Labels Market by Sub-region
Chapter 8. Company Profiles and Competitive Landscape
8.1. Competitive Landscape in the Global Eco-friendly Labels Market
8.2. Companies Profiles
8.2.1.3M Company
8.2.2.SATO Holdings Corporation
8.2.3.Averry Dennison Corporation
8.2.4.CCL Industries
8.2.5.Avery Products Corporation
8.2.6.Elevate Packaging, Inc
8.2.7.The Label Printers, LP
8.2.8.inkREADible Labels Limited
8.2.9.Hally Labels
8.2.10. The Label Makers Ltd
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of eco-friendly labels.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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