According to Stratistics MRC, the Global Eco-Friendly Labels Market is accounted for $1.6 billion in 2024 and is expected to reach $2.4 billion by 2030 growing at a CAGR of 7% during the forecast period.
Certifications and markings that attest to a product’s environmental sustainability and adherence to particular ecological standards are known as eco-friendly labels. They signal that a product meets certain sustainability standards, considering factors like materials, production, and disposal. These labels help consumers make informed choices and promote environmentally responsible products.
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Over the forecast period, Asia Pacific is anticipated to exhibit the highest CAGR due to rapid industrialization and increasing awareness about sustainability among consumers and businesses. Governments in countries like China and India are implementing strict regulations on plastic waste management, encouraging the adoption of eco-friendly labeling solutions. The region’s expanding e-commerce sector further boosts demand for sustainable packaging materials like eco-friendly labels.
Some of the key players in Eco-Friendly Labels Market include SATO Holdings Corporation, CCL Industries, Weber Packaging Solutions, HERMA Labels, Zebra Technologies Corporation, Elevate Packaging Inc., Avery Dennison Corporation, Smurfit Kappa, Blair Labeling Inc., Crown Labels Mfg. Co. Ltd., Genesis Patterns, Paramount Labels, inkREADible Labels Limited, The Label Makers Ltd, Hally Labels, Labels Plus, WEAVABEL LTD and Interfas.
Key Developments:
In May 2024, CCL Industries Inc. (“the Company”), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced it has signed a binding agreement to acquire the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL (“PCCL”), from its partner, Albwardy Investment LLC headquartered in Dubai. PCCL operates manufacturing facilities in the United Arab Emirates, Oman, Egypt, Saudi Arabia and Pakistan. The transaction is expected to close this summer, subject to local regulatory procedures in the jurisdictions.
In April 2024, Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced the launch of its Sustainability Partner Recognition Program to acknowledge channel partners who implement Zebra solutions to achieve sustainable outcomes. The new program is open to all Zebra PartnerConnect hardware and ISV partners globally.
In February 2022, the creative, innovative and driven team at Blair Labeling is thrilled to announce a recent rebrand to Impression Label. Since 1986, Blair Labeling has been providing quality, rapid printing turnaround times and incredible customer service to the people of Colorado. Blair Labeling’s recent merger with Buckley Graphics will allow the company access to cutting edge technology and to become a leader in innovative designs as a unified company.
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