Sustainable Labels Market To Reach $27.2 Billion The global sustainable labels market size is pro- jected to grow from $15.6 billion in 2022 to $27.2 billion by 2032, with overall sales exhibiting a Com- pound Annual Growth Rate of 5.7 percent through- out the forecast period (2022-2032), according to a new report from According to Future Market In- sights (FMI). Growing environmental concerns, increasing demand for packaged food products, and ad- vancements in printing technologies are some of the key factors providing impetus to the growth of the global sustainable labels market, according to the report. With sustainability becoming a more important
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factor in purchasing decisions, consumers are showing a keen inclination toward purchasing products with sustainable labels. As a result, in- dustries like food & beverages, pharmaceutical, chemical, cosmetics, and others are extensively us- ing these ecofriendly labels. This will continue to boost the global sustainable labels market during the forecast period. In recent years, paper labels have observed an in- crease in demand, and are predicted to hold the majority of the value share over the forecast period. The technology and devices used in production are upgraded with the rising demand for labels. Printing technologies such as flexography ensure long-lasting ink and easy printing, said the report. Such technologies are projected to remain lucrative at a steady rate during the forecast period. The organized retail sector is experiencing a healthy evolution in developing economies and it is expected to advance rapidly during the upcoming years. Changing lifestyles coupled with rising per capita disposable income is estimated to fuel the growth of the retail market, which in turn will bol- (Cont’d on Page 13)
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