Sustainable Labels Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Material Type (Plastic, Paper); By Label Type (Pressure Sensitive Labels (PSL), Shrink Labels, Stretch Labels, Wet Glue Labels); By Printing Technology (Flexography, Digital, Gravure, Screen, Offset); By End Use (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Homecare, Clothing & Apparels, Chemicals); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Sustainable Labels Market Size Expands to Cross USD 24-Billion Mark by 2029
Global sustainable labels market is flourishing because of increasing consumer awareness, growing concerns about climate change, and raid adoption of advancements in printing technology and materials.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global sustainable labels market size at USD 15.82 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global sustainable labels market size to grow at a significant CAGR of 6.25% reaching a value of USD 24.01 billion by 2029. Major growth factors of global sustainable labels market include growing awareness of environmental issues, high demand for packaged food products, and rising advancements in printing technology. Consumers are increasingly valuing sustainability when making purchasing decisions, and are favoring products that feature sustainable labels. As a result, various industries, such as food and beverages, pharmaceuticals, chemicals, and cosmetics, are increasingly utilizing eco-friendly labels. As a result, the global sustainable labels market is expected to grow at a steady rate in the coming years. However, higher costs associated with sustainable label production compared to traditional labels and complex and diverse regulatory landscape for sustainable labeling across regions are anticipated to hinder the growth of overall market during the forecast period.
Global Sustainable Labels Market – Overview
The global sustainable labels market refers to the market for eco-friendly labels that have minimal environmental impact throughout their lifecycle. Sustainable labels are made from environmentally friendly materials and are designed to promote sustainability by reducing waste, conserving natural resources, and promoting recycling. The market includes labels used in various industries such as food and beverage, personal care and cosmetics, pharmaceuticals, and retail, among others. The growing demand for sustainable and eco-friendly products is driving the growth of the global sustainable labels market, with companies focusing on product innovation and expansion strategies to gain a competitive edge in the market.
Impact of COVID-19 on Global Sustainable Labels Market
COVID-19 had a dual impact on the global sustainable labels market. While the pandemic caused disruptions in the supply chain and led to a decline in demand for some products, it also highlighted the importance of sustainable products and packaging. During the pandemic, there was a significant increase in demand for packaged food and beverages, which led to a surge in demand for sustainable packaging solutions, including sustainable labels. However, the pandemic also disrupted supply chains, leading to shortages of raw materials and disruptions in production processes, which impacted the supply of sustainable labeling materials. The pandemic also had an impact on consumer behavior, with many consumers becoming more aware of the environmental impact of products and packaging. As a result, there was an increased demand for sustainable products and packaging, including sustainable labels. This trend is expected to continue in the post-pandemic era as well, driving the growth of the global sustainable labels market during the period in analysis.
Global Sustainable Labels Market – By Material Type
By material type, the global sustainable labels market is bifurcated into Plastic and Paper segments. The paper material segment holds a higher share in the global sustainable labels market, as paper is a renewable and biodegradable material that is widely available, making it an eco-friendly choice for sustainable labels. Paper is also easy to print on and offers a high-quality printing surface, making it a versatile option for labels used in various industries. Moreover, paper-based labels are easy to recycle, which further enhances their sustainability credentials. This is particularly important given the increasing demand for sustainable products and packaging across industries. The paper material segment is also expected to continue to grow due to advancements in technology and production processes that have enabled the development of innovative paper-based label solutions, such as paper-based pressure-sensitive adhesives, which offer excellent adhesion and high quality printing capabilities.
Competitive Landscape
Major players operating in global sustainable labels market include Avery Dennison Corporation, CCL Industries Inc., UPM Raflatac, Multi-Color Corporation, 3M Company, Innovia Films Ltd., Coveris Holdings S.A., Constantia Flexibles Group GmbH, Henkel AG & Co. KGaA, Lintec Corporation, Mondi Group, Dunmore Corporation, Reflex Labels Ltd., Green Bay Packaging Inc., and Fuji Seal International Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Sustainable Labels Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Sustainable Labels Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Technology Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Saudi Arabia Fintech Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. High smartphone penetration rates and internet connectivity in Saudi Arabia
- 3.2.1.2. Supportive government initiatives, including the Vision 2030 program, which aims to diversify the Saudi economy
- 3.2.1.3. Increasing demand for digital payments and mobile banking services
- 3.2.2. Restraints
- 3.2.2.1. Limited consumer trust in the quality and reliability of fintech
- 3.2.2.2. Competition from established banks and financial institutions
- 3.2.3. Opportunities
- 3.2.3.1. The potential for fintech to support financial literacy and education
- 3.2.3.2. The potential for fintech to support the growth of small and medium-sized enterprises (SMEs)
- 3.2.4. Challenges
- 3.2.4.1. Limited availability of skilled talent and resources in areas such as cybersecurity
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Saudi Arabia Fintech Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.1.2. Market Share and Forecast
- 4.1.3. By Technology
- 4.1.3.1. Application Programming Interface [API]
- 4.1.3.2. Artificial Intelligence [AI]
- 4.1.3.3. Blockchain
- 4.1.3.4. Robotic Process Automation
- 4.1.3.5. Data Analytics
- 4.1.3.6. Others
- 4.1.4. By Application
- 4.1.4.1. Payment & Fund Transfer
- 4.1.4.2. Loans
- 4.1.4.3. Insurance & Personal Finance
- 4.1.4.4. Wealth Management
- 4.1.4.5. Others
- 4.1.5. By End Users
- 4.1.5.1. Banking
- 4.1.5.2. Insurance
- 4.1.5.3. Securities
- 4.1.5.4. Others
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Saudi Arabia Fintech Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid-19 on Saudi Arabia Fintech Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. STC Pay
- 7.2. HyperPay
- 7.3. Tamara
- 7.4. PayTabs
- 7.5. Geidea
- 7.6. Hala
- 7.7. Raqamyah
- 7.8. Halalah
- 7.9. OneCard
- 7.10. SADAD Payment
- 7.11. CashU
- 7.12. E-Dirham G2
- 7.13. Tap Payments
- 7.14. Benaa Capital
- 7.15. Nana
- 7.16. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
- *Financial information in case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 Saudi Arabia Fintech Segmentation
- Figure 2 Saudi Arabia Fintech Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Saudi Arabia Fintech Market Size, By Value (USD Million), 2019–2029
- Figure 5 Saudi Arabia Fintech Market Share, By Technology, By Value, 2019–2029
- Figure 6 Saudi Arabia Fintech Market Share, By Application, By Value, 2019–2029
- Figure 7 Saudi Arabia Fintech Market Share, By End Users, By Value, 2019–2029
- List of Tables
- Table 1 Saudi Arabia Fintech Market Size, By Value (USD Million), 2019–2029
- Table 2 Saudi Arabia Fintech Market Size, By Technology, By Value, 2019–2029
- Table 3 Saudi Arabia Fintech Market Size, By Application, By Value, 2019–2029
- Table 4 Saudi Arabia Fintech Market Size, By End Users, By Value, 2019–2029
- Table 5 STC Pay Company Overview
- Table 6 STC Pay Financial Overview
- Table 7 HyperPay Company Overview
- Table 8 HyperPay Financial Overview
- Table 9 Tamara Company Overview
- Table 10 Tamara Financial Overview
- Table 11 PayTabs Company Overview
- Table 12 PayTabs Financial Overview
- Table 13 Geidea Company Overview
- Table 14 Geidea Financial Overview
- Table 15 Hala Company Overview
- Table 16 Hala Financial Overview
- Table 17 Raqamyah Company Overview
- Table 18 Raqamyah Financial Overview
- Table 19 Halalah Company Overview
- Table 20 Halalah Financial Overview
- Table 21 OneCard Company Overview
- Table 22 OneCard Financial Overview
- Table 23 SADAD Payment Company Overview
- Table 24 SADAD Payment Financial Overview
- Table 25 CashU Company Overview
- Table 26 CashU Financial Overview
- Table 27 E-Dirham G2 Company Overview
- Table 28 E-Dirham G2 Financial Overview
- Table 29 Tap Payments Company Overview
- Table 30 Tap Payments Financial Overview
- Table 31 Benaa Capital Company Overview
- Table 32 Benaa Capital Financial Overview
- Table 33 Nana Company Overview
- Table 34 Nana Financial Overview
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