112 | Regulars / Label trendsLabel trendsSustainable labels on the rise. The sustainable labels market is expected to surpass $27.2B USD in the next decade, growth that’s driven by environmental concerns and advancements in materials and printing technologiesGlobal sustainable labels market$15.6B USD $27.2B USD 5.7%2022 2032 Overall sales CAGRIndustries trending toward sustainable labels Key Takeaways• Based on material type, the paper segment is estimated to account for market value of US$ 9.2B in 2022.• Based on end use, the food & beverage segment is projected to expand 1.6 times during the forecast period.• With rapid growth of the food service industry, demand for Food & beverage Pharmaceuticalsustainable packaging across South Asia is projected to grow at a healthy pace through 2032.• North America is likely to hold a substantial share of the global sustainable labels market by the end of the forecast period.• The sustainable labels market in India is poised to grow Chemical Cosmeticsat a steady pace over the next 10 years.“Increased environmental concerns are the major reason for the expansion of the sustainable labels market. Besides this, advancements in printing technologies will also positively impact the global sustainable labels market going forward”Source: “Sustainable Labels Market” report by Future Market Insightslabelsandlabeling.com