The global compostable packaging labels market is experiencing significant growth, with projections indicating a revenue surge reaching into the hundreds of millions between 2023 and 2034. This surge is driven by the increasing demand for sustainable packaging solutions and clearer labeling for consumers.
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Key players in the market are adopting various strategies like mergers, acquisitions, and partnerships to advance technology in compostable packaging label production. These efforts are expected to accelerate market expansion during the forecast period.
Compostable packaging labels are integral to the concept of biodegradable packaging. These labels identify products or their packaging as being made from materials that naturally break down into non-toxic components within a composting environment. The labels assure consumers that the packaging will decompose within a specific period, returning valuable nutrients to the soil rather than contributing to landfill waste.
Typically, these labels are made from renewable resources such as plant-based polymers, paper, and polylactic acid (PLA). They must meet certain standards to be certified as compostable, with organizations globally setting certifications, such as EN 13432 (Europe), ASTM D6400 (USA), and ISO 17088. These labels help reduce landfill waste, educate consumers, and lower CO2 emissions. The global packaging industry, which is forecasted to grow from USD 1.20 trillion in 2022 to USD 1.58 trillion by 2032, is expected to grow at a 3.16% CAGR between 2023 and 2032.
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