Globally, the governments are concernedabout environmental issues and taking serious steps to create an eco-friendly community. Recycling is one of the initiatives that governments across the world are focusing on to reuse the waste of materials, to cut the consumption offresh raw materials and to cut the pollution such as air and water. Materials such as paper, glass, textiles, electronics and plastics are recyclable, and products that are madeout of such materials can berecycled according to the guidance provided by the manufacturer. Generally, companies across the world follow ISO standards for recycling their products. According to the materials used in the products, companies put recycling labels to give recycling directions to the consumers.
On-pack recycling labeling solutions are designed according to the government guidelines to help consumers to recycle the products.
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On-Pack Recycling Labelling Solutions Market: Drivers and Challenges
Stringent government rules about usage of on-pack recycling labels on products are fueling the demand for on-pack recycling labelling solutions globally. The manufacturers these days are concernedabout their social-responsibility and to adhere to it, the manufacturers implementon-pack recycling labelling solutions, to promote the recycling of their products. The expected growth in end-use industries such as Food & Beverage, Electrical and Electronics, etc. is expectedto propel the demand for on-pack recycling labelling solutions during the forecast period.
Lack of awareness about on-pack recycling labelling solutions in the emerging economies such as India and few ASEAN countries is inhibiting the growth for on-pack recycling labelling solutions.
On-Pack Recycling Labelling Market: Overview
The global on-pack recycling labelling market by volume is expected to expand at a CAGR of around 5-7% during the forecast period (2015-2025), due to increasing demand from various industries such as Food & Beverage, Electronics, Plastic, Glass, etc. and stringent government regulations.
On-Pack Recycling Labelling Market: Segmentation
The on-pack recycling labelling market can be segmented by end-use industry, by product raw material and by regions.
Based on end-use industry, the global on-pack recycling labelling market is segmented as:
Food and Beverages
Electronics and Electrical
Based on product raw material, the global on-pack recycling labelling market is segmented as:
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On-Pack Recycling Labelling Market: Region-wise Outlook
The global on-pack recycling labelling market is expected to register a single-digit CAGR during the forecast period. Depending on geographic regions, global on-pack recycling market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of market revenue, Asia-Pacific on-pack recycling labelling market is projected to register a significant CAGR during the forecast period.Growth in end-use industries and increasing consumer base, are some of the factors which are fueling the growth of on-pack recycling labelling market in Asia-Pacific. India and China are forecast to register a significant growth in the Asia-Pacific on-pack recycling labelling market, as consumer base in these countries is expected to continue its dominance during the forecast period.
Developed economies such as United Kingdom and United States of America are having high awareness about on-pack recycling labelling.
On-Pack Recycling Labelling Market: Key Players
Some of the key market participants in global on-pack recycling labelling market are Consolidated Label Co., Label Impressions, On-Pack Recycling Label, Woolworths, etc.
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Mr. Sudip Saha