PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1295375
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1295375
Print labels provide information about the product to potential consumers via a label on the package or container. It is a brand marketing strategy businesses use to set their goods apart from their rivals. Numerous regulatory bodies from various sectors have established regulations for the information that must be disclosed to consumers on product labels. For instance, food items must reveal the production and expiration dates, and electrical equipment must publish usage instructions. According to Label Insight and the Food Marketing Institute, 86% of consumers are concerned about transparency when grocery shopping. They would place more faith in food producers and merchants that give comprehensive, simple-to-understand ingredient information.
A strong presence of established printing industries and advanced manufacturing capabilities characterizes the European print label market. The countries in the region boast a large consumer base, technological advancements, and a high demand for printed labels across various sectors, including food and beverage, pharmaceuticals, logistics, and retail.
European consumers and businesses prioritize labels made from sustainable materials and utilize solutions that minimize waste and reduce carbon footprints. This trend drives innovation in eco-friendly label materials, printing techniques, and recycling processes. Europe has stringent regulations regarding product labeling, safety information, and traceability. Label manufacturers must adhere to labeling standards, including EU regulations and industry-specific requirements. Compliance with regulations such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and GHS (Globally Harmonized System of Classification and Labelling of Chemicals) is crucial for label manufacturers to operate in the European market.
For instance, in September 2022, the European Union passed a mandate to include various essential label information. This information should be accurate, easy to see and understand, not misleading, and inedible. In addition, the widespread use of print labels in various applications, rising consumer health consciousness, and rising demand for manufactured goods are contributing to the market's expansion.
Pressure-sensitive labels made from biomaterials are anticipated to be used more often, offering the market a significant chance for expansion. Packaging is expected to dominate the pressure-sensitive market throughout the forecast period among end-user industries.
According to UN Environment, only 9% of plastic gets recycled, with the remaining ending up in landfills, dumping grounds, and the environment. Label recycling is governed by rules and regulations put in place by governments. For instance, the UK government and the Devolved Administrations expressed a strong desire to establish extended producer responsibility for the packaging, requiring producers to pay the full cost of disposing of the waste they produce. To curb this issue, key players in Europe Middle East, and Africa are focusing on launching new products due to the growing use of pressure-sensitive labels in the packaging industry and producers switching to more biodegradable methods. For instance, in May 2022, Mondi moved to approved base paper for all glassine-based release liners, which are mainly used in labels. It is enhancing traceability by switching to certified base paper and collaborating with suppliers who responsibly manage forests in keeping with its objective of preserving zero deforestation across its supply chain.