Global Labels Market is estimated to be US$ 88.15 billion by 2030 with a CAGR of 5.30% during the fo

Abhi795431 Mar, 2022Business

Global Labels Market accounted for US$ 52.80 billion in 2020 and is estimated to be US$ 88.15 billion by 2030 and is anticipated to register a CAGR of 5.30%. The rising per capita income, rising demand from major end-use industries such as FMCG, pharmaceuticals, food and drinks, and the shifting trend toward new and innovative packaging are all driving up demand for labels in the labels market. Plastic materials are becoming more popular due to their technological and financial advantages, as well as improved aesthetic performance. The food and beverage industry is the most important end-use sector, accounting for roughly 30% of the laminated label market.