The Global Die Cut Label Market Growth Accelerated By Sustainable Packaging Trend
Die cut labels are widely used in branding and identification of products across various industries such as food, beverage, cosmetics, homecare products and pharmaceuticals. They provide product information, barcodes and branding in an eye-catching way and increases the aesthetic appeal of packaging. The global Die Cut Label Market is estimated to be valued at US$ 162.4 Mn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Sustainable packaging is one of the major trends being adopted by brand owners to adhere to environmental standards. Die cut labels made from sustainable materials such as paper are increasingly being used as they are renewable and biodegradable. They help reduce plastic waste and lower the carbon footprint of packaging. Manufacturers are investing in developing plant-based adhesive solutions to make die cut labels fully recyclable...