About Shrink Sleeve Labels
The labels market is experiencing a surge of growth due to the high demand for packaged items, caused by the increase in purchasing power of the world. This rise in demand for packaged items is one of the major factors behind the growth of the labels market. Sleeve Labels are packaging labels to be used in the packaging of food and beverages, to increase their aesthetic appeal and increase the information about the packaged product. The labels are used to inform the consumer about the product, and its branding thus increasing its popularity and making the product more appealing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 6.6% |
The Global Shrink Sleeve & Stretch Sleeve Labels Market is highly fragmented. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Shrink Sleeve Labels market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Berry Global Inc.(United States), Fuji Seal International Inc. (Japan), Macfarlane Group PLC (United Kingdom), CCL Industries Inc. (Canada), Fort Dearborn Company (United States), Huhtamaki Global (Finland), Cenveo Corporation (United States), Klöckner Pentaplast (Germany), The Dow Chemical Company (United States) and Hammer Packaging, Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are International Paper. (United States), Bonset America Corporation (United States), MacFarlane Group UK Ltd (United Kingdom) and Paris Art Label Company Inc.(United States).
Segmentation Overview
AMA Research has segmented the market of Global Shrink Sleeve Labels market by Type (Full Body Shrink Sleeve Labels, Combo Pack Shrink Sleeve Labels, Tamper Evident Shrink Sleeve Labels and Shrink Sleeve Can Labels), Application (Food, Beverage, Cosmetic, Home and Personal Care, Pharmaceuticals and Health Care) and Region.
On the basis of geography, the market of Shrink Sleeve Labels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Ink, the sub-segment i.e. Water-based will boost the Shrink Sleeve Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Polythene Terephthalate Glycol will boost the Shrink Sleeve Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Printing Technology, the sub-segment i.e. Gravure will boost the Shrink Sleeve Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Shrink Sleeve Labels with QR Codes Used for Container Tracking and Increasing Demand for Digital Printing
Market Growth Drivers:
Increasing Consumer Demands for Anti-Counterfeiting and Factors like Brand Appeal, Informative Packaging are the Major Factors For the Growth of the Industry
Challenges:
Increasing government regulations regarding eco-friendly manufacturing are making the manufacturers shift to cheaper alternatives like self-adhesive labels, pressure-sensitive labels, etc.
Restraints:
Availability of Cheaper Substitutes, Eco-Friendly, and Bio-Degradable Labels are Halting the Progress of the Market
Opportunities:
Increased Demand for Packed Food has Increased the Demand for the Sleeve Labels
Market Leaders and their expansionary development strategies
On October 26, 2023, Berlin-based CCL Industries Inc. announced the acquisition of UK label manufacturer MPS Labels (formerly Multi-Color Corporation). This move strengthens CCL's presence in the European shrink sleeve market and expands its portfolio of sustainable labeling solutions.
In December 2023, Dow Chemical Company partnered with E. I. du Pont de Nemours and Company (DuPont) to develop next-generation sustainable shrink sleeve materials. The collaboration aims to create recyclable and biodegradable sleeves with improved performance characteristics.
Key Target Audience
Shrink Sleeve Labels Manufactures, Shrink Sleeve Labels Distributors, Shrink Sleeve Labels Suppliers, Government Regulatory Bodies, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.