Global Shrink Sleeve Labels Market

Shrink Sleeve Labels Market Size, Share, Growth Analysis, By Application(Food & Beverage, Pharmaceuticals, Personal Care and others), By Type(Shrink, Stretch and others), By Material(PVC, PET-G, Expanded Polystyrene Films, PE), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2418 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 74

Shrink Sleeve Labels Market Dynamics

Shrink Sleeve Labels Market Drivers

Cost Effective Applications to Boost Shrink Sleeve Labels Market Growth

  • One of the major reasons that brands all across the world are adapting to shrink sleeves is cost effectiveness.Brands before use to create separate front and back labels. When shrink sleeve labels were introduced then it allowed brands to have a single wrap around label.Many SME and other companies even use the sleeve to wrap bundles together, which save their major cost.It can almost save the half budget of the company if it is used to Reduce packaging cost for two pack bundles.This incredible use of shrink sleeve labels will propel the growth of the market in future.

Shrink Sleeve Labels Market Restraints

Critical Unevenness to Hinder Market Growth

  • The heat application of shrink sleeve labels can be uneven or inadequate. Along with it, it can also have uneven material shrinking due to the type of plastics,Decorative ink, coatings, embracing or finishes on shrink level.Rising tapered bottle design heater the top of the bottle tag label at a lock point on bottle before entering shrink tunnel will leads the market on backward tracks.If there are extreme cross sectional changes in bottle shape treated at 2:00, high temperature, exposed to heat for too long.It can cause steering or over shrinking of shrink sleeve labels.These major problems of shrink sleeve labels will cause the negative effect on the growth of market.
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FAQs

Shrink Sleeve Labels Market size was valued at around USD 7.34 billion in 2021 and is expected to reach a value of USD 13.09 billion by 2028, at a CAGR of 8.62% over the forecast period (2022–2028).

Competition in the Shrink Sleeve Labels market is expected to increase during the forecast period because new players are expected to enter in the market and the number of types and products compatible with Shrink Sleeve Labels will also increase. Currently, only a few key players are providing their services in the market but these numbers will increase in the upcoming years. 'Berry Inc.', 'Huhtamaki Oyj', ' Cenveo Worldwide Limited', ' Fuji Seal Inc.', ' Macfarlane Group PLC', 'CCL Industries Inc.', ' Fort Dearborn Company', ' American Film and Machinery', ' Edwards Label Inc.', ' Classic Labels', ' Allen Plastic Industries Co.Ltd.', 'AXON', 'Color Craft Studios Inc.', 'Sleevevo', ' Klockner Pentaplast', ' Dow', ' Hammer Packaging', ' International Paper,'

One of the major reasons that brands all across the world are adapting to shrink sleeves is cost effectiveness.Brands before use to create separate front and back labels. When shrink sleeve labels were introduced then it allowed brands to have a single wrap around label.Many SME and other companies even use the sleeve to wrap bundles together, which save their major cost.It can almost save the half budget of the company if it is used to Reduce packaging cost for two pack bundles.This incredible use of shrink sleeve labels will propel the growth of the market in future.

In the present era, string sleeves have emerged as one of the biggest booms in the packaging industry with their ease of use and application for packaging designer.SN developers.The major trend of utilizing a single colors container and differentiating product and lines with the label save held the businesses at large scale.

Globally,the Asia Pacific region is estimated to hold the highest Shrink Sleeve Labels market share. Main factors during this growth period is the presence of top market players such as Fuji Seal international. and others. Major advantages provided by shrink sleeve markets such as cost effectiveness, easy availability of raw materials, demand for product labeling in highly populated countries such as India and China has led to the usage of it in the region.

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Global Shrink Sleeve Labels Market

Product ID: SQMIG15E2418

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