Product ID: SQMIG15E2418
Shrink Sleeve Labels Market Size, Share, Growth Analysis, By Application(Food & Beverage, Pharmaceuticals), By Type(Shrink, Stretch and others), By Material(PVC, PET-G) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2418 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
74
Shrink Sleeve Labels Market Insights
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).
Shrink Sleeve Labels are becoming popular since It is sustainable, allows product to let its creativity go to next level, prevents tampering, faster production, improves brand awareness. Cost effective.There are various types of Shrink sleeve labels such as full body, full body with tamper, evident cap, mid sleeve, multipack.These versatility of shrink sleeves allows more customization and creative freedom for companies to create eye-catching sleeves that pop.
Shrink sleeve labels are promoting sustainability As they are easy to add and easy to remove making them a better option than plastic or PVC. It today uses green materials which make it easy for recycling or biodegradation.Moreover, sometimes product liability can cost companies 10s of thousands of dollars in settlements and legal costs. Therefore, tamper proof shrink sleeve labels are important which can help to build customer trust, resulting in improved sales over time.
US Shrink Sleeve Labels Market is poised to grow at a sustainable CAGR for the next forecast year.
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Shrink Sleeve Labels Market Segmental Analysis
Global Shrink Sleeve Labels market is segmented on the basis of application, Type, Material and region. By application, the market is segmented into Food & Beverage, Pharmaceuticals, Personal Care and others. By type, the market is segmented into Shrink, Stretch and others. By material, the market is segmented into PVC, PET-G, Expanded Polystyrene Films, PE, Polylactic Acid Films, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Shrink Sleeve Labels Market Analysis by Material
By Material, global market is divided into many segments such as PVC, PET-G, Expanded Polystyrene Films, PE, Polylactic Acid Films, and others. PVC segment held largest global Shrink Sleeve Labels market share due to the wide range of benefits provided by it in Shrink Sleeve Labels.One of the vital factors that makes them the major segment in global Shrink sleeve labels says cost effectiveness and it can shrink up to 60 to 65%.Moreover, PVC films requires low heat for shrinking labels and it has better dimensional stability.And hence it conforms easily to container of various size.However, major obstruction cost by PVC by contaminating the P and reducing the per bill yield of pet recycling of bottles, all other firms across the globes are finding alternate solutions. which also boosts the Shrink Sleeve Labels market globally.
Shrink Sleeve Labels Market Analysis by Application
By Application, the Shrink Sleeve Labels market is classified into Food & Beverage, Pharmaceuticals, Personal Care and others. One of the major roles which shrink sleeve labels play for beverages bottle is that it act as marketing tool for soft drinks pallets, abrasive castle, empty bottle, packaging, boxes with sharp corners, water bottles.Due to its flexibility and creative freedom provided by it to the brands to get the objects packaged and provide 360 coverage of maximum branding opportunity, stretch and shrink sleeve labels are commonly used in beverages packaging.
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Shrink Sleeve Labels Market Regional Insights
Globally,the Asia Pacific region is estimated to hold the highest global 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.
North America and Europe are expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Shrink Sleeve Labels technology in the region of North America and Europe. Penetration of FMCG products and others in the region has doubled in the last few years. In addition, Major companies like Berry Global are investing heavily to provide shrink sleeve labels at an affordable price to the consumers, which is likely to boost the demand for Shrink Sleeve Labels in the region.
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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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Shrink Sleeve Labels Market Competitive Landscape
Competition in the global Shrink Sleeve Labels market is expected to increase during the forecast period because new players are expected to enter in the global 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 global market but these numbers will increase in the upcoming years.
Shrink Sleeve Labels Market Top Player’s Company Profiles
- 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,
Shrink Sleeve Labels Market Recent Developments
- In September 2022, Resource Label Group, LLC (“Resource Label”), a full-service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry, announced it has acquired Chicago-based Deco Flexible Packaging expanding its presence in the Midwest and leadership in the label and packaging industry. The addition of Deco Flexible Packaging represents the twenty-fourth acquisition for Resource Label.
Shrink Sleeve Labels Key Market Trends
- 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.
Shrink Sleeve Labels Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Shrink Sleeve Labels market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as Cost effectiveness, creative flexibility. Shrink Sleeve Labels will enable packaging to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.34 billion |
| Market size value in 2031 | USD 13.09 billion |
| Growth Rate | 8.62% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Shrink Sleeve Labels Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Shrink Sleeve Labels Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Shrink Sleeve Labels Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Shrink Sleeve Labels Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Shrink Sleeve Labels Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Shrink Sleeve Labels Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Shrink Sleeve Labels Market Report Snapshots
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