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Shrink Sleeve & Stretch Sleeve Labels Market Comprehensive Analysis to 2025: Berry Global, Fuji Seal International, CCL Industries, Fort Dearborn Company, Huhtamaki, Cenveo, Klöckner Pentaplast, The Dow Chemical Company, International Paper
Shrink Sleeve & Stretch Sleeve Labels Market
The labels market is experiencing a surge of growth due to the high demand of 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.
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The Global Shrink Sleeve & Stretch Sleeve Labels Market is expected to grow at a CAGR of 5.75% in the forecast period of 2018-2025, rising from its initial estimated value of USD 10 billion in 2017 to an estimated value of USD 15.64 billion by 2025. Due to the rapid urbanization in all over the world and the preference of switching to packed foods, is increasing the demand for Shrink Sleeve & Stretch Sleeve Labels, as it is widely used in the packaging industry.
Market Drivers:
• Factors like brand appeal, informative packaging are the major factors for the growth of the industry
• Increased demand for packed food has increased the demand for the sleeve labels and therefore, is the factor behind the growth of the industry
Key Market Competitors:
• Berry Global Inc.,
• Fuji Seal International Inc.,
• Macfarlane Group PLC,
• CCL Industries Inc.,
• Fort Dearborn Company,
• Huhtamaki Global,
• Cenveo Corporation,
• Klöckner Pentaplast,
• The Dow Chemical Company,
• Hammer Packaging, Corp.
• International Paper & More
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Segmentation:
• By Type
1. Stretch
2. Shrink
3. By Polymer Film
4. PVC (Polyvinyl Chloride)
5. PET-G (Polyethylene Terephthalate Glycol)
6. OPS (Oriented Polystyrene)
7. PLA (Polylactic Acid)
8. PE (Polyethylene)
• By Application
1. Beverages
2. Food
3. Personal care
4. Health care
5. Others
• By Printing Technology
1. Gravure
2. Flexography
3. Digital
4. By Ink
5. Water based
6. Solvent based
7. UV
• By Geography
1. North America
2. South America
3. Europe
4. Asia-Pacific
5. Middle East and Africa
6. United Arab Emirates
Market Restraints:
• Availability of cheaper substitutes, eco-friendly and bio-degradable labels are halting the progress of the market
• Increasing government regulations regarding the eco-friendly manufacturing are making the manufacturers to shift to cheaper alternatives like self-adhesive labels, pressure sensitive labels etc.
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
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Data Bridge Market Research
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Email: sopan.gedam@databridgemarketresearch.com
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