Sleeve Labels Market Improvement, Orientation, Forecast From 2021-2027

Sleeve labels are widely used on almost all types of fast-moving consumer goods and can be classified into shrink sleeve labels and stretch sleeves labels. Shrink label is made up of plastic and polymer products whereas are a full-body label that offers 360 coverage. Shrink sleeves labels are highly durable and ideal for food &beverage and pharmaceutical packaging products. Among these two, shrink label is an ideal one and gaining huge traction because this label offers numerous opportunities to innovate the packaging of the product. Moreover, the sleeve label uses flexographic and gravure printing technology and is becoming the go-to choice.

The global sleeve labels market is projected to reach around US$ 18.6 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019-2027).

Request For Sample Copy of this Report : https://www.coherentmarketinsights.com/insight/request-sample/3546

The global sleeve labels market has witnessed significant growth in recent past years, owing to the rising demand for sleeve labels from end-use industries such as packaging, pharmaceutical, personal care, and food & beverages. Based on product type, the global sleeve labels market is bifurcated in shrink sleeve labels and stretch sleeve label. Among these segments, the shrink sleeve labels segment dominated the global sleeve labels market in 2018, owing to the increasing use of shrink sleeve labels in growing fast moving consumer goods (FMCG) packaging sector. For instance, according to India Brand Equity Foundation (IBEF), in December 2019, the revenues of FMCG sector has reached US$ 52.75 billion in 2018, and it is estimated to reach US$ 103.7 billion in 2020.

Moreover, the growing packaging industry is another major factor that is projected to propel the market growth of sleeve labels, owing to the wide use of sleeve labels in the packaging of various applications such as food & beverages, medicines, aesthetic products, and home care. According to a report released by flexible packaging association, the U.S. flexible packaging industry was US$ 31.8 billion in sales in 2018. These factors are estimated to drive growth of the global sleeve labels market in the coming years.

Furthermore, Asia Pacific region dominated the global sleeve labels market in 2018, owing to the increasing number of metal mining and metal processing industries and investments in the construction industry in this region. For instance, according to the National Bureau of statistics of China, in August 2019, the retail sales of consumer goods has reached US$ 481.6 million, which is growing up by 7.5% per annum. As a result, this scenario is estimated to foster the growth of the global sleeve labels market in the forecast timeframe.

Market Taxonomy

Global Sleeve Labels Market, By Product Type:
Stretch Sleeve
Shrink Sleeve

Global Sleeve Labels Market, By End-use:
Food & Beverage
Health care
Personal care
Others

Global Sleeve Labels Market, By Material Type:
Oriented Polystyrene (OPS)
Polyvinyl Chloride (PVC)
Polyethylene terephthalate (PET-G)
Polypropylene
Others

Request Discount of This Report:
https://www.coherentmarketinsights.com/insight/request-discount/3546

Key players operating in global sleeve labels market are Fuji Seal International, Inc., CCL Industries, Dow Chemicals, Berry Plastics Group, Inc., Klöckner Pentaplast, Macfarlane Group PLC, and Huhtamaki Oyj.

Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.