Press release
Global Sleeve Label Market to be Impelled by Increasing Demand for Packaged Food and Beverages
A new study by Transparency Market Research (TMR), titled “Sleeve Label Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” states that the increasing demand for packaged food and beverages is expected to fuel the demand for sleeve labels significantly across the world.In addition to this, the rapid rise of the cosmetics and the personal care industries is projected to boost the worldwide market for sleeve labels over the forecast period. The growing awareness pertaining to the benefits offered by sleeve labels, such as improved brand identity and enhanced visual presence of the product, is also anticipated to propel this market in the coming years.
The report studies the global market for sleeve labels on the basis of the type of sleeve label, application, material, end user, and the regional distribution. Based on the type of sleeve label, the market has been segmented into shrink labels and stretch labels. The shrink labels segment is likely to lead the overall market over the forecast period.
Based on the end user, the market has been categorized into cosmetics and personal care, food and beverages, industrial goods, home care, and other end-use sectors. Among these, the food and beverages industry is expected to emerge as the biggest end-use segment of sleeve labels during the forecast period, notes the market study.
Application-wise, the report has classified the market into pressure sensitive labels, heat transfer labels, in-mold labels, heat-shrink and stretch labels, and glue-applied labels. By material, the market has been grouped into plastic, paper, and other materials.
Geographically, the worldwide market for sleeve labels has been categorized into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Over the forecast period, Asia Pacific is anticipated to emerge as the fastest growing market followed by Europe.
The growing urban population base and the increasing per capita income in this region are likely to drive the growth of the Asia pacific sleeve label market. North America and the Middle East and Africa are also projected to witness a significant rise in their share in the global market for sleeve labels, states the research report.
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The report also evaluates the prevalent competitive landscape of the global sleeve label market by examining the profiles of the major enterprises operating in this market. According to the study, CCL Industries, Bemis, Avery Dennison, Karville, and Holostik are leading the market.
Other prominent players in this market are Wepackit, Allen Plastic, The Dow Chemical Co., Consolidated Label, Sleever International, SleevCo, Bothra Industries, Sleeve Seal, ShrinkSleeveLabels.com, Printpack, Edwards Label, Fort Dearborn, Axon, Century Label, and MPI Label System.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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