Press release
Shrink Sleeve Labels Market 2018-2023 Expected to Grow at CAGR of 6.5% during 2017-2023 | Berry Global, Inc. (U.S.), Bonset America Corporation (U.S.), CCL Industries Inc. (Canada), Fuji Seal International, Inc. (Japan), Huhtamäki Oyj (Finland) and More
Global Shrink Sleeve Labels Market Information by Type (Stretch, and Shrink), Material (PVC, PET-G, Expanded Polystyrene Films, PE, Polylactic Acid Films, and others), Application (Food & Beverage, Pharmaceuticals, Personal Care, and others) and region - Forecast to 2022The key drivers for the growth of shrink sleeve labels market are its properties such as flexibility and added capabilities. The unique feature that sets it apart is tamper-evident packaging. Shrink sleeve labels are one of the most durable and ideal labels for products. The advantages of this particular market are 360 degree, design coverage, full color, abrasion, moisture resistance and wide capability. Shrink sleeve labels ensure protection from UV radiation. One of the biggest challenges of this particular market is recycling of the bottles they use it.
The competition in the labeling industry is growing due to continuous demand. Shrink sleeve labels are widely used in food and beverages, pharmaceuticals and personal care packaging industries. Labeling can have a strong impact on the buying decisions of customers. A colorful cover with quality labeling can attract customers. The Asia-Pacific region accounted for the fastest growing share in terms of value followed by North America and Europe. The Asia-Pacific region has developed significantly in the shrink sleeve & stretch sleeve labels market, with the fastest market growth happening in the regions of India and China. The region is marked with increasing demand for packaged food, easy availability of polymer films, and low labor cost. The global shrink sleeve label market is expected to cross 14 Billion growing at a CAGR of approximately 6% by the end of 2022.
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Regional Analysis of Global Shrink Sleeve Labels Market
The Asia-Pacific region is the fastest growing market for global shrink sleeve labels, followed by North America and Europe. The Asia- Pacific region has developed significantly in the shrink sleeve & stretch sleeve labels market, especially countries like India and China.The region offers a lucrative market to packaging and labelling manufacturers due to changing market dynamics and economic development. The region has seen increased consumption of packaged food & beverages items along with healthcare awareness.This induces the demand for such labels from both food & beverages and pharmaceutical industries.
Key Players
The key players of global shrink sleeve labels market report includeBerry Plastics Corporation, Bonset America Corporation,CCL Industries Inc., Fuji Seal International Inc., Huhtamaki OYJ, Hammer Packaging Corp., KlocknerPentaplastCorp.,MacFarlane Group UK Ltd,, Polysack Ltd, Paris Art Label Company Inc. and others.
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Industry News
In March 2016, Coveris S.A., announces the acquisition of leading label manufacturer Supraplast. Supraplast is an industry-recognized leader in printing technology with a broad product offering that includes shrink sleeves, self-adhesive labels, safety seals, PVC and PET shrink films.
In May 2017, Multi Packaging Solutions International complete the acquisition of Paris Art Label Company, Inc., a manufacturer of labels and shrink sleeve products to the branded consumer marketplace in the US.
Shrink Sleeve Labels Market - Segmentation
Global Shrink Sleeve Labels Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
On the basis of type, the market has been segmented as Stretch, and Shrink. Shrink dominates the type segment of the market. Shrink sleeve labels have extreme shrinkage properties and are suitable for all shapes of products. They are cheap and provide high-quality graphics, which has increased their demand. Moreover, they have premium print quality and innovative and aesthetic appeal which improves the appearance of consumer goods.
Based on material, the market has been segmented into PVC, PET-G, Expanded Polystyrene Films, PE, Polylactic Acid Films, and others.
On the basis of application, the market has been segmented into Food & Beverage, Pharmaceuticals, Personal Care, and others. Food & Beverages dominates the application segment of the market. Growing demand of processed and packaged food across the globe driving the demand of the market. The Pharmaceuticals sector is anticipated to register highest growth rate during the forecast period.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Table Of Contents :
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain Of Global Shrink Sleeve Labels Market
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LIST OF TABLES
Table 1 World Population By Major Regions (2015 To 2030) (Million)
Table 2 Global Shrink Sleeve Labels Market: By Region, 2014-2022 (Usd Million)
Table 3 Global Shrink Sleeve Labels Market: By Region, 2014-2022 (Kt)
Table 4 North America Shrink Sleeve Labels Market: By Country, 2014-2022 (Usd Million)
Table 5 Europe Shrink Sleeve Labels Market: By Country, 2014-2022 (Usd Million)
Table 6 Asia-Pacific Shrink Sleeve Labels Market: By Country, 2014-2022 (Usd Million)
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LIST OF FIGURES
FIGURE 1 Global Shrink Sleeve Labels Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Shrink Sleeve Labels Market
FIGURE 4 Value Chain Of GlobalShrink Sleeve Labels Market
FIGURE 5 Share Of Global Shrink Sleeve Labels Market In 2014, By Country (In %)
FIGURE 6 GlobalShrink Sleeve Labels Market, 2015-2022, (USD Billion)
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