Shrink Sleeve Labels Market To Observe Significant Growth Due To Growing Demand, Forecasting By 2032
Research Reports
Aug 17, 2023
Market Research Future Insights
Shrink Sleeve Labels Market Size was valued at USD 16.1 Billion in 2022. The Shrink Sleeve Labels market Application is projected to grow from USD 17.1 Billion in 2023 to USD 28.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2023 – 2032).
Shrink sleeve labels are plastic labels that are applied to containers by heat-shrinking the label to fit tightly around the container. They are commonly used in the packaging of beverages, foods, and consumer goods to provide branding, tamper-evidence, and product information. The global shrink sleeve labels market refers to the production and sales of these labels worldwide. The easiest and best labels for products exposed to a lot of wetness and friction are shrink-sleeve labels. It contains 360-degree printed labels that use heat during the application process to mould the label to the contour of the container, is printed in full colour, and has abrasion and moisture resistance. The labels are frequently applied to glass, plastic, or aluminium cans and are normally printed on polyester or plastic material.
The COVID-19 pandemic has had a significant impact on the shrink sleeve labels market. The pandemic has disrupted supply chains, leading to raw material shortages and delays in the production and delivery of shrink sleeve labels. In addition, the closure of businesses and reduced consumer spending has resulted in a decrease in demand for shrink sleeve labels, particularly in the food and beverage industry.
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Regional Overview
Companies in the shrink sleeve labels market are spread across the world. The shrink sleeve labels market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American shrink sleeve labels market has many companies across the United States, Canada, and Mexico. Europe has companies in the shrink sleeve labels market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the shrink sleeve labels market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The shrink sleeve labels market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the shrink sleeve labels market can be found in the market research report.
Market Segmentation
The shrink sleeve labels market is bifurcated on the basis of material, application, and type.
The shrink sleeve labels market by type has been segmented into stretch & shrink. Among these, the shrink type segment will dominate the market during the forecast period.
The shrink sleeve labels market by material has been segmented into PE, PVC, Polylactic acid films, expanded polystyrene, PET-G, and others. Among these, the PET-G material segment will have the lions share in the market during the forecast period.
The shrink sleeve labels market by application has been segmented into personal care, food and beverage, pharmaceuticals, and others. Among these, the food and beverage application segment will lead the market during the forecast period.
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Key Companies in the Shrink Sleeve Labels market include
Bemis Company
Berry Plastic Group
Klockner Pentaplast Group
Amcor PLC
Clondalkin Group Holdings
Huhtamaki Oyj
Schur Flexibles
Cenveo Group
Taghleef industries
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