Global Shrink Sleeve Labels Market Research Report: Information by Product, by Material, by Printing Technology, by Application Method, by Application, By Functionality, By Sales Channel and by Region Forecast Till 2032
Global Shrink Sleeve Labels Market Research Report: Information by Product (Bottles, Cans, Jars, Tubes), by Material (PVC (Polyvinyl Chloride), PETG (Polyethylene Terephthalate Glycol), OPS (Oriented Polystyrene), PLA (Polylactic Acid), Recycled Materials, Others), by Printing Technology (Digital Printing, Rotogravure Printing, Flexographic Printing, Others), by Application Method (full body sleeves, partial sleeves, tamper-evident bands, others), by Application (Food & Beverage, Personal Care & Cosmetics, Pharmaceutical, Home Care & Cleaning Products, Pet Care Products, Automotive Products, Electronics & Appliances, Industrial Chemicals, Others (Agriculture, construction etc.)), By Functionality (Sustainable/Eco-Friendly, Smart (NFC, RFID), Security, Extended Content), By Sales Channel (Direct Sales, Indirect Sales) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Forecast Till 2032
Market Overview
In 2023, the shrink sleeve labels market was valued at USD 14,051.5 million. The Global Shrink Sleeve Labels industry is expected to increase from USD 14,529.8 million in 2024 to USD 21,342.5 million by 2032, with a compound yearly growth rate (CAGR) of 4.92% over the forecast period (2024-2032).
The Shrink Sleeve Labels Market is being driven by rising demand for packaged foods and beverages, as well as opportunities arising from the integration of new technologies and a growing emphasis on sustainable raw materials.
The packaged food and beverage market in North America has grown significantly, owing to changing consumer tastes and lifestyle choices; this growth can also be attributed to consumers' convenience-seeking attitude over the last ten years, as they have increasingly preferred ready-to-eat meals, snacks, and drinks.
Market Segment insights
The global Shrink Sleeve Labels market is divided into four product categories: bottles, cans, jars, and tubes. The market is divided into five material categories: PVC (Polyvinyl Chloride), PETG (Polyethylene Terephthalate Glycol), OPS (Oriented Polystyrene), PLA (Polylactic Acid), recycled materials, and others.
The global Shrink Sleeve Labels market is divided into four printing technology segments: digital printing, rotogravure printing, flexographic printing, and others. Global Shrink Sleeve Labels are classified according to their application method: complete body sleeves, partial sleeves, tamper-evident bands, and others.
The market is divided into applications such as food and beverages, personal care and cosmetics, pharmaceuticals, home care and cleaning products, pet care products, automotive products, electronics and appliances, industrial chemicals, and others (agriculture, construction, etc.).
The market is divided into four segments based on functionality: sustainable/eco-friendly, smart (NFC, RFID), security, and extended content. The market is divided into two segments based on the sales channel: direct sales and indirect sales.
Regional insights
The Asia-Pacific Shrink Sleeve Labels market accounted for the biggest market share in 2023 and is predicted to develop at a considerable CAGR over the forecast period. Several key factors. The region's emphasis on innovative packaging solutions and rigorous regulatory standards promotes the use of modern labeling technology. With industries such as food and beverage, pharmaceuticals, and personal care demanding high-quality, long-lasting labels, there is an increasing demand for shrink sleeves with better graphics, tamper-evident features, and durability.
Furthermore, Europe is the second-largest area in the Shrink Sleeve Labels market. Several key factors. The region's emphasis on innovative packaging solutions and rigorous regulatory standards promotes the use of modern labeling technology. With industries such as food and beverage, pharmaceuticals, and personal care demanding high-quality, long-lasting labels, there is an increasing demand for shrink sleeves with better graphics, tamper-evident features, and durability.
Furthermore, the North American Shrink Sleeve Labels Market has developed rapidly in recent years, owing to a number of major variables. The region's emphasis on innovative packaging solutions and rigorous regulatory standards promotes the use of modern labeling technology. With industries such as food and beverage, pharmaceuticals, and personal care demanding high-quality, long-lasting labels, there is an increasing demand for shrink sleeves with better graphics, tamper-evident features, and durability.
Major Players
Amcor, Berry Global, Inc., Bonset America Corporation, CCL Industries Inc, Fort Dearborn Company, Fuji Seal Limited, Huhtamaki Global, Klockner Pentaplast, MacFarlane Group PLC, Sleeve Seal LLC, Westrock Company, Inovar Packaging Group, Resource Label Group, and Multi-Color Corporation are among the key players in the Shrink Sleeve Labels Market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR PACKAGED FOOD AND BEVERAGES
4.2.2 GROWING EMPHASIS ON BRANDING AND PRODUCT DIFFERENTIATION
4.2.3 THE EXPANSION OF THE ECOMMERCE INDUSTRY, COUPLED WITH THE RISING NUMBER OF STARTUPS
4.3 RESTRAINTS
4.3.1 INCREASING ENVIRONMENTAL CONCERNS AND SUSTAINABILITY PRESSURES
4.3.2 ENVIRONMENTAL REGULATIONS
4.4 OPPORTUNITY
4.4.1 CREATING UNIQUE AND FUNCTIONAL PACKAGING SOLUTIONS
4.4.2 INTEGRATION OF NEW TECHNOLOGIES AND FOCUS TOWARDS SUSTAINABLE RAW MATERIALS
4.5 STRATEGIC INSIGHTS
4.5.1 TECHNOLOGY LEVEL TRENDS
4.5.2 REGIONAL MARKETS TO LOOKOUT FOR
4.6 IMPACT ANALYSIS OF COVID-19
4.6.1 CHANGES IN DEMAND PATTERNS
4.6.2 SUPPLY CHAIN DISRUPTIONS
4.6.3 CONSUMER BEHAVIOUR CHANGES
4.6.4 EXPANDING USE OF DIGITAL AND SUSTAINABLE TECHNOLOGIES
4.6.5 CONCLUSION
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL PROCUREMENT
5.1.2 MANUFACTURING
5.1.3 DISTRIBUTION
5.1.4 END USER
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTE PRODUCTS
5.2.5 INDUSTRY RIVALRY
5.3 LIST OF DIRECT PRIVATE LABEL BRANDS
5.4 LIST OF DISTRIBUTORS
5.5 LIST OF CO-PACKERS
5.6 SUSTAINABILITY OVERVIEW
5.6.1 SUSTAINABLE MATERIAL INNOVATION
5.6.2 ENHANCING CIRCULARITY AND RECYCLING
5.6.3 SUSTAINABLE MANUFACTURING PRACTICES
5.6.4 COMMITMENT TO REDUCING CARBON FOOTPRINT
5.6.5 SOCIAL RESPONSIBILITY AND ETHICAL PRACTICES
5.6.6 RESPONDING TO CLIMATE-RELATED RISKS AND OPPORTUNITIES
5.6.7 COLLABORATIVE INNOVATION FOR SUSTAINABLE SOLUTIONS
5.6.8 FUTURE OUTLOOK: TOWARDS A MORE SUSTAINABLE SHRINK SLEEVE LABEL MARKET
6 GLOBAL SHRINK SLEEVE LABEL MARKET, BY PRODUCT
6.1 INTRODUCTION
6.2 BOTTLES
6.3 CANS
6.4 JARS
6.5 TUBES
7 GLOBAL SHRINK SLEEVE LABEL MARKET, BY MATERIAL
7.1 INTRODUCTION
7.2 PVC (POLYVINYL CHLORIDE)
7.3 PETG (POLYETHYLENE TEREPHTHALATE GLYCOL)
7.4 OPS (ORIENTED POLYSTYRENE)
7.5 PLA (POLYLACTIC ACID)
7.6 RECYCLED MATERIALS
7.7 OTHERS
8 GLOBAL SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY
8.1 INTRODUCTION
8.2 DIGITAL PRINTING
8.3 ROTOGRAVURE PRINTING
8.4 FLEXOGRAPHIC PRINTING
8.5 OTHERS
9 GLOBAL SHRINK SLEEVE LABEL MARKET, BY APPLICATION METHOD
9.1 INTRODUCTION
9.2 FULL BODY SLEEVES
9.3 PARTIAL BODY SLEEVES
9.4 TAMPER-EVIDENT BANDS
9.5 OTHER APPLICATION METHODS
10 GLOBAL SHRINK SLEEVE LABEL MARKET, BY APPLICATION
10.1 INTRODUCTION
10.2 FOOD AND BEVERAGES
10.3 PERSONAL CARE AND COSMETICS
10.4 PHARMACEUTICALS
10.5 HOME CARE & CLEANING PRODUCTS
10.6 PET CARE
10.7 AUTOMOTIVE PRODUCTS
10.8 ELECTRONICS AND APPLIANCES
10.9 INDUSTRIAL CHEMICALS
10.10 OTHERS
11 GLOBAL SHRINK SLEEVE LABEL MARKET, BY FUNCTIONALITY
11.1 INTRODUCTION
11.2 SUSTAINABLE/ECO-FRIENDLY
11.3 SMART (NFC, RFID)
11.4 SECURITY
11.5 EXTENDED CONTENT
12 GLOBAL SHRINK SLEEVE LABEL MARKET, BY SALES CHANNEL