Shrink Sleeve Labels Market is projected to be worth USD 27.9 Billion by 2030, registering a CAGR of 6.4% during the forecast period (2021 - 2030).
Shrink sleeve labels are the most convenient and ideal labels for products exposed to severe moisture and friction. It is in full color, has abrasion and moisture resistance, and has 360-degree printed labels that utilize heat in the application process to conform the label to the shape of the container. The labels are typically printed on plastic or polyester material and are commonly used on aluminum cans, glass, or plastic bottles.
Shrink Sleeve Labels Market: An Overview of the Fast-Growing Packaging Industry
Shrink Sleeve Labels are rapidly gaining popularity as a packaging solution due to their versatility, durability, and visual appeal. These Security Labelare made of heat-shrinkable plastic materials that can fit tightly around containers of various shapes and sizes, providing 360-degree coverage. Shrink sleeve labels are also tamper-evident, which ensures product safety and quality. The global shrink sleeve labels market is expected to grow at a CAGR of 6.4% during the forecast period (2021 - 2030). This article provides a comprehensive overview of the Shrink Sleeve Labels Market, including its global market analysis, types, applications, key players, trends, and challenges.
Global Market Analysis
The global Protective Packaging Market is growing rapidly, driven by the increasing demand for packaged goods due to the rise in e-commerce, urbanization, and changing lifestyles. The Shrink Sleeve Labels Market is a crucial segment of the packaging industry, catering to various industries such as food and beverage, pharmaceuticals, personal care, and home care. The market size of the Shrink Sleeve Labels Market is expected to reach USD 27.9 Billion by 2030, growing at a CAGR of 6.4% during the forecast period. Asia-Pacific dominates the market share, followed by North America and Europe.
Types of Shrink Sleeve Labels
There are various types of shrink sleeve labels, including full body shrink sleeve labels, tamper-evident shrink sleeve labels, combination shrink sleeve labels, dual chamber shrink sleeve labels, and other types. Full body shrink sleeve labels cover the entire surface of the container, providing ample space for branding and product information. Tamper-evident shrink sleeve labels have a perforation or tear strip that indicates if the package has been opened or tampered with. Combination shrink sleeve labels combine the features of both full body and tamper-evident shrink sleeve labels. Dual chamber shrink sleeve labels are used for products that require separate storage, such as liquids and powders.
Applications of Shrink Sleeve Labels
The food and Beverage Packaging Market is the largest end-user of shrink-sleeve labels, accounting for more than half of the market share. Shrink sleeve labels are widely used in the packaging of carbonated drinks, juices, dairy products, snacks, and confectionery. The pharmaceutical industry also extensively uses shrink sleeve labels for packaging of tablets, syrups, and other medicines. Personal care and home
Regional Analysis
Asia-Pacific dominates the global shrink packaging market. It is expected to be the fastest growing region for the market. Rapid growth in food and beverage industry in this region driving the growth of the market. Increasing demand for consumer goods in the region mainly due to high population is also fuelling the growth of the market. Additionally, availability of raw materials and low labor cost are the factors have the positive influence on the growth of the market. North America is also expected to contribute significantly during the forecast period. Increased consumption of beverages fuelling the growth of the market.
North America is the second largest market for the shrink sleeve labels. Growing demand for consumer goods and packaged foods is expected to spur market growth. The U.K., Germany and France dominate the shrink sleeve labels market in Europe. Rising demand for consumer and personal care products and growing e-commerce is expected to spur market growth.
Key players
List of the major key companies in the Shrink Sleeve Labels Market are:
- 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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