Global Shrink Sleeve Labels Market

Shrink Sleeve Labels Market Size, Share, Growth Analysis, By Material (Polyethylene, Polyvinyl Chloride), By Printing Technology (Flexographic, Thermal Printing), By Packaging Type, By End Use, By Region - Industry Forecast 2025-2032

Report ID: SQMIG15E2418 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 92 | Figures: 74

Shrink Sleeve Labels Market Regional Insights

Globally,the Asia Pacific region is estimated to hold the highest global Shrink Sleeve Labels market share. Main factors during this growth period is the presence of top market players such as Fuji Seal international. and others. Major advantages provided by shrink sleeve markets such as cost effectiveness, easy availability of raw materials, demand for product labeling in highly populated countries such as India and China has led to the usage of it in the region.

North America and Europe are expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Shrink Sleeve Labels technology in the region of North America and Europe. Penetration of FMCG products and others in the region has doubled in the last few years. In addition, Major companies like Berry Global are investing heavily to provide shrink sleeve labels at an affordable price to the consumers, which is likely to boost the demand for Shrink Sleeve Labels in the region.

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Global Shrink Sleeve Labels Market size was valued at USD 14.5 billion in 2022 and is poised to grow from USD 15.6 billion in 2023 to USD 27.4 billion by 2031, growing at a CAGR of 7.3% during the forecast period (2024-2031).

Competition in the global Shrink Sleeve Labels market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of types and products compatible with Shrink Sleeve Labels will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'Amcor Plc (Switzerland) ', 'Avery Dennison Corporation (United States) ', 'Fuji Seal International, Inc. (Japan) ', 'Huhtamäki Oyj (Finland) ', 'Klöckner Pentaplast Europe GmbH & Co. (Germany) ', 'Multi-Color Corporation (United States) ', 'Derksen Co. (United States) ', 'OTK Group, A.S. (Norway) ', 'Traco Manufacturing, Inc. (United States) ', 'Edwards Label, Inc. (United States) ', 'Taurus Packaging (United States) ', 'Century Label (United States) ', 'USA Tape & Label (United States) ', 'CCL Industries Inc. (Canada) ', 'Constantia Flexibles (Austria) ', 'SATO Holdings Corporation (Japan) ', 'Century Label (United States) ', 'Resource Label Group, LLC (United States) ', 'Impact Sleeves (United Kingdom) ', 'Alupol Packaging S.A. (Poland)'

One of the major reasons that brands all across the world are adapting to shrink sleeves is cost effectiveness.Brands before use to create separate front and back labels. When shrink sleeve labels were introduced then it allowed brands to have a single wrap around label.Many SME and other companies even use the sleeve to wrap bundles together, which save their major cost.It can almost save the half budget of the company if it is used to Reduce packaging cost for two pack bundles.This incredible use of shrink sleeve labels will propel the growth of the market in future.

In the present era, string sleeves have emerged as one of the biggest booms in the packaging industry with their ease of use and application for packaging designer.SN developers.The major trend of utilizing a single colors container and differentiating product and lines with the label save held the businesses at large scale.

Globally,the Asia Pacific region is estimated to hold the highest global Shrink Sleeve Labels market share. Main factors during this growth period is the presence of top market players such as Fuji Seal international. and others. Major advantages provided by shrink sleeve markets such as cost effectiveness, easy availability of raw materials, demand for product labeling in highly populated countries such as India and China has led to the usage of it in the region.

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Global Shrink Sleeve Labels Market

Report ID: SQMIG15E2418

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