Pune, India -- (SBWIRE) -- 12/06/2018 -- Shrink Sleeve Labels Market Scenario

Shrink sleeve is a full-body label, which shawls around the entireness of a container, offering a 360-degree branding and messaging of the product. Shrink sleeve labels are a comparatively new version of labels and are instantaneously gaining more popularity among various product packaging companies. Shrink sleeve are printed on a digital or flexographic press, with a transcript on the inner side of the shrink sleeves. Then, later on, glided over a container and tightened using heat shrinking method. The label then imitates the surface of the container.

Shrink sleeve labels is one of the fastest emerging segments in the label industry. Nowadays, manufacturers across the globe are focusing on re-designing their packaging method for more accurate and aesthetically pleasing designs. Therefore, major companies are adopting shrink sleeve labels over the conventional pressure sensitive labels. Shrink sleeves offers more flexibility in terms of design and allows the product to stand out from the rest of the rivalry. Additionally, they deliver some of the prime standout design potentials and frequently reduce costs and improve time. These labels are printed digitally with premium printing quality, thus eliminating the need for printing plates and making them reasonable for short runs.

The global shrink sleeve labels market is expected to grow at a CAGR of 6.5% during the forecast period 2017-2023..

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Key Players

Some of the key players in the global shrink sleeve labels market are-

- Berry Global Inc. (U.S.)
- Bonset America Corporation (U.S.)
- CCL Industries Inc. (Canada)
- Fuji Seal International Inc. (Japan)
- Huhtamäki Oyj (Finland)
- Hammer Packaging Inc. (U.S.)
- Klöckner Pentaplast (Germany)
- Macfarlane Group PLC (U.K.)
- Polysack Flexible Packaging Ltd. (Israel)
- Paris Art Label Company Inc. (U.S.)
- Cenveo Inc. (U.S.)
- The Dow Chemical Co. (U.S.)
- Avery Dennison Corporation (U.S.)
- Clondalkin Group (the Netherlands)
- Constantia Flexibles (Austria)

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.

Global Shrink Sleeve Labels Market - Competitive Analysis

Global Shrink Sleeve Labels Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Shrink Sleeve Labels manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Shrink Sleeve Labels for every application.

Shrink Sleeve Labels Market - Segmentation

Global Shrink Sleeve Labels Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.

Segmentation:

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.

Global Shrink Sleeve Labels Market - 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.

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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

Continued.....

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)
Table 7 Row Shrink Sleeve Labels Market: by Country, 2014-2022 (Usd Million)
Table 8 Global Shrink Sleeve Labels for Material : by Regions, 2014-2022 (Usd Million)
Table 9 North America Shrink Sleeve Labels Market for Material : by Country, 2014-2022 (Usd Million)

Continued.....

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