Market Overview:
The global heat shrink labels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for heat shrink labels from various end-use industries, such as food & beverage, pharmaceuticals, and personal care. In addition, the growing popularity of self-adhesive labels is also contributing to the growth of this market. On the basis of type, PVC accounted for the largest share in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to its properties such as durability and resistance against moisture and chemicals.
Product Definition:
A heat shrink label is a self-adhesive label which shrinks in size when heated. The heat shrink labels are used to provide extra protection and tamper evidence for products.
PVC:
Polyvinyl Chloride (PVC) is a thermoplastic polymer. It is produced from the reaction of vinyl chloride and chloroprene in the presence of phosgene. PVC can be used as an alternative to polyethylene, butylene, and polypropylene due to its properties such as flexibility, low cost & high chemical resistance.
It has applications in various industries including construction, electrical & electronics packaging food processing chemicals manufacturing automotive etc.
PETG:
Polyethylene Terephthalate Glycol (PETG) is a kind of thermoplastic elastomer, which is widely used in the food packaging industry. It has high resistance to solvents and temperatures up to 400°C. PETG offers excellent clarity, low moisture absorption, and tear strength making it suitable for various applications including microwaveable containers and food labels.
The global heat shrink labels market size was valued at USD 3.5 billion in 2016.
Application Insights:
The food and beverage application segment led the global heat shrink labels market in 2017, accounting for over 40% of the overall revenue share. The segment is expected to continue its dominance over the forecast period owing to factors such as increasing demand for packaged foods and beverages along with a growing population.
The pharmaceuticals application segment is also projected to witness significant growth during the forecast period due to rising healthcare costs coupled with an increase in drug manufacturing activities across developing countries such as China, India & Brazil. In addition, stringent regulations regarding waste management and disposal are anticipated to boost product demand during this period. Other prominent applications include personal care products & cosmetics (excluding hair care) and other industrial goods including electronics & semiconductors where high-temperature resistance of these films are required at production stages or final use stages respectively.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being one of the most developed countries, is expected to witness a considerable growth rate over the forecast period. This growth can be attributed to rising product demand from various end-use industries such as food & beverage, pharmaceuticals, and personal care.
Asia Pacific is projected to grow at an exponential CAGR during the forecast period due to rapid industrialization along with increasing population especially in China.
Growth Factors:
- Increasing demand for heat shrink labels in the food and beverage industry as they provide a tamper-evident and leak-proof seal.
- The increasing popularity of heat shrink labels for product branding and marketing purposes.
- The growing demand from the e-commerce sector for packaging products in smaller quantities with customized designs.
- Rising consumer awareness about the benefits of using heat shrink labels, which is driving more companies to adopt this technology.
- Advances in label printing technologies that are making it easier to produce high quality heat shrink labels in shorter turnaround times
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Shrink Labels Market Research Report
By Type
PVC, PETG, Expanded Polystyrene Films, PE, Polylactic Acid Films, Others
By Application
Food & Beverage, Pharmaceuticals, Personal Care, Others
By Companies
Berry, Bonset, CCL Industries, Fuji Seal International, Huhtamaki, Hammer Packaging, Klockner Pentaplast, Polysack, Paris Art Label, Cenveo, Avery Dennison, Clondalkin Group, Constantia Flexibles
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Heat Shrink Labels Market Report Segments:
The global Heat Shrink Labels market is segmented on the basis of:
Types
PVC, PETG, Expanded Polystyrene Films, PE, Polylactic Acid Films, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Pharmaceuticals, Personal Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Berry
- Bonset
- CCL Industries
- Fuji Seal International
- Huhtamaki
- Hammer Packaging
- Klockner Pentaplast
- Polysack
- Paris Art Label
- Cenveo
- Avery Dennison
- Clondalkin Group
- Constantia Flexibles
Highlights of The Heat Shrink Labels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PVC
- PETG
- Expanded Polystyrene Films
- PE
- Polylactic Acid Films
- Others
- By Application:
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heat Shrink Labels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heat shrink labels are a type of adhesive label that shrinks when heated. They are most commonly used to attach documents to each other or to packages.
Some of the key players operating in the heat shrink labels market are Berry, Bonset, CCL Industries, Fuji Seal International, Huhtamaki, Hammer Packaging, Klockner Pentaplast, Polysack, Paris Art Label, Cenveo, Avery Dennison, Clondalkin Group, Constantia Flexibles.
The heat shrink labels market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heat Shrink Labels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heat Shrink Labels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heat Shrink Labels Market - Supply Chain
4.5. Global Heat Shrink Labels Market Forecast
4.5.1. Heat Shrink Labels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heat Shrink Labels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heat Shrink Labels Market Absolute $ Opportunity
5. Global Heat Shrink Labels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heat Shrink Labels Market Size and Volume Forecast by Type
5.3.1. PVC
5.3.2. PETG
5.3.3. Expanded Polystyrene Films
5.3.4. PE
5.3.5. Polylactic Acid Films
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heat Shrink Labels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heat Shrink Labels Market Size and Volume Forecast by Application
6.3.1. Food & Beverage
6.3.2. Pharmaceuticals
6.3.3. Personal Care
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heat Shrink Labels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heat Shrink Labels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heat Shrink Labels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heat Shrink Labels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heat Shrink Labels Demand Share Forecast, 2019-2026
9. North America Heat Shrink Labels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heat Shrink Labels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heat Shrink Labels Market Size and Volume Forecast by Application
9.4.1. Food & Beverage
9.4.2. Pharmaceuticals
9.4.3. Personal Care
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heat Shrink Labels Market Size and Volume Forecast by Type
9.7.1. PVC
9.7.2. PETG
9.7.3. Expanded Polystyrene Films
9.7.4. PE
9.7.5. Polylactic Acid Films
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heat Shrink Labels Demand Share Forecast, 2019-2026
10. Latin America Heat Shrink Labels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heat Shrink Labels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heat Shrink Labels Market Size and Volume Forecast by Application
10.4.1. Food & Beverage
10.4.2. Pharmaceuticals
10.4.3. Personal Care
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heat Shrink Labels Market Size and Volume Forecast by Type
10.7.1. PVC
10.7.2. PETG
10.7.3. Expanded Polystyrene Films
10.7.4. PE
10.7.5. Polylactic Acid Films
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heat Shrink Labels Demand Share Forecast, 2019-2026
11. Europe Heat Shrink Labels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heat Shrink Labels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heat Shrink Labels Market Size and Volume Forecast by Application
11.4.1. Food & Beverage
11.4.2. Pharmaceuticals
11.4.3. Personal Care
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heat Shrink Labels Market Size and Volume Forecast by Type
11.7.1. PVC
11.7.2. PETG
11.7.3. Expanded Polystyrene Films
11.7.4. PE
11.7.5. Polylactic Acid Films
11.7.6. Others
11.8. Bais Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heat Shrink Labels Demand Share, 2019-2026
12. Asia Pacific Heat Shrink Labels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heat Shrink Labels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heat Shrink Labels Market Size and Volume Forecast by Application
12.4.1. Food & Beverage
12.4.2. Pharmaceuticals
12.4.3. Personal Care
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heat Shrink Labels Market Size and Volume Forecast by Type
12.7.1. PVC
12.7.2. PETG
12.7.3. Expanded Polystyrene Films
12.7.4. PE
12.7.5. Polylactic Acid Films
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heat Shrink Labels Demand Share, 2019-2026
13. Middle East & Africa Heat Shrink Labels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heat Shrink Labels Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heat Shrink Labels Market Size and Volume Forecast by Application
13.4.1. Food & Beverage
13.4.2. Pharmaceuticals
13.4.3. Personal Care
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heat Shrink Labels Market Size and Volume Forecast by Type
13.7.1. PVC
13.7.2. PETG
13.7.3. Expanded Polystyrene Films
13.7.4. PE
13.7.5. Polylactic Acid Films
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heat Shrink Labels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heat Shrink Labels Market: Market Share Analysis
14.2. Heat Shrink Labels Distributors and Customers
14.3. Heat Shrink Labels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Berry
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bonset
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CCL Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fuji Seal International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huhtamaki
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hammer Packaging
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Klockner Pentaplast
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Polysack
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Paris Art Label
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cenveo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Avery Dennison
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Clondalkin Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Constantia Flexibles
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
