Market Overview:
The global shrink sleeve 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 shrink sleeve labels from the food & beverage, pharmaceuticals, and personal care industries. In addition, the growing trend of product customization is also contributing to the growth of this market. On the basis of type, PVC accounted for a major share of the global shrink sleeve labels market in 2017. This can be attributed to its properties such as high clarity and gloss levels, good abrasion resistance, and chemical resistance. PET-G is another major type segment in this market and is expected to grow at a higher rate than other types during the forecast period owing to its properties such as high tensile strength and toughness coupled with low weight. On the basis of application, food & beverage was by far largest segment in terms of revenue generated by shrink sleeve labels in 2017 followed by pharmaceuticals and personal care segments respectively.
Product Definition:
Shrink sleeve labels are a type of pressure-sensitive label that is most commonly used on cylindrical containers, such as bottles and cans. The labels are manufactured with a thin film of plastic or polymer that shrinks when heated, which allows them to tightly conform to the contours of the container.
PVC:
Polyvinyl Chloride (PVC) is a thermoplastic polymer. It is produced from the reaction of phthalic anhydride and vinyl chloride in the presence of sodium hypochlorite or other sources of chlorine. PVC can be characterized as a rigid, clear, plastic with excellent chemical & electrical resistance and high flexibility at low temperatures.
PET-G:
PET-G, or Polyethylene Terephthalate-Glass is a type of plastic that contains glass in its polymer chain. It has superior properties such as flexibility and transparency like glass but can be processed like PET. It also shares similar chemical and mechanical properties with PET making it an ideal choice for applications requiring both high strength and toughness along with the optical clarity required by consumers.
Application Insights:
The food and beverage application segment accounted for the largest revenue share of over 30% in 2017. The product is widely used to shrink bottles, cans, PET-based drinks and other packaging materials such as pharmaceuticals, personal care products and others.
The pharmaceutical application segment is expected to witness the fastest growth rate over the forecast period owing to its non-toxicity towards plasticizers which are used in manufacturing PVC based plastics. Moreover, it offers excellent clarity along with high resistance towards oxygen & light rays which makes it suitable for drug packaging applications.
Other applications include electronic equipment & appliances (such as washing machines), household care products (such as dishwashers) and automotive parts (such as air intake manifolds).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as food & beverage, pharmaceuticals, personal care and others. China is one of the major countries contributing towards regional growth owing to presence of a large number of manufacturers coupled with low manufacturing cost in this country.
North America is also likely to witness significant growth over the coming years owing to increasing awareness about health benefits associated with specific packaging materials used for food products and medicines among consumers. Europe was estimated as second largest regional market in terms of revenue after Asia Pacific on account high consumption levels regarding shrink sleeve labels across major countries including Germany, U.K.
Growth Factors:
- Increasing demand from FMCG sector: The global FMCG market is expected to grow at a CAGR of 5.4% during the forecast period, reaching a value of USD 6.5 trillion by 2021. This is due to the increasing disposable income and changing lifestyle of consumers across the globe. Shrink sleeve labels are extensively used in the FMCG sector for product branding and identification purposes. Thus, the increasing demand from this sector is expected to drive the growth of shrink sleeve labels market during the forecast period.
- Rising popularity of craft beers: The global craft beer market is growing at a rapid pace and is projected to reach a value of USD 79 billion by 2025. Shrink sleeve labels are widely used on craft beers for product branding and differentiation purposes among competitors in this segmented market space .Thus, rising popularity of craft beers is anticipated to fuel growth prospects for shrink sleeve labels market over next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrink Sleeve Labels Market Research Report
By Type
PVC, PET-G, Expanded Polystyrene Films, PE, Polylactic Acid Films, Others
By Application
Food & Beverage, Pharmaceuticals, Personal Care, Others
By Companies
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)
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Shrink Sleeve Labels Market Report Segments:
The global Shrink Sleeve Labels market is segmented on the basis of:
Types
PVC, PET-G, 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 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)
Highlights of The Shrink Sleeve 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
- PET-G
- 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 Shrink Sleeve 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.
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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?
Shrink sleeve labels are a type of adhesive label that is used to shrink wrap products. They come in a variety of sizes and shapes, and are often used to label food items or other objects.
Some of the major companies in the shrink sleeve labels market are Berry Global, Inc. (U.S.), Bonset America Corporation (U.S.), CCL Industries Inc. (Canada), Fuji Seal International, Inc. (Japan), HuhtamƒÂ¤ki Oyj (Finland), Hammer Packaging, Inc. (U.S.), KlƒÂ¶ckner 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).
The shrink sleeve labels market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shrink Sleeve 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. Shrink Sleeve Labels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shrink Sleeve Labels Market - Supply Chain
4.5. Global Shrink Sleeve Labels Market Forecast
4.5.1. Shrink Sleeve Labels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shrink Sleeve Labels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shrink Sleeve Labels Market Absolute $ Opportunity
5. Global Shrink Sleeve 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. Shrink Sleeve Labels Market Size and Volume Forecast by Type
5.3.1. PVC
5.3.2. PET-G
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 Shrink Sleeve 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. Shrink Sleeve 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 Shrink Sleeve 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. Shrink Sleeve 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 Shrink Sleeve 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. Shrink Sleeve 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 Shrink Sleeve Labels Demand Share Forecast, 2019-2026
9. North America Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve Labels Market Size and Volume Forecast by Type
9.7.1. PVC
9.7.2. PET-G
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 Shrink Sleeve Labels Demand Share Forecast, 2019-2026
10. Latin America Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve Labels Market Size and Volume Forecast by Type
10.7.1. PVC
10.7.2. PET-G
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 Shrink Sleeve Labels Demand Share Forecast, 2019-2026
11. Europe Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve Labels Market Size and Volume Forecast by Type
11.7.1. PVC
11.7.2. PET-G
11.7.3. Expanded Polystyrene Films
11.7.4. PE
11.7.5. Polylactic Acid Films
11.7.6. Others
11.8. Basis 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 Shrink Sleeve Labels Demand Share, 2019-2026
12. Asia Pacific Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve Labels Market Size and Volume Forecast by Type
12.7.1. PVC
12.7.2. PET-G
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 Shrink Sleeve Labels Demand Share, 2019-2026
13. Middle East & Africa Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve 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 Shrink Sleeve Labels Market Size and Volume Forecast by Type
13.7.1. PVC
13.7.2. PET-G
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 Shrink Sleeve Labels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shrink Sleeve Labels Market: Market Share Analysis
14.2. Shrink Sleeve Labels Distributors and Customers
14.3. Shrink Sleeve Labels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Berry Global, Inc. (U.S.)
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 America Corporation (U.S.)
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 Inc. (Canada)
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, Inc. (Japan)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huhtamäki Oyj (Finland)
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, Inc. (U.S.)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Klöckner Pentaplast (Germany)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Macfarlane Group PLC (U.K.)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Polysack Flexible Packaging Ltd. (Israel)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Paris Art Label Company Inc. (U.S.)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cenveo, Inc. (U.S.)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. The Dow Chemical Co. (U.S.)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Avery Dennison Corporation (U.S.)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Clondalkin Group (the Netherlands)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Constantia Flexibles (Austria)
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
