Through 2032, the market for shrink sleeve labels is anticipated to grow at a CAGR of 6%. By 2032, the market for shrink sleeve labels is projected to be worth US$28.47 billion, up from US$15.90 billion in 2022. Shrink sleeve labels are used to meet the growing need for polymer films and anti-counterfeiting features. Instead of the conventional huge shrink sleeve to shrink two containers together, manufacturers are switching to innovative dual-chambered shrink sleeves with two chambers to create a neater package for buy-one-get-one-free campaigns.
Dual-chambered shrink sleeves can also be printed in up to eight colours, with the same effects, and on the same materials as conventional sleeves.
Key market players also may use various bright, kid-friendly graphics to make the bottles stand out and easy to spot on shelves. Recently, shrink sleeve labels are aiding in boosting the sales of new product launches. For instance, the PET patent-protected rocket-shaped bottles manufactured for the new energy drink by The Fuzzee Bee Beverage Co. which was decorated with a Pure Affinia PETG shrink sleeve label, printed by Printpack.
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Most end users are looking for premium, top-quality shrink sleeve labels that are also reliable and have a fast turnaround time. Manufacturers work closely with the end users to deliver true innovation and ground-breaking solutions for the optional packaging of their products. In the U.S., multiple global trademarks, patents, and copyrights are issued to protect packages.
Several manufacturers have been deploying rotogravure printed shrink sleeve labeling, which improves the cost, speed, and appearance of packaged products. The increasing adoption of shrink sleeve labels is attributed to growing at the expense of pressure-sensitive labels, along with other label types. They are further used to promote new product innovations.
Key Shrink Sleeve Labels Market Takeaways and Projections
The U.S. is expected to lead the North America Shrink Sleeve Labels market, projecting the fastest growth in the region between 2021 and 2031
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.
Competitive Landscape Analysis
Some of the top players operating in the shrink sleeve labels market are
- CCL Industries Inc.,
- Berry Plastics Corporation,
- PMMI Media Group,
- Polysack Ltd,
- Klockner Pentaplast,
- Bonset America Corporation,
- Fuji Seal International, Inc.,
- Hammer Packaging, Corp.,
- MacFarlane Group UK Ltd,
- Paris Art Label Company Inc. and others.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Shrink Sleeve Labels
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
- APAC (China, India, ASEAN, Australia & New Zealand, Japan)
- MEA (GCC Countries, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Shrink Sleeve Labels Market
Based on the type of appearance, the global shrink sleeve labels market can segmented as follows
- Full Body Shrink Sleeve Labels
- Combo Pack Shrink Sleeve Labels
- Tamper Evident Shrink Sleeve Labels
- Shrink Sleeve Can Labels
Based on the type of polymer film, the global shrink sleeve labels market can segmented as follows:
- Polyvinyl Chloride Films
- Polypropylene Terephthalate Glycol Films
- Polyethylene Films
- Expanded Polystyrene Films
- Polylactic Acid Films
Based on application, the global shrink sleeve labels market can segmented as follows:
- Personal Care
- Food and Beverages
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Related Report :
Linerless Labels Market: The global linerless labels market is likely to reach US$ 2.5 Bn by the year 2029 at a CAGR of 4.9% between 2022 and 2029
Multi-Part Labels Market: Multi-part labels are additional labels with part-specific content, aside from the base label on the packed products
Time Temperature Indicator Labels Market: The global time temperature indicator labels market is projected to witness a decently consistent CAGR of 6.6% between 2022 and 2030
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