Shrink Sleeve Labels Market Research Report - Forecast to 2030

Shrink Sleeve Labels Market Report Type (Stretch, and Shrink), Material (PVC, PET-G, Expanded Polystyrene Films, PE, Polylactic Acid Films, and others), Application (Food & Beverage, Pharmaceuticals, Personal Care, and others) and By Region - Global Forecast to 2030.

ID: MRFR/PNT/1253-HCR | September 2022 | Region: Global | 130 Pages         

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

5 Industry Overview of Global Shrink Sleeve Labels Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Shrink Sleeve Labels Market by Region

8. Global Shrink Sleeve Labels Market by Material

9. Global Shrink Sleeve Labels Market by Type

10. Global Shrink Sleeve Labels Market by Application

11. Company Profiles

11.1 Berry Plastics Corporation

11.1.1 Overview

11.1.2 Financials

11.1.3 Product Portfolio

11.1.4 Business Strategies

11.1.5 Recent Development

11.2 Bonset America Corporation

11.2.1 Overview

11.2.2 Financials

11.2.3 Product Portfolio

11.2.4 Business Strategies

11.2.5 Recent Development

11.3 CCL Industries Inc

11.3.1 Overview

11.3.2 Financials

11.3.3 Product Portfolio

11.3.4 Business Strategies

11.3.5 Recent Development

11.4 Fuji Seal International Inc

11.4.1 Overview

11.4.2 Financials

11.4.3 Product Portfolio

11.4.4 Business Strategies

11.4.5 Recent Development

11.5 Hammer Packaging

11.5.1 Overview

11.5.2 Financials

11.5.3 Product Portfolio

11.5.4 Business Strategies

11.5.5 Recent Development

11.6 Huhtamaki OYJ

11.6.1 Overview

11.6.2 Financials

11.6.3 Product Portfolio

11.6.4 Business Strategies

11.6.5 Recent Development

11.7 KlocknerPentaplast

11.7.1 Overview

11.7.2 Financials

11.7.3 Product Portfolio

11.7.4 Business Strategies

11.7.5 Recent Development

11.8 MacFarlane Group UK Ltd

11.8.1 Overview

11.8.2 Financials

11.8.3 Product Portfolio

11.8.4 Business Strategies

11.8.5 Recent Development

11.9 Polysack Ltd

11.9.1 Overview

11.9.2 Financials

11.9.3 Product Portfolio

11.9.4 Business Strategies

11.9.5 Recent Development

11.10 Paris Art Label Company Inc

11.10.1 Overview

11.10.2 Financials

11.10.3 Product Portfolio

11.10.4 Business Strategies

11.10.5 Recent Development

12 Conclusion

LIST OF TABLES

Table 1 World Population By Major Regions (2020-2027) (Million)

Table 2 Global Shrink Sleeve Labels Market: By Region, 2020-2027 (Usd Million)

Table 3 Global Shrink Sleeve Labels Market: By Region, 2020-2027 (Kt)

Table 4 North America Shrink Sleeve Labels Market: By Country, 2020-2027 (Usd Million)

Table 5 Europe Shrink Sleeve Labels Market: By Country, 2020-2027 (Usd Million)

Table 6 Asia-Pacific Shrink Sleeve Labels Market: By Country, 2020-2027 (Usd Million)

Table 7 RoW Shrink Sleeve Labels Market: By Country, 2020-2027 (Usd Million)

Table 8 Global Shrink Sleeve Labels for Material : By Regions, 2020-2027 (Usd Million)

Table 9 North America Shrink Sleeve Labels Market for Material : By Country, 2020-2027 (Usd Million)

Table 10 Europe Shrink Sleeve Labels Market for Material : By Country, 2020-2027 (Usd Million)

Table 11 Asia-Pacific Shrink Sleeve Labels Market for Material: By Country, 2020-2027 (Usd Million)

Table 12 RoWShrink Sleeve Labels Market for Material : By Country, 2020-2027 (Usd Million)

Table 13 Global Shrink Sleeve Labels Market for Type : By Regions, 2020-2027 (Usd Million)

Table 14 North America Shrink Sleeve Labels Market for Type : By Country, 2020-2027 (Usd Million)

Table 15 Europe Shrink Sleeve Labels Market for Type: By Country, 2020-2027 (Usd Million)

Table 16 Asia-Pacific Shrink Sleeve Labels Market for Type : By Country, 2020-2027 (Usd Million)

Table 17 RoW Shrink Sleeve Labels Market for Type: By Country, 2020-2027 (Usd Million)

Table 18 GlobaShrink Sleeve Labels Market for Application: By Regions, 2020-2027 (Usd Million)

Table 19 North AmericaShrink Sleeve Labels Market for Application: By Country, 2020-2027 (Usd Million)

Table 20 Europe Shrink Sleeve Labels Market for Application: By Country, 2020-2027 (Usd Million)

Table 21 Asia-Pacific Shrink Sleeve Labels Market for Application: By Country, 2020-2027 (Usd Million)

Table 22 RoW Shrink Sleeve Labels Market for Application: By Country, 2020-2027 (Usd Million)

Table 23 Global Material Market: By Region, 2020-2027 (Usd Million)

Table 24 Global Application Market: By Region, 2020-2027 (Usd Million)

Table 25 North America Shrink Sleeve Labels Market , By Country (Usd Million)

Table 26 North America Shrink Sleeve Labels Market, By Material (Million Usd)

Table 27 North America Shrink Sleeve Labels Market , By Type (Million Usd)

Table 28 North America Shrink Sleeve Labels Market , By Application (Million Usd)

Table 29 Europe: Shrink Sleeve Labels Market , By Country (Usd Million)

Table 30 Europe Shrink Sleeve Labels Market, By Material (Usd Million)

Table 31 Europe: Shrink Sleeve Labels Market , By Type (USD Million)

Table 32 Europe: Shrink Sleeve Labels Market , By Application (Usd Million)

Table 3 Asia-Pacific: Shrink Sleeve Labels Market , By Country (Usd Million)

Table 33 Asia-Pacific: Shrink Sleeve Labels Market, By Material (Usd Million)

Table 34 Asia-Pacific: Shrink Sleeve Labels Market, By Type Material (Usd Million)

Table 35 Asia-Pacific: Shrink Sleeve Labels Market , By Application (Usd Million)

Table 36 RoW Shrink Sleeve Labels Market , By Country (Usd Million)

Table 37 RoW: Shrink Sleeve Labels Market, By Material (Usd Million)

Table 38 RoW: Shrink Sleeve Labels Market , By Type (Usd Million)

Table 39 RoW: Shrink Sleeve Labels Market , By Application (Usd Million)


LIST OF FIGURES

FIGURE 1 Global Shrink Sleeve Labels Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Shrink Sleeve Labels Market

FIGURE 4 Value Chain of GlobalShrink Sleeve Labels Market

FIGURE 5 Share of Global Shrink Sleeve Labels Market in 2020, by country (in %)

FIGURE 6 GlobalShrink Sleeve Labels Market, 2020-2027, (USD billion)

FIGURE 7 Sub-segments of Global Shrink Sleeve Labels Market

FIGURE 8 Global Shrink Sleeve Labels Market size by Material

FIGURE 9 Share of PVC in GlobalShrink Sleeve Labels industry, 2020-2027

FIGURE 10 Share of PET-G in GlobalShrink Sleeve Labels Industry, 2020-2027

FIGURE 11 Shares of Polylactic Acid Films in GlobalShrink Sleeve Labels Industry, 2020-2027

FIGURE 12 Share of Expanded Polystyrene Films in GlobalShrink Sleeve Labels Industry, 2012 t2022

FIGURE 13 Global Shrink Sleeve Labels Market size by Type

FIGURE 14 Share of stretch Global Shrink Sleeve Labels Market size by Type industry, 2020-2027

FIGURE 15 Share of shrink Global Shrink Sleeve Labels Market size by Type inindustry, 2020-2027

FIGURE16 Global Shrink Sleeve LabelsMarket size by Application

FIGURE 17 Share of Food & Beverage in Global Shrink Sleeve Labels industry, 2020-2027

FIGURE 18 Share of Pharmaceuticals in Global Shrink Sleeve Labels industry, 2020-2027

FIGURE 19 Share of Personal Care in GlobalShrink Sleeve Labels industry, 2020-2027

Shrink Sleeve Labels Market

Shrink Sleeve Labels Market is projected to be worth USD 27.9 Billion by 2030, registering a CAGR of 6.4% during the forecast period (2021 - 2030).

Segmentation

By Type Stretch Shrink
By Material Pvc Pet G Expanded Polystyrene Films Pe Polylactic Acid Films
By Application Food & Beverage Pharmaceuticals Personal Care

Key Players

  • Bemis company
  • Berry plastic group
  • Klockner pentaplast group
  • Amcor PLC
  • Clondalkin group holdings
  • Huhtamaki Oyj
  • Schur flexibles
  • Cenveo group
  • Taghleef industries

Drivers

  • Flexibility
  • Capability
  • Convenient labelling
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Shrink Sleeve Labels Market Overview


The Shrink Sleeve Labels Market is been calculated with the USD of 14.4 billion in 2021 and is also expected to reach the value with the USD of 18.9 billion in the year 2026. This growth is expected to reach the CAGR of 5.6% in the Shrink Sleeve Labels Market Forecast. The growth of the Market in recent days is because of the rapid population and the development of the technologies in many industries like the health care and the food and beverage industries.


The increase in the growth of the Shrink Sleeve Labels Market is mainly because of its benefits like it can cover over 360-degree branding, also can include the text, pictures and even the videos. And additionally, it also can protect the product from heat and moisture by using stretchable and thin materials.


COVID Analysis


The COVID 19 spread across the globe has brought great changes in many industries. It is also has brought a negative impact on the Shrink Sleeve Labels Market Size. Due to the spread of the pandemic across the world which has brought great hindrance to the growth of the Market Share. This spread has brought many changes in the Market by interrupting the shipping, affecting the supply of the raw materials. As there was the impact in many industries like the food and beverage industries, electronic and constructional industries but there was also great demand in the Shrink Sleeve Labels Market because of the rapid population.


Many companies have halted due to the spread of the pandemic, it is expected to reach great heights in the upcoming years once the pandemic is completely over.


Market Dynamics


Crucial Market drivers

The main driver which boosts the growth of the Shrink Sleeve Labels Market Share is the benefits of using the shrink sleeve materials for the packaging. Some benefits are it is available in the low-cost effectiveness, can hold the packaging even with the thin and can also expand its elasticity, and it has the also the capacity to get the work with the 360-degree coverage.


The additional driver which focuses on the growth of the Shrink Sleeve Labels Market Share is the usage of the shrink sleeve labels in the industries like the pharmaceutical, food and beverages industries are also some of the factors which pave the way to the growth of the Market.


The market growth opportunities

The application of the shrink sleeve materials in recent days has been increased, this is because of the growth of the population, and growth in the digital trend in using the Shrink Sleeve Labels Market has increased. In addition to that, the increase in the usage of the shrink sleeve labels in the pharmaceutical companies and the food and beverages industries to pack the products also boost the market value.


The market restraints

The hindrance which has been created by the growth of the stand–up pouches in the recent days has increased, thus it hinders the growth of the Shrink Sleeve Labels Market. As the stand-up pouches are available at a low cost, lightweight to carry, user–friendly, and also safe for the environment. So these stand up pouches are preferred when compared to the shrink sleeve. Because of the growth of the stand-up pouches market, the growth of the shrink sleeve is been restricted.


The market challenge

In recent years the recycling process of the sleeves are the biggest challenge which is faced by the market. Though the sleeve products are recyclable it takes more process than the manufacturing, so the manufacturing companies are concentrating to reduce the cost of recycling by developing its technology. As the demand for the usage of the sleeves products has also increased, so the manufacturing companies have also increased the process for recycling.


Cumulative growth analysis


The main impact which brings the growth of the Shrink Sleeve Labels Market Value is the usage of the shrink sleeve packaging in the industries like the pharmaceutical industries, food and beverage industries. Also in recent days due to the spread of the pandemic, there is a great demand for the usage of shrink sleeve products in food and beverage products.


The factor which boosts the growth of the Shrink Sleeve Labels Market is the benefits of using the shrink sleeve products. Some benefits are the low cost, reusable, environment friendly, covers 360 degrees.


Value chain analysis


The overall Shrink Sleeve Labels Market Growth is stable because of the increase in demand for the usage of shrink sleeve products in recent days. Though there is a drastic growth in the shrink sleeve labels in the market there is also some interrupting factors. The usage of stand up pouches in recent days have increased because of its benefits, which negatively impact the growth of the Shrink Sleeve Labels Market.


Market segment overview


By product


  1. Shrink sleeve

  2. Stretch sleeve



By printing technology


  1. Gravure

  2. Flexography

  3. Digital printing



By ink


  1. Water-based

  2. Solvent-based

  3. UV



By embellishing type


  1. Hot foil

  2. Cold foil



By material type


  1. PVC

  2. PET

  3. PE

  4. OPP

  5. OPS

  6. PO

  7. PLA


PVC is holding the largest share among all the materials available in the Shrink Sleeve Labels Market. This is because of the cost-effectiveness of the products when compared to the other materials in the Market.


By end-users


  1. Food and beverage industries

  2. Alcoholic drinks

  3. Cosmetics and household

  4. Pharmaceutical industries.



By region

North America – US, Canada


Latin America – Mexico, Brazil, Peru, Chile and Others


Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg


Eastern Europe – Poland, Russia


Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand


The Middle East and Africa – GCC, Southern Africa, North Africa


Competitive landscape


To develop the Shrink Sleeve Labels Market Outlook many key players are working hard to develop. They are also performing many strategies and ideas to develop the growth of the Market. In recent days due to the development and the demand in the usage, the key players are planning to expand their business and enhance their product offerings in many regions. They are also in talks to merge with other players to overcome the demand and deliver the product at the correct time.


Regional analysis


The overall growth of Shrink Sleeve Labels Market Analysis is been great in many regions like the Asia Pacific, Europe, North America and The Middle East and Africa.


In recent days the growth of the Asia Pacific region is tremendous. In short, the Asia Pacific region is holding the largest position in the Shrink Sleeve Labels Market. This growth in the Asia Pacific region is because of the many regions contribution. Some regions like India, China and Australia are working hard to gain growth in many industries like food and beverages, healthcare and beauty and personal care which paves the way to the growth of the Market. Additionally, the countries are also having an increase in the population and also in those countries the availability of the raw materials and the availability of the labours have been increased, so this has also paved the way for the growth of the Shrink Sleeve Labels Market in the Asia Pacific region.


This region is followed by North America, as the key players are working with the new innovative ideas to get the gradual growth.


Key players



  1. Bemis company

  2. Berry plastic group

  3. Klockner pentaplast group

  4. Amcor PLC

  5. Clondalkin group holdings

  6. Huhtamaki Oyj

  7. Schur flexibles

  8. Cenveo group

  9. Taghleef industries


Recent developments



  1. In September 2021, the Huhtamaki has ended its acquisition with the Elif holdings.

  2. In December 2020, the Fuji seal international company has introduced a new building in North Carolina to increase business opportunities.

  3. In July 2020, CCL has launched a folding carton paper board that can also be recycled after usage.


Market overview



  1. Overall growth analysis of the market

  2. Pandemic analysis

  3. Market dynamics

  4. Cumulative growth analysis

  5. Value chain analysis

  6. Market segmentation

  7. Competitive landscape

  8. Regional analysis

  9. Key players

  10. Recent updates



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   6.5% CAGR (2022-2030)
  Base Year   2021
  Forecast Period    2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Material and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), and Constantia Flexibles (Austria)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Flexibility
  • Capability
  • Convenient labelling


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    Frequently Asked Questions (FAQ) :

    The shrink sleeve labels market is projected to register 5.6% CAGR.

    By type, the shrink sleeve labels market is segmented into shrink and stretch.

    The segments of the shrink sleeve labels market based on application are food & beverage, personal care, pharmaceuticals, and others.

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

    The material based segments are PVC, Polylactic Acid Films, Expanded Polystyrene Films, PET-G, PE, and others.