The Global Sleeve Labels Market was valued at USD 14.2 billion in 2020 and it is expected to reach USD 18.9 billion by 2027 at a CAGR 5.6% from 2021-2027.
Sleeve labels are mainly used on almost all types of fast-moving consumer goods &can be classified into shrink sleeve labels & stretch sleeves labels. Shrink label is made up of plastic & polymer products whereas are a full-body label that offers 360 coverage. Shrink sleeves labels are highly durable & ideal for food and beverage and pharmaceutical packaging products. Among these two, shrink label is an ideal one and gaining popularity because this label offers numerous opportunities to innovate the packaging of the product. Moreover, the sleeve label uses flexographic & gravure printing technology and is becoming the go-to choice.
Furthermore, the rise in packaging industry is another major factor that is expected to propel the market growth of sleeve labels, due to the wide use of sleeve labels in the packaging of various applications such as food and beverages, medicines, aesthetic products, and home care. For instance, according to a report released by flexible packaging association, the United States flexible packaging industry was US$ 31.8 billion in sales in the year 2018. These factors are estimated to boost growth of the global sleeve labels market in the coming years.
Sleeve labels are mainly used on almost all types of fast-moving consumer goods &can be classified into shrink sleeve labels & stretch sleeves labels. Shrink label is made up of plastic & polymer products whereas are a full-body label that offers 360 coverage. Shrink sleeves labels are highly durable & ideal for food and beverage and pharmaceutical packaging products. Among these two, shrink label is an ideal one and gaining popularity because this label offers numerous opportunities to innovate the packaging of the product. Moreover, the sleeve label uses flexographic & gravure printing technology and is becoming the go-to choice.
Market Drivers
The increase in demand for extended shelf-life of the product is expected to propel the market growth of the sleeve label. Most sleeve labels are based on advanced security features like UV protection which are claimed to increase the shelf life of products. Moreover, these labels are also equipped with tracking systems such as RFID chips & QR codes in some cases. Hence, growing demand for extending shelf-life of the product will drive the market growth of the sleeve label.Furthermore, the rise in packaging industry is another major factor that is expected to propel the market growth of sleeve labels, due to the wide use of sleeve labels in the packaging of various applications such as food and beverages, medicines, aesthetic products, and home care. For instance, according to a report released by flexible packaging association, the United States flexible packaging industry was US$ 31.8 billion in sales in the year 2018. These factors are estimated to boost growth of the global sleeve labels market in the coming years.
Market Restraints
However, fluctuations in the cost and availability of raw materials are expected to hinder the growth of global sleeve labels market over the forecast period.Market Segmentation
The Global Sleeve Labels Market is segmented into product type such as Stretch Sleeve, and Shrink Sleeve, by material type such as Oriented Polystyrene (OPS), Polyvinyl Chloride (PVC), Polyethylene terephthalate (PET-G), Polypropylene, Others, by printing ink type such as Water-based, UV, Solvent-based. Further, market is segmented into end use such as Food & Beverage, Healthcare, Personal Care, and Others.Regional Analysis
Also, the Global Sleeve Labels Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa. APAC region dominated the global sleeve labels market in 2020, due to the growing number of metal mining & metal processing industries and investments in the construction industry in this region.Key Players
Fuji Seal International, Inc., CCL Industries, Dow Chemicals, Berry Plastics Group, Inc., Klöckner Pentaplast, Macfarlane Group PLC, Huhtamaki Oyj.etc.Market Taxonomy
By Product Type:
- Stretch Sleeve
- Shrink Sleeve
By Material Type:
- Oriented Polystyrene (OPS)
- Polyvinyl Chloride (PVC)
- Polyethylene terephthalate (PET-G)
- Polypropylene
- Others
By Printing Ink Type:
- Water-based
- UV
- Solvent-based
By End-use:
- Food & Beverage
- Health care
- Personal care
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Sleeve Labels Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Frequently Asked Questions about the Global Sleeve Labels Market
What is the estimated value of the Global Sleeve Labels Market?
What is the growth rate of the Global Sleeve Labels Market?
What is the forecasted size of the Global Sleeve Labels Market?
Who are the key companies in the Global Sleeve Labels Market?
Report Attribute | Details |
---|---|
Published | February 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD
| USD 24.3 Billion |
Forecasted Market Value ( USD
| USD 37 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
No. of Companies Mentioned | 7 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Sleeve Labels Market Outlook
5 Global Sleeve Labels Market, By Product Type
6 Global Sleeve Labels Market, By Material Type
7 Global Sleeve Labels Market, By Printing Ink Type
8 Global Sleeve Labels Market, By End Use
9 Global Sleeve Labels Market, By Region
10 North America Sleeve Labels Analysis and Forecast (2021 – 2027)
11 Europe Sleeve Labels Market Analysis and Forecast (2021 – 2027)
12 Asia Pacific Sleeve Labels Market Analysis and Forecast (2021 – 2027)
13 Latin America Sleeve Labels Market Analysis and Forecast (2021 – 2027)
14 Middle East Sleeve Labels Market Analysis and Forecast (2021 – 2027)
15 Competitive Analysis
16 Company Profiles
Companies Mentioned
- Fuji Seal International Inc.
- CCL Industries
- Dow Chemicals
- Berry Plastics Group Inc.
- Klöckner Pentaplast
- Macfarlane Group PLC
- Huhtamaki Oyj.etc.