The industrial heat shrink labels market size has grown strongly in recent years. It will grow from $2.08 billion in 2024 to $2.29 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth during the historical period can be attributed to the increasing demand for durable wire and cable identification, the rise in industrial automation, stricter safety and compliance regulations, the expansion of the telecommunications and energy sectors, growth in electronic manufacturing, and the need for long-lasting labeling solutions in challenging environments.
The industrial heat shrink labels market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to the rising demand for durable, tamper-evident labeling in pharmaceuticals, the expansion of smart packaging, increasing automation in cable and wire management, stricter global safety and compliance regulations, the growth of the renewable energy and electric vehicle sectors, a shift towards eco-friendly and recyclable materials, and the growing need for customization in industrial identification. Key trends in the forecast period include the use of sustainable materials, the integration of smart labeling technologies, enhanced heat resistance, improved print durability, faster shrink application processes, and customizable designs for branding.
The rise in industrial and manufacturing activities is expected to drive the growth of the industrial heat shrink labels market. These activities encompass processes where goods are produced using labor, machinery, tools, and chemical or biological processing. With demand increasing and significant investments being made by governments and companies in technology, infrastructure, and supply chain resilience, industrial and manufacturing activities are on the rise. Industrial heat shrink labels play a crucial role in these sectors by securely identifying and organizing wires, cables, and components to ensure safety, traceability, and efficiency. For example, in September 2024, the Office for National Statistics in the UK reported that UK manufacturers achieved total product sales worth $603.76 billion (£456.1 billion) in 2023, marking a $22.77 billion (£17.2 billion) or 3.9% increase compared to 2022. Therefore, the growth in industrial and manufacturing activities will drive the demand for industrial heat shrink labels.
Leading companies in the industrial heat shrink labels market are focusing on developing environmentally friendly heat-shrinkable films to reduce dependence on petrochemical materials. These films are designed to shrink and tightly conform to a product when exposed to heat, but they are made from sustainable or bio-based materials instead of traditional petrochemical plastics. For example, in January 2022, Osaka-Gunze Limited, a Japan-based technology company, launched the fancy wrap GB50, a bio-attributed heat-shrinkable film for labels. This film contains approximately 50% bio-based content sourced from non-edible biomass, offering the same performance and appearance as conventional films. Its mass balance approach ensures traceability of the bio-based content. The product is ideal for labeling goods in the beverage, grocery, and home care industries, aligning with Gunze's sustainability goals by reducing petroleum usage and lowering greenhouse gas emissions.
In December 2024, Multi-Color Corporation (MCC), a US-based label company, acquired Eximpro, a Mexican manufacturer of industrial heat shrink labels. The acquisition, for an undisclosed amount, will allow Multi-Color Corporation to expand its presence and strengthen its capabilities in premium label solutions across emerging markets.
Major players in the industrial heat shrink labels market are Avery Dennison Corporation, Formosa Packaging Company, CCL Industries Inc., Multi-Color Corporation, HellermannTyton, Panduit, Fuji Seal International Inc., Brady Corporation, Superior Group of Companies, Topflight Corporation, Label Systems Inc., Century Label, Blue Label Packaging Company, K-Sun Corporation, Industrial Heat Shrink Labels, Horizon Label LLC, Traco Manufacturing Inc., FOCUSales Inc, AMAC Technologies, Epson LabelWorks PX.
North America was the largest region in the industrial heat shrink labels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in industrial heat shrink labels report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the industrial heat shrink labels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Industrial heat shrink labels are identification tags made from materials that contract when exposed to heat. They are primarily used in industrial environments to label wires and cables, offering a secure, durable fit that withstands harsh conditions such as heat, chemicals, and physical wear.
The main types of industrial heat shrink labels include polyvinyl chloride (PVC), polyethylene terephthalate glycol (PETG), oriented polystyrene (OPS), polyethylene (PE), and other materials. PVC, a commonly used plastic polymer, is favored for its strength, cost-effectiveness, and versatility, making it suitable for various industrial applications. These labels come in different forms, including passive labels, active labels, and radio frequency identification (RFID) labels. They can be produced using multiple printing technologies such as flexographic, rotogravure, digital, and other advanced methods. These labels are used in industries such as food and beverage, pharmaceuticals, electronics, cosmetics, automotive, and more. They find applications in sectors such as manufacturing, retail, logistics, transportation, construction, and aerospace, among others.
The industrial heat shrink labels market research report is one of a series of new reports that provides industrial heat shrink labels market statistics, including the industrial heat shrink labels industry global market size, regional shares, competitors with the industrial heat shrink labels market share, detailed industrial heat shrink labels market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial heat shrink labels industry. This industrial heat shrink labels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The industrial heat shrink labels market consists of sales of products including heat shrink tubing labels, pre-printed heat shrink labels, blank heat shrink sleeves, perforated heat shrink labels, and colored heat shrink labels. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The industrial heat shrink labels market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to the rising demand for durable, tamper-evident labeling in pharmaceuticals, the expansion of smart packaging, increasing automation in cable and wire management, stricter global safety and compliance regulations, the growth of the renewable energy and electric vehicle sectors, a shift towards eco-friendly and recyclable materials, and the growing need for customization in industrial identification. Key trends in the forecast period include the use of sustainable materials, the integration of smart labeling technologies, enhanced heat resistance, improved print durability, faster shrink application processes, and customizable designs for branding.
The rise in industrial and manufacturing activities is expected to drive the growth of the industrial heat shrink labels market. These activities encompass processes where goods are produced using labor, machinery, tools, and chemical or biological processing. With demand increasing and significant investments being made by governments and companies in technology, infrastructure, and supply chain resilience, industrial and manufacturing activities are on the rise. Industrial heat shrink labels play a crucial role in these sectors by securely identifying and organizing wires, cables, and components to ensure safety, traceability, and efficiency. For example, in September 2024, the Office for National Statistics in the UK reported that UK manufacturers achieved total product sales worth $603.76 billion (£456.1 billion) in 2023, marking a $22.77 billion (£17.2 billion) or 3.9% increase compared to 2022. Therefore, the growth in industrial and manufacturing activities will drive the demand for industrial heat shrink labels.
Leading companies in the industrial heat shrink labels market are focusing on developing environmentally friendly heat-shrinkable films to reduce dependence on petrochemical materials. These films are designed to shrink and tightly conform to a product when exposed to heat, but they are made from sustainable or bio-based materials instead of traditional petrochemical plastics. For example, in January 2022, Osaka-Gunze Limited, a Japan-based technology company, launched the fancy wrap GB50, a bio-attributed heat-shrinkable film for labels. This film contains approximately 50% bio-based content sourced from non-edible biomass, offering the same performance and appearance as conventional films. Its mass balance approach ensures traceability of the bio-based content. The product is ideal for labeling goods in the beverage, grocery, and home care industries, aligning with Gunze's sustainability goals by reducing petroleum usage and lowering greenhouse gas emissions.
In December 2024, Multi-Color Corporation (MCC), a US-based label company, acquired Eximpro, a Mexican manufacturer of industrial heat shrink labels. The acquisition, for an undisclosed amount, will allow Multi-Color Corporation to expand its presence and strengthen its capabilities in premium label solutions across emerging markets.
Major players in the industrial heat shrink labels market are Avery Dennison Corporation, Formosa Packaging Company, CCL Industries Inc., Multi-Color Corporation, HellermannTyton, Panduit, Fuji Seal International Inc., Brady Corporation, Superior Group of Companies, Topflight Corporation, Label Systems Inc., Century Label, Blue Label Packaging Company, K-Sun Corporation, Industrial Heat Shrink Labels, Horizon Label LLC, Traco Manufacturing Inc., FOCUSales Inc, AMAC Technologies, Epson LabelWorks PX.
North America was the largest region in the industrial heat shrink labels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in industrial heat shrink labels report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the industrial heat shrink labels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Industrial heat shrink labels are identification tags made from materials that contract when exposed to heat. They are primarily used in industrial environments to label wires and cables, offering a secure, durable fit that withstands harsh conditions such as heat, chemicals, and physical wear.
The main types of industrial heat shrink labels include polyvinyl chloride (PVC), polyethylene terephthalate glycol (PETG), oriented polystyrene (OPS), polyethylene (PE), and other materials. PVC, a commonly used plastic polymer, is favored for its strength, cost-effectiveness, and versatility, making it suitable for various industrial applications. These labels come in different forms, including passive labels, active labels, and radio frequency identification (RFID) labels. They can be produced using multiple printing technologies such as flexographic, rotogravure, digital, and other advanced methods. These labels are used in industries such as food and beverage, pharmaceuticals, electronics, cosmetics, automotive, and more. They find applications in sectors such as manufacturing, retail, logistics, transportation, construction, and aerospace, among others.
The industrial heat shrink labels market research report is one of a series of new reports that provides industrial heat shrink labels market statistics, including the industrial heat shrink labels industry global market size, regional shares, competitors with the industrial heat shrink labels market share, detailed industrial heat shrink labels market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial heat shrink labels industry. This industrial heat shrink labels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The industrial heat shrink labels market consists of sales of products including heat shrink tubing labels, pre-printed heat shrink labels, blank heat shrink sleeves, perforated heat shrink labels, and colored heat shrink labels. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Industrial Heat Shrink Labels Market Characteristics3. Industrial Heat Shrink Labels Market Trends And Strategies4. Industrial Heat Shrink Labels Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market32. Global Industrial Heat Shrink Labels Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Industrial Heat Shrink Labels Market34. Recent Developments In The Industrial Heat Shrink Labels Market
5. Global Industrial Heat Shrink Labels Growth Analysis And Strategic Analysis Framework
6. Industrial Heat Shrink Labels Market Segmentation
7. Industrial Heat Shrink Labels Market Regional And Country Analysis
8. Asia-Pacific Industrial Heat Shrink Labels Market
9. China Industrial Heat Shrink Labels Market
10. India Industrial Heat Shrink Labels Market
11. Japan Industrial Heat Shrink Labels Market
12. Australia Industrial Heat Shrink Labels Market
13. Indonesia Industrial Heat Shrink Labels Market
14. South Korea Industrial Heat Shrink Labels Market
15. Western Europe Industrial Heat Shrink Labels Market
16. UK Industrial Heat Shrink Labels Market
17. Germany Industrial Heat Shrink Labels Market
18. France Industrial Heat Shrink Labels Market
19. Italy Industrial Heat Shrink Labels Market
20. Spain Industrial Heat Shrink Labels Market
21. Eastern Europe Industrial Heat Shrink Labels Market
22. Russia Industrial Heat Shrink Labels Market
23. North America Industrial Heat Shrink Labels Market
24. USA Industrial Heat Shrink Labels Market
25. Canada Industrial Heat Shrink Labels Market
26. South America Industrial Heat Shrink Labels Market
27. Brazil Industrial Heat Shrink Labels Market
28. Middle East Industrial Heat Shrink Labels Market
29. Africa Industrial Heat Shrink Labels Market
30. Industrial Heat Shrink Labels Market Competitive Landscape And Company Profiles
31. Industrial Heat Shrink Labels Market Other Major And Innovative Companies
35. Industrial Heat Shrink Labels Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Industrial Heat Shrink Labels Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on industrial heat shrink labels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for industrial heat shrink labels ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial heat shrink labels market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Polyvinyl Chloride (PVC); Polyethylene Terephthalate Glycol (PETG); Oriented Polystyrene (OPS); Polyethylene (PE); Other Types2) By Label Type: Passive Labels; Active Labels; Radio Frequency Identification (RFID) Labels
3) By Printing Technology: Flexographic; Rotogravure; Digital; Other Printing Technologies
4) By Application: Food And Beverage; Pharmaceuticals; Electronics; Cosmetics; Automotive; Other Applications
5) By End-User Industry: Manufacturing; Retail; Logistics And Transportation; Construction; Aerospace; Other End-User Industries
Subsegments:
1) By Polyvinyl Chloride (PVC): Transparent PVC; Opaque PVC; Colored PVC2) By Polyethylene Terephthalate Glycol (PETG): Transparent PETG; High-Shrink PETG; Matte PETG
3) By Oriented Polystyrene (OPS): Crystal OPS; White OPS; Multi-layer OPS
4) By Polyethylene (PE): High-Density Polyethylene (HDPE); Low-Density Polyethylene (LDPE); Linear Low-Density Polyethylene (LLDPE)
5) By Other Types: Polypropylene (PP); Polylactic Acid (PLA); Blended Materials
Key Companies Profiled: Avery Dennison Corporation; Formosa Packaging Company; CCL Industries Inc.; Multi-Color Corporation; HellermannTyton
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Avery Dennison Corporation
- Formosa Packaging Company
- CCL Industries Inc.
- Multi-Color Corporation
- HellermannTyton
- Panduit
- Fuji Seal International Inc.
- Brady Corporation
- Superior Group of Companies
- Topflight Corporation
- Label Systems Inc.
- Century Label
- Blue Label Packaging Company
- K-Sun Corporation
- Industrial Heat Shrink Labels
- Horizon Label LLC
- Traco Manufacturing Inc.
- FOCUSales Inc
- AMAC Technologies
- Epson LabelWorks PX