Sleeve & Shrink Sleeve Labels by Polymer Films Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024
Packaging is an important integral activity in the manufacturing process of any products that ensures products safety and ease of transportation. Several types of packaging techniques has been developed globally as per product packaging requirements. Sleeve and shrink sleeve labels are an emerging form of packaging solution. Sleeve & shrink sleeve labels are made up of polymer materials, which shrink to the product surface when heat is applied. Sleeve and shrink sleeve labelling enables the graphics to be printed around the product container. Sleeve and shrink sleeve labels are cost effective and, in case of more complex product containers, decorative labeling could be applied.
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Sleeve and shrink sleeve labels can be applied on the entire body of the containers or can be manufactured as per the particular shape of container, depending on the requirement of the consumer. Combination sleeve and shrink sleeves label packaging can be applied on multiple containers to be offered as a single product. Sleeve and shrink sleeve labels are made up of polymer materials such as polyvinyl chloride, polypropylene terephthalate glycol, polylactic acid, and expanded polystyrene. Sleeve and shrink sleeve labels find application in food and beverages, pharmaceuticals, and personal care packaging industries.
Sleeve & Shrink Sleeve Labels by Polymer Film Market: Drivers & Restraints
Rise in developments in the food and beverage industries, especially related to packaging, are driving growth of the global sleeve and shrink sleeves labels market currently. The major aim of the suppliers is to supply and transport the products in most efficient manner. Rise in industrial developments in developing countries indirectly affects the growth of the packaging industry. Concepts such as SEZ and ‘Smart Factories’ demand the use of smart packaging systems for contaminants free packaging of finished products, thereby boosting the market growth.
Increasing healthcare awareness among consumers and rise in environment concerns are making manufacturers more conscious about following proper packaging practices, especially in case of finished goods, thereby fueling growth of the global sleeves and shrink sleeve labels market.
However, sustainability of the sleeves and shrink sleeve labels market majorly depends on the price and supply of raw materials, such as crude oil. The fluctuations in crude oil prices could render the value chain of sleeves and shrink sleeve labels. Presence of big and small packaging firms has created a highly competitive environment in the overall sleeves and shrink sleeve labels market.
Sleeve & Shrink Sleeve Labels by Polymer Film Market: Market Segmentation
The global sleeve and shrink sleeve labels market is segmented on the basis of polymer film type into:
Polyvinyl Chloride Films
Polypropylene Terephthalate Glycol Films
Polylactic Acid Films
Expanded Polystyrene Films
The global sleeve and shrink sleeve labels market is segmented on the basis of application into:
Food and Beverages
Sleeve & Shrink Sleeve Labels by Polymer Film Market: Regional-Outlook
The global sleeves and shrink sleeve labels market is segmented into seven key geographical regions, which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East & Africa. Asia Pacific is expected to dominate the stretch and shrink film market in the coming years. Increase in end use application of the sleeves and shrink sleeve labels in the region is expected to drive growth of the sleeves and shrink sleeve labels market in the region. The market in Asia Pacific is expected to be followed by Western Europe and North America, which are major contributors to the food and beverages industries as well as the consumer products. The Latin America and the Middle East and Africa markets are also expected to be major contributors to the growth of the overall sleeves and shrink sleeve labels market in the coming years. Increasing investments in the food and beverages industry in Latin America and emerging countries in the Middle East and Africa is the major factor anticipated to drive the market growth in these regions. Besides, increasing use of cosmetic products in the Middle East and Africa market will further boost grow of the sleeve and shrink sleeve labels market, by polymer films.
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Sleeve & Shrink Sleeve Labels by Polymer Film Market: Key players
Some of the key players in the global sleeve & shrink sleeve labels market are:
Fort Dearborn Company
Paris Art Label Company
Allen Plastic Industries Co., Ltd.
American Film and Machinery
Classic Labels Inc.
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