Stretch Sleeve & Shrink Sleeve Labels Market by Polymer Film (PVC, PETG, OPS, PE and Others), by Type (Shrink and Stretch), by Ink & Printing Technology, by Application (Food, Beverages, Personal Care and Others), by Region - Global Forecast to 2020
The shrink sleeve & stretch sleeve labels market is projected to reach USD 13.20 Billion by 2020, at a CAGR of 5.5% from 2015 to 2020. The Asia-Pacific region accounted for the largest share in terms of value, followed by Europe and North America in 2014. In recent years, the Asia-Pacific region has progressed significantly in the shrink sleeve & stretch sleeve labels market, which primarily includes emerging economies such as India and China. The main driving forces in the Asia-Pacific region include growth in spending capacity, rising urbanized population, increasing demand for packaged food, easy availability of polymer films, and low labor cast. Cities in the Asia-Pacific economies would hold 54% of the world’s urban population, thereby creating the largest workforce in the world. The emerging economies such as India and China have played a vital role in the growth rate of the industry. Tamper-evident & anti-counterfeiting facilities, 3600 display, and extra printing space for content information are the driving forces behind the growth in the market.
The Chinese market is projected to grow at the highest rate over the next 5 years, and will remain above the global average of 5.5%. The shrink sleeve & stretch sleeve labels market has been growing in line with the labeling industry. With increasing awareness about wastage and recycling, people are opting for recycled shrink sleeve & stretch sleeve labels material, which has had an impact on the market for shrink & stretch sleeve label products.
This report estimates the market size of the global shrink sleeve & stretch sleeve labels market in terms of value (USD million) and volume (million m2). In this report, the market is broadly segmented based on type, polymer film, application, printing technology, ink, and region. Market drivers, restraints, challenges, material, and product price trends are discussed in detail. Market share, by all the major players, is discussed in detail for the overall market. The shrink sleeve & stretch sleeve labels market has grown significantly in the last few years and this trend is expected to continue.
Scope of the Report
This research study categorizes the shrink sleeve & stretch sleeve labels market based on type, material, application, and region:
Based on Type:
Based on Polymer film:
Based on Application:
Based on printing technology:
Based on Ink:
Based on Region:
Rest of the World (RoW)
The stretch sleeve & shrink sleeve labels market has been growing in line with the labeling and packaging industry. The increasing population, rising incomes & spending capacities of people in developing economies, the increasing demand for packaged food, and increasing urbanization are the main factors driving the growth of the stretch & shrink sleeve labels market.
Increasing demand for sustainable polymer films, 3600 display, and tamper-evident also drive the growth of the stretch sleeve & shrink sleeve labels market. The tangled recycling process is the most challenging concern in the market.
The stretch sleeve & shrink sleeve labels market has been segmented on the basis of type of stretch & shrink sleeve labels, polymer films, application, printing technology, ink, and region to provide an in-depth view of the market. All the important stretch & shrink sleeve labels markets and applications have been covered, along with their geographical market scenarios.
The stretch sleeve & shrink sleeve labels market is projected to reach USD 13.20 Billion by 2020. The Asia-Pacific region is projected to grow at the highest CAGR of 6.1% during the forecast period.
The shrink sleeve labels segment is projected to grow at the highest rate during the forecast period. The market was dominated by the PVC polymer films segment, which accounted for more than half of the total market in 2014.
The labeling market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market are Berry Plastic Group Inc. (U.S.), CCL Industries (Canada), Huhtamaki OYJ (Finland), The Dow Chemical Company (U.S.), Klockner Pentaplast Group (Germany), Cenveo Inc. (U.S.), Fuji Seal International Inc.(Japan), Hammer Packaging (U.S.), Macfarlane Group (U.K.), and Sleeveco (U.S.).
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