1 / 19

Sleeve label market | Coherent Market Insights

Read here about the article "Sleeve label market" published by CMI team.

shindeshrushti16
Télécharger la présentation

Sleeve label market | Coherent Market Insights

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. SLEEVE LABELS MARKET ANALYSIS • Sleeve Labels Market, By Product Type (Stretch Sleeve, Shrink Sleeve), By End-use (Food & Beverage, Health care, Personal care, Others), 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 Printing Technology Type (Gravure, Digital, Flexography), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. The global sleeve labels market is projected to reach around US$ 18.6 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019-2027).

  4. Drivers • Rising demand for extended shelf-life of the product is expected to fuel the market growth of the sleeve label. Most sleeve labels are based on advanced security features such as UV protection that are claimed to increase the shelf life of products. Moreover, these labels are also equipped with tracking systems such as RFID chips and QR codes in some cases. Hence, growing demand for extending shelf-life of the product will favor the market growth of the sleeve label.

  5. Increasing strict rules and regulation to counter tampering and counterfeiting in food &beverage industry is expected to augment the market growth. Growing cases of tampered and counterfeit products have raised enforcement of stringent regulations in order to reduce such cases. Because of this, major companies are opting for sleeves labels over pressure-sensitive tapes and in-mold since the sleeve label over tamper-evident packaging, this, in turn, is propelling the market growth.  • On basis of the region, the Asia Pacific region dominated the global sleeve labels market in 2018, accounting for 40% share in terms of volume, followed by Europe and North America, respectively.

  6. Figure 1. Global Sleeve Labels Market, Revenue Share (%), By Region, 2018

  7. Market Restraints • Increasing implementation of stringent environmental regulations is expected to hinder the market growth of the sleeve label. Mostly sleeve labels are produced from High-density polyethylene (HDPE) and Poly Vinyl Chloride (PVC) materials that are hazardous to the environment and for this EU regulation and FDA regulations are restricting the use of harmful chemical substances such as PVC. This factor is expected to restrict market growth of sleeve labels over the forecast period.

  8. Cost of the shrinking label is relatively high and this factor is expected to hinder the market growth of sleeve label over the forecast period. Moreover, the stretch label cannot offer over-the-cap tamper evidence and this factor is restricting the use of the stretch label. Hence, both the types of sleeve labels have certain limitation and this is expected to hinder the market growth.

  9. Market Opportunities • Expanding packaging industry especially in Asia Pacific region is expected to offer potential growth opportunity to the market of sleeve label. According to the packaging gateway, India is anticipated to reach US$ 73.6 billion by the 2020 financial year (FY2020), due to the India’s growing population and income levels. Therefore, the growing packaging sector will favor the market growth of the sleeve label over the forecast timeframe.

  10. The growing pharmaceutical market is expected to fuel the market growth of the sleeve label and sleeve label are widely used in the packaging of pharmaceutical products in order to encounter counterfeit products. According to the India Brand Equity Foundation, the pharmaceutical sector in India was valued at US$ 33 billion in 2017. India’s domestic pharmaceutical market turnover reached Rs 1, 29,015 crore (US$ 18.12 billion) in 2018, growing 9.4 per cent year-on-year (in Rs) from Rs 1, 16,389 crore (US$ 17.87 billion) in 2017.

  11. Figure 2. Global Sleeve Labels Market– Opportunity Analysis

  12. Market Trends • The growing trend of digital printing around the globe and sleeve label and most of the sleeve label manufacturers are focusing on offering highly attractive and customizable products that are expected to propel the market growth. According to the report by SmithersPira, in 2017, digital printing accounts for 16.2% of the global print market value and 2.9% of the volume. Therefore, growing digital printing is expected to foster market growth.

  13. Rising trend of super stretch sleeves label market which was first launched by CCL Industries Inc., is expected to augment the market growth of sleeve labels. Super stretch sleeves label can be applied to any size and shape of the container without any heat or adhesives. According to the Coherent Market Insight, the Shrink label accounted for over 60% of the overall sleeve label market in 2015. As compared to shrink labels, stretch labels provide high elasticity and are comparatively low priced. Moreover, it is projected to gain traction across the food & beverage industry.

  14. Figure 3. Global Sleeve Labels Market, RevenueShare (%), By Material Type, in 2018

  15. Competitive Section: • Key players operating in global sleeve labels market are Fuji Seal International, Inc., CCL Industries, Dow Chemicals, Berry Plastics Group, Inc., KlöcknerPentaplast, Macfarlane Group PLC, and Huhtamaki Oyj.

  16. REQUEST SAMPLE • DOWNLOAD PDF BROCHURE • REQUEST CUSTOMIZATION • TALK TO ANALYST REFERENCE: https://www.coherentmarketinsights.com/market-insight/sleeve-labels-market-3546

  17. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  18. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  19. THANK YOU! Kindly follow CMI Social Media Profiles for the latest company updates Facebook LinkedIn Twitter https://www.coherentmarketinsights.com/

More Related