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Global Sleeve Label Packaging Market Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Sleeve Label Packaging Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Sleeve labels are film of materials (polymers, papers, fibres etc.) used in packaging of different products. These labels not only enhance product’s visibility but also enrich its aesthetic appearance.

Geographically, the market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Oceanic and Rest of world. Europe is estimated to be the largest sleeve label packaging market followed by Asia-Pacific; forecasted to witness the highest growth over the forecast period.

Market Size and Forecast

North America is considered to have a robust growth in sleeve label packaging market during the covered forecast period. The sleeve label packaging market in North America is likely get propelled by rapidly expanding pharmaceutical industry in the region. The U.S. and Canada are considered to be two largest market of North America sleeve packaging market.

Europe sleeve label packaging market is anticipated to get fostered from escalating demand of sleeve label packaging from food and beverage industry. Germany, Italy, France, Spain and Italy are major sleeve label packaging market in Europe.

Backed up by growing urbanization and rising per capita income in some of the major countries such as India, China, Singapore, and Japan, Asia-Pacific is envisioned to have a stupendous compound annual growth rate in coming 5-6 years.  

The sleeve label packaging market in Middle East and North Africa is expected to get spiked by rapidly expanding economy of the region. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation

  • By Types

On the basis of type global sleeve label packaging market is segmented into stretch and shrink labels packaging. Global stretch and shrink label market is envisioned to register a compound annual growth rate (CAGR) of 5.8%  during 2015-2021 to reach USD 13.6 Million by 2021. 

  • By Application Methods

The global sleeve label packaging market is segmented by application methods into heat transfer, pressure application, glue applied and in-mold methods.

  • By Materials

Global sleeve label packaging market is divided on the basis of materials as plastic, paper and other materials.

  • By End-User

Based on end-user, global sleeve label packaging market is segmented as home care, pharmaceuticals, food and beverages, industrial goods, personal care, cosmetics and others.

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges

Escalating demand of packaged food and beverages products and expanding portfolio of packaging products are believed to be two major drivers fostering the growth of global sleeve label packaging market.

In addition to this, growing demand of sleeve label packaging in pharmacy and cosmetics industry is further expected to beef up the demand of sleeve label packaging over the forecast period.

However, lack of recyclability of sleeve label packaging materials is believed to be a major threat which could plague the growth of global sleeve packaging materials in future.

Key Players

  •  Accraply Inc.
  • Bonset America Corporation
  • Avery Dennison Corporation
  • Taghleef Industries group
  • Flint Group
  • SleeveCo Inc.
  • CCL Industries
  • Esko-Graphics bvba
  • Eastman Chemical Company.      

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