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.
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.
The global sleeve label packaging market is segmented by application methods into heat transfer, pressure application, glue applied and in-mold methods.
Global sleeve label packaging market is divided on the basis of materials as plastic, paper and other materials.
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.
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.
The key competitors of global sleeve packaging market include Accraply Inc., Bonset America Corporation, Avery Dennison Corporation, Taghleef Industries group, Flint Group, SleeveCo Inc., CCL Industries, Esko-Graphics bvba, Eastman Chemical Company, etc.
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