Sleeve Label Packaging Market Segmentation by Type (Shrink, and Stretch); by Material (PVC, PET, PE, OPS, and Others); by Application (Food & Beverages, Pharmaceutical, Cosmetics, and Others) – Global Demand Analysis & Opportunity Outlook 2029
Buy Now Report ID: 101 | Published Date: Feb 14, 2023
Our in-depth analysis of the sleeve label packaging market includes the following segments:
On the basis of geographical analysis, the sleeve label packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in North America is estimated to occupy the largest share over the forecast period on the back of the presence of leading industry players and a robust rate of industrial development in the region. Moreover, Asia Pacific is assessed to emerge as the most futuristic market in the near future owing to the increasing urban population, low cost of labor, and growing availability of polymer films in the region. Furthermore, South-East Asia is anticipated to be a crucial zone for market growth in the future, which can be credited to the large-scale manufacturing of decorative container coatings at lower costs and increasing production of labelling and packaging industries. Apart from these, the rising industrial capacities of countries, namely China and India is also evaluated to fuel market growth in the APAC region.
The sleeve label packaging market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Sadaf Naaz, Mohd Shadab
Ans: Growing consumer inclination towards packaged food and the increasing demand to improve on-shelf appearance of products are the major market growth drivers.
Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 – 2029.
Ans: Lack of recyclability of sleeve packaging material is estimated to hamper the market growth.
Ans: Asia Pacific region will offer more business growth opportunities on the back of increasing urban population and low labor cost.
Ans: The major players in the market are Bemis Manufacturing Company, Berry Global Inc., KP Holding, Amcor plc, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, material, application, and by region.
Ans: The PVC segment is anticipated to hold largest market size and is estimated to grow at a modest CAGR over the forecast period and display significant growth opportunities.
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