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

  • Report ID: 101
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Sleeve Label Packaging Market Highlights 2020 - 2029

The sleeve label packaging market is estimated to garner a sizeable revenue by growing at a significant CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to the growing inclination of consumers towards packaged foods, rise in demand to enhance the on-shelf appeal of products, and the rapid growth of beauty & wellness industry. Currently, the health and wellness industry generates a revenue of more than USD 4.5 trillion. Along with these, these packaging also offer many advantages such as improved brand identity, heightened end-user engagement and better marketing opportunities, which in turn are expected to offer ample opportunities for the growth of the market in the near future.

The market is bifurcated by type into shrink and stretch, out of which, the stretch sleeve labels segment is anticipated to witness noteworthy growth in the sleeve label packaging market on account of greater aesthetic appeal and high cost-effectiveness. In addition to these, stretch labels also pose lesser risks to the environment, which in turn is projected to boost the demand of the products over the forecast period. Furthermore, on the basis of material, the PVC segment is expected to gather the largest market share over the forecast period in view of PVC’s light weight and high chemical and abrasion resistance. It is calculated that the worldwide PVC production in 2025 will increase by more than 15 million metric tons from 2019. However, the segment for PET is expected to grow significantly in the coming years owing to the higher versatility of this plastic, greater safety for storage of food items and better durability. Additionally, by application, the pharmaceuticals segment is evaluated to witness most rapid growth, which can be attributed to the increasing expansion of this sector in developing countries and the escalating consumption of drugs worldwide.

Sleeve Label Packaging Market Graph

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Global Sleeve Label Packaging Market Regional Synopsis

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. 

Sleeve Label Packaging Market Share Image

The sleeve label packaging market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the sleeve label packaging market includes the following segments:

By Type

  • Shrink
  • Stretch

By Material

  • PVC
  • PET
  • PE
  • OPS
  • Others

By Application

  • Food & Beverages
  • Pharmaceutical
  • Cosmetics
  • Others

Growth Drivers

  • Rising Consumer Inclination towards Packaged Foods to Drive Market Growth
  • Increasing Demand to Improve On-Shelf Appearance of Products to Expand Market

Challenges

  • Lack of Recyclability of Sleeve Label Packaging Material to Hinder Market Growth

Top Featured Companies Dominating the Market

  • Bemis Manufacturing Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Berry Global Inc.
  • KP Holding GmbH & Co. KG
  • Amcor plc
  • Taghleef Industries SpA
  • Barry-Wehmiller Group, Inc. (Accraply)
  • L.A.Sleeve Co., Inc.
  • Flint Group
  • CCL Industries Inc.
  • AVERY DENNISON CORPORATION


In-the-news

In the News

Author Credits:  Abhishek Anil


  • Report ID: 101
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing consumer inclination towards packaged food and the increasing demand to improve on-shelf appearance of products are the major market growth drivers.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 – 2029.

Lack of recyclability of sleeve packaging material is estimated to hamper the market growth.

Asia Pacific region will offer more business growth opportunities on the back of increasing urban population and low labor cost.

The major players in the market are Bemis Manufacturing Company, Berry Global Inc., KP Holding, Amcor plc, and others.

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.

The market is segmented by type, material, application, and by region.

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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