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Shrink Sleeve Labels Market are one of the most durable and ideal labels for products that are exposed to severe moisture and friction. The major benefits in favor of shrink sleeve labels are 360 degree design coverage, full color, abrasion and moisture resistance, and wide compatibility. As no adhesives are used in the shrink sleeve labels, this property of shrink sleeve labels makes the containers reusable. Shrink sleeve labels are extensively used in food and beverages, pharmaceuticals and personal care packaging industries. An exclusive label can efficiently attract the attention of consumers.
Labelling can have a strong impact on the buying decisions of customers. A brilliantly designed cover and quality labelling can appeal to customers and creates a good impression on them, shrink sleeve labels is anticipated to serve the above mentioned purpose, which in turn is expected bolster the growth of global shrink sleeve labels market
Through 2032, the market for shrink sleeve labels is anticipated to grow at a CAGR of 6%. By 2032, the market for shrink sleeve labels is projected to be worth US$28.47 billion, up from US$15.90 billion in 2022.
Full body shrink sleeve labels cover and fit the entire surface of the container, they adhere tightly to its contour and allows its whole surface to be covered as well as decorated from top to bottom. In order to offer an opportunity to re-brand the product, full body printed shrink sleeve labels can easily give an old product an updated appearance. Compared to smaller shrink sleeve labels, full body shrink sleeve labels ensure protection from UV radiation, and hence the full body shrink sleeve labels I anticipated to drive the global shrink sleeve labels market.
To pack two containers together, combo pack shrink sleeve labels can be used, these kind of shrink sleeve labels are used for promotional products and to package multiple containers together with the aim of offering it as a single product. Tamper evident shrink sleeve labels are generally printed with safety-seal text or warning messages. Overall, use of tamper-evident bands advertises the impression of security, that the product has been maintained throughout the distribution process.
Custom printed tamper-evident shrink sleeve labels are commonly used in the food and pharmaceutical industries and are anticipated to boost the global shrink sleeve labels market growth. Shrink sleeve can labels are used with special paints to hide the graphics of already printed cans.
Based on geography, the global shrink sleeve labels market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). Of these, Asia Pacific is expected to overshadow the shrink sleeve labels market in the upcoming years. Furthermore, Western Europe and North America are anticipated to boost the market growth over the upcoming years with regards to the rising demand for personal care, consumer products and food and beverages industries.
Moreover, in the upcoming years, Latin America and MEA markets are also anticipated to be major the players in the overall growth of shrink sleeve labels market due to rising health issues which are expected to contribute towards the rising demand for shrink sleeve labels market in the healthcare sector. Whereas, increase in use of cosmetic products in the MEA market will in future urge the growth of the shrink sleeve labels market. Increase in number of diseases in Latin America and MEA are also expected to trigger the pharmaceutical industry, hence propelling the demand for shrink sleeve labels in the region.
Due to the presence of a large number of big and small firms, the global shrink sleeve labels market is marked with powerful competition. New product launches or rebranding and innovation are the key strategies followed by market players to ensure their stability as well as growth in the market. Some of the top players operating in the shrink sleeve labels market are CCL Industries Inc., Berry Plastics Corporation, PMMI Media Group, Polysack Ltd, Klockner Pentaplast, Bonset America Corporation, Fuji Seal International, Inc., Hammer Packaging, Corp., MacFarlane Group UK Ltd, Paris Art Label Company Inc. and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Value Chain
Access Full Report@ https://www.futuremarketinsights.com/reports/shrink-sleeve-labels-market
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Published on November 25, 2022
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