Overview
Shrink Sleeve Labels Market is projected to be worth USD 27.9 Billion by 2030, registering a CAGR of 6.4% during the forecast period (2021 - 2030). The global Shrink Sleeve Labels Market is driven by continuous development in the packaging industry in combination with growing customer expectations for high hygiene characteristics. These factors have helped shape the shrink sleeve labels market and are expected to boost the growth. Companies in the shrink sleeve labels market could also face challenges such as growing environmental concerns and the growing need for diminishing pollution. The details covered in the shrink sleeve labels market report cover all the aspects of the industry. shrink sleeve labels market analysts have also shared growth projections in the report and have suggested shrink sleeve labels market players to plan growth strategies accordingly.
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Key Players
- Bemis company
- Berry plastic group
- Klockner pentaplast group
- Amcor PLC
- Clondalkin group holdings
- Huhtamaki Oyj
- Schur flexibles
- Cenveo group
- Taghleef industries
Market Segmentation
The global shrink sleeve labels market has been segmented based on type, materials, and application. On the basis of type, the market for shrink sleeve labels is segmented based on stretch, and shrink. Additionally, the market on the basis of material, is segmented into PVC, PET-G, Expanded Polystyrene Films, PE, Polylactic Acid Films, and others. The global market for shrink sleeve labels is also covered based on the application segment which is further split into food & beverage, pharmaceuticals, personal care, and others.
Factors like increased number of development activities by multinationals and well-established companies, support the shrink sleeve labels market growth. The performance of the shrink sleeve labels market has also been studied for the past and current years. Additionally, the shrink sleeve labels market report provides analysis of these segments. The shrink sleeve labels market segmental analysis provided in the report offers major details about the shrink sleeve labels market performance and future.
Regional Overview
Companies in the shrink sleeve labels market are spread across the world. The shrink sleeve labels market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American shrink sleeve labels market has many companies across the United States, Canada, and Mexico. Europe has companies in the shrink sleeve labels market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the shrink sleeve labels market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The shrink sleeve labels market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the shrink sleeve labels market can be found in the market research report.
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Competitive Landscape
The shrink sleeve labels market is supported by mergers and acquisition taking place among key players. The population growth around the world and increasing demand of shrink sleeve labels market based services and products also support the market growth. However, the shrink sleeve labels market growth can be affected due to lack of awareness and volatility in price. The report covers all such details which will help companies in the shrink sleeve labels market to strengthen their business plan and improve their product portfolio. The shrink sleeve labels market research report also provides company profiles of major companies. The company profiles of many organizations operating in the shrink sleeve labels market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the shrink sleeve labels market. New companies and established businesses can plan their strategies based on this data provided in the shrink sleeve labels market research report.
Industry News
Resource Label Company, LLC, a full-service supplier for the packaging industry of pressure-sensitive labels, shrink sleeves and RFID/NFC technologies, today announced the acquisition of Seattle-based Labels West, extending its footprint in the Pacific Northwest. Resource Label is a portfolio company of TPG Growth, the middle market and growth equity investment platform of First Atlantic Funds, a New York-based private investment group, and TPG. Labels West has been in the packaging business for more than 40 years and provides a diverse range of capabilities, including flexographic and digital printing, expanded material, tamper-clear and advertising label solutions.
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