Global Market Study on Sleeve Labels: Suppliers Eying for Long Term Strategic Tie-up with Buyers in Food & Beverage Industry, Likely to Catapult Demand by 2024


  • Published On : Aug-2016 |
  • Pages : 272 Pages |
  • Format :

This Persistence Market Research report examines the ‘Sleeve Labels Market for the period 2016-2024. The primary objective of the report is to offer updates and market opportunities in the global sleeve labels market.

In accordance with the Flexible Packaging Association, among all labeling segments, sleeve labels are one of the key labeling segment. Sleeve labels in the industry are classified into two categories: Stretch sleeves and Shrink sleeves. Stretch sleeves, due to its high elastic properties, can be easily applied to a surface by stretching over it whereas shrink sleeves smoothly shrinks on a surface on application of heat.

The report has been divided into six parts, for better understanding and assessment of the global market scenario; the above-mentioned divisions are: market analysis by product type, end-users, material type, printing technology type, printing ink type and regions. The report analyses the global sleeve labels market in terms of market value (US$ Mn) and market volume (m2 Mn).

The report starts with an overview of sleeve labels and its usage in various applications across the globe. In the same section, PMR covers the sleeve labels market performance in terms of revenue. This section includes, PMR’s analyses of key trends, drivers and restraints from supply and demand perspective.

The next section of the report analyses the market based on product type and presents the forecast in terms of value and volume for the next eight years.

Products covered in the report include:

  • Stretch sleeves
  • Shrink sleeves

The next section of the report analyses the market based on end-user segments and presents the forecast in terms value and volume for the next eight years.

End-use Segment covered in the report include:

  • Food & Beverage
  • Health care
  • Personal care
  • Other applications

The next section of the report analyses the market based on materials segments and presents the forecast in terms value and volume for the next eight years.

Materials type segment covered in the report include:

  • Oriented polystyrene shrink(OPS)
  • Polyvinyl Chloride(PVC)
  • Polyethylene terephthalate(PET-G)
  • Polypropylene
  • Other material types

The next section of the report analyses the market based on printing technology type and presents the forecast in terms value and volume for the next eight years.

Printing technology segment covered in the report include:

  • Gravure printing
  • Digital printing
  • Flexography printing

The next section of the report analyses the market based on printing ink segments and presents the forecast in terms value and volume for the next eight years.

Printing ink segment covered in the report include:

  • Water based
  • UV
  • Solvent based

The next section of the report analyses the market based on regions and presents the forecast in terms of value and volume for the next eight years.

Regions covered in the report include:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

To arrive at the market size, the report considers average price of sleeve labels per meter square across geographies. The forecast presented here assesses the total revenue of sleeve labels. The starting point is sizing the current market, which lays the foundation for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics of market, in-depth analysis based on the supply side, demand side and label consumption rate, is taken into account. However, quantifying the market across above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

In addition, we have taken into consideration year on year growth to understand the predictability of the market and to identify the right opportunities across the sleeve labels market.

As previously highlighted, the market for sleeve labels is split into various sub categories based on region, products, techniques, end-user segments. All these sub-segments or categories have been analyzed in terms of basis point share (BPS) to understand individual segments relative contribution to growth. This detailed level of information is important for identification of many key trends in the global sleeve labels market.

Also, another key feature of this report is the analysis of sleeve labels market by its revenue forecast in terms of the absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global sleeve labels market.

Furthermore, Persistence Market Research has developed market attractiveness index for all six segments–Regional, product type, material type, technology, ink type and by end-user segments. This index helps in identifying the real opportunities that lie in the market.

In the final section of the report, a sleeve labels market landscape is included to provide a dashboard view, based on different categories of market players, along with their product portfolio and key differentiators.

Key market participants covered in the report include:

  • CCL Industries
  • DOW Chemicals
  • Fuji Seal International, Inc.
  • Berry Plastics Group, Inc.
  • Macfarlane Group PLC
  • Huhtamaki Oyj
  • Klockner Pentaplast.

Sleeve Labels, are broadly categorised into stretch sleeve labels and shrink sleeve labels, based on the technique of labeling. Sleeve labels find their wide usage in the labeling of beverage and packaged food. Sleeve labels are widely sought after for healthcare and personal care packaging solution, owing to cost efficient and atheistic appeal attributes. The market share of sleeve labels is estimated to be 12% of the global labeling market in 2016 and is projected to increase at a CAGR of over 5% throughout the forecast period. 

The labeling industry has witnessed two-fold growth in the last decade. Among multiple segments of the global label market, sleeve labels are anticipated to be the fastest growing segment. Factors such as brand competitiveness, cost efficiency, and on-shelf appeal have contributed to the growth of sleeve labels, worldwide. Likewise, the mounting demand of beverage and packaged food in consort to health care and personal care products have augmented the growth of sleeve labels. However, government initiatives and growing consumer awareness towards usage of eco-friendly and low-density bio-degradable packaging products have put a limitation towards the growth of sleeve labels markets. Besides, presence of low-cost substitutes like pressure sensitive and self-adhesive labels is another limiting factor for the sleeve labels market.

Persistence Market Research, in the report titled, “Sleeve Labels Market: Global Industry Analysis and Forecast, 2016–2024,” have segmented the global sleeve labels market on the basis of product type, end-use, material type, printing technology type, printing ink type and region. On the basis of product type the global sleeve labels market has been segmented into stretch sleeves and shrink sleeves. On the basis of end-use, the market has been segmented into food & beverage, healthcare, personal care and other uses. On the basis of material type, the market has been segmented into oriented polystyrene shrink, polyvinyl chloride, PET-G, polypropylene and others. Based on the printing technologies gravure, digital and flexography segments have been considered. Based on the printing ink type, the market has been segmented as water based, UV and solvent based. Lastly, on the basis of region, the global sleeve labels market has been segmented into North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.

Asia-Pacific is expected to dominate the sleeve labels market gaining 553 BPS between 2016 and the end of the forecast period. The APAC market and is forecast to register the highest CAGR of 6.2%. This trend is attributed to the mounting demand for beverage and packaged food China, India, and ASEAN countries. Furthermore, growth in manufacturing sector and increased consumer spending power are the key drivers of sleeve labels in this region. North America though a developed market with multiple market players, is expected to gain momentum in the later phase of the forecast period with future investments in the manufacturing sectors. Mature market of Europe is anticipated to witness uneven growth throughout the forecast period, primarily due to modest economic performance and disparity in growth forecasts. Moreover, Latin America and MEA sleeve labels markets are expected to register sluggish growth, all over the forecast period.

sleeve-labels-market

Key Players

Globally, the leading players in sleeve labels include CCL Industries, Fuji Seal International, Inc., DOW Chemicals, Berry Plastics Group, Inc., Macfarlane Group PLC, Huhtamaki Oyj and Klockner Pentaplast. These companies operate in different regions and account for a substantial share of the market. Moreover, the industry, particularly in emerging market, also houses a large number of small-scale players, which operate in profitability margins. 

 

Company Highlights

  • Berry Plastics Group Inc.
  • The DOW Chemical Company
  • Klockner Pentaplast Group
  • Fuji Seal International, Inc.
  • Macfarlane Group
  • Huhtamaki Oyj
  • CCL Industries
  • Other
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