A recent market intelligence report that is published by Data Insights Partner on the global Sleeve Labels Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Sleeve Labels Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Sleeve Labels Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Sleeve Labels Market is offered. In accordance with the report, the global Sleeve Labels Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Sleeve Labels are flamboyant wraparounds placed around containers to improve its eye-catchiness. This product is of two types – Shrink sleeve labels and Stretch Sleeve labels. Shrink labels shrink tightly on any shape and size of the container in the application of heat. On the other hand, stretch sleeve labels are elastic and can be applied on any container without the application of heat. Sleeve labels comprises of information that can vary from branding to product information.
The positive benefits associated with the application of sleeve labels is primarily driving its market. The advanced security features provide UV protection and assists in improving the life-span of the product. These labels are incorporated with tracking systems including QR Codes and RFID Chips. This tracking systems not only acts as a prevention from counterfeiting but also assists in tracking the containers. The manual tracking of containers is a hectic task even for the smallest of volumes. The QR Codes of sleeve labels are possible for computerized reading which along with the aforementioned factor is fueling the growth of this market.
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In course of time, incidences of tampering and forging products have risen. Hard and fast directives of the regulatory bodies to combat these problems especially in the food and beverage sector is bolstering the growth of this market since sleeve labels are qualified enough to emit such issues.
Packaging and Labeling are some of the important marketing tools in the hands of the leading players to capture consumer attention. The craze for visually enticing packaging and labeling is aiding companies to obtain a competitive edge which is further propelling the growth of this market.
Packaging and labelling are crucial manufacturing process of a variety of fast-moving consumer goods. The prosperous end use sector of sleeve labels is augmenting the growth of the sleeve labels market.
Environmental concerns are disrupting the operations of this market. The adherence to policies aimed at the implementation of strict directives for environmental conservation taking a toll on this market. various chemicals and polymers used in the production of sleeve labels are hindering the growth of this market.
Out of the two types of labels, shrink labels are highly priced. Further, stretch labels does not facilitate the labeling of the head or over-the-cap which is a severe bottleneck to this market.
The Covid-19 pandemic has disturbed the supply chain of the packaging and labeling industry which has hindered the sleeve labels market.
The expansion of the packaging industry especially in the Asia Pacific region owing to rising population and disposable incomes in the emerging nations like China and India is expected to provide lucrative opportunities to this market.
The prosperous pharmaceutical industry is a significant consumer of sleeve labels since the utilization of these labels helps to identify counterfeit products is expected to provide good scope to this market.
The super stretch sleeve labels that can be applied on containers with any shape and size is expected to showcase significant market traction. Further, the Food and Beverage sector is expected to emerge as a leading consumer of the sleeve labels market in the forecast period. The Asia Pacific region is projected to emerge as the fastest growing region in the sleeve labels market in the forecast period. Such progress can be traced back to the presence of developing nations like India and China. Rapid urbanization, the skyrocketing consumption of packaged foods, ample source of supply of polymers at a cheap price and also the availability of human resource at a cheap cost are some of the factors responsible for such progress of this region.
This market intelligence report on the global Sleeve Labels Market encompasses market segments based on product type, material type, end use, printing technology and country.
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By Product Type the global Sleeve Labels Market has been divided into:
q Shrink Sleeves
q Stretch Sleeves
By Material Type the global Sleeve Labels Market has been divided into:
q Polythene Terephthalate Glycol
q Polyvinyl Chloride
q Oriented Polystyrene
By End Use the global Sleeve Labels Market has been divided into:
o Frozen Foods
o Baby Foods
o Dairy Products
o Bakery & Confectionery
q Personal Care & Home Care
o Hair & Skin Care
o Baby Care
By country/region, the global Sleeve Labels Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q CCL Industries
q Far Eastern New Century
q Bemis Company
q Amcor Ltd
q Taghleef Industries
q Classic Labels
q Huhtamaki OYJ
q Edwards Label Inc
q Berry Global Inc
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Sleeve Labels Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
In July 2020, EcoFloat TD shrink sleeve was introduced by CCL Industries. The development of such products was aimed at the attainment of sustainability and recycling objectives.
Far Eastern New Century
In February 2020, Top Green Heat Shrink PET Films for shrink sleeve labels of Far Eastern New Century exceeded the necessity for its Critical Guidance Protocol for Clear PET articles with Labels and Closures.
In April 2019, recyclable shrink-sleeve label resins approved by APR was launched by Eastman. Embrace Float and Embrace Encore used recyclable shrink labels.
Ø This study offers comprehensive yet detailed analysis of the Sleeve Labels Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Sleeve Labels Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Sleeve Labels caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Sleeve Labels Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Sleeve Labels Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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