Global Shrink Sleeve & Stretch Sleeve Labels Market is expected to grow at a CAGR of 5.75% in the forecast period of 2018-2025, rising from its initial estimated value of USD 10 billion in 2017 to an estimated value of USD 15.64 billion by 2025. Due to the rapid urbanization in all over the world and the preference of switching to packed foods, is increasing the demand for Shrink Sleeve & Stretch Sleeve Labels, as it is widely used in the packaging industry.
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Sleeve Labels are packaging labels to be used in packaging of food and beverages, to increase their aesthetic appeal and increase the information about the packaged product. The labels are used to inform the consumer about the product, it’s branding thus increasing its popularity and make the product more appealing.
The labels market is experiencing a surge of growth due to the high demand of packaged items, caused by the increase in purchasing power of the world. This rise in demand for packaged items is one of the major factors behind the growth of the labels market.
Market Drivers:
- Factors like brand appeal, informative packaging are the major factors for the growth of the industry
- Increased demand for packed food has increased the demand for the sleeve labels and therefore, is the factor behind the growth of the industry
Key Companies:
- Berry Global Inc.,
- Fuji Seal International Inc.,
- Macfarlane Group PLC,
- CCL Industries Inc.,
- Fort Dearborn Company,
- Huhtamaki Global,
- Cenveo Corporation,
- Klöckner Pentaplast,
- The Dow Chemical Company,
- Hammer Packaging, Corp.
- International Paper & More
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Segmentation:
- By Type
- Stretch
- Shrink
- By Polymer Film
- PVC (Polyvinyl Chloride)
- PET-G (Polyethylene Terephthalate Glycol)
- OPS (Oriented Polystyrene)
- PLA (Polylactic Acid)
- PE (Polyethylene)
- By Application
- Beverages
- Food
- Personal care
- Health care
- Others
- By Printing Technology
- Gravure
- Flexography
- Digital
- By Ink
- Water based
- Solvent based
- UV
- By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
- United Arab Emirates
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Key reason to Purchase the report
1. To describe and forecast the Shrink Sleeve & Stretch Sleeve Labels Market, in terms of value, by process, product type, and industry.
2. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
3. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
4. To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Shrink Sleeve & Stretch Sleeve Labels Market growth
5. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various trocars across geographies.
6. To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the overall market
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Report Access: https://databridgemarketresearch.com/reports/global-inventory-tags-market/
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