Global Sleeve Labels Market Forecast at $22.5 Billion by 2032: Innovative Sleeve Labels with Embedded Tracking Systems Driving Market Growth
Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Sleeve Labels Market by Type, Printing Technology, Application, End Use, and Region 2024-2032" report has been added to * ResearchAndMarkets.com's* offering.
This industry analysis highlights a significant growth trajectory for the global sleeve labels market, with a projected Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2032. This growth is attributed to the rising demand for tamper-evident packaging in the automotive sector, an intensifying focus on enhancing brand awareness and product visibility, as well as the increased necessity to provide protection against various temperature and light conditions.
Detailed market segmentation reveals that shrink sleeves hold the majority market share by type, due to their wide applications and efficiency. In terms of printing technology, gravure printing continues to lead the market. Sleeve labels are gaining traction across diverse applications including pressure sensitive, heat transfer, and in-mould labels. The beverages sector emerges as the dominant end-user of sleeve labels owing to its vast global market presence.
*Regional Market Overview*
A comprehensive regional analysis indicates that the Asia Pacific region is currently leading the sleeve labels market. Growth within this region is driven by an increasing demand for packaged cosmetic products, stringent labeling regulations, and a rise in consumption of food and beverage products. The report also provides an exploration of market dynamics within other key regions including North America, Europe, Latin America, and the Middle East and Africa.
*Industrial Growth Opportunities and Trends*
The market is witnessing an uptrend in the adoption of innovative sleeve labels with embedded tracking systems such as RFID chips and QR codes. Furthermore, stretch labels are carving out a niche in the market, being favored for their high elasticity. Additionally, customizable and attractive packaging solutions are in higher demand than ever, propelling the global sleeve labels market forward.
*Competitive Landscape Insights*
The competitive landscape review of the global sleeve labels market reveals several key industry players contributing to the market expansion. These players are engaged in vigorous research and development to offer more refined and feature-rich labeling solutions that meet the evolving demands of a diverse set of industries.
*Key Attributes*
*Report Attribute* *Details*
No. of Pages 148
Forecast Period 2023-2032
Estimated Market Value (USD) in 2023 $15.6 Billion
Forecasted Market Value (USD) by 2032 $22.5 Billion
Compound Annual Growth Rate 4.2%
Regions Covered Global
*Companies Featured*
· Amcor PLC
· Avery Dennison Corporation
· Berry Global Inc.
· Bonset America Corporation
· Brook + Whittle Ltd.
· CCL Industries Corp (CCL Industries Inc)
· Eastman Chemical Company
· Fuji Seal International Inc.
· Huhtamaki Oyj
· Klöckner Pentaplast Europe GmbH & Co. KG
· Multi-Color Corporation (Clayton, Dubilier & Rice Inc.)
For more information about this report visit https://www.researchandmarkets.com/r/m53ess
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*Attachment*
· Sleeve Labels Market
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