Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "Sleeve Labels Market by Type, Printing Technology, Application, End Use, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
In 2022, the global sleeve labels market reached a valuation of $14.9 billion. Anticipating continued growth, the market is projected to achieve $19.9 billion by 2028, with a compound annual growth rate (CAGR) of 4.7% during the period from 2023 to 2028. Key drivers of this market include increased demand in the automotive sector for tamper-evident packaging, a rising focus on brand awareness and product visibility, and the adoption of sleeve labels to protect against varying temperature and light conditions.
Sleeve Labels Market Trends
The increased use of sleeve labels to enhance product visibility and brand awareness is a prominent trend driving market growth. Furthermore, the automotive industry's adoption of sleeve labels for tamper-evident packaging of fuel additives, cleaners, and sealants is contributing to market expansion. The popularity of digital printing is also fueling market growth. Sleeve labels equipped with tracking and tracing systems, such as radio-frequency identification (RFID) chips and quick response QR codes, are bolstering the market.
The adoption of stretch labels, which provide high elasticity, offers investment opportunities. The demand for unique, customizable, and attractive packaging solutions, coupled with the adoption of sleeve labels in the F&B sector to comply with labeling regulations, is driving market growth. The use of sleeve labels to protect against varying temperatures and light conditions is further supporting market expansion.
Key Market Segmentation
The global sleeve labels market is analyzed with segmentation based on type, printing technology, application, end-use, and region.
Type Insights:
- Stretch Sleeves
- Shrink Sleeves
Printing Technology Insights:
- Gravure
- Flexographic
- Offset
- Digital
- Letterpress
Application Insights:
- Pressure Sensitive
- Heat Transfer
- In-Mould
- Heat-Shrink
- Stretch and Glue-Applied
End Use Insights:
- Food
- Beverages
- Pharmaceuticals
- Personal Care and Home Care
- Chemicals
- Others
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape
Prominent players in the global sleeve labels market include 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, Klockner Pentaplast Europe GmbH & Co. KG, Multi-Color Corporation (Clayton, Dubilier & Rice, Inc), and more. These companies drive innovation and technological advancements in the sleeve labels market.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 137 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $14.9 Billion |
| Forecasted Market Value (USD) by 2028 | $19.9 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Sleeve Labels Market
6 Market Breakup by Type
7 Market Breakup by Printing Technology
8 Market Breakup by Application
9 Market Breakup by End Use
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/bg15c7
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