The can sleeves market is anticipated to record at a healthy CAGR of 6.3% through 2032.
The can sleeves are used by hotel & restaurants, cafes, offices, and others. The neoprene can sleeves can be reused and are durable which increases the attractiveness of sleeves among the users. Also, the neoprene can sleeves are slow in heat conduction which keeps the can cool for few hours.
The customizable feature makes it popular among the end-user. The increasing consumption of beverage products such as soft drink, energy drink, alcoholic drink and others directly impact the can sleeves market. Considering the various eye-catching benefits of can sleeves, the market for can sleeves is projected to show a sharp rise during the forecasted period.
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What the Key Drivers Influencing the Adoption are of Can Sleeves?
“The can sleeves’ durability and reusability are two of the most important elements in their increased adoptive rate. Due to its slow heat conduction characteristic, the can sleeves are critical in keeping the beverage chilled, thereby keeping its adoption rate high.”
The can sleeves solves the problem of a hand getting wet and freezing due to coldness as can could be held using it. The beer cooler sleeve are best for holding cans at social and public events. Some of the can sleeves are eco-friendly which adds to the benefit of can sleeves.
The can sleeves are highly insulated and can be customized as per the requirement. Also, the can sleeves are used as a promotional and packaging tool to advertise the logo and the brand name on the cans. On the back of all these factors, the demand for can sleeves is anticipated to propel in the foreseeable period.
Which Segment in the Global Can Sleeves Market is Lucrative?
“PVC polymer film will account for the highest share among the other categories, holding abundant opportunities for the can sleeves market.”
The millennials are the major segment that consumes the beverage products such as soft drink, energy drink, alcoholic drink, and others. The silicone beer can cover makes the can look attractive and eye-catching which attracts the millennials.
Other benefits such as slow heat conduction as well as customizable draw the attention of millennials towards silicone beer can cover.
Also, the can sleeves helping to hide the identity of the drink at the social or public event hits the mind of millennials which promote them to purchase the can sleeves. Thus, the increasing consumption of beverage among millennials augments the sales of can sleeves.
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Which is the Prominent Can Sleeves Market?
“China leads the East Asian market and is predicted to grow as the fastest can sleeves market between 2022 and 2032.”
The United States have a large number of people consuming beverages neatly packed in silicone beer can cover. The rising number of consumers of beverage product pushes the demand for can sleeves in the United States.
Also, the major beverage manufacturing players having their presence in the United States contribute towards the growth of the can sleeves market.
The non-alcoholic beverage market in India is rising at a faster pace which will impact the market growth of can sleeves. Also, the large number of millennials consuming soft drink will help to bolster the sales of can sleeves in India. Attraction towards using trendy and attractive products in millennials will drive the can sleeves market in India.
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Key Segments
Market Analysis
- US$ Bn for Value
By Product
- Shrink Sleeves
- Neoprene Sleeves
- Silicone Sleeves
By Material
- Plastic
- Rubber
By Functionality
- Magnetic
- Non-Magnetic
By End Users
- Hotels & Restaurants
- Food Service Outlets
- Corporate Offices
- Airport & Theatres
- Others
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
By Competitors
- Kinsbrae Group Inc.
- U.S. Poly Enterprise
- Xiamen Horison Trading Co.Ltd.
- Jin Sheu Enterprise Co.Ltd.
- Yiwu Chuangning Arts & Crafts Co.Ltd
- Coolie nation
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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