The global full container shrink sleeves market is projected to reach a market size of US$ 15.6 billion in 2023 and to reach US$ 29 billion by showing a CAGR of 6.4% from 2023 to 2033.
Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Full Container Shrink Sleeves market’. It has its team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, ands tertiary modes of research.
“The fact that full container shrink sleeves do not need adhesives or heat and are dependent solely on elasticity for holding the shape of the container. Full container shrink sleeves, in comparison with conventional shrink sleeve technology, are all the more efficient, and this is expected to drive the demand in near future.
Shrink sleeve labels do improvise on versatility of putting through brand messages to package the thing. Sleeve label gets attached to container in various ways; right from covering containers’ shoulders to 360-degree body coverage.
Full-body shrink sleeves provide an extra coverage for ascertaining space for colorful and eye-catching designs. The good part is that labeling regulations are being adhered to.
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The full container shrink sleeves do offer flexibility to the manufacturers for personalizing the product shape the way they want to improve on marketing appeal. For instance – twisted shape bottle could be named ‘Twister’. An apple image could be molded on neck of apple juice bottle. Shrink sleeves allow flexibility on the part of graphics for improving bottle design for the objective looked through by brand.
The ongoing trend is that of having digital printers in place; which are used to manufacture micro and small batches along with labeling content. They could also be modified according to the need of product.
Key Takeaways from Full Container Shrink Sleeves market
- The Asia-Pacific holds the largest market share due to full container shrink sleeves increasingly being used in pharmaceutical and food & beverages verticals all across South Korea, India, and China.
- North America holds the second-largest market share with growing application for drugs’ brand protection all across the US.
- Europe holds the third-largest market share on the similar grounds.
- MEA is expected to grow on the back of growing urbanization herein.
Competitively Full Container Shrink Sleeves
- CCL label, in February 2021, did introduce EcoStretch. It comes across as one of the sustainable stretch sleeve alternatives; which could be recycled post-use at Austria-based branch, thereby returning to production process in an entirely closed loop.
- Rani Plast, in September 2020, came up with RaniCollationShrink EcoL. It’s one of the advanced beverage shrink films developed primarily for usage in beverage vertical and does hail from 50% recycled raw material.
Key Global Players of the Full container shrink sleeve market are:
- Berry Global, Inc.
- Hammer Packaging, Inc.
- Paris Art Label Company Inc.
- Avery Dennison Corporation
- Constantia Flexibles
- Klöckner Pentaplast
- Macfarlane Group PLC
Key players in the Asia Pacific region of the Full container shrink sleeve market are:
- Fuji Seal International, Inc.
- Bothra Industries
- Taurus Packaging
- Shenzhen Woer Heat-Shrinkable Material Co Ltd
- Dase-sing Packaging Technology Co. Ltd
- Billion Flex
- Labels & Labelling
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Key Segments of Full Container Shrink Sleeves Market Covered in the Report
Based on the Material:
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polylactic Acid (PLA)
- Others
Based on End-use:
- Food & Beverage
- Pharmaceuticals
- Household
- Personal Care & Cosmetics
- Others
What does the Report Cover?
- The research study is based on material (polyethylene (PE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polylactic acid (PLA), and likewise), and by end-use (food & beverages, pharmaceuticals, household, personal care & cosmetics, and likewise).
- The eco-friendly nature of full container shrink sleeves market is expected to help the full container shrink sleeves market grow at an exponential rate in the forecast period.
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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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