PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608727
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608727
The sleeve labels market is estimated to be valued at USD 16.35 Bn in 2024 and is expected to reach USD 23.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | 16.35 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.30% | 2031 Value Projection: | 23.43 Bn |
The sleeve labels market has seen significant growth over the past few years driven by the expanding flexible packaging industry. Sleeve labels provide essential product information and branding functions for consumer products. Used extensively in the food and beverage industry, these versatile labels can be printed on a variety of substrates using various printing technologies. Rising demand from sectors such as alcoholic and non-alcoholic beverages, personal care, and household products has supported the growth of the sleeve labels market globally. Innovation in label materials allowing for environment-friendly options has further boosted popularity of sleeve labels among manufacturers. Looking ahead, sophistication in printing and growing preference for premium packaging solutions are expected to propel the sleeve labels market forward.
The sleeve labels market growth is driven by factors such as growing demand from the food and beverage industry, innovation in label materials, and preference for premium and attractive packaging solutions. Rising health-consciousness among consumers has boosted the packaged food and beverage industry significantly. Sleeve labels are indispensable for product branding and marketing in this industry. Innovation in labeling materials allowing bio-based, recyclable, and compostable label options is supporting market growth. However, stringent regulations around labeling claims and materials act as a restraint. Availability of alternatives such as pressure-sensitive and shrink-sleeve labels also poses a challenge. That said, opportunities lie in personalization and serialization capabilities of sleeve labels attracting new end-use verticals. Advancements in digital printing technologies are further extending the applications of sleeve labels.
Key Features of the Study
This report provides in-depth analysis of the global sleeve labels market and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global sleeve labels market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Bemis Manufacturing Company, Avery Dennison Corporation, Berry Global Inc., Cenveo Worldwide Limited, Constantia Flexibles, Intertape Polymer Group, Eastman Chemical Company, Walmart, Unilever, Nestle, Procter & Gamble, and PepsiCo
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global sleeve labels market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sleeve labels market