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    Breaking News

    Global sleeve labels market to reach $18.6 billion by 2027

    Expanding personal care and cosmetic industry is projected to show lucrative growth opportunity to the market of sleeve labels.

    Related CONTENT
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    • ABG delivers Digicon Series 3 to UK printer
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    L&NW Staff10.27.20
    The global Sleeve labels market is estimated to value over than $18.6 billion in terms of value by the end of 2027 and it predicted to grow at a CAGR of 5.4% during the forecast period of 2019 to 2027, according to Coherent Market Insights market study.

    Growing focus of manufacturer on product differentiation in order to retain and expand their market presence is a prime factor fueling the market growth of sleeve labels. The packaging is one of the major aspects of promoting the brand and this factor is expected to foster the market growth of sleeve labels over the forecast period. Sleeve labels are gaining huge demand from fast moving consumer goods (FMCG) brands. Therefore, rising the focus of players on product differentiation will propel the market growth of sleeve labels over the forecast period.

    Expanding personal care and cosmetic industry is projected to show lucrative growth opportunity to the market of sleeve labels. According to the LoudCloudHealth.com, the cosmetic industry is growing faster today than ever before with an estimated market value of almost US$ 805 billion by 2023. It is expected to grow at a compound annual growth rate (CAGR) of 7.14% from 2018 to 2023. Therefore, the growing personal care industry will favor market growth over the forecast period.

    Growing competition from China-based sleeve labels manufacturers as sleeve label manufacturers presence is increasing China due to which international players are experiencing stiff competition from these players. This factor is expected to restrict the market growth. According to the Coherent Market Insights, China-based sleeve label manufacturers quote 15% to 20% lower prices than those quoted by established players in the market. This factor is negatively affecting the market growth of the sleeve label.

    On the basis of End-use, the food & beverages dominated the global Sleeve labels market in 2018 with a 65.0% of market share in terms of value, followed by health care and personal Care, respectively.

    Market Trends
    According to  Coherent Market Insights research, the growing focus of manufacturers to introduce innovative sleeve labels will positively impact the market growth over the forecast period. For instance, in June 2019, Indian film manufacturer, Garware Polyester, has launched medium shrink and low shrink force PET shrink films. These films can be used as a replacement for PVC shrink films. Hence, such innovation in the sleeve label is projected to propel the market growth over the forecast period.

    The rising number of partnerships and agreement among major players in order to expand their market presence is expected to foster the market growth of the sleeve label. For instance, in March 2018, Jindal Packing Machinery factory China partnered with Weldon Celloplast Ltd to promote the sale of a range of post-printing flexible packaging and finishing equipment. Products offered by Jindal include shrinking label/sleeve seaming machine with the plateless system, shrink sleeve inspection machine and shrink sleeve cutting machine.
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      FTA converts Forum & INFOFLEX to virtual events

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      Xeikon launches two new digital label printing presses

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      The Xeikon CX30 and Xeikon CX50 are based on Cheetah 2.0 technology with new generation interfaces and cloud connection.
      Greg Hrinya, Editor 02.26.21

    • India
      UFlex adds capacity in packaging films

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      The company has witnessed a surge in demand for multiple lines of businesses while also adding newer clients.
      Greg Hrinya, Editor 02.25.21


    • Digital Printing | North America
      CEC expands into labels and packaging with Heidelberg

      CEC expands into labels and packaging with Heidelberg

      With a strong focus on growth in the packaging and label segments, CEC decided to invest in a new Versafire EP.
      Greg Hrinya, Editor 02.25.21

    • Europe | Finishing
      ABG delivers Digicon Series 3 to UK printer

      ABG delivers Digicon Series 3 to UK printer

      The move will provide the privately-owned Print-Leeds with added impetus to target the self-adhesive label market.
      02.25.21

    • Ink and Coatings | North America
      C&A debuts bitter tasting coating line for labels and packaging

      C&A debuts bitter tasting coating line for labels and packaging

      Deter BT is a specialized coating series that imparts a bitter taste to coated products to deter children from chewing or eating packaging components.
      Greg Hrinya, Editor 02.25.21


    • Finishing
      Tecnocut unveils new diecutting unit

      Tecnocut unveils new diecutting unit

      The Pit Stop diecutting unit features a die-cylinder change in a matter of seconds, the company says.
      Greg Hrinya, Editor 02.25.21

    • Digital Printing | Europe
      DTM Print announces Mac compatibility

      DTM Print announces Mac compatibility

      The LX610e Pro and LX600e color label printers will now operate with Windows- or Mac-based computers.
      Greg Hrinya, Editor 02.25.21

    • Flexible Packaging
      S-OneLP adds to growing team

      S-OneLP adds to growing team

      The company – both in the Americas and EMEA regions – has team members in sales, marketing and customer service.
      Steve Katz 02.25.21


    • North America
      Avery Dennison expands automotive portfolio

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      The adhesives from Avery Dennison Performance Tapes support more than 25 vehicle applications.
      Greg Hrinya, Editor 02.25.21

    • Finishing
      Amberley Labels turns to Kurz for embellishments

      Amberley Labels turns to Kurz for embellishments

      The Kurz DM-Jetliner is integrated within an HP Indigo 6000 series press to offer seamless inline digital foiling.
      Greg Hrinya, Editor 02.25.21

    • Digital Printers & Presses | North America
      Dantex set to install first PicoJet digital press in US

      Dantex set to install first PicoJet digital press in US

      The PicoJet digital UV inkjet press is destined for New Jersey-based Beau Label in spring 2021.
      Greg Hrinya, Editor 02.25.21


    • Digital Printing | North America
      Epson hosting workshop at Natural Products Expo virtual event series

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      Experts from Epson and BarTender by Seagull Scientific will cover in-house labeling, prototyping and designing compliant labels.
      Greg Hrinya, Editor 02.25.21

    • Ink and Coatings | North America
      INX International providing relief to Texas

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      INX and CannedWater4Kids (CW4K) have joined forces to send a rush delivery of CW4K premium drinking water packed in 16-ounce aluminum bottles.
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    • North America
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