Global Sleeve Labels Market is Representing Annual Gains of 5.2% From 10.6 Bn US$ in 2016 - PMR Forecasts

NEW YORK, August 17, 2016 /PRNewswire/ --

The Persistence Market Research report: Sleeve Labels Market: Global Industry Analysis and Forecast 2016-2024", Global Demand for Sleeve Labels to Reach US$ 16.5 Bn by 2024 and is representing annual gains of 5.2% from 10.6 Bn US$ in 2016. The growing demand for beverage and packaged food will drive advances in the industry.

Sleeve labels are one of the emerging packaging solutions, widely used for labeling purpose. Sleeve labels are broadly categorized into two types: Stretch sleeves and Shrink sleeves. Stretch sleeves are those which adheres to a surface by stretching over it due to its high elasticity whereas shrink sleeves shrinks on a surface tightly on the application of heat. The sleeve labels are estimated to be the fastest growing labeling segment throughout the forecast period, driven by factors such as brand identity, visual on-shelf appeal and cost efficiency.

To view full report overview: http://www.persistencemarketresearch.com/market-research/sleeve-labels-market.asp

The sleeve label market report is categorically split into six sections, based on the product type, end-users, material type, printing technology, printing ink type and regions. Among product type shrink labels are prominent than stretch labels due to its wide applications in consumer goods.  Based on end-use, food & beverage segment stand out among all segments owing to the rising demand for packaged foods. PET-G is expected to be the most preferred material for sleeve labeling over the forecast period. Flexography technology is expected to be the most preferred printing technology among sleeve label manufacturers. Among all the variants of printing ink, solvent based ink is widely used for labeling as it is compatible with most of the printing technology such as flexography, gravure and digital printing.

Asia-Pacific is expected to dominate the sleeve labels market gaining 553 BPS by the end of the forecast period, and is estimated to register the highest CAGR of 6.2%. This trend is attributed to the mounting demand for beverage and packaged food China, India and ASEAN countries. Furthermore, growth in manufacturing sector and increased consumer spending power are the key drivers of sleeve labels in this region. North America though a developed market with multiple market players, is expected to gain momentum in the later phase of the forecast period with future investments in the manufacturing sectors. Mature market of Europe is anticipated to witness uneven growth throughout the forecast period. Moreover, Latin America and MEA sleeve labels markets are expected to register sluggish growth, all over the forecast period.

Request Sample Report: http://www.persistencemarketresearch.com/samples/9854

Globally the major players in Sleeve Labels are CCL Industries, Fuji Seal International, Inc., DOW Chemicals, Berry Plastics Group, Inc., Macfarlane Group PLC, Huhtamaki Oyj and Klockner Pentaplast.

Download Report Table of Content, Figures, and Tables: http://www.persistencemarketresearch.com/market-research/sleeve-labels-market/toc

About Us: 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com

Web: http://www.persistencemarketresearch.com
Blog:https://pmrblog.com

SOURCE Persistence Market Research Pvt. Ltd.