Expected to reach a market value of US$ 15.6 billion in 2023, the global full container shrink sleeves market is poised for substantial growth, with a projected CAGR of 6.4% from 2023 to 2033. The market is set to achieve a robust valuation of US$ 29 billion during the forecast period, driven by escalating demand for innovative packaging solutions. As businesses increasingly recognize the branding and marketing benefits of full container shrink sleeves, the market reflects a dynamic landscape responding to the evolving needs of diverse industries, including beverages, cosmetics, and pharmaceuticals, seeking enhanced packaging appeal and product differentiation.
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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.