Major Players

The demand for shrink sleeve labels is growing significantly in the Asia-Pacific market owing to judicious consumption and reduced wastage of products, and the proliferation of the packaging industry. A shrink sleeve is a full-body label that shawls around the entireness of a container, offering a 360-degree branding and messaging of the product. Shrink sleeve labels are a comparatively new version of labels and are instantaneously gaining more popularity among various product packaging companies. Shrink sleeves are printed on a digital or flexographic press, with a transcript on the inner side of the shrink sleeves, then, later, glided over a container and tightened using the heat shrinking method. The label then imitates the surface of the container.

The Asia-Pacific shrink sleeve label market is projected to grow at 5.49% CAGR during the forecast period, 2021–2030. In 2020, the shrink sleeve label market was dominated by China with a 47.74% share, followed by India & Southeast Asia with shares of 15.05% and 9.78%, respectively. The growth in the demand for shrink sleeve labels in Asia is mainly driven by the increasing demand for judicious consumption in pharmaceuticals, homecare products, and the food & beverage industry, and the rise in the use of packaging solutions in various applications. Moreover, the use of shrink sleeve labels enables rigid liners to add an “environmentally friendly” tag to the organization. These factors can further create growth opportunities for the market in Asia. However, the rise in the adoption of plastic packaging can hamper the growth of the regional market.

Market Segmentation

The Asia-Pacific shrink sleeve label market has been segmented based on type, printing technology, material, application, and country. Based on type, the Asia-Pacific shrink sleeve label market has been segmented into stretch and shrink. The shrink segment is expected to grow at 5.56% during the forecast period. In 2020, the shrink segment held a share of 81.07% of the Asia-Pacific shrink sleeve label market.

Based on printing technology, the Asia-Pacific shrink sleeve label market has been segmented into gravure, flexography, digital, and others. The digital segment is expected to grow at 7.33% during the forecast period. In 2020, the gravure segment held a 42.41% share of the Asia-Pacific shrink sleeve label market.

Based on material, the Asia-Pacific shrink sleeve label market has been segmented into PVC, PET G, PE, PLA, EPS, and others. The PLA segment is expected to grow at 7.91% during the forecast period. In 2020, the PVC segment held a 33.08% share of the Asia-Pacific shrink sleeve label market.

Based on application, the Asia-Pacific shrink sleeve label market has been segmented into food & beverages, personal care, pharmaceutical, homecare, and others. The personal care segment is expected to grow at 5.89% during the forecast period. In 2020, the food & beverages segment held a 35.35% share of the Asia-Pacific shrink sleeve label market.

Major Players

Berry Plastics Group Inc., The DOW Chemical Company, Avery Dennison Corporation, Huhtamaki OYJ, Fuji Seal International Inc., CCL Industries, and Klockner Pentaplast are some of the other key players operating in the Asia Shrink Sleeve Labels market.

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TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
1.1.1 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY TYPE
1.1.2 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY
1.1.3 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY MATERIAL
1.1.4 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY APPLICATION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 JUDICIOUS CONSUMPTION AND REDUCED WASTAGE OF PRODUCTS
4.2.2 PROLIFERATION OF THE PACKAGING INDUSTRY
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 GOVERNMENT NORMS AGAINST PLASTIC PACKAGING
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 RECYCLING CHALLENGES WITH RELEASE LINERS
4.5 COVID-19 IMPACT ANALYSIS
4.5.1 ECONOMIC IMPACT
4.5.1.1 IMPACT ON THE OVERALL PACKAGING INDUSTRY
4.5.2 IMPACT ON NORTH AMERICA SHRINK SLEEVE LABELS MARKET
4.5.2.1 IMPACT ON THE SUPPLY CHAIN
4.5.3 IMPACT ON MARKET DEMAND
4.5.4 IMPACT ON PRICING
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLY
5.1.2 MANUFACTURE & ASSEMBLY
5.1.3 DISTRIBUTION
5.1.4 END USE
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 BARGAINING POWER OF BUYERS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 RIVALRY
6 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE
6.1 OVERVIEW
6.1.1 STRETCH
6.1.2 SHRINK
7 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY
7.1 OVERVIEW
7.1.1 GRAVURE
7.1.2 FLEXOGRAPHY
7.1.3 DIGITAL
7.1.4 OTHERS REMAINING TECHNOLOGY
8 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY MATERIAL
8.1 OVERVIEW
8.1.1 PVC
8.1.2 PET G
8.1.3 PE
8.1.4 PLA
8.1.5 EPS
9 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY APPLICATION
9.1 OVERVIEW
9.1.1 FOOD & BEVERAGES
9.1.2 PERSONAL CARE
9.1.3 PHARMACEUTICALS
9.1.4 HOME CARE
9.1.5 OTHERS (CONSUMER ELECTRONICS ETC)
10 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY COUNTRY
10.1 OVERVIEW
10.1.1 ASIA-PACIFIC SHRINK SLEEVE LABEL MARKET, BY REGION, 2019–2030
10.2 CHINA
10.2.1 CHINA: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.2.2 CHINA SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.2.3 CHINA SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.2.4 CHINA SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
10.3 JAPAN
10.3.1 JAPAN: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.3.2 JAPAN SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.3.3 JAPAN SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.3.4 JAPAN SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
10.4 INDIA
10.4.1 INDIA: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.4.2 INDIA SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.4.3 INDIA SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.4.4 INDIA SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
10.5 AUSTRALIA
10.5.1 AUSTRALIA: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.5.2 AUSTRALIA SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.5.3 AUSTRALIA SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.5.4 AUSTRALIA SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
10.6 NEW ZEALAND
10.6.1 NEW ZEALAND: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.6.2 NEW ZEALAND SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.6.3 NEW ZEALAND SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.6.4 NEW ZEALAND SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
10.7 SOUTH KOREA
10.7.1 SOUTH KOREA: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.7.2 SOUTH KOREA SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.7.3 SOUTH KOREA SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.7.4 SOUTH KOREA SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
10.8 SOUTHEAST ASIA
10.8.1 SOUTHEAST ASIA: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.8.2 SOUTHEAST ASIA SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.8.3 SOUTHEAST ASIA SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.8.4 SOUTHEAST ASIA SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
10.9 REST OF APAC
10.9.1 REST OF APAC: SHRINK SLEEVE LABEL MARKET, BY PRODUCT TYPE, 2019–2030
10.9.2 REST OF APAC SHRINK SLEEVE LABEL MARKET, BY PRINTING TECHNOLOGY TYPE, 2019–2030
10.9.3 REST OF APAC SHRINK SLEEVE LABEL MARKET, BY MATERIAL TYPE, 2019–2030
10.9.4 REST OF APAC SHRINK SLEEVE LABEL MARKET, BY APPLICATION TYPE, 2019–2030
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 COMPETITIVE BENCHMARKING
11.3 MARKET SHARE ANALYSIS
11.3.1 ASIA SHRINK SLEEVE LABELS MARKET SHARE ANALYSIS, 2020 (% SHARE)
11.4 KEY DEVELOPMENTS IN THE ASIA SHRINK SLEEVE LABELS MARKET
11.4.1 PRODUCT LAUNCH
11.4.2 COLLABORATION
12 COMPANY PROFILES
12.1 BERRY PLASTICS GROUP INC.
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 PRODUCTS OFFERED
12.1.4 KEY DEVELOPMENTS
12.1.5 SWOT ANALYSIS
12.1.6 KEY STRATEGIES
12.2 THE DOW CHEMICAL COMPANY
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 PRODUCTS OFFERED
12.2.4 KEY DEVELOPMENTS
12.2.5 SWOT ANALYSIS
12.2.6 KEY STRATEGIES
12.3 AVERY DENNISON CORPORATION
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 PRODUCTS OFFERED
12.3.4 KEY DEVELOPMENTS
12.3.5 SWOT ANALYSIS
12.3.6 KEY STRATEGIES
12.4 HUHTAMAKI OYJ
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 PRODUCTS OFFERED
12.4.4 KEY DEVELOPMENTS
12.4.5 SWOT ANALYSIS
12.4.6 KEY STRATEGIES
12.5 FUJI SEAL INTERNATIONAL, INC.
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 PRODUCTS OFFERED
12.5.4 KEY DEVELOPMENTS
12.5.5 SWOT ANALYSIS
12.5.6 KEY STRATEGIES
12.6 CCL INDUSTRIES
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 PRODUCTS OFFERED
12.6.4 KEY DEVELOPMENTS
12.6.5 SWOT ANALYSIS
12.6.6 KEY STRATEGIES
12.7 KLOCKNER PENTAPLAST
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 PRODUCTS OFFERED
12.7.4 KEY DEVELOPMENTS
12.7.5 SWOT ANALYSIS
12.7.6 KEY STRATEGIES

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