The growing number of choices available for the customers for choosing products indirectly causing manufacturers difficulty in differentiating the product with competitors. Hence packaging especially sleeve labels play prominent role in product visibility. It also helps in improving the aesthetic appearance of product. This is primarily beneficial to the manufactures who want their products to be easily recognizable and attractive. The changing consumer habits and growing inclination towards packaged goods is estimated to be the key reason for the growth of global sleeve label packaging. The wide application sector such food and beverages, pharmaceutical, cosmetics, home care and personal care products and increasing product categories within the mentioned application sector are the factors which are estimated to affect the growth of the global sleeve label market.
The major driver for the global sleeve label market is the growing demand for packaged food and beverages and rapidly increasing number of products in the packaged food segments. Growing inclination of consumers towards packaged foods and beverages is estimated to benefit the global sleeve label market. Another major driver for the global sleeve label market is the growing cosmetic and personal care industry. The desire for better personality and physical appearance are the major factors in the growth of the cosmetic and personal care market which is anticipated to drive the global sleeve label market. Pharmaceutical is also an important growth contributor in the global sleeve label market.
The advantage such as better brand identity, improved product visual presence and superior marketing opportunity is estimated to drive the global sleeve label market. On the other hand global sleeve label market is becoming fragmented which is estimated to push the global sleeve label industry to operate under tough competition.
The opportunity for the global sleeve label market lies in providing innovative solution for the manufactures. The sleeve market is estimated to have huge opportunities in producing recyclable products with low cost structure. The sleeve label market is estimated to have vast opportunity in digital sleeve labels.
The global sleeve label market is segmented on the basis of type, application method, materials, end use sector and geography. On the basis of type the global sleeve label market is segmented into Shrink and stretch labels. The shrink sleeve label is estimated to lead the global sleeve label market due to its ease in application. Global sleeve label market is segmented on the basis of application method into Pressure Sensitive, Heat Transfer, In-Mold, Heat-Shrink & Stretch and Glue-Applied. On the basis of material the global sleeve label market is segmented into paper, plastic and others. On the basis of end use application sector the global sleeve label market is segmented into food and beverages, Cosmetics and personal care, Home Care, Industrial goods and others. The food and beverages end use sector is estimated to be the largest contributor in terms of value and volume for the global sleeve label market.
On the basis of geography the global sleeve label market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America. Europe is estimated to be the largest market for the global sleeve label market. Asia pacific followed by Europe is estimated to be the fastest growing market. The growing urban population and increasing per capita expenditure are estimate to be the major factors in the growth of Asia pacific sleeve label market. Followed by Asia Pacific, North America is estimated to grow in global sleeve label market. The rapidly growing economies in Middle East and Africa is also estimated to show a significant growth in the global sleeve label market.
Some of the key players in the global sleeve label market are Avery Dennison Corporation., Accraply, Inc., TAGHLEEF INDUSTRIES GROUP, Bonset America Corporation, Eastman Chemical Company, Esko-Graphics bvba, Flint Group, CCL Industries, SleeveCo, Inc. and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.