What is Global Heat Shrink Labels Market?
The Global Heat Shrink Labels Market is a vast and dynamic sector that encompasses a variety of materials and applications. Heat shrink labels, as the name suggests, are labels that shrink when heat is applied, providing a sleek, tight fit around the product. These labels are widely used in various industries due to their durability, moisture resistance, and ability to conform to any shape. They are typically made from plastic or polymer material and are printed with product information, branding, and other necessary details. The global market for these labels is substantial and continues to grow, driven by increasing demand from various sectors.
PVC, PETG, OPS, PE, PP, COC Films, Others in the Global Heat Shrink Labels Market:
The Global Heat Shrink Labels Market is segmented based on the type of material used, which includes PVC, PETG, OPS, PE, PP, COC Films, and others. PVC, or Polyvinyl Chloride, is a popular choice due to its flexibility, durability, and cost-effectiveness. PETG, or Polyethylene Terephthalate Glycol, is known for its clarity and high shrink percentage. OPS, or Oriented Polystyrene, is a rigid material that offers excellent printability. PE, or Polyethylene, is a versatile material that can be used in a variety of applications. PP, or Polypropylene, is a robust and flexible material that is resistant to chemicals and moisture. COC Films, or Cyclic Olefin Copolymer Films, are known for their high heat resistance and dimensional stability. Other materials are also used based on specific requirements. Each material has its unique properties and advantages, making them suitable for different applications.
Food & Beverage, Pharmaceuticals, Personal Care, Others in the Global Heat Shrink Labels Market:
The Global Heat Shrink Labels Market finds extensive usage in various areas such as Food & Beverage, Pharmaceuticals, Personal Care, and others. In the Food & Beverage industry, these labels are used for packaging a wide range of products, from bottled drinks to canned goods, providing an attractive and durable labeling solution. In the Pharmaceuticals industry, heat shrink labels are used for labeling medicine bottles, ensuring the necessary information is clearly visible and resistant to wear and tear. In the Personal Care industry, these labels are used for packaging products like shampoos, conditioners, lotions, and more, enhancing the product's aesthetic appeal while providing necessary product information. Other industries also utilize heat shrink labels for various packaging needs.
Global Heat Shrink Labels Market Outlook:
The Global Heat Shrink Labels Market outlook is promising. As of 2022, the market was valued at US$ 6270 million and is projected to reach US$ 8739.4 million by 2029, growing at a CAGR of 4.8% during the forecast period 2023-2029. The Asia Pacific region held the largest share of the heat shrink labels sale market in 2020, accounting for about 53% of the total. North America and Europe followed, with a combined market share of 43%. The market is dominated by key manufacturers such as Fuji Seal and CCL Industries, which together held about 18% of the total market share.
| Report Metric | Details |
| Report Name | Heat Shrink Labels Market |
| Accounted market size in 2022 | US$ 6270 in million |
| Forecasted market size in 2029 | US$ 8739.4 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Fuji Seal, CCL Industries, Multi-Color, Klockner Pentaplast, Huhtamaki, Clondalkin Group, Brook & Whittle, WestRock, Hammer Packaging, Yinjinda, Jinghong, Chengxin, Zijiang |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
