Global Industrial Heat Shrink Labels Market Size To worth USD 2.95 Billion by 2033 | CAGR of 6.51%
Category: Chemicals & MaterialsGlobal Industrial Heat Shrink Labels Market Size To worth USD 2.95 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Industrial Heat Shrink Labels Market Size is Expected to Grow from USD 1.57 Billion in 2023 to USD 2.95 Billion by 2033, at a CAGR of 6.51% during the forecast period 2023-2033.
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Browse key industry insights spread across 236 pages with 121 Market data tables and figures & charts from the report on the "Global Industrial Heat Shrink Labels Market Size, Share, and COVID-19 Impact Analysis, By Product Type (PVC, PETG, OPS, PE, and Others), By Application (Food & Beverage, Pharmaceuticals, Personal Care, Industrial Goods, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/industrial-heat-shrink-labels-market
The global industrial heat shrink labels market includes the companies that produce, distribute, and use heat shrink labels for industrial packaging and identification. Heat shrink labels are sleeve labels made from polymers like PVC, PETG, OPS, or PLA that shrink tightly around a product or container when heated. Because of their durability, tamper-proofing, and 360-degree branding capabilities, these labels are widely utilized in a range of industries, including food and beverage, pharmaceuticals, personal care, chemicals, and industrial products. Furthermore, the increased demand for safe and tamper-evident packaging in industries such as pharmaceuticals, chemicals, and food and beverage is a primary driver. These labels produce a tight seal, ensuring product integrity and reducing the risk of counterfeiting. Furthermore, strict regulatory requirements for labeling and packaging, particularly in enterprises dealing with hazardous products and industrial items, fuel market expansion. Compliance with safety and traceability criteria encourages the use of heat shrink labels. However, the increased legislative desire to reduce plastic waste and promote sustainable packaging solutions poses a problem for businesses.
The PVC segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product type, the industrial heat shrink labels market is divided into PVC, PETG, OPS, PE, and others. Among these, the PVC segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. PVC (polyvinyl chloride) is one of the most used materials for heat shrink labels because of its low cost and great shrinkage qualities. PVC labels are clear and durable, making them suited for a wide range of applications, including food, beverage, and medicines.
The food & beverage segment accounted for the majority of the share in 2023 and is estimated to grow at a substantial CAGR during the projected timeframe.
Based on the application, the industrial heat shrink labels market is divided into food & beverage, pharmaceuticals, personal care, industrial goods, and others. Among these, the food & beverage segment accounted for the majority of the shares in 2023 and is estimated to grow at a substantial CAGR during the projected timeframe. This is due to the increasing demand for visually appealing, long-lasting, and tamper-proof packaging. These labels provide 360-degree branding, moisture resistance, and high-quality printing, making them ideal for beverages, packaged goods, and dairy products. Furthermore, legal requirements for food safety and traceability promote adoption while ensuring label compliance.
Asia-Pacific is estimated to hold the largest share of the industrial heat shrink labels market over the forecast period.
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Asia-Pacific is estimated to hold the largest share of the industrial heat shrink labels market over the forecast period. Rapid industrialization and urbanization in countries like China, India, and Japan are driving up demand for packaged goods, emphasizing the significance of effective labeling solutions. The expanding middle class and rising disposable incomes in these countries are pushing up consumer spending on food and beverages, personal care, and pharmaceuticals, hastening market expansion.
North America is predicted to have the fastest CAGR growth in the industrial heat shrink labels market over the forecast period. Stringent regulatory standards, notably in the food and beverage, pharmaceutical, and chemical industries, are driving demand for long-lasting and tamper-proof labeling. The increased popularity of packaged and labeled products creates a demand for high-quality, 360-degree branding solutions. Furthermore, technological advancements in digital printing and sustainable shrink films like as PETG and PLA align with the region's strong sustainability efforts.
Major key players in the Industrial Heat Shrink Labels market include Berry Global, Inc., Multi-Color Corporation, Fuji Seal International, Inc., Brady Corporation, Huhtamaki Oyj, Klockner Pentaplast Group, Constantia Flexibles Group GmbH, Avery Dennison Corporation, Fort Dearborn Company, Cenveo, Inc., CCL Industries Inc., Hammer Packaging Corporation, Clondalkin Group Holdings B.V., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In November 2020, Superior Products has announced an enhanced process and labeling system for flexible and rigid high-pressure hoses. The new heat shrinks tube label, produced on the Cab Squix 4M printer, comprises the component number and description, date of manufacture, and traceable lot number.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the industrial heat shrink labels market based on the below-mentioned segments:
Global Industrial Heat Shrink Labels Market, By Product Type
- PVC
- PETG
- OPS
- PE
- Others
Global Industrial Heat Shrink Labels Market, By Application
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Industrial Goods
- Others
Global Industrial Heat Shrink Labels Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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