Global Shrink Sleeve Applicator Market Size (2024 - 2029)

The global shrink sleeve applicator market is experiencing growth driven by the increasing production demands in the pharmaceutical, food, beverage, and personal care industries, which necessitate efficient labeling solutions. The market size is influenced by the need for high-speed, cost-effective packaging machinery that ensures quality output, with technological advancements playing a crucial role in this demand. The shift towards fully automated and mechanized equipment, capable of reducing waste and handling various container types, further propels the market. Despite challenges such as high installation costs and the need for eco-friendly labels, the market is expected to expand, particularly due to the rising demand for packaged foods and the essential nature of food and pharma businesses highlighted during the COVID-19 pandemic.

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Market Size of Global Shrink Sleeve Applicator Industry

Global Shrink Sleeve Applicator Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.71 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Low

Major Players

Global Shrink Sleeve Applicator Market Major Players

*Disclaimer: Major Players sorted in no particular order

Shrink Sleeve Applicator Market Analysis

The Global Shrink Sleeve Applicator market is expected to register a CAGR of 4.71% over the forecast period from 2022 to 2027. Consistently rising production output from pharmaceutical, food, beverage, and personal care industries led manufacturers across the globe to utilize and adopt shrink sleeve label applicators for labeling purposes on bottles.

Shrink Sleeve Applicator is used for smooth, high speed, and efficient operations output. Shrink Sleeve applicators are very time efficient, giving a high-performance product range ensuring minimal cost with high-quality output using technology. Technological advancement related to packaging machinery is one of the crucial factors that propel the demand for shrink sleeve label applicators in the market.

Manufacturers promote and brand the packaged product with high quality and attractive labeling. This trend leads to an upsurge in demand for packaging machinery, which can efficiently achieve this goal. The shrink sleeve applicators are one of the best options to achieve this goal of manufacturers.

The rising demand for fully mechanized and automated equipment that can eliminate wastage and the versatility of handling glass and plastic containers are among the key drivers to propel the market in the future.

The COVID-19 outbreak caused significant disruption in the supply chain in the labeling and packaging industry and has affected the demand and supply chain. However, governments worldwide have deemed food and pharma-related businesses essential to offset the effects of covid 19 on the market. Changing trends to adapt packaged food because of hygiene will increase the demand for shrink sleeve applicators in the forecast period.

The shrink sleeve applicator market has been facing challenges like higher installation costs of machinery and new technological innovation with the use of cutting edge technologies in automation like plc, SCADA, and HMI in manufacturing units, and increasing trends towards eco-friendly labels soon may offset the market for the vendors.

Shrink Sleeve Applicator Industry Segmentation

The Shrink Sleeve Applicator Market is segmented by Equipment Type, End-user Vertical, and Geography. The shrink sleeve applicator, also known as heat shrink sleeving labeler, has specifically been designed to make packaging systematic and enhance labeling performance as pack per minute ratios. The shrink sleeve applicators are used in different industries like food, cosmetics, pharmaceuticals, etc.

By Equipment Type
Semi-automated & Manual
Automated
By End-user Vertical
Hard FM
Soft FM
By End-User
Food
Beverage
Pharmaceutical
Personal care & Cosmetics
Industrial (Chemicals & Automotive)
By Geography
North America
Europe
Asia-Pacific
Middle-East and Africa
Rest of the World
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Global Shrink Sleeve Applicator Market Size Summary

The global shrink sleeve applicator market is poised for steady growth, driven by increasing production demands in the pharmaceutical, food, beverage, and personal care sectors. These applicators are favored for their efficiency and high-speed operations, offering manufacturers a cost-effective solution with high-quality output. The market is further propelled by technological advancements in packaging machinery, which enhance the appeal and branding of packaged products. The demand for fully mechanized and automated equipment, capable of handling both glass and plastic containers, is a significant driver of market expansion. Despite challenges such as high installation costs and the need for eco-friendly labels, the market continues to thrive, particularly in the context of evolving hygiene standards and regulatory requirements in food packaging.

The shrink sleeve applicator market is characterized by a competitive and fragmented landscape, with numerous domestic and international players striving to meet the growing demand. Strategic initiatives such as collaborations, joint ventures, and acquisitions are common as companies seek to enhance their market position. The market's growth is supported by regulatory frameworks that mandate quality packaging and labeling, particularly in the food sector, ensuring product safety and compliance with customs regulations. The European Union's robust agri-food trade, driven by sustainable and high-quality product labeling, further bolsters the market. Recent investments and expansions by key industry players underscore the ongoing commitment to meeting the increasing demand for efficient and effective packaging solutions.

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Global Shrink Sleeve Applicator Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Assessment of Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Equipment Type

      1. 2.1.1 Semi-automated & Manual

      2. 2.1.2 Automated

    2. 2.2 By End-user Vertical

      1. 2.2.1 Hard FM

      2. 2.2.2 Soft FM

    3. 2.3 By End-User

      1. 2.3.1 Food

      2. 2.3.2 Beverage

      3. 2.3.3 Pharmaceutical

      4. 2.3.4 Personal care & Cosmetics

      5. 2.3.5 Industrial (Chemicals & Automotive)

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 Middle-East and Africa

      5. 2.4.5 Rest of the World

Global Shrink Sleeve Applicator Market Size FAQs

The Global Shrink Sleeve Applicator Market is projected to register a CAGR of 4.71% during the forecast period (2024-2029)

Krones AG, Fujiseal International, Pack Leader Machinery Inc., Axon Corporation and Sleever International are the major companies operating in the Global Shrink Sleeve Applicator Market.

Global Shrink Sleeve Applicator Report Snapshots

Global Shrink Sleeve Applicator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)