Shrink Sleeve Label Applicator Market Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The global shrink sleeve label applicator market is experiencing substantial growth, with an estimated size of US$ 1,949.6 million by 2033, driven by a steady CAGR of 5.3%. In 2023, the market is expected to reach US$ 1,163.2 million. Notably, the food and beverages segment played a significant role, generating US$ 614 million in revenue in 2022, as per Future Market Insights’ analysis.

Several factors contribute to this market’s success. Shrink sleeve label applicators are extensively deployed in the food and beverages industry to label various packaging formats, especially those prone to moisture and friction. The industry’s demand for high-volume labeling has led to the emergence of new labeling technologies, with manufacturers constantly innovating to meet these demands.

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Additionally, there is a growing emphasis on product branding through packaging and labeling, driving the adoption of shrink-sleeve label applicators with cutting-edge capabilities. Manufacturers are also focusing on creating applicators that are low maintenance, cost-efficient, and versatile for a range of labeling needs in various end-use industries.

India is expected to be a significant growth driver with a CAGR of 6.7%, and Europe is set to retain a prominent share of the global shrink sleeve label applicator industry. These trends underscore the industry’s dynamism and its pivotal role in modern packaging solutions.

Technological advances in the market are projected to be a vital factor fueling industry development. In addition to this, labeling has become a crucial part of product branding and promotion. Due to this, manufacturers are increasingly deploying packaging machinery to achieve these purposes. Shrink sleeve label applicators are one such piece of equipment that makes this goal possible for manufacturers.

Important Highlights: 

  • Amongst end-use industries, the beverage industry is estimated to invest the most in the shrink sleeve label applicator packaging, owing to its rising popularity
  • According to product type, Labelling speeds over 600 BPM is estimated to gain importance in the future, showing a CAGR of more than 5.5%, because manufacturers are depending upon quick packaging strategies.
  • China is estimated to hold the major industry valuation with a CAGR of 5.9% during the estimated period, owing to its huge growth in the beverage industry.
  • Germany remains the most lucrative market in Europe during the projected years because industry growth is supported by rising sustainability concerns amongst manufacturers and consumers alike.

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Market by Category:

By Automation:

  • Semi-Automatic
  • Automatic

By Labelling Speed:

  • Up to 200 BPM
  • 200 BPM to 400 BPM
  • 400 BPM to 600 BPM
  • Above 600 BPM

By Container Diameter:

  • Up to 50 mm
  • 50 to 100 mm
  • 100 mm to 150 mm
  • Above 150 mm

By End Use Industry:

  • Food
  • Beverages
  • Pharmaceutical
  • Chemical & Fertilizers
  • Cosmetics & Personal Care
  • Construction
  • Automotive
  • Other Consumer Goods

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • The Middle East and Africa (MEA)
  • Oceania