The global Shrink Sleeve Label Applicator Market size is estimated to reach USD 1,949.6 million by 2033, expanding at a CAGR of 5.3%. The market is projected to be valued at USD 1,163.2 million in 2023.
In the shrink sleeve label applicator market, the food and beverages segments collectively generated revenue of USD 614 million in 2022, according to the annual market analysis conducted by Future Market Insights.
Based on the country, India is projected to pace at a significant CAGR of 6.7% over the estimated period, as per the latest FMI estimates. Europe region is expected to enjoy a prominent slice of the overall shrink sleeve label applicator industry.
The Market Auguring Well on the back of these Factors:
| Attribute | Details |
|---|---|
| Market Size 2018 | USD 978.0 million |
| Market Size 2022 | USD 1,104.7 million |
| Market Size 2023 | USD 1,163.2 million |
| Market Size 2033 | USD 1,949.6 million |
| Historical Period CAGR (2018 to 2022) | 3.1% |
| Forecast Period CAGR (2023 to 2033) | 5.3% |
| Top 3 Countries Market Share (2023) | More than 33% |
Explore FMI!
Book a free demo
Labeling products is an essential part of any industry as it provides the required information about the products. Depending on the specific industry that a player operates in, there are various rules and regulations associated with packaging as well as labeling.
For instance, the food and beverage and pharmaceutical industries have strict labeling requirements prescribing product-specific labels, barcode standards for logistics and shipping bottles, containers, and many more.
Failure to comply with any of these regulations and standards can result in fines. On the back of these factors, all manufacturers operating in the market are adopting labels for regulatory purposes.
Stringent regulatory requirement associated with labeling, especially in food, beverage, and pharmaceutical industries drives the shrink sleeve label applicator market growth substantially.
Technological advancements associated with packaging types of machinery are one of crucial factors that propel the demand for shrink sleeve label applicators in the market.
Consistently rising production output from food, beverage, pharmaceutical, and personal care industries led manufacturers across the globe to utilize and adopt shrink sleeve label applicators for labeling purposes on bottles.
Additional key features such as touch panel control system, human-machine interface (HMI) control, PLC control system, and others, attract a substantial portion of manufacturers in the market. Furthermore, the availability of both fully automatic and semi-automatic shrink sleeve label applicators in the market ultimately facilitates and fulfills the labeling requirements of manufacturers.
Manufacturers are also increasingly automating their production and packaging and labeling processes to reduce unnecessary labor costs. All these factors are likely to push the demand for shrink sleeve label applicators upwards during the foreseeable future.
The global shrink sleeve label applicator market is estimated to witness a significant rise during the forecast period due to the additional key benefits of shrink sleeve label applicators such as:
These benefits are attracting a substantial portion of manufacturers in the market and are projected to raise at 5.3% CAGR during the forecast period in comparison to the 3.1% CAGR during the historical period.
Shrink sleeve label applicators are highly automated packaging machines predominantly used in several end-use industries for labeling applications. These applicators can offer precise label casting for different sizes of containers with a high level of accuracy.
The ability to label thousands of containers with a variety of diameters in less time makes shrink sleeve label applicators relevant and popular among end-use industry players. There are two types of shrink sleeve label applicators such as semi-automatic and automatic shrink sleeve label applicators available in the market.
| Country | India |
|---|---|
| CAGR % (2023 to 2033) | 6.7% |
The shrink sleeve label applicator spending in India is projected to expand at a CAGR of 6.7% during the forecast period. The growing manufacturing sector is also increasing the demand for efficient packaging solutions.
According to the Packaging Industry Association of India (PIAI), the packaging market of the country is expected to reach USD 2,014.81 billion by the end of 2025, registering a CAGR of 26.7% from 2020 to 2025. This significant growth of the packaging market and India’s manufacturing sector is anticipated to drive the demand for shrink sleeve label applicators in the country.
| Country | The United Kingdom |
|---|---|
| CAGR % (2023 to 2033) | 3.1% |
As per the survey conducted by The Food and Drink Federation, the food and beverage industry is one of the key markets in the United Kingdom. The United Kingdom is anticipated to hold a market share of 15% in the shrink sleeve label applicator market in 2023.
The food and drink industry contributes USD 33 billion to the economy annually and is a key part of the nation’s USD 135.4 billion ‘farm to fork’ food chain.
The FDF's economic reporting is a key avenue for ensuring that the economic importance of the United Kingdom’s food and drink industry is widely recognized, as well as its potential for growth and productivity improvements.
| Segment | Automatic |
|---|---|
| Market Share (2022) | 85.3% |
FMI team estimates that the industry players operating in the global food, beverage, pharmaceutical, and cosmetic industries are opting for automatic shrink sleeve label applicators. It is due to their ability to provide precise labeling coupled with high labeling speed.
Therefore, it is estimated that sales of automatic shrink sleeve label applicators are predicted to gain significant traction in the forthcoming years. Further, the sales are expected to capture more than 85.3% value share in the global market by 2023.
| Segment | Beverages |
|---|---|
| Market Share (2022) | 37.3% |
Based on the end-use industry, a substantial portion of the global shrink sleeve label applicator industry is captured by the food and beverages industry and might expand at a CAGR of 4.8% and 5.5% respectively during the forecast period.
These industries are the prime end user of shrink sleeve label applicators and are expected to create gratifying opportunities for manufacturers in the coming years.
The rapid expansion of packaging has led to growth in consumption of shrink sleeve label applicators with a speed of 400 BPM to 600 BPM, which is projected to hold a significant share of the market with more than 34% in 2023.
The key players in the market are concentrating their efforts on expanding their production capacity, to cater to the ever-increasing requirement for these applicators. In addition to this, prominent participants in the market are widening their portfolios with novel additions to their offerings.
This is projected to meet the different requirements of end users. Furthermore, manufacturers are establishing their units in new territories, to gain huge market share.
Recent Developments in the Shrink Sleeve Label Applicator Market
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; the Middle East & Africa; and Oceania |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, Italy, France, the United Kingdom, Spain, Russia, GCC Countries, China, India, Australia & New Zealand, and ASEAN |
| Key Segments Covered | Automation, Labelling Speed, Container Diameter, End Use Industry, and Region |
| Key Companies Profiled | Fuji Seal International, Inc.; Krones; KARALILLE; FINPAC; DASE-SING; Xu Yuan Packaging Technology Co., Ltd.; Esleeve; Pack Leader; King Hong; DELMAX MACHINERY; Benison; MAGIC SPECIAL PURPOSE MACHINERIES PVT. LTD.; Maharshi; PDC; Sleever International; Axon; Label-Aire, Inc.; Sleeve Technology; Scaligera; Accraply; Tripack |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market in 2023 is valued at USD 1,163.2 million.
The market rose at a 3.1% CAGR from 2018 to 2022.
The market will register a 4.1% CAGR until 2033.
By 2033, the market will reach USD 1,949.6 million.
India is projected to pace at a significant CAGR of 6.7% until 2033.
Packaging Films Market Analysis by Product Type, Material Type and End Use Through 2035
Magnetic Closure Boxes Market Trends - Growth & Demand 2025 to 2035
Neoprene Coffee Sleeves Market Growth - Demand & Forecast 2025 to 2035
Mailer Boxes Market Growth – Demand & Forecast 2025 to 2035
Metal Aerosol Packaging Market Growth - Forecast 2025 to 2035
North America PET Blow Molder Market Growth - Forecast 2025 to 2035
Shrink Sleeve Label Applicator Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
