市場調查報告書
商品編碼
1459329
全球熱彈性袖子市場 - 2024-2031Global Heat And Stretch Sleeves Market - 2024-2031 |
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概述
2023年,全球熱彈性袖子市場規模達137億美元,預計2031年將達217億美元,2024-2031年預測期間複合CAGR為5.9%。
隨著電子商務的出現,對環保、有效的包裝有了更大的需求。它鼓勵客戶尋找更環保、更有吸引力的替代品,例如可回收黏合劑、無襯墊標籤和透明基材上的透明薄膜標籤。加熱和拉伸套管非常適合包裝產品,特別是食品包裝。
套筒價格便宜,並為品牌提供了大型的廣告看板區域,可以在不增加預算的情況下增加行銷影響。加熱和拉伸套筒是覆蓋產品整個表面的聚酯標籤類型。根據 Label Insight 和食品行銷研究所報道,86% 的客戶關心透明度。對包裝飲料不斷成長的需求預計將推動加熱和拉伸套筒市場的發展。
到 2023 年,北美預計將佔全球保暖彈性袖市場的 1/4 以上。隨著消費者習慣的改變,該地區對食品和飲料的需求正在增加。預計這將推動加熱和拉伸套管行業的需求。根據 PMMI 的飲料報告,預計 2018 年至 2028 年北美飲料市場將成長 4.5%。
動力學
對 PE 套管的需求不斷成長
PE 可能會增加全球熱拉伸套管市場的需求,因為它成本低廉,能夠以各種密度製造,並可以使用添加劑進行客製化以執行各種任務。絕大多數套管由 LDPE 製成,一些更複雜的薄膜也含有 LLDPE。大多數行業競爭對手都在推出新標籤,提供廣泛的永續選項可供選擇。
例如,2020 年 5 月,芬歐藍泰標籤推出了芬歐藍泰標籤森林薄膜 PE,以擴展其永續薄膜解決方案組合。創新的 PE 薄膜標籤透過減少家庭和個人護理標籤應用中基於化石的原始原料的使用,推動芬歐藍泰標籤邁向超越化石的更聰明的未來。
包裝需求不斷成長
根據印度包裝工業協會預測,到2025年,印度包裝市場預計將達到2,048.1億美元,2020-2025年複合CAGR為26.7%。它將增加對彈力套筒的需求,因為它在包裝產品中包含標籤。包裝已成為日常生活中必不可少的物品,因為它廣泛應用於食品和飲料、醫療保健、化妝品和其他消費品以及各種工業領域等行業。
隨著網際網路在世界許多地區的普及,電子商務行業正在迅速發展。電商企業消費者體驗的發展正在推動包裝產業熱度和拉伸套的擴張。
環境問題和價格波動
加熱和拉伸套管通常由塑膠材料製成,由於污染、產生廢物和不可生物分解的特性,引起了環境問題。隨著企業努力使用環保包裝解決方案,不斷增加的監管限制和客戶對永續包裝替代品的需求可能會阻礙加熱和拉伸套管市場的成長。
熱拉伸套管通常由 PVC、PETG 和 PE 製成。這些原料價格的波動可能會影響熱套管和拉伸套管的生產成本,從而影響製造商的利潤率並導致市場價格不穩定。
Overview
Global Heat And Stretch Sleeves Market reached US$ 13.7 billion in 2023 and is expected to reach US$ 21.7 billion by 2031, growing with a CAGR of 5.9% during the forecast period 2024-2031.
With the advent of e-commerce, there is a larger demand for eco-friendly and effective packaging. It encourages customers to look for more environmentally responsible and appealing alternatives, like recyclable adhesives, liner-free labels and clear film labels on transparent substrates. The heat and stretch sleeves are great for packaging products, particularly food packing.
The sleeves are inexpensive and provide a large billboard area for branding, allowing for increased marketing impact without increasing budget. Heat and stretch sleeves are types of polyester labels that cover the entire surface of a product. As reported by Label Insight and the Food Marketing Institute, 86% of customers care about transparency. The growing demand for packaged beverages is expected to fuel the heat and stretch sleeve market.
In 2023, North America is expected to be about over 1/4th of the global heat and stretch sleeves market. The region's demand for food and beverages is increasing as consumer habits change. It is expected to drive demand for the heat and stretch sleeve industry. In accordance with PMMI's Beverage Report, the North American beverage market is predicted to rise by 4.5% between 2018 and 2028.
Dynamics
Growing Demand for PE Sleeves
PE will likely increase the demand for global heat and stretch sleeves market due to its low cost and ability to be made in a wide range of densities and customized with additives to perform a variety of tasks. The great majority of sleeves is made of LDPE and some of the more complex films also contain LLDPE. Most industry competitors are launching new labels that provide a wide range of sustainable options to choose from.
For example, in May 2020, UPM Raflatac introduced UPM Raflatac Forest Film PE to expand its portfolio of sustainable film solutions. The innovative PE film label advances UPM Raflatac's drive for a smarter future beyond fossils by reducing the usage of fossil-based virgin raw materials in home and personal care labeling applications.
Rising Demand in Packaging
In accordance to the Packaging Industry Association of India, Indian packaging market is predicted to reach US$ 204.81 billion by 2025, growing at a CAGR of 26.7% between 2020-2025. It will enhance demand for stretch sleeves because it includes labeling in the packing products. Packaging has become an essential everyday item due to its availability in a wide range of businesses, including food and beverage, healthcare, cosmetics and other consumer goods, as well as a variety of industrial sectors.
As the Internet becomes more widely available in many regions of the world, the e-Commerce industry is rapidly evolving. The development of consumer experiences in e-Commerce enterprises is driving the expansion of the heat and stretch sleeve in packaging industry.
Environmental Concerns and Price Volatility
Heat and stretch sleeves are generally made of plastic materials, which have aroused environmental concerns owing to pollution, waste generation and non-biodegradable properties. Increasing regulatory restraints and customer demand for sustainable packaging alternatives may hamper the growth of the heat and stretch sleeves market as businesses strive to use eco-friendly packaging solutions.
Heat and stretch sleeves are commonly made up of PVC, PETG and PE. Fluctuations in the pricing of these raw materials might effect the production costs of heat and stretch sleeves, thereby influencing manufacturers' profit margins and leading to market price instability.
The global heat and stretch sleeves market is segmented based on material, printing technology, application and region.
Rising Demand for Sustainable Labels Drives the Food & Beverages Growth
Food & beverages are expected to be the dominant segment with over 1/3rd of the market during the forecast period 2024-2031. There is an increasing trend of using plastic bottles and aluminum cans for beverage items. Sustainability, shelf impact, performance and digital printing are predicted to drive future innovation in the beverage industry's labeling practices. To deal with sustainability concerns, numerous companies are introducing sleeves in innovative materials.
For example, in February 2021, CCL Label introduced EcoStretch, a sustainable stretch sleeve option that, once used, is recycled at the company's factory in Austria and return to the manufacturing process in a totally closed production loop. The recycling facility would be placed at CCL's Voelkermarkt site in Austria, a hub for the manufacturing of stretch sleeves primarily used in the dairy, beverage and home care industries.
Growing Demand From Food Sector in Asia-Pacific
Asia-Pacific is the dominant region in the global heat and stretch sleeves market covering more than 40% of the market. Rising urban populations, increased demand for packaged food, simple supply of polymer films and comparatively low labor costs are among the primary driving forces. China is the world's largest food, beverage and pharmaceutical market in terms of overall output.
In accordance to the National Development and Reform Commission, China's food industry grew steadily in terms of production and sales in 2021. The Chinese food market generated US$ 1,181.63 billion in revenue in 2021, up from US$ 1,054.19 billion the previous year. The value-added industrial production of the food manufacturing sector rose by 8% per year in 2021. Based on the Food Export Association, retail sales in Japan's packaged food market would total US$ 216.3 billion in 2022.
The major global players in the market include Berry Global Inc, Cenveo, CCL Label, Inc., Klockner Pentaplast Group, The Dow Chemical Company, Hammer Packaging, International Papers, Macfarlane Group, Huhtamaki and Fuji Seal International Inc.
During the pandemic, consumer behavior changed, with an upsurge in demand for basic items including food, beverages and medications. It resulted in revisions to packaging regulations, with a stronger emphasis on packaging solutions that guarantee product safety, hygiene and convenience. Heat and stretch sleeves are used in many packaging applications to offer tamper-evident seals, protect items from contamination and increase shelf appeal.
The pandemic had diverse consequences on the end-use sectors that use heat and stretch sleeves for packing and labeling. While industries like food and beverage, pharmaceuticals and personal care saw strong demand, sectors like hotel, entertainment and non-essential retail witnessed substantial disruptions. The overall downturn in economic activity and shifts in consumer spending patterns affected the need for heat and stretch sleeves in these industries.
Russia-Ukraine War Impact
Both Russia and Ukraine contribute significantly to the production of raw materials used in the manufacture of heat and stretch sleeves, like polyvinyl chloride and polyethylene terephthalate glycol. Any disruptions in the supply of these raw materials from these regions may result in globally market shortages and price volatility, hampering heat and stretch sleeve production and availability.
Uncertainty over the fight caused price volatility in the global market for heat and stretch sleeves. Currency exchange rate fluctuations, export-import tariffs and transportation expenses can all have an impact on the cost of raw ingredients and final products, potentially contributing to higher pricing for heat and stretch sleeves for both manufacturers and customers.
The global heat and stretch sleeves market report would provide approximately 62 tables, 56 figures and 192 pages.
Target Audience 2024
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