Sleeving Machines Market Share

Global Sleeving Machines Market Overview

Sleeving Machines Market Size was valued at USD 3.1 Billion in 2022. The Sleeving Machines market End Use is projected to grow from USD 3.2 Billion in 2023 to USD 4.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.60% during the forecast period (2024 - 2032). Growing e-commerce business and increasing demand for accurate, quick, and simple labelling solutions due to reasons including convenience, choice, and cost advantages, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Sleeving Machines Market Trends

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  Rising demand for accurate, high-speed, and simple labeling solutions is driving the market growth

  
  

Labels are printed, dispensed, and applied by sleeving machines on packaging containers made of various materials, such as glass, plastic, and aluminium. On point-of-sale, display, and transportation packs, labels are also obtained and applied using these equipment. Labels are used to sell, embellish, or give customers useful information about the product or brand. Additionally, they are utilised to distinguish products in order to preserve branding and visibility in the retail environment. Customers are seeking for a bigger variety of products with more product diversity. As a result, there are now more products being produced and marketed, which has increased production complexity. Manufacturers of consumer goods are increasingly seeking adaptable sleeving machines that can work with a variety of materials and take into account various technologies in order to solve these problems.

Growing consumer desire for accurate, quick, and straightforward labelling solutions is projected to further fuel market expansion. The market for sleeving machines is also anticipated to be driven by the expanding e-commerce sector, which will profit from features including convenience, choice, and cost savings. In the e-commerce industry, sleeving machines are used to apply labels and barcodes on various cartons and packages. Product makers can easily trace shipments thanks to tracking and anti-counterfeiting capabilities on labels. Furthermore, labels ensure that the products are delivered to the clients without any disturbance, aiding in the provision of protection against tampering. Further anticipated to increase demand for these equipment is rising demand for security labelling to prevent theft and fraud.

Sleeving machines are utilised to provide operations that are efficient, fast, and fluid. Sleeving machines offer a high performance product range, ensuring minimal cost with high-quality output employing technology, and are very time-efficient. One of the key elements driving the market demand for shrink sleeve label applicators is technological development in the area of packaging machines. Manufacturers use appealing and high-quality labelling to market and brand the packed goods. Due to this tendency, demand for packaging equipment that can effectively accomplish this purpose is on the rise. The best way for producers to accomplish this goal is through sleeving machines. One of the main factors that will drive the market in the future is the increased need for fully automated, mechanised equipment that can reduce waste and has the flexibility to handle both glass and plastic containers. Thus, driving the sleeve packaging machines market revenue.

Sleeving Machines Market Segment Insights:

Sleeving Machines Automation Insights

The Sleeving Machines Market segmentation, based on Automation, includes automatic, semi-automatic, and manual. Automatic segment dominated the global market in 2022. The firms in the packaging sector need automation and equipment to do the task quickly while keeping quality with a population of over 9 billion people.

Sleeving Machines Machine Type Insights

The Sleeving Machines Market segmentation, based on Machine Type, includes shrink sleeve labeling machine, stretch sleeve labeling machine, roll-fed labeling machine, tamper-evident banding machine, and heat tunnel machine. Shrink sleeve labeling machine segment dominated the Sleeving Machines Market in 2022. As full-body labelling is made possible by shrink sleeve labelling machines, maximum brand visibility and promotion are achieved. These labelers can also be used to apply labels to containers with complicated or irregular forms.

Sleeving Machines End Use Insights

The Sleeving Machines Market segmentation, based on End Use, includes food & beverages, pharmaceuticals, cosmetics & personal care, chemicals, automotive, and other industrial. Food & beverages segment dominated the global market in 2022. The production of beverage goods is being boosted by causes such an expanding population, rising disposable income, and a global trend toward the consumption of health beverages. This is expected to increase demand for labelling equipment.

Figure 1: Sleeving Machines Market, by End Use, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Sleeving Machines Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Sleeving Machines Market dominated this market in 2022 (45.80%). Growing e-commerce industry, especially in the U.S., coupled with the adoption of standards and regulations pertaining to labeling, serialization, and tracing is further likely to have a positive impact on the regional market growth. For instance, regulations such as Fair Packaging and Labeling Act and Drug Quality and Security Act among others are likely to fuel the market growth. Further, the U.S. Sleeving Machines market held the largest market share, and the Canada Sleeving Machines market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SLEEVING MACHINES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Sleeving Machines market accounted for the healthy market share in 2022. Over the projection period, there will be an increase in the demand for functional food and beverage items as well as increased spending on pharmaceutical and healthcare products. Further anticipated to increase demand for these equipment are labelling laws relating to product information and safety. Further, the German Sleeving Machines market held the largest market share, and the U.K Sleeving Machines market was the fastest growing market in the European region

The Asia Pacific Sleeving Machines market is expected to register significant growth from 2023 to 2032. The need for labelling machines in the local market is influenced by a number of variables, including the existence of numerous emerging economies like China and India, rising disposable income, growing population, and expanding food and beverage industries. Moreover, China’s Sleeving Machines market held the largest market share, and the Indian Sleeving Machines market was the fastest growing market in the Asia-Pacific region.

Sleeving Machines Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Sleeve Machines market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Sleeving Machines Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Sleeving Machines Industry to benefit clients and increase the market sector. In recent years, the Sleeving Machines Industry has offered some of the most significant advantages to medicine. Major players in the sleeve packaging machines market, including Krones AG, Fujiseal International, Finpac Group, Pack Leader Machinery Inc., Sleever International, Tripack Group, Axon Corporation, USLUGA SHPK, Label-Aire Corporation, and Benison Group, are attempting to increase market demand by investing in research and development operations.

A provider of varied packaging solutions is CCL Industries Inc (CCL). Bottles, extruded plastic tubes, and aluminium aerosol cans are among the company's product offerings. Along with providing package decorating solutions, it also offers converting pressure-sensitive and film materials for label applications. Bi-Oriented Polypropylene (BOPP) films with several layers and tailored surfaces are available from the company. The company's products are used in a variety of global markets, including the food and beverage, agrochemicals, automotive, electronics, and consumer durables sectors. North America, Latin America, Europe, Asia-Pacific, the Middle East, and Africa are just a few of the regions where the organisation conducts business. Toronto, Ontario, Canada serves as the headquarters of CCL. The purchase of Singapore-based Lux Global Label Asia Pte Ltd by CCL Industries Inc., a producer of specialty label, security, and packaging solutions for governmental organisations, multinational corporations, consumers, and small businesses, was announced in May 2021.

Labelling and packaging supplies are provided by Avery Dennison Corp (Avery Dennison). It creates tags, labels, tickets, and other conversion goods in addition to pressure-sensitive materials. Additionally, Avery Dennison produces and markets fasteners, tickets, tags, RFID inlays and tags, imprinting tools, and related services. The business sells goods under the names of Avery Dennison, Yongle, Fasson, Monarch, Freshmarx, JAC, and Mactac, among other brands. Retail, construction, footwear and apparel, logistics, e-commerce, pharmaceuticals, food and grocery, the automotive industry, and the healthcare sector are just a few of the industries it supports. The business has operations in Asia Pacific, Europe, South America, and North America. The United States' Glendale, California, serves as the company's headquarters. Avery Dennison will start operating in its new manufacturing site in Greater Noida in April 2022. In order to better meet consumer needs, the company is attempting to combine its manufacturing activities while utilising the increased efficiencies and maximising the new technologies.

Key Companies in the Sleeving Machines market include

• Krones AG


• Fujiseal International


• Finpac Group


• Pack Leader Machinery Inc.


• Sleever International


• Tripack Group


• Axon Corporation


• USLUGA SHPK


• Label-Aire Corporation


• Benison Group

Sleeving Machines Industry Developments

May 2022: The Avery Dennison Corporation made two significant investments to increase the manufacturing capacity in Europe and boost factory productivity.

May 2022: In order to meet the expanding demand for decorated aluminium cans in the beverage sector, Tripack LLC has announced the development of a manufacturing plant in Florida. In Lakeland, Florida, Tripack intends to establish a third production facility with more than 30,000 square feet and room for several packing lines.

June 2023: A leading consultant in the packaging industry, Ryback & Ryback Consulting, has introduced a new division, Ryback Machinery. With 25 years of experience in the packaging industry, President Scott Ryback, a third-generation veteran of the industry, is determined to sell the equipment he's been consulting on for several years. Ryback Machinery has inserted its unique line of shrink sleeve converting, slitting equipment, and application to its product offerings. Ryback Machinery stands out from usual OEM suppliers. Ryback said that they are concentrating on providing their customers with quality machinery at an affordable price without overselling unnecessary accessories. Their consulting services match their equipment offerings, guaranteeing their clients' success in the market. With nearly 25 years of hands-on experience, the company caters as the premier consulting service to the shrink sleeve industry. Ryback Machinery is the only shrink sleeve OEM that offers consulting services to guarantee the customer's success in the market. Services offered by Ryback Machinery kick off with a detailed pre-installation audit. This means the company will go to your facility to help recognize the right location for the customer's new converting equipment, ensuring ideal workflow and sufficient workspace for each piece of machinery.

The business also offers training for the sales team, targeting success in the shrink sleeve market. In addition, training incorporates measuring and determining correct sleeve sizes and pricing shrink sleeves to guarantee maximum profitability. Guidance will be offered to the pre-press department on how to layout artwork, and the quality control staff will be trained to offer high-quality products to customers. The vice president of operations at Ryback Machinery, Janice Ryback, said that their oath doesn't end with the deployment of your equipment. The business ensures that your staff is completely trained before the installation process concludes.