San Francisco, CA -- (SBWIRE) -- 06/12/2020 -- Shrink Sleeve Label Applicator Market: Overview

The shrink sleeve label applicator market is primarily driven by the end-use industries such as pharmaceuticals, food and beverage, home and personal care among other industries. Growth in these industries is anticipated to boost growth rate of the global shrink sleeve label applicator market subsequently.
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In addition, shrink sleeve label applicator is more preferable over conventional label applicators as it allows labelling of numerous rigid packaging formats.

The upcoming reports provides comprehensive details about key factors driving the growth of the global shrink sleeve label applicator market. It includes details of various segments and drivers likely to boost market in the tenure of forecast period (2019-2027). Further, factors which may restrain market growth is also discussed in the report.

Shrink Sleeve Label Applicator Market: Notable Developments

The section of the report sheds light upon recent development in the global shrink sleeve label applicator market. The key developments are anticipated to tract wide consumer base over the forecast period.

In June 2017, Axon, LLC launched packagers with a new range of shrink sleeve applicator. The packaging technique focused specially on the manufacturers who were considering to enhance their production capacity coupled with operating efficiency using rugged and dependable automation. Along with Axon's Thermo flow shrink tunnel, the EZ-150SL offers vibrant and eye catching labels with a capacity of approximately 150 cans/ bottles per minute.

In addition, representatives from Axon also promised to provide remote technical support and overall equipment effectiveness (OEE) solutions.

Similarly, in January 2018, American Film and Machinery launched shrink sleeve applicator and LX-100 tamper band, primarily designed for low to moderate production rates. It is also a perfect solution for end use industries including health and beauty, pharmaceutical, consumer goods, food and beverage, chemical, nutraceuticals, and similar manufactured goods.

Some of the key companies operating in the global shrink sleeve label applicator market are MPI Label Systems, Axon, Maurti Machines Pvt. Ltd., Quadrel Labeling Systems, American Film & Machinery, Pack Leader USA, LLC, MPI Label Systems, Inc., Professional Packaging Systems, Inc., Shanghai Keno Industrial Co., Ltd., Multi Pack Machinery Company, and Shanghai Leadworld Machinery Technology Co., Ltd. among others.

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Shrink Sleeve Label Applicator Market: Key Trends

Inclination of manufacturers towards branding and marketing of the packaged products is likely to result in upsurge in demand for packaging machinery such as shrink sleeve label applicators.

Growing urbanization followed by population growth is also anticipated to boost the market growth substantially over the forecast period. To gain large range of market acceptance, the design could be operated with ease and should also incur low maintenance cost. These sections are easily filled by shrink sleeve label applicators. As a result, there is high probability that growth trajectory of the global shrink sleeve label applicators will move in north direction.

Shrink Sleeve Label Applicator Market: Regional Analysis

In recent years, the Asia Pacific regional market has accounted for major share in terms of value. Further, the regional growth is followed by Europe and North America in the year 2014. Growth of the shrink sleeve label applicators in Asia Pacific region is attributed to increasing disposable income, growing demand for packaged food, easy availability of polymer films, increasing urbanized population, and low labor cost. Further, developing economies have played vital role in expansion of the regional shrink sleeve label applicator market.

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