Sleeve Labels ( Cont’d from Page 1)
sleeves. The sleeve labels are estimated to be the fastest growing labeling segment throughout the forecast period, driven by factors such as brand iden- tity, visual on-shelf appeal and cost efficiency. Flexo Leads The Way Flexography is expected to be the most preferred printing technology among sleeve label manufacturers. Asia-Pacific is expected to dominate the sleeve la- bels market registering a Compound Annual Growth Rate of 6.2 percent. This trend is attributed to the mounting demand for beverage and packaged food China, India and ASEAN countries. Furthermore, growth in manufacturing sector and increased con- sumer spending power are the key drivers of sleeve labels in this region. North America, though a developed market with mul- tiple market players, is expected to gain momentum in the later phase of the forecast period with future in- vestments in the manufacturing sectors. Mature market of Europe is anticipated to witness uneven growth throughout the forecast period. Moreover, Latin Ameri- ca and MEA sleeve labels markets are expected to regis- ter sluggish growth, all over the forecast period.
www.graymills.com info@graymills.com +1-773-248-6825
PRESSROOM SOLUTIONS
Flexo Market News January 9, 2017 3
www.nvpublications.com
Made with FlippingBook - Online Brochure Maker