Shrink Sleeve Label Applicator Market Overview, Size, Future Scope and Industry Analysis By 2027
Shrink sleeves applicators have great output capacity which is ranging from 50-600 pieces/minutes. These are used in various industries such as Cosmetics, Food & Beverage, Personal Care, and Home Care. Shrink sleeve label applicator are also called as tamper proof, band applicator which is specifically designed to make systematic packaging and labeling. Theses applicators are made with stainless steel and these are vibration free and trouble free equipments.
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Market Drivers
Increase in demand for shrink sleeve label applicator in food and beverage industry is the key driving factor which is expected to boost the global shrink sleeve label applicator market growth. Furthermore, Increase in technological advancements will have the positive impact on global shrink sleeve label applicator market. For instance, in June 2017, Axon had launched its new shrink sleeve applicator. It is designed to increase production and efficiency of product.
Market Restraints
However, high cost of shrink sleeves label applicator and high operational cost are the restraining factors which are expected to hamper the global shrink sleeve label applicator market growth.
Market Segmentation
Global Shrink Sleeve Label Applicator Market is segmented into technology such as Automatic Label Applicator, Semi-Automatic Label Applicator, and Hand-Held Label Applicator. Further, market is segmented into end use such as Pharmaceuticals, Cosmetics, Personal Care, Home Care, and Food & Beverage.
Also, Global Shrink Sleeve Label Applicator Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Taxonomy
By Technology
- Automatic Label Applicator
- Semi-Automatic Label Applicator
- Hand-Held Label Applicator
By End Use
- Pharmaceuticals
- Cosmetics
- Personal Care
- Home Care
- Food & Beverage
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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