Market Share of Global Shrink Sleeve Applicator Industry
The shrink sleeve labels market is competitive and simultaneously fragmented because of different domestic and international key players. These industry players have incorporated strategies to remain at the forefront and satisfy customers' increasing demand with collaborations, joint ventures, and new product launches.
May 2022 - Tripack LLC announced opening a manufacturing facility in Florida to fulfill the growing demand for decorated aluminum cans in the beverage industry. Tripack plans to open a third manufacturing facility in Lakeland, Florida with over 30,000 sq ft and space for multiple packaging lines.
May 2021 - CCL Industries Inc., a specialty label, security, and packaging solutions provider for government institutions, global corporations, consumers, and small businesses, announced the acquisition of Lux Global Label Asia Pte Ltd, based in Singapore.
Shrink Sleeve Applicator Market Leaders
Krones AG
Fujiseal International
Pack Leader Machinery Inc.
Axon Corporation
Sleever International
*Disclaimer: Major Players sorted in no particular order
