NIGERIA SHRINK SLEEVE LABELS MARKET

INTRODUCTION

Shrink sleeve labels are a form of flexible packaging that is gaining traction in the Nigerian market. Shrink sleeve labels are applied to product containers and then passed through a heat tunnel to create a tight, uniform fit around the container. This form of labeling provides full coverage of the container and can be customized to better reflect a brand's image.

Not only do shrink sleeve labels improve product branding but they also offer enhanced package performance. The thin and stretchable material conforms snugly and securely on the container and creates a barrier protection from moisture, dust, or oxygen to help prevent product damage. It can also create tamper evidence and serve as a child-resistant package design.

Moreover, shrink sleeves are a cost-effective way to instantly refresh existing or plain packaging, while also supporting energy savings and minimal material consumption. Shrink sleeve labels are also single-use plastics, making them a much more attractive option for sustainability-focused Nigerian brands.

Shrink sleeves also offer extended shelf presence as they can feature vibrant high-definition graphics and accurately reflect brand positioning and messaging. On top of that, the self-adhesive material allows brands to add well-crafted text, logos, and other latest technology-enhanced visuals such as QR codes and augmented reality (AR) components. 

NIGERIA SHRINK SLEEVE LABELS MARKET SIZE AND FORECAST

The Nigeria Shrink Sleeve labels market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

APO45, a floatable and environmentally friendly shrink sleeve material, has been introduced by Innovia Films to increase PET recycling rates and promote a packaging circular economy.

As instances of this, consider: According to the company, the product can be used in all shrink sleeve applications in the food, dairy, beverage, household, laundry, and personal care markets. 

According to reports, the thinness of the APO45 shrink sleeve allows NIR sorting systems to identify the PET material underneath. During sorting and recycling, polyolefin shrink sleeves automatically come off of the PET bottle.

Following the launch of RayoFloat APO into the worldwide shrink sleeve market, Innovia Films hopes to broaden its product offering by creating the thinner APO45 to go along with its APO50.

The finished sleeves are lighter than a comparable PET sleeve due to the low-density nature of the polyolefin-based film, which, according to the company, helps reduce carbon emissions for transportation throughout the supply chain.

Brand owners and packaging manufacturers can use APO to comply with upcoming regulations regarding extended producer responsibility (EPR) programs and to meet RecyClass guidelines for packaging design for recycling. Global industry organizations, the Association of Plastic Recyclers (APR) and the European PET Bottle Platform (EPBP), have also certified and approved APO's recyclability.

NEW LAUNCH

With the introduction of SHAPE360 TDS, the state-of-the-art option for TD shrink sleeve labels, Taghleef Industries has announced the launch of its SHAPE360 shrink film line. SHAPE360 TDS is a high TD shrink-clear label film that is sustainable, adaptable, and very attractive.

It ensures that rigid PET flakes are separated from floatable printed sleeves, improving the quality and efficiency of PET bottle recycling. The label has less weight because of its low density.

TDS is an ideal solution for PP and HDPE containers, resulting in recoverable all-olefin packages, since it is compatible with polyolefin sorting streams. The European PET Bottle Platform (EPBP) and Interseroh, with their "Made for Recycling" seal, have both certified it as recyclable.

The Association of Plastic Recyclers (APR) has recognized TDS as critical guidance due to its compatibility with PET, colored HDPE, and natural HDPE containers for recycling.

 TDS is made to provide a 360-degree billboard decoration, maximizing product differentiation and brand shelf appeal thanks to its "no-label look" provided by a superior gloss and transparency.

It promises up to 65% shrinkage, allowing empty and thin-walled containers to be gradually labeled without running the risk of squeezing or trapping moisture or air. Its slight MD shrink eliminates any undesirable "smile effect" at the bottle's extremities, and its inherent adaptability makes it the ideal material to decorate containers of all shapes, sizes, and compositions. Furthermore, Ti's solvents with a natural basis are used to achieve the film's strong seaming.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Shrink Sleeve labels are manufactured per annum in Nigeria? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Nigeria Shrink Sleeve labels and key vendor selection criteria
3. Where are the Shrink Sleeve labels manufactured? What is the average margin per unit?
4. Market share of Nigeria Shrink Sleeve labels market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Nigeria Shrink Sleeve labels in-house
6. key predictions for next 5 years in Nigeria Shrink Sleeve labels market
7. Average B-2-B Shrink Sleeve labels market price in all segments
8. Latest trends in Shrink Sleeve labels market, by every market segment
9. The market size (both volume and value) of the Shrink Sleeve labels market in 2023-2030 and every year in between?
10. Production breakup of Shrink Sleeve labels market, by suppliers and their OEM relationship