The global can sleeve market is projected to reach $17.3 billion by 2028, at a CAGR of 6.1% during 2023-2028. The growth of can sleeve market is driven by rapidly growing beverage industry, widespread usage of these sleeves to keep drinks cold owing to its slow paced heat conduction, and increasing adoption of environment-friendly can sleeves globally.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the can sleeve market by product
(shrink sleeves, neoprene sleeves, and silicone sleeves), material (plastics
and rubber), end use industry (hotels & restaurants, food service outlets,
corporate offices, airport & theaters, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the can sleeve market?
Q.4 What are some
changing demands of customers in the can sleeve market?
Q.5 What are the new
developments in the can sleeve market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this can sleeve area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this can sleeve market?
Market Segmentation:
Based on product, the
can sleeve market is segmented into shrink sleeves, neoprene sleeves, and
silicone sleeves. The silicone sleeve segment accounted for the largest share
of the market in 2023 and is expected to register the highest CAGR during the
forecast period, because of their eye-catching and appealing appearance.
North America is
expected to witness the highest growth over the forecast period due to the
increasing consumption of beverages that are neatly packaged in silicone beer
can covers and the presence of key manufacturing hubs in the region.
Key Players in the can
sleeve market are Kinsbrae Group, U.S. Poly Enterprise, Xiamen Horison Trading,
Jin Sheu Enterprise, and Yiwu Chuangning Arts & Crafts.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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