Thanulee,
This was just a quick guess. The label on this one would take more attention than a simple cylinder based label. It is shrink-wrap. I guess it would be a tube at one point and heat activated become shaped like the bottle. If that is part of your job, to have the label ready to print, I would check this with the print house and production company how they need it. The part toward the bottleneck has less space so any un-corrected print would be smaller in that area than it was before.
I have animated one version quickly and added a scene file with a measurement. The circle’s name will show the circumference when adjusted to the model.
https://www.amazon.com/clouddrive/share/3GhZt43GwEWQQZxK8gbggJp2fFf1QO5CBKOCiF4qpwj
Enjoy