The invention relates to a label, in particular to a plastic label capable of being drawn creatively and a manufacturing method of the plastic label. The invention provides a manufacturing method of a thermal shrinkage sleeve type label capable of being drawn creatively. The manufacturing method comprises the following steps: a, printing: taking a plastic film as a substrate, printing ink with different colors on the inner surface of the film on a printer according to the designed pattern, and after passing through a turning frame device of the printer, printing a drawable coating on the outer surface of the film according to the image-text effect of a printing board; b, splitting: cutting the printed film into semi-finished products with the specific widths; and c, combining: adhering the semi-finished products into sleeve-shaped thermal shrinkage labels. Compared with the traditional label products, the product of the invention has the advantages that a, the traditional film label product is smooth in surface, a user cannot draw on the surface of the traditional film label product with a crayon, but can draw on a coating region of a label with the drawable coating easily with the crayon; and b, similar products do not exist in the existing plastic soft packaging industry.