Global Stretch Sleeve And Shrink Sleeve Labels Market Size 2024, Forecast To 2033
6 Mar, 2024
The stretch sleeve and shrink sleeve labels market has displayed strong growth, increasing from $14.59 billion in 2023 to $15.63 billion in 2024, with a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period is attributed to factors such as brand differentiation, product visibility, regulatory compliance, and labeling requirements, consumer convenience, and sustainability initiatives. Moving forward, the market is expected to maintain strong growth, reaching $19.88 billion in 2028, with a slightly lower CAGR of 6.2%. The forecast period will be marked by increasing adoption in the beverage industry, a rise in e-commerce packaging, a focus on recyclability, the emergence of smart packaging, and globalization and standardization. Major trends in this period include increasing demand for sustainable packaging, advanced printing technologies, e-commerce packaging solutions, smart packaging integration, and adherence to regulatory compliance and labeling standards.
Global Stretch Sleeve and Shrink Sleeve Labels Market Key Driver
The growth of the stretch sleeve and shrink sleeve label markets is anticipated, propelled by the increasing demand in the food and beverage industry. This industry encompasses businesses involved in the processing, packaging, and distribution of uncooked food, with a notable example being Scotland, which in 2021 registered 1,185 companies engaged in manufacturing food and beverages, as reported by the Food & Drink Federation. Exports of food and beverages from Scotland experienced a 12% rise in 2021, reaching $7.9 billion (£5.9 billion). The sector's turnover accounted for $12.5 billion (£10.4 billion), contributing to 30% of the total Scottish manufacturing. Stretch sleeve labels and shrink sleeve labels, composed of flexible materials for 360-degree visibility, are extensively used in food and beverage packaging and branding. This surge in demand from the food and beverage industry is a key driver for the growth of the stretch sleeve and shrink sleeve label markets, with market sizes forecasted for USD 2023, 2024, and 2028.
Get A Free Sample Of The Global Stretch Sleeve and Shrink Sleeve Labels Market ReportGlobal Stretch Sleeve and Shrink Sleeve Labels Market Segments
The stretch sleeve & shrink sleeve labels market covered in this report is segmented –
1) By Type: Shrink Sleeve, Stretch Sleeve
2) By Polymer Film: Poly Vinyl Chloride (PVC), Polyethylene terephthalate glyco (PETG), Oriented Polystyrene (OPS), Polyethylene (PE), Other Polymer Films
3) By Embellishing Type: Hot Foil, Cold Foil, Other Embellishing Type
4) By Printing Technology: Rotogravure, Flexography, Digital Printing, Other Printing Technology
5) By Application: Food, Soft Drinks, Alcoholic Drinks, Cosmetics And Household, Pharmaceutical, Other Applications
By Geography:The regions covered in the stretch sleeve & shrink sleeve labels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the stretch and shrink sleeve label market in 2023. The regions covered in the stretch sleeve & shrink sleeve labels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Stretch Sleeve and Shrink Sleeve Labels Industry Players
Berry Global Inc., CCL Industries Inc., Huhtamäki Oyj, Klöckner Pentaplast Group, Fuji Seal International Inc, Hammer Packaging Corp., Sleeveco Inc., Amcor PLC, Fort Dearborn Company, Clondalkin Group Holdings B.V., Taghleef Industries LLC, Bonset America Corporation, Edwards Label Inc., Polysack Flexible Packaging Ltd., Westrock Company, Bemis Company, Silgan Holdings Inc., Sonoco Products Company, Albea Group, Pactiv LLC, Takween Advanced Industries Company, SABIC Corporate, Al Jabri Plastic Factory, Schoeller Allibert, Ardagh Group SA, Avery Dennison Corporation, Ball Corporation, Cenveo Corporation, Comexi Group Industries S.L.U., Constantia Flexibles Group GmbH, Coveris Holdings S.A., Dow Inc., Eastman Chemical Company, ExxonMobil Chemical Company, Grief Inc., Inland Label & Marketing Services LLC, Innovia Films, IPL Plastics Inc., Label Impressions Inc., Labelcraft Products Ltd., Mondi Group, Resource Label Group LLC, Sealed Air Corporation, UPM Raflatac, Vetropack Holding, WS Packaging Group Inc.
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Stretch Sleeve and Shrink Sleeve Labels Market Overview
Stretch and shrink sleeve labels refers to plastic or polyester labels that wrap around the entire perimeter of a product and conform to the unique shape of the packaging. They are flexible labeling solutions that can be used for brand image, details, and product protection in a wide range of sectors.
Stretch Sleeve and Shrink Sleeve Labels Global Market Report 2023 provides data on the global stretch sleeve and shrink sleeve labels market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The stretch sleeve and shrink sleeve labels market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.