The Business Research Company’s report on the Stretch Sleeve & Shrink Sleeve Labels Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the stretch sleeve & shrink sleeve labels market?
The increasing demand in the food and beverage industry is expected to boost the growth of the stretch sleeve and shrink sleeve label markets going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food. Stretch sleeve labels and shrink sleeve labels are frequently utilized in the food and beverage industries for packaging and branding, these labels are composed of a flexible material that can be stretched or shrunk to fit tightly around a container, providing 360-degree visibility. For instance, in October 2024, the World Bank Group, a US-based International Trade and Development organization, projected that the global population will reach 10 billion by 2050. This increase will necessitate a 60% rise in food production to meet growing demand while facing the challenges posed by accelerating climate change. Therefore, the increasing demand in the food and beverage industry is driving the growth of the stretch sleeve and shrink sleeve label markets.
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How has the stretch sleeve & shrink sleeve labels market size evolved, and what are the latest forecasts for its expansion?
The stretch sleeve & shrink sleeve labels market size has grown strongly in recent years. It will grow from$15.53 billion in 2024 to $16.59 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to brand differentiation, product visibility, regulatory compliance and labeling requirements, consumer convenience, sustainability initiatives
The stretch sleeve & shrink sleeve labels market size is expected to see strong growth in the next few years. It will grow to “$21.67 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing adoption in beverage industry, rise in e-commerce packaging, focus on recyclability, emergence of smart packaging, globalization and standardization. Major trends in the forecast period include increasing demand for sustainable packaging, advanced printing technologies, e-commerce packaging solutions, smart packaging integration, regulatory compliance and labeling standards.
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Which major companies dominate the stretch sleeve & shrink sleeve labels market?
Major companies operating in the stretch sleeve & shrink sleeve labels market include 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, Sonoco Products Company, Albea Group, Pactiv LLC, Takween Advanced Industries Company, Al Jabri Plastic Factory, Avery Dennison Corporation, Comexi Group Industries S.L.U., Constantia Flexibles Group GmbH, Coveris Holdings S.A., Dow Inc., Inland Label & Marketing Services LLC, Innovia Films, IPL Plastics Inc., Label Impressions Inc., Labelcraft Products Ltd., Mondi Group, Resource Label Group LLC, UPM Raflatac, WS Packaging Group Inc.
What trends will shape the future of the streaming media devices market?
Product innovations are a key trend gaining popularity in the stretch sleeve and shrink sleeve label market. Companies operating in the stretch sleeve and shrink sleeve label market are adopting innovative solutions to sustain their position in the market. For instance, in January 2023, CCL Industries Inc., a Canada-based company that manufactures the largest label, launched a stretch sleeve with a 30-micron thickness. This ultra-thin stretch sleeve was designed to provide ultra durability and is much thinner at 30 microns than the ‘standard’ 45-micron sleeves. This uses less raw material which helps lower the product’s carbon footprint.
Which region dominates the stretch sleeve & shrink sleeve labels market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the stretch and shrink sleeve label market in 2024. 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
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How is the stretch sleeve & shrink sleeve labels market segmented, and which segment holds the largest share?
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
Subsegments:
1) By Shrink Sleeve: Printed Shrink Sleeves, Plain Shrink Sleeves, Multi-Pack Shrink Sleeves
2) By Stretch Sleeve: Printed Stretch Sleeves, Plain Stretch Sleeves, Multi-Pack Stretch Sleeves
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How is the stretch sleeve & shrink sleeve labels market defined?
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.
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