According to the recent study the stretch sleeve & shrink sleeve label market is projected to reach an estimated $19 billion by 2028 from $14 billion in 2023, at a CAGR of 6.3% from 2023 to 2028. Growth in this market is primarily driven by growing demand for polymer films and anti-counterfeiting features and escalating need for packaging materials that are biodegradable, low-density, and environmentally friendly.
A more than 150–page
report is developed to understand trends, opportunities and forecast in stretch
sleeve & shrink sleeve label market by product type (shrink sleeve and
stretch sleeve), material (PVC, PET, PE, OPP & OPS, and others), end use
industry (food, soft drinks, alcoholic drinks, cosmetics & household,
pharmaceutical, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World).
“PVC market is expected to remain the largest segment during the
forecast period.”
Based on material, the
stretch sleeve & shrink sleeve label market is segmented into PVC, PET, PE,
OPP & OPS, and others. Lucintel forecasts that the PVC market is expected
to remain the largest segment due to the increasing usage of PVC sleeve labels
in various end use industries because to their affordability, better
dimensional stability, and sustainability.
“Within the stretch sleeve & shrink sleeve label market, the food
segment is expected to remain the largest end use industry.”
Based on end use
industry the food segment is expected to witness the highest growth over the
forecast period due to the wide application of these printed labels on food
products because of their tamper-evident feature and high-quality visuals and
text on these labels for branding purposes.
“Asia pacific will dominate the stretch sleeve & shrink sleeve
label market in near future.”
APAC will remain the largest
region due to the huge demand for packaged foods among population, widespread
availability of affordable polymer films, and on-going urbanization in the
region.
Major players of stretch
sleeve & shrink sleeve label market are adopting various growth strategies
like new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Berry
Plastic, Klockner Pentaplast, Bemis Company, Taghleef Industries, and Amcor are
among the major stretch sleeve & shrink sleeve label providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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