The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing demand in the food and beverage industries is likely to promote innovation in the manufacturing of stretch sleeve and shrink sleeve labels, boosting the market over the forecast period.

The global stretch sleeve and shrink sleeve labels market is expected to grow from $13.58 billion in 2022 to $14.59 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The global stretch sleeve and shrink sleeve labels market size is expected to reach $18.63 billion in 2027 at a CAGR of 6.3%.

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Global Stretch Sleeve And Shrink Sleeve Labels Market Segments Include:

• By Type: Shrink Sleeve, Stretch Sleeve
• By Polymer Film: Poly Vinyl Chloride (PVC), Polyethylene terephthalate glyco (PETG), Oriented Polystyrene (OPS), Polyethylene (PE), Other Polymer Films
• By Embellishing Type: Hot Foil, Cold Foil, Other Embellishing Type
• By Printing Technology: Rotogravure, Flexography, Digital Printing, Other Printing Technology
• By Application: Food, Soft Drinks, Alcoholic Drinks, Cosmetics And Household, Pharmaceutical, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global stretch sleeve and shrink sleeve labels market in 2021.

Major Market Players in the stretch sleeve and shrink sleeve labels market include Berry Global Inc., CCL Industries Inc., Huhtamäki Oyj, Klöckner Pentaplast, Fuji Seal International Inc, The Dow Chemical Company, Hammer Packaging Corp.

Product innovations are a prominent trend in the stretch sleeve and shrink sleeve label market. Companies in the stretch sleeve and shrink sleeve label market are implementing novel methods to maintain their market position. CCL Industries Inc., a Canadian business that creates the largest label, for example, launched a stretch sleeve with a 30-micron thickness in January 2023. This ultra-thin stretch sleeve was intended for extreme durability and is 30 microns thinner than’standard’ 45-micron sleeves. This uses less raw materials, lowering the product’s carbon impact.

The Stretch Sleeve And Shrink Sleeve Labels Global Market Report 2023  provides a stretch sleeve and shrink sleeve labels market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The stretch sleeve and shrink sleeve labels market forecast analyzes stretch sleeve and shrink sleeve labels market size, stretch sleeve and shrink sleeve labels market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Plastic or polyester labels that wrap around the whole perimeter of a product and conform to the particular shape of the packaging are referred to as stretch and shrink sleeve labels. They are versatile labelling solutions that may be utilised in a variety of industries for brand image, details, and product protection.

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