Shrink Sleeve Packaging Market on Track for $12.26 Billion Valuation by 2031, Growing at 4.7% CAGR | Fuji Seal, CCL Industries, Multi-Color

LOS ANGELES, United States: The report offers a complete research study of the global Shrink Sleeve Packaging market that includes accurate forecasts and analysis at global, regional, and country levels. It provides a comprehensive view of the global Shrink Sleeve Packaging market and detailed value chain analysis to help players to closely understand important changes in business activities observed across the industry. It also offers a deep segmental analysis of the global Shrink Sleeve Packaging market where key product and application segments are shed light upon. Readers are provided with actual market figures related to the size of the global Shrink Sleeve Packaging market in terms of value and volume for the forecast period 2025-2031.

The global market for Shrink Sleeve Packaging was estimated to be worth US$ 8930 million in 2024 and is forecast to a readjusted size of US$ 12260 million by 2031 with a CAGR of 4.7% during the forecast period 2025-2031.

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Market Trends and Key Players in Shrink Sleeve Packaging:

The global shrink sleeve packaging market is led by key players such as Fuji Seal, CCL Industries, Multi-Color, Klockner Pentaplast, and Huhtamaki. These top five companies account for over 26% of the global market share.

The Asia-Pacific region is the largest market for shrink sleeves, representing approximately 61% of total market share, followed by Europe at 19% and North America at 15%.

The strong presence of the shrink sleeve market in Asia-Pacific is driven by the booming consumer goods and food and beverage industries in countries like China, Japan, and India. With the rise in packaged consumer products and the increasing demand for eye-catching packaging in retail spaces, shrink sleeves have become a favored solution for brands seeking to enhance product visibility and consumer engagement.

Future Outlook and Applications of Shrink Sleeve Packaging:

The shrink sleeve packaging market is poised for steady growth, especially as the demand for visually appealing and durable packaging continues to rise. PVC (Polyvinyl Chloride) is the largest product segment, accounting for about 50% of the market share, largely due to its flexibility, printability, and cost-effectiveness. However, there is growing interest in alternative materials, such as PETG (Polyethylene Terephthalate Glycol), which offer better recyclability.

In terms of application, the food and beverage industry is the dominant sector, with an 82% market share, as brands increasingly opt for shrink sleeves to differentiate their products on store shelves. The beverage segment, in particular, benefits from shrink sleeves' ability to offer complete, moisture-resistant labeling for bottles and cans.

As sustainability becomes a greater priority in the packaging industry, innovations in eco-friendly shrink sleeve materials and recycling technologies will likely drive further growth in the market. With continued advancements in printing technologies and the expansion of emerging markets, shrink sleeve packaging is expected to remain a vital part of the global packaging industry's evolution.

Details of Shrink Sleeve Packaging Market Segmentation: -

Key Manufacturers Operating in the Global Shrink Sleeve Packaging Market are:

Fuji Seal
CCL Industries
Multi-Color
Klockner Pentaplast
Huhtamaki
Clondalkin Group
Brook & Whittle
WestRock
Fort Dearborn Company
Yinjinda
Jinghong
Chengxin
Zijiang

Segment by Type:

PVC
PETG
OPS
PE
PP
COC Films
Others

Segment by Application:

Food & Beverage
Pharmaceuticals
Personal Care
Others

Our market analysts are experts in deeply segmenting the global Shrink Sleeve Packaging market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Shrink Sleeve Packaging market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Shrink Sleeve Packaging market and plan powerful business tactics to secure a position of strength in the industry.

Market Forecast

Our analysts gave importance to systematic data collection as one of the initial steps taken for successful sizing and forecasting of the global Shrink Sleeve Packaging market. Proprietary models of market segments integrating data from the supply and demand sides of the global Shrink Sleeve Packaging market were incorporated for the generation of critical market forecasts and data. The authors of the report then used standard processes for structured validation of preliminary values in the market model. This helped them to adjust the market model accordingly. Our analysts follow industry-best primary and secondary research techniques for accurate assessment and forecasting of key market segments and sub-segments.

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Table of Contents

1 Market Overview
1.1 Shrink Sleeve Packaging Product Introduction
1.2 Global Shrink Sleeve Packaging Market Size Forecast
1.2.1 Global Shrink Sleeve Packaging Sales Value (2020-2031)
1.2.2 Global Shrink Sleeve Packaging Sales Volume (2020-2031)
1.2.3 Global Shrink Sleeve Packaging Sales Price (2020-2031)
1.3 Shrink Sleeve Packaging Market Trends & Drivers
1.3.1 Shrink Sleeve Packaging Industry Trends
1.3.2 Shrink Sleeve Packaging Market Drivers & Opportunity
1.3.3 Shrink Sleeve Packaging Market Challenges
1.3.4 Shrink Sleeve Packaging Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Shrink Sleeve Packaging Players Revenue Ranking (2024)
2.2 Global Shrink Sleeve Packaging Revenue by Company (2020-2025)
2.3 Global Shrink Sleeve Packaging Players Sales Volume Ranking (2024)
2.4 Global Shrink Sleeve Packaging Sales Volume by Company Players (2020-2025)
2.5 Global Shrink Sleeve Packaging Average Price by Company (2020-2025)
2.6 Key Manufacturers Shrink Sleeve Packaging Manufacturing Base and Headquarters
2.7 Key Manufacturers Shrink Sleeve Packaging Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Shrink Sleeve Packaging
2.9 Shrink Sleeve Packaging Market Competitive Analysis
2.9.1 Shrink Sleeve Packaging Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Shrink Sleeve Packaging Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Shrink Sleeve Packaging as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 PVC
3.1.2 PETG
3.1.3 OPS
3.1.4 PE
3.1.5 PP
3.1.6 COC Films
3.1.7 Others
3.2 Global Shrink Sleeve Packaging Sales Value by Type
3.2.1 Global Shrink Sleeve Packaging Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Shrink Sleeve Packaging Sales Value, by Type (2020-2031)
3.2.3 Global Shrink Sleeve Packaging Sales Value, by Type (%) (2020-2031)
3.3 Global Shrink Sleeve Packaging Sales Volume by Type
3.3.1 Global Shrink Sleeve Packaging Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Shrink Sleeve Packaging Sales Volume, by Type (2020-2031)
3.3.3 Global Shrink Sleeve Packaging Sales Volume, by Type (%) (2020-2031)
3.4 Global Shrink Sleeve Packaging Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Food & Beverage
4.1.2 Pharmaceuticals
4.1.3 Personal Care
4.1.4 Others
4.2 Global Shrink Sleeve Packaging Sales Value by Application
4.2.1 Global Shrink Sleeve Packaging Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Shrink Sleeve Packaging Sales Value, by Application (2020-2031)
4.2.3 Global Shrink Sleeve Packaging Sales Value, by Application (%) (2020-2031)
4.3 Global Shrink Sleeve Packaging Sales Volume by Application
4.3.1 Global Shrink Sleeve Packaging Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Shrink Sleeve Packaging Sales Volume, by Application (2020-2031)
4.3.3 Global Shrink Sleeve Packaging Sales Volume, by Application (%) (2020-2031)
4.4 Global Shrink Sleeve Packaging Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Shrink Sleeve Packaging Sales Value by Region
5.1.1 Global Shrink Sleeve Packaging Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Shrink Sleeve Packaging Sales Value by Region (2020-2025)
5.1.3 Global Shrink Sleeve Packaging Sales Value by Region (2026-2031)
5.1.4 Global Shrink Sleeve Packaging Sales Value by Region (%), (2020-2031)
5.2 Global Shrink Sleeve Packaging Sales Volume by Region
5.2.1 Global Shrink Sleeve Packaging Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Shrink Sleeve Packaging Sales Volume by Region (2020-2025)
5.2.3 Global Shrink Sleeve Packaging Sales Volume by Region (2026-2031)
5.2.4 Global Shrink Sleeve Packaging Sales Volume by Region (%), (2020-2031)
5.3 Global Shrink Sleeve Packaging Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Shrink Sleeve Packaging Sales Value, 2020-2031
5.4.2 North America Shrink Sleeve Packaging Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Shrink Sleeve Packaging Sales Value, 2020-2031
5.5.2 Europe Shrink Sleeve Packaging Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Shrink Sleeve Packaging Sales Value, 2020-2031
5.6.2 Asia Pacific Shrink Sleeve Packaging Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Shrink Sleeve Packaging Sales Value, 2020-2031
5.7.2 South America Shrink Sleeve Packaging Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Shrink Sleeve Packaging Sales Value, 2020-2031
5.8.2 Middle East & Africa Shrink Sleeve Packaging Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Shrink Sleeve Packaging Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Shrink Sleeve Packaging Sales Value
6.2.1 Key Countries/Regions Shrink Sleeve Packaging Sales Value, 2020-2031
6.2.2 Key Countries/Regions Shrink Sleeve Packaging Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Shrink Sleeve Packaging Sales Value, 2020-2031
6.3.2 United States Shrink Sleeve Packaging Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Shrink Sleeve Packaging Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Shrink Sleeve Packaging Sales Value, 2020-2031
6.4.2 Europe Shrink Sleeve Packaging Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Shrink Sleeve Packaging Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Shrink Sleeve Packaging Sales Value, 2020-2031
6.5.2 China Shrink Sleeve Packaging Sales Value by Type (%), 2024 VS 2031
6.5.3 China Shrink Sleeve Packaging Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Shrink Sleeve Packaging Sales Value, 2020-2031
6.6.2 Japan Shrink Sleeve Packaging Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Shrink Sleeve Packaging Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Shrink Sleeve Packaging Sales Value, 2020-2031
6.7.2 South Korea Shrink Sleeve Packaging Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Shrink Sleeve Packaging Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Shrink Sleeve Packaging Sales Value, 2020-2031
6.8.2 Southeast Asia Shrink Sleeve Packaging Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Shrink Sleeve Packaging Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Shrink Sleeve Packaging Sales Value, 2020-2031
6.9.2 India Shrink Sleeve Packaging Sales Value by Type (%), 2024 VS 2031
6.9.3 India Shrink Sleeve Packaging Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Fuji Seal
7.1.1 Fuji Seal Company Information
7.1.2 Fuji Seal Introduction and Business Overview
7.1.3 Fuji Seal Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Fuji Seal Shrink Sleeve Packaging Product Offerings
7.1.5 Fuji Seal Recent Development
7.2 CCL Industries
7.2.1 CCL Industries Company Information
7.2.2 CCL Industries Introduction and Business Overview
7.2.3 CCL Industries Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 CCL Industries Shrink Sleeve Packaging Product Offerings
7.2.5 CCL Industries Recent Development
7.3 Multi-Color
7.3.1 Multi-Color Company Information
7.3.2 Multi-Color Introduction and Business Overview
7.3.3 Multi-Color Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Multi-Color Shrink Sleeve Packaging Product Offerings
7.3.5 Multi-Color Recent Development
7.4 Klockner Pentaplast
7.4.1 Klockner Pentaplast Company Information
7.4.2 Klockner Pentaplast Introduction and Business Overview
7.4.3 Klockner Pentaplast Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Klockner Pentaplast Shrink Sleeve Packaging Product Offerings
7.4.5 Klockner Pentaplast Recent Development
7.5 Huhtamaki
7.5.1 Huhtamaki Company Information
7.5.2 Huhtamaki Introduction and Business Overview
7.5.3 Huhtamaki Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Huhtamaki Shrink Sleeve Packaging Product Offerings
7.5.5 Huhtamaki Recent Development
7.6 Clondalkin Group
7.6.1 Clondalkin Group Company Information
7.6.2 Clondalkin Group Introduction and Business Overview
7.6.3 Clondalkin Group Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Clondalkin Group Shrink Sleeve Packaging Product Offerings
7.6.5 Clondalkin Group Recent Development
7.7 Brook & Whittle
7.7.1 Brook & Whittle Company Information
7.7.2 Brook & Whittle Introduction and Business Overview
7.7.3 Brook & Whittle Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Brook & Whittle Shrink Sleeve Packaging Product Offerings
7.7.5 Brook & Whittle Recent Development
7.8 WestRock
7.8.1 WestRock Company Information
7.8.2 WestRock Introduction and Business Overview
7.8.3 WestRock Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 WestRock Shrink Sleeve Packaging Product Offerings
7.8.5 WestRock Recent Development
7.9 Fort Dearborn Company
7.9.1 Fort Dearborn Company Company Information
7.9.2 Fort Dearborn Company Introduction and Business Overview
7.9.3 Fort Dearborn Company Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Fort Dearborn Company Shrink Sleeve Packaging Product Offerings
7.9.5 Fort Dearborn Company Recent Development
7.10 Yinjinda
7.10.1 Yinjinda Company Information
7.10.2 Yinjinda Introduction and Business Overview
7.10.3 Yinjinda Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Yinjinda Shrink Sleeve Packaging Product Offerings
7.10.5 Yinjinda Recent Development
7.11 Jinghong
7.11.1 Jinghong Company Information
7.11.2 Jinghong Introduction and Business Overview
7.11.3 Jinghong Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Jinghong Shrink Sleeve Packaging Product Offerings
7.11.5 Jinghong Recent Development
7.12 Chengxin
7.12.1 Chengxin Company Information
7.12.2 Chengxin Introduction and Business Overview
7.12.3 Chengxin Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Chengxin Shrink Sleeve Packaging Product Offerings
7.12.5 Chengxin Recent Development
7.13 Zijiang
7.13.1 Zijiang Company Information
7.13.2 Zijiang Introduction and Business Overview
7.13.3 Zijiang Shrink Sleeve Packaging Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Zijiang Shrink Sleeve Packaging Product Offerings
7.13.5 Zijiang Recent Development

8 Industry Chain Analysis
8.1 Shrink Sleeve Packaging Industrial Chain
8.2 Shrink Sleeve Packaging Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Shrink Sleeve Packaging Sales Model
8.5.2 Sales Channel
8.5.3 Shrink Sleeve Packaging Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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