Press release
Stretch Sleeve & Shrink Sleeve Labels Market Size Projected To Reach $21.67 Billion By 2034 With A Cagr Of 6.9%
Stretch Sleeve & Shrink Sleeve Labels Market Size
What Is the Projected Growth of the Stretch Sleeve & Shrink Sleeve Labels Market?
The Stretch Sleeve & Shrink Sleeve Labels Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Stretch Sleeve & Shrink Sleeve Labels Market?
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What Are the Different Stretch Sleeve & 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
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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What Are the Primary Drivers Shaping the Stretch Sleeve & Shrink Sleeve Labels Market?
Growth in the stretch sleeve and shrink sleeve label markets is anticipated due to the expanding needs within the food and beverage sector. This industry represents the entire spectrum of services, from processing to packaging to distribution of raw food. Both stretch sleeve labels and shrink sleeve labels, which are fashioned out of adaptable materials so as to provide a tight fit and 360-degree visibility on containers, are often employed in these sectors for packaging and branding purposes. The World Bank Group, a U.S.-based International Trade and Development organization, revealed in October 2024 that by 2050, the world population is expected to hit 10 billion. This surge will necessitate an escalation in food production by 60% to cater to the increased demand while simultaneously grappling with the challenges of a rapidly changing climate. Therefore, heightened demand in the food and beverage sector is fuelling the expansion of the stretch sleeve and shrink sleeve label markets.
Which Companies Are Leading in 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 Are the Major Trends Shaping the Stretch Sleeve & Shrink Sleeve Labels Market?
The rise of product innovations is a prominent trend in the stretch sleeve and shrink sleeve label market. Businesses operating in this sector are tapping into innovative approaches to remain competitive. For example, CCL Industries Inc., a leading label manufacturer based in Canada, rolled out a 30-micron stretch sleeve in January 2023. This exceptionally thin yet durable stretch sleeve was designed to be thinner than the standard 45-micron counterparts, using fewer raw materials and thus reducing the product's carbon footprint.
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What Are the Top Revenue-Generating Geographies in the Stretch Sleeve & Shrink Sleeve Labels Market?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Stretch Sleeve & Shrink Sleeve Labels Market?
2. What is the CAGR expected in the Stretch Sleeve & Shrink Sleeve Labels Market?
3. What Are the Key Innovations Transforming the Stretch Sleeve & Shrink Sleeve Labels Industry?
4. Which Region Is Leading the Stretch Sleeve & Shrink Sleeve Labels Market?
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