Shrink and Stretch Sleeve Label Market Size and Fo..
shrink and stretch sleeve label Market
Shrink and Stretch Sleeve Label Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Polyvinyl Chloride, Polystyrene, Polyethylene Terephthalate, Polyethylene, and Others), Product Type (Shrink Sleeves and Stretch Sleeves), Printing Technology (Flexographic, Digital Printing, Rotogravure Printing, and Others), and End-Use Industry (Food & Beverages, Pharmaceuticals, Chemicals, Consumer Goods, Personal Care & Cosmetics, Automotive & Transportation, and Others)
The global shrink and stretch sleeve label market size was valued at US$ 9,949.25 million in 2022 and is expected to reach US$ 16,359.61 million by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030.
The stretch and shrink sleeve label market reflects a dynamic landscape driven by evolving consumer preferences, technological advancements, and a focus on sustainable packaging solutions. As the packaging industry continues to grow, the demand for visually appealing and informative labels has led to the increasing adoption of stretch and shrink-sleeve labels. These labels offer a versatile solution for product differentiation with vibrant graphics and 360-degree branding. Regulatory compliance and the emphasis on eco-friendly packaging contribute to the attractiveness of sleeve labels as manufacturers seek sustainable alternatives. The market benefits from innovations in printing technologies, allowing for intricate designs and the incorporation of smart packaging features.
Technological advancements play a crucial role in shaping the landscape, with continuous innovations in printing technologies enabling intricate designs and the integration of smart packaging features. Collaboration within the industry, involving packaging companies, label manufacturers, and end-users, fosters an environment of innovation and efficiency. The versatility of stretch and shrink sleeve labels finds applications across diverse sectors, including food and beverage, pharmaceuticals, and personal care, contributing to the market's sustained growth.
Based on material, the market is segmented into polyvinyl chloride, polystyrene, polyethylene terephthalate, polyethylene, and others. Polyvinyl chloride is a versatile thermoplastic polymer known for its clarity, flexibility, and cost-effectiveness. It is often preferred for its ability to efficiently conform to the shape of packaging when heat is applied during the shrinking process. It offers a substantial shrink ratio. In the case of stretch sleeve labels, polyvinyl chloride is employed for its flexibility and durability. Based on product type, the market is bifurcated into shrink sleeves and stretch sleeves. Shrink sleeves are made from flexible plastic material that shrinks tightly to the contours of the packaging when exposed to heat. Shrink sleeves are typically made from materials such as polyvinyl chloride, polyethylene terephthalate, or other plastic films. Based on printing technology, the market is segmented into flexographic, digital printing, rotogravure printing, and others. Flexographic printing technology is known for its high-quality printing and cost-effectiveness. Therefore, the technology is a preferred choice for shrink and stretch sleeve label manufacturing. It is a repeatable process suitable for high-volume label production and adapts to various film types and thicknesses commonly used in sleeve production. Based on the end-use industry, the market is segmented into food and beverages, pharmaceuticals, chemicals, consumer goods, personal care and cosmetics, automotive and transportation, and others. Stretch and shrink-sleeve labels play a crucial role in the food & beverages industry, serving both functional and marketing purposes. Stretch and shrink-sleeve labels are widely used in food and beverage products such as juices, energy drinks, and alcoholic beverages. The protective seal of these labels prevents food and beverage products from being opened intentionally or unintentionally.
In 2022, Asia Pacific dominated the global shrink and stretch sleeve label market. The food packaging sector in Asia Pacific is large and highly fragmented. The convenience food market in the region is growing steadily and transforming the Asian food industry. The evolution of convenience retail markets in the Asia Pacific, including supermarkets, independent convenience stores, forecourt sites, discounters, and bakeries, has driven the stretch and shrink-sleeve label market. As part of the new developments in Asia Pacific, consumers prefer convenient food products and packaged food items for immediate consumption, and distributors work to meet their demands. Asia Pacific's status as a popular tourist destination and people's desire to consume outside food boost sales of packaged food products in the region. In addition, consumers in the region prefer online shopping due to their actual packaging. Thus, many manufacturers in industries such as dairy, alcoholic drinks, and other beverages have increased the use of beverage metal cans. Many international players have a strong position in the carbonated soft drinks segment. Hence, the strong presence of the beverages industry in Asia Pacific propels the demand for stretch and shrink-sleeve labels across the region.
CCL Industries Inc., Huhtamaki Oyj, Berry Global Group Inc., Amcor Plc, Coveris Management GmbH, Stratus Packaging SAS, KP Holding GmbH & Co KG, Fuji Seal International Inc, Oerlemans Plastics BV, and Maca Srl are key players operating in the global shrink and stretch sleeve label market. Market players focus on providing high-quality products to fulfill customer demand. They are also adopting strategies such as investments in research and development activities and new product launches.
The overall global shrink and stretch sleeve label market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Global shrink and stretch sleeve label market.
TABLE OF CONTENTS
1. Introduction 1.1 Scope of the Study 1.2 Market Definition, Assumptions and Limitations 1.3 Market Segmentation 2. Executive Summary 2.1 Key Insights 2.2 Market Attractiveness Analysis 3. Research Methodology 4. Shrink and Stretch Sleeve Label Market Landscape 4.1 Overview 4.2 Porter's Five Forces Analysis 4.3 Ecosystem Analysis  4.3.1 List of Vendors in the Value Chain 5. Shrink and Stretch Sleeve Label Market - Key Market Dynamics 5.1 Key Market Drivers 5.2 Key Market Restraints 5.3 Key Market Opportunities 5.4 Future Trends 5.5 Impact Analysis of Drivers and Restraints 6. Shrink and Stretch Sleeve Label Market - Global Market Analysis 6.1 Shrink and Stretch Sleeve Label - Global Market Overview 6.2 Shrink and Stretch Sleeve Label - Global Market and Forecast to 2030 7. Shrink and Stretch Sleeve Label Market - Volume (Sq. Meter), Revenue Analysis (USD Million) - By Material, 2020-2030 7.1 Overview 7.2 Polyvinyl Chloride 7.3 Polystyrene 7.4 Poly-Ethylene Terephthalate 7.5 Polyethylene 7.6 Others 8. Shrink and Stretch Sleeve Label Market - Revenue Analysis (USD Million) - By Product Type, 2020-2030 8.1 Overview 8.2 Shrink Sleeves 8.3 Stretch Sleeves 9. Shrink and Stretch Sleeve Label Market - Revenue Analysis (USD Million) - By Printing Technology, 2020-2030 9.1 Overview 9.2 Flexographic 9.3 Digital Printing 9.4 Rotogravure Printing 10. Shrink and Stretch Sleeve Label Market - Revenue Analysis (USD Million) - By End-Use Industry, 2020-2030 10.1 Overview 10.2 Food and Beverages 10.3 Pharmaceuticals 10.4 Chemicals 10.5 Consumer Goods 10.6 Personal Care and Cosmetics 10.7 Others 11. Shrink and Stretch Sleeve Label Market - Volume (Sq. Meter), Revenue Analysis (USD Million), 2020-2030 - Geographical Analysis 11.1 North America  11.1.1 North America Shrink and Stretch Sleeve Label Market Overview  11.1.2 North America Shrink and Stretch Sleeve Label Market Revenue and Forecasts to 2030  11.1.3 North America Shrink and Stretch Sleeve Label Market Volume, Revenue and Forecasts and Analysis - By Material  11.1.4 North America Shrink and Stretch Sleeve Label Market Revenue and Forecasts and Analysis - By Product Type  11.1.5 North America Shrink and Stretch Sleeve Label Market Revenue and Forecasts and Analysis - By Printing Technology  11.1.6 North America Shrink and Stretch Sleeve Label Market Revenue and Forecasts and Analysis - By End-Use Industry  11.1.7 North America Shrink and Stretch Sleeve Label Market Revenue and Forecasts and Analysis - By Countries  188.8.131.52 United States Shrink and Stretch Sleeve Label Market  184.108.40.206.1 United States Shrink and Stretch Sleeve Label Market, by Material  220.127.116.11.2 United States Shrink and Stretch Sleeve Label Market, by Product Type  18.104.22.168.3 United States Shrink and Stretch Sleeve Label Market, by Printing Technology  22.214.171.124.4 United States Shrink and Stretch Sleeve Label Market, by End-Use Industry  126.96.36.199 Canada Shrink and Stretch Sleeve Label Market  188.8.131.52.1 Canada Shrink and Stretch Sleeve Label Market, by Material  184.108.40.206.2 Canada Shrink and Stretch Sleeve Label Market, by Product Type  220.127.116.11.3 Canada Shrink and Stretch Sleeve Label Market, by Printing Technology  18.104.22.168.4 Canada Shrink and Stretch Sleeve Label Market, by End-Use Industry  22.214.171.124 Mexico Shrink and Stretch Sleeve Label Market  126.96.36.199.1 Mexico Shrink and Stretch Sleeve Label Market, by Material  188.8.131.52.2 Mexico Shrink and Stretch Sleeve Label Market, by Product Type  184.108.40.206.3 Mexico Shrink and Stretch Sleeve Label Market, by Printing Technology  220.127.116.11.4 Mexico Shrink and Stretch Sleeve Label Market, by End-Use Industry  Note - Similar analysis would be provided for below mentioned regions/countries   11.2 Europe  11.2.1 Germany  11.2.2 France  11.2.3 Italy  11.2.4 United Kingdom  11.2.5 Russia  11.2.6 Rest of Europe 11.3 Asia-Pacific  11.3.1 Australia  11.3.2 China  11.3.3 India  11.3.4 Japan  11.3.5 South Korea  11.3.6 Rest of Asia-Pacific 11.4 Middle East and Africa  11.4.1 South Africa  11.4.2 Saudi Arabia  11.4.3 U.A.E  11.4.4 Rest of Middle East and Africa 11.5 South and Central America  11.5.1 Brazil  11.5.2 Argentina  11.5.3 Rest of South and Central America 12. Pre and Post Covid-19 Impact 13. Industry Landscape 13.1 Mergers and Acquisitions 13.2 Agreements, Collaborations, Joint Ventures 13.3 New Product Launches 13.4 Expansions and Other Strategic Developments 14. Competitive Landscape 14.1 Heat Map Analysis by Key Players 14.2 Company Positioning and Concentration 15. Shrink and Stretch Sleeve Label Market - Key Company Profiles 15.1 CCL Industries  15.1.1 Key Facts  15.1.2 Business Description  15.1.3 Products and Services  15.1.4 Financial Overview  15.1.5 SWOT Analysis  15.1.6 Key Developments  Note - Similar information would be provided for below list of companies   15.2 Coveris 15.3 Berry Global Inc. 15.4 Amcor plc 15.5 Huhtamaki 15.6 Fuji Seal International, Inc. 15.7 Kl?ckner Pentaplast 15.8 STRATUS 15.9 Oerlemans Packaging 15.10 MACA S.r.l. 16. Appendix 16.1 Glossary 16.2 About 16.3 Market Intelligence Cloud
LIST OF TABLES
LIST OF FIGURES
The List of Companies -?Shrink and Stretch Sleeve Label Market
- CCL Industries Inc
- Huhtamaki Oyj
- Berry Global Group Inc
- Amcor Plc
- Coveris Management GmbH
- Stratus Packaging SAS
- KP Holding GmbH & Co KG
- Fuji Seal International Inc
- Oerlemans Plastics BV
- Maca Srl