Global Shrink Sleeve - Stretch Sleeve Labels Market – Industry Trends and Forecast to 2030

Global Shrink Sleeve - Stretch Sleeve Labels Market, By Type (Stretch, Shrink), Polymer Film (PVC (Polyvinyl Chloride), PET-G (Polyethylene Terephthalate Glycol), OPS (Oriented Polystyrene), PLA (Polylactic Acid), PE (Polyethylene)), Printing Technology (Gravure, Flexography, Digital), Ink (Water Based, Solvent Based, UV), Application (Beverages, Food, Personal care, Health care, Others) - Industry Trends and Forecast to 2030.

Shrink Sleeve - Stretch Sleeve Labels Market Analysis and Size

The essential factors contributing to the growth of the global shrink sleeve - stretch sleeve labels market in the forecast period of 2023 to 2030 include the easy availability of increased printing area and 360-degree display. Also, the increased demand for polymer films and anti-counterfeiting features is significantly contributing to the market’s growth. Furthermore, expanding demand for packaged food and beverages is expected to drive market growth.

Data Bridge Market Research analyses that the global shrink sleeve - stretch sleeve labels market which was USD 13.49 billion in 2022, is expected to reach USD 18.76 billion by 2030, growing at a CAGR of 4.21% during the forecast period of 2023 to 2030. In 2023, the beverages segment will dominate the market due to the expanding demand for packaged food and beverages. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Shrink Sleeve - Stretch Sleeve Labels Market Scope and Segmentation

Market Definition

Sleeve and shrink sleeve labels are formed of polymer materials that shrink when heat is applied to the product surface. Graphics can be printed all the way around the product container with sleeve and shrink sleeve labelling.

Global Shrink Sleeve - Stretch Sleeve Labels Market Dynamics

Drivers

• Increased Demand for Polymer Films and Anti-Counterfeiting Features

The increased demand for polymer films in shrink sleeves and stretch sleeve labels provides versatile, durable packaging solutions for various containers. Simultaneously, the integration of anti-counterfeiting features enhances brand security, attracting both consumers and manufacturers. These factors contribute to market growth by offering effective packaging and safeguarding products against counterfeiting threats.

• Easy Availability of Increased Printing Area and 360-Degree Display

The easy availability of increased printing area and 360-degree display offered by shrink sleeves and stretch sleeve labels is a significant driver in the global shrink sleeve - stretch sleeve labels market. This expanded canvas allows for intricate and engaging graphics, brand storytelling, and product information. The 360-degree display ensures maximum visibility on store shelves, enhancing product appeal and attracting consumer attention. These features help brands differentiate themselves, boost shelf presence, and ultimately drive market demand for these innovative labelling solutions.

Opportunity

• Expanding Demand for Packaged Food and Beverage

The expanding demand for packaged food and beverages presents a significant opportunity in the global shrink sleeve - stretch sleeve labels market. As consumers increasingly seek convenience, attractive packaging becomes essential for product differentiation. Shrink sleeves and stretch sleeve labels offer eye-catching, informative designs and adaptability to various packaging shapes, making them ideal for this growing sector. Meeting the rising demand for visually appealing, functional packaging in the food and beverage industry can drive substantial growth and market expansion.

Restraint/Challenge

• Complex Recycling Process

The complex recycling process associated with shrink sleeve and stretch sleeve labels poses a challenge in the global shrink sleeve - stretch sleeve labels market. These labels often use different materials than the packaging, making separation and recycling difficult. The sleeves may require additional processing steps, increasing costs and environmental impact. Ensuring sustainability and addressing recycling challenges are crucial for the industry to align with eco-friendly trends and regulatory requirements, thereby minimizing environmental concerns.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Shrink Sleeve - Stretch Sleeve Labels Market Scope   

The global shrink sleeve - stretch sleeve labels market is segmented on the basis of type, polymer film, printing technology and ink. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Stretch
• Shrink

Polymer Film

• PVC (Polyvinyl Chloride)
• PET-G (Polyethylene Terephthalate Glycol)
• OPS (Oriented Polystyrene)
• PLA (Polylactic Acid)
• PE (Polyethylene)

Printing Technology

• Gravure
• Flexography
• Digital

Ink 

• Water Based
• Solvent Based
• UV

Application

• Beverages
• Food
• Personal care
• Health care
• Others

Global Shrink Sleeve - Stretch Sleeve Labels Market Regional Analysis/Insights

Global shrink sleeve - stretch sleeve labels market is analysed and market size insights and trends are provided by type, film, printing technology, ink and application as referenced above.

The countries covered in the global shrink sleeve - stretch sleeve labels market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Asia-Pacific is expected to dominate the shrink sleeve - stretch sleeve labels market due to the growing demand for packaged food, easy availability of polymer films and swift industrialization in emerging economies in this region. North America is expected to grow at the fastest rate during the forecast period of 2023 to 2030 due to the shifting plans of manufacturers in this region.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Shrink Sleeve - Stretch Sleeve Labels Market Share Analysis

The shrink sleeve - stretch sleeve labels market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company's focus related to global shrink sleeve - stretch sleeve labels market.

Some of the major players operating in the global shrink sleeve - stretch sleeve labels market are:

• Berry Global Inc. (U.S.)
• Huhtamaki Oyj (Finland)
• Cenveo Worldwide Limited (U.S.)
• Fuji Seal Inc. (Japan)
• Macfarlane Group PLC (U.K.)
• CCL Industries Inc. (Canada)
• Fort Dearborn Company (U.S.)
• American Film and Machinery (U.S.)
• Edwards Label Inc. (U.S.)
• Classic Labels (U.S.)
• Allen Plastic Industries Co., Ltd. (Taiwan)
• AXON (U.S.)
• Color Craft Studious Inc. (U.S.)
• Sleevevo (U.S.)
• Klockner Pentaplast (Germany)
• Dow (U.S.)
• Hammer Packaging (U.S.)
• International Paper (U.S.)