Stretch Sleeve & Shrink Sleeve Labels Market by Polymer Film (PVC, PETG, PE, Others), Ink (Water-based, Solvent-based, UV), and Application (Food & Beverages, Pharmaceuticals, Personal Care, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026416 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 15 billion mark in 2022 and is expected to hit US$ 22 billion by 2030, recording a CAGR of 5.4% during the forecast period.

Reducing overall labeling cost

A simple price comparison proves decisive between orthodox pressure-sensitive and shrink-sleeve labels. Orthodox pressure-sensitive labels are economical in price, but they require two labels to cover both the front and back of a package/container/bottle. But, in terms of shrink-sleeve labels, only one label is required to cover the whole container. Additionally, the orthodox cover only 40% of the total body of the product, whereas shrink-sleeve labels offer 100%, with 360° printing facility. These are the factors expected to propel the market growth in the forecast period.

Within the report, the market is segmented into polymer film, ink, application, and geography. By polymer film, the market is segmented into PVC, PETG, PE Others. By ink, the market is divided into water-based, solvent-based, and UV. By application, the market is segmented into food & beverages, pharmaceutical, personal care, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Anti-counterfeiting and tamper-evident properties

The tamper-evident quality is one of the major aspects of shrink sleeve labels. The tamper-evident shrink sleeve labels are used as safety seals printed with messages such as “If the safety seal is broken, do not use,” “only for adult,” or “discard the product.” The evident products are widely used in the pharmaceutical, personal care, and food & beverages verticals, it the end product is highly sensitive. This prevents malpractices such as adulteration or reusing containers that are to be discarded. Thus, with growing demand for UAV is further expected to drive market growth in the near future.

Increasing demand in food & beverage industry

An increasing number of players entering the food & beverage industry is projected to create major opportunities for the growth of sleeve label suppliers. Shrink sleeve labels that cover a major market share are widely used in the labeling of different products but are most utilized for PET bottles in the beverage industry. Further, the consistent addition of new players offering organic and healthy food and beverages is bolstering demand for sleeve labels in the country and is further projected to drive the market growth.

Recent strategic developments in the stretch sleeve & shrink sleeve labels market

The stretch sleeve & shrink sleeve labels market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2020, CCL Industries Inc. acquired InTouch Label and Packaging Co. Inc. InTouch is a specialized short-run digital label converter. This acquisition was done to make InTouch Label and Packaging Co., Inc. (US) a part of the Avery Business segment of CCL Industries Inc.
  • In July 2020, CCL Industries Inc. launched a folding carton paperboard brand with up to 30% post-consumer recycled fiber. ReMagine facilitates high-definition print capability and superior converting performance.

The stretch sleeve & shrink sleeve labels market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Berry Global Inc., CCL Industries Inc., Huhtamaki Oyj, Klöckner Pentaplast, and Fuji Seal International are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • stretch sleeve & shrink sleeve labels manufacturer
  • Packaging related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

 

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Polymer Film
  • PVC
  • PETG
  • PE
  • Others
  • Ink
  • Water-based
  • Solvent-based
  • UV
  • Application
  • Food & Beverages
  • Pharmaceuticals
  • Personal Care
  • Others  
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Berry Global Inc.
  • CCL Industries Inc.
  • Huhtamaki Oyj
  • Klöckner Pentaplast
  • Fuji Seal International

Companies profiled
- Berry Global Inc.
- CCL Industries Inc.
- Huhtamaki Oyj
- Kl?ckner Pentaplast
- Fuji Seal International

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