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Stretch Sleeve & Shrink Sleeve Labels Market Size

  • Report ID: GMI7306
  • Published Date: Nov 2023
  • Report Format: PDF

Stretch Sleeve & Shrink Sleeve Labels Market Size

Stretch Sleeve & Shrink Sleeve Labels Market was valued at over USD 15 billion in 2022 and is estimated to register a CAGR of over 7% between 2023 and 2032. Stretch sleeve & shrink sleeve labels are specialized packaging solutions. Stretch sleeves are elastic labels that conform to container shapes without shrinking and used for tamper-evident packaging or branding. Shrink sleeves are plastic labels that, when heat is applied, shrink to tightly fit containers, providing 360-degree graphics and protection. These labels are commonly used in industries, such as food & beverage, cosmetics, and pharmaceuticals, for product differentiation, branding, and packaging efficiency.

Stretch Sleeve & Shrink Sleeve Labels Market

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The global industry is expanding rapidly owing to growing consumer preferences for packaged food and drinks. Convenient, ready-to-eat products are becoming more popular, which has increased the demand for visually appealing and informative packaging. Stretch & shrink sleeves are popular in the food & beverage industry as they provide tamper-evident features, 360-degree branding, and product differentiation. As long as the demand for packaged goods keeps growing, this trend should propel steady market expansion. For instance, in October 2023, Taghleef Industries offered a new solution with NATIVIA PLA Label coupled with biobased adhesive and inks for a compostable fruit band. Every product needs a label, but every label should be fit for the product. As fruit labels, bands, and stickers are frequently found in organic waste, they should be designed in such a way that do they do not contaminate it.

 

The stretch sleeve & shrink sleeve labels market presents a significant challenge in balancing cost-effectiveness with high-quality labeling. While companies aim to improve their products with visually appealing and informative labels, budget constraints may prevent them from investing in high-quality materials and printing methods. This fine balance can hinder market expansion, particularly for smaller businesses trying to balance the need for cost-effective solutions with maintaining label quality and consumer appeal.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for stretch sleeve & shrink sleeve labels exceeded USD 15 billion in 2022 and may register over 7% CAGR between 2023 and 2032 due to the surging popularity of specialized packaging solutions worldwide

Why is the demand for stretch sleeve & shrink sleeve labels rising through soft drinks?

North America held over 25% share of the global stretch sleeve & shrink sleeve labels industry in 2022 due to the presence of strong regional food & beverage sector along with rising stringent labeling regulations

Some of the leading stretch sleeve & shrink sleeve label companies are Berry Global Inc., CCL Industries Inc., Huhtamaki Oyj, Klöckner Pentaplast, Amcor PLC, and Fuji Seal International

Stretch Sleeve & Shrink Sleeve Labels Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 350
  • Countries covered: 21
  • Pages: 210
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