Stretch Sleeve & Shrink Sleeve Labels Market Report

Market Insights

The Stretch Sleeve & Shrink Sleeve Labels Market is projected to grow from USD 10.5 billion in 2020 to USD 15.5 billion by 2026 at a CAGR of over 6.8% during the forecast period.

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What are stretch and shrink sleeve labels?

Stretch and shrink sleeve labels are polyester or plastic labels that wrap the whole perimeter of a product and conform to the unique geometry of any package. Stretch labels are products of LDPE and are highly elastic and thus are often pulled over the merchandise container. Whereas shrink sleeves are applied in loose form and conform to the merchandise when exposed to heat by channeling the merchandise through a heat tunnel.

Key Players

Key players operating in the stretch sleeve & shrink sleeve labels market are-

• Bemis Company (US)
• Berry Plastic Group Inc. (US)
• Klockner Pentaplast Group (Germany)
• Amcor PLC (Switzerland)
• Clondalkin Group Holdings BV (Netherlands)
• Huhtamaki Oyj (Finland)
• Schur Flexibles (Austria)
• Cenveo Group (US)
• Taghleef Industries (US).

Market Dynamics

Late advancements in the film, printing and labeling machinery have pushed the limits of stretch sleeves and shrink sleeves applicability and opened up new lucrative opportunities in the stretch sleeve and stretch sleeve labels industry. The fast-growing beverage industry is a key consumer of stretch sleeve and shrink sleeve labels as they have transformed beverage packing and labeling, thus boosting market growth. Moreover, the increasing consumption of beverages, as well as packaged food, has propelled the industry's growth.

COVID-19 Impact

The COVID-19 outbreak moderately affected the growth of the stretch sleeve & shrink sleeve labels market. Due to the pandemic, the supply chain was disrupted in the packaging and labeling industry, which further impacted the demand and supply of the products. However, governments across the globe have deemed food-related businesses essential, owing to which the demand for shrink and stretch sleeve labels market is expected to be steady during the period.

Segment Analysis

By Type

The stretch sleeve & shrink sleeve labels market has been bifurcated into shrink sleeve and stretch sleeve. Under these, the shrink sleeve segment accounted for a significant market share in 2020. The shrink sleeves offer better flexibility to product manufacturers to use their shape to improve the marketing appeal. A twisted shape bottle may be named ‘Twister,’ or orange can be molded in the neck for orange juice. All this can be easily employed while shrink sleeves offer the flexibility for the graphics to enhance bottle design for whatever purpose the brand is trying to accomplish, thus augmenting the segment growth.

Regional Analysis

The market in Asia-Pacific accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is mainly driven by India and China's developing economies. Also, growing demand for packaged food, increasing urbanized population, easy availability of polymer films, and relatively low labor cost, further proliferate the regional growth.

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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].