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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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Stretch Sleeve & Shrink Sleeve Labels Market Size in 2022: | USD 15 Billion |
| Forecast Period: | 2022 to 2032 |
| Forecast Period 2022 to 2032 CAGR: | 7% |
| 2032 Value Projection: | USD 30 Billion |
| Historical Data for: | 2018 – 2022 |
| No. of Pages: | 210 |
| Tables, Charts & Figures: | 350 |
| Segments covered: | Polymer film, embellishing type, printing technology, and application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Stretch Sleeve & Shrink Sleeve Labels Market Scope
