According to MRFR analysis, the global Shrink Sleeve Labels market is expected to register a CAGR of ~6.4% from 2022 to 2030 and hold a value of over USD 27.9 Billion by 2030.
Shrink sleeve labels are plastic labels that are applied to containers by heat shrinking the label to fit tightly around the container. They are commonly used in the packaging of beverages, foods, and consumer goods to provide branding, tamper-evidence, and product information. The global shrink sleeve labels market refers to the production and sales of these labels worldwide. The easiest and best labels for products exposed to a lot of wetness and friction are shrink sleeve labels. It contains 360-degree printed labels that use heat during the application process to mould the label to the contour of the container, is printed in full colour, and has abrasion and moisture resistance. The labels are frequently applied to glass, plastic, or aluminium cans and are normally printed on polyester or plastic material.
The COVID-19 pandemic has had a significant impact on the Shrink Sleeve Labels Market Size. The pandemic has disrupted supply chains, leading to raw material shortages and delays in the production and delivery of shrink sleeve labels. In addition, the closure of businesses and reduced consumer spending has resulted in a decrease in demand for shrink sleeve labels, particularly in the food and beverage industry.
Regional Analysis
Region-wise, the global shrink sleeve labels market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific region has undergone notable changes in the shrink sleeve & stretch sleeve label market, with the highest market growth occurring in economies such as China, India, and Japan, among others. These countries are currently witnessing an increasing demand for packaged food. Furthermore, the high availability of polymer films and low labor costs are creating a lucrative market for the shrink sleeve market in this region.
Market Segmentation
By item Shrink sleeve: flexible sleeves
Through the use of printing: Gravure, Flexography, Inkjet printing, Using water-based in, Solvent-based UV
By using decorative type: oil Heated foil foil
PVC, as a material: Among all the materials offered in the market for shrink sleeve labels, PET PE OPP OPS PO PLA PVC holds the highest share. This is due to the items' cost-effectiveness when compared to other materials on the mark
By customers: Food and beverage businesses Alcoholic beverages
pharmaceutical industry and the cosmetics sector.
key players
- Bemis Company
- Berry Plastic Group
- Klockner Pentaplast Group
- Amcor PLC
- Clondalkin Group Holdings
- Huhtamaki Oyj
- Schur Flexibles
- Cenveo Group
- Taghleef industries
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