The market for stretch sleeve labels is anticipated to reach a value of US$ 5.6 billion in 2022 and grow at a CAGR of 7.1% to US$ 11.8 billion by the end of 2032. Stretch sleeve label demand is anticipated to increase, with the top 3 nations accounting for 30-35% of the global market by 2022.
Stretch sleeve labels will make up about 15% of the $40 billion global label market in 2022. Future Industry Insights (FMI) estimates that the stretch sleeve labels market will generate US$5.6 billion in sales by 2021. By the end of 2032, the global stretch sleeve labels market is projected to grow 2.0 times its current market value.
Moreover, rising regulatory requirement for labelling propels the demand for stretch sleeve labels, especially in the food, beverage, pharmaceuticals, personal care & cosmetics, and other industries. Advancement in technology and development of the latest stretch sleeve labels applicator creates a growth opportunity for the stretch sleeve labels market during the forecast period.
Rising production of various products and the development of new products augment the sales of stretch sleeve labels in the industry. The stretch sleeve labels can be applied to any container with different shapes which adds to the benefits of the stretch sleeve labels.
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Key Takeaways from Stretch Sleeve Labels Market
- Polyvinyl chloride (PVC) segment under material type is estimated to represent a dominating market share throughout the forecast period.
- In terms of end-use, the beverages industry is a significant lucrative for the stretch sleeve labels market. It is anticipated to accelerate with a CAGR of 7.3% in the global stretch sleeve labels market.
- North America and Europe are estimated to remain the major revenue-generating region for the stretch sleeve labels market.
- Stretch sleeve labels market is expected to reach a valuation of US$ 5.9 Bn by the end of 2022
"Innovations in stretch sleeve labels market are going to transform the industry in terms of sustainability and several breakthroughs are already in the market that can be leveraged." -says FMI Analyst
Rising Consumption of Carbonated and Non-Carbonated Drinks to Boost Stretch Sleeve Labels Market
Shrink sleeve labels are used in the beverage industry on a daily basis for labelling bottles of different shapes and sizes. The demand for a variety of carbonated and non-carbonated drinks has witnessed a sharp rise in the last couple of years.
Growing consumption of non-carbonated and carbonated drinks is due to the increasing millennials in developing countries along with the increasing disposable incomes of consumers. Furthermore, changing preference toward a healthier lifestyle contributes to the massive demand for non-carbonated drinks such as juices, flavored water, and coconut water.
Growth in the demand for such types of drinks, especially for non-carbonated drinks, ultimately creates considerable demand for shrink sleeve labels for labelling bottles on large scale.
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Stretch Sleeve Labels Market Landscape
- CCL Industries Inc.,
- Huhtamaki Oyj,
- Klöckner Pentaplast Europe GmbH & Co. KG,
- Pregis LLC,
- Atlantic Packaging, and
- Multi-Color Corporation
are some of the key players operating in the stretch sleeve labels market.
- Walle Corporation,
- OTK GROUP, a.s.,
- Alupol SA, and
- Berkshire Labels Limited
are also the noticeable players in the stretch sleeve labels market. The tier 1 players in the stretch sleeve labels market hold around 15-20% of the global market share.
Stretch Sleeve Labels Market by Category
By Material Type:
- Polythene Terephthalate Glycol (PETG)
- Polyvinyl Chloride (PVC)
- Polylactic acid (PLA)
- Oriented Polystyrene (OPS)
- Polypropylene (PP)
- Polyethylene (PE)
- Other Materials
By Printing Technology:
- Rotogravure Printing
- Flexographic Printing
- Offset Printing
- Letterpress Printing
By End Use:
- Personal care & Cosmetics
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Global Packaging Industry Analysis
3.4. Key Industry Perspective: What Industry Leaders are saying?
3.5. Value Chain Analysis
Linerless Labels Market: The global linerless labels market is likely to reach US$ 2.5 Bn by the year 2029 at a CAGR of 4.9% between 2022 and 2029.
Multi-Part Labels Market: Multi-part labels are additional labels with part-specific content, aside from the base label on the packed products.
Shrink Sleeve Labels Market: The shrink sleeve labels market is likely to record a CAGR of 6% through 2032. The shrink sleeve labels market is likely to be valued at US$ 28.47 Bn by 2032, up from US$ 15.90 Bn in 2022
About Future Market Insights, Inc.
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