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    Stretch Sleeve & Shrink Sleeve Labels Market Report

    Stretch Sleeve & Shrink Sleeve Labels Market Report
    Report code - SR1414 Delivery - 2 Weeks
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    Stretch Sleeve & Shrink Sleeve Labels Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Stretch Sleeve & Shrink Sleeve Labels Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Stretch Sleeve & Shrink Sleeve Labels Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    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.

    Figure: Stretch Sleeve & Shrink Sleeve Labels Market Size, 2020-2026 (USD Billion)

    Stretch-Sleeve-&-Shrink-Sleeve-Labels-Market-Forecast

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    What are stretch and shrink sleev 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 product 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 the stretch sleeve and shrink sleeve labels as they have transformed beverage packing and labeling, thus boosting the market growth. Moreover, the increasing consumption of beverages, as well as packaged food, has propelled the industry's growth.

    Segments' Analysis

    Type Trends

    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 Trends

    By region, 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.

    COVID-19 Impact on Stretch Sleeve & Shrink Sleeve Labels Market

    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.

    Critical Questions Answered in the Report

    • What are the key trends in the global stretch sleeve & shrink sleeve labels market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global stretch sleeve & shrink sleeve labels market?
    • What are the key strategies adopted by the major vendors to lead in the global stretch sleeve & shrink sleeve labels market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the Stretch Sleeve & Shrink Sleeve Labels Market hopes to have the greatest opportunity to convert-

    • Stretch Sleeve & Shrink Sleeve Labels distributors
    • Stretch Sleeve & Shrink Sleeve Labels suppliers
    • Stretch Sleeve & Shrink Sleeve Labels manufacturers
    • Logistics organizations
    • Government bodies

    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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The stretch sleeve & shrink sleeve labels market size is expected to reach USD 15.5 billion in the coming years.

    Bemis Company (US), Berry Plastic Group Inc. (US), Klockner Pentaplast Group (Germany), Amcor PLC (Switzerland), Clondalkin Group Holdings BV (Netherlands), Huhtamaki Oyj (Fin-land), Schur Flexibles (Austria), Cenveo Group (US), and Taghleef Industries (US) are among the key players in the stretch sleeve & shrink sleeve labels market.

    The stretch sleeve & shrink sleeve market is expected to witness an impressive growth of 6.8% CAGR in the foreseeable future.

    The shrink sleeve segment accounted for a significant share in the stretch sleeve & shrink sleeve market in 2020.

    Asia-pacific is expected to grow at a significant CAGR in the stretch sleeve & shrink sleeve labels market in the coming years.

    Stretch Sleeve & Shrink Sleeve Labels distributors, Stretch Sleeve & Shrink Sleeve Labels suppliers, Stretch Sleeve & Shrink Sleeve Labels manufacturers, Logistics organizations, Government bodies are the target audience in the stretch sleeve & shrink sleeve labels market.

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