Global Shrink Sleeve Labels Market

Shrink Sleeve Labels Market Size, Share, Growth Analysis, By Material (Polyethylene, Polyvinyl Chloride), By Printing Technology (Flexographic, Thermal Printing), By Packaging Type, By End Use, By Region - Industry Forecast 2025-2032

Report ID: SQMIG15E2418 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 92 | Figures: 74

Shrink Sleeve Labels Market Insights

Shrink Sleeve Labels Market size was valued at USD 15.6 Billion in 2023 and is poised to grow from USD 16.74 Billion in 2024 to USD 29.4 Billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).

Shrink Sleeve Labels are becoming popular since It is sustainable, allows product to let its creativity go to next level, prevents tampering, faster production, improves brand awareness. Cost effective.There are various types of Shrink sleeve labels such as full body, full body with tamper, evident cap, mid sleeve, multipack.These versatility of shrink sleeves allows more customization and creative freedom for companies to create eye-catching sleeves that pop.

Shrink sleeve labels are promoting sustainability As they are easy to add and easy to remove making them a better option than plastic or PVC. It today uses green materials which make it easy for recycling or biodegradation.Moreover, sometimes product liability can cost companies 10s of thousands of dollars in settlements and legal costs. Therefore, tamper proof shrink sleeve labels are important which can help to build customer trust, resulting in improved sales over time.

US Shrink Sleeve Labels Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Shrink Sleeve Labels Market size was valued at USD 14.5 billion in 2022 and is poised to grow from USD 15.6 billion in 2023 to USD 27.4 billion by 2031, growing at a CAGR of 7.3% during the forecast period (2024-2031).

Competition in the global Shrink Sleeve Labels market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of types and products compatible with Shrink Sleeve Labels will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'Amcor Plc (Switzerland) ', 'Avery Dennison Corporation (United States) ', 'Fuji Seal International, Inc. (Japan) ', 'Huhtamäki Oyj (Finland) ', 'Klöckner Pentaplast Europe GmbH & Co. (Germany) ', 'Multi-Color Corporation (United States) ', 'Derksen Co. (United States) ', 'OTK Group, A.S. (Norway) ', 'Traco Manufacturing, Inc. (United States) ', 'Edwards Label, Inc. (United States) ', 'Taurus Packaging (United States) ', 'Century Label (United States) ', 'USA Tape & Label (United States) ', 'CCL Industries Inc. (Canada) ', 'Constantia Flexibles (Austria) ', 'SATO Holdings Corporation (Japan) ', 'Century Label (United States) ', 'Resource Label Group, LLC (United States) ', 'Impact Sleeves (United Kingdom) ', 'Alupol Packaging S.A. (Poland)'

One of the major reasons that brands all across the world are adapting to shrink sleeves is cost effectiveness.Brands before use to create separate front and back labels. When shrink sleeve labels were introduced then it allowed brands to have a single wrap around label.Many SME and other companies even use the sleeve to wrap bundles together, which save their major cost.It can almost save the half budget of the company if it is used to Reduce packaging cost for two pack bundles.This incredible use of shrink sleeve labels will propel the growth of the market in future.

In the present era, string sleeves have emerged as one of the biggest booms in the packaging industry with their ease of use and application for packaging designer.SN developers.The major trend of utilizing a single colors container and differentiating product and lines with the label save held the businesses at large scale.

Globally,the Asia Pacific region is estimated to hold the highest global Shrink Sleeve Labels market share. Main factors during this growth period is the presence of top market players such as Fuji Seal international. and others. Major advantages provided by shrink sleeve markets such as cost effectiveness, easy availability of raw materials, demand for product labeling in highly populated countries such as India and China has led to the usage of it in the region.

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Global Shrink Sleeve Labels Market

Report ID: SQMIG15E2418

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