Shrink Sleeve Label Market Report: Trends, Forecast and Competitive Analysis to 2030

Shrink Sleeve Label Trends and Forecast

The future of the global shrink sleeve label market looks promising with opportunities in the food & beverage, pharmaceutical, and personal care markets. The global shrink sleeve label market is expected to reach an estimated $23.8 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing demand for products with extended shelf-life and rising need for high-quality packaging.

A more than 150-page report is developed to help in your business decisions.

Shrink Sleeve Label by Segment

The study includes a forecast for the global shrink sleeve label by type, material, application, and region.

Shrink Sleeve Label Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Stretch
• Shrink

Shrink Sleeve Label Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Polyvinyl Chloride
• Polyethylene Terephthalate Glycol
• Expanded Polystyrene Films
• Polyethylene
• Polylactic Acid Films

Shrink Sleeve Label Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverage
• Pharmaceuticals
• Personal Care
• Others

Shrink Sleeve Label Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Shrink Sleeve Label Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shrink sleeve label companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shrink sleeve label companies profiled in this report include-

• Bemis
• Berry Plastic
• Klockner Pentaplast
• Amcor
• Schur Flexibles
• Cenveo
• Taghleef Industries

Shrink Sleeve Label Market Insights

Lucintel forecasts that shrink will remain the larger segment over the forecast period due to its ability to print on a 360 degree surface and can be adapted according to any complicated shape in the finished product.

Within this market, food & beverage will remain the largest segment due to significant use of shrink sleeve label in packaging of different alcoholic beverages and contemporary beverage goods.

North America will remain the largest region over the forecast period due to rapid expansion of e-commerce sector and presence of key players in the region.

Features of the Global Shrink Sleeve Label Market

Market Size Estimates: Shrink sleeve label market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Shrink sleeve label market size by type, material, application, and region in terms of value ($B).

Regional Analysis: Shrink sleeve label market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, materials, applications, and regions for the shrink sleeve label market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shrink sleeve label market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the shrink sleeve label market size?

Answer: The global shrink sleeve label market is expected to reach an estimated $23.8 billion by 2030.

Q2. What is the growth forecast for shrink sleeve label market?

Answer: The global shrink sleeve label market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the shrink sleeve label market?

Answer: The major drivers for this market are increasing demand for products with extended shelf-life and rising need for high-quality packaging.

Q4. What are the major segments for shrink sleeve label market?

Answer: The future of the shrink sleeve label market looks promising with opportunities in the food & beverage, pharmaceutical, and personal care markets.

Q5. Who are the key shrink sleeve label market companies?

Answer: Some of the key shrink sleeve label companies are as follows:

• Bemis
• Berry Plastic
• Klockner Pentaplast
• Amcor
• Schur Flexibles
• Cenveo
• Taghleef Industries

Q6. Which shrink sleeve label market segment will be the largest in future?

Answer: Lucintel forecasts that shrink will remain the larger segment over the forecast period due to its ability to print on a 360 degree surface and can be adapted according to any complicated shape in the finished product.

Q7. In shrink sleeve label market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rapid expansion of e-commerce sector and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the shrink sleeve label market by type (stretch and shrink), material (polyvinyl chloride, polyethylene terephthalate glycol, expanded polystyrene films, polyethylene, and polylactic acid films), application (food & beverage, pharmaceuticals, personal care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?