According to Stratistics MRC, the Global Stretch and Shrink Sleeves Packaging market is estimated at $10.6 billion in 2015 and is poised to reach $15.7 billion by 2022, growing at a CAGR of 5.8%. Rising demand for polymer films, growing incomes in developing economies and increasing urbanization are some of the factors driving the market growth. However, competition from substitute forms of packaging and recycling of stretch & shrink sleeve labels may hinder the market. Complex recycling method is the critical challenge for this market.
North America commanded the global stretch and shrink sleeves packaging market followed by Europe and Asia Pacific. However in Asia Pacific region, growth of stretch and shrink sleeves packaging market is moderately slow. The shrink sleeve labels segment is anticipated to grow at the highest CAGR during the forecast period. The market was dominated by the PVC polymer films segment, which is estimated for more than half of the entire market share in 2015.
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Some of the key players in the market include Genuine Package Venture, CCL Industries, Huhtamaki OYJ, Hammer Packaging, Berry Plastics Group Inc., The Dow Chemical Company, Hipac Packaging Solutions, Cenveo, Inc., Fuji Seal International Inc., Cenveo, Macfarlane Group, Klockner Pentaplast Group and Sleevevo.
Polyvinyl chloride (PVC)
Polyethylene Terephthalate (PET)
Oriented polystyrene (OPS)
Polyolefin (PO) film
Oriented polypropylene (OPP)
o Cyclic olefin copolymers (COC)
o Polylactic acid (PLA)
Type of Sleeve Labels Covered:
Stretch Sleeve Labels
Shrink Sleeve Labels
Food and Dairy
Cosmetics and Toiletries
Pharmaceuticals and Health
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Ink Technologies Covered:
Printing Technologies Covered:
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