Shrink Sleeve Labels Market Size, Share, Growth Analysis, By Application(Food & Beverage, Pharmaceuticals), By Type(Shrink, Stretch and others), By Material(PVC, PET-G) - Industry Forecast 2024-2031

Shrink Sleeve Labels Market size was valued at around USD 7.34 billion in 2021 and is expected to reach a value of USD 13.09 billion by 2028, at a CAGR of 8.62% over the forecast period (2022–2028).

Competition in the Shrink Sleeve Labels market is expected to increase during the forecast period because new players are expected to enter in the 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 market but these numbers will increase in the upcoming years. 'Berry Inc.', 'Huhtamaki Oyj', ' Cenveo Worldwide Limited', ' Fuji Seal Inc.', ' Macfarlane Group PLC', 'CCL Industries Inc.', ' Fort Dearborn Company', ' American Film and Machinery', ' Edwards Label Inc.', ' Classic Labels', ' Allen Plastic Industries Co.Ltd.', 'AXON', 'Color Craft Studios Inc.', 'Sleevevo', ' Klockner Pentaplast', ' Dow', ' Hammer Packaging', ' International Paper,'

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 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.