Global Shrink Sleeve Packaging Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Shrink Sleeve Packaging market size was valued at US$ 8745 million in 2024 and is forecast to a readjusted size of USD 12030 million by 2031 with a CAGR of 4.6% during review period.

Shrink sleeve packaging refers to full-body labels made from flexible film that are wrapped around the entirety of a container and then heat-shrunk to fit the product’s shape. This packaging method offers 360-degree coverage, allowing for vibrant, high-quality branding and messaging on all sides of the product. Shrink sleeves provide a significant advantage in terms of design flexibility, as they can conform to containers of various shapes and sizes, making them ideal for products with unique or unconventional packaging. Moreover, shrink sleeves can include features such as tamper-evident seals, providing both aesthetic and functional benefits. By using this labeling method, companies can reduce costs related to separate labels, and the quick turnaround time makes it a practical option for many industries.

Market Trends and Key Players in Shrink Sleeve Packaging: The global shrink sleeve packaging market is led by key players such as Fuji Seal, CCL Industries, Multi-Color, Klockner Pentaplast, and Huhtamaki. These top five companies account for over 26% of the global market share. The Asia-Pacific region is the largest market for shrink sleeves, representing approximately 61% of total market share, followed by Europe at 19% and North America at 15%. The strong presence of the shrink sleeve market in Asia-Pacific is driven by the booming consumer goods and food and beverage industries in countries like China, Japan, and India. With the rise in packaged consumer products and the increasing demand for eye-catching packaging in retail spaces, shrink sleeves have become a favored solution for brands seeking to enhance product visibility and consumer engagement.

Future Outlook and Applications of Shrink Sleeve Packaging: The shrink sleeve packaging market is poised for steady growth, especially as the demand for visually appealing and durable packaging continues to rise. PVC (Polyvinyl Chloride) is the largest product segment, accounting for about 50% of the market share, largely due to its flexibility, printability, and cost-effectiveness. However, there is growing interest in alternative materials, such as PETG (Polyethylene Terephthalate Glycol), which offer better recyclability. In terms of application, the food and beverage industry is the dominant sector, with an 82% market share, as brands increasingly opt for shrink sleeves to differentiate their products on store shelves. The beverage segment, in particular, benefits from shrink sleeves’ ability to offer complete, moisture-resistant labeling for bottles and cans. As sustainability becomes a greater priority in the packaging industry, innovations in eco-friendly shrink sleeve materials and recycling technologies will likely drive further growth in the market. With continued advancements in printing technologies and the expansion of emerging markets, shrink sleeve packaging is expected to remain a vital part of the global packaging industry’s evolution.

This report is a detailed and comprehensive analysis for global Shrink Sleeve Packaging market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Shrink Sleeve Packaging market size and forecasts, in consumption value ($ Million), sales quantity (Million Sq.m), and average selling prices (USD/K Sq.m), 2020-2031

Global Shrink Sleeve Packaging market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Million Sq.m), and average selling prices (USD/K Sq.m), 2020-2031

Global Shrink Sleeve Packaging market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Million Sq.m), and average selling prices (USD/K Sq.m), 2020-2031

Global Shrink Sleeve Packaging market shares of main players, shipments in revenue ($ Million), sales quantity (Million Sq.m), and ASP (USD/K Sq.m), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Shrink Sleeve Packaging

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Shrink Sleeve Packaging market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Fuji Seal, CCL Industries, Multi-Color, Klockner Pentaplast, Huhtamaki, Clondalkin Group, Brook & Whittle, WestRock, Fort Dearborn Company, Yinjinda, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Shrink Sleeve Packaging market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
PVC
PETG
OPS
PE
PP
COC Films
Others

Market segment by Application
Food & Beverage
Pharmaceuticals
Personal Care
Others

Major players covered
Fuji Seal
CCL Industries
Multi-Color
Klockner Pentaplast
Huhtamaki
Clondalkin Group
Brook & Whittle
WestRock
Fort Dearborn Company
Yinjinda
Jinghong
Chengxin
Zijiang

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Shrink Sleeve Packaging product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Shrink Sleeve Packaging, with price, sales quantity, revenue, and global market share of Shrink Sleeve Packaging from 2020 to 2025.

Chapter 3, the Shrink Sleeve Packaging competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Shrink Sleeve Packaging breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Shrink Sleeve Packaging market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Shrink Sleeve Packaging.

Chapter 14 and 15, to describe Shrink Sleeve Packaging sales channel, distributors, customers, research findings and conclusion.