Shrink & Stretch Sleeve Labels Market Size, Share & Trends Analysis Report By Material (PVC, PET-G, PE, OPS), By Type (Shrink Sleeves & Stretch Sleeves), By Embellishing Type, By End-use, By Region, And Segment Forecasts, 2024 - 2030
Shrink & Stretch Sleeve Labels Market Size, Share & Trends Analysis Report By Material (PVC, PET-G, PE, OPS), By Type (Shrink Sleeves & Stretch Sleeves), By Embellishing Type, By End-use, By Region, And Segment Forecasts, 2024 - 2030
Market Size & Trends
The global shrink sleeve & stretch sleeve labels market size was estimated at USD 15.12 billion in 2023 and is expected to grow at a CAGR of 5.5% from 2024 to 2030.
The global market for stretch and shrink sleeves labels is poised for growth, driven by advancements in material technology, a strong demand for aesthetically pleasing packaging, and a shift towards sustainability and smart packaging solutions.
The global stretch and shrink sleeve labels market is experiencing robust growth, driven by several key factors and emerging opportunities. One of the primary market drivers is the increasing demand for visually appealing and functional packaging. Consumers are drawn to products that stand out on the shelves and stretch and shrink sleeves provide an ideal solution with their 360-degree graphics and ability to conform to complex shapes. This has led to a surge in demand across industries such as food and beverage, personal care, and pharmaceuticals.
In terms of materials, the market is witnessing a shift towards sustainable options. Regulatory pressures and consumer preference for environmentally friendly products are prompting manufacturers to explore bio-based and recyclable materials. For instance, there has been a rise in the adoption of Polyethylene Terephthalate Glycol (PET-G), which not only provides excellent clarity and shrinkage but is also more recyclable compared to traditional materials like PVC. This shift towards sustainable materials opens up new opportunities for innovation and market differentiation.
Several recent product launches highlight the trend towards sustainability and advanced functionality in this market. For example, Avery Dennison introduced a new range of shrink sleeve labels made from recycled PET, aiming to reduce the environmental footprint of packaging solutions. Similarly, CCL Industries launched EcoShrink, a new series of shrink sleeves made from bio-based polymers that offer comparable performance to conventional materials but with a lower environmental impact.
Another significant opportunity lies in the expanding use of smart labels. Integrating QR codes, RFID tags, and other interactive elements into stretch and shrink sleeves enhances the consumer experience and provides valuable data for brands. This trend is particularly relevant in the context of increasing e-commerce and the demand for product authenticity and traceability.
Global Shrink & Stretch Sleeve Labels Market Report Segmentation
This report forecasts revenue & volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the shrink & stretch sleeve labels market report based on material, type, embellishing type, end-use, and region:
Material Outlook (Volume, Million Meter Square; Revenue, USD Million, 2018 - 2030)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate Glycol (PET-G)
Polyethylene (PE)
Oriented Polystyrene (OPS)
Others
Type Outlook (Volume, Million Meter Square; Revenue, USD Million, 2018 - 2030)
Shrink Sleeve Labels
Stretch Sleeve Labels
Embellishing Type Outlook (Volume, Million Meter Square; Revenue, USD Million, 2018 - 2030)
Hot Foil
Cold Foil
Others
End-use Outlook (Volume, Million Meter Square; Revenue, USD Million, 2018 - 2030)
Food
Soft Drinks
Alcoholic Drinks
Personal Care & Cosmetics
Healthcare
Others
Regional Outlook (Volume, Million Meter Square; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
South Africa
Please note The report will be delivered in 4-8 business days upon order notification.
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.4 Information Analysis
1.4.1 Market Formulation & Data Visualization
1.4.2 Data Validation & Publishing
1.5 Research Scope and Assumptions
1.6 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Driver Impact Analysis
3.3.2 Market Restraint Impact Analysis
3.3.3 Market Opportunity Impact Analysis
3.4 Industry Analysis Tools
3.4.1 Porter’s Five Forces Analysis
3.4.2 PESTEL Analysis
Chapter 4 Active Power Steering Market: Type Estimates & Trend Analysis
4.1 Type Movement Analysis & Market Share, 2023 & 2030
4.2 Active Power Steering Market Estimates & Forecast, By Type
4.2.1 Electric Power Steering System
4.2.2 Hydraulic Power Steering System
4.2.3 Electro-Hydraulic Power Steering System
Chapter 5 Active Power Steering Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2023 & 2030
5.2 Active Power Steering Market Estimates & Forecast, By Application
5.2.1 Passenger Car
5.2.2 Commercial Vehicle
Chapter 6 Active Power Steering Market: Regional Estimates & Trend Analysis
6.1 Active Power Steering Market: Regional Outlook
6.2 North America
6.2.1 North America Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.2.2 U.S.
6.2.2.1 U.S. Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.2.3 Canada
6.2.3.1 Canada Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.2.4 Mexico
6.2.4.1 Mexico Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.3 Europe
6.3.1 Europe Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.3.2 Germany
6.3.2.1 Germany Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.3.3 UK
6.3.3.1 UK Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.3.4 France
6.3.4.1 France Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.4.2 China
6.4.2.1 China Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.4.3 India
6.4.3.1 India Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.4.4 Japan
6.4.4.1 Japan Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.4.5 Australia
6.4.5.1 Australia Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.4.6 South Korea
6.4.6.1 South Korea Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.5 Latin America
6.5.1 Latin America Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.5.2 Brazil
6.5.2.1 Brazil Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.6 MEA
6.6.1 MEA Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.6.2 UAE
6.6.2.1 UAE Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.6.3 Kingdom of Saudi Arabia (KSA)
6.6.3.1 Kingdom of Saudi Arabia (KSA) Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
6.6.4 South Africa
6.6.4.1 South Africa Active Power Steering market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 7 Competitive Landscape
7.1 Company Categorization
7.2 Financial Performance
7.3 Product Benchmarking
7.4 Company Market Share Analysis, 2023
7.5 Company Heat Map Analysis
7.6 Strategy Mapping
7.6.1 Expansion
7.6.2 Collaborations
7.6.3 Mergers & Acquisitions
7.6.4 New Application Launches
7.6.5 Partnerships
7.6.6 Others
7.7 Company List
7.7.1 AB Volvo
7.7.2 JTEKT Corporation
7.7.3 Knorr-Bremse Commercial Vehicle Systems GmbH