Global Stretch Sleeve & Shrink Sleeve Labels Market Analysis 2022
The Global Stretch Sleeve & Shrink Sleeve Labels Market is expected to reach $24.34 billion by 2028 growing at a CAGR of 7.5% from 2021 to 2028. Stretch and shrink sleeve labels are polyester that wrap the whole perimeter of a product and conform to the unique geometry of any package. Sleeve labels are colorful wraparounds around containers creating a greater aesthetic appeal.
Factors such as increasing demand from end-use industry manufacturers and anti-counterfeiting and tamper-evident properties are driving the growth of the market. However, stand-up pouches replacing bottles are restraining the growth of the market.
Based on polymer film, the polyvinyl chloride (PVC) segment is going to have a lucrative growth during the forecast period as PVC films have better dimensional stability, and conforms easily to containers of various sizes. PVC films require low heat for shrinking labels.
The key vendors mentioned are Fort Dearborn Company, Cenveo Corporation, Macfarlane Group PLC, Klöckner Pentaplast, International Paper, Huhtamaki Global, Fuji Seal International Inc., Dow Chemical, Hammer Packaging, CCL Industries Inc. and Berry Global Inc.
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