Shrink Sleeve & Stretch Sleeve Labels Market worth 13.20 Billion USD by 2020

Increasing demand for sustainable polymer films, 3600 display, and tamper-evident also drive the growth of the stretch sleeve & shrink sleeve labels market. The tangled recycling process is the most challenging concern in the market.

The report “Shrink Sleeve & Stretch Sleeve Labels Market by Polymer Film (PVC, PETG, OPS, PE and Others), by Type (Shrink and Stretch), by Ink & Printing Technology, by Application (Food, Beverages, Personal Care and Others), by Region - Global Forecast to 2020”, defines and segments the global stretch & shrink sleeve labels market with analysis and forecasting of the global volumes and values for the stretch & shrink sleeve labels market. It also identifies the driving and restraining factors of the market with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges.

Browse 88 market data tables and 53 figures spread through 158 pages and in-depth TOC on “Shrink Sleeve & Stretch Sleeve Labels Market - Global Forecast to 2020”

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The market is segmented on the basis of volumes and values, into major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented in terms of volumes and values, on the basis of type, raw material, and application.

The stretch & shrink sleeve labels market is buyer-oriented. It has shown substantial growth due to the rising urbanized population, resurgence of the packaging and labeling industry in developing economies, increasing demand for packaged food, and emphasis on the usage of sustainable materials. The keys aspects such as tamper-evident & anti-counterfeiting facility, 360° display, and extra printing space have fostered the market.

The U.S., China, Japan, Germany, Brazil, Argentina, Canada, India, and South Africa are investing large amounts in the labeling and packaging industry; hence, it is important to achieve rapid and sustained economic growth. Major players in the market are developing new techniques to achieve sustainability.

The global stretch & shrink sleeve labels market is projected to reach USD 13.20 Billion by 2020, at a CAGR of 5.5% from 2015 to 2020. The Asia-Pacific region dominated the market followed by Europe and North America in 2014. Developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020.

The most severe challenge that the stretch & shrink sleeve labels market faces is the recycling of the labels. The stretch & shrink sleeve labels market is growing at a steady pace; however, it is also creating extensive waste. The issue becomes more critical as the recycling process is highly complex and requires large amount of capital.

The global stretch & shrink sleeve labels market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches and innovations are the key strategies adopted by market players to ensure their growth in the market. The key players include Berry Plastics Group Inc. (U.S.), CCL Industries (Canada), Cenveo, Inc. (U.S.), Huhtamaki OYJ (Finland), Klockner Pentaplast Group (Germany), The Dow Chemical Company (U.S.), Fuji Seal International Inc. (Japan), Hammer Packaging (U.S.), Macfarlane Group (U.K.), and Sleeveco (U.S.).

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This report estimates the market size of the global shrink sleeve & stretch sleeve labels market in terms of value (USD million) and volume (million m2). In this report, the market is broadly segmented based on type, polymer film, application, printing technology, ink, and region. Market drivers, restraints, challenges, material, and product price trends are discussed in detail. Market share, by all the major players, is discussed in detail for the overall market. The shrink sleeve & stretch sleeve labels market has grown significantly in the last few years and this trend is expected to continue.

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