Sleeve labels are largely used in the labeling of packaged food and beverage. Sleeve labels are extensively sought after personal care packaging solution and healthcare, due to atheistic appeal attributes and cost efficiency. In line with the packaging and labeling business, the heat shrink labels and the stretch sleeve is witnessing an incredible surge across the globe. The growing base of the global population, growing disposable incomes and the purchasing power of inhabitants in rising economies, escalating inclination for packaged food, and the growing trend of urbanization are the major aspects, which are boosting the development of the global market for the stretch sleeve and shrink labels market substantially.
The labeling industry has experienced two-fold growth in the last few years. Among multiple sections of the global stretch sleeve & shrink labels market, sleeve labels are expected to be the highest growing segment. Few aspects such as; cost efficiency, brand competitiveness, and on-shelf appeal have added to the growth of sleeve labels, globally. Similarly, the increasing demand of packaged food and beverage in consort to personal care products and health care has increased the development of sleeve labels. On the other hand, government initiatives and increasing customer awareness towards utilizing low-density, eco-friendly, and bio-degradable packaging items have put a restriction towards the development of stretch sleeve & shrink labels market. Besides, the existence of low-cost substitutes like self-adhesive labels and the pressure sensor is another restrictive aspect for the sleeve labels market.
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The global stretch sleeve & shrink labels market is divided based on type of polymer films, stretch & shrink sleeve labels, printing technology, application, ink, and region to offer an in-depth vision of the market. The stretch & shrink sleeve labels markets and applications have been enclosed, along with their geographical market set-up. The shrink sleeve labels section is anticipated to develop at the maximum rate in the coming years. The market was controlled by the PVC polymer films section, which accounted for around half of the total market in the past year.
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The major players adopted inorganic expansion strategies, for instance, acquisitions and partnerships and agreements to augment their reach in the market. These major companies aimed at intensification their position in the fully developed markets of North America and Europe and on entering the up-and-coming stretch sleeve & shrink labels market of the Middle East and Asia-Pacific region. They invested significantly to get hold of stretch & shrink sleeve labels businesses of regional as well as established major market players to strengthen their market position in those regions.
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The key players of the global stretch sleeve & shrink labels market are Berry Plastics Group Inc., CCL Industries, Cenveo, Inc., Huhtamaki OYJ, Klockner Pentaplast Group, The Dow Chemical Company, Fuji Seal International Inc., Hammer Packaging, Macfarlane Group, and Sleeveco.
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