Stretch sleeve labels are a type of ready-to-use labels that are applied to containers without the need for adhesives. These labels are commonly made from plastic materials such as polyethylene terephthalate glycol (PETG) to suit different requirements.
Stretch sleeve labels find wide applications in industries like food, beverage, pharmaceuticals, personal care & cosmetics, homecare, and others. One of the key advantages of stretch sleeve labels is their cost-effectiveness since they don’t require adhesive for application. Additionally, these labels offer full-container coverage, making them popular among various end-use industries.
The increasing regulatory requirements for labeling, particularly in industries like food, beverage, pharmaceuticals, personal care & cosmetics, are driving the demand for stretch sleeve labels. Technological advancements and the development of new applicators for stretch sleeve labels create growth opportunities in the market.
The growing production of different products and the introduction of new items further drive the sales of stretch sleeve labels in various industries. Another advantage of these labels is their ability to be applied to containers of various shapes, adding to their appeal and benefits.
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Key Takeaways from Stretch Sleeve Labels Market
- Polyvinyl chloride (PVC) segment under material type is estimated to represent a dominating market share throughout the forecast period.
- In terms of end-use, the beverages industry is a significant lucrative for the stretch sleeve labels market. It is anticipated to accelerate with a CAGR of 7.3% in the global stretch sleeve labels market.
- North America and Europe are estimated to remain the major revenue-generating region for the stretch sleeve labels market.
- Stretch sleeve labels market is expected to reach a valuation of US$ 5.9 Bn by the end of 2022
“Innovations in stretch sleeve labels market are going to transform the industry in terms of sustainability and several breakthroughs are already in the market that can be leveraged.” –says FMI Analyst
Rising Consumption of Carbonated and Non-Carbonated Drinks to Boost Stretch Sleeve Labels Market
Shrink sleeve labels are used in the beverage industry on a daily basis for labelling bottles of different shapes and sizes. The demand for a variety of carbonated and non-carbonated drinks has witnessed a sharp rise in the last couple of years.
Growing consumption of non-carbonated and carbonated drinks is due to the increasing millennials in developing countries along with the increasing disposable incomes of consumers. Furthermore, changing preference toward a healthier lifestyle contributes to the massive demand for non-carbonated drinks such as juices, flavored water, and coconut water.
Growth in the demand for such types of drinks, especially for non-carbonated drinks, ultimately creates considerable demand for shrink sleeve labels for labelling bottles on large scale.
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Stretch Sleeve Labels Market Landscape
CCL Industries Inc., Huhtamaki Oyj, Klöckner Pentaplast Europe GmbH & Co. KG, Pregis LLC, Atlantic Packaging, and Multi-Color Corporation are some of the key players operating in the stretch sleeve labels market. Walle Corporation, OTK GROUP, a.s., Alupol SA, and Berkshire Labels Limited are also the noticeable players in the stretch sleeve labels market. The tier 1 players in the stretch sleeve labels market hold around 15-20% of the global market share.
Country-wise Analysis:
- The USA is projected to hold the majority of the market share for the North American stretch sleeve labels market during the forecast period (2022 to 2032). The USA stretch sleeve labels market is anticipated to expand at a CAGR of 6.4% from 2022 to 2032.
- China holds a major portion of the East Asia stretch sleeve labels market, as per Future Market Insights (FMI). China’s stretch sleeve labels market is projected to create an incremental opportunity of US$ 1.7 Billion from 2022 to 2032.
Stretch Sleeve Labels Market by Category
By Material Type:
- Polythene Terephthalate Glycol (PETG)
- Polyvinyl Chloride (PVC)
- Polylactic acid (PLA)
- Oriented Polystyrene (OPS)
- Polypropylene (PP)
- Polyethylene (PE)
- Other Materials
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By Printing Technology:
- Rotogravure Printing
- Flexographic Printing
- Offset Printing
- Digital
- Letterpress Printing
By End Use:
- Food
- Beverages
- Pharmaceuticals
- Personal care & Cosmetics
- Homecare
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