Stretch sleeve labels are a particular kind of pre-printed label that adheres to containers without the need of adhesives. According to their specifications, these stretch sleeve labels are created from various plastic materials, including polythene terephthalate glycol (PETG) and others.
Several businesses, including those in the food, beverage, pharmaceutical, personal care & cosmetics, homecare, and others can use these labels. Stretch sleeve labels are economical because they may be applied to containers without the need of glue. The stretch sleeve labels also have the advantage that they may be used on the entire container, which is popular among end use businesses.
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In addition, growing regulatory requirements for labelling, particularly in the food, beverage, pharmaceutical, personal care & cosmetics, and other industries, are driving up the demand for stretch sleeve labels. Over the anticipated time, the stretch sleeve labels market will experience rise due to technological advancement and the creation of the most recent stretch sleeve labels applicator.
Sales of stretch sleeve labels in the sector are boosted by increased manufacturing of various items and the creation of new products. The benefits of the stretch sleeve labels are increased by the fact that they may be used on containers of all forms.
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
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“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.
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
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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