Latest News- Shrink Sleeve And Stretch Sleeve Labels Market: Food and beverage is expected to lead the Application segment during 2025-2029

The Shrink Sleeve And Stretch Sleeve Labels Market is being driven by Increase in demand for sleeve labels

The Shrink Sleeve And Stretch Sleeve Labels Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5122.9 million. In today's business landscape, consumer consciousness towards sustainability and environmental concerns has significantly influenced the packaging and labeling industry. Companies are responding to this trend by utilizing eco-friendly materials and resources in the production of shrink sleeve and stretch sleeve labels. Recyclable materials and renewable resins are increasingly being used in place of traditional labeling on PET bottles. Additionally, advancements in technology have enabled the creation of innovative designs in sustainable labeling solutions, including face stock liners, inks, coatings, and adhesives. These developments not only address environmental concerns but also cater to the growing demand for minimalistic and visually appealing labeling. Thus, companies are prioritizing the adoption of sustainable labeling practices to meet consumer expectations and reduce their carbon footprint. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Food and beverage
  • Healthcare
  • Beauty and personnel care
  • Others
• Product Type
  • Stretch sleeves label
  • Shrink sleeves label
• Material
  • PVC
  • PETG
  • OPS
  • PE
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in demand for sleeve labels
• Increasing demand from beverage industry
• Growing demand from organized retail sector

However, the market also witnesses some limitations, which are as follows:

• High initial investments
• Competition from alternatives
• Increase in prices of raw materials

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Market Scope in Shrink Sleeve And Stretch Sleeve Labels Market Research Report

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Research Analysis Overview

In the realm of labeling solutions, Shrink Sleeve and Stretch Sleeve Labels have gained significant traction. These full and partial wrap labels offer advantages such as tamper-evident protection, branding opportunities, and versatility through Heat Shrink and Cold Shrink variants. Integration with Shrink Tunnels, Labeling Lines, and Systems enhances labeling efficiency, accuracy, and speed. Sustainable practices include recyclable, compostable, and biodegradable labels, while innovations, trends, and digital transformation shape the future with smart and connected packaging, and labeling software optimizes label cost, inventory, and waste reduction.

Market Research Overview

The global market for Labeling Solutions and Packaging Solutions, specifically Shrink Sleeve Labels and Stretch Sleeve Labels, is experiencing significant growth. This expansion is driven by the increasing trend of outsourcing product branding and protection functions to specialized providers. Companies seek to enhance their brand image and ensure product security through high-quality labeling solutions. As a result, the demand for these labeling technologies is increasing, providing opportunities for market participants. Technavio, a leading market research firm, forecasts the global market for Labeling Solutions and Packaging Solutions to grow steadily due to this increasing outsourcing trend and the need for effective branding and protection solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/