The stretch sleeve & shrink sleeve labels market has been growing in line with the labeling and packaging industry. The increasing population, rising incomes & spending capacities of people in developing economies, the increasing demand for packaged food, and increasing urbanization are the main factors driving the growth of the stretch & shrink sleeve labels market.
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 stretch sleeve & shrink sleeve labels market has been segmented on the basis of type of stretch & shrink sleeve labels, polymer films, application, printing technology, ink, and region to provide an in-depth view of the market. All the important stretch & shrink sleeve labels markets and applications have been covered, along with their geographical market scenarios.
The stretch sleeve & shrink sleeve labels market is projected to reach USD 13.20 Billion by 2020. The Asia-Pacific region is projected to grow at the highest CAGR of 6.1% during the forecast period.
The shrink sleeve labels segment is projected to grow at the highest rate during the forecast period. The market was dominated by the PVC polymer films segment, which accounted for more than half of the total market in 2014.
The labeling market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships & expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market are Berry Plastic Group Inc. (U.S.), CCL Industries (Canada), Huhtamaki OYJ (Finland), The Dow Chemical Company (U.S.), Klockner Pentaplast Group (Germany), Cenveo Inc. (U.S.), Fuji Seal International Inc.(Japan), Hammer Packaging (U.S.), Macfarlane Group (U.K.), and Sleeveco (U.S.).