Shrink Sleeve Labels Market is predicted to reach USD 28.1 Billion at a CAGR of 6.40% during the forecast period

Pune, India, September 2023/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Shrink Sleeve Labels Market Research Report - Forecast to 2023 ” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.

Market Research Future (MRFR) has published a cooked research report on the “Global Shrink Sleeve Labels Market” that contains information from 2018 to 2032. The Shrink Sleeve Labels market is estimated to register a CAGR of 6.40% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Shrink Sleeve Labels market— Bemis Company, Berry Plastic Group, Klockner Pentaplast Group, Amcor PLC, Clondalkin Group Holdings, Huhtamaki Oyj, Schur Flexibles, Cenveo Group, and Taghleef industries.

Shrink Sleeve Labels Market Highlights

The global Shrink Sleeve Labels market is accounted to register a CAGR of 6.40% during the forecast period and is estimated to reach USD 28.1 Billion by 2032.

The shrink sleeve labels market involves the production and supply of labels made from flexible materials that shrink and conform to the shape of a product's container when exposed to heat. These labels provide 360-degree branding, tamper-evidence, and vibrant graphics for packaging in industries like beverages, cosmetics, and food. The market's growth is driven by its visual impact, customization options, and ability to enhance product visibility on shelves.

Segment Analysis

The global Shrink Sleeve Labels market has been segmented based on Type, Material, and Application.

On the basis of Type, the market is segmented into Stretch and Shrink. In 2022, the shrink sector dominated the industry. When heated, the stretchable shrink film that the Shrink Sleeve Labels are printed on contracts in size. The film closely follows the end product's contour as it contracts.

Based on Material, the global Shrink Sleeve Labels market has been segmented into PVC, PET-G, Expanded Polystyrene Films, PE, and Polylactic Acid Films. In 2022, the PVC category dominated the market for shrink sleeve labels. The most economical films are produced of PVC polymers, which have a 60%–65% shrinkage potential. PVC films offer higher dimensional stability, which allows them to conform to containers of various sizes more easily.

Based on Application, the global Shrink Sleeve Labels market has been segmented into Food & Beverage. Personal care products and pharmaceuticals. In 2022, the market was dominated by the  Food and beverage segment. They act as extra packaging for many modern beverage products, such as carbonated soft drinks.

Regional Analysis

The global Shrink Sleeve Labels market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Shrink Sleeve Labels market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Shrink Sleeve Labels market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Shrink Sleeve Labels market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Shrink Sleeve Labels Market dominated this market in 2022 (45.80%). Additionally, it is projected that the implementation of standards and laws relating to labelling, serialisation, and tracing, coupled with the growing e-commerce industry, notably in the U.S., will favourably impact the expansion of the regional market. For instance, rules such as the Fair Packaging and Labelling Act and the Drug Quality and Security Act, among others, are anticipated to stimulate market growth. In addition, the North American region's shrink sleeve label market in the United States had the biggest market share, while the market in Canada had the quickest rate of expansion.

Additionally, In 2022, the market for shrink sleeve labels in Europe held a sizable market share. Shrink sleeve label demand is expected to increase over the forecasted period as a result of increased spending on pharmaceutical and healthcare products as well as rising demand for functional food and beverage items. Laws governing product information and safety on labels are another factor that is projected to increase demand for this technology.

Moreover, From 2023 to 2032, the Asia Pacific Shrink Sleeve Labels market is anticipated to grow significantly. The existence of multiple emerging economies like China and India, rising disposable income, expanding food and beverage sectors, and expanding populations all have an impact on the need for shrink sleeve labels in the local market. In addition, China's shrink sleeve label market had the greatest market share, while the Asia-Pacific region's Indian shrink sleeve label market had the quickest rate of expansion.

Key Findings of the Study

• The global Shrink Sleeve Labels market is expected to reach USD 28.1 Billion by 2032, at a CAGR of 6.40% during the forecast period.


• The Asia-Pacific Shrink Sleeve Labels Market dominated this market in 2022 (45.80%). Additionally, it is projected that the implementation of standards and laws relating to labelling, serialisation, and tracing, coupled with the growing e-commerce industry, notably in the U.S., will favourably impact the expansion of the regional market.


• Based on Application, Personal care products and pharmaceuticals. In 2022, the market was dominated by the food and beverage segment.


• Bemis Company, Berry Plastic Group, Klockner Pentaplast Group, Amcor PLC, Clondalkin Group Holdings, Huhtamaki Oyj, Schur Flexibles, Cenveo Group, and Taghleef industries.

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