Global Stretch Sleeve and Heat Shrink Labels Market estimated to expand at a healthy CAGR of 5.90% during the period 2017–2022 and rise to US$13.91 bn by the end of 2022.
Albany, NY -- (SBWIRE) -- 10/13/2017 -- Stretch-sleeve product labels are one of the most popular types of decorative packaging labels. With the increasing usage of shrink sleeve labels for the labeling of bottle and the packaging of beverages, this product type is expected to remain the most ideal one in the global market over the forthcoming years. Recently, a new study titled "Stretch Sleeve and Heat Shrink Labels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2022" has been broadcasted to the wide repository of Market Research Hub (MRH), which provides a comprehensive analysis of the current as well as future growth prospects for the market. Moreover, the primary regions are analyzed with the purpose of evaluating the impact of the different factors mentioned in the research report.
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Stretch and shrink sleeve labels are plastic or polyester labels that wrap the entire boundary of a product and imitate to the package's unique geometry. Stretch labels are typically made of LDPE and are highly elastic so they can be pulled over the product containers. Nowadays, the preference for attractive yet durable packaging of products has increased among consumers, which, consequently, has augmented the demand for stretch sleeve and heat shrink labels across the world. As per the latest findings, the global stretch sleeve and heat shrink labels market is estimated to expand at a healthy CAGR of 5.90% during the period 2017-2022. Also, the market will reach a high value of US$13.91 bn by the end of 2022, from its valuation US$10.43 bn in 2017.
The study further analyzes that both stretch and shrink sleeve labels are emerging as a desirable form of product labeling due to the 360-degree message branding that helps the product attain high impact presentation on the store shelf. In addition to providing a product with 360-degree container coverage, stretch sleeve labels also provide another attractive benefit to companies, which is recyclability. These labels are a great option for addressing environmental and sustainability concerns.
Geographically, key regions highlighted in the study are Asia-Pacific excluding Japan, Europe, North America, Europe, Middle East & Africa, and Latin America. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2017 and 2022. Presently, the significant economic growth in APEJ has boosted the acceptance of stretch sleeve and heat shrink labels in the region, which makes the APEJ market highly dominant. Also, the region is anticipated to remain seated at the top position over the next few years.
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The study further has segmented the market on the basis of type of the product, application, printing technology, and its regional spread. With a significantly large pool of regional and multinational companies, the market is extremely competitive in the global market. By types, the market is classified into stretch sleeve labels and shrink sleeve labels. On the other hand, stretch sleeve and heat shrink labels market find application in food and beverage, home and personal care, pharmaceutical and healthcare, industrial consumables, and the retail sector.
Later, the study includes analysis of key market players operating in the global market, such as International Papers, CCL Label Inc., Berry Plastics, Cenveo, Macfarlane Group, Fuji Seal International Inc., The DOW Chemical Co., Hammer Packaging, Klockner Pentaplast Group and Huhtamaki.
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