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Shrink Sleeve and Stretch Sleeve Labels Market to increase by USD 4.1 billion during 2022-2027 | Growing demand from the organized retail sector to drive growth- Technavio


NEW YORK, Nov. 28, 2023 /PRNewswire/ -- The shrink sleeve and stretch sleeve labels market size is expected to grow by USD 4.1 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of  5.1% during the forecast period. The market is segmented by Application (Food and beverage, Healthcare, Beauty and personnel care, and Others), Product Type (Stretch sleeves label and Shrink sleeves label), Material (PVC, PETG, OPS, PE, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

The growing demand from the organized retail sector drives market growth. The demand for shrink-sleeve and stretch-sleeve labels is the emergence of hypermarkets and supermarkets. There is a 17% growth in retail sales in China in April 2021 over that in April 2020 and is estimated to increase further. The government policies that focus on establishing duty-free shopping zones, which will fuel domestic spending, the removal of provincial barriers from domestic and foreign trade, a reduction in import duties on consumer goods, and rising support for cross-border e-commerce are some of the major factors boosting the market growth. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample 

Key Highlights:

Market Dynamics:

Trend

Challenge

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report

Keg Segments:

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Related Reports:

The global heat shrink tubing market size is estimated to grow at a CAGR of 5.84% between 2022 and 2027. The size of the market is forecast to increase by USD 626.94 million.

The PET shrink films market size is expected to increase by USD 509.56 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.07%.

Shrink Sleeve And Stretch Sleeve Labels Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.1%

Market growth 2023-2027

USD 4.1 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.62

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

adapa Holding GesmbH, Al Ghurair First LLC, Amcor Plc, Atlantic Corp., Berry Global Inc., CCL Industries Inc., Clondalkin Group Holdings BV, D and L Packaging, Dow Chemical Co., Edwards Label Inc., Fuji Seal International Inc., Huhtamaki Oyj, Kris Flexipacks Pvt. Ltd., Multi Color Corp., Orianaa Decorpack Pvt. Ltd., Polysack Flexible Packaging Ltd., Taurus Packaging, Tilak Polypack Pvt. Ltd., WestRock Co., and KP Holding GmbH and Co. KG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Product Type

Market Segmentation by Material

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio


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