Shrink Sleeve Labels Market Flourishes: Exceeding US$ 28.47 billion in 2032

The shrink sleeve labels market is expected to grow at a CAGR of 6% until 2032, reaching a value of US$ 28.47 billion compared to US$ 15.90 billion in 2022. This growth is driven by the increasing adoption of polymer films and anti-counterfeiting features.

Manufacturers are now using dual-chambered shrink sleeves with two compartments, providing a more organized packaging solution for buy-one-get-one-free programs. These sleeves can be printed in multiple colors and offer a 360-degree platform for messaging, allowing for expanded space for product information and branding.

Shrink sleeve labels play a vital role in boosting the sales of new product launches, as key market players employ eye-catching graphics to make bottles stand out on store shelves. By closely collaborating with end users, manufacturers are delivering innovative and reliable packaging solutions.

The use of rotogravure printed shrink sleeve labeling has improved packaging speed, cost-effectiveness, and aesthetics. Shrink sleeve labels are increasingly replacing pressure-sensitive labels and are being used to promote new product innovations.

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In line with sustainability goals, manufacturers are developing high-shrink films and polyolefin-based materials that enhance recyclability. For example, Polysack Ltd. has designed Polyphane Fit, a polyolefin-based material that allows for easy separation between bottle and sleeve materials during recycling. When applied to HDPE beverage containers, Polyphane Fit can be recycled along with the bottle, contributing to a more sustainable packaging solution.

Key Takeaways:

Key Players:

Some of the top players operating in the shrink sleeve labels market are CCL Industries Inc., Berry Plastics Corporation, PMMI Media Group, Polysack Ltd, Klockner Pentaplast, Bonset America Corporation, Fuji Seal International, Inc., Hammer Packaging, Corp., MacFarlane Group UK Ltd, Paris Art Label Company Inc. and others.

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Shrink Sleeve Labels Market

Based on the type of appearance, the global shrink sleeve labels market can segmented as follows

Based on the type of polymer film, the global shrink sleeve labels market can segmented as follows:

Based on application, the global shrink sleeve labels market can segmented as follows:

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