Shrink Sleeve And Stretch Sleeve Labels Market Scope And Analysis

Report Code : TIPRE00009959
Category : Chemicals and Materials

No. of Pages : 150

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Shrink and Stretch Sleeve Label Market Scope and Analysis by 2030

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Shrink and Stretch Sleeve Label Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 9,949.25 Million
Market Size by 2030	US$ 16,359.61 Million
Global CAGR (2022 - 2030)	6.4%
Historical Data	2020-2022
Forecast period	2022-2030
Segments Covered	By Material Polyvinyl Chloride Polystyrene Polyethylene Terephthalate Polyethylene By Product Type Shrink Sleeves and Stretch Sleeves By Printing Technology Flexographic Digital Printing Rotogravure Printing By End-Use Industry Food & Beverages Pharmaceuticals Chemicals Consumer Goods Personal Care & Cosmetics Automotive & Transportation
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	CCL Industries Inc Huhtamaki Oyj Berry Global Group Inc Amcor Plc Coveris Management GmbH Stratus Packaging SAS KP Holding GmbH Co KG Fuji Seal International Inc Oerlemans Plastics BV

IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Before the COVID-19 pandemic, many countries across the world reported economic growth. Key manufacturers invested in the research and development of shrink and stretch sleeve labels. They also focused on expanding geographic reach through mergers and acquisitions to cater to a broad customer base. Before the pandemic, the shrink and stretch sleeve label market reported steady growth due to increasing demand from the chemicals & materials industry. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created a demand and supply gap, adversely affecting the growth of the chemicals & materials industry. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, impacting the production rate of shrink and stretch sleeve labels.

Several regions reported the demand and supply gap due to fluctuating demand from the chemical & materials industry. In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to conducive environments for the chemicals & materials industry. The sales of shrink and stretch sleeve labels increased with the resumption of production and sales operations of companies operating in the chemical & materials industry. Increasing demand for high-quality shrink and stretch sleeve label solutions in these industries has propelled the growth of the shrink and stretch sleeve label market.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

CCL Industries Inc., Huhtamaki Oyj, Berry Global Group Inc., Amcor Plc, Coveris Management GmbH, Stratus Packaging SAS, KP Holding GmbH & Co KG, Fuji Seal International Inc, Oerlemans Plastics BV, Maca Srl are among the key players operating in the shrink and stretch sleeve label market.