Stretch Sleeve Labels Market Size, Share, CAGR & Forecast Report for 2032

ByNiranjan karde

The global stretch sleeve labels market is experiencing robust growth, with a projected valuation of US$ 5.6 billion in 2022 and a compelling Compound Annual Growth Rate (CAGR) of 7.1%, driving it to an estimated US$ 11.8 billion by 2032, according to Future Market Insights (FMI). This expansion is fueled by increasing demand, particularly in the top three countries, which are poised to capture 30-35% of the global market share in 2022. Stretch sleeve labels contribute significantly, constituting approximately 15% of the broader global labels market, valued at US$ 40 billion in 2022.

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In 2021, the stretch sleeve labels market already achieved sales of US$ 5.6 billion, indicating a strong trajectory. FMI’s study forecasts that the market will double its current value by 2032, presenting substantial growth opportunities. Moreover, with the top five companies anticipated to hold 20-25% of the global market share in 2022, competition is poised to intensify as this dynamic industry continues to evolve.

Moreover, rising regulatory requirement for labelling propels the demand for stretch sleeve labels, especially in the food, beverage, pharmaceuticals, personal care & cosmetics, and other industries. Advancement in technology and development of the latest stretch sleeve labels applicator creates a growth opportunity for the stretch sleeve labels market during the forecast period.

Rising production of various products and the development of new products augment the sales of stretch sleeve labels in the industry. The stretch sleeve labels can be applied to any container with different shapes which adds to the benefits of the stretch sleeve labels.

Key Takeaways from Stretch Sleeve Labels Market

  • Polyvinyl chloride (PVC) segment under material type is estimated to represent a dominating market share throughout the forecast period.
  • In terms of end-use, the beverages industry is a significant lucrative for the stretch sleeve labels market. It is anticipated to accelerate with a CAGR of 7.3% in the global stretch sleeve labels market.
  • North America and Europe are estimated to remain the major revenue-generating region for the stretch sleeve labels market.
  • Stretch sleeve labels market is expected to reach a valuation of US$ 5.9 Bn by the end of 2022

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Stretch Sleeve Labels Market by Category
By Material Type:

  • Polythene Terephthalate Glycol (PETG)
  • Polyvinyl Chloride (PVC)
  • Polylactic acid (PLA)
  • Oriented Polystyrene (OPS)
  • Polypropylene (PP)
  • Polyethylene (PE)
  • Other Materials

By Printing Technology:

  • Rotogravure Printing
  • Flexographic Printing
  • Offset Printing
  • Digital
  • Letterpress Printing

By End Use:

  • Food
  • Beverages
  • Pharmaceuticals
  • Personal care & Cosmetics
  • Homecare