Sleeve Label Packaging Market Analysis

The market is bifurcated by type into shrink and stretch, out of which, the stretch sleeve labels segment is anticipated to witness noteworthy growth in the sleeve label packaging market on account of greater aesthetic appeal and high cost-effectiveness. In addition to these, stretch labels also pose lesser risks to the environment, which in turn is projected to boost the demand of the products over the forecast period. Furthermore, on the basis of material, the PVC segment is expected to gather the largest market share over the forecast period in view of PVC’s light weight and high chemical and abrasion resistance. It is calculated that the worldwide PVC production in 2025 will increase by more than 15 million metric tons from 2019. However, the segment for PET is expected to grow significantly in the coming years owing to the higher versatility of this plastic, greater safety for storage of food items and better durability. Additionally, by application, the pharmaceuticals segment is evaluated to witness most rapid growth, which can be attributed to the increasing expansion of this sector in developing countries and the escalating consumption of drugs worldwide.

Our in-depth analysis of the global sleeve label packaging market includes the following segments