The stretch sleeve & shrink sleeve labels market size is projected to grow from USD 14.4 billion in 2021 to USD 18.9 billion by 2026, at a CAGR of 5.6%, between 2021 and 2026. Shrink sleeve is a relatively new form of label that is gaining popularity in many industries for product packaging. On a digital or flexographic press, manufacturers produce shrink sleeves with text on the inside. The sleeve is then put over a container and heated to tighten it around it (heat-shrunk). The label then adheres to the container’s surface. Stretch sleeve labels, often known as stretch labels, offer environmental benefits with excellent print quality. They also ensure better production chain efficiency due to reduced machine investment and minimum residual waste. A single machine replaces the complete production chain.
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The key players in the stretch sleeve & shrink sleeve label market are ., Berry Global Inc. (US), CCL Industries Inc. (Canada), Huhtamaki Oyj (Finland), Klöckner Pentaplast (England), and Fuji Seal International (Japan), and others. The stretch sleeve & shrink sleeve labels market report analyzes the key growth strategies adopted by the leading market players, between 2017 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.
Berry Global Inc. is one of the leading manufacturers of plastic packaging products. The company operates under four main businesses – rigid closed top, rigid opened top, engineered material, and flexible packaging. The rigid closed top segment holds the largest share in the total revenue. The flexible packaging segment consists of multilayer and high-barrier film products, as well as finished flexible packages, such as printed pouches and film products. The group sells and manufactures a range of film products, including coextruded films having up to nine layers, lamination film, and mono layer film sold primarily to flexible packaging converters and used for peel-able lid stock, stand-up pouches, pillow pouches, and other flexible packaging formats. The flexible packaging division also manufactures barrier films used for cereal, cookie, cracker, and dry mix packages that are sold directly to food manufacturers. The company has a presence of 290 global locations across Asia Pacific, Europe, South America, North America, and the Middle East & Africa. Berry Global Inc. faces competition from Bemis, The Dow Chemical Company, and Drewandrogers.
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CCL Industries Inc. is one of the leading label manufacturers and is one of the leading converters of pressure-sensitive and extruded film materials. Its customer base comprises consumer product, healthcare, chemical, and durable goods companies. It operates through its four business segments, namely, CCL (converter of pressure sensitive and specialty extruded film materials), Avery (supplier of labels, specialty converted media and software solutions), checkpoint systems (developer of RF and RFID based technology systems) and Innovia (producer of specialty, high performance, multi-layer, surface engineered films for label, packaging, and security applications). The company has a strong customer base in Canada.
The company has its corporate offices in Toronto, Ontario, Canada, and Framingham, Massachusetts, US, and employs around 21,400 employees in 191 production facilities located in North America, Latin America, Europe, Australia, Russia, Asia, and the Middle East. The company has its presence in around 43 countries globally and has a label and tube license holder operating two plants in Indonesia.
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