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Demand for heat shrink and stretch sleeve labels, also known collectively as sleeve labels, is forecast to climb 5.2% annually to $2.2 billion in 2025. Advances will be supported by:
Demand for heat shrink and stretch sleeve labels is expected to expand at an above average pace compared to other label types. Though comparatively more expensive to produce, heat shrink and stretch sleeve labels have superior aesthetics and are seeing advancements in digital printing, which will boost demand for these labels.
As a result, heat shrink and stretch sleeve labels are becoming increasingly competitive with pressure sensitive labels, particularly in food applications, and with glue-applied labels in beverage applications. Additionally, sleeve labels are finding broader use in primary packaging for cosmetics, toiletries, OTC pharmaceuticals, and nutritional supplements. Beyond primary packaging, heat shrink labels are also expanding into new applications, such as:
Flexography will remain the leading printing technology for heat shrink and stretch sleeve labels because it is particularly well suited for use with highly elastic materials and can impart complex graphic designs. Flexographic printing for heat shrink and stretch sleeves is forecast to grow at a healthy pace, expanding its market share at the expense of gravure and screen printing, which lack the graphic capabilities of flexography.
Digital printing is also projected to increase its market share in heat shrink and stretch sleeve labels. Digital printing, which accounted for roughly one-third of printed labels in 2020, can be cost effective for shorter or customized runs such as seasonal or promotional labeling, widening the range of applications in which heat shrink and stretch sleeve labels can be used.
1. Executive Summary
2. About This Report
Report Details
Study Scope & Product Description
Impact of COVID-19 Pandemic
3. Overview
Historical Market Trends
Demand by Material
Demand by Market
Trends in Printing Technology
Pricing Trends
Sustainability Issues
Recycling & Recycled Content
Bioplastics & Compostable Plastics
Low-VOC Materials
Key Suppliers
4. Products
Demand by Type
Heat Shrink Labels
Characteristics & Applications
Demand Forecast
Stretch Sleeve Labels
Characteristics & Applications
Demand Forecast
5. Appendix
Scope
Definitions
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Manufacturers' Shipments
Consumer Spending
Business Establishments
2. About This Report
Table 2-1 | Annual Heat Shrink & Stretch Sleeve Label Demand by Market, 2019 - 2021 (million dollars)
3. Overview
Table 3-1 | Heat Shrink & Stretch Sleeve Label Demand, 2010 - 2020 (million dollars)
Table 3-2 | Heat Shrink & Stretch Sleeve Label Demand by Material, 2010 - 2030 (million dollars)
Table 3-3 | Heat Shrink & Stretch Sleeve Label Demand by Market, 2010 - 2030 (million dollars)
4. Products
Table 4-1 | Heat Shrink & Stretch Sleeve Label Demand by Type, 2010 - 2030 (million dollars)
5. Appendix
Table 5-1 | Relevant NAICS & SIC Codes
Table 5-2 | Macroeconomic Indicators, 2010 - 2030 (billion 2012 dollars)
Table 5-3 | Population & Households, 2010 - 2030 (million persons)
Table 5-4 | Manufacturers' Shipments, 2010 - 2030 (billion dollars & billion 2012 dollars)
Table 5-5 | Personal Consumption Expenditures, 2010 - 2030 (billion dollars)
Table 5-6 | Business Establishments, 2010 - 2030 (thousands)
1. Executive Summary
Figure 1-1 | Heat Shrink & Stretch Sleeve Market
2. About This Report
Figure 2-1 | Heat Shrink & Stretch Sleeve Labels: Product Examples
Figure 2-2 | Annual Heat Shrink & Stretch Sleeve Label Demand, 2019 - 2024 (% annual growth)
3. Overview
Figure 3-1 | Heat Shrink & Stretch Sleeve Label Demand, 2000 - 2020 (million dollars)
Figure 3-2 | Heat Shrink & Stretch Sleeve Label Demand by Material, 2010 - 2030 (million dollars)
4. Products
Figure 4-1 | Heat Shrink & Stretch Sleeve Label Demand by Type, 2010 - 2030 (million dollars)
Figure 4-2 | Heat Shrink Label Demand, 2010 - 2030 (million dollars)
Figure 4-3 | Stretch Sleeve Label Demand, 2010 - 2030 (million dollars)
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