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The beverage sector held the largest share at 44.12% in 2023.
January 6, 2025
By: DAVID SAVASTANO
Editor, Ink World Magazine
The global market for shrink and stretch sleeve labels was valued at $13.51 billion in 2023 and is projected to reach $27.37 billion by 2034, with a compound annual growth rate (CAGR) of 6.63% from 2024 to 2034, according to a recent study by Towards Packaging. Shrink and stretch sleeve labels are primarily made from plastic or polyester and are designed to wrap around products, adapting to the container’s dimensions. Stretch sleeves, typically made from low-density polyethylene (LDPE), are e...
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