Market Share of Shrink and Stretch Sleeve Labels Industry
The Competitive Landscape for the Shrink and Stretch Sleeve Labels Market is highly fragmented with several small and medium-sized players across geographies. The heightened need for customization leads to the proliferation of smaller players that cater to the customization needs of a handful of consumers. Some of the recent developments in the market are as follows: -
- July 2020 - CCL Label introduced EcoFloat TD shrink sleeve material engineered to improve the float separation process for PET bottle recycling. The new technology has been approved by the European PET Bottle Platform (EPBP). EcoFloat has been developed to enable the packaging industry to meet recycling targets and to support sustainability.
- February 2020 - Far Eastern New Century's (FENC) Top Green heat-shrink PET film for shrink sleeve labels was recognized by the Association of Plastic Recyclers for meeting or exceeding the requirements of its Critical Guidance Protocol for Clear PET Articles with Labels and Closures.
- In April 2019 - Eastman launched two APR-approved recyclable shrink-sleeve label resins. Both Embrace Encore and Embrace Float have received the Critical Guidance recognition of APR. Both uses shrink labels that can be recycled easily.
Shrink & Stretch Sleeve Labels Market Leaders
Berry Plastic Group Inc.
Klockner Pentaplast Group
Bemis Company
Taghleef Industries
Amcor
*Disclaimer: Major Players sorted in no particular order
