The Link between Shrink Sleeves and Sustainability
- February 22, 2023
- Sustainable Packaging News
Shrink Sleeves are moving towards a newer path now with rapid growth that can seem to be beneficial towards recyclability and achieving a circular economy.
According to market analysis, the Shrink Sleeves industry is expected to experience significant growth in the coming years, with an estimated value of $27.9 billion by 2030. This growth is attributed to the industry’s focus on recyclability and its ability to support a circular economy. Some of the market leaders are:
- Berry Global Inc.
- Bonset America Corporation
- CCL Industries
- Fuji Seal Industries Inc.
- Polimex Milan
The Compound Annual Growth Rate (CAGR) for the Shrink Sleeves market is projected to be 6.4% from 2022 to 2030. Many companies operating in this industry share a common objective of promoting recycling and advancing towards a circular economy.
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