The shrink label films market is expected to grow at a rate of 5.12% per year, rising from USD 11,417.03 million in 2025 to USD 17,893.18 million by 2034. This growth is driven by the rising demand for eye-catching and functional packaging, the need for brand differentiation, anti-counterfeiting features, and the increasing use of shrink labels in various consumer product industries.
Leading Companies in the Shrink Label Films Market
- CCL Industries
- Fuji Seal International
- Amcor PLC
- Berry Global Group, Inc.
- Klöckner Pentaplast
- Constantia Flexibles
- Jindal Poly Films Ltd.
- Huhtamaki Oyj
- Sealed Air Corporation
- Dow Chemical
- Avery Dennison Corporation
- WestRock Company
- InterFlex Group, Inc.
- Uflex Ltd.
- Multi-Color Corporation
- PDC International Corp.
- Macfarlane Group PLC
- Berry Plastics
- Yinjinda (Henan Yinjinda)
- Wifag-Polytype
Latest Industry Leader Announcements
- In May 2025, Taghleef Industries has made official the disclosure of its current invention, named SHAPE360 TDSW, which is a big performance floatable white polyolefin TD Shrink sleeve label film. This latest film serves optimal opacity by tracking the important low-density characteristics, which are important for recyclability, reflecting its main space, SHAPE360 TDS.
- In October 2024, Magnomer and Selenis revealed a scheme merger in order to deliver recyclable PETG shrink sleeves with the assistance of coating technology, which aims to serve convenient classification and gain sleeves in current recycling systems.
- In May 2025, one of the French producers, DCM ATN, has verified that it will showcase its future-generation shrink sleeve label manufacturing machine at the upcoming Labelexpo Southeast Asia in Bangkok in the month of May.
Recent Developments
- In December 2024, Multi-Color Corporation, one of the largest label companies in the world, revealed the merger of the Mexico-based Eximpro, a shrink-sleeve label solutions provider.
- In March 2025, Coveris, which is a packaging producer, revealed the SleeveFlexR stretch, a latest circular stretch sleeve established using up to 75% recycled content. The product has developed sustainability in the stretch sleeve industry and is capable of meeting the Packaging and Packaging Waste Regulation.
- In March 2025, Crestview Partners, a top company in equity firms, disclosed that it had gained the partnership of Smyth companies, a luxury and complete-service provider of pressure-sensitive labels,in-mold labels, shrink sleeves, flexible packaging, and glue-applied labels.
