Rise in consumerism around the globe is projected to accelerate the growth of the stretch and shrink sleeves packaging market
Stretch and shrink sleeves packaging are used for the packaging of surgical equipment, protective clothing, pharmaceutical products, pumps, valves, and other packaging solutions. Most of these products require specialized packaging, which must be developed to meet specific requirements and specifications. These packaging solutions are developed by skilled experts in the field and are often produced in offshore assembly centers. There is also a trend towards outsourcing packaging requirements to low-cost countries with lower-cost production systems. The increasing demand for polymer films for the packaging of consumer products is fueling the growth of the stretch and shrink sleeves packaging market. Growth in the anti-counterfeiting facilities and 360-degree display is also supporting the growth of the market. The rise in the urban population is driving demand for packaged food products. This in turn is again fostering the growth of the stretch and shrink sleeves packaging marke...