Stretch Sleeve and Heat Shrink Labels Market: Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow 2017 - 2022
The competition in the global stretch sleeve and heat shrink labels market is marked by the presence of numerous international and local players in this market, states a new report by Transparency Market Research (TMR). Frequent product launches, tactical alliances, especially mergers and acquisitions, and regional expansion of the business are some of the key strategies, the leading vendors of stretch sleeve and heat shrink labels across the world have adopted for a better foothold in the global market, states the research report. According to TMR’s estimations, the opportunity in the global stretch sleeve and heat shrink labels market is projected to reach US$10.43 bn by 2017. It is further estimated to rise steadily at a CAGR of 5.90% over the period from 2017 to 2022 and increase to US$13.91 bn by the end of the forecast period. Asia Pacific excluding Japan is leading the global market, currently, and is anticipated to remain on the top throughout the period of the f...