Lewes, DE -- (SBWIRE) -- 02/26/2016 -- Global Stretch and Shrink Sleeves Packaging market is estimated at $10.6 billion in 2015 and is poised t- reach $15.7 billion by 2022, growing at a CAGR of 5.8%. Rising demand for polymer films, growing incomes in developing economies and increasing urbanization are some of the factors driving the market growth. However, competition from substitute forms of packaging and recycling of stretch & shrink sleeve labels may hinder the market. Complex recycling method is the critical challenge for this market.
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