Polyolefin (POF) Shrink Film - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Polyolefin (POF) Shrink Film Market is accounted for $5.03 billion in 2017 and is expected to reach $9.92 billion by 2027 growing at a CAGR of 7.83% during the forecast period. Factors such as growing penetration of consumer goods, industrial packaging, pharmaceuticals, and beverage application, technological innovations, increasing demand of polyolefin (POF) shrink films and huge gloss finish of the film build up the appearance and aids marketing success are fuelling the market growth. Moreover, growing usage of bio-based POF, increasing demand for metallocene-based POF and fiscal development in APAC are some of the new trends for the market.
Polyolefin (POF) is used to signify plastics such as polyethylene (LDPE, LLDPE, and HDPE) and polypropylene. Polyolefin is chemically inert; thus, it is best for packaging applications, particularly food and beverages. POF shrink film is an extremely durable and flexible food packaging material. POF has replaced polyvinyl chloride (PVC) into a variety of packaging applications owing to its ecological features, clarity, and huge-tensile strength. High strength of POF shrink films offers longer film rolls through thin gauges, which afford less need for alter and better productivity. POF shrink films are accessible by means of cross-link technology, which provides ease of packaging in high speed applications such as software, CDs, DVDs, and labels without compromising on clarity and strength.
By product, cross-linked POF shrink films are applied to measure polyolefin shrink film to build the film stronger, and capable of superior seal strength. It offers tremendous clearness to exhibit packaged products. Cross-linked film is frequently used in huge output operations. Moreover it can also be used for heavier products a standard polyolefin shrink film cannot properly package.
In terms of geography, Asia Pacific accounted for largest market share attributed to growing demand for the product in packaged foods, and consumer goods in developing nations including China. In addition, increasing penetration of the product in the construction industry is driving the market in this region.
Some of the key players in Polyolefin (POF) Shrink Film Market include LyondellBasell Industries Holdings, Sealed Air Corporation, Exxon Mobil Corporation, Syfan Manufacturing, Sabic, Harwal group, China Petrochemical Corporation, PakMarkas, UAB, Farnell Packaging Ltd, Asmaco Industries, Amcor Limited, Intertape Polymer Group, Inc. (IPG), Riverside Paper Co. Inc., Morgan Group and Four Star Plastics.
• Cross-linked POF shrink Films
• General POF shrink Film
• Polyolefin Shrink Film
• Industrial Packaging
• Consumer Goods
• North America
Rest of Europe
• Asia Pacific
Rest of Asia Pacific
• South America
Rest of South America
• Middle East & Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements