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Polyolefin (POF) Shrink Films Market - Segmented by Type, Application, Material Type, and Geography - Growth, Trends, and Forecast (2020 - 2025)

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The market for polyolefin (POF) shrink films market is expected to register a significant growth during the forecast period, 2018 to 2023. With the rising demand and production of fresh produced, and ready-to-eat products, the demand for POF shrink films is increasing for packaging applications.

Superior Properties of POF Shrink Films

Polyolefin shrink film is an extremely durable material which is widely used for packaging applications in various industries. The superior properties of POF shrink films, such as clarity, huge-tensile strength, no odor, greater flexibility, and no chlorine content, makes it widely popular for use. Such superior properties of POF shrink films makes it widely popular for use as a flexible packaging material in industries, such as food & beverage, medical, cosmetics, and others. Moreover, the factors, such as superior properties of POF shrink films, increasing trade of physical products among countries, and rapidly increasing demand for packaging materials, have been driving the demand for POF shrink films.

Polyethylene (PE) Serves to be the Major Material Type

By material type, polyethylene (PE) is the majorly used material which finds application in various industries, such as food & beverage, marine, medical, and others. PE shrink films can be segmented into Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), and High-Density Polyethylene (HDPE) shrink films. Among PE material type, LDPE is the most widely used material for producing shrink films. LDPE shrink films provide greater strength and durability for heavier, larger items, like multipacks of beverages, marine industrial wrapping of boat for storage, etc.

Asia-Pacific Dominated the POF Shrink Films Market

The demand for POF shrink films is expected to be the highest in Asia-Pacific region due to rapid growth and the ongoing population shift from rural to urban population in the major countries, such as China, Japan, and India. Change in lifestyle and a growing young population leads to a higher demand for branded and packaged substances. At the same time, the increased demand from the healthcare industry and improving infrastructure is leading to the growth of the market.

Major Players: Intertape Polymer Group, LyondellBasell Industries Holdings, Hubei HYF Packaging Co., Ltd., Exxon Mobil Corporation, SABIC, AEP Industries, Inc., Sigma Plastics Group, and Clysar, LLC, among others.

Polyolefin (POF) Shrink Films Market Report Summary

Metrics

Details

Industry

Polyolefin (POF) Shrink Films Market

Study Period

(2016 – 2023)

Largest Market Share by Region

Asia-Pacific

Companies Covered

Intertape Polymer Group, LyondellBasell Industries Holdings, Hubei HYF Packaging Co., Ltd., Exxon Mobil Corporation, SABIC, AEP Industries, Inc., Sigma Plastics Group, and Clysar, LLC, among others.

Report Offerings

Polyolefin (POF) Shrink Films Market offers latest trends, growth prospects, industry competitiveness, major players, value chain, regional market share and forecast to 2023.

Reasons to Purchase this Report

  • Identify the current and future prospects of the global POF shrink films market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Information about the growth of the various applications that are expected to dominate the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

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