Market Overview:
The global polyolefin shrink film market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for polyolefin shrink films from various end-use industries, such as industrial packaging, food, consumer goods, pharmaceuticals and beverages. Polyolefin shrink films are available in different thicknesses (12μm, 15μm, 19μm 25μm) and offer excellent clarity and gloss. These films are also resistant to puncture and tearing and provide good sealing properties. In addition, they are available in both clear and printed versions that make them suitable for a wide range of applications. Some of the key players operating in this market include Berry Global Inc., Bemis Company Inc., Sealed Air Corporation (Cryovac), Winpak Ltd.
 Shrink Film Industry Outlook.svg)
Product Definition:
Polyolefin shrink film is a type of plastic film that shrinks when heated. It is made from polyethylene or polypropylene, which are two types of plastics that are found in many everyday products. Polyolefin shrink film is used to package items for shipping and storage. When it is heated, the plastic films will shrink around the item being packaged, creating a tight seal that protects the item from damage.
12μm:
12μm is the wavelength of light and it's used in the measurement of surface characteristics such as wetting, peeling, adhesion and other processes that are involved in film formation. The higher the number 12m, shorter is its wavelength. It has a maximum application in polyolefin (POF) shrink films where it plays an important role during film formation process to control certain physical properties such as modulus and tensile strength among others.
15μm:
15μm is the most common shrink film gauge and it's used for POF (Polyolefin) films. The normal range for 15μm POF shrink film is between 12mm to 25mm, but there are some applications where a 15μm shrink film can be used like in case of electronic component packaging or if the product requires extreme temperature resistance.
POF shrinking technology has been around since the early eighties.
Application Insights:
The demand for shrink films in industrial packaging was valued at USD 5.5 billion in 2017 and is expected to witness significant growth on account of its properties such as moisture barrier, gas, and liquid tightness. The growing manufacturing sector in countries such as China, India, Thailand is anticipated to augment the product demand over the forecast period.
Polyolefin has excellent resistance against acids including acetic acid which makes it suitable for food packaging applications. POF shrink film provides protection from oxygen and sunlight thus increasing shelf life of packaged products containing food items thereby driving the market growth over the forecast period.
POF films are used for beverage sealing since they offer superior clarity along with high dimensional stability & processing ability required by manufacturers of bottled beverages worldwide.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 35% of the overall revenue share. The region is anticipated to continue its dominance over the forecast period owing to high product demand from various end-use industries, such as industrial packaging, food & beverages, consumer goods and pharmaceuticals. China is one of the major markets in this region due to presence of a large number of manufacturers coupled with low manufacturing cost compared to other countries.
North America market for POF shrink films is expected to witness significant growth rate during the forecast period on account rising demand from several end-use industries including medical devices & components, automotive interior applications and electrical/electronic appliances among others. In addition, growing trend towards smart packaging in consumer goods industry will drive product adoption across this region in near future.
Growth Factors:
- Increasing demand for shrink film from food and beverage industry
- Rising demand for shrink film from retail sector
- Growing popularity of shrink film packaging among consumers
- Proliferation of online shopping trend
- Technological advancements in shrink film manufacturing process
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyolefin (POF) Shrink Film Market Research Report
By Type
12μm, 15μm, 19μm, 25μm, Other
By Application
Industrial Packaging, Food, Consumer Goods, Pharmaceuticals, Beverages
By Companies
Exxon Mobil, LyondellBasell Industries Holdings, SABIC, Sealed Air, SYFAN USA, Exxon Mobil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Polyolefin (POF) Shrink Film Market Report Segments:
The global Polyolefin (POF) Shrink Film market is segmented on the basis of:
Types
12μm, 15μm, 19μm, 25μm, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Packaging, Food, Consumer Goods, Pharmaceuticals, Beverages
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxon Mobil
- LyondellBasell Industries Holdings
- SABIC
- Sealed Air
- SYFAN USA
- Exxon Mobil
 Shrink Film Market Overview.svg)
Highlights of The Polyolefin (POF) Shrink Film Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 12μm
- 15μm
- 19μm
- 25μm
- Other
- By Application:
- Industrial Packaging
- Food
- Consumer Goods
- Pharmaceuticals
- Beverages
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyolefin (POF) Shrink Film Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Shrink Film Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyolefin (POF) shrink film is a type of plastic film that shrinks when heated. This makes it ideal for use in packaging, such as food and beverage containers.
Some of the major players in the polyolefin (pof) shrink film market are Exxon Mobil, LyondellBasell Industries Holdings, SABIC, Sealed Air, SYFAN USA, Exxon Mobil.
The polyolefin (pof) shrink film market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyolefin (POF) Shrink Film Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyolefin (POF) Shrink Film Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyolefin (POF) Shrink Film Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyolefin (POF) Shrink Film Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyolefin (POF) Shrink Film Market Size & Forecast, 2018-2028
4.5.1 Polyolefin (POF) Shrink Film Market Size and Y-o-Y Growth
4.5.2 Polyolefin (POF) Shrink Film Market Absolute $ Opportunity
Chapter 5 Global Polyolefin (POF) Shrink Film Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Polyolefin (POF) Shrink Film Market Size Forecast by Type
5.2.1 12μm
5.2.2 15μm
5.2.3 19μm
5.2.4 25μm
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyolefin (POF) Shrink Film Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Polyolefin (POF) Shrink Film Market Size Forecast by Applications
6.2.1 Industrial Packaging
6.2.2 Food
6.2.3 Consumer Goods
6.2.4 Pharmaceuticals
6.2.5 Beverages
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyolefin (POF) Shrink Film Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyolefin (POF) Shrink Film Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Polyolefin (POF) Shrink Film Analysis and Forecast
9.1 Introduction
9.2 North America Polyolefin (POF) Shrink Film Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Polyolefin (POF) Shrink Film Market Size Forecast by Type
9.6.1 12μm
9.6.2 15μm
9.6.3 19μm
9.6.4 25μm
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Polyolefin (POF) Shrink Film Market Size Forecast by Applications
9.10.1 Industrial Packaging
9.10.2 Food
9.10.3 Consumer Goods
9.10.4 Pharmaceuticals
9.10.5 Beverages
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Polyolefin (POF) Shrink Film Analysis and Forecast
10.1 Introduction
10.2 Europe Polyolefin (POF) Shrink Film Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Polyolefin (POF) Shrink Film Market Size Forecast by Type
10.6.1 12μm
10.6.2 15μm
10.6.3 19μm
10.6.4 25μm
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Polyolefin (POF) Shrink Film Market Size Forecast by Applications
10.10.1 Industrial Packaging
10.10.2 Food
10.10.3 Consumer Goods
10.10.4 Pharmaceuticals
10.10.5 Beverages
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Polyolefin (POF) Shrink Film Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyolefin (POF) Shrink Film Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Polyolefin (POF) Shrink Film Market Size Forecast by Type
11.6.1 12μm
11.6.2 15μm
11.6.3 19μm
11.6.4 25μm
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Polyolefin (POF) Shrink Film Market Size Forecast by Applications
11.10.1 Industrial Packaging
11.10.2 Food
11.10.3 Consumer Goods
11.10.4 Pharmaceuticals
11.10.5 Beverages
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Polyolefin (POF) Shrink Film Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyolefin (POF) Shrink Film Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Polyolefin (POF) Shrink Film Market Size Forecast by Type
12.6.1 12μm
12.6.2 15μm
12.6.3 19μm
12.6.4 25μm
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Polyolefin (POF) Shrink Film Market Size Forecast by Applications
12.10.1 Industrial Packaging
12.10.2 Food
12.10.3 Consumer Goods
12.10.4 Pharmaceuticals
12.10.5 Beverages
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Polyolefin (POF) Shrink Film Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyolefin (POF) Shrink Film Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Polyolefin (POF) Shrink Film Market Size Forecast by Type
13.6.1 12μm
13.6.2 15μm
13.6.3 19μm
13.6.4 25μm
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Polyolefin (POF) Shrink Film Market Size Forecast by Applications
13.10.1 Industrial Packaging
13.10.2 Food
13.10.3 Consumer Goods
13.10.4 Pharmaceuticals
13.10.5 Beverages
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyolefin (POF) Shrink Film Market: Competitive Dashboard
14.2 Global Polyolefin (POF) Shrink Film Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil
14.3.2 LyondellBasell Industries Holdings
14.3.3 SABIC
14.3.4 Sealed Air
14.3.5 SYFAN USA
14.3.6 Exxon Mobil
