Skip to main content

Polyolefin Shrink Film Market Is Expected to Experience Steady Growth By 2025

The global polyolefin (POF) shrink film market is expected to reach USD 7.4 billion by 2025, growing at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Superior characteristics offered by the polyolefin (POF) shrink films owing to the introduction of cross-linking technology is expected to drive demand over the forecast period.
The rising demand of polyolefin (POF) shrink films owing to its improved barrier properties, ease of printing and superior airtight sealing to increase the shelf life of the product is expected to drive market growth over the forecast period. In addition, high gloss finish of the film enhances the appearance and aids marketing success, which is expected to complement growth.
Growing demand for packaged food such as ready-to-eat meals, snacks, and frozen meals with changing lifestyle, modern retail trades and increased popularity of quick service restaurants are expected to drive the growth. In addition, use of innovative processing techniques to improve the characteristics of the product is likely to boost the adoption of the film.
Major players such as Sealed Air Corporation cater to their local as well as the global market. As the survival in the industry is challenging owing to the presence of a large number of small-scale manufacturers, companies focus on providing premium quality products and enhance the formulation capabilities to gain a competitive edge.
To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/polyolefin-pof-shrink-film-market
U.S. polyolefin (POF) shrink film market
Further key findings from the report suggest:
  • Cross-linked films accounted for 57.8% of the revenue share in 2016 and is expected to grow at a CAGR of 5.1% owing to its rising demand for food and consumer goods application
  • Industrial packaging accounted for 26.4% of the overall revenue share in 2016 on account of the growing demand in construction and automotive industries for product handling and packaging applications
  • Rising demand for alcoholic & non-alcoholic beverages is expected to drive the market growth for the product on account of its application in bundling of plastic bottles and cans using printed and clear films
  • Asia pacific accounted for 35.7% of revenue share in 2016 on account of the growing demand for the product in consumer goods packaging industry in the developing economies including China and India
  • The major players in the industry constantly invest in the new product development projects to enhance the characteristics of the product and reduce the manufacturing cost to gain a competitive edge over the local players in the market
Grand View Research has segmented the global POF shrink film market on the basis of product, application and region:
Polyolefin Shrink Film Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • General
  • Cross-linked
Polyolefin Shrink Film Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Food
  • Beverage
  • Industrial packaging
  • Pharmaceuticals
  • Consumer goods
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Comments

Post a Comment

Popular posts from this blog

Hexane Market Quantitative Hexane Market Analysis Current and Future Trends 2025

The global  hexane market  is expected to reach USD 2.36 billion by 2024, according to a new report by Grand View Research, Inc. The growth of oil extraction industry is expected to remain a key factor driving the global hexane market over the forecast period. Growing use of hexane across key end-use industries such as rubber and petrochemical is anticipated to boost the global market over the next eight years. It is extensively used as a special purpose solvent and as an oil extractant in industries such as printing, textiles, and leather. Extraction emerged as the dominant grade owing to its wider applicability and demand from growing edible oil industry. The grade accounted for over 55% of the overall consumption in 2015. Edible oil demand has been witnessing significant growth for the past few years owing to increasing consumption of fried food. Factors such as rising purchasing power of consumers along with evolving dietary habits have led to a shift in consumer p...
Post a Comment
Read more

Polyurethane (PU) Foam Market is Considered as One of the Rapidly Growing Dynamic Markets

The global  Polyurethane Foam Market  is expected to reach USD 91.96 billion by 2024, according to a new report by Grand View Research, Inc. Increasing construction spending coupled with high demand from bedding & furniture industry for cushioning and insulation is estimated to drive industry growth.  Polyurethane foams consumption is anticipated to increase significantly owing to reduced wastage, elevated recyclability, greater sustainability, and reduce energy consumption throughout their life cycle. Growing requirement in end-use industries such as packaging and footwear is anticipated to further compliment growth.  Various governments and federal agencies are increasingly being concerned with detrimental health effects of isocyanates utilized in PU production. Recent trends in PU production include the elimination of chlorinated fluorocarbon blowing agents, due to toxicity & sustainability concerns. To request a sample copy or view summary of this...
Post a Comment
Read more