Polyolefin (POF) Shrink Film Market Outlook To 2026
The Polyolefin (POF) Shrink Film Market was valued at $7.15 Billion in 2018 and is forecast to grow at a modest 6.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $9.23 Billion.
Industry at a Glance.
Polyolefin (POF) shrink film is a tremendously durable and versatile material which is extensively used for packaging applications in many industries. The superior properties of POF shrink films, such as greater flexibility, clarity, huge-tensile strength, chlorine content, and no odor makes it widely general use.
Factors such as increasing saturation of consumer goods, industrial packaging, pharmaceuticals, and beverage application, technological innovations, increasing demand of polyolefin (POF) shrink films are propelling the market demand.
Advanced cross-link technology provides the product with high tensile strength, durable heat sealing, and enhanced shrink capacity which is projected to fuel the market demand in the coming future. According to U.S. survey cross-linked film has dominated the market with share of 83.1% of the total revenue share.
Upsurge in food safety concerns all over the world has boosted the usage of POF shrink films, as they are approved by the Food and Drug Administration (FDA) and United States Department of Agriculture (USDA) to be used in direct contact with food items.
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Key findings from the study: -
o The Polyolefin (POF) Shrink Film Market was valued at $7.15 Billion in 2018 and is forecast to grow at a modest 6.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $9.23 Billion.
o 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.
o We have segmented the Global Polyolefin (POF) Shrink Film-based on Product categories as General and Cross-linked.
o We have segmented the Global Polyolefin (POF) Shrink Film-based on Application Categories as Food, Beverage, Industrial Packaging, Pharmaceuticals, and Consumer Goods.
Ameri Research has segmented the Polyolefin (POF) Shrink Film Market by material categories, product type, end-use and region:
Global Polyolefin (POF) Shrink Film Market by Product categories (Revenue, Million, 2018 - 2026)
Global Polyolefin (POF) Shrink Film Market by Application Categories (Revenue, Million, 2018 - 2026)
o Industrial Packaging
o Consumer Goods
Global Polyolefin (POF) Shrink Film Market Regional Outlook (Revenue, USD Million, 2018-2026)
o Asia Pacific
o Latin America
o Middle East and Africa
o South Africa
o Saudi Arabia
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