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.
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this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/polyolefin-pof-shrink-film-market
http://www.grandviewresearch.com/industry-analysis/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
Polyolefin Shrink Film Regional Outlook
(Volume, Kilotons, Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
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.
