Polyolefin (POF) Shrink Film Market Study by Price, Revenue and Gross Margin Analysis by 2025
29th Sept 2020 - The global Polyolefin (POF) Shrink Film Market is estimated to touch US$ 7.4 billion by the completion of the prediction period. The polyolefin shrink film industry was appreciated by US$ 4.50 billion in the year 2016. The growing diffusion of the product in foodstuff & liquid refreshment, industrial packaging, consumer goods, and medicines application due to the better-quality features of the product is likely to motivate the demand above the period of prediction. The polyolefin (POF) shrink film market is expected to grow at the CAGR of 5.8%.
The growing demand for
polyolefin (POF) shrink films due to their better-quality obstruction
possessions, easiness of printing, and better hermetical sealing is expected to
upsurge the shelf life of the product and likely to motivate the progress of
the market above the period of prediction.
Increasing demand for
wrapped foodstuff, for example ready-to-eat meal time, refreshments, and iced
up meal time, by means of altering standard of living, current marketing
skills, and improved admiration of speedy service eateries are likely to
motivate the development. Furthermore, usage of inventive treating methods to
increase the physical characteristics of the product is expected to increase
the acceptance of the film.
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Shrink Film Market Report with TOC @ https://www.millioninsights.com/industry-reports/polyolefin-pof-shrink-film-market
The POF Shrink Film
industry on the source of Type of Application could span End user goods,
Industrialized wrapping, Foodstuff, Medicines, Liquid refreshment. The
subdivision of “industrialized wrapping” was responsible for 26.4% stake of the
general income in the year 2016, because of the increasing demand in building
and automobile productions for product treatment and wrapping applications.
Growing demand for
alcoholic & non-alcoholic liquid refreshment is likely to motivate the
progress of the market for the product because of its application in packing
plastic bottles and cans with clear and printed films. The Polyolefin Shrink
Film market on the source of Type of Product could span Cross-linked, General.
The type “cross-linked films” was responsible for 57.8% stake of the income in
the year 2016 and is estimated to develop at a CAGR of 5.1% due to its growing
demand for foodstuff and end user merchandises application.
Some of the important companies operating in the Polyolefin (POF)
Shrink Film are Intertape Polymer Group, PakMarkkas, UAB, Sealed
Air Corporation, SYFAN USA Corporation, Asmaco Packaging Industries, SABIC,
Exxon Mobil and LyondellBasel Industries Holdings.
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Polyolefin Shrink Film Regional Outlook (Volume, Kilotons, Revenue, USD
Million, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
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