Polyolefin shrink film is a highly durable and versatile shrink film. The term polyolefin is used to denote plastics such as polyethylene and polypropylene. Since polyolefin is chemically inert, it is suitable for packaging applications, specifically for food and beverages. The properties of polyolefin shrink film such as higher resistance to temperature fluctuations, improved seal quality, and high tear resistance during the packaging is considered to help in market expansion.
MARKET DYNAMICS
Polyolefin shrink films are approved by Food and Drug Administration as a safe material. It can be used in direct contact with food material as it does not contain toxics and odor. Rising food safety concerns across the globe fueled the demand of polyolefin shrink films. Moreover, POF shrink films are cost-effective than other alternatives such as carton and wrapping paper, thereby it reduces the overall packaging cost by 50%. Printability of polyolefin shrink films helps manufacturers label the product. Such factors are highly contributing to the growth of polyolefin shrink film market progression.
MARKET SCOPE
The "Global Polyolefin Shrink Films Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyolefin shrink films market with detailed market segmentation by type, material type, application and geography. The global polyolefin shrink films market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyolefin shrink films market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyolefin shrink films market is segmented on the type, material type, and application. On the basis of type, polyolefin shrink films market is segmented into general shrink film and cross-linked shrink film. On the basis of material type, market is segmented into polyethylene, polypropylene. On the basis of application, market is segmented into food and beverage, consumer goods, personal care and cosmetics, pharmaceutical, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyolefin shrink films market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyolefin shrink films market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the polyolefin shrink films market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyolefin shrink films market in these regions.
MARKET PLAYERS
The reports cover key developments in the polyolefin shrink films market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyolefin shrink films market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the polyolefin shrink films market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyolefin shrink films market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amcor plc
- Bagla Group
- Berry Global Inc.
- China Petrochemical Corporation
- Flexi Pack
- Interplast
- Intertape Polymer Group
- SABIC
- Sealed Air
- Sigma Plastics Group
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