Polyolefin Shrink Film Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players_Shrink_Films_Market_-_Keyplayers.webp)
*Disclaimer: Major Players sorted in no particular order |
Polyolefin Shrink Film Market Analysis
The global polyolefin shrink films market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. The major factor driving the growth of the market studied is superior properties of POF shrink films.
- Stringent environmental regulations are likely to hinder the markets growth.
- By application, food and beverage segment is expected to dominate the demand for polyolefin films.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Polyolefin Shrink Film Market Trends
This section covers the major market trends shaping the Polyolefin Shrink Films Market according to our research experts:
Polyethylene (PE) Serves to be the Major Material Type
- Polyethylene (PE) is the majorly used material which finds application in various industries, such as food & beverage, marine, medical, and others.
- PE shrink films can be segmented into Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), and High-Density Polyethylene (HDPE) shrink films. Among PE material type, LDPE is the most widely used material for producing shrink films.
- LDPE shrink films provide greater strength and durability for heavier, larger items, like multipacks of beverages, marine industrial wrapping of boat for storage, etc.
- The ASEAN food and beverage industry is expected to grow strongly during the forecast period, due to the target set by the Industry Ministry of Indonesia for the national food and beverage industry in the country. A significant rise in commodity prices in Indonesia has boosted the purchasing power of people, with the rise in population in the country, particularly in the regions that have huge amount of production of commodities.
- Owing to all these factors, the market for polyolefin shrink films is likely to grow across the world during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific dominated the global market with a share of more than 40%. With growing packaging and healthcare industries in countries like China, India, Japan, and South Korea, the consumption of polyolefin shrink films is increasing in the region.
- China has the second-largest packaging industry in the world. The country is expected to witness a consistent growth during the forecast period, owing to the rise of customized packaging, increased demand for packaged consumerist goods.
- Moreover, the country witnessed rapid growth in the fast-moving consumer goods (FMCG) sector in the recent past. The growth of the FMCG market was majorly driven by the increased spending on premium and healthier products by the middle-class consumers in the country.
- Additionally, India has the fifth-largest packaging industry worldwide which is growing at a significant rate. The country's packaging industry is majorly driven by growing innovation in industries to make their products compact and portable.
- Due to all such factors, the market for polyolefin shrink films in the region is expected to have a steady growth during the forecast period.
Polyolefin Shrink Film Industry Overview
The polyolefin shrink films market is fragmented in nature. Some of the major players in the market include Berry Global Inc., Intertape Polymer Group, Sigma Plastics Group, Exxon Mobil Corporation, and SABIC, among others.
Polyolefin Shrink Film Market Leaders
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Berry Global Inc.
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Intertape Polymer Group
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Sigma Plastics Group
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Exxon Mobil Corporation
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SABIC
*Disclaimer: Major Players sorted in no particular order
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Polyolefin Shrink Film Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Superior Properties of POF Shrink Films
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Stringent Environmental Regulations
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4.2.2 Impact of COVID-19 Pandemic
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4.3 Industry Value-Chain Analysis
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4.4 Porters Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 General Shrink Film
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5.1.2 Cross-Linked Shrink Film
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5.2 Material Type
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5.2.1 Polyethylene (PE)
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5.2.2 Polypropylene (PP)
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5.3 Application
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5.3.1 Food and Beverage
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5.3.2 Industrial Packaging
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5.3.3 Personal Care and Cosmetics
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5.3.4 Pharmaceutical
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5.3.5 Printing and Stationery
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5.3.6 Other Applications
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 Italy
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5.4.3.4 France
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Allen Plastic Industries Co., Ltd.
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6.4.2 Berry Global Inc.
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6.4.3 Bollor Films
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6.4.4 Clysar, LLC.
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6.4.5 Exxon Mobil Corporation
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6.4.6 Flexi Pack
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6.4.7 Harwal Group of Companies
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6.4.8 Hubei HYF Packaging Co., Ltd.
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6.4.9 Intertape Polymer Group
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6.4.10 KYUNG WON CHEMICAL CO.,LTD.
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6.4.11 SABIC
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6.4.12 Sigma Plastics Group
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6.4.13 SYFAN USA
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Polyolefin Shrink Film Industry Segmentation
The global polyolefin shrink films market report includes:
| Type | |
| General Shrink Film | |
| Cross-Linked Shrink Film |
| Material Type | |
| Polyethylene (PE) | |
| Polypropylene (PP) |
| Application | |
| Food and Beverage | |
| Industrial Packaging | |
| Personal Care and Cosmetics | |
| Pharmaceutical | |
| Printing and Stationery | |
| Other Applications |
| Geography | |||||||
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Polyolefin Shrink Film Market Research FAQs
What is the current Polyolefin (PO) Shrink Films Market size?
The Polyolefin (PO) Shrink Films Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Polyolefin (PO) Shrink Films Market?
Berry Global Inc., Intertape Polymer Group , Sigma Plastics Group , Exxon Mobil Corporation and SABIC are the major companies operating in the Polyolefin (PO) Shrink Films Market.
Which is the fastest growing region in Polyolefin (PO) Shrink Films Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polyolefin (PO) Shrink Films Market?
In 2024, the Asia Pacific accounts for the largest market share in Polyolefin (PO) Shrink Films Market.
What years does this Polyolefin (PO) Shrink Films Market cover?
The report covers the Polyolefin (PO) Shrink Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyolefin (PO) Shrink Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polyolefin Shrink Film Industry Report
Statistics for the 2024 Polyolefin Shrink Film market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Polyolefin Shrink Film analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
