Polyolefin Shrink Film Market Report by Product (General Shrink Film, Cross-Linked Shrink Film, and Others), End Use Industry (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Printing and Stationery, and Others), and Region 2024-2032
Market Report I 2024-08-10 I 150 Pages I IMARC Group
The global polyolefin shrink film market size reached US$ 6.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.
Polyolefin (POF) shrink film is a chemically inert packaging material manufactured using polymer plastic material. It covers the product and shrinks tightly when heat is applied over it. It is highly durable, exhibits high tensile strength, puncture resistance and visual clarity, due to which it is widely used for packing food products, boxes and bottles. POE shrink film is commonly available in printed and unprinted rolls, tubes and bags. In comparison to the traditionally used materials, they are highly elastic and environment-friendly. As a result, they find extensive applications for the packaging of food and beverages, consumer goods, personal care products, cosmetics and pharmaceuticals.
The growing food and beverages industry and the increasing consumer awareness regarding food safety and protection, represent as the key factors creating a positive outlook for the market. With the changing lifestyles and hectic schedules of the consumers, there is an increasing demand for ready-to-eat (RTE) and packaged food products, which are sealed using POF shrink films. These films are also widely used for the sealing of RTE meals, snacks and frozen meals in quick serving restaurants (QSRs) and cafes. Additionally, various product innovations, such as the development of novel variants with high-gloss finish, improved barrier and airtight sealing properties and ease of printing, are acting as other growth-inducing factors. These variants enhance the aesthetic appeal of the product and aid in improving the effectiveness of the marketing and branding campaigns. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global polyolefin shrink film market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product and end use industry.
Breakup by Product:
- General Shrink Film
- Cross-Linked Shrink Film
- Others
Breakup by End Use Industry:
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Printing and Stationery
- Others
Breakup by Region:
- North America
o United States
o Canada
- Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
- Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
- Latin America
o Brazil
o Mexico
o Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allen Plastic Industries Co. Ltd., Amcor Plc, Berry Global Inc. (Berry Global Group Inc.), Exxon Mobil Corporation, Four Star Plastics, Harwal Group of Companies, Intertape Polymer Group Inc., Pakmarkas UAB, Riverside Paper Co. Inc. (SupplyOne Inc.), Saudi Basic Industries Corporation, Sealed Air Corporation and Syfan USA.
Key Questions Answered in This Report:
- How has the global polyolefin shrink film market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global polyolefin shrink film market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global polyolefin shrink film market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Polyolefin Shrink Film Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 General Shrink Film
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cross-Linked Shrink Film
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Food and Beverages
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Personal Care and Cosmetics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Pharmaceuticals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Printing and Stationery
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Allen Plastic Industries Co. Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Amcor Plc
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Berry Global Inc. (Berry Global Group Inc.)
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Exxon Mobil Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Four Star Plastics
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Harwal Group of Companies
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Intertape Polymer Group Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Pakmarkas UAB
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Riverside Paper Co. Inc. (SupplyOne Inc.)
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Saudi Basic Industries Corporation
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Sealed Air Corporation
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Syfan USA
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
Figure 1: Global: Polyolefin Shrink Film Market: Major Drivers and Challenges
Figure 2: Global: Polyolefin Shrink Film Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Polyolefin Shrink Film Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Polyolefin Shrink Film Market: Breakup by Product (in %), 2023
Figure 5: Global: Polyolefin Shrink Film Market: Breakup by End Use Industry (in %), 2023
Figure 6: Global: Polyolefin Shrink Film Market: Breakup by Region (in %), 2023
Figure 7: Global: Polyolefin Shrink Film (General Shrink Film) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Polyolefin Shrink Film (General Shrink Film) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Polyolefin Shrink Film (Cross-Linked Shrink Film) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Polyolefin Shrink Film (Cross-Linked Shrink Film) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Polyolefin Shrink Film (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Polyolefin Shrink Film (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Polyolefin Shrink Film (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Polyolefin Shrink Film (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Polyolefin Shrink Film (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Polyolefin Shrink Film (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Polyolefin Shrink Film (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Polyolefin Shrink Film (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Polyolefin Shrink Film (Printing and Stationery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Polyolefin Shrink Film (Printing and Stationery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Polyolefin Shrink Film (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Polyolefin Shrink Film (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: North America: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: North America: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: United States: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: United States: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Canada: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Canada: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Asia-Pacific: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Asia-Pacific: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: China: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: China: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Japan: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Japan: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: India: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: India: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: South Korea: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: South Korea: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Australia: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Australia: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Indonesia: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Indonesia: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Others: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Others: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Europe: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Europe: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Germany: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Germany: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: France: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: France: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: United Kingdom: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: United Kingdom: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Italy: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Italy: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Spain: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Spain: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Russia: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Russia: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Latin America: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Latin America: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Brazil: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Brazil: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Mexico: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Mexico: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Middle East and Africa: Polyolefin Shrink Film Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Middle East and Africa: Polyolefin Shrink Film Market: Breakup by Country (in %), 2023
Figure 71: Middle East and Africa: Polyolefin Shrink Film Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Global: Polyolefin Shrink Film Industry: SWOT Analysis
Figure 73: Global: Polyolefin Shrink Film Industry: Value Chain Analysis
Figure 74: Global: Polyolefin Shrink Film Industry: Porter's Five Forces Analysis
Table 1: Global: Polyolefin Shrink Film Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Polyolefin Shrink Film Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Polyolefin Shrink Film Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 4: Global: Polyolefin Shrink Film Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Polyolefin Shrink Film Market: Competitive Structure
Table 6: Global: Polyolefin Shrink Film Market: Key Players
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