Polyolefin (POF) Shrink Film Market size to grow by USD 1.45 billion from 2021 to 2026, Driven by recyclable properties of POF products - Technavio

NEW YORK, April 5, 2023 /PRNewswire/ -- The global polyolefin (POF) shrink film market size is estimated to increase by USD 1.45 billion from 2021 to 2026. The market's growth momentum will progress at a CAGR of 5.55% during the forecast period. POF products are recyclable, which is one of the major drivers fueling the growth of the polyolefin (POF) shrink film market growth.  Various lifecycle assessments have proven that it is valuable to materialize recycled bulk polymers. POF is easily recyclable, and no harmful vapors are released during the process of heat sealing. Therefore, it is a preferred choice over other plastics and shrinks films that can be harmful to the environment. Once the recycling process takes place, it is termed recycled POF film, which is environment-friendly and is entirely made up of recycled granulates. This process takes place quite safely without jeopardizing the properties of POF films. Hence, recyclability is a factor that will influence the growth of the POF shrink film market during the forecast period. Discover some insights on market size during the forecast period (2021 to 2026) before buying the full report - Request a sample report

Polyolefin (POF) Shrink Film Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (industrial packaging, food, consumer goods, pharmaceuticals, and beverages) and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The market share growth by the industrial packaging segment will be significant for the growth of the polyolefin (POF) shrink film market during the forecast period. The food segment will also offer significant growth opportunities to the vendors in the market. POF shrink film is one of the most popular films used for wrapping meat products and is often chosen because of the ability to print on the film. Various frozen food producers prefer to use shrink films due to the strong and durable seal it offers, added to the moisture barrier. Moreover, many companies selling frozen pizza choose to shrink film wraps because of their ability to offer a wrinkle-free fit as well as clarity in the display of the products. 

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Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global polyolefin (POF) shrink film market.

• APAC is estimated to account for 39% of the growth of the global polyolefin (POF) shrink film market during the forecast period. China, India, and Japan are the key countries for the POF market in the region. Market growth in this region will be slower than the growth of the market in certain other regions such as Europe. The steady rise in the production of domestic-use products will facilitate the POF market growth in APAC during the forecast period. 

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Polyolefin (POF) shrink film market – Vendor Analysis
Vendor Landscape - The global polyolefin (POF) shrink film market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer polyolefin (POF) shrink film in the market are Allen Plastic Industries Co. Ltd., Bagla Group, Berry Global Inc., Bollore SE, Clysar LLC, Exxon Mobil Corp., Flexi Pack Ltd., Four Star Plastics, Harwal Group, Hubei HYF Packaging Co. Ltd., Intertape Polymer Group Inc., LyondellBasell Industries NV, POF Shrink Films and Bolts Nuts Washers, SABIC, Sealed Air Corp., Sigma Plastics Group, Sonoco Products Co., SupplyOne Inc., Syfan Saad, and UAB PakMarkas and others.

Vendor Offerings -

• Bagla Group - The company offers polyolefin shrink films with cross-linking technology.
• Four Star Plastics - The company offers polyolefin shrink films for the automotive, food, packaging, and cosmetics industries.
• Intertape Polymer Group Inc. - The company offers polyolefin shrink films such as ExlfilmPlus and Exlfilm.
• For details on the vendor and their offerings – Request a sample report

Polyolefin (POF) Shrink Film Market – Market Dynamics

Key Trends -

• The rising use of bio-based POF is one of the key POF shrink film market trends contributing to the market growth.
• Various research entities and manufacturing companies are focusing on the implementation of bio-based, renewable, and sustainable materials for industrial applications. 
• For instance, the effective separation of carbon dioxide from sugarcane plantations, which is then converted to green POF, reduces greenhouse gas emissions.
• Manufacturers, consumers, and government officials combine efforts to promote the development and acceptance of such products.
• Hence, owing to the increasing popularity of bio-based products, the bio-based POF shrink film market is expected to witness growth during the forecast period. 

Major challenges - 

• Fluctuation in raw material prices is one of the primary factors hindering the polyolefin (POF) shrink film market growth. 
• The POF shrink film market is subject to fluctuations in raw material and energy prices, and in the past few years, crude oil and natural gas were comparatively stable in terms of supply and demand. 
• Companies cannot completely eliminate the market risk and use certain risk management tools for hedging, including mitigating short-term market fluctuations for specific commodities such as ethane, propane, benzene, and natural gas.
• Hence, raw material price fluctuation, especially for crude oil-based feedstock, will hinder the global polyolefin shrink film market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Polyolefin (POF) Shrink Film Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the polyolefin (POF) shrink film market between 2022 and 2026
• Precise estimation of the size of the polyolefin (POF) shrink film market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the polyolefin (POF) shrink film market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of polyolefin (POF) shrink film market vendors

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The PET shrink films market size is expected to increase by USD 509.56 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.07%. The PET shrink films market is segmented by end-user (food and beverage, industrial packaging, personal care and cosmetics, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The growing demand for packaged food and beverage products is one of the key drivers fueling the PET shrink films market growth.

The stretch and shrink film market size is expected to increase to USD 4.72 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.76%. This report extensively covers stretch and shrink film market segmentation by application (food and beverages, industrial or bulk, consumer goods, and pharmaceuticals), type (stretch film and shrink film), and geography (APAC, North America, Europe, South America, and Middle East and Africa). A major factor driving the global stretch and shrink film industry growth is the growth in the retail sector.

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Table of Contents 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Industrial packaging - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Industrial packaging - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Industrial packaging - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Industrial packaging - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Industrial packaging - Year-over-year growth 2021-2026 (%)

• 5.4 Food - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Food - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Food - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Food - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Food - Year-over-year growth 2021-2026 (%)

• 5.5 Consumer goods - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Consumer goods - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Consumer goods - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Consumer goods - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Consumer goods - Year-over-year growth 2021-2026 (%)

• 5.6 Pharmaceuticals - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Pharmaceuticals - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Pharmaceuticals - Year-over-year growth 2021-2026 (%)

• 5.7 Beverages - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Beverages - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Beverages - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Beverages - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Beverages - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Application 
• Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 India - Market size and forecast 2021-2026 
• Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026 
• Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Bagla Group
• Exhibit 101: Bagla Group - Overview
• Exhibit 102: Bagla Group - Product / Service
• Exhibit 103: Bagla Group - Key offerings

• 10.4 Four Star Plastics
• Exhibit 104: Four Star Plastics - Overview
• Exhibit 105: Four Star Plastics - Product / Service
• Exhibit 106: Four Star Plastics - Key offerings

• 10.5 Intertape Polymer Group Inc. 
• Exhibit 107: Intertape Polymer Group Inc. - Overview
• Exhibit 108: Intertape Polymer Group Inc. - Product / Service
• Exhibit 109: Intertape Polymer Group Inc. - Key offerings

• 10.6 LyondellBasell Industries NV 
• Exhibit 110: LyondellBasell Industries NV - Overview
• Exhibit 111: LyondellBasell Industries NV - Business segments
• Exhibit 112: LyondellBasell Industries NV - Key news
• Exhibit 113: LyondellBasell Industries NV - Key offerings
• Exhibit 114: LyondellBasell Industries NV - Segment focus

• 10.7 POF Shrink Films and Bolts Nuts Washers 
• Exhibit 115: POF Shrink Films and Bolts Nuts Washers - Overview
• Exhibit 116: POF Shrink Films and Bolts Nuts Washers - Product / Service
• Exhibit 117: POF Shrink Films and Bolts Nuts Washers - Key offerings

• 10.8 SABIC
• Exhibit 118: SABIC - Overview
• Exhibit 119: SABIC - Business segments
• Exhibit 120: SABIC - Key offerings
• Exhibit 121: SABIC - Segment focus

• 10.9 Sealed Air Corp.
• Exhibit 122: Sealed Air Corp. - Overview
• Exhibit 123: Sealed Air Corp. - Business segments
• Exhibit 124: Sealed Air Corp. - Key news
• Exhibit 125: Sealed Air Corp. - Key offerings
• Exhibit 126: Sealed Air Corp. - Segment focus

• 10.10 SupplyOne Inc.
• Exhibit 127: SupplyOne Inc. - Overview
• Exhibit 128: SupplyOne Inc. - Product / Service
• Exhibit 129: SupplyOne Inc. - Key offerings

• 10.11 Syfan Saad
• Exhibit 130: Syfan Saad - Overview
• Exhibit 131: Syfan Saad - Product / Service
• Exhibit 132: Syfan Saad - Key offerings

• 10.12 UAB PakMarkas
• Exhibit 133: UAB PakMarkas - Overview
• Exhibit 134: UAB PakMarkas - Product / Service
• Exhibit 135: UAB PakMarkas - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 136: Inclusions checklist
• Exhibit 137: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 138: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 139: Research methodology
• Exhibit 140: Validation techniques employed for market sizing
• Exhibit 141: Information sources

• 11.5 List of abbreviations 
• Exhibit 142: List of abbreviations

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