According to the report titled ‘Global Polyolefin (PO) Shrink Film Market, 2021-2027’, available with MarketStudyReport, global polyolefin shrink film market is estimated to record a y-o-y growth rate of 4.5% over 2021-2027

 

As per the report findings, global polyolefin shrink film market is observing a surge in demand due to exceptional features of polyolefin, such as superior airtight sealing to extend product shelf-life, improved barrier properties, and ease of printing.

 

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Notably, polyolefin (PO) is a class of polymer made from olefin that on heating compresses tightly to form a layer of protection. Because of high durability and versatility, it finds extensive usage in packaging of food & beverages and consumer-durable goods.

 

Moreover, high gloss finish of the film improves its appearance and increases marketing success, which is boosting product demand. Also, being easily recyclable, polyolefin shrink film is environmentally appealing, hence facilitating the industry outlook.

 

Based on product type, global polyolefin shrink film market is classified into polyethylene, and polypropylene. As per application spectrum, the business sphere is categorized into packaging, personal care, pharmaceutical, stationery, and food & beverage. Of these, food & beverage segment is slated to generate significant revenues for the market during 2021 and 2027, owing to increasing demand for packaged food products such as ready-to-eat and frozen meals, as well as burgeoning popularity of quick-service restaurants.

 

Moving to geographical scope, the market spans across Asia-Pacific (Japan, Korea, Thailand, China, India, Taiwan, Indonesia, Australia), Middle East & Africa (Saudi Arabia, Egypt, Turkey, UAE, Iran, Israel, Nigeria, South Africa), Europe (U.K., Italy, Spain, Germany, Russia, France), North America (U.S., Mexico, Canada), and South America (Argentina, Chile, Brazil, Peru, Venezuela, Colombia)

 

The competitive scope of the global polyolefin (PO) shrink film market includes companies like Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, Clysar LLC, Sigma Plastics Group, and Intertape Polymer Group Inc. among others.