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Top Factors Driving the Global Polyolefin Shrink Film Market | Technavio

Technavio market research analysts forecast the global polyolefin (POF) shrink film market to grow at a CAGR of 6% during the period 2018-2022, according to their latest report.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180213005949/en/

Technavio has published a new market research report on the global POF shrink film market from 2018- ...

Technavio has published a new market research report on the global POF shrink film market from 2018-2022. (Graphic: Business Wire)

This market research report segments the global polyolefin (POF) shrink film market into the following applications (industrial packaging, food, consumer goods, pharmaceuticals, and beverages) and key regions (APAC, North America, Europe, and ROW).

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio analysts highlight the recyclability of POF products as a key factor contributing to the growth of the global polyolefin shrink film market:

POF products are recyclable

Polymers have become a prominent part of the manufacturing sector and their recycling has become necessary to develop a sustainable society. Recycling POF, which is a low-cost bulk polymer, is considered to be a waste of time and resource when they are used only for recovering energy. According to several life-cycle assessments, POFs can be recycled and used in similar products.

According to a senior analyst at Technavio for plastics, polymers, and elastomers, “POF is easily recyclable without any harmful vapors being released during the process of heat sealing, making it the preferred choice over other plastics and shrink films that can be harmful to the environment. Once the recycling process has taken place, it is termed as 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. It serves the same purpose as POF shrink films, however in a eco-friendlier manner and without creating any wastage.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global polyolefin shrink film market segmentation

Of the five major applications, the industrial packaging segment held the largest market share in 2017, accounting for nearly 27% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is food, which is expected to grow nearly 2% by 2022.

APAC was the leading region for the global polyolefin shrink film market in 2017, accounting for a market share of 36%. APAC will continue to have the largest market share with positive growth, while North America, Europe, and ROW are expected to witness negative growth by 2022.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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