Top Factors Driving the Global Polyolefin Shrink Film Market | Technavio

LONDON–(BUSINESS WIRE)–#PlasticsTechnavio
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 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.

Big savings with Technavio this February!

 

Get 20% OFF on all Education
Technology
reports. This offer is valid only till
the 28th of this month.

 

OR

 

Celebrate winter sports with 23% OFF all reports in our Outdoor
Gear
library (Offer valid from Feb 9-25).

 

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com