Polyolefin Shrink Film Market Analysis

Polyolefin Shrink Film Market Analysis

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Based on material type, the polyolefin shrink film market is segmented as polyethylene (PE) shrink film, polypropylene (PP) shrink film. Polyethylene (PE) Shrink Film held a majority market value of USD 3.1 billion in 2022. PE shrink film is often considered more affordable compared to other shrink film materials, making it an attractive option for businesses seeking cost-effective packaging solutions.
 

Based on type, the polyolefin shrink film market is segmented as general shrink film, cross-linked shrink film. General Shrink Film held a dominant market share of around 65% in 2022 and is expected to grow at a lucrative pace through 2032. General Shrink film provides effective protection against moisture, dust, dirt, and physical damage during transportation, storage, and retail display.
 

Based on end-use, the polyolefin shrink film market is segmented as food and beverage, retail and e-commerce, manufacturing and distribution, consumer goods, printed material, others. Food & beverages held a dominant market share in 2022 and is anticipated to grow at 5.1% CAGR through 2032. Polyolefin shrink film helps maintain the freshness, hygiene, and safety of food and beverage products during transportation and storage. Thus, the high-quality services and growing usage of Polyolefin shrink film at food centres are anticipated to expedite the business growth.
 

U.S. dominated the North American region with majority polyolefin shrink film market share and a revenue of USD 1.2 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The rapid expansion of e-commerce in North America has increased the need for packaging materials that can protect products during shipping and improve the unboxing experience.