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Polyolefin Shrink Film Market Trends

Report ID: GMI6527
Published Date: Aug 2023
Report Format: PDF

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Polyolefin Shrink Film Market Trends

Increasing environmental awareness has driven the demand for more sustainable packaging solutions, including polyolefin shrink film with bio-based or recycled content. Manufacturers are exploring ways to reduce the environmental impact of their products by developing biodegradable, compostable, and recyclable shrink films. The growth of e-commerce has led to a surge in demand for packaging materials that can protect products during shipping and improve the unboxing experience. Polyolefin shrink film plays a role in ensuring products reach consumers in good condition and with an appealing presentation.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for polyolefin shrink film reached around USD 6.1 billion in 2023 and is estimated to record USD 9.7 billion by 2032, driven by widespread application in the packaging of food, beverages, cosmetics, pharmaceuticals, and electronics.

Polyolefin shrinks film market from the polyethylene (PE) shrink film segment accounted for USD 3.1 billion in revenue in 2022 and is likely to witness high demand through 2032 due to its affordability compared to other shrink film materials.

U.S. market for polyolefin shrink film was USD 1.2 billion in 2022 and is projected to expand at a steady pace from 2023-2032 attributed to the rapid expansion of e-commerce and the surging demand for packaging materials.

Some of the top firms in the polyolefin shrink film industry are Sealed Air Corporation, Berry Global Group, Inc., Amcor plc, Coveris Holdings S.A., Bemis Company, Inc. (Part of Amcor), Sigma Plastics Group, AEP Industries Inc., Intertape Polymer Group Inc., Ship-Pac, Inc., Bollore Group, and Dow Inc.