Global Polyolefin (Po) Shrink Films Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

General Shrink Film and Cross-Linked Shrink Film.

By Material Type;

Polyethylene (PE) and Polypropylene (PP).

By Application;

Food and Beverage, Industrial Packaging, Personal Care and Cosmetics, Pharmaceutical, Printing and Stationery and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn917340283 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Polyolefin (Po) Shrink Films Market (USD Million), 2021 - 2031

In the year 2024, the Global Polyolefin (Po) Shrink Films Market was valued at USD 6,147.29 million. The size of this market is expected to increase to USD 8,824.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The global polyolefin (PO) shrink films market has been experiencing substantial growth driven by increasing demand across various industries such as packaging, food and beverage, pharmaceuticals, and consumer goods. Polyolefin shrink films, known for their clarity, durability, and shrinkability, have become a preferred choice for packaging solutions. The key attributes such as high puncture resistance, excellent shrinkage ratio, and superior optical properties make PO shrink films an ideal material for securing and presenting products attractively.

The food and beverage industry, in particular, has been a significant contributor to the market's expansion. The need for tamper-evident packaging, along with the rising trend of ready-to-eat and convenience foods, has bolstered the demand for PO shrink films. In addition, the growing emphasis on sustainable and recyclable packaging materials has further accelerated the adoption of polyolefin shrink films, which are environmentally friendly compared to other shrink films like PVC.

Technological advancements in manufacturing processes have also played a crucial role in the market's growth. Innovations such as multi-layer co-extrusion techniques have enhanced the performance characteristics of PO shrink films, making them more versatile and efficient for various applications. Additionally, the increasing investments in research and development by key market players aim to improve the product's properties, thereby expanding its application scope.

Regionally, the Asia-Pacific region has emerged as a dominant market for PO shrink films, driven by the rapid industrialization, urbanization, and the expanding middle-class population. Countries like China and India are witnessing a surge in demand due to the flourishing retail sector and the growing popularity of packaged goods. North America and Europe also hold significant market shares, supported by the robust packaging industry and the increasing focus on sustainable packaging solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Material Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Polyolefin (Po) Shrink Films Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand
        2. Packaging solutions
        3. Food and beverage industry
      2. Restraints
        1. High production costs
        2. Availability of alternatives
        3. Environmental concerns
      3. Opportunities
        1. Sustainable packaging solutions
        2. Technological advancements
        3. Expanding retail sector
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Polyolefin (Po) Shrink Films Market, By Type, 2021 - 2031 (USD Million)
      1. General Shrink Film
      2. Cross-Linked Shrink Film
    2. Global Polyolefin (Po) Shrink Films Market, By Material Type, 2021 - 2031 (USD Million)
      1. Polyethylene (PE)
      2. Polypropylene (PP)
    3. Global Polyolefin (Po) Shrink Films Market, By Application, 2021 - 2031 (USD Million)
      1. Food and Beverage
      2. Industrial Packaging
      3. Personal Care and Cosmetics
      4. Pharmaceutical
      5. Printing and Stationery
      6. Other Applications
    4. Global Polyolefin (Po) Shrink Films Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Allen Plastic Industries Co., Ltd.
      2. Berry Global Inc.
      3. Bollor Films
      4. Clysar, LLC.
      5. Exxon Mobil Corporation
      6. Flexi Pack
      7. Harwal Group of Companies
      8. Hubei HYF Packaging Co., Ltd.
      9. Intertape Polymer Group
      10. KYUNG WON CHEMICAL CO.,LTD.
      11. SABIC
      12. Sigma Plastics Group
  7. Analyst Views
  8. Future Outlook of the Market