21 September 2018: According to Grand View Research, Inc., the worldwide polyolefin (POF) shrink film market is likely to achieve USD 7.4 billion by 2025. polyolefin (POF) shrink film can be categorized into general POF shrink films and Cross-linked shrink film. It can be used in variety of printing and packaging applications such as food, beverage, pharmaceuticals, industrial packaging, consumer goods, and other.
Taghleef Industries (Ti) presented a new shrink film called TDS at Labelexpo Europe 2017. The product is a new film for TD shrink sleeve lables, which is a low-density polyolefin polymer reduced weight of lable. It can be used for 360-degree label designs. The product may provide up to 65% shrinkage and has a shrink curve transverse direction (TD). The company has also presented a variety of films that can be used for PSL facestock applications, in-mold labeling, wrap around roll-fed labels, and over-laminations. These films can be used for printing applications like offset, flexo, gravure, and digital printing. The company also presented an antibacterial film that could offer an additional layer for protecting personal care products by killing bacteria.
The VISION shrink label films developed by Ti can be used in labeling applications. The product is available in white voided and transparent MD shrink films, which can be utilized on roll-fed label equipment. Use of shrink films on cans can eliminate the requirement for direct offset printing and applicable for metal, plastic, and glass containers.
Jiashan Hengyu Plastic Co., Ltd., has recently developed a high clarity biaxial oriented heat shrinkable film called HY0101. It can be used in packaging to provide soft corner during packaging. It doesn’t emit harmful gases.
Introduction of cross-link technology, rising demand for the product due to its outstanding barrier properties, superior airtight sealings, high gloss and mat finish, and suitability for printing and packaging applications can propel polyolefin (POF) shrink film market during the forecast period (2014 to 2025). Increasing demand for packed food such as ready-to-eat meals and utilization of the product in several consumer goods may boost the market.
Some of the leading companies operating in the market include China Petrochemical Corporation, PakMarkas UAB, Intertape Polymer Group, Inc. (IPG); Riverside Paper Co. Inc.; and PakMarkas UAB.
In-Depth Research Report On Polyolefin (POF) Shrink Film Market:
https://www.grandviewresearch.com/industry-analysis/polyolefin-pof-shrink-film-market
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