POF Shrink Film Market Size, Growth Trends & Insights Analysis Report by Type (Cross Linked POF Shrink Film and Standard POF Shrink Film), by Application (Food Packaging, Cosmetics & Toiletries Packaging, Drug Packaging, Stationery Packaging and Other), by Region and Competitive Landscape Forecasts, 2025 – 2033

10 min read

Updated on 12/25/2024

1 Global POF Shrink Film Market Size (Revenue) and CAGR (2024-2033)

Global POF Shrink Film market generated revenue of USD 2981.43 million in 2024 with a CAGR of 5.95% during 2024 to 2033.

This growth can be attributed to several factors, including the increasing demand for sustainable and efficient packaging solutions across various industries such as food and beverages, cosmetics, pharmaceuticals, and more. The superior performance characteristics of POF Shrink Film, such as its high transparency, shrinkage rate, and environmental friendliness, make it a preferred choice over traditional packaging materials like PVC.

Furthermore, the POF Shrink Film market is characterized by intense competition among manufacturers, with constant innovation in product development and technology. This competition is likely to drive down costs and increase the accessibility of POF Shrink Film, further boosting its market penetration. The market is also witnessing a shift towards biodegradable and recyclable POF Shrink Film options, which are gaining traction due to their eco-friendly nature.

Figure Global POF Shrink Film Market Size (M USD) Outlook (2024-2033)

2 POF Shrink Film Market Trends

Table Market Trends

Item

Description

Sustainability tendencies

In recent years, global environmental problems have become increasingly prominent, resources and energy are becoming more strained, plastic packaging materials in addition to meet the increasing requirements of product packaging quality and efficiency, the environmental protection requirements are also constantly improving. POF shrink packaging is also affected by this, more attention to reduce environmental impact, improve packaging efficiency and reduce energy consumption, and continue to develop in the direction of sustainability.

Due to its versatility, strength and transparency, POF shrink film is widely used in many industries and gradually replaces traditional plastic packaging. And, because of its durability and economy, it is becoming more and more popular. However, the main raw materials of POF shrink film are still traditional plastic materials, which have a greater impact on the environment. Therefore, raw materials and life cycles may be key factors in the development of sustainability in the POF shrink film sector. In terms of raw materials, the use of degradable materials may be a reliable solution to its sustainability. Manufacturers are constantly innovating and developing environmentally friendly packaging solutions. Biodegradable polyolefin (POF) shrink films are a solution that is gaining attention in the packaging industry, providing a viable alternative to traditional POF shrink films. EcoShrink, for example, is a compostable shrink film that is certified as industrially compostable. In addition, POF shrink films made from recycled ingredients, such as PCR recycled materials, PIR recycled materials, reduce the overall need for raw resin production, thus creating more environmentally friendly packaging/products. In addition to the innovation in raw materials, the establishment of a complete cycle of POF shrink film infrastructure and systems is also a solution to promote the sustainable development of the industry. Moreover, with the continuous enhancement of people’s environmental awareness, the application of biodegradable materials, recyclable materials and other emerging raw materials in POF shrink film will be more and more, and the construction of POF shrink film recycling system may be one of the important trends in the future.

The development and progress of technology

The progress and development of POF shrink film technology is an important field and development trend of innovation in the field of flexible packaging. The advancement and innovation of POF shrink film industry technology mainly focuses on the development of POF shrink film manufacturing technology and the development of packaging technology. For example, manufacturers in the industry continue to improve formulations, use new materials, improve technology, and improve the early POF shrink film, so that their robustness, strength and durability are greatly increased.

Compared with the standard POF shrink film, POF crosslinked thermal shrink film has better durability, flexibility, barrier properties, and can provide more excellent product protection. Therefore, with the continuous development of electronic crosslinking technology, the strength of POF crosslinking heat shrink film continues to increase, and will continue to adapt to high-end, heavy and evolving needs.

In addition, the development of packaging equipment and the upgrading of packaging needs have higher and higher requirements for packaging plastic films, such as good thermal slip, high flatness, strong tear resistance, low breaking rate, and good shrinking effect. Therefore, in order to meet the needs of high-speed operation of new packaging machinery, the demand for high-quality POF heat shrink film will continue to grow. At the same time, the development of packaging technology will continue to bring great opportunities for the development of POF heat shrink film industry.

3 Global POF Shrink Film Market by Type in 2024

The global POF Shrink Film market is a dynamic sector that has been witnessing significant growth in recent years. In 2024, the market is characterized by two primary product types: Cross Linked POF Shrink Film and Standard POF Shrink Film. These products are pivotal in various packaging applications due to their distinct properties and performance capabilities.

Cross Linked POF Shrink Film: Cross Linked POF Shrink Film is produced using radiation cross-linking technology, which enhances the film’s heat sealing strength and shrinkage rate. This type of film is favored for high-volume, high-speed packaging applications and is particularly useful for products that require a high level of display appeal. The cross-linking process results in a product with superior durability and resistance to tearing, making it suitable for a variety of packaging machinery and applications.

In 2024, the market size for Cross Linked POF Shrink Film is significant, though it holds a smaller market share compared to its standard counterpart. The market share for Cross Linked POF Shrink Film in 2024 stands at 43.45%. Despite this, the cross-linked variant exhibits the fastest growth rate due to its superior properties and the increasing demand for high-quality packaging materials in sectors like cosmetics, pharmaceuticals, and luxury food products.

Standard POF Shrink Film: Standard POF Shrink Film, also known as non-cross-linked POF Shrink Film, is made from polyethylene (PE) and polypropylene (PP) polymers and does not undergo the cross-linking process. This type of film is more cost-effective and is widely used in general packaging applications where high-speed processing and enhanced display features are not critical. It offers an economical solution for regular packaging needs and is easy to use on most shrink packaging machines.

Standard POF Shrink Film dominates the market in terms of market share, claiming 56.55% of the global POF Shrink Film market in 2024. Its widespread use in food packaging, which is the largest application segment, contributes significantly to its market share. The demand for standard POF shrink film is driven by its affordability and suitability for a broad range of packaging applications, from consumer goods to industrial products.

Type	Market Size (M USD) 2024	Market Share 2024
Cross Linked POF Shrink Film	1295.35	35.61%
Standard POF Shrink Film	1686.08	64.39%

4 Global POF Shrink Film Market by Application in 2024

The global POF Shrink Film market caters to a variety of applications, each with its unique requirements and market dynamics. In 2024, the primary applications include Food Packaging, Cosmetics & Toiletries Packaging, Drug Packaging, Stationery Packaging, and Others.

Food Packaging: Food Packaging is the largest application segment within the POF Shrink Film market. It involves the use of POF shrink films to protect and preserve food products, extending their shelf life and enhancing their visual appeal. This segment includes packaging for a broad range of food products, from fresh produce to processed items. In 2024, Food Packaging accounts for a market share of 66.42%, making it the dominant application area for POF Shrink Film. The segment’s growth is driven by the increasing global population, rising disposable income, and the need for sustainable packaging solutions in the food industry.

Cosmetics & Toiletries Packaging: Cosmetics & Toiletries Packaging is another significant application of POF Shrink Film. This segment utilizes shrink films for the appealing presentation and protection of cosmetic and personal care products. In 2024, the market share for Cosmetics & Toiletries Packaging stands at 6.53%. While this segment holds a smaller market share compared to Food Packaging, it is recognized for its fastest-growing rate due to the increasing demand for premium and sustainable packaging in the cosmetics industry. The focus on innovative and eco-friendly packaging solutions to attract consumers is driving the demand for high-quality POF shrink films in this sector.

Application	Market Size (M USD) 2024	Market Share 2024
Food Packaging	1980.21	66.42%
Cosmetics & Toiletries Packaging	194.79	6.53%
Drug Packaging	173.23	5.81%
Stationery Packaging	135.98	4.56%
Others	497.22	16.68%

5 Global POF Shrink Film Market by Region in 2024

The global POF Shrink Film market is a diverse and expansive industry, with various regions contributing significantly to its growth and development. In 2024, the market is led by different regions, each with its unique dynamics and market characteristics.

North America: The North America region stands out as the largest market for POF Shrink Film, with a revenue of $1,012.84 million, holding a 33.97% share. The region’s mature consumer market and a strong packaging industry contribute to this significant market share.

Asia Pacific: The Asia Pacific follows with a revenue of $974.13 million, holding a 32.67% share. This region’s dominance is attributed to the rapid industrialization, a growing population, and an increasing demand for packaged goods, particularly in countries like China and India.

Europe: Europe captures the third position with a 25.14% share, generating a revenue of $749.40 million. The region’s established packaging industry and strict environmental regulations favoring sustainable packaging solutions drive this market share.

Latin America and Middle East & Africa: Latin America and the Middle East and Africa regions, while smaller, are noteworthy. Latin America accounts for a 3.81% share with a revenue of $113.54 million, and the Middle East and Africa region holds a 4.41% share with a revenue of $131.51 million.

Table Global POF Shrink Film Market Size, Region Wise in 2024

Region	Market Size (M USD) 2024	Market Share 2024
North America	1012.84	33.97%
Europe	749.40	25.14%
Asia Pacific	974.13	32.67%
Latin America	113.54	3.81%
Middle East and Africa	131.54	4.41%

Global POF Shrink Film Revenue Market Share by Region in 2024

6 Global POF Shrink Film Market Top 3 Players

Sealed Air

Company Introduction and Business Overview: Established in 1960 and headquartered in the USA, Sealed Air is a leading global provider of packaging solutions. The company offers a wide range of films, trays, packaging equipment systems, and easy-open packaging solutions under brands like OptiDure, Bubble Wrap, Autobag, and TempGuard.

Products Offered: Sealed Air’s product portfolio includes SEALED AIR brand shrink films, known for their strength and durability. These films are used for packaging a variety of products, from large consumer goods to smaller items.

Revenue in 2024: Sealed Air’s revenue from POF Shrink Film in 2024 is projected to be $326.32 million, maintaining its position as a key player in the market.

Zhejiang Zhongcheng Packing Material Co., Ltd.

Company Introduction and Business Overview: Established in 2001 and headquartered in China, Zhejiang Zhongcheng Packing Material Co., Ltd. is an integrated manufacturing company specializing in scientific research, design, production, sales, and after-sales service of packaging materials.

Products Offered: The company offers ZDF01 Polyolefin Shrink Film, a cost-effective, non-crosslinked film that works efficiently on most shrink packaging machines.

Revenue in 2024: Zhejiang Zhongcheng Packing Material Co., Ltd.’s revenue from POF Shrink Film in 2024 is estimated to be $123.62 million, reflecting its strong market presence.

Interplast

Company Introduction and Business Overview: Interplast, established in 1981 and headquartered in the UAE, manufactures PVC compounds and has developed an extensive range of compounds for various applications, including POF Shrink Films.

Products Offered: Interplast offers a wide range of POF Shrink Films that are environmentally friendly and recyclable, compatible with various shrink-wrapping equipment and sealing technologies.

Revenue in 2024: Interplast’s revenue from POF Shrink Film in 2024 is projected to be $96.13 million, indicating its significant contribution to the global market.