The polyolefin (POF) film market is expected to reach an estimated $125 billion by 2024 with a CAGR of 4.2% from 2019 to 2024
September 8, 2019Trends, opportunities and forecast in polyolefin film market to 2024 polyolefin film market by material (HDPE, LDPE, LLDPE, BOPP, CPP), technology (blown film extrusion, cast film extrusion, and others) film type (shrink, stretch, and linear film), end use industry (packaging, construction, agricultural, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the polyolefin (POF) film market looks promising with opportunities in the packaging, construction, and agriculture industries. The polyolefin (POF) film market is expected to reach an estimated $125 billion by 2024 with a CAGR of 4.2% from 2019 to 2024. The major drivers for this market are increasing demand for packaged food in emerging nations and growth in oriented film.
Emerging trends, which have a direct impact on the dynamics of the polyolefin (POF) film industry, include bio-based polyolefin film and development of nano-clay based polyolefin film. Jindal Poly Films, Mitsui Chemicals Tocello, Toray, Berry Plastics C, Toyobo, and Amcor Flexible are among the major manufacturers of polyolefin film.