This is attributed to strong growth in manufacturing industry especially in China along with high demand for shrink film in India and China. In 2016, Asia Pacific accounted for more than 35% market revenue share in global shrink film market. increasing demand from end use industries is projected to propel the demand for shrink film during the forecast period.Ĭonsidering the economic overview of the market, Asia Pacific is expected to account for a major revenue share of the global shrink film market. It is used in packaging of various beverages, electronic products, automotive, medicines, paper, textiles, etc. Common plastic materials used in shrink films are polyolefin, polyvinyl chloride (PVC), PETG (PET), oriented polystyrene (OPS) and polylactic acid (PLA). Shrink films are made from polymer plastic film plastic films are shrinked over the product to be packed with the application of heat through handheld heat gun.
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