The market space of heat shrinkable film continues to expand, and POF heat shrinkable film is its representative product.

Heat shrinkable film, also known as heat shrinkable film, refers to a film that shrinks when exposed to heat and thus tightly covers the product. Heat shrinkable film has the advantages of high transparency, good gloss, and high shrinkage rate. It can be used to package irregular-shaped products and is widely used in medicine, food processing, daily necessities and other fields. According to different base materials, heat shrinkable films can be divided into POF heat shrinkable films, PE heat shrinkable films and PVC heat shrinkable films.

Heat shrink film is a plastic packaging material with a wide range of applications. Traditional heat shrink films have problems such as low density, non-recyclability, and difficulty in degrading in the natural environment. Extensive use can easily cause environmental pollution. Since March 2022, the Plastic Recycling Branch of the China Synthetic Resin Association has successively issued a number of group standards such as the “Design Guide for Recyclable Recycling of PET/HDPE/PP Container Packaging Products”, clarifying strict requirements for plastic packaging recycling and regeneration. Regulation. In the future, with the gradual implementation of national environmental protection policies and taking effect, my country’s heat shrinkable film industry will develop in a green and environmentally friendly direction.

POF heat shrinkable film, also known as biaxially oriented polyolefin heat shrinkable film, is a representative product in the heat shrinkable film market. POF heat shrinkable film has the advantages of high temperature resistance, antistatic, high toughness, and low production cost. As an environmentally friendly heat shrinkable film, it is widely used in the packaging field. my country is one of the major producers of POF heat shrinkable films in the world, but local companies focus on the production of mid- to low-end products, while high-end products mainly rely on imports. In the future, with the expansion of high-end POF heat shrinkable film production capacity, the development speed of my country’s heat shrinkable film industry will further accelerate.

According to the “2023-2028 China Heat Shrink Film Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, Heat shrinkable film can be used to package irregular-shaped products, which can effectively reduce packaging costs. It has broad application prospects in the packaging fields of medicine, food processing, daily necessities, etc. In recent years, with the accelerated development of downstream industries, the heat shrinkable film market space has continued to expand. The global heat shrink film market will reach US$4.12 billion in 2022, a year-on-year growth of 6.7%. In terms of the local market, my country is one of the major consumers of heat shrinkable film in the world, accounting for nearly 50% of the global market.

There are many heat shrinkable film manufacturers in my country, and the market competition is fierce. Fulai New Materials, China Resources Materials, Double Star New Materials, Zhejiang Zhongcheng, Xinyi Packaging, etc. are the main players in my country’s heat shrinkable film market. Fulai New Materials focuses on the R&D, production and sales of functional coating composite materials such as release films, protective films, and heat shrink films. It is currently promoting a new material project with an annual output of 46,000 tons of heat shrink films.

Industry analysts said that as a commonly used packaging material, the heat shrink film industry is developing well. In recent years, thanks to the gradual implementation of national environmental protection policies, the market share of environmentally friendly heat shrinkable films in my country has continued to increase. In terms of market competition, there are many participants in my country’s heat shrink film market, and the market competition is relatively fierce. In the future, companies with high-performance and environmentally friendly heat shrink film production capabilities will occupy a larger space in my country’s market.