The global collation shrink films market is expected to elevate at a CAGR of 5.9% between 2022 and 2030, reaching US$ 6.5 billion by the year 2030. The growth of the collation shrink films market is attributed to the increasing demand for collation shrink films in various end-use industries, such as food and beverage, personal care, healthcare, and electronics.
Collation shrink films are used to pack a number of units of packaged products together. They are made from polyethylene (PE) and are available in a variety of thicknesses and widths. Collation shrink films are shrink-wrapped using heat, which helps to secure the packages and protect them from damage during transportation and storage.
The increasing demand for collation shrink films in various end-use industries is driving the growth of the collation shrink films market. The food and beverage industry is the largest end-user of collation shrink films, as they are used to pack a variety of food products, such as bottles, cans, and cartons.
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The personal care industry is also a major end-user of collation shrink films, as they are used to pack a variety of personal care products, such as shampoos, conditioners, and lotions. The healthcare industry is also a significant end-user of collation shrink films, as they are used to pack a variety of medical devices and disposables.
The growth of the e-commerce industry is also expected to drive the growth of the collation shrink films market. E-commerce retailers use collation shrink films to pack and protect the products they ship to their customers. The increasing demand for online shopping is expected to boost the growth of the e-commerce industry, which in turn is expected to drive the growth of the collation shrink films market.
Key Takeaways of Collation Shrink Films Market Study
- As per thickness, 25-50 micron collation shrink films are expected to holds 1/3rd of the market share during the forecast period
- Linear low-density polyethylene (LLDPE) material segment is expected to gain by 50 bps of current market share, by the end of 2030
- Collation shrink films are mostly preferred for bottles and cans packaging applications, pushing these segments to gain a cumulative worth of US$ 774 Mn by 2025
- Food and beverage manufacturers to remain key end users of collation shrink films and estimated to expand 1.8x of current market value during 2020-2030
- North America is estimated to remain at leading position with more than 25% market share in 2020. However, East Asia is expected to outbid other regions during the forecast period.
- South Asia market is anticipated to expand by 2.1x of current market share till 2030, attributing to double digit investment by the key players for manufacturing collation shrink films
- Germany market is anticipated to be highly lucrative as it is poised to represent an incremental opportunity of US$ 24 Mn by the end of 2025 in the Europe region
- Mexico collation shrink films market is anticipated to expand at a potential CAGR of 7.1% during 2020-2030, owing to increasing number of key players
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Frequently Asked Questions (FAQ):
- What are the factors influencing the growth of the Collation Shrink Films market?
- Which are the key sectors driving the Collation Shrink Films market?
- Who are the major manufacturers?
- What is the biggest restraint for Collation Shrink Films ?
- What will be the growth prospects of the Collation Shrink Films market?
Removing Downgauging Bottlenecks to Drive Collation Shrink Films Market
Manufacturers in collation shrink films are focussing on optimizing the quality by enhancing its multi-layer packaging film concept with five or more layers. These multi-layer collation shrink films are relatively stiff and enable extra thin gauges resulting in low wastage and overall cost.
Five-layer collation shrink films offer the advantage of holding force and stiffness over three-layer films, which are often a bottleneck to downgauging in secondary packaging application.
Recently Saudi Arabia-based Sabic Company introduced a multi-layer film solution for beverage collation. The SABIC multi-layer collation shrink films concept is expected to reduce downgauging and production at approximately 10,000 kg/hr. Its Teesside, UK-based plant, is manufacturing such collation shrink films to cater to the demand of efficiency on all fronts.
Key Players:
- Napco National
- Scientex
- MURAPLAST d.o.o.
- Eurofilms Extrusion Limited
- Bolloré Group
- ITP – Industria Termoplastica Pavese
- SABIC
- Coveris Holdings SA
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Key Segments Covered in Collation Shrink Films Industry Research
Collation Shrink Films Market by Thickness:
- Less than 25 Micron
- 25-50 Micron
- 51-100 Micron
- Above 100 Micron
Collation Shrink Films Market by Material:
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- Medium Density Polyethylene (MDPE)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Others
Collation Shrink Films Market by Application:
- Bottles
- Cans
- Books & Magazines
- Cartons
- Others
Collation Shrink Films Market by End-use:
- Food & Beverages
- Cosmetics
- Personal Care & Home Care
- Transport & Logistics
- Pharmaceuticals
- Printing & Publications
- Others
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