Geographically, North America is the largest collation shrink films market, followed by Europe and Asia Pacific. In North America, the United States is a key contributor to market growth, driven by the strong presence of the food and beverage industry, as well as the expanding e-commerce sector. Europe is witnessing steady growth in the collation shrink films market, with countries like Germany, the United Kingdom, and France leading the adoption of these films.
The region’s stringent packaging regulations and the presence of a well-established retail industry contribute to market growth. In Asia Pacific, countries like China, India, and Japan are experiencing significant growth in the collation shrink films market. The region’s growing population, rising disposable income, and expanding retail and e-commerce sectors are driving the demand for collation shrink films.
Furthermore, the increasing focus on sustainable and eco-friendly packaging solutions is expected to drive the adoption of bio-based and biodegradable collation shrink films. Manufacturers are increasingly exploring sustainable alternatives to traditional polyethylene films, such as compostable films derived from renewable resources.
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In summary, the collation shrink films market is poised for growth driven by the increasing demand from various end-use industries, including food and beverage, personal care, healthcare, and e-commerce. North America, Europe, and Asia Pacific are the key regions contributing to market expansion. Additionally, the shift towards sustainable packaging solutions presents opportunities for the adoption of bio-based and biodegradable collation shrink film.
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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