Collation Shrink Films Market to Reach US$ 6.4 Bn by 2030 as Demand Thinner Packaging Across Verticals Gains Momentum

The thriving e-commerce industry is expected to be the key driver for collation shrink films. Demand for high performance packaging solution and reduce transportation cost is expected to make collation shrink film an important packaging material for personal care products, food and beverages, cosmetics, and pharmaceuticals.

Collation shrink films are highly preferred for bottles and cans packaging in bundle formats. Therefore, these segments are expected to create cumulative incremental opportunity of US$ 774 Mn in next five years.

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Collation shrink films for cartons packaging is estimated to gain by 60bps of current market share during the forecast period with the advantage of increasing packaging strength for longer duration. In South Asia, these films estimated to hold nearly 17% market share for books and magazine laminations in 2020.

Future Market Insights predicts that e-commerce businesses will opt for collation shrink films as they are easy way to ensure that the product is not tampered with. Furthermore, products sensitive to moisture can stay safe in this type of packaging, thus making it a perfect choice for deliveries.

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

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In the coming years, shifting focus on usage of recyclable materials and production of five-layer collation films is expected to create multiple growth opportunities for collations shrink films market during 2020-2030.

“Most of the key players are continuously focusing on the development of extra thin collation shrink films, which will offer maximum impact protection to the stored products during transportation. Companies are coming up with the new technologies that will manufacture nearly 10-micron thin collation shrink films, which are stiff and provide a firm grip to the package,” says an FMI analyst.

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.

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Impact of COVID-19 on Collation Shrink Films market

COVID-19 pandemic has created multiple challenges for the packaging industry and reiterated its need to design sustainable solutions to reduce the pressure on landfills. Multiple restrictions of supply chain and logistical hurdles due to lockdown have slowed down the packaging industry, creating a negative impact on the collation shrink films market.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.