Collation Shrink Film Market is Poised for Robust Growth, Reaching USD 6.6 Billion by 2035 | FMI

The global Collation Shrink Film Market is on a steady trajectory, with its size estimated to reach USD 4.2 billion by 2025 and projected to expand further to USD 6.6 billion by 2035. Market analysts forecast a CAGR of 4.6% during the period from 2025 to 2035, highlighting the sustained demand and evolving applications of these films. The market revenue stood at USD 4.1 billion in 2024, underscoring the industry's steady progress and resilience.

The Collation Shrink Film Market is experiencing significant growth as industries seek cost-effective and durable packaging solutions for bulk product handling. Widely used in beverage, food, personal care, and pharmaceutical industries, collation shrink film provides superior strength, flexibility, and tamper resistance, ensuring secure transportation and storage of multi-unit products.

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Advances in lightweight yet high-strength polyethylene films have improved load stability while reducing material consumption, making them an eco-friendly alternative to rigid packaging. The demand for biodegradable and recyclable shrink films is also rising, driven by stringent environmental regulations and shifting consumer preferences toward sustainable packaging.

Driving Factors Fueling Market Expansion

Collation shrink films have become an integral part of the food and beverage sector, primarily due to their cost-effectiveness and efficiency in bundling multipacks of bottled drinks, canned goods, and packaged foods. Their increasing adoption can be attributed to several key advantages:

• Cost-Effective Packaging Solution - Businesses benefit from reduced material costs compared to traditional packaging materials like rigid plastics and cardboard.
• Enhanced Product Visibility - Transparent shrink films allow consumers to see the product clearly, fostering greater trust and appeal.
• Simplified Transportation & Logistics - The ability to securely bundle products minimizes damage during transit and ensures compact, lightweight packaging.
• Improved Durability & Protection - These films offer excellent resistance against moisture, dust, and external impacts, keeping goods intact.
• Customizable Branding - Brands leverage the flexibility of shrink films to enhance their marketing appeal with printed logos, brand colors, and product information.

Key Takeaways From the Collation Shrink Film Market

• The global collation shrink film market recorded a CAGR of 3.0% between 2020 and 2024.
• The market value reached USD 4.1 billion in 2024.
• The USA is expected to lead in North America, with a projected CAGR of 3.8% through 2035.
• India, in the South Asia and Pacific region, is anticipated to grow at a CAGR of 5.9%.
• Low-density polyethylene (LDPE) is estimated to hold a 46.8% market share by 2035.
• Bottles are projected to dominate the application segment, accounting for 45.6% of the market by 2035.

Key Market Trends Shaping the Future

The demand for collation shrink films is driven by evolving market trends, which are reshaping the industry and defining its future outlook. Some key trends include:

Sustainability and Eco-Friendly Solutions: As sustainability concerns take center stage, biodegradable and recyclable shrink films are gaining traction. Manufacturers are focusing on low-density polyethylene (LDPE) films with high recyclability to meet regulatory standards and consumer demand for eco-friendly packaging

Growth in E-Commerce & Retail Packaging: With the rapid expansion of e-commerce and modern retail formats, collation shrink films are witnessing increased adoption for shelf-ready packaging. Retailers prefer these films as they streamline inventory management and reduce labor-intensive packaging processes.

Technological Advancements in Film Manufacturing: Advancements in polymer technology and multi-layered film structures have enhanced the performance of collation shrink films. Innovations such as high-tensile strength films and UV-resistant films are addressing industry-specific challenges and broadening applications.

Collation Shrink Film Market: Restraints & Challenges

Despite the promising outlook, the market faces challenges that need strategic solutions:

• Environmental Concerns & Regulatory Compliance - Stringent regulations on plastic usage are pushing manufacturers to adopt sustainable alternatives.
• Volatility in Raw Material Prices - Fluctuating costs of petrochemical-based raw materials can impact pricing and profit margins.
• Competition from Alternative Packaging Solutions - Increasing adoption of paper-based and compostable packaging poses a competitive challenge to traditional shrink films.

Competitive Landscape

Key players in the collation shrink film sector are creating and launching new goods to the market. They are combining with various organizations and expanding their geographical reach. A few of them also collaborate with local brands and start-up enterprises to produce new products.

Key Developments in Collation Shrink Film Market

In December 2024, Berry Global Group, Inc. collaborated with VOID Technologies to commercialize a new high-performance polyethylene (PE) film designed for pet food packaging.

In November 2024, Coveris made investment at its polyethylene extrusion facility in Winsford, Cheshire to expand its capabilities in the development of sustainable, recyclable films in alignment with the company's 'No Waste' strategy.

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Key Players in Collation Shrink Film Market

• Scientex Bhd
• Berry Global Group, Inc.
• Napco National
• Coveries Holdings SA
• Plastotecnica SpA
• Bolloré Group
• Silvalac SA
• Polipaks Ltd.
• EuroFilm Extrusion Limited (Trioworld Group)
• MURAPLAST d.o.o.
• Polystar Plastics Ltd

Collation Shrink Film Market Segmentation

By Thickness:

In terms of thickness, the industry is divided into less than 25 microns, 25 to 50 microns, 50 to 100 microns, and above 100 microns.

By Material:

In terms of material type, the industry is segmented into low-density polyethylene (LDPE), linear-low-density polyethylene (LLDPE), medium-density polyethylene (MDPE), high-density polyethylene (HDPE), polypropylene (PP), and other materials.

By Application:

In terms of application, the collation shrink film industry includes bottles, cans, books and magazines, cartons, and other applications.

By End-use:

Based on end-use, the sector is segmented into food and beverage, cosmetics, personal care and home care, pharmaceuticals, transportation and logistics, printing and publishing, and others.

By Region:

Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.

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