Collation shrink films are a type of packaging material used to wrap and protect products during transportation and storage. These films are made from polyethylene, polypropylene, or other plastic resins and are designed to shrink when heated. The heat causes the film to conform tightly to the shape of the products it is wrapped around, providing a secure and durable packaging solution.
The collation shrink films market has experienced significant growth in recent years, driven by the increasing demand for efficient and cost-effective packaging solutions in a variety of industries. Between 2022 and 2030, the market for collation shrink films is anticipated to grow at a CAGR of 5.9%, reaching US$ 6.5 Bn. The primary end-users of collation shrink films are the food and beverage, pharmaceutical, personal care, and industrial sectors.
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In the food and beverage industry, collation shrink films are widely used to package products such as bottles, cans, and boxes. The films provide protection from moisture, dust, and other contaminants during transportation and storage, ensuring that the products reach their destination in good condition. Collation shrink films are also commonly used to bundle multiple products together, making them easier to handle and transport.
The pharmaceutical industry has also seen a significant increase in the use of collation shrink films, particularly for the packaging of medical devices and equipment. The films provide a sterile and protective barrier, ensuring that the products remain clean and uncontaminated during transportation and storage. Collation shrink films also help to reduce the risk of damage to delicate medical equipment, such as surgical instruments and implants.
In the personal care industry, collation shrink films are used to package a variety of products, including soaps, shampoos, and cosmetics. The films provide a high level of protection from moisture, dust, and other contaminants, ensuring that the products remain fresh and hygienic during transportation and storage. Collation shrink films are also commonly used to package multiple products together, making them easier to handle and transport.
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The industrial sector has also seen a significant increase in the use of collation shrink films, particularly for the packaging of large or irregularly shaped products. The films provide a secure and durable packaging solution, ensuring that the products remain safe and undamaged during transportation and storage. Collation shrink films are also commonly used to bundle multiple products together, making them easier to handle and transport.
One of the key factors driving the growth of the collation shrink films market is the increasing focus on sustainability and environmental responsibility. Many manufacturers are now producing collation shrink films from recycled materials or using biodegradable materials that are less harmful to the environment. This has led to increased demand for sustainable packaging solutions in a variety of industries, including food and beverage, pharmaceutical, personal care, and industrial.
In conclusion, the collation shrink films market is a rapidly growing industry that is expected to continue to experience significant growth in the coming years. The increasing demand for efficient and cost-effective packaging solutions, coupled with the focus on sustainability and environmental responsibility, is driving the growth of this market. As the demand for collation shrink films continues to increase, manufacturers are likely to continue to develop innovative and sustainable solutions to meet the needs of their customers.
Competitive Landscape
The collation shrink films market is fragmented. The top 10 players are accounting for 30%-32% share of the global production. These players are planning to increase their segmental revenue by enhancing production capabilities and acquisitions. The key players have maximum emphasis on the production of cost-effective, clear, and tamper-resistant collation shrink films.
With exponentially increasing demand for extra thin collation shrink films, key players are upgrading their manufacturing facilities with the new technologies.
- In January 2020, Eurofilm Extrusion Limited installed new extrusion line for manufacturing 10-micron thin collation shrink film, which also has less carbon footprint.
- In July 2019, Daibochi Berhad, a subsidiary of Scientex Bhd, acquired Mega Printing & Packaging Sdn Bhd for RM 125 Mn. Through this acquisition, the company was able to introduce its products in the Malaysia market.
Key Players:
- Napco National
- Scientex
- MURAPLAST d.o.o.
- Eurofilms Extrusion Limited
- Bolloré Group
- ITP – Industria Termoplastica Pavese
- SABIC
- Coveris Holdings SA
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
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