The collation shrink films market will likely grow significantly over the next few years as practical, safe, and affordable packaging options become increasingly in demand. Between 2022 and 2030, the market for collation shrink films is anticipated to develop at a CAGR of 5.9%, reaching US$ 6.5 billion.
Also, as more people become aware of the advantages of utilising eco-friendly packaging, there is an increasing need for biodegradable collation shrink films. It is anticipated that the principal end-user of collation shrink films will be the food and beverage industry due to the rising demand for fresh and packaged food goods.
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A common type of packaging material used in the food and beverage, personal care, pharmaceutical, and other sectors is collation shrink film. With the help of these polyethylene or polypropylene sheets, multiple items can be combined into a single package. They offer various benefits like damage avoidance, improved product visibility, cheaper storage and transit costs, and are an economical, efficient, and effective packaging choice.
The market for collation shrink films is also growing as a result of technological advancements and the introduction of novel, cutting-edge goods. The discovery of novel materials and the use of cutting-edge production techniques have led to the development of better, resilient, and flexible collation shrink films. For instance, the shelf life of packaged foods has been increased because to the invention of multi-layer films having barrier properties.
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However, the growth of the collation shrink films market is hindered by certain factors such as the high cost of raw materials and the fluctuation in the prices of petroleum-based products. Additionally, the stringent regulations related to the use of plastic packaging materials are also affecting the growth of the market.
In conclusion, the collation shrink films market is expected to grow significantly in the coming years, driven by the increasing demand for convenient, safe, and cost-effective packaging solutions. The growing awareness about eco-friendly packaging and the advancements in technology are expected to further boost the growth of the market.
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?
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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
- Printing & Publications
- Others
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