The global collation shrink films market is on a trajectory of substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.9% between 2022 and 2030, ultimately reaching a valuation of US$ 6.5 billion by the year 2030. Notably, the market is expected to witness a peak Year-on-Year (Y-o-Y) growth rate of 6.6% post-2025.

This robust growth is underpinned by significant revenue-generating opportunities, primarily driven by the increasing demand from industries such as cosmetics, pharmaceuticals, and transport and logistics. These sectors require robust packaging materials, thus contributing to the firm demand for collation shrink films.

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Industry Growth Drivers:

1. E-commerce Packaging Surge:

• The booming growth of e-commerce is a significant driver for the collation shrink films market, as these films are widely used for bundling and securing products in online retail packaging.

1. Advancements in Film Technology:

• Ongoing innovations in collation shrink film technology, including improved strength, transparency, and sealing properties, are driving market growth by offering enhanced performance and versatility.

1. Sustainability Initiatives:

• The increasing focus on sustainable packaging solutions is propelling the collation shrink films market. Films with eco-friendly materials and those designed for recyclability are gaining traction.

1. Expanding Retail Sector:

• The growth of the retail sector, especially in developing regions, is contributing to the increased demand for collation shrink films. These films are essential for bundling products for efficient display and transportation.

1. Rising Demand in the Food and Beverage Industry:

• The food and beverage industry’s continuous expansion is a major growth driver for collation shrink films. These films provide a secure and visually appealing packaging solution for various products in this industry.

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Key Takeaways of Collation Shrink Films Industry Study

• As per thickness, 25–50 micron collation shrink films are expected to holds 1/3rd of the industry 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 industry value during 2020–2030

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Key Segments Covered in Collation Shrink Films Industry Research

By Thickness:

• Less than 25 Micron
• 25–50 Micron
• 51–100 Micron
• Above 100 Micron

By Material:

• Low Density Polyethylene (LDPE)
• Linear Low Density Polyethylene (LLDPE)
• Medium Density Polyethylene (MDPE)
• High Density Polyethylene (HDPE)
• Polypropylene (PP)
• Others

By Application:

• Bottles
• Cans
• Books & Magazines
• Cartons
• Others

By End-use:

• Food & Beverages
• Cosmetics
• Personal Care & Home Care
• Transport & Logistics
• Pharmaceuticals
• Printing & Publications
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa (MEA)