Collation Shrink Films Market

2020 Analysis and Review Collation Shrink Films Market by Application - Bottles, Can, Cartons, Book & Magazines etc., for 2020-2030

  • 2020-06-16
  • REP-GB-8549
  • 72 Tables
  • 74 Figures
  • 167 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Collation Shrink Films Market

This study offers a comprehensive, 360 degree analysis on the Collation Shrink Films market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Collation Shrink Films market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Collation Shrink Films Market Outlook

  • Collation shrink films market is projected to reach over US$ 6.4 Bn by 2030 as demand for extra thin films surges
  • The collation shrink films market projected to expand at volume CAGR of 5.6% during the forecast period 2020 - 2030, expanding at 1.8x of current market volume by the end of 2030
  • Food and beverage industries have more demand for collation shrink films to ensure safe transportation of bundles of food container and beverage can
  • North America is estimated to lead in the global market with nearly 25% market share in 2020

Reduction in Weight Prompts Packers to Shift from Cardboard to Collation Shrink Films

Study suggests, that moving from cardboard packaging to collation shrink films can reduce the weight of freight by 70%. An added advantage of reduced weight eventually translates to fuel-efficiency in transportation and shorter time to market. Companies are thus favoring collation shrink films.

This trend can be seen packaging of personal care and beauty products and food and beverages sectors. Furthermore, booming e-commerce will demand durable and efficient packaging that is both protective of products during supply chains and the environment.

The addition of metallocene resins to these films gives them the perfect gloss, making the print stand out. Several packaging companies are using this additive to achieve product differentiation with attractive printing designs too.

Every collation shrink films have gained tremendous popularity for secondary packaging as it can hold multiple cans and bottles together, reducing the overall of weight of packaging that cardboard creates. The increasing need to make packaging, logistics and transportation an efficient system, packers and end users are opting for printed collation shrink films.

Carton Packaging Remains an Evergreen Application for Collation Shrink Films

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.

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.

Post-consumer Recycled Plastic Resin to Define Innovation in Collation Shrink Market

Every plastic packaging company has been struggling to strike a balance between developing superior product and reducing carbon footprint. To reduce this negative impact key players of collation shrink films market are focusing on the use of post-consumer resins (PCR) for production of collation shrink films. 

For instance, PCR resin will offer brands and consumers a greener product that reduces plastic waste and is safer for the environment without compromising the quality.

Low Density Polyethylene-based Collation Shrink Films are Gaining Traction

As per FMI research, polyethylene-based collation shrink films are expected to outbid other segments in the next decade. The low-density polyethylene (LDPE) collation films have more demand among the end users, as these films provide additional strength and durability for the heavier and larger items like multipacks of beverage cans and bottles.

These films give an excellent surface texture for printing and quality graphics. Therefore, low-density polyethylene segment is expected to hold 1/4th of the global collation shrink films market share during the forecast year

The market is expected to observe rise of linear low-density polyethylene segment. It will gain by 50bps of current market share in next decade as extra thin collation shrink films for wrapping and packaging soars.

North America is expected to witness a CAGR of over 4% during the forecast period. As it’s a well-established market, strong competition among manufactures is anticipated.

Stringent regulations in Europe pertaining to plastic use are expected to create stagnancy in the regional market. With the presence of many developed key players in the region, a new player might face challenges while establishing business.

With the expansion of food and beverage and pharmaceutical industries, the demand for collation shrink films is consistently increasing in South Asia and East Asia. This trend is especially prominent in countries such as India and China, which will see a large number players investing in the near future. This will make the region competitive for players with excellent scope for flexible packaging solution providers.

Though many local players are present in the region, availability of resources and low material and labour cost will be added advantages. Furthermore, lucrative growth opportunities for usage of collation shrink films will be created with expanding retail and e-commerce vendors in South Asia and East Asia.

Oceania and MEA are estimated to hold nearly 8% market share in the global collation shrink films market in 2020-2030. The collation shrink market attractiveness is less in these regions which results into sluggish market growth opportunities.

Manufacturers Eye Expansion through Acquisitions and Production Capabilities

The exponentially increasing demand for extra thin collation shrink films has pushed key players to upgrade their manufacturing facilities with the new technologies. For instance, in January 2020, Eurofilm Extrusion Limited has installed new extrusion line for manufacturing 10-micron thin collation shrink film which also has less carbon footprint.

Similarly, in July 2019, Daibochi Berhad, a subsidiary of Scientex Bhd acquired Mega Printing & Packaging Sdn Bhd for US$ 29.2 Mn.

Impact of COVID 2019 pandemic on Collation Shrink Films Market

COVID-19 pandemic has created disruption in all sectors including packaging industries. It has a negative impact on the collation shrink films market too with disrupted supply chain and reduced workforce.

Stay-at-home directives in many countries have resulted in reduced production and restrained demand for wrapping films. The fluctuating economic conditions and exchange rates are also affecting the cost of raw material. Drop in the sales of non-essential commodities has hampered the usage of collation shrink films as transportation and logistics have come to a grinding halt.

Analysts anticipate that the collation shrink films market is expected to recover by Q4 2020 gain with potential CAGR, attributing to increasing hygiene concern for food, beverage and medical products. More than 35% of sales of collation shrink films in 2021 are expected due to increasing demand for food safety.  

Collation Shrink Films: Regional Analysis

India, Thailand, and Indonesia are the key countries for collation shrink films market in South Asia. India is likely to hold the leading position, registering a growth rate of 8.2% during the forecast period of 2020-2030. Increasing demand for 20-50 micron films is expected to drive the nationwide demand. Expanding e-commerce vendors will opt for these films as durability will remain a deciding factor for packaging products for shipping purposes.

The demand for collation shrink films from supermarkets and e retail stores across East Asia market is expected to create significant growth opportunities in the next decade. Pharmaceuticals, food and beverage, and cosmetics will fuel this expansion in the coming decade. China is expected to outbid the U.S. market between the forecast years of 2020-2030.

Europe is expected to expand at a growth rate of 4% during 2020-2030. Although it’s a mature market, the consumption of collation shrink films is anticipated to increase after COVID-19 pandemic as ensuring safety and hygienic transportation of food and pharmaceutical products has become exceptionally important.

Latin America market is anticipated to expand at 40bps of current market share by 2030, characterised by growing sales of linear low density polyethylene collation shrink films.

Collation Shrink Films: Competition Landscape

The collation shrink films market is fragmented. According to Future Market Research, SABIC, Scientex Bhd, Napco National, Coveris Holdings SA, Plastotecnica SpA, Bolloré Group, Silvalac SA, Polipaks Ltd., Eurofilms Extrusion Limited, and MURAPLAST d.o.o. are the top 10 key players and 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 a maximum emphasis on the production of cost-effective, clear, and high tamper-resistant collation shrink films.

Some of the key players in the collation shrink films market are -

  • Napco National
  • Scientex
  • MURAPLAST d.o.o.
  •  Eurofilms Extrusion Limited
  • Bolloré Group 
  • ITP - Industria Termoplastica Pavese 
  • SABIC
  • Coveris Holdings SA
  • Tilak Polypack Pvt. Ltd
  • Polystar Plastics Ltd
  • Polipaks Ltd.
  • Plastotecnica SpA
  • Silvalac SA

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Collation Shrink Films Market Sees a Bright Future as Packaging Materials Remain “Essential”

The growth trend of the collation shrink films market is expected to drop down to 3% to 3.9% yearly growth in 2020 – 2021 due to COVID 2019 pandemic. However, it is estimated to reach peak Y-o-Y of 6.6% after 2025.

Significant revenue-generating opportunities for the market growth are expected against the backdrop of an increasing number of cosmetics, pharmaceuticals, and transport & logistics industries attributing to firm packaging material requirement. Furthermore, owing to good printing surface quality of collation shrink films, it is used as an effective marketing tool in the printing and publication industries.

In the recent past, with the increasing awareness about plastic use and its environmental impact, consumers were switching to alternate packaging solutions. But, using advanced technology, key players are manufacturing collation shrink films with the recyclable polymers having negligible carbon footprints. Therefore, the collation shrink films market is expected to expand with prominent CAGR in the next decade.

Global Collation Shrink Films Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030

A recent market report published by FMI on the collation shrink films market provides global industry analysis for 2015-2019 & forecast for 2020-2030. The report offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the collation shrink films market, the growth prospects of the market are obtained with maximum precision.

Market Taxonomy

The global collation shrink films market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Thickness

  • Less than 25 micron
  • 25-50 micron
  • 51-100 micron
  • Above 100 micron

By Material

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

By Application

  • Bottles
  • Cans
  • Book & Magazines
  • Cartons
  • Others

By End Use

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

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Report Chapters

Chapter 01 – Executive Summary

The report begins with the executive summary of the collation shrink films market, which includes a summary of the key findings and statistics of the market. It also includes dominant segments in the global collation shrink films market, along with key facts about collation shrink films. It also includes graphical representation of the segments according to market size and growth rate.

Chapter 02 – Market Overview

Readers can find detailed taxonomy and definition of the collation shrink films market in this chapter, which will help them understand the basic information about collation shrink films present in the market. This section also highlights the inclusions and exclusions, which help readers to understand the scope of the collation shrink films market report.

Chapter 03 – Market Background

This chapter explains the key forecast factors that are expected to influence the growth of the collation shrink films market over the forecast period. This chapter also highlights analysis of parent markets along with the key market dynamics of the collation shrink films market, which include the drivers, restraints, opportunities and trends. Furthermore, this chapter includes value chain analysis which helps to analyze flow of the product from raw material supplier to end users. The macro economic factors and forecast factors provide impact of several attributes on the global collation shrink films market.

Chapter 04 – Impact of COVID 2019

Readers can find impact of COVID-19 pandemic on packaging industry as well as other key markets. The impact of COVID 2019 is described with before COVID-19 situation, pessimistic scenario and optimistic scenario.

Chapter 05 - Global Collation Shrink Films Market Demand Analysis 2015-2019 and Forecast, 2020-2030

This section explains the global market volume (Tonnes) analysis and forecast for the Collation Shrink Films market between the forecast period of 2020-2030. It includes the detailed analysis of the historical collation shrink films market, along with an opportunity analysis for the future. This section explains the global market value (US$ Mn) analysis and forecast for the collation shrink films market. Readers can also find the Y-o-Y growth opportunity for the forecast period (2019 – 2029). Additionally, pricing analysis by thickness is provided in this chapter.

Chapter 06 – Global Collation Shrink Films Market Analysis by Material

As per material, the global collation shrink films market analysis is segmented as low density polyethylene, linear low density polyethylene, medium density polyethylene, high density polyethylene, polypropylene, and other. The graphical representation includes market share analysis, incremental opportunity analysis and market attractiveness analysis.

Chapter 07 – Global Collation Shrink Films Market Analysis by Thickness

Readers can find global collation shrink films market analysis based on thickness in this chapter. This chapter is segmented as less than 25 micron, 25-50 micron, 51-100 micron, and above 100 micron thickness. This chapter includes the value (US$ Mn) and volume (tonnes) analysis for historic 2015-2019 and forecast period 2020-2030.

Chapter 08 – Global Collation Shrink Films Market Analysis by Application

Based on application, the global collation shrink films market is segmented as bottles, cans, books & magazines, cartons, and others. This chapter highlights market value share analysis, incremental opportunity analysis and market attractiveness analysis as per the considered sub-segments.

Chapter 09 – Global Collation Shrink Films Market Analysis by End Use

This section provides demand for collation shrink films in end use industries which includes food and beverage, cosmetics, personal care and home care, pharmaceuticals, transportation and logistics, printing and publications, and others.

Chapter 10 – Global Collation Shrink Films Market Analysis by Region

This chapter explains how the Collation Shrink Films market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).

Chapter 11 – North America Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

This chapter includes a detailed analysis of growth of the North American collation shrink films market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of collation shrink films.

Chapter 12 – Latin America Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

Readers can find detailed information about the regional trends, which are impacting the growth of the Latin America collation shrink films market. This chapter also includes the growth prospects of the collation shrink films market in leading countries in Latin America such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Chapter 13 – Europe Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

Important growth prospects of the collation shrink films market based on the material, thickness, and end use in several countries such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe, are included in this chapter.

Chapter 14 – Middle East and Africa Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

This chapter provides information about how the collation shrink films market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the Rest of MEA during the forecast period 2020 - 2030.

Chapter 15 – East Asia Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

This chapter highlights the growth of the collation shrink films market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the collation shrink films market in East Asia.

Chapter 16 – South Asia Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia collation shrink films market in this chapter. Readers can find detailed information about the growth parameters of the South Asia collation shrink films market during the forecast period of 2020-2030.

Chapter 17 – Oceania Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania collation shrink films market.

Chapter 18 – Country-wise Collation Shrink Films Market Analysis 2015-2019 and Forecast 2020-2030

This chapter highlights collation shrink films analysis as per the key countries which includes, the U.S., Canada, Brazil, Mexico, Argentina, Germany, the U.K. France, Spain, Italy, BENELUX, Russia, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC countries, Northern Africa, South Africa and Turkey.

Chapter 19 – Market Structure Analysis

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the collation shrink films market along with competitive dashboard.

Chapter 20 – Competition Analysis

In this chapter, readers will find key players market presence analysis by region. Furthermore, this section includes a comprehensive list of all leading manufacturers in the collation shrink films market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Scientex, Napco National, MURAPLAST d.o.o., Polystar Plastics Ltd, Polipaks Ltd., Tilak Polypack Pvt. Ltd, Plastotecnica SpA, Eurofilms Extrusion Limited, Advanced Flexible Packaging Co., Coveries Holdings SA, Silvalac SA, Folplast, Bolloré Group, ITP - Industria Termoplastica Pavese, SABIC, and many others

Chapter 21 – Assumptions and Acronyms Used

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the collation shrink films report.

Chapter 22 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the collation shrink films market.

Sources and Primary Research Splits (%)

Primary Research

Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Key Segments in the collation shrink films Market
  • Market Share Analysis
  • Average Selling Price (US$) and Market Growth
  • Key Regulations in Packaging Industry
  • Market Size
  • Key Trends & Developments
  • Competition & Key Vendor Strategies

Secondary Research

  • Industry Journals
  • Pharmaceutical Packaging Industry Growth
  • Regional Health Supplement Consumption
  • Annual Reports/SEC Filings/Investor Presentations

COVID -19 : Impact Analysis

Request the coronavirus impact analysis across industries and markets

Request Covid -19 Impact

Get in touch

Harish Tiwari

Global Head - Business Development

Akshay Godge

Client Partner - Global Business Development

Our Clients


CASE STUDIES

See how our work makes an impact.

At FMI, we design strategies that are adaptive, impactful, and implementable.

Request Sample Ask An Analyst Request Special Price Request Methodology