Collation shrink films are basically applied loosely around items and then shrink tightly with heat. They bundle together objects, including beverage bottles, food cans, health & beauty products, and household items. Collation Shrink is known to be a versatile means of packaging and can be used in different forms such as transparent or colored, with or without printing, and with different film thicknesses ranging from 20 to 150 - m. Premium collation shrink films mainly offer remarkable shelf appeal. Collation shrink films further offer efficient and cost-competitive packing for various end-use industries.
MARKET DYNAMICS
The collation shrink films market has witnessed a significant growth owing to factors such as wider application for bottles, cans, books & magazines, cartons, and others to be used in various end-use industries including food & beverage, cosmetics & personal care, pharmaceuticals, transport & logistics, printing & publishing, and others. Food and beverage industries have much demand for collation shrink films to ensure the safe transportation of bundles of food container and beverage canes. In addition to that, booming e-commerce is creating demand for durable and efficient packaging that is both protective of products during supply chains and also for the environment. Every collation shrink films gained tremendous popularity for secondary packaging since it can hold multiple cans and bottles together by reducing the overall weight of packaging that cardboard creates. The growing need to make packaging, logistics, and transportation an efficient system, packers & movers, and end-users are opting for printed collation shrink films. However, the fluctuating economic conditions, along with exchange rates, are affecting the cost of raw material, which is affecting the market growth. Additionally, a drop in the sales of non-essential commodities has further hampered the usage of collation shrink films as transportation and logistics have come to a grinding halt. Nevertheless, 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.
MARKET SCOPE
The "Global Collation Shrink Films market Analysis to 2028"? is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the collation shrink films market with detailed market segmentation by material, thickness, application, end-use industry, and geography. The global collation shrink films market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading collation shrink films market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global collation shrink films market is segmented on the basis of material, thickness, application, and end-use industry. On the basis of material, the collation shrink films market is segmented into low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), medium-density polyethylene (MDPE), high-density polyethylene (HDPE), propylene (PP), and others. Based on thickness, the collation shrink films market is segmented into below 25 microns, 25-50 microns, 50-100 microns, and above 100 microns. The collation shrink films market on the basis of the application is classified into bottles, cans, books & magazines, cartons, and others. On the basis of end-use industry, global collation shrink films market is bifurcated into food & beverage, cosmetics & personal care, pharmaceuticals, transport & logistics, printing & publishing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global collation shrink films market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The collation shrink films market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the collation shrink films market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the collation shrink films market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global collation shrink films market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from collation shrink films market are anticipated to lucrative growth opportunities in the future with the rising demand for collation shrink films in the global market. Below mentioned is the list of few companies engaged in the collation shrink films market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the collation shrink films market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Eurofilms Extrusion Limited
- Bolloré Group
- Coveris Holdings SA
- ITP - Industria Termoplastica Pavese
- MURAPLAST d.o.o.
- Napco National
- Polystar Plastics Ltd
- SABIC
- Scientex
- Tilak Polypack Pvt. Ltd
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