Collation Shrink Films Market is Expected to Reach USD 7.045 billion by 2032 at a CAGR of 6.20%

Market Research Future (MRFR) has published a cooked research report on the “Global Collation Shrink Films Market” that contains information from 2018 to 2032. The Collation Shrink Films market is estimated to register a CAGR of 6.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Collation Shrink Films market— Scientex, MURAPLAST d.o.o., ITP - Industria Termoplastica Pavese, SABIC, Coveris Holdings SA, Tilak Polypack Pvt. Ltd, Polystar Plastics Ltd, Polipaks Ltd., Plastotecnica SpA, Silvalac SA.

Market Highlights

The global Collation Shrink Films market is accounted to register a CAGR of 6.20% during the forecast period and is estimated to reach USD 7.045 billion by 2032.

The Collation Shrink Films market has witnessed notable growth, driven by the escalating demand for efficient and sustainable packaging solutions across various industries. The market is characterized by a rising emphasis on product protection during transit, coupled with the need for cost-effective and environmentally friendly packaging alternatives. Collation shrink films, with their ability to provide secure bundling of products and reduce packaging waste, have gained traction among manufacturers seeking to optimize their supply chain processes.

Segment Analysis

The global Collation Shrink Films market has been segmented based on material, applications and end use.

On the basis of material, the market is segmented into LCPE, LLDPE, MDPE, HDPE, PP and Others. The LLDPE segment was attributed to holding the largest market share in 2022, due to its exceptional combination of physical properties.

Based on application, the global Collation Shrink Films market has been segmented into Bottles, Cans, Books & Magazines, Cartons and Others. The bottles segment was expected to hold the largest market share in 2022, due to its widespread use in the beverage industry.

Based on end use, the global Collation Shrink Films market has been segmented into Food & Beverages, Cosmetics, Personal Care & Home Care, Transport & Logistics, Pharmaceuticals, Printing & publications and Others. The food & beverages segment was expected to hold the largest market share in 2022, due to the critical role these films play in preserving, protecting, and enhancing the visual appeal of packaged food and beverage products.

Regional Analysis

The global Collation Shrink Films market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Collation Shrink Films market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Collation Shrink Films market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Collation Shrink Films market comprises of Middle East, Africa, and Latin America.

The largest market share for Collation Shrink Films was maintained by the North American regional sector. This increase is attributed to the expanding retail sector, particularly the increasing demand for secure and visually appealing packaging solutions in various industries. The rising emphasis on sustainable packaging practices and the need for efficient product bundling in industries such as food and beverage, pharmaceuticals, and consumer goods contribute significantly to the market's growth. Additionally, advancements in packaging technology, including innovations in shrink film materials and machinery, further fuel the demand in market.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Collation Shrink Films is driven by the growing awareness of the benefits of collation shrink films and the region's focus on sustainable packaging solutions to meet environmental goals and the increasing demand for efficient and cost-effective packaging in industries such as food and beverages, pharmaceuticals, and consumer goods.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the expanding manufacturing and packaging industries, where the need for efficient bundling and secure packaging solutions for various products has surged. Additionally, the growing awareness and adoption of sustainable and eco-friendly packaging materials further contribute to the market's momentum in response to evolving environmental considerations.

Furthermore, the rest of the world's Collation Shrink Films market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's expanding packaging industry, increased manufacturing activities, and a growing emphasis on sustainable and cost-effective packaging solutions in the region.

Key Findings of the Study

• The global Collation Shrink Films market is expected to reach USD 7.045 billion by 2032, at a CAGR of 6.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing demand for efficient and sustainable packaging solutions in industries such as food and beverage.


• Based on end use, the food & beverages segment was attributed to holding the largest market in 2022, with an approximate market share of 45–55%.


• Scientex, MURAPLAST d.o.o., ITP - Industria Termoplastica Pavese, SABIC, Coveris Holdings SA, Tilak Polypack Pvt. Ltd, Polystar Plastics Ltd, Polipaks Ltd., Plastotecnica SpA, Silvalac SA.

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