Research Reports
Collation Shrink Films Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
Published by mark itwired
Posted on September 24, 2021
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Published by mark itwired
Posted on September 24, 2021
The thriving e-commerce industry is expected to be the key driver for collation shrink films. Demand for high performance packaging solution and reduce transportation cost is expected to make collation shrink film an important packaging material for personal care products, food and beverages, cosmetics, and pharmaceuticals.
Future Market Insights predicts that e-commerce businesses will opt for collation shrink films as they are easy way to ensure that the product is not tampered with. Furthermore, products sensitive to moisture can stay safe in this type of packaging, thus making it a perfect choice for deliveries.
In the coming years, shifting focus on usage of recyclable materials and production of five-layer collation films is expected to create multiple growth opportunities for collations shrink films market during 2020-2030.
“Most of the key players are continuously focusing on the development of extra thin collation shrink films, which will offer maximum impact protection to the stored products during transportation. Companies are coming up with the new technologies that will manufacture nearly 10-micron thin collation shrink films, which are stiff and provide a firm grip to the package,” says an FMI analyst.
Manufacturers in collation shrink films are focussing on optimizing the quality by enhancing its multi-layer packaging film concept with five or more layers. These multi-layer collation shrink films are relatively stiff and enable extra thin gauges resulting in low wastage and overall cost.
Five-layer collation shrink films offer the advantage of holding force and stiffness over three-layer films, which are often a bottleneck to downgauging in secondary packaging application.
Recently Saudi Arabia-based Sabic Company introduced a multi-layer film solution for beverage collation. The SABIC multi-layer collation shrink films concept is expected to reduce downgauging and production at approximately 10,000 kg/hr. Its Teesside, UK-based plant, is manufacturing such collation shrink films to cater to the demand of efficiency on all fronts.
COVID-19 pandemic has created multiple challenges for the packaging industry and reiterated its need to design sustainable solutions to reduce the pressure on landfills. Multiple restrictions of supply chain and logistical hurdles due to lockdown have slowed down the packaging industry, creating a negative impact on the collation shrink films market.
Future Market Insights predicts that collation shrink market will begin recovery in Q4 2020, starting with South and East Asia as they will still have a stronghold over manufacturing activities. China and India started production of collation shrink films with limited resources. Also various key players are planning to invest in developing manufacturing units in these regions, therefore it is expected that by the end of 2021, the demand and supply equilibrium of collation shrink films will be achieved.
Future Market Insights, in its new report, offers an unbiased analysis of the global collation shrink films market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The collation shrink films market is segmented into material (low density polypropylene (LDPE), linear low density polypropylene (LLDPE), medium density polypropylene (LDPE), high density polypropylene (LDPE), polypropylene, and others), thickness (less than 25 micron, 25-50 micron, 51-100 micron, and above 100 micron), application (bottles, cans, books and magazines, cartons, and others), end use (food and beverage, cosmetics, personal care & home care, pharmaceuticals, transportation and logistics, printing and publication, and others), across seven regions.
1. Executive Summary
1.1. Global Market Overview
1.2. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Market Taxonomy
3. Market Background
3.1. Macroeconomic Indicators & Correlation Analysis
3.2. Forecast Factors
3.3. Value Chain Analysis
3.3.1. Key Participants
3.3.1.1. Raw Material Suppliers
3.3.1.2. Collation Shrink Films Manufacturers
3.3.1.3. End Users
3.3.2. Profitability Margin
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.4.4. Trends
The post Collation Shrink Films Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI first appeared on Market Research Blog.
The thriving e-commerce industry is expected to be the key driver for collation shrink films. Demand for high performance packaging solution and reduce transportation cost is expected to make collation shrink film an important packaging material for personal care products, food and beverages, cosmetics, and pharmaceuticals.
Future Market Insights predicts that e-commerce businesses will opt for collation shrink films as they are easy way to ensure that the product is not tampered with. Furthermore, products sensitive to moisture can stay safe in this type of packaging, thus making it a perfect choice for deliveries.
In the coming years, shifting focus on usage of recyclable materials and production of five-layer collation films is expected to create multiple growth opportunities for collations shrink films market during 2020-2030.
“Most of the key players are continuously focusing on the development of extra thin collation shrink films, which will offer maximum impact protection to the stored products during transportation. Companies are coming up with the new technologies that will manufacture nearly 10-micron thin collation shrink films, which are stiff and provide a firm grip to the package,” says an FMI analyst.
Manufacturers in collation shrink films are focussing on optimizing the quality by enhancing its multi-layer packaging film concept with five or more layers. These multi-layer collation shrink films are relatively stiff and enable extra thin gauges resulting in low wastage and overall cost.
Five-layer collation shrink films offer the advantage of holding force and stiffness over three-layer films, which are often a bottleneck to downgauging in secondary packaging application.
Recently Saudi Arabia-based Sabic Company introduced a multi-layer film solution for beverage collation. The SABIC multi-layer collation shrink films concept is expected to reduce downgauging and production at approximately 10,000 kg/hr. Its Teesside, UK-based plant, is manufacturing such collation shrink films to cater to the demand of efficiency on all fronts.
COVID-19 pandemic has created multiple challenges for the packaging industry and reiterated its need to design sustainable solutions to reduce the pressure on landfills. Multiple restrictions of supply chain and logistical hurdles due to lockdown have slowed down the packaging industry, creating a negative impact on the collation shrink films market.
Future Market Insights predicts that collation shrink market will begin recovery in Q4 2020, starting with South and East Asia as they will still have a stronghold over manufacturing activities. China and India started production of collation shrink films with limited resources. Also various key players are planning to invest in developing manufacturing units in these regions, therefore it is expected that by the end of 2021, the demand and supply equilibrium of collation shrink films will be achieved.
Future Market Insights, in its new report, offers an unbiased analysis of the global collation shrink films market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The collation shrink films market is segmented into material (low density polypropylene (LDPE), linear low density polypropylene (LLDPE), medium density polypropylene (LDPE), high density polypropylene (LDPE), polypropylene, and others), thickness (less than 25 micron, 25-50 micron, 51-100 micron, and above 100 micron), application (bottles, cans, books and magazines, cartons, and others), end use (food and beverage, cosmetics, personal care & home care, pharmaceuticals, transportation and logistics, printing and publication, and others), across seven regions.
1. Executive Summary
1.1. Global Market Overview
1.2. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Market Taxonomy
3. Market Background
3.1. Macroeconomic Indicators & Correlation Analysis
3.2. Forecast Factors
3.3. Value Chain Analysis
3.3.1. Key Participants
3.3.1.1. Raw Material Suppliers
3.3.1.2. Collation Shrink Films Manufacturers
3.3.1.3. End Users
3.3.2. Profitability Margin
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.4.4. Trends
The post Collation Shrink Films Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI first appeared on Market Research Blog.