The United States & Canada collation shrink films market size reached USD 1,014.8 million in 2023. From 2023 to 2030, collation shrinks film demand in the United States & Canada markets is likely to surge at 5.2% CAGR. By 2030, the total market valuation is projected to reach USD 1,451.1 million.
Sales of collation shrink films across the United States and Canada are anticipated to remain positive with the top 5 companies likely to hold around 50% to 55% of the market.
The United States & Canada collation shrink films industry is anticipated to expand 1.7 times the current market value during the forecast period. As per the latest report, the United States & Canada collation shrink film sales will generate an attractive incremental growth opportunity of USD 467.0 million by 2030.
Food & beverage is the leading end user of collation shrink films. The target segment held around 25% market share in 2023. This is due to rising applications of collation shrink packaging in the food and beverages sector.
Key Factors Shaping the Market:
The thin and lightweight packaging solutions that are applied loosely around products and shrink tightly with heat are known as collation shrink films. These films bundle together products such as food cans, beverage bottles, etc.
Collation films offer various benefits. This includes optimal shelf life for a variety of food products, reduced leakage when packaging hard or sharp-edged products, and high impact and puncture resistance.
They also provide excellent product presentation, package integrity retention, and strength retention at freezing temperatures. Thanks to these benefits, these films find application in a wide range of industries.
Growing adoption across industries such as food & beverage and pharmaceutical is expected to bolster collation and shrink film sales across the United States and Canada.
The rising usage of collation shrinks films as an effective marketing tool due to their good printing surface quality will elevate demand.
Leading manufacturers of collation shrink films are concentrating on using recyclable materials having minimal carbon footprint for producing collation shrink packaging. This will support the expansion of the market.
| Attributes | Key Insights |
|---|---|
| The United States & Canada Shrink Films Market Size in 2023 | USD 1,014.8 million |
| Projected United States & Canada Collation Shrink Films Market Value (2030) | USD 1,451.1 million |
| Value-based CAGR (2023 to 2030) | 5.2% |
| Collective Value Share: Top 5 Companies (2022A) | 50 to 55% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The United States & Canada collation shrink films market witnessed a CAGR of 2.7% during the historic period from 2015 to 2022. Total market valuation at the end of 2022 reached USD 984.1 million.
For the projection period (2023 to 2030), Future Market Insights (FMI) predicts collation shrink film demand in the United States & Canada market to rise at 5.2% CAGR.
Collation shrink films are becoming a preferred flexible packaging solution. This is because they are very thin, heat-treated, and stretched-out plastic films which snuggly and tightly wrap products to maximize the protection of goods and prevent slippage.
Several end users such as food & beverage, pharmaceuticals, and cosmetics industries are considering collation shrink films as a first choice for secondary packaging. This is because such type of packaging results in a clear, lightweight, and durable barrier of protection around the product.
These films are used by placing them on products or pallets and applying heat of around 150° C to them, preferably with a heat gun. This causes them to shrink and conform to the shape of the product. This allows for packaging with a stiff and tight holding force that does not take up any space for storage.
Collation shrink films are naturally transparent which offers clear visibility of the packed goods. They can also be printed to facilitate branding or advertising.
The availability of collation shrink films in several thicknesses as well as lengths and breadth provides the benefit of increased utility as they can be used for packaging items of widely different sizes and shapes.
Increasing Demand from Logistics and Booming E-commerce Business Fueling Sales
Globalization led to a sharp increase in imports and exports across the continents. This paved the way for vast delivery chains and thus increased the demand for logistics.
Manufacturing businesses and suppliers are making use of flexible packaging to enhance the packaging systems for efficient and smooth delivery, avoiding any potential damages from mishaps. This is positively impacting collation shrink film sales.
The economical, lightweight, and tamper-proof features of collation shrink films are making the ideal packaging products in the transport industry across the United States and Canada.
Further, the dawn of the e-commerce business has led to the growth of the plastic packaging industry by leaps and bounds. This is attributed to the fact that single-use, light-in-weight packaging is one of the most feasible ways for facilitating delivery to the end users.
Leading e-commerce players are preferring to use shrink-wrap films & hoods owing to their various benefits. This in turn will continue to create opportunities for collation shrink film manufacturers.
Ability to Extend the Shelf Life of Processed Food to Elevate Collation Shrink Film Demand
Food products are vulnerable to degradation and molding, rendering them unfit to consume when exposed to undesired biological, atmospheric, and chemical factors. As a result, processed food manufacturers are actively seeking solutions to protect food quality for longer periods.
Collation shrink films with exceptional barrier performance are favored for superior packaging solutions which aid in the extended shelf life of food products and preserve their quality.
The United States & Canada collation shrink film market is witnessing innovations owing to continuous product developments in the materials, design, and chemical properties of packaging material.
The physical and functional attributes of collation shrink films are resultant features of the capabilities of materials used in the production of collation shrink films.
Principal Consultant
| Country | United States |
|---|---|
| Market Share (2023) | 69.4% |
| Market Share (2030) | 66.6% |
| BPS Analysis | -280 |
| Country | Canada |
|---|---|
| Market Share (2023) | 30.6% |
| Market Share (2030) | 33.4% |
| BPS Analysis | 280 |
Booming Food & Beverages Industry Driving Collation Shrink Film Demand in Canada
Canada collation shrink films market value reached USD 293.8 million in 2022. Over the next ten years, demand for collation shrink films across Canada is expected to increase at a steady pace. This is due to the rising usage of these films across the thriving food & beverages industry.
According to Agriculture and Agri-Food Canada (AAFC), the food and beverage processing sector in Canada is the second leading manufacturing industry. It exports processed food & beverage products to 192 countries, of which the United States is the leading importer.
The products manufactured by the food and beverage industry are generally packed in either bottles, cans, or cartons. These packages require optimum protection while transporting and storing as they can go bad fairly quickly. Even a slight blow could prove harmful to the food item and may cause the package to leak.
To prevent such mishaps, collation shrink films are used to deliver food products safely over wide distances. These films ensure a high level of protection and do not consume any space.
The rapid expansion of the food & beverage industry in Canada along with the increasing export of processed food and beverages products will therefore continue to fuel collation shrink film demand.
High Requirement of Collation Shrink Films in the United States Pharmaceutical Sector Boosting Sales
The United States is expected to remain at the epicenter of North America's collation shrink films market during the assessment period. It is estimated to account for more than 1/3rd of the market value share in 2030.
The increasing need for protective packaging across the booming pharmaceutical sector is a prominent factor driving the United States collation shrink films industry.
The United States accounts for around 45% of the global pharmaceutical market which makes use of collation shrinks films as a protective measure for packaging bottles of syrups, pills, tablets, etc.
Further, changing lifestyles and readily available food and retail outlets are boosting the food and beverages sector in the country. This in turn will further trigger collation shrink film sales in the country.
Manufacturers Prefer Low-Density Polyethylene for Making Collation Shrink Films
According to Future Market Insights, low-density polyethylene (LDPE) is likely to remain the most preferred material for making collation shrink films. This is due to the various advantages of low-density polyethylene.
Low-density polyethylene offers benefits such as high chemical resistance, flexibility, impact resistance, moisture resistance, etc. as a result, it has become an ideal material for making collation shrink films across the United States and Canada.
The rising popularity of LDPE collation shrink films across the United States and Canada will play a key role in boosting the market.
The low-density polyethylene segment is anticipated to expand by more than 1.6x of the current market value by the end of 2030. Together, low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) segments are expected to hold more than half of the market share during the forecast period.
Bottles to Remain the Most Profitable Application of Collation Shrink Films
As per Future Market Insights, the bottles segment is expected to remain the most lucrative application in the United States & Canada markets. This is due to the rising usage of collation shrink films for packing a wide variety of bottles.
Being the prevalent consumer of bottled water globally, the United States is becoming a lucrative market for collation shrink films. This is because these films are being widely used as protective packaging for bottled water.
Shrink wrap bundling films allow food & beverage companies to easily pack, transport, and protect various products. These films also reduce overall transportation costs.
Rising consumption of beverages and liquid supplements in both the United States & Canada is expected to boost sales of collation shrink films during the assessment period. The sales of the collation shrink films used for packaging bottles alone are expected to reach over USD 536.9 million by 2030.
Collation shrink films are mostly preferred for bulk packaging of water, sauce, and several bottles used for packaging medicines. Therefore, this segment holds a prominent share of the United States & Canada markets.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Key collation shrinks film manufacturers operating in the United States & Canada markets are focusing on increasing their revenues by expanding their presence and enhancing production capabilities.
Companies are also adopting merger & acquisition strategies and developing new products to meet customer needs. Recent developments:
| Attribute | Details |
|---|---|
| Market Value in 2023 | USD 1,014.8 million |
| Projected Market Valuation (2030) | USD 1,451.1 million |
| Growth Rate | 5.2% |
| Historical Data | 2015 to 2022 |
| Forecast Period | 2023 to 2030 |
| Quantitative Units | Revenue in USD million, Revenue in USD million, Volume in Tonnes, and CAGR from 2023 to 2030 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segment Covered | Material, Thickness, Application, End Use, Country |
| Key Countries Profiled | The United States, Canada |
| Key Companies Profiled | ITP - Industria Termoplastica Pavese; Armando Alvarez Group; Macchi North America Plastic Machinery Inc.; Accredo Packaging, Inc.; Transcontinental Packaging; Dow Inc.; Berry Global Inc.; Pyramid Shrink Film; Plastixx FFS Technologies; Sealed Air Corporation; NOVA Chemicals Corporate; Packman Packaging Pvt. Ltd.; Impackt Packaging Solutions; Brentwood Plastics, Inc.; Intertape Polymer Group; Clysar, LLC; iSell Packaging; Bonset America Corporation; International Plastics Inc. |
The United States & Canada collation shrink films market size is estimated to reach USD 1,014.8 million in 2023.
The United States & Canada collation shrink films industry is projected to reach USD 1,451.1 million by the end of 2030.
Collation shrink film demand in the United States & Canada market is projected to surge at 5.2% CAGR from 2023 to 2030.
The low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) material segments will garner significant value share by 2030.
The 50 to 100 microns segment is predicted to expand rapidly between 2023 and 2030.
Explore Packaging Insights
View Reports
United States & Canada Collation Shrink Films Market
