USA and Canada Collation Shrink Films Market Growth, Size, Trends, Revenue and Future Outlook
USA and Canada Collation Shrink Films Market Size- By Material, By Thickness, By Application, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: CHEM23107 | Pages: 1 - 108 | Formats*: |
| Category : Chemical & Materials | |||
USA and Canada Collation Shrink Films Market Introduction and Overview
According to SPER Market Research, the USA and Canada Collation Shrink Films Market is estimated to reach USD 1.70 billion by 2033 with a CAGR of 5.44%.
The report includes an in-depth analysis of the USA and Canada Collation Shrink Films Market, including market size and trends, product mix, distribution channels, and supplier analysis. Collation shrink films are the thin, light packing materials that are wrapped freely over items and contract securely when heated. Food cans, drink bottles, and other things are bundled together in these films. Additionally, they offer superior product presentation, maintain package integrity, and maintain strength in subfreezing temperatures. These advantages enable a wide range of sectors to use these films. Collation films have a number of advantages. This features strong impact and puncture resistance, little leakage when packing hard or sharp-edged products, and the ideal shelf life for a range of food products.
- NOVA Chemicals Corporation introduced a polyethylene resin that is 100% post-consumer recycled (PCR) in October of 2022. Shrink films, laminating films, heavy-duty pouches, and other ecologically friendly collation shrink film solutions can be made with this material. Amcor will increase its footprint in Europe by establishing a large flexible packaging plant in the Czech Republic in August 2022.
Market Opportunities and Challenges
Canada and the USA The market for collation shrink films has a range of opportunities as well as difficulties. Products produced by the food and beverage industry are usually packed in bottles, cans, or cartons. Because these items might spoil easily, they need to be transported and stored with the highest level of protection. A minor impact could potentially damage the food item and result in a leakage from the box. To prevent these kinds of mishaps, food supplies are transported safely over great distances using collagen shrink sheets. Therefore, the rapid expansion of the food and beverage industry in Canada and the increasing export of processed food and beverage items will continue to fuel the demand for collation shrink film.
However, The collation shrink films market in the United States and Canada is facing a slew of difficulties that will need strategic adaption for long-term growth. Stringent regulatory compliance in both nations, particularly with regard to packaging materials, necessitates ongoing awareness and modifications to meet changing standards. Raw material price fluctuations, particularly for polyethylene, a commonly used ingredient in shrink films, create financial uncertainty for manufacturers. Furthermore, the increased emphasis on environmental sustainability necessitates the development of eco-friendly alternatives that do not compromise performance. To match customer wants and stay ahead of competitors, the market requires ongoing innovation and difference. Technological advancements and the introduction of smart packaging features complicate production operations even further.
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Market Competitive Landscape
The USA and Canada Collation Shrink Films market is extremely consolidated. Accredo Packaging Inc, Armando Alvarez Group, Pyramid Shrink Film, Sealed Air Corporation, and Transcontinental Packaging, Berry Global Inc, Dow Inc, Impact Packaging Solutions, ITP, Macchi North America Plastic Machinery Inc, NOVA Chemicals Corporate, Packman Packaging Pvt. Ltd., Plastixx FFS Technologies, These are the key players for Collation Shrink Films Market in USA and Canada.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material, By Thickness, By Application, By End Use |
| Regions covered | United States, Canada |
| Companies Covered | Accredo Packaging Inc, Armando Alvarez Group, Berry Global Inc, Dow Inc, Impact Packaging Solutions, ITP, Macchi North America Plastic Machinery Inc, NOVA Chemicals Corporate, Packman Packaging Pvt. Ltd., Plastixx FFS Technologies, Pyramid Shrink Film, Sealed Air Corporation, and Transcontinental Packaging |
COVID-19 Impact on USA and Canada Collation Shrink Films Market
The COVID-19 epidemic presented significant hurdles for the collation shrink film business in the United States and Canada. The manufacturing of collation shrink films may have been delayed or faced shortages as a result of supply chain disruptions that affected raw material availability and created logistical challenges. The market for these movies was erratic, with some industries—like the food and beverage sector—seeing a boom while non-essential retail saw a fall. The market for collation shrink films was further challenged by the lockdowns' rapid expansion of e-commerce, which increased the demand for packaging supplies.
Key Target Audience
- Manufacturers and Distributors
- Food and Beverage Industry
- Retailers
- Pharmaceutical Companies
- Logistics and Warehousing:
- Automotive Industry
- Electronics Industry
Our in-depth analysis of the USA and Canada Collation Shrink Films Market includes the following segments:
| By Material: | |
| By Thickness: | |
| By Application: | |
| By End Use: | |
| By Region: |
Key Topics Covered in the Report
- USA and Canada Collation Shrink Films Market Size (FY’2023-FY’2033)
- Overview of USA and Canada Collation Shrink Films Market
- Segmentation of USA and Canada Collation Shrink Films Market By Material (Low-Density Polyethylens, Linear Low-Density Polyethylene, Medium Density Polyethylene, High-Density Polyethylene, Polypropylene, Others)
- Segmentation of USA and Canada Collation Shrink Films Market By Thickness (Less than 25 microns, 25 to 50 microns, 51 to 100 microns, Above 100 microns)
- Segmentation of USA and Canada Collation Shrink Films Market By Application (Bottles, Cans, Books & Magazine, Cartons, Others)
- Segmentation of USA and Canada Collation Shrink Films Market By End Use (Food & Beverage, Cosmetic, Personal care & home, Pharmaceuticals, Transport & Logistics, Printing & Publications, Others)
- Statistical Snap of USA and Canada Collation Shrink Films Market
- Expansion Analysis of USA and Canada Collation Shrink Films Market
- Problems and Obstacles in USA and Canada Collation Shrink Films Market
- Competitive Landscape in the USA and Canada Collation Shrink Films Market
- Impact of COVID-19 and Demonetization on USA and Canada Collation Shrink Films Market
- Details on Current Investment in USA and Canada Collation Shrink Films Market
- Competitive Analysis of USA and Canada Collation Shrink Films Market
- Prominent Players in the USA and Canada Collation Shrink Films Market
- SWOT Analysis of USA and Canada Collation Shrink Films Market
- USA and Canada Collation Shrink Films Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the USA and Canada Collation Shrink Films Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. USA and Canada Collation Shrink Films Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA and Canada Collation Shrink Films Market
7. USA and Canada Collation Shrink Films Market, By Material (USD Million)
7.1. USA and Canada Collation Shrink Films Market Value Share and Forecast, By Material, 2023-20337.2. Low-Density Polyethylene7.3. Linear Low-Density Polyethylene7.4. Medium Density Polyethylene7.5. High-Density Polyethylene7.6. Polypropylene7.7. Others
8. USA and Canada Collation Shrink Films Market, By Thickness (USD Million)
8.1. USA and Canada Collation Shrink Films Market Value Share and Forecast, By Thickness, 2023-20338.2. Less than 25 microns8.3. 25 to 50 microns8.4. 51 to 100 microns8.5. Above 100 microns
9. USA and Canada Collation Shrink Films Market, By Application (USD Million)
9.1. USA and Canada Collation Shrink Films Market Value Share and Forecast, By Application, 2023-20339.2. Bottles9.3. Cans9.4. Books & Magazine9.5. Cartons9.6. Others
10. USA and Canada Collation Shrink Films Market, By End Use (USD Million)
10.1. USA and Canada Collation Shrink Films Market Value Share and Forecast, By End Use, 2023-203310.2. Food & Beverage10.3. Cosmetic10.4. Personal care & home10.5. Pharmaceuticals10.6. Transport & Logistics10.7. Printing & Publications10.8. Others
11. USA and Canada Collation Shrink Films Market Forecast, 2019-2033 (USD Million)
11.1. USA and Canada Collation Shrink Films Market Size and Market Share
12. USA and Canada Collation Shrink Films Market, By Material, 2019-2033 (USD Million)
12.1. USA and Canada Collation Shrink Films Market Size and Market Share By Material (2019-2026)12.2. USA and Canada Collation Shrink Films Market Size and Market Share By Material (2027-2033)
13. USA and Canada Collation Shrink Films Market, By Thickness, 2019-2033 (USD Million)
13.1. USA and Canada Collation Shrink Films Market Size and Market Share By Thickness (2019-2026)13.2. USA and Canada Collation Shrink Films Market Size and Market Share By Thickness (2027-2033)
14. USA and Canada Collation Shrink Films Market, By Application, 2019-2033 (USD Million)
14.1. USA and Canada Collation Shrink Films Market Size and Market Share By Application (2019-2026)14.2. USA and Canada Collation Shrink Films Market Size and Market Share By Application (2027-2033)
15. USA and Canada Collation Shrink Films Market, By Region, 2019-2033 (USD Million)
15.1. USA and Canada Collation Shrink Films Market Size and Market Share By Region (2019-2026)15.2. USA and Canada Collation Shrink Films Market Size and Market Share By Region (2027-2033)15.3. United States15.4. Canada
16. Company Profile
16.1. Accredo Packaging Inc,
16.1.1. Company details16.1.2. Financial outlook16.1.3. Product summary16.1.4. Recent developments
16.2. Armando Alvarez Group
16.2.1. Company details16.2.2. Financial outlook16.2.3. Product summary16.2.4. Recent developments
16.3. Berry Global Inc,
16.3.1. Company details16.3.2. Financial outlook16.3.3. Product summary16.3.4. Recent developments
16.4. Dow Inc,
16.4.1. Company details16.4.2. Financial outlook16.4.3. Product summary16.4.4. Recent developments
16.5. Impact Packaging Solutions
16.5.1. Company details16.5.2. Financial outlook16.5.3. Product summary16.5.4. Recent developments
16.6. ITP
16.6.1. Company details16.6.2. Financial outlook16.6.3. Product summary16.6.4. Recent developments
16.7. Macchi North America Plastic Machinery Inc,
16.7.1. Company details16.7.2. Financial outlook16.7.3. Product summary16.7.4. Recent developments
16.8. NOVA Chemicals Corporate
16.8.1. Company details16.8.2. Financial outlook16.8.3. Product summary16.8.4. Recent developments
16.9. Packman Packaging Pvt. Ltd.
16.9.1. Company details16.9.2. Financial outlook16.9.3. Product summary16.9.4. Recent developments
16.10. Plastixx FFS Technologies
16.10.1. Company details16.10.2. Financial outlook16.10.3. Product summary16.10.4. Recent developments
16.11. Pyramid Shrink Film
16.11.1. Company details16.11.2. Financial outlook16.11.3. Product summary16.11.4. Recent developments
16.12. Sealed Air Corporation
16.12.1. Company details16.12.2. Financial outlook16.12.3. Product summary16.12.4. Recent developments
16.13. Transcontinental Packaging
16.13.1. Company details16.13.2. Financial outlook16.13.3. Product summary16.13.4. Recent developments
16.14. Others
17. List of Abbreviations
18. Reference Links
19. Conclusion
20. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
USA and Canada Collation Shrink Films Market is projected to reach USD 1.70 billion by 2033, growing at a CAGR of 5.44% during the forecast period.
USA and Canada Collation Shrink Films Market grew in market size from 2022. The Market is expected to reach USD 1.70 billion by 2033, at a CAGR of 5.44% during the forecast period.
USA and Canada Collation Shrink Films Market CAGR of 5.44% during the forecast period.
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USA and Canada Collation Shrink Films Market size is USD 1.70 billion from 2023 to 2033.
USA and Canada Collation Shrink Films Market Segment is covered By Material, By Thickness, By Application, By End Use.
The North America is anticipated to have the highest market share in the USA and Canada Collation Shrink Films Market.
The key players in the market include Companies Covered Accredo Packaging Inc, Armando Alvarez Group, Berry Global Inc, Dow Inc, Impact Packaging Solutions, ITP, Macchi North America Plastic Machinery Inc, NOVA Chemicals Corporate, Packman Packaging Pvt. Ltd., Plastixx FFS Technologies, Pyramid Shrink Film, Sealed Air Corporation, and Transcontinental Packaging.
Collation shrink films are the thin, light packing materials that are wrapped freely over items and contract securely when heated. Food cans, drink bottles, and other things are bundled together in these films.
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