Abstract: An expandable film includes a core layer and first and second non-expandable outer layers. The core layer includes expandable microspheres dispersed in a matrix having at least 40% of one or more matrix polymers selected from (i) ethylene/unsaturated ester copolymer having an unsaturated ester comonomer content of from 20% to 60%, (ii) ethylene/alpha-olefin copolymer having a density of less than 0.915 g/cc, and (iii) combinations thereof. The melting point of the one or more matrix polymers is at least 15° C. below the activation temperature of the expandable microspheres. The first and second non-expandable outer layers each independently include one or more thermoplastic polymers having a melting point at least 15° C. below the activation temperature of the expandable microspheres.