Crowding by macromolecules in the surrounding environment can collapse a single long polymer to globular form through depletion forces of entropic nature. For instance, the genomic DNA of the bacterium Escherichia coli can be compacted by crowding, and the current consensus is that crowding is needed in order to fold it into the "nucleoid", occupying a well defined region of the cell. Motivated by the biological importance of this problem, numerous theoretical and computational investigations have been conducted to ascertain the primary factors influencing the phases of polymer-crowder systems. Despite numerous candidate order parameters predicting this transition have been proposed, a singular quantitative description of the collapse transition in polymers driven by the presence of crowders is still elusive. Here, integrating results from molecular simulations of polymer chains in explicit crowders, we derive a unifying phenomenological model based on an effective monomer-monomer interaction potential. We demonstrate the predictive power of the new theory through an investigation of polymers with varying lengths, crowders of different sizes in a range spanning from low-density to high-density conditions. Finally, we address the role of jamming by crowders.