Shrink Packaging Market Size, Share, and Trends 2025 to 2034

The global shrink packaging market is projected to grow from USD 12.47 billion in 2025 to USD 21.55 billion by 2034, expanding at a CAGR of 6.27%. Growth is driven by rising industrialization and urbanization, increasing demand in food, consumer goods, and pharmaceuticals, and the need for tamper-resistant and aesthetically appealing packaging.

Last Updated : August 2025  |  Report Code : 5354  |  Category : Packaging  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Shrink Packaging Market 

5.1. COVID-19 Landscape: Shrink Packaging Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Shrink Packaging Market, By Materials

8.1. Shrink Packaging Market, by Materials

8.1.1 Low-Density Polyethylene

8.1.1.1. Market Revenue and Forecast

8.1.2. Linear Low-Density Polyethylene

8.1.2.1. Market Revenue and Forecast

8.1.3. Ethylene-Vinyl Alcohol

8.1.3.1. Market Revenue and Forecast

8.1.4. Polyvinyl Chloride

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Shrink Packaging Market, By Products

9.1. Shrink Packaging Market, by Products

9.1.1. Hoods

9.1.1.1. Market Revenue and Forecast

9.1.2. Labels and Sleeves

9.1.2.1. Market Revenue and Forecast

9.1.3. Films and Wraps

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Shrink Packaging Market, By Applications

10.1. Shrink Packaging Market, by Applications

10.1.1. Beverages

10.1.1.1. Market Revenue and Forecast

10.1.2. Consumer Goods

10.1.2.1. Market Revenue and Forecast

10.1.3. Food Packaging

10.1.3.1. Market Revenue and Forecast

10.1.4. Paper and Textile Products

10.1.4.1. Market Revenue and Forecast

10.1.5. Other Applications

10.1.5.1. Market Revenue and Forecast

Chapter 11. Global Shrink Packaging Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Materials

11.1.2. Market Revenue and Forecast, by Products

11.1.3. Market Revenue and Forecast, by Applications

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Materials

11.1.4.2. Market Revenue and Forecast, by Products

11.1.4.3. Market Revenue and Forecast, by Applications

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Materials

11.1.5.2. Market Revenue and Forecast, by Products

11.1.5.3. Market Revenue and Forecast, by Applications

11.2. Europe

11.2.1. Market Revenue and Forecast, by Materials

11.2.2. Market Revenue and Forecast, by Products

11.2.3. Market Revenue and Forecast, by Applications

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Materials

11.2.4.2. Market Revenue and Forecast, by Products

11.2.4.3. Market Revenue and Forecast, by Applications

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Materials

11.2.5.2. Market Revenue and Forecast, by Products

11.2.5.3. Market Revenue and Forecast, by Applications

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Materials

11.2.6.2. Market Revenue and Forecast, by Products

11.2.6.3. Market Revenue and Forecast, by Applications

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Materials

11.2.7.2. Market Revenue and Forecast, by Products

11.2.7.3. Market Revenue and Forecast, by Applications

11.3. APAC

11.3.1. Market Revenue and Forecast, by Materials

11.3.2. Market Revenue and Forecast, by Products

11.3.3. Market Revenue and Forecast, by Applications

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Materials

11.3.4.2. Market Revenue and Forecast, by Products

11.3.4.3. Market Revenue and Forecast, by Applications

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Materials

11.3.5.2. Market Revenue and Forecast, by Products

11.3.5.3. Market Revenue and Forecast, by Applications

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Materials

11.3.6.2. Market Revenue and Forecast, by Products

11.3.6.3. Market Revenue and Forecast, by Applications

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Materials

11.3.7.2. Market Revenue and Forecast, by Products

11.3.7.3. Market Revenue and Forecast, by Applications

11.4. MEA

11.4.1. Market Revenue and Forecast, by Materials

11.4.2. Market Revenue and Forecast, by Products

11.4.3. Market Revenue and Forecast, by Applications

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Materials

11.4.4.2. Market Revenue and Forecast, by Products

11.4.4.3. Market Revenue and Forecast, by Applications

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Materials

11.4.5.2. Market Revenue and Forecast, by Products

11.4.5.3. Market Revenue and Forecast, by Applications

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Materials

11.4.6.2. Market Revenue and Forecast, by Products

11.4.6.3. Market Revenue and Forecast, by Applications

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Materials

11.4.7.2. Market Revenue and Forecast, by Products

11.4.7.3. Market Revenue and Forecast, by Applications

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Materials

11.5.2. Market Revenue and Forecast, by Products

11.5.3. Market Revenue and Forecast, by Applications

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Materials

11.5.4.2. Market Revenue and Forecast, by Products

11.5.4.3. Market Revenue and Forecast, by Applications

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Materials

11.5.5.2. Market Revenue and Forecast, by Products

11.5.5.3. Market Revenue and Forecast, by Applications

Chapter 12. Company Profiles

12.1. Deufol SE (Germany)

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Dow Chemical Company (U.S.)

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Aakriti Packaging (India)

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Amcor Ltd (Australia)

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Bonset America Corporation (U.S.)

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. American Eagle Packaging Corporation (U.S)

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Bemis Company, Inc. (U.S.)

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Berry Global, Inc. (U.S.)

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Printpack Incorporated (U.S.)

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global shrink packaging market size is expected to grow from USD 11.73 billion in 2024 to USD 21.55 billion by 2034.

The shrink packaging market is anticipated to grow at a CAGR of 6.27% between 2025 and 2034.

The major players operating in the shrink packaging market are Deufol SE (Germany), Dow Chemical Company (U.S.), Aakriti Packaging (India), Amcor Ltd (Australia), Bonset America Corporation (U.S.), American Eagle Packaging Corporation (U.S), Bemis Company, Inc. (U.S.), Berry Global, Inc. (U.S.), Printpack Incorporated (U.S.), and Others.

The driving factors of the shrink packaging market are the rapid industrialization and urbanization in developing countries also rising disposable income coupled with changing lifestyle preferences.

North America region will lead the global shrink packaging market during the forecast period 2025 to 2034.

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