Who are the major players in the shrink packaging industry?

Major players in the industry include AEP Industries, Allen Plastic Industries, Amcor, Balcan Innovations, Berry Global, CCL Industries, Coveris Holdings, CP Flexible Packaging, and Dow Chemical.

How much market share does North America hold in the global shrink packaging industry?

North America holds over 25% of the global market share, driven by increasing demand for efficient packaging solutions across the food and beverage, pharmaceutical, and e-commerce sectors.

Which segment is the fastest growing in the shrink packaging market based on packaging type?

The tertiary packaging segment is the fastest-growing, with a CAGR of over 9% from 2025 to 2034, driven by the rising global demand for efficient logistics and bulk transportation.

How big is the global shrink packaging market?

The global market size for shrink packaging was valued at USD 12.3 billion in 2024 and is projected to reach USD 26.2 billion by 2034, driven by a CAGR of 7.8% from 2025 to 2034.

Shrink Packaging Market Size

Report ID: GMI12372

Published Date: November 2024

Report Format: PDF

Download Free PDF

Shrink Packaging Market Size

The global shrink packaging market was valued at USD 12.3 billion in 2024 and is estimated to grow at a CAGR of 7.8% from 2025 to 2034. A major growth driver for the market is the shift towards sustainability. The market demand for packaging solutions that use recycled materials and reduce carbon footprint is generating unprecedented attention from consumers and regulators. However, this demand for more sustainable materials tends to expand the market, as the performance of the bottom line is not compromised.

For instance, in February 2024, the Intertape Polymer Group (IPG) introduced ExlfilmPlus PC, a shrink film composed of 35% recycled content. It was found that this green film contained no less than 10% certified recycled post-consumer (PCR) and 25% recycled industrial (PIR). It has additional benefits of thin gauges that allow material consumption to be reduced by up to 9%, thus helping to increase maize for effective packaging options for performance.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Question(FAQ) :

Who are the major players in the shrink packaging industry?: Major players in the industry include AEP Industries, Allen Plastic Industries, Amcor, Balcan Innovations, Berry Global, CCL Industries, Coveris Holdings, CP Flexible Packaging, and Dow Chemical.
How much market share does North America hold in the global shrink packaging industry?: North America holds over 25% of the global market share, driven by increasing demand for efficient packaging solutions across the food and beverage, pharmaceutical, and e-commerce sectors.
Which segment is the fastest growing in the shrink packaging market based on packaging type?: The tertiary packaging segment is the fastest-growing, with a CAGR of over 9% from 2025 to 2034, driven by the rising global demand for efficient logistics and bulk transportation.
How big is the global shrink packaging market?: The global market size for shrink packaging was valued at USD 12.3 billion in 2024 and is projected to reach USD 26.2 billion by 2034, driven by a CAGR of 7.8% from 2025 to 2034.

Related Reports

Authors: Suraj Gujar, Sandeep Ugale

Buy Now

Single User: $4,123 $4,850

15% off

Multi User: $4,840 $6,050

20% off

Enterprise User: $5,845 $8,350

30% off

Buy now

Premium Report Details

Base Year: 2024

Companies covered: 19

Tables & Figures: 676

Countries covered: 18

Pages: 440

Download Free PDF

Shrink Packaging Market Size

Shrink Packaging Market Size

Premium Report Details

Industries

Information

Link

Global Headquarters