Summary

Global Polyolefin Shrink Film Market is valued approximately at USD 3.37 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.50% over the forecast period 2024-2032. Polyolefin shrink films have rapidly emerged as a packaging essential in both industrial and commercial domains due to their superior strength, puncture resistance, and clarity. Derived from polyolefins such as polyethylene and polypropylene, these films respond to heat by shrinking snugly around products—offering not just protective enclosure, but also tamper-evidence and branding appeal. As companies across sectors pursue operational efficiency, reduced packaging waste, and shelf appeal, polyolefin shrink films are proving to be a critical asset in advanced packaging solutions.
Growth in the polyolefin shrink film market is being fueled by a marked surge in demand from the food and beverage industry, where safety, hygiene, and visibility are paramount. Furthermore, pharmaceutical manufacturers are embracing these films for unit dose packaging and bundling due to regulatory compliance and tamper-proofing benefits. Increasing adoption in e-commerce, home care, and personal care packaging is also accelerating traction. Meanwhile, the rise in demand for environmentally sound packaging materials is inspiring innovation in recyclable and thinner gauge films—reducing both cost and carbon footprint without compromising on performance.
Nevertheless, the market encounters certain obstacles, particularly from fluctuating raw material prices and the growing scrutiny of single-use plastics. Manufacturers are countering these challenges by investing in bio-based polyolefins, downgauging strategies, and the incorporation of multi-layer technology that enhances mechanical properties while minimizing material use. Additionally, the shift toward automated high-speed packaging lines has prompted the development of films with high shrink rates and lower sealing temperatures, optimizing throughput for modern supply chains.
Strategic partnerships and vertical integration initiatives are reshaping the competitive landscape. Players are collaborating across the packaging value chain—from resin suppliers to machinery manufacturers—to ensure seamless system compatibility and performance. Meanwhile, digital packaging platforms and customization technologies are offering brands the ability to tailor film characteristics for specific applications, ranging from shrink sleeves with 360-degree branding to industrial multipacks for warehousing efficiency.
Regionally, Asia Pacific leads the global market owing to its vast consumer goods manufacturing base, rising urbanization, and the expansion of organized retail. China and India, in particular, are witnessing an upswing in automated packaging demand and FMCG consumption. North America and Europe are investing in sustainable shrink films as part of their circular economy goals, with stringent environmental mandates encouraging recyclable packaging options. Latin America and the Middle East & Africa are following suit, bolstered by infrastructural development and increased adoption in food logistics and pharmaceuticals.
Major market player included in this report are:
• Berry Global Inc.
• Sealed Air Corporation
• ExxonMobil Chemical Company
• Coveris Holdings S.A.
• LyondellBasell Industries Holdings B.V.
• SABIC
• Winpak Ltd.
• Intertape Polymer Group Inc.
• Sigma Plastics Group
• Polyplex Corporation Ltd.
• Bolloré Group
• Kureha Corporation
• Bonset America Corporation
• Clysar, LLC
• Syfan USA
The detailed segments and sub-segment of the market are explained below:
By Application
• Food and Beverages Packaging
• Pharmaceutical Packaging
• Industrial Packaging
• Construction and Building Materials
• Consumer Durables Packaging
By Product Type
• Polypropylene (PP)
• Polyethylene (PE)
• Ethylene Vinyl Acetate (EVA)
• Polyamide (PA)
• Polyethylene Terephthalate (PET)
By Film Thickness
• Below 25 microns
• 25–50 microns
• 50–100 microns
• Above 100 microns
By Closure Type
• Heat Sealed
• Cold Sealed
• Impulse Sealed
• Ultrasonic Sealed
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Table of Contents
Chapter 1. Global Polyolefin Shrink Film Market Executive Summary
1.1. Global Polyolefin Shrink Film Market Size & Forecast (2022 2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Application
1.3.2. By Product Type
1.4. Key Trends
1.5. COVID 19 Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Polyolefin Shrink Film Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Raw Material Availability
2.3.3.2. Manufacturing Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Competitive Landscape
2.3.3.5. Cost Economics
2.3.4. Demand Side Analysis
2.3.4.1. Packaging Regulations
2.3.4.2. Technological Adoption
2.3.4.3. Sustainability Considerations
2.3.4.4. Consumer Preference Shifts
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Polyolefin Shrink Film Market Dynamics
3.1. Market Drivers
3.1.1. Rising demand for tamper evident food & beverage packaging
3.1.2. Growth of pharmaceutical and e commerce sectors
3.1.3. Regulatory push toward recyclable, downgauged films
3.2. Market Challenges
3.2.1. Volatile raw material prices
3.2.2. Increasing scrutiny on single use plastics
3.3. Market Opportunities
3.3.1. Development of bio based and multilayer films
3.3.2. Automation and high speed packaging integration
3.3.3. Custom shrink sleeve and specialty film solutions
Chapter 4. Global Polyolefin Shrink Film Market Industry Analysis
4.1. Porter’s Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Future Outlook on Porter’s Model
4.1.7. Impact Assessment
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspectives
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Polyolefin Shrink Film Market Size & Forecasts by Application (2022 2032)
5.1. Segment Dashboard
5.2. Application wise Revenue Trend Analysis, 2022 & 2032 (USD Million)
5.2.1. Food and Beverages Packaging
5.2.2. Pharmaceutical Packaging
5.2.3. Industrial Packaging
5.2.4. Construction and Building Materials
5.2.5. Consumer Durables Packaging
Chapter 6. Global Polyolefin Shrink Film Market Size & Forecasts by Product Type (2022 2032)
6.1. Segment Dashboard
6.2. Product Type wise Revenue Trend Analysis, 2022 & 2032 (USD Million)
6.2.1. Polypropylene (PP)
6.2.2. Polyethylene (PE)
6.2.3. Ethylene Vinyl Acetate (EVA)
6.2.4. Polyamide (PA)
6.2.5. Polyethylene Terephthalate (PET)
Chapter 7. Global Polyolefin Shrink Film Market Size & Forecasts by Film Thickness & Closure Type (2022 2032)
7.1. Film Thickness Segmentation
7.1.1. Below 25 microns
7.1.2. 25–50 microns
7.1.3. 50–100 microns
7.1.4. Above 100 microns
7.2. Closure Type Segmentation
7.2.1. Heat Sealed
7.2.2. Cold Sealed
7.2.3. Impulse Sealed
7.2.4. Ultrasonic Sealed
Chapter 8. Global Polyolefin Shrink Film Market Size & Forecasts by Region (2022 2032)
8.1. North America Market
8.1.1. U.S. Market
8.1.1.1. Application breakdown & forecasts
8.1.1.2. Product Type breakdown & forecasts
8.1.2. Canada Market
8.2. Europe Market
8.2.1. UK Market
8.2.2. Germany Market
8.2.3. France Market
8.2.4. Spain Market
8.2.5. Italy Market
8.2.6. Rest of Europe Market
8.3. Asia Pacific Market
8.3.1. China Market
8.3.2. India Market
8.3.3. Japan Market
8.3.4. Australia Market
8.3.5. South Korea Market
8.3.6. Rest of Asia Pacific Market
8.4. Latin America Market
8.4.1. Brazil Market
8.4.2. Mexico Market
8.4.3. Rest of Latin America Market
8.5. Middle East & Africa Market
8.5.1. Saudi Arabia Market
8.5.2. South Africa Market
8.5.3. Rest of Middle East & Africa Market
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Berry Global Inc.
9.1.2. Sealed Air Corporation
9.1.3. ExxonMobil Chemical Company
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Berry Global Inc.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Sealed Air Corporation
9.3.3. ExxonMobil Chemical Company
9.3.4. Coveris Holdings S.A.
9.3.5. LyondellBasell Industries Holdings B.V.
9.3.6. SABIC
9.3.7. Winpak Ltd.
9.3.8. Intertape Polymer Group Inc.
9.3.9. Sigma Plastics Group
9.3.10. Polyplex Corporation Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes