Shrink Bag Market, By Material, By Product Type, By Application, and By Geography

Description

Shrink Bag Market is estimated to be valued at USD 3.69 Bn in 2025 and is expected to reach USD 5.43 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 3.69 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	5.70%	2032 Value Projection:	USD 5.43 Bn

The global shrink bag market has witnessed significant growth in recent years, driven by the increasing demand for efficient and cost-effective packaging solutions across various industries. Shrink bags, also known as shrink films or shrink wrap, are versatile packaging materials that offer excellent protection, durability, and aesthetic appeal to products. These bags are made from thermoplastic materials, such as polyethylene (PE), polyvinyl chloride (PVC), and polyolefin (POF), which shrink tightly around the product when exposed to heat, creating a secure and tamper-evident seal. The global shrink bag market encompasses a wide range of applications, including food and beverages, pharmaceuticals, cosmetics, electronics, and other consumer goods. As businesses continue to prioritize product safety, shelf appeal, and cost-effectiveness, the demand for shrink bags is expected to rise, propelling the growth of this market in the coming years.

Market Dynamics:

One of the primary drivers of the global shrink bag market is the increasing demand for convenient and protective packaging solutions across various industries. Shrink bags offer excellent product visibility, tampering resistance, and extended shelf life, making them a preferred choice for packaging food, beverages, pharmaceuticals, and other consumer goods. Additionally, the growing e-commerce sector has further fueled the demand for shrink bags, as they provide secure and compact packaging for shipping products. However, the market also faces restraints, such as the environmental concerns associated with the disposal of plastic packaging materials.

Key features of the study:

This report provides in-depth analysis of the global shrink bag market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global shrink bag market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Sealed Air Corporation, Amcor plc, Berry Global, Inc., Mondi Group, Coveris Holdings S.A., Clysar LLC, Intertape Polymer Group, Sidel S.A., ProAmpac, Graphic Packaging Holding Company, Kraft Foods Group, Schur Flexibles Group, Clondalkin Group, Novolex Holdings, Inc., and AEP Industries Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global shrink bag market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global shrink bag market

Market Segmentation

Material Insights (Revenue, USD Bn, 2020 - 2032)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Others
Product Type Insights (Revenue, USD Bn, 2020 - 2032)
- Round Bottom
- Straight Bottom
- Side Sealed
Application Insights (Revenue, USD Bn, 2020 - 2032)
- Food and Beverage
- Pharmaceuticals
- Personal Care
- Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Sealed Air Corporation
- Amcor plc
- Berry Global, Inc.
- Mondi Group
- Coveris Holdings S.A.
- Clysar LLC
- Intertape Polymer Group
- Sidel S.A.
- ProAmpac
- Graphic Packaging Holding Company
- Kraft Foods Group
- Schur Flexibles Group
- Clondalkin Group
- Novolex Holdings, Inc.
- AEP Industries Inc.

Product Code: CMI8119

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Shrink Bag Market, By Material
- Global Shrink Bag Market, By Product Type
- Global Shrink Bag Market, By Application
- Global Shrink Bag Market, By Region

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Shrink Bag Market, By Material, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Polyethylene (PE)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Polypropylene (PP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Polyvinyl Chloride (PVC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Shrink Bag Market, By Product Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Round Bottom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Straight Bottom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Side Sealed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Shrink Bag Market, By Application, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Food and Beverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

7. Global Shrink Bag Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Material, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Material, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Material, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Material, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Material, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Material, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Sealed Air Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Amcor plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Berry Global, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mondi Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Coveris Holdings S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Clysar LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Intertape Polymer Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sidel S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ProAmpac
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Graphic Packaging Holding Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kraft Foods Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Schur Flexibles Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Clondalkin Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Novolex Holdings, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AEP Industries Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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