Shrink Films

Muti pack shrink films report focused largely on food and beverage end uses, and covers major trends and suppliers operating in the market

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Category Alerts


Clysar LLC introduces sustainable Ultra Leg Shrink Films

March 08, 2023
alert level: Medium

Elite Plastics, has installed a new three-layer blown PE shrink film extrusion line in UK.

April 20, 2023
alert level: Medium

Val Group introduces PCR content shrink films for beer packaging

April 04, 2023
alert level: Medium

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Shrink Films Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Shrink Films category is 7.30%

Payment Terms

(in days)

The industry average payment terms in Shrink Films category for the current quarter is 225.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length


Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk



Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Shrink Films market report transcript

    Global Market Outlook on Shrink Films

    • In 2023E, the global shrink film demand is expected to be at about $4.7 billion, and it is expected to grow at a CAGR of 5–5.5 percent from 2023E to 2027F. The top global manufacturers are expanding their capacity to meet the increasing demand

    • The key growth drivers are:

    –Growing end-use demand from the beverages segment

    –Packaged food industry

    Global Shrink Films Market

    • The global shrink films market is mainly driven by the growing consumption of packaged food, consumer goods, beverages segments, like beer and soft drinks across the globe, due to rise in demand from the growing young population

    • The soft drinks market, growing at a CAGR of 6 percent (2023E–2027F), is expected to contribute a significant demand in the beverage shrink films packaging market. With craft carbonated soft drinks packaging to contribute major demand in the region

    • With growing sustainability requirements in the West opportunities of lesser secondary packaging and recycled content in resins are likely to sustain growth in the segment

    • Trends in down gauging, enhanced physical properties, and print options are likely to be the key focus of product development in the segment in the next five years

    Shrink Films: Drivers and Constraints


    Growing end-use market

    • Increase in demand from alcoholic drinks, CSD packaging across regions is the major driver for shrink films demand

    Consumer buying pattern

    • Growing bulk consumption of beverages with the growth of large format retail stores and hypermarkets

    • With growing young population in major across regions etc. consumers are increasingly attracted towards packages like multipacks

    • Growing middle class people income in emerging regions of APAC and LATAM are one of the major demand drivers of shrink films

    Strong performance features

    • In addition to increasing mechanical strength and heat stability light-weighting through down-gauging can help to reduce carbon footprint without compromising on the performance

    • Moreover shrink films can also be easily recycled, landfilled or incinerated after usage



    • Increase in usage of biodegradable films from starch and edible oils can act as replacement for PE shrink films

    Impact of Plastic bans

    • With the increase in regulations on use of plastics across regions is a major threat to shrink films in North America

    • Suppliers are focusing on other alternatives of shrink films in beverage segments. For example Nature Multipack, a recent innovation, which uses special adhesives replacing shrink bundling films introduced by NMP systems

    Cost Structure Analysis: Shrink Films

    • APAC is dominated by the supply from China, as it exports the raw material to the other neighboring APAC countries. The prices mostly depend on China’s output.

    • PE resin contributes to around 75–80 percent, and its a major cost driver, followed by fixed and labor cost

    • PE resin does not have any supply constraints across regions. However, there will be a temporary supply disruption and capacity outage, which results in temporary price variations

    • Fixed charges include packaging, logistics, administrative, and other general expenses and contribute to about 12–14 percent of the overall PE film production cost

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