The Global Shrink Films Market was valued at USD 3.93 Billion in 2023 and is projected to reach USD 5.84 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2023–2030). This growth is being driven by the rising demand for flexible packaging in the food and beverage sector, the expansion of e-commerce requiring efficient wrapping solutions, and the increasing adoption of eco-friendly and recyclable shrink films across industries like pharmaceuticals and consumer goods.

As the packaging industry evolves toward sustainability and efficiency, the focus is on the major manufacturers who are innovating with advanced materials, reducing plastic waste, and meeting regulatory demands for greener alternatives. In this blog, we profile the Top 10 Companies in the Global Shrink Films Industry—a blend of established giants, specialized innovators, and sustainability pioneers shaping the future of protective and attractive product packaging worldwide.

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🔟 1. AEP Industries

Headquarters: South Bend, Indiana, USA
Key Offering: Polyolefin (POF) Shrink Films, Polyethylene (PE) Films

AEP Industries, now part of Berry Global, has long been a key player in the flexible packaging space, specializing in high-clarity shrink films that conform tightly around products for tamper-evident and attractive presentation. Their films are widely used in bundling and pallet wrapping for retail and industrial applications, with a strong emphasis on quality control and customization serving major clients in North America.

Sustainability Initiatives:

• Development of films with higher recycled content to reduce virgin plastic use

• Partnerships with retailers to promote recyclable packaging solutions

• Commitment to zero-waste manufacturing goals by 2030

Download FREE Sample Report:
Global and Regional Shrink Films Market – View in Detailed Research Report

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9️⃣ 2. Anchor Packaging

Headquarters: St. Paul, Minnesota, USA
Key Offering: PVC Shrink Films, Printed Shrink Sleeves

Anchor Packaging stands out for its expertise in tamper-evident and promotional shrink films, particularly in the food service and retail sectors, producing high-performance films that shrink uniformly when exposed to heat for seamless wraps that protect contents and boost brand appeal.

Sustainability Initiatives:

• Introduction of bio-based PVC alternatives to lower carbon footprint

• Collaboration with recycling programs to improve end-of-life film recovery

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8️⃣ 3. Bemis Company

Headquarters: Neenah, Wisconsin, USA (now part of Amcor)
Key Offering: Polypropylene (PP/BOPP) Shrink Films, Multi-layer Films

Bemis Company, integrated into Amcor since 2019, has been a cornerstone in the shrink films arena, renowned for its advanced multi-layer technologies that provide barrier properties against moisture and oxygen, essential for extending shelf life in food packaging and protecting sensitive electronics.

Sustainability Initiatives:

• Investment in mono-material films for easier recycling

• Targets to incorporate 30% post-consumer recycled content by 2025

• Focus on sustainable sourcing of raw materials

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7️⃣ 4. Berry Global

Headquarters: Evansville, Indiana, USA
Key Offering: PE Shrink Films, PET Shrink Films, Custom Shrink Solutions

Berry Global is a dominant force in the shrink films market, offering a comprehensive portfolio that includes cross-linked polyethylene films for superior shrink force and resistance to environmental stresses, serving diverse sectors from consumer goods to industrial products with over 265 facilities worldwide.

Sustainability Initiatives:

• Launch of recyclable PE shrink films compatible with standard recycling streams

• Global partnerships to advance circular economy principles in packaging

• Aim for carbon-neutral operations by 2040

Download FREE Sample Report:
Global and Regional Shrink Films Market – View in Detailed Research Report

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6️⃣ 5. Clysar

Headquarters: Avon, Ohio, USA (division of Sealed Air)
Key Offering: Cross-linked Polyolefin Shrink Films, Industrial Shrink Wraps

Clysar, a Sealed Air brand, specializes in premium cross-linked films that offer unmatched toughness and clarity for demanding industrial uses, such as wrapping machinery parts and bundling consumer goods, providing excellent puncture resistance and conformability for irregular shapes.

Sustainability Initiatives:

• Development of films with reduced gauge thickness to conserve resources

• Integration of bio-resins for partially renewable content

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5️⃣ 6. The Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: PLA Shrink Films, Specialty Polymer Films

The Dow Chemical Company leverages its chemical expertise to produce advanced shrink films, including bio-based polylactic acid (PLA) options that biodegrade under industrial composting conditions, tailored for pharmaceuticals and electronics with enhanced barrier properties.

Sustainability Initiatives:

• Pioneering PLA films derived from renewable resources

• Targets for 100% renewable or recycled content in select products by 2030

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4️⃣ 7. Fuji Seal International

Headquarters: Tokyo, Japan
Key Offering: PET Shrink Sleeves, Full-Body Shrink Labels

Fuji Seal International excels in shrink sleeve technology, providing 360-degree labeling solutions that enhance brand visibility on bottles and containers, with PET-based films offering high shrinkage and gloss for premium aesthetics in beverages and personal care products.

Sustainability Initiatives:

• Recyclable PET sleeves designed for bottle-to-bottle recycling

• Reduction in film weight to minimize material use

• Collaborations with governments on extended producer responsibility programs

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3️⃣ 8. Intertape Polymer Group

Headquarters: Sarasota, Florida, USA
Key Offering: PE Stretch and Shrink Films, Protective Wraps

Intertape Polymer Group (IPG) is a versatile provider of shrink and stretch films, emphasizing industrial and e-commerce applications where load stability is critical, with films featuring high cling properties and tear resistance ideal for palletizing goods in logistics.

Sustainability Initiatives:

• Introduction of post-consumer recycled (PCR) content in PE films

• Efforts to improve film recyclability through design for disassembly

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2️⃣ 9. Sealed Air Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Polyolefin Shrink Films, Cryovac Brand Films

Sealed Air Corporation, through brands like Cryovac and Clysar, delivers robust shrink films for food preservation and industrial protection, with Cryovac films legendary in meat and poultry packaging for extending freshness and offering superior oxygen barriers.

Sustainability Initiatives:

• Goal of 50% recycled or renewable content across packaging by 2025

• Development of compostable shrink film alternatives

• Partnerships with waste management firms for closed-loop recycling

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1️⃣ 10. Sigma Plastics Group

Headquarters: Lyndhurst, New Jersey, USA
Key Offering: PVC Shrink Films, Specialty Shrink Bags

Sigma Plastics Group rounds out the top players as a specialized manufacturer of PVC and polyolefin shrink films, focusing on custom applications for hardware, toys, and gifts, providing crystal-clear visibility and strong seals perfect for point-of-purchase displays.

Sustainability Initiatives:

• Transition to phthalate-free PVC for safer handling

• Investments in energy-efficient extrusion technology

• Exploration of plant-based polymers for future lines

Read Full Report:
Global and Regional Shrink Films Market – View in Detailed Research Report

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🌍 Outlook: The Future of Shrink Films Is Sustainable and Innovative

The shrink films market is experiencing a profound transformation. While conventional plastic films remain prevalent for their cost-effectiveness, the sector is channeling substantial investments into biodegradable and recycled materials, advanced extrusion technologies, and recyclable designs to combat plastic pollution.

📈 Key Trends Shaping the Market:

• Expansion of bio-based and PLA films in response to plastic bans

• Regulatory mandates for recyclable content, targeting 25% by 2030 in key regions

• Digital integration in packaging design and supply chain traceability

• Strategic alliances between film producers and brands for customized sustainable solutions

Read Full Report:
Global and Regional Shrink Films Market – View in Detailed Research Report

The companies profiled here are not only protecting and presenting the world’s products—they’re leading the sustainable packaging revolution, ensuring that tomorrow’s wraps are as kind to the planet as they are effective.