The Global Heavy Shrink Film Market was valued at USD 2.85 Billion in 2024 and is projected to reach USD 5.67 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2024–2032). This growth is being driven by the exponential expansion of e-commerce, increasing demand for industrial protective packaging, and the accelerating adoption of sustainable and recyclable materials across manufacturing and logistics sectors.

As the packaging industry transforms toward automation and environmental responsibility, the spotlight is on the key material suppliers who are driving innovation, efficiency, and circular economy pathways. In this blog, we profile the Top 10 Companies in the Heavy Shrink Film Industry—a mix of global polymer giants, specialty converters, and sustainability pioneers shaping the future of industrial packaging.

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🔟 1. Berry Global Inc.

Headquarters: Evansville, Indiana, USA
Key Offering: High-performance polyethylene films, sustainable shrink films, custom packaging solutions

Berry Global is the world’s leading producer of heavy shrink films, commanding approximately 18% of the global market share. The company’s extensive product portfolio includes monolayer and multi-layer films designed for high-load containment in food, beverage, and industrial applications. Their recent innovations focus on films with up to 30% post-consumer recycled (PCR) content.

Sustainability Initiatives:

• Launched 30% PCR-content heavy shrink film in June 2024

• Committed to 100% reusable, recyclable, or compostable packaging by 2025

• Investing in advanced recycling technologies and lightweighting solutions

Download FREE Sample Report: Heavy Shrink Film Market – View in Detailed Research Report

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9️⃣ 2. RKW Group

Headquarters: Frankfurt, Germany
Key Offering: PE-based shrink films, agricultural films, hygiene products

RKW Group is a European leader in shrink film production, specializing in high-quality polyethylene solutions for pallet wrapping and unitization. With 15% market share, the company serves diverse sectors including food packaging, construction, and agriculture through its extensive manufacturing network across Europe and North America.

Sustainability Initiatives:

• Developing fully recyclable mono-material PE solutions

• Implementing energy-efficient production processes across all facilities

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8️⃣ 3. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Petrochemical resins, specialty polymers, certified circular polymers

SABIC leverages its backward integration into petrochemical feedstocks to produce high-performance polymer resins for shrink film applications. The company’s TRUCIRCLE™ portfolio includes certified circular and renewable solutions that are increasingly used by film converters to meet sustainability targets.

Sustainability Initiatives:

• Pioneering chemical recycling technologies for plastic waste

• Expanding portfolio of bio-based and circular polymers

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7️⃣ 4. Intertape Polymer Group Inc.

Headquarters: Sarasota, Florida, USA
Key Offering: Stretch and shrink films, water-activated tapes, protective packaging

Intertape Polymer Group is a North American leader in protective packaging solutions, offering a comprehensive range of heavy-duty shrink films for industrial applications. The company’s products are known for exceptional puncture resistance and load stability, making them ideal for securing bulky or irregular-shaped items.

Sustainability Initiatives:

• Developing films with reduced gauge and enhanced performance

• Implementing closed-loop recycling programs with major customers

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6️⃣ 5. DUO PLAST AG

Headquarters: Großkrotzenburg, Germany
Key Offering: Heavy-duty shrink films, stretch films, silage films

DUO PLAST AG specializes in high-performance films for industrial and agricultural applications. The company’s heavy shrink films are engineered for extreme weather conditions and demanding logistics environments, with particular strength in European and Asian markets.

Sustainability Initiatives:

• Partnering with Rani Group to expand sustainable packaging in Asia

• Developing biodegradable alternatives for specific applications

Download FREE Sample Report: Heavy Shrink Film Market – View in Detailed Research Report

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5️⃣ 6. Tri-Cor Flexible Packaging Inc.

Headquarters: St. Paul, Minnesota, USA
Key Offering: Custom engineered films, barrier packaging, industrial shrink films

Tri-Cor Flexible Packaging focuses on high-value, customized shrink film solutions for specialized industrial applications. The company serves sectors including automotive, electronics, and medical devices with films offering superior protection against moisture, UV radiation, and mechanical stress.

Innovation Focus:

• Multi-layer co-extrusion technology for enhanced barrier properties

• Smart packaging integration with RFID and NFC capabilities

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4️⃣ 7. Brentwood Plastics, Inc.

Headquarters: St. Louis, Missouri, USA
Key Offering: Specialty plastic films, tubing, custom extrusion solutions

Brentwood Plastics is a specialist manufacturer of engineered plastic films and sheetings, including heavy-duty shrink films for industrial containment. The company’s strength lies in rapid prototyping and custom formulation capabilities for niche applications.

Market Position:

• Strong presence in North American industrial packaging sector

• Focus on high-margin specialty applications

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3️⃣ 8. Rani Group

Headquarters: Mumbai, India
Key Offering: Flexible packaging, shrink films, laminated tubes

Rani Group is a leading packaging converter in the Asia-Pacific region, producing heavy shrink films for the growing Indian and Southeast Asian markets. The company benefits from proximity to rapidly expanding manufacturing hubs and export-oriented industries.

Growth Strategy:

• Strategic partnership with DUO PLAST AG for technology transfer

• Expanding production capacity to meet regional demand growth

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2️⃣ 9. JK Polyfilm

Headquarters: New Delhi, India
Key Offering: BOPP films, shrink films, flexible packaging materials

JK Polyfilm is a major player in the Asian shrink film market, leveraging cost-competitive manufacturing and extensive distribution networks. The company serves diverse applications from food packaging to industrial goods protection across India and export markets.

Market Expansion:

• Increasing export focus to Middle East and African markets

• Investing in wider width extrusion lines for pallet wrapping applications

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1️⃣ 10. Polystar Plastics

Headquarters: Richmond, British Columbia, Canada
Key Offering: Recycled content films, custom packaging solutions

Polystar Plastics specializes in sustainable packaging solutions, including heavy shrink films with high recycled content. The company’s focus on circular economy principles positions it well for markets with stringent environmental regulations.

Sustainability Leadership:

• Pioneering use of post-industrial and post-consumer recycled materials

• Developing compostable shrink film alternatives for specific applications

Get Full Report Here: Heavy Shrink Film Market – View in Detailed Research Report

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🌍 Outlook: The Future of Heavy Shrink Film Is Smarter and More Sustainable

The heavy shrink film market is undergoing a fundamental transformation. While traditional polyethylene films still dominate in volume, the industry is investing significantly in sustainable alternatives, advanced manufacturing technologies, and smart packaging integration.

📈 Key Trends Shaping the Market:

• Rapid adoption of mono-material PE structures for improved recyclability

• Regulatory push for 30-50% recycled content in packaging by 2030

• Digitalization of packaging lines with IoT-enabled monitoring systems

• Brand owner-packaging company alliances for circular economy solutions

Get Full Report Here: Heavy Shrink Film Market – View in Detailed Research Report

The companies listed above are not only supplying essential packaging materials—they’re driving the sustainable transformation of global supply chains.