Press release
US Shrink Film Market Size to Reach USD 2.7 Billion by 2031 Driven by Rising Demand in Food and Beverage Packaging
Shrink Film Market
This growth is fueled by the rising demand for multipack beverage bundling, e-commerce shipping protection, and vibrant printed packaging solutions. With consumers and brands leaning into sustainable materials, on-shelf impact, and tamper-evidence, shrink films are emerging as a key packaging innovation that blends performance, aesthetics, and environmental credentials.
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The Shrink Film Market involves the production and distribution of plastic films that shrink tightly over products when heat is applied, providing secure and protective packaging.
Key Developments: Shrink Film Market (U.S. & Japan)
-May 2025 (U.S.): A major packaging company launched a new high-clarity shrink film with enhanced seal-strength, aimed at improving shelf-appeal for food and beverage multipacks.
-March 2025 (Japan): A Japanese producer introduced a biodegradable shrink film for fresh produce packaging, responding to sustainability targets and regulatory pressure on single-use plastics.
-January 2025 (U.S.): Shrink film manufacturers expanded production capacity of lightweight, high-barrier films to support demand from e-commerce and automated fulfillment packaging.
-February 2025 (Japan): Japanese brands adopted printed shrink-sleeve films with reduced material thickness and enhanced recyclability for bottled beverages and premium branding.
Recent Mergers & Strategic Moves: Shrink Film Market (U.S. & Japan)
-July 2025: A U.S.-based packaging materials company acquired a regional Japanese film producer to expand its shrink-film footprint in Asia-Pacific and supply global beverage clients.
-April 2025: A Japanese chemical company formed a strategic joint venture with a U.S. film-technology provider to co-develop next-generation sustainable shrink films with low film gauge and higher recycling compatibility.
-February 2025: A major global packaging group invested in a U.S. start-up focused on advanced shrink-film applications for automated secondary packaging, aiming to integrate robotics and film conversion.
key Segments:
➥ By Material Type: Polyvinyl Chloride (PVC) Shrink Films, Polyolefin, PETG (PET) Shrink Films, Oriented Polystyrene (OPS) Shrink Films, Polylactic Acid (PLA) Shrink Films
➥ By Application: Food & Beverages, Pharmaceuticals, Industrial Packaging, Others
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Market Drivers - Shrink Film Market
Rising Packaging Demand: Growth in food, beverage, and consumer goods sectors boosts use of shrink films for product protection and branding.
E-commerce Expansion: Surge in online retail increases need for durable, tamper-evident packaging materials.
Sustainability Focus: Shift toward recyclable, biodegradable, and thinner shrink films to meet eco-friendly standards.
Advancements in Material Science: Development of multi-layer and high-clarity films enhances performance and shelf appeal.
Cost Efficiency: Shrink films offer lower packaging costs and reduced material usage compared to rigid alternatives.
Competitive Landscape - Shrink Film Market
Key Players: Major companies include Berry Global, Sealed Air Corporation, COVERIS, Polypak Packaging, and Mitsubishi Chemical Corporation.
Regional Leadership: Japan and the U.S. lead in innovation with Mitsubishi Chemical and Berry Global expanding sustainable product lines.
Strategic Collaborations: Partnerships with FMCG and logistics companies to develop customized, eco-friendly shrink packaging.
Product Diversification: Companies introducing bio-based and recyclable polyolefin (POF) and polyethylene (PE) films.
Focus on Circular Economy: Investments in recycling and closed-loop film production technologies.
Industry Developments - Shrink Film Market
Eco-Friendly Product Launches: Introduction of compostable and recyclable shrink films for retail and food packaging.
Technological Innovation: Enhanced film clarity, puncture resistance, and heat shrink performance.
Automation Integration: Increased adoption of high-speed shrink wrapping machinery in manufacturing lines.
Recycling Advancements: Development of mono-material shrink films for easier recyclability.
Capacity Expansion: Global producers expanding manufacturing plants in Asia-Pacific and North America to meet rising demand.
Research Process:
Both primary and secondary data sources have been used in the Global Shrink Film Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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