According to our (Global Info Research) latest study, the global Food Packaging Shrink Bag market size was valued at US$ 6945 million in 2025 and is forecast to a readjusted size of US$ 10095 million by 2032 with a CAGR of 5.5% during review period.
In 2025, global Food Packaging Shrink Bag production reached approximately 79.4 billion units, with an average global market price of around US$ 0.085 per unit.
The gross profit margin of major companies in the industry is between 20% – 35%.
In 2025, the global production capacity of food packaging shrink bags was approximately 104.5 billion units.
Food packaging shrink bags are flexible plastic packaging products designed to tightly wrap food items through heat shrinking, forming a sealed barrier that protects contents from contamination, moisture loss, and oxygen exposure. These bags improve shelf life, enhance visual appearance, and support hygienic handling of packaged foods across processing and retail stages.
The industrial chain of food packaging shrink bags includes upstream polymer resins, additives, and printing materials. The midstream consists of film extrusion, multilayer co-extrusion, bag forming, sealing, and quality inspection processes. Downstream applications mainly include meat processing plants, poultry and seafood packaging facilities, dairy producers, food processors, and retail food packaging operations.
The food packaging shrink bag market continues to expand steadily driven by rising global consumption of packaged and processed foods. Increasing demand for extended shelf life, food safety, and improved cold-chain logistics supports widespread adoption. Shrink bags provide strong barrier performance, tight sealing, and high visual appeal, making them a preferred solution for meat, dairy, and seafood packaging. Advances in multilayer film technology, recyclable materials, and downgauged structures improve performance while reducing material usage. As food processors focus on efficiency, sustainability, and compliance with stricter hygiene standards, food packaging shrink bags are expected to maintain stable long-term growth.
This report is a detailed and comprehensive analysis for global Food Packaging Shrink Bag market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Food Packaging Shrink Bag market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Food Packaging Shrink Bag market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Food Packaging Shrink Bag market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Food Packaging Shrink Bag market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Food Packaging Shrink Bag
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Food Packaging Shrink Bag market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Amcor, Sealed Air Corporation, Viscofan, TC Transcontinental, Kureha Corporation, Flexopack, Schur Flexibles Group, Allfo, Winpak, PREMIUMPACK, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Food Packaging Shrink Bag market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Round Bottom Sealed
Straight Bottom Sealed
Side Sealed
Others
Market segment by Material Structure
PE Shrink Bag
PA/PE Co-Extruded Shrink Bag
Multi-Layer Barrier Shrink Bag
Market segment by Barrier Performance
Low Barrier Shrink Bag
Medium Barrier Shrink Bag
High Barrier Shrink Bag
Market segment by Application
Meat and Poultry
Seafood
Dairy
Others
Major players covered
Amcor
Sealed Air Corporation
Viscofan
TC Transcontinental
Kureha Corporation
Flexopack
Schur Flexibles Group
Allfo
Winpak
PREMIUMPACK
Flavorseal
BUERGOFOL
Vac Pac
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Food Packaging Shrink Bag product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Food Packaging Shrink Bag, with price, sales quantity, revenue, and global market share of Food Packaging Shrink Bag from 2021 to 2026.
Chapter 3, the Food Packaging Shrink Bag competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Food Packaging Shrink Bag breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Food Packaging Shrink Bag market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Food Packaging Shrink Bag.
Chapter 14 and 15, to describe Food Packaging Shrink Bag sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Food Packaging Shrink Bag. Industry analysis & Market Report on Food Packaging Shrink Bag is a syndicated market report, published as Global Food Packaging Shrink Bag Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Food Packaging Shrink Bag market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.