Global Food Packaging Shrink Bag Market Growth 2026-2032
Description
The global Food Packaging Shrink Bag market size is predicted to grow from US$ 6603 million in 2025 to US$ 9785 million in 2032; it is expected to grow at a CAGR of 5.8% from 2026 to 2032.
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.
LP Information, Inc. (LPI) ' newest research report, the “Food Packaging Shrink Bag Industry Forecast” looks at past sales and reviews total world Food Packaging Shrink Bag sales in 2025, providing a comprehensive analysis by region and market sector of projected Food Packaging Shrink Bag sales for 2026 through 2032. With Food Packaging Shrink Bag sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food Packaging Shrink Bag industry.
This Insight Report provides a comprehensive analysis of the global Food Packaging Shrink Bag landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Food Packaging Shrink Bag portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Food Packaging Shrink Bag market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food Packaging Shrink Bag and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food Packaging Shrink Bag.
This report presents a comprehensive overview, market shares, and growth opportunities of Food Packaging Shrink Bag market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Round Bottom Sealed
Straight Bottom Sealed
Side Sealed
Others
Segmentation by Material Structure:
PE Shrink Bag
PA/PE Co-Extruded Shrink Bag
Multi-Layer Barrier Shrink Bag
Segmentation by Barrier Performance:
Low Barrier Shrink Bag
Medium Barrier Shrink Bag
High Barrier Shrink Bag
Segmentation by Application:
Meat and Poultry
Seafood
Dairy
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Amcor
Sealed Air Corporation
Viscofan
TC Transcontinental
Kureha Corporation
Flexopack
Schur Flexibles Group
Allfo
Winpak
PREMIUMPACK
Flavorseal
BUERGOFOL
Vac Pac
Key Questions Addressed in this Report
What is the 10-year outlook for the global Food Packaging Shrink Bag market?
What factors are driving Food Packaging Shrink Bag market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Food Packaging Shrink Bag market opportunities vary by end market size?
How does Food Packaging Shrink Bag break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
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.
LP Information, Inc. (LPI) ' newest research report, the “Food Packaging Shrink Bag Industry Forecast” looks at past sales and reviews total world Food Packaging Shrink Bag sales in 2025, providing a comprehensive analysis by region and market sector of projected Food Packaging Shrink Bag sales for 2026 through 2032. With Food Packaging Shrink Bag sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food Packaging Shrink Bag industry.
This Insight Report provides a comprehensive analysis of the global Food Packaging Shrink Bag landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Food Packaging Shrink Bag portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Food Packaging Shrink Bag market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food Packaging Shrink Bag and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food Packaging Shrink Bag.
This report presents a comprehensive overview, market shares, and growth opportunities of Food Packaging Shrink Bag market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Round Bottom Sealed
Straight Bottom Sealed
Side Sealed
Others
Segmentation by Material Structure:
PE Shrink Bag
PA/PE Co-Extruded Shrink Bag
Multi-Layer Barrier Shrink Bag
Segmentation by Barrier Performance:
Low Barrier Shrink Bag
Medium Barrier Shrink Bag
High Barrier Shrink Bag
Segmentation by Application:
Meat and Poultry
Seafood
Dairy
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Amcor
Sealed Air Corporation
Viscofan
TC Transcontinental
Kureha Corporation
Flexopack
Schur Flexibles Group
Allfo
Winpak
PREMIUMPACK
Flavorseal
BUERGOFOL
Vac Pac
Key Questions Addressed in this Report
What is the 10-year outlook for the global Food Packaging Shrink Bag market?
What factors are driving Food Packaging Shrink Bag market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Food Packaging Shrink Bag market opportunities vary by end market size?
How does Food Packaging Shrink Bag break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
114 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Food Packaging Shrink Bag by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Food Packaging Shrink Bag by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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