Polyolefin (PO) Shrink Films Market Research On Size, Share, Trends, Segments, Regions & Competition (2025 - 2030)

The Polyolefin Shrink Film Market Report Segments the Industry by Type (General Shrink Film and Cross-Linked Shrink Film), Material Type (Polyethylene and Polypropylene), Layer Structure (Monolayer and Multilayer), Application (Food and Beverage, Industrial Packaging, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

Polyolefin (PO) Shrink Films Market Size and Share

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Polyolefin (PO) Shrink Films Market Analysis by Mordor Intelligence

The polyolefin shrink film market is valued at USD 8.16 billion in 2025 and is forecast to climb to USD 10.47 billion by 2030, advancing at a 5.12% CAGR between 2025 and 2030. Growth reflects the material’s versatility, rising preference for recyclable solutions, and the steady replacement of PVC in food-contact applications. Surging e-commerce volumes, brand demand for 360-degree graphics, and the rapid roll-out of automation-ready thin-gauge cross-linked grades are expanding addressable use-cases for the polyolefin shrink film market. Across regions, Asian manufacturers scale capacity to serve export-oriented consumer goods, while North American converters emphasize tamper-evident wraps that build consumer trust. In Europe, policy pressure accelerates adoption of films containing post-consumer recycled (PCR) feedstock, encouraging proprietary blends that match both performance and recycling targets.

Key Report Takeaways

  • By type, general shrink film led with 54% of polyolefin shrink film market share in 2024; cross-linked grades are projected to post a 6.88% CAGR through 2030. 
  • By material type, polyethylene controlled 57% of polyolefin shrink film market share in 2024, while polypropylene is set to register a 7.21% CAGR to 2030. 
  • By layer structure, multilayer constructions captured 52% share of the polyolefin shrink film market size in 2024 and are forecast to expand at a 6.95% CAGR to 2030. 
  • By application, food and beverage accounted for 42% share of the polyolefin shrink film market size in 2024, whereas pharmaceuticals will advance at an 8.99% CAGR between 2025 and 2030. 
  • By geography, Asia Pacific commanded 38% of polyolefin shrink film market share in 2024 and is poised for 7.1% CAGR growth through 2030.

Segment Analysis

By Type: Cross-linked films redefine performance expectations

General shrink film held the largest 54% polyolefin shrink film market share in 2024, underpinned by affordability and wide processing windows. The segment’s clarity and ease of printing keeps it entrenched in food multipacks and promotional bundles across supermarkets. Yet converters increasingly upsell cross-linked grades where puncture resistance, scuff holdout and thinner profiles allow faster line speeds without wrap failure.

Cross-linked output is forecast to grow at a 6.88% CAGR from 2025 to 2030 as pharmaceutical blister bundles, boxed cosmetics and electronics seek lower sealing temperatures that protect heat-sensitive contents. Expanded capacity in Asia and North America narrows the price delta, encouraging switchovers that stretch the polyolefin shrink film market beyond traditional displays.

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By Material Type: Polypropylene accelerates premium adoption

Polyethylene maintained a commanding 57% stake within the polyolefin shrink film market size in 2024, driven by transparency and cost competitiveness. Multi-layer PE blends permit tight seals even at low oven dwell times, making them a staple in beverage can dernests and produce trays. Processors now incorporate PCR streams to comply with brand circularity pledges without diluting optical properties.

Polypropylene is expected to rise 7.21% annually to 2030, buoyed by higher stiffness, chemical inertness and elevated heat-deflection points desirable for retorted foods and medical kits. New five-layer co-extruders co-blend PP with elastomer tie layers, retaining gloss while boosting tear resistance. This premium mix separates converters from commoditised PE offerings within the polyolefin shrink film market.

By Layer Structure: Multilayer engineering multiplies functionality

Multilayer architectures captured 52% of the polyolefin shrink film market size in 2024, supported by 6.95% CAGR prospects through 2030. Tailored barrier layers block oxygen or moisture, while surface skins dial in sealability and high-definition ink anchorage. Brands use proprietary barrier cocktails to extend ambient shelf life for sauces and dairy sticks without secondary cartons.

Monolayer films remain cost-efficient for low-risk parcels but struggle when cross-border shipping demands superior toughness. Advances in co-extrusion allow seven-layer films that still qualify for mechanical recycling streams when kept within the polyolefin family, as demonstrated by Woolworths’ recyclable beverage sleeves. This balance positions multilayer solutions as the go-to choice for next-generation compliance within the polyolefin shrink film market.

By Application: Pharmaceuticals take growth spotlight

Food and beverage preserved 42% share of the polyolefin shrink film market size in 2024 by wrapping multipacks, fresh produce punnets and shelf-ready trays. Processors continually down-gauge gauge to cut resin usage while adding anti-fog additives that maintain see-through appeal. Regulatory bans on PVC cling in Europe accelerate substitution toward cleaner-burning polyolefin grades.

Pharmaceutical use will surge at an 8.99% CAGR as blister cards, injectable vials and diagnostic kits mandate tamper evidence and readability of barcodes through clear film. COVID-19 vaccine rollout elevated packaging scrutiny, cementing polyolefin as the secure yet transparent enclosure for unit doses. Brand owners also exploit the expansive printable area to communicate authentication holograms, adding intangible value in the polyolefin shrink film market.

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Note: Segment Share of all individual segments available upon report purchase

Geography Analysis

Asia Pacific dominated the polyolefin shrink film market with 38% revenue contribution in 2024, and its projected 7.10% CAGR remains the fastest globally. China’s entrenched extruder base partners with multinational FMCG packers, while India’s rigid packaging boom responds to urban retail growth. Regional converters foster in-house plateless digital presses, enabling swift private-label promotion campaigns that capture domestic e-commerce surges.

Japan and South Korea focus on high-barrier multilayer technology, supplying niche cross-linked rolls for export pharmaceuticals; domestic demand leans on automation-ready thin gauges that fit compact factory footprints. Association grants channel R&D tax credits toward energy-efficient shrink ovens, reinforcing adoption inside the polyolefin shrink film market.

North America constitutes a mature yet innovation-led arena powered by the United States’ omnichannel retail ecosystem. Canada and Mexico complement regional supply through proximity to resin production and tariff-favoured trade corridors, anchoring resilience against price swings.

Europe balances stringent regulatory oversight with high purchasing power. Circular economy directives push converters to certify recyclability and shift toward PCR blends by 2027. Germany, Italy and the United Kingdom represent core demand clusters owing to strong beverage, confectionery and pharmaceutical output. Southern and Eastern member states gradually catch up as retail chains harmonise packaging briefs across the bloc.

South America and the Middle East & Africa present smaller but increasingly attractive frontiers. Brazil leverages a robust petrochemical base to serve Mercosur neighbours, while Saudi Arabia’s Vision 2030 encourages downstream polymer investments that extend the reach of the polyolefin shrink film market into Gulf Cooperation Council markets.

Polyolefin Shrink Film Market
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Competitive Landscape

The polyolefin shrink film market is moderately consolidated, with the top five players holding less than 50% market share. Key players like Berry Global, Sealed Air, and Klockner Pentaplast integrate extrusion and in-house printing to offer turnkey solutions, emphasizing sustainability through initiatives like Berry's closed-loop pilot. Intertape Polymer Group focuses on PCR content and service networks, while UFlex expands CPP and biaxially oriented polyolefin capacity. Asian competitors leverage local resin but face certification challenges. Strategic alliances in recycled feedstock, co-extrusion, and digital printing are growing. Converters secure resin supplies to manage volatility, and OEMs innovate oven designs for thinner gauges. Success increasingly depends on balancing cost efficiency with sustainability credentials.

Polyolefin (PO) Shrink Films Industry Leaders

  1. Berry Global Inc.

  2. Sigma Plastics Group

  3. SABIC

  4. Bollore Group

  5. IPG

  6. *Disclaimer: Major Players sorted in no particular order
 Polyolefin Shrink Film Market - Market Concentration
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Recent Industry Developments

  • October 2024: Innovia Films has expanded its floatable polyolefin shrink range by introducing a 45 µm grade to improve material efficiency and a high-shrink variant tailored for contoured bottles. This development is expected to enhance product versatility and drive growth in the polyolefin shrink film market.
  • February 2024: Intertape Polymer Group (IPG) introduced ExlfilmPlus PCR, featuring 35% recycled content for e-commerce wraps. This innovation is expected to drive sustainability trends and influence the polyolefin shrink film market by increasing the adoption of eco-friendly packaging solutions.

Table of Contents for Polyolefin (PO) Shrink Films Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 E-commerce demand for tamper-evident wrap accelerating small-pack use in North America
    • 4.2.2 Shift from PVC to eco-safer POF in European food-contact films
    • 4.2.3 Demand for High-Quality Printing and Branding
    • 4.2.4 Cost-Effectiveness Compared to Alternatives
    • 4.2.5 Automation-ready thin-gauge cross-linked films driving high-speed lines in Asia
  • 4.3 Market Restraints
    • 4.3.1 Escalating PE & PP resin price volatility caused shale-feedstock disruptions in US
    • 4.3.2 Single-use-plastics taxes across Europe targeting shrink over-wrap
    • 4.3.3 Trade-off between downgauging & shrink force limiting adoption in heavy-duty industrial packs
  • 4.4 Value Chain Analysis
  • 4.5 Porter’s Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size & Growth Forecasts (Value)

  • 5.1 By Type
    • 5.1.1 General Shrink Film
    • 5.1.2 Cross-Linked Shrink Film
  • 5.2 By Material Type
    • 5.2.1 Polyethylene (PE)
    • 5.2.2 Polypropylene (PP)
  • 5.3 By Layer Structure
    • 5.3.1 Monolayer
    • 5.3.2 Multilayer
  • 5.4 By Application
    • 5.4.1 Food & Beverage
    • 5.4.2 Industrial Packaging
    • 5.4.3 Personal Care & Cosmetics
    • 5.4.4 Pharmaceutical
    • 5.4.5 Printing & Stationery
    • 5.4.6 Other Applications
  • 5.5 By Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 Italy
    • 5.5.3.4 France
    • 5.5.3.5 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.4.1 Allen Plastic Industries Co., Ltd.
    • 6.4.2 Berry Global Inc.
    • 6.4.3 Bolloré Group
    • 6.4.4 Bonset America Corporation
    • 6.4.5 Clysar, LLC
    • 6.4.6 Cosmo Films
    • 6.4.7 Coveris
    • 6.4.8 FlexiPack
    • 6.4.9 Innovia Films
    • 6.4.10 IPG
    • 6.4.11 Harwal Group of Companies
    • 6.4.12 Hubei HYF Packaging Co., Ltd.
    • 6.4.13 Kaneka Corporation
    • 6.4.14 Klockner Pentaplast
    • 6.4.15 Polyplex Corporation
    • 6.4.16 SABIC
    • 6.4.17 Sealed Air Corporation
    • 6.4.18 Sigma Plastics Group
    • 6.4.19 SYFAN USA
    • 6.4.20 Traco Packaging
    • 6.4.21 Winpak Ltd.

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-Need Assessment
  • 7.2 Rising demand for eco-friendly and recyclable shrink films.
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Global Polyolefin (PO) Shrink Films Market Report Scope

The global polyolefin shrink films market report includes:

By Type General Shrink Film
Cross-Linked Shrink Film
By Material Type Polyethylene (PE)
Polypropylene (PP)
By Layer Structure Monolayer
Multilayer
By Application Food & Beverage
Industrial Packaging
Personal Care & Cosmetics
Pharmaceutical
Printing & Stationery
Other Applications
By Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
By Type
General Shrink Film
Cross-Linked Shrink Film
By Material Type
Polyethylene (PE)
Polypropylene (PP)
By Layer Structure
Monolayer
Multilayer
By Application
Food & Beverage
Industrial Packaging
Personal Care & Cosmetics
Pharmaceutical
Printing & Stationery
Other Applications
By Geography
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is driving the fastest growth segment in the polyolefin shrink film market?

The pharmaceutical segment leads with an 8.99% CAGR to 2030 as stricter tamper-evidence rules and demand for barcode visibility boost adoption of high-clarity, security-grade films.

Which region offers the highest expansion opportunity?

Asia Pacific accounted 38% share in 2024, and will leads with a 7.1% CAGR from 2025-2030, powered by e-commerce, industrialization and capacity additions in China and India.

How are converters addressing sustainability pressures?

Leading firms integrate PCR resin, develop recyclable mono-material multilayers and partner with retailers on store-drop-off schemes to align with EU waste-reduction targets.

Why are cross-linked polyolefin films gaining popularity?

They deliver puncture resistance and allow faster, lower-temperature sealing, which cuts energy use and supports high-speed automation lines in industries such as electronics and pharmaceuticals.

What impact do European plastic taxes have on film demand?

Levies on single-use over-wrap accelerate the shift from PVC to recyclable polyolefin grades and push converters to certify films that exceed 30% recycled content thresholds.

How are resin price fluctuations mitigated?

Producers diversify feedstock sources, negotiate shorter contracts and redesign formulations to use less virgin material, buffering the -0.8% CAGR impact attributed to volatility.

Polyolefin (PO) Shrink Films Market Report Snapshots

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