Global PET Shrink Film market Research Report: Industry Size, Share & Trends Forecast 2025–2030



Global PET Shrink Film market continues to demonstrate robust expansion, with increasing applications in food & beverage packaging, consumer goods, and industrial sectors. Valued at US$ 2.45 billion in 2023, the market is projected to grow at a CAGR of 5.8% through 2030, driven by rising demand for sustainable packaging solutions and technological advancements in film manufacturing.

PET shrink films are increasingly replacing traditional PVC films due to their superior clarity, recyclability, and mechanical properties. The material's ability to maintain product integrity while reducing packaging waste aligns with global sustainability initiatives, prompting brand owners and retailers to adopt PET solutions across supply chains.

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Market Overview & Regional Analysis

Asia-Pacific commands 42% of global PET shrink film consumption, with China, Japan, and India leading adoption. The region's dominance stems from massive food processing industries and rapid growth in organized retail. North America follows closely, where pharmaceutical and beverage industries increasingly utilize high-clarity PET films for tamper-evident packaging solutions.

Europe shows strong growth in bio-based PET films, supported by stringent EU packaging regulations. Emerging markets in Latin America and Africa present untapped potential, though infrastructure limitations currently constrain market penetration. The Middle East is witnessing accelerated demand, particularly for industrial applications in petrochemical packaging.

Key Market Drivers and Opportunities

The market's upward trajectory is powered by three dominant factors: the global shift toward recyclable packaging materials, expansion of ready-to-eat food sectors, and innovations in multi-layer film technologies. The food industry accounts for nearly 62% of total PET shrink film usage, with beverages contributing another 23%.

Significant opportunities exist in developing thinner, higher-performance films that maintain strength while reducing material usage. The emergence of anti-fog and high-barrier PET films has opened new applications in fresh food packaging. Meanwhile, brand owners' growing emphasis on shelf appeal continues to drive investments in advanced printing technologies compatible with PET substrates.

Challenges & Restraints

Despite strong growth prospects, the industry faces headwinds including volatile raw material prices, particularly for purified terephthalic acid (PTA) and monoethylene glycol (MEG). Environmental concerns regarding plastic waste have led to increased regulatory scrutiny, with multiple jurisdictions implementing extended producer responsibility (EPR) schemes.

Additionally, the market contends with competition from alternative materials like polyolefin shrink films and the growing popularity of flexible pouches. Supply chain complexities in emerging markets and the high capital intensity of production facilities further challenge industry participants.

Market Segmentation by Type

  • Low Shrink Film (Up to 20% shrinkage)
  • Medium Shrink Film (20%-50% shrinkage)
  • High Shrink Film (50%-80% shrinkage)

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Market Segmentation by Application

  • Food & Beverage Packaging
  • Consumer Goods Packaging
  • Pharmaceutical Packaging
  • Industrial Packaging
  • Other Applications

Market Segmentation and Key Players

  • Amcor plc
  • Berry Global Inc.
  • Sealed Air Corporation
  • Klockner Pentaplast
  • DUO PLAST AG
  • Bonset America Corporation
  • Sigma Plastics Group
  • Coveris Holdings S.A.
  • Polibak Plastik
  • Tri-Cor Packaging
  • Buergofol GmbH
  • Bischof + Klein SE & Co. KG
  • Fuji Seal International Inc.
  • Nan Ya Plastics Corporation
  • Innovia Films Limited

Report Scope

This comprehensive market analysis provides strategic insights into the PET Shrink Film industry from 2023 through 2030, featuring:

  • Market size estimations with historic and projected growth trends
  • Detailed segmentation by product type, application, and region
  • Competitive landscape analysis with market share data
  • Technology trends and innovation outlook
  • Supply chain and value chain analysis

The report incorporates primary research findings from industry leaders and secondary data analysis, offering actionable intelligence for stakeholders across the PET shrink film ecosystem.

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About 24chemicalresearch

Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.

  • Plant-level capacity tracking
  • Real-time price monitoring
  • Techno-economic feasibility studies

With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.

International: +1(332) 2424 294 | Asia: +91 9169162030

Website: https://www.24chemicalresearch.com/

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