Shrink wrap gift bag and method of manufacturing the same

In combination,

• a gift box;
• and
• a heat shrinkable gift bag for enclosing said gift box, said heat shrinkable gift bag comprising a monolithic sheet of heat shrinkable opaque polyvinyl chloride film, said sheet of heat shrinkable film having a gauge thickness of about 90 gauge, said sheet of heat shrinkable film having a balanced shrink ratio in x and y orientations of said film to provide a uniform and consistent shrink profile upon the application of heat thereto, said sheet of film having an activated shrink temperature of about 140° F., said sheet of heat shrinkable film having inner and outer surfaces, said sheet of heat shrinkable film having a decorative pattern printed on said outside surface, said heat shrinkable plastic film being formed into a side-weld bag wherein said inner surface of said film is folded over on itself along a transverse line to define a rear bag panel and a front bag panel, said front bag panel being shorter than said rear bag panel to thereby form an extended lip, said front and rear bag panels being welded along opposing side edges thereof to thereby provide a closed bottom end, closed side edges and an open top end forming a mouth of said heat shrinkable gift bag,
• said heat shrinkable gift bag further comprising a self-adhesive strip disposed on said extended lip for use in closing the mouth of the bag,
• said gift box having predetermined dimensions, and said gift bag having corresponding predetermined dimensions which are about 20 percent larger than said dimensions of said gift box wherein said gift box can be loosely accommodated within said gift bag for wrapping thereof, said gift bag shrinking to snugly and tightly engage said gift box upon the application of heat thereto.