From Longman Dictionary of Contemporary Englishshrinkageshrink‧age /ˈʃrɪŋkɪdʒ/ noun [singular, uncountable] SMALLLESSthe act of shrinking, or the amount that something shrinks Pollution led to a shrinkage of grasslands.
Examples from the Corpus
shrinkage• These fears are not groundless, especially fears about audience shrinkage.• The drying out of the soils causes shrinkage, which ultimately leads to a lowering of the land levels.• Such inadequacies were made far worse by something which Vermuyden could not have foreseen: peat shrinkage.• On Romney Marsh, silting of river mouths was worsened by the problem of peat shrinkage.• It is advisable to stiffen the fabric before cutting to shape when using the latter method to allow for any possible shrinkage.• Moreover, the cooling would be uneven, and the resultant shrinkage and warping would leave the structure fissured and cracked.• Wells Fargo had hoped that normal attrition would take care of much of the shrinkage.• This move is intended to stop the shrinkage in the banking industry.• Unfortunately, the shrinkage involves some loss of detail.From Longman Business Dictionaryshrinkageshrink‧age /ˈʃrɪŋkɪdʒ/ noun1[countable, uncountable] the act of shrinking, or the amount that something shrinksThere has been a shrinkage in wage growth, pension coverage, and health insurance coverage.2[uncountable]COMMERCE when goods intended for sale are damaged, stolen by employees etcThe manager of the store is allowed only 1% shrinkage.Shrinkage — or theft — is a very real problem for industry. 