A container/package of filamentary material wound in a coil and encased in heat shrinkable film with a payout tube extending through a payout hole in the container/package, the heat shrinkable film is formed as a pouch having an open end into which the coil is inserted; one end of the shrink wrap material is folded back on itself to form a hand-held cutout; the open end of the pouch is sealed and the shrunk wrap material is heated to seal the coil in the shrunk wrap material while isolating the hand-hold cutout; and the container/package is thus formed with a heat shrunk pouch tightly containing the coil of filamentary material and an attached portion not exposed to heat and not shrunk.