The present invention discloses a formula of a PE film, wherein the base material is a polyethylene transparent film, and the matched material is formed by uniformly mixing and combining the following materials: 30-50 parts of metallocene linear low density polyethylene, 20-30 parts of smooth masterbatch, 10-15 parts of an antistatic masterbatch, 5-8 parts of a penetrating promoting agent, 2-5 parts of myrcene, 3-8 parts of a polypropylene resin, 4-8 parts of a styrene-butadiene rubber, 0.5-2 parts of silicone oil, 0.2-0.6 part of stearic acid, 2-5 parts of polyester fiber, 1-2 parts of cellulose acetate, 0.5-1 part of silica gel, 1-2 parts of aluminum oxide, 0.1-0.5 part of dimethylamide, and 1-2 parts of a light stabilizer. The production process comprises: 1, blending a primer; 2, unwinding; 3, coating the material; 4, drying; 5, cooling; 6, detecting; 7, winding; and 8, packaging. According to the present invention, with the formula and the production process of the PE film, the obtained product has characteristics of reasonable design, convenient processing and molding, high strength, high transparency, strong flame retardant performance and strong antibacterial performance, and can emit fragrance so as to make the packaged product have the additional value.