Concrete shrinkage is a volume change that can occur either autogenously or induced, leading to cracks and affecting the material's long-term strength and durability. Different types of shrinkage include plastic, drying, autogenous, and carbonation shrinkage, each with distinct causes and characteristics. Plastic shrinkage cracks may occur soon after placement due to drying, while drying shrinkage results from moisture loss after setting, potentially leading to tensile stress and cracking.