Thermal conductivity (TC) of high density polyethylene/multiwall carbon nanotube (HDPE/MWCNT) composite films was measured by laser pulse method. It is found that the TC increased quickly with the increase of MWCNT fraction when the volume fraction of MWCNT was below 3.35%. However,as the volume fraction of MWCNT was over 3.35%,the increasing rate became slow. A new percolation model was proposed based on the effect of MWCNT network to simulate the TC of HDPE/MWCNT composite films. The simulation result was in good agreement the experimental data well. In addition,the relationship of TC with the increase of temperature was also discussed.