Systems and methods which provide resource sharing techniques implementing opportunistic shared resource utilization using dynamic traffic shaping are disclosed. Embodiments implement a multi-part transmission frame generation process in which data packets of various different traffic flows are selected for the transmission frame to fill the frame capacity. For example, scheduling logic may apply traffic shaping logic to select data packet queues from which data packets are to be included in a frame and to initially determine a number of packets to be included in the frame from each selected data packet queue according to the traffic shaping logic. Thereafter, the frame may be analyzed to determine if excess capacity remains. The scheduling logic may then apply traffic shaping logic to the data packet queues to implement an opportunistic scheme for including additional data packets in the frame and thereby fill the excess capacity.