Global Cross Linked Shrink Films
Market Report
2025
The Global Cross Linked Shrink Films market size was USD 1.6 billion in 2022. Cross Linked Shrink Films Industry's Compound Annual Growth Rate will be 5.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Cross Linked Shrink Films market size was USD 1.6 billion in 2022. Cross Linked Shrink Films Industry's Compound Annual Growth Rate will be 5.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Cross Linked Shrink Films Market Sales Revenue 2022 | $ 1.6 Billion |
Global Cross Linked Shrink Films Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Product |
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Market Split by End-User |
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Market Split by Material |
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Market Split by Thickness |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Cross Linked Shrink Films Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Flexible packaging materials with cross-links in the shrink film are used for various tasks. Cross-linked shrink films are made from polypropylene or polyethylene (LDPE or HDPE). The hardness, exceptional strength, puncture resistance, and tear resistance of these cross-linked shrink films are only a few of their notable qualities. These movies also respect the environment and are user-friendly. Cross-linked shrink films feature strong puncture and tear resistance capacities, outstanding strength, resistance capacity, toughness, and other qualities that drive up demand for this film in the intended market. Continuous research and development is expected to promote product adoption by enhancing aesthetics, physical characteristics, and processing durability in target industries. The market growth is predicted to be boosted by this. Additionally, several product advancements, such as the creation of innovative variations with a high-gloss surface, enhanced barrier and airtight sealing capabilities, and ease of printing, are supporting the market's expansion in the years to come.
(Source: www.clearpack.com/news/Clearpack%20receives%20E-50%20Award_Media%20Coverage.pdf)
Product Protection Advantage of Cross-linked Shrink Films will Drive Future Market Expansion
"Product protection" refers to the procedures and supplies used to protect goods from potential harm or quality compromises caused by numerous external causes. At the same time, they are being handled, stored, or transported. Cross-linked shrink films protect products from physical impacts, abrasion, and harsh handling by creating a sturdy and secure barrier around them. This is crucial during shipment since products may come into contact with other products or surfaces. Furthermore, these coatings provide a moisture-resistant barrier that blocks moisture or moisture-containing air passage. This is essential for objects like electronics, paper products, and food that dampness might harm. Additionally, cross-linked shrink films produce a sealed barrier that protects products from pollutants, dirt, and dust. This is especially useful for things that will be kept or exhibited on store shelves for a long time.
Cost factors are a significant market limitation for cross-linked shrink films across sectors. Sometimes it costs more to create cross-linked shrink films than conventional packaging materials like polyethylene. The more expensive prices can be due to the unique manufacturing procedures and raw materials needed for cross-linking. For organizations contemplating using these films for their packaging requirements, this could result in higher initial material prices. Furthermore, advanced technology and specialized equipment are frequently used to produce cross-linked shrink films, which adds to the complexity of the manufacturing process. Due to this complexity, these increased production costs may be passed on to customers or end users.
The COVID-19 pandemic affected practically all manufacturing businesses except those in the food and pharmaceutical sectors. As the virus spreads, many operations—including commercial ones—are shut down. The pandemic caused a slowdown in trade activity, which affected several markets, including the market for cross-linked shrink films. The market for cross-linked shrink films was unaffected by the COVID-19 epidemic because of its extensive use in the pharmaceutical and food and beverage sectors. However, the demand for cross-linked shrink film decreased throughout the anticipated time as a result of lower shipping and operation.
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Major corporations employ a range of strategies, including partnerships, mergers, acquisitions, and the creation of new products, to stay one step ahead of the competition and boost their market share and profits.
(Source: clysar.com/shrink-films/evo-recyclable-films/)
(Source: www.itape.com/products/packaging-films/packaging-films-shrink-film/)
Top Companies Market Share in Cross Linked Shrink Films Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2022 due to the growing need for cross-linked shrink films in consumer product packaging, including toys, furniture, recreational boats, sporting goods, musical instruments, and home appliances. Additionally, given that the food and beverage, pharmaceutical, cosmetic, and other industries are seeing an increase in product innovation and need packaging materials to preserve their products, the United States, a developed and mature market, is predicted to create sales of cross-linked shrink films.
On the other hand, Asia Pacific is anticipated to be the fastest growing region over the forecast period. This is because cross-linked shrink film is becoming increasingly popular in this area. The Asia-Pacific region dominates the cross-linked shrink film market, with China dominating the import and export of food and beverage items there. China is the market leader in the Asia-Pacific region as a result of the ease of product import and export.
The current report Scope analyzes Cross Linked Shrink Films Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Cross Linked Shrink Films Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cross Linked Shrink Films Industry growth. Cross Linked Shrink Films market has been segmented with the help of its Product, End-User Material, and others. Cross Linked Shrink Films market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, a specialized packing material called anti-fog cross-linked shrink films was created to solve the fogging problem on package surfaces, especially when temperature changes result in condensation.
Furthermore, a particular kind of shrink film called low-temperature cross-linked shrink film is made to shrink and conform to packaging at lower temperatures than conventional shrink film. Whereas conventional heat shrink films would not be appropriate due to the risk of product damage, low-temperature cross-linked shrink films find uses in various industries.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cross Linked Shrink Films Industry. Request a Free Sample PDF!
The food & beverages category dominated the market in 2022. The largest application for stretch films was in the food and beverage industry due to the rise in demand for packaged foods such as ready-to-eat meals, frozen meals, snack foods, and bakery goods. Additionally, an increase in demand is anticipated for packaging fresh and frozen food items like meat, fruits, and vegetables.
Furthermore, the pharmaceutical category is the fastest growing over the forecast period. Pharmaceutical products can be packaged in a tamper-evident way, ensuring they are kept sealed and safe. To secure medicines against tampering or unauthorized access, this is essential for ensuring their integrity and validity.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, the polyethylene category led the market. The material that is most frequently used in industries including food and beverage, marine, medicine, and others is polyethylene (PE). Additionally, PE cross-linked shrink film is frequently seen to be more affordable than other cross-linked shrink film materials, making it a desirable choice for companies looking for economical packaging solutions.
However, Low-Density Polyethylene (LDPE) is an extensively utilized polymer type in the market for cross-linked shrink films. Being flexible, LDPE is a popular choice for making cross-linked shrink films. These films can precisely mold themselves to a product's shape, producing a tight fit that improves product protection and display.
According to Cognitive Market Research, cross-linked shrink films between 12 and 15 microns thick are quite thin and are frequently utilized in various packaging applications. Thinner films are more flexible, transparent, and economical while offering some protection to the packaged goods.
Additionally, films of over 25 microns are significantly thicker and frequently utilized in applications that call for more protection, durability, and strength. Additionally, thicker films better protect moisture, UV rays, and other elements for objects stored outside or in difficult climatic conditions.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Cross Linked Shrink Films Market is witnessing significant growth in the near future.
In 2023, the Anti-Fog Cross-linked shrink films segment accounted for noticeable share of global Cross Linked Shrink Films Market and is projected to experience significant growth in the near future.
The Food and Beverage segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Intertape Polymer Ltd (US) , Syfan (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Product | Anti-Fog Cross-linked shrink films, Low-Temperature Cross-linked shrink films |
End-User | Food and Beverage, Personal Care and Cosmetics, Household, Pharmaceutical |
Material | Polyethylene, HDPE, LDPE, Polypropylene, BOPP, CPP |
Thickness | Less than 12 Microns, 12-15 Microns, 16-25 Microns, Above 25 Microns |
List of Competitors | Intertape Polymer Ltd (US), Bollore Group (France), Syfan (US), SABIC (Saudi Arabia), Schlichter GmbH (Germany), New Pack Ltd. (UK), Ervisa.com (US), Bagla Group (India), Clearpack Singapore Pte Ltd. (Singapore), Shenyang Weiming Technology Co. Ltd (China), Zhejiang Zhongcheng Packing Material Co. Ltd. (China), HuanYuan Plastic Film Co. Ltd.(China), Yorkshire Packaging Systems (UK), WM Technology (US), Jiaxing Reliable Packaging Technology Co., Ltd (China), Ace Products (US) |
This chapter will help you gain GLOBAL Market Analysis of Cross Linked Shrink Films. Further deep in this chapter, you will be able to review Global Cross Linked Shrink Films Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Material Analysis 2019 -2031
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Chapter 13 Market Split by Thickness Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cross Linked Shrink Films market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Anti-Fog Cross-linked shrink films have a significant impact on Cross Linked Shrink Films market? |
What are the key factors affecting the Anti-Fog Cross-linked shrink films and Low-Temperature Cross-linked shrink films of Cross Linked Shrink Films Market? |
What is the CAGR/Growth Rate of Food and Beverage during the forecast period? |
By type, which segment accounted for largest share of the global Cross Linked Shrink Films Market? |
Which region is expected to dominate the global Cross Linked Shrink Films Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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