The KSL cross-linked shrink film is used in several application industries including food, beverage, industrial packaging, pharmaceuticals and consumer goods. In addition, it finds applications in cosmetics & toiletries, multimedia, packaging of toys & sporting goods and promotional items. Increasing use of the product in the food industry is expected to drive demand.

There is a high demand for fresh produce, and ready-to-eat products among the consumers are developed and developing economies. As crosslinked  packaging is widely used for food packaging, the demand for the product is expected to grow in fresh and packaged food applications over the forecast period.

Industrial packaging is expected to grow at a CAGR of 5.9% in terms of revenue on account of the growing demand from construction and automotive industries. Tidy, durable and waterproof packaging solution offered by the crosslinking films is expected to propel the product demand in industrial packaging applications over the forecast period.

www.ksl-crosslink.com