South Korea Shrinkable Polyester Film Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The South Korean shrinkable polyester film market is witnessing a surge in demand as industries continue to adopt it for various applications. Shrinkable polyester films are versatile materials known for their excellent strength, flexibility, and ability to shrink tightly over products when heated. This makes them ideal for packaging, particularly in the food, beverage, and consumer goods industries. The market has expanded significantly in recent years, driven by the rising need for efficient and attractive packaging solutions that also provide enhanced protection for products during transit and storage.
The most common applications of shrinkable polyester film include the packaging of food items, such as beverages, dairy products, and processed foods. These films are also widely used in non-food sectors, including electronics, pharmaceuticals, and retail products. One of the key factors driving the adoption of shrinkable polyester film is its environmental benefits. With growing concerns about sustainability, many industries are turning to polyester films as an eco-friendly alternative to traditional plastic packaging, given its recyclability and lower environmental impact.
The demand for shrinkable polyester films is also being influenced by the rapid growth of e-commerce and the need for robust packaging solutions that ensure product integrity during shipment. As online shopping continues to rise, businesses are increasingly turning to shrinkable films to protect their products from damage and ensure they reach consumers in pristine condition.
Another requirement from industries is the customization of shrinkable polyester films to meet specific needs, such as varying sizes, thicknesses, and printing capabilities. Companies in the beverage industry, for example, often require films that can wrap around irregularly shaped containers, while electronics manufacturers may need films that can resist moisture or static. The ability to offer such customized solutions is crucial for manufacturers looking to capture a larger share of the market.
Furthermore, the growing trend towards automation in manufacturing processes is also boosting the demand for shrinkable polyester films. With advanced machinery that can efficiently apply shrink films at high speeds, industries are able to meet the increasing demand for packaging in a cost-effective and timely manner. This trend is expected to continue, ensuring steady growth in the shrinkable polyester film market in South Korea.
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Mitsubishi Chemical Corporation
SKC
Suzhou Kying Industrial Materials Co
Ltd.
PPI Adhesive Products
Tekra
FENC
3M
Molex
The Hillman Group
Panduit
TE Connectivity
Qualtek
Dicore
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Shrinkable Polyester Film Market
Polyethylene Terephthalate (PET)
Polyester
Polyvinyl Chloride (PVC)
Food Packaging
Pharmaceutical Packaging
Cosmetic Packaging
Industrial Packaging
Below 30 Microns
30 to 50 Microns
Above 50 Microns
Flexographic Printing
Rotogravure Printing
Digi-Printing
Food and Beverage
Healthcare
Consumer Goods
Electronics
Personal Care
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Shrinkable Polyester Film Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Shrinkable Polyester Film Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Shrinkable Polyester Film Market, By Type
6. South Korea Shrinkable Polyester Film Market, By Application
7. South Korea Shrinkable Polyester Film Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Shrinkable Polyester Film Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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