South Korea Box Overwrap Films Market was valued at USD 0.30 Billion in 2022 and is projected to reach USD 0.45 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The South Korea Box Overwrap Films Market has witnessed a substantial surge in demand due to various industry applications. These films, primarily used for packaging products such as food, electronics, and cosmetics, serve as a protective layer that enhances product shelf life, improves aesthetics, and provides crucial product information. The Box Overwrap Films Market in South Korea is influenced by several key factors, including technological advancements, increasing consumer demand for high-quality packaging, and a shift towards sustainable packaging solutions.
Industries in South Korea, especially food and beverage, have seen a marked rise in the need for Box Overwrap Films. The film provides crucial protection against moisture, contaminants, and damage during transportation and storage. For food packaging, it helps maintain freshness and extends the shelf life of perishable goods. Electronics manufacturers also rely heavily on Box Overwrap Films to safeguard products from dust, scratches, and other potential damages. Cosmetics companies also take advantage of these films for both protective purposes and to enhance the aesthetic appeal of their products.
The packaging requirements in South Korea are growing more sophisticated, with a preference for films that offer customization options. Companies demand films that can be tailored in terms of size, thickness, and printing features to align with branding needs. The Box Overwrap Films Market is increasingly driven by innovations in biodegradable and recyclable materials, meeting the growing environmental concerns of consumers and regulatory bodies.
Moreover, industries seek Box Overwrap Films that are durable, cost-effective, and easy to apply, ensuring that the packaging process is both efficient and effective. The increasing demand for eco-friendly packaging solutions also prompts manufacturers to innovate, leading to a rise in demand for sustainable, biodegradable Box Overwrap Films. As these films continue to evolve, the South Korean market remains poised for growth, driven by technological advancements and evolving consumer preferences.
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Terichem AS
CCL Industries
Jindal Films
Taghleef Industries
Cosmo Films
Uflex
Berry Global
Futamura Group
Irplast SpA
Transcendia
SIBUR International
Garware Polyester
Treofan Group
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 Box Overwrap Films Market
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyester (PET)
Barrier Films
Below 30 microns
30 to 50 microns
50 to 100 microns
Above 100 microns
Food and Beverage
Pharmaceuticals
Cosmetics and Personal Care
Consumer Goods
Electronics
Rotogravure Printing
Flexographic Printing
Digital Printing
Offset Printing
Food Packaging
Industrial Packaging
Retail Packaging
Personal Care Packaging
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Box Overwrap Films 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 Box Overwrap Films Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Box Overwrap Films Market, By Type
6. South Korea Box Overwrap Films Market, By Application
7. South Korea Box Overwrap Films Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Box Overwrap Films Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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