South Korea Modified Plastics for Charging Pile Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.35 Billion by 2030, growing at a CAGR of 10.8% from 2024 to 2030.
The South Korea Modified Atmospheric Packaging (MAP) market is rapidly evolving, with numerous industries driving its demand due to the growing need for better preservation and enhanced shelf life of products. MAP involves altering the composition of gases within a package to extend the freshness of perishable goods like food, pharmaceuticals, and other sensitive products. As consumers' demand for longer-lasting and fresher products increases, this market has seen significant growth, with diverse industries benefiting from this innovative packaging technology.
The food industry is the leading sector in South Korea’s MAP market, as the need to preserve the quality of food while reducing waste is crucial. Companies are using MAP for products like fresh fruits, vegetables, meats, seafood, and dairy products. The increasing focus on consumer convenience and the rise of e-commerce in the food sector are two key drivers pushing for more effective packaging solutions. This technology helps to maintain product quality, minimize spoilage, and extend shelf life, which is critical for both retailers and consumers.
Pharmaceutical and healthcare industries are also significant contributors to the MAP market in South Korea. With the rising demand for temperature-sensitive drugs, vaccines, and medical supplies, MAP helps ensure the stability and safety of these products during storage and transport. This packaging technique maintains the integrity of products by controlling humidity, oxygen, and other factors, safeguarding the efficacy and potency of critical medicines.
In terms of requirements, the South Korean market demands high-quality, sustainable, and environmentally-friendly materials for MAP. Industries require packaging solutions that not only provide extended shelf life but also comply with local regulations on food safety, environmental sustainability, and consumer protection. The packaging industry is continually innovating to meet these demands, with a focus on integrating advanced barrier films, recyclable materials, and energy-efficient technologies to meet growing environmental concerns.
As more industries realize the benefits of MAP, the South Korea Modified Atmospheric Packaging market is expected to see further expansion. The adoption of this technology across diverse sectors is reshaping how products are packaged, stored, and transported, providing consumers with fresher, safer, and more convenient products.
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SABIC
LG Chem
Royal DSM
Asahi Kasei
Teijin
Dupont
Chang Chun Group
Trinseo
Covestro
Kumho-Sunny
Chimei
Hangzhou BOSOM New Material Technology
Zhonglei Science
Jiangsu Boiln Plastic Industry
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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 Modified Plastics for Charging Pile Market
Polycarbonate
Polyethylene
Polypropylene
ABS (Acrylonitrile Butadiene Styrene)
Other Types
Residential Charging Stations
Commercial Charging Stations
Public Charging Stations
Industrial Charging Stations
Durability
Thermal Resistance
Electrical Insulation
UV Resistance
Flame Retardancy
Electric Vehicle Charging
Automotive
Energy and Utilities
Telecommunications
Others
Plastic Sheets
Plastic Films
Plastic Molding
Plastic Extrusions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Modified Plastics for Charging Pile 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 Modified Plastics for Charging Pile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Modified Plastics for Charging Pile Market, By Type
6. South Korea Modified Plastics for Charging Pile Market, By Application
7. South Korea Modified Plastics for Charging Pile Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Modified Plastics for Charging Pile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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