The stretch film industry in Korea is poised for substantial growth up to 2034, with the adoption of this solution in both the South Gyeongsang and North Jeolla regions anticipated to show a robust CAGR of 4.4% through 2034.
The demand for stretch film has evolved into a mainstream industry in Korea, and this trajectory is set to drive the sector to an estimated valuation of US$ 93.6 million in 2024. With a promising outlook and consumers growing reliance on online shopping platforms, the projected demand for stretch film in Korea is expected to reach US$ 144.2 million by 2034.
| Attributes | Details |
|---|---|
| Demand Analysis (2024) | US$ 93.6 million |
| Demand Forecast (2034) | US$ 144.2 million |
| CAGR Estimation (2024 to 2034) | 4.4% |
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South Gyeongsang, renowned for its industrial prowess, is set to be a trailblazer in the stretch film industry. The region's robust manufacturing infrastructure positions it as a hub for innovative production processes. With an emphasis on technological advancements and industrial efficiency, South Gyeongsang is anticipated to lead in the adoption of smart packaging technologies within the stretch film sector.
The region's strategic location and well-established trade connections contribute to its prominence in the global supply chain, fostering growth and collaboration within the stretch film industry.
In North Jeolla, a distinctive focus on sustainability intertwines with the agricultural landscape, shaping the dynamics of the stretch film industry. Recognizing the growing demand for eco-friendly packaging solutions, North Jeolla is poised to champion sustainable practices within the stretch film manufacturing processes.
The region deep-rooted connection to agriculture creates a unique demand for specialized stretch films tailored to the needs of the farming sector. As North Jeolla embraces eco-conscious initiatives, manufacturers in the region are expected to pioneer the adoption of recyclable materials, aligning with global sustainability goals.
The table below highlights how cast and food and beverage will lead the manufacturing process and end-use in 2024.
| Category | Industrial Share in 2024 |
|---|---|
| Cast | 66.7% |
| Food and Beverage | 25.5% |
The cast category is anticipated to emerge as the cornerstone of industrial manufacturing, commanding a substantial share of 66.7% in 2024. This category encompasses diverse processes, including casting metals and materials integral to various industrial applications.
The robust industrial share signifies the widespread utilization of casting techniques in the automotive, construction, and machinery sectors. With its versatile applications and reliability, the Cast category is set to drive the manufacturing landscape, contributing significantly to the production processes.
The Food and Beverage category is poised to exert a notable influence, particularly in the end-use sector, capturing a considerable share of 25.5% in the industrial market in 2024. This underscores this category critical role in the manufacturing chain, extending from production to consumption.
The significant share suggests a growing demand for manufacturing processes dedicated to the food and beverage industry. As consumers increasingly seek diverse and innovative food products, manufacturers in this category are anticipated to provide quality and diverse offerings, shaping the consumer market and driving growth.
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 93.6 million |
| Projected Industry Size in 2034 | US$ 144.2 million |
| Anticipated CAGR between 2024 to 2034 | 4.4% CAGR |
| Demand Forecast for the Stretch Film Industry in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the Stretch Film Industry in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Provinces Analyzed |
|
| Key Companies Profiled |
|
By 2024, the estimated valuation of the Stretch Film industry is US$ 93.6 million in value terms.
The anticipated CAGR for the Stretch Film ecosystem through 2034 is 4.4%.
By 2034, the demand for the stretch film industry will reach US$ 144.2 million.
Cast stretch film is estimated to surpass the valuation of the on-premise model soon.
From 2019 to 2023, the market valuation rose to a CAGR of 3.3%.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material, 2024 to 2034
5.3.1. Polyethylene (PE)
5.3.1.1. High – Density Polyethylene (HDPE)
5.3.1.2. Low – Density Polyethylene (LDPE)
5.3.2. Polyvinyl Chloride (PVC)
5.3.3. Polypropylene (PP)
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Material, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Material, 2024 to 2034
6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Manufacturing Process
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Manufacturing Process, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Manufacturing Process, 2024 to 2034
6.3.1. Cast Stretch Film
6.3.2. Blown Stretch Film
6.4. Y-o-Y Growth Trend Analysis By Manufacturing Process, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Manufacturing Process, 2024 to 2034
7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By End-use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-use, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-use, 2024 to 2034
7.3.1. Constructions
7.3.2. Food and Beverages
7.3.3. Pharmaceutical
7.3.4. Consumer Product
7.3.5. Paper
7.3.6. Textile
7.3.7. Chemicals &Fertilizers
7.4. Y-o-Y Growth Trend Analysis By End-use, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-use, 2024 to 2034
8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
8.3.1. South Gyeongsang
8.3.2. North Jeolla
8.3.3. South Jeolla
8.3.4. Jeju
8.3.5. Rest of Korea
8.4. Market Attractiveness Analysis By Region
9. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Material
9.2.2. By Manufacturing Process
9.2.3. By End-use
9.3. Market Attractiveness Analysis
9.3.1. By Material
9.3.2. By Manufacturing Process
9.3.3. By End-use
9.4. Key Takeaways
10. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Material
10.2.2. By Manufacturing Process
10.2.3. By End-use
10.3. Market Attractiveness Analysis
10.3.1. By Material
10.3.2. By Manufacturing Process
10.3.3. By End-use
10.4. Key Takeaways
11. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Material
11.2.2. By Manufacturing Process
11.2.3. By End-use
11.3. Market Attractiveness Analysis
11.3.1. By Material
11.3.2. By Manufacturing Process
11.3.3. By End-use
11.4. Key Takeaways
12. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Material
12.2.2. By Manufacturing Process
12.2.3. By End-use
12.3. Market Attractiveness Analysis
12.3.1. By Material
12.3.2. By Manufacturing Process
12.3.3. By End-use
12.4. Key Takeaways
13. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Material
13.2.2. By Manufacturing Process
13.2.3. By End-use
13.3. Market Attractiveness Analysis
13.3.1. By Material
13.3.2. By Manufacturing Process
13.3.3. By End-use
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Material
14.3.3. By Manufacturing Process
14.3.4. By End-use
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Cosmo Films Limited
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. PLASTECH CO.,LTD
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Dongwon Chemical Co.,Ltd
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. SHIN HEUNG CHEMICAL CO., LTD
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Berry Global Group, Inc.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. AEP Industries, Inc.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Sigma Stretch Film Corp.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Anchor Packaging, Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Coveris, Inc.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Smurfit Kappa Group
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. Paragon Films, Inc.
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
15.1.12. Four Star Plastics
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.12.5.2. Product Strategy
15.1.12.5.3. Channel Strategy
15.1.13. Griff Paper and Film
15.1.13.1. Overview
15.1.13.2. Product Portfolio
15.1.13.3. Profitability by Market Segments
15.1.13.4. Sales Footprint
15.1.13.5. Strategy Overview
15.1.13.5.1. Marketing Strategy
15.1.13.5.2. Product Strategy
15.1.13.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Stretch Film Industry Analysis in Korea
