The Korea stretch film market is poised for steady expansion through 2035, driven by rising demand in logistics, food packaging, and sustainable materials amid growing e-commerce and environmental regulations. The Korea stretch film market is anticipated to be valued at USD 97.7 million in 2025. It is expected to grow at a CAGR of 4.27% during the forecast period and reach a value of USD 148.4 million in 2035.
The FMI report, “Stretch Film Industry Analysis in Korea: Market Size, Share, and Forecast 2025–2035,” highlights that revenues will increase by over USD 50 million over the decade, propelled by innovations in biodegradable films, automated wrapping technologies, and eco-friendly packaging solutions across key industries.
A Decade of Growth Driven by Sustainability and Innovation:
From 2025 to 2030, the market is expected to grow by approximately USD 23 million, fueled by the shift toward ultra-thin, high-strength films and biodegradable alternatives in response to stricter plastic waste regulations. Between 2030 and 2035, FMI anticipates an additional USD 27.7 million in growth, as closed-loop recycling models and AI-integrated packaging systems gain traction.
“Korea’s stretch film sector is evolving rapidly with a focus on reducing environmental impact while enhancing efficiency,” said an FMI research analyst. “Biodegradable and recyclable films are not just trends—they’re becoming essential for compliance and competitiveness in e-commerce and food sectors.”
Stretch Film Key Market Insights at a Glance:
- Metric – Korea
- Estimate Market Value (2025) – USD 97.7 million
- Forecast Value (2035) – USD 148.4 million
- CAGR – 4.27%
- Top Manufacturing Process – Cast Stretch Film (67.5% share)
- Dominant End-Use – Food and Beverages (26.3% share)
- Leading Material – Polyethylene (PE)
South Korea: A Hub for Sustainable Packaging Innovation
The report underscores South Korea’s role as a leader in Asia’s packaging evolution, with the market benefiting from robust logistics networks and a push for green solutions. The food and beverage segment, holding 26.3% market share in 2025, drives demand for hygienic, barrier-enhanced films that extend shelf life and minimize waste. E-commerce growth further amplifies the need for secure, tamper-proof wrapping.
Consumer trends favor ultra-thin films that optimize material use and eco-friendly options like corn starch-based compostables, aligning with national sustainability goals.
Five Forces Driving Market Expansion:
Sustainability Regulations: Tighter laws on plastic waste are accelerating adoption of recyclable and biodegradable stretch films. E-Commerce Surge: Increased online retail demands efficient, protective packaging for last-mile delivery. Technological Advancements: Automated wrapping and nano-layered films improve elasticity, puncture resistance, and load stability. Food Safety Standards: Innovations in antimicrobial and food-grade films enhance product freshness and contamination protection. Industrial Automation: AI-driven systems and intelligent films boost supply chain efficiency and reduce material consumption.
Korea Stretch Film Market Segment Overview:
By Material: Polyethylene (PE), including HDPE and LDPE, dominates due to its stretchability, recyclability, and puncture resistance, ideal for pallet wrapping and food insulation. PVC excels in cling and transparency for food applications, while PP offers tensile strength for industrial uses.
By Manufacturing Process: Cast stretch films lead with 67.5% share in 2025, prized for clarity, recyclability, and uniform thickness in logistics and manufacturing.
By End-Use: Food and beverages top the market at 26.3%, followed by pharmaceuticals, consumer products, and chemicals & fertilizers, where films ensure safety and efficiency.
By Sub-Region: South Gyeongsang and North Jeolla are key growth areas, supported by industrial hubs, while Jeju and South Jeolla benefit from agriculture and tourism-related packaging needs.
Korea Stretch Film Market Regional Overview:
South Gyeongsang: Strong manufacturing base drives demand for industrial films. North Jeolla: Focus on food processing boosts hygienic packaging adoption. South Jeolla: Agricultural applications emphasize durable, eco-friendly wraps. Jeju: Tourism and exports fuel lightweight film usage. Rest of Korea: Urban e-commerce centers lead in innovative solutions.
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Korea Stretch Film Market Competitive Landscape:
- Cosmo Films Limited
- PLASTECH CO., LTD
- Dongwon Chemical Co., Ltd
- SHIN HEUNG CHEMICAL CO., LTD
- Berry Global Group, Inc.
- AEP Industries, Inc.
- Sigma Stretch Film Corp.
- Anchor Packaging, Inc.
- Coveris, Inc.
- Smurfit Kappa Group
- Paragon Films, Inc.
- Four Star Plastics
- Griff Paper and Film
The market is fragmented, with leaders like Daelim Industrial, SK Global Chemical, and LG Chem innovating in biodegradable options. Strategic partnerships and advanced extrusion technologies help maintain edge in sustainability-focused competition.
Korea Stretch Film Market Outlook: Wrapping the Future Sustainably:
Over the next decade, Korea’s stretch film market will prioritize eco-innovation, integrating bio-based polymers and smart tracking to meet global standards. “As industries embrace circular economies, stretch films will evolve from protective layers to intelligent, low-impact solutions,” the FMI analyst noted. “Manufacturers investing in R&D will lead this transformative shift.”
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