Pallet Wrap Industry in Korea
Pallet Wrap Industry in Korea: Market Overview and Forecast 2025 – 2035
Market Snapshot
The pallet wrap industry in Korea is poised for steady growth, with an expected market valuation of USD 56.8 million in 2025, reaching USD 77.1 million by 2035. This reflects a CAGR of 4.2% during the forecast period. The surge in demand for cost-effective, durable, and biodegradable packaging solutions is driving market expansion, with a significant shift towards eco-friendly and high-strength materials.
| Attributes |
Details |
|---|---|
|
Market Size in 2025 |
US$ 56.8 Million |
|
Projected Market Size by 2035 |
US$ 77.1 Million |
|
CAGR (2025-2035) |
4.2% |
|
Key Growth Drivers |
Rise in eCommerce, Sustainability, Automation in Packaging |
Market Trends Shaping the Industry
- Growing Preference for Biodegradable Wraps: Consumers and businesses are shifting towards biodegradable and recycled pallet wraps to meet stringent environmental regulations.
- Automation in Packaging: The adoption of machine rolls in logistics and manufacturing sectors is accelerating cost-effective, high-speed packaging solutions.
- Expansion of eCommerce & Retail: The demand for strong and flexible wrapping solutions has surged due to the rapid growth of online retail and same-day delivery services.
Segment & Category Analysis
The market is segmented based on product type, material, film type, thickness, end-use industries, and region. The leading segments include:
| Segment |
Market Share (2025) |
Growth Drivers |
|---|---|---|
|
Machine Rolls |
61.5% |
Efficient for automated packaging, preferred by manufacturers |
|
Food & Beverage |
39.8% |
Rising food delivery and takeaway services |
|
Blown Film |
52.3% |
Higher durability and flexibility |
|
Polyethylene-Based Wraps |
47.9% |
Cost-effective and widely used across industries |
Key Growth Regions in Korea
- South Jeolla – Highest demand growth due to expanding logistics and warehouse facilities.
- North Jeolla – Rapid adoption of sustainable pallet wraps.
- Jeju – Growing need for secure food packaging solutions.
Challenges and Restraining Factors
- Environmental Concerns: Non-biodegradable pallet wraps contribute to plastic waste, increasing pressure on manufacturers to adopt sustainable solutions.
- Fluctuating Raw Material Prices: Volatility in polyethylene and polypropylene costs affects production expenses.
- Regulatory Compliance: Stringent government regulations on packaging waste disposal impact market dynamics.
Market Composition & Competitive Landscape
The pallet wrap industry in Korea features a blend of domestic and international players, with major companies investing in research & development, sustainability initiatives, and automation. Leading companies include:
- Intertape Polymer Group Inc.
- Berry Global Inc.
- Coveris
- Anchor Packaging Inc.
- Paragon Films Inc.
- Sigma Stretch Film Corp.
- Scientex Berhad
Frequently Asked Questions (FAQs)
1. What is the forecasted market size of pallet wrap in Korea by 2035?
The industry is projected to reach USD 77.1 million by 2035.
2. Which segment dominates the market?
Machine Rolls lead with a 61.5% market share due to their suitability for automated packaging.
3. What is the impact of eCommerce on pallet wrap demand?
The surge in eCommerce and express delivery services has significantly increased the need for durable pallet wraps.
4. How are sustainability trends influencing the market?
Companies are shifting towards biodegradable, recyclable, and reusable pallet wraps to comply with environmental regulations.
Conclusion & Call to Action
The pallet wrap industry in Korea is witnessing substantial growth due to technological advancements, sustainability initiatives, and booming eCommerce logistics. To capitalize on market opportunities, companies must invest in innovative, high-strength, and eco-friendly packaging solutions.
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