Dongwon Systems Partners with Dow to Advance PCR Shrink Films Market Growth
Published: 27 Mar 2026
Author: Precedence Research
Dongwon Systems Signs Joint Marketing Deal with Dow for Eco-Friendly Shrink Film
The company's Advanced Film Business Division signed a joint marketing agreement with Dow for eco-friendly shrink film. The two companies plan to co-develop and launch shrink film using Dow's post-consumer recycled plastic (PCR) materials.
The initiative aims to shift the domestic shrink film market, used for bundled packaging of bottled water, beverages, and household products, toward eco-friendly materials, which is approximately 500 billion. Converting Dongwon Systems' current orders to eco-friendly shrink film is expected to reduce carbon emissions by approximately 500 tons annually.
According to Towards Packaging, the Post-Consumer Recycled (PCR) Shrink Films Market is projected to experience significant growth, with estimates suggesting the market size will increase from USD 966.27 million in 2026 to approximately USD 1363.45 million by 2035, representing a compound annual growth rate (CAGR) of 3.9% from 2026 to 2035. The main goal is to reduce the use of new fossil fuel-based plastics by using PCR materials for more than 30% of plastic raw materials.
About Dongwon Systemsf
Dongwon Systems has established its Advanced Film Business Division in the last year to develop new business opportunities and is driving advanced materials development and global collaboration.
Dongwon Systems has also launched a new eco-friendly film brand called "Ecopable," a combination of the two words "eco-friendly" and "capable." The brand allows customisation of product characteristics such as transparency, tensile strength, and thickness to meet customer requirements. Continuing with research and development of eco-friendly materials to comply with the EU's Plastic & Plastic Waste Regulation (PPWR), set to take effect in 2030.
A Dongwon Systems official said they are proactively looking for new collaborations with global companies and strengthening global environmental regulations starting in 2030. Having a dream to expand the business overseas markets, including exports of advanced film to Europe.
A recent report by Towards Packaging highlights that the Post-Consumer Recycled (PCR) Shrink Films Market has partnered with Dow to develop eco-friendly shrink film, which is part of a strategy to comply with the EU’s plastic and plastic waste regulation that takes a step to shift the domestic shrink film market toward more sustainable materials.