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Transit Packaging in South Korea Trends and Forecast

The future of the transit packaging market in South Korea looks promising with opportunities in the consumer good, third-party logistic, pharmaceutical, industrial machinery & equipment, electrical & electronic, food & beverage, building & construction, and automotive markets. The global transit packaging market is expected to reach an estimated $146.1 billion by 2031, with a CAGR of 12.6% from 2025 to 2031. The transit packaging market in South Korea is also forecasted to witness strong growth over the forecast period. The major drivers for this market are increasing manufacturing and global trade, the rapid rise of online shopping, and growing awareness about environmental issues.

• Lucintel forecasts that, within the packaging type category, cartons will remain the largest segment over the forecast period because they improve material handling efficiency.
• Within the end use category, food & beverage will remain the largest segment due to the development of new products like flexible and rigid intermediate bulk containers as well as intermediate bulk containers.

Transit Packaging Market in South Korea Trends and Forecast

Emerging Trends in the Transit Packaging Market in South Korea

South Korean transit packaging market is undergoing significant transformation driven by technological innovation, shifting consumer behavior, and a rising focus on sustainability. As e-commerce accelerates, demand for efficient and protective packaging has increased, prompting companies to invest in smart and eco-friendly solutions. Additionally, regulatory reforms and export-oriented logistics are compelling businesses to enhance packaging durability and compliance. These trends are shaping packaging strategies across multiple industries, from electronics and automotive to pharmaceuticals and food. The emphasis is now on creating solutions that are not only functional but also environmentally responsible and aligned with global trade and digital ecosystems.

• Smart Packaging Integration in Supply Chains: Smart packaging technologies such as RFID tags, QR codes, and IoT-enabled sensors are being integrated into transit packaging to enhance traceability and monitor product conditions during transport. This innovation is helping companies gain real-time visibility into logistics operations, which improves inventory management, reduces losses, and enhances security. In South Korea, the adoption of smart packaging is being driven by the countries advanced IT infrastructure and demand for high-quality assurance, particularly in the electronics and pharmaceutical sectors. This trend is promoting supply chain transparency and supporting data-driven logistics decisions.
• Sustainable and Eco-Friendly Packaging Materials: There is increasing emphasis on using recyclable, biodegradable, and reusable materials in transit packaging. Driven by South Korean national environmental policies and consumer demand for green products, companies are actively shifting away from single-use plastics. The development of paper-based alternatives, reusable crates, and compostable films reflects a larger push toward circular packaging models. This trend is encouraging innovation across the packaging value chain, with manufacturers exploring ways to balance environmental performance with cost and durability in transit.
• E-commerce-Driven Customization and Lightweight Packaging: South Korean e-commerce boom has created strong demand for lightweight, compact, and customizable transit packaging. Businesses are focusing on right-sizing packaging to optimize shipping costs, reduce waste, and enhance unboxing experiences. Automation and on-demand packaging solutions are also being adopted to handle varied parcel sizes and shapes efficiently. This trend is particularly relevant in a market where online shopping and fast delivery are the norm, requiring packaging that supports speed, protection, and branding simultaneously.
• Adoption of Reusable Transit Packaging in Industrial Logistics: Manufacturers and logistics providers in South Korea are increasingly turning to reusable transit packaging systems, especially in the automotive, electronics, and chemical sectors. These systems include durable containers, pallets, and crates that can be used repeatedly in closed-loop supply chains. Reusable solutions help lower long-term costs, reduce environmental impact, and support automation in warehouse operations. The trend reflects a shift toward sustainable, performance-oriented logistics infrastructure that reduces reliance on disposable packaging.
• Growth of Temperature-Controlled and Protective Packaging Solutions: With increasing exports of perishable goods, pharmaceuticals, and high-value electronics, demand for temperature-controlled and protective packaging is rising. Companies are adopting insulated packaging, shock-absorbing materials, and moisture-resistant coatings to ensure product integrity during transit. This trend is particularly important in South Korean export economy, where maintaining product quality over long shipping routes is critical to global competitiveness.

Emerging trends in South Korean transit packaging market reflect a convergence of innovation, sustainability, and digitalization. From smart tracking systems and reusable containers to eco-friendly materials and temperature-controlled packaging, these developments are redefining packaging strategies across industries. The trends are enhancing supply chain visibility, reducing waste, improving customer satisfaction, and aligning with global environmental and trade standards. As South Korea continues to innovate and adapt, its transit packaging sector is poised to become more agile, efficient, and future-ready, supporting both domestic growth and international logistics excellence.

Recent Developments in the Transit Packaging Market in South Korea

The transit packaging market in South Korea is experiencing dynamic changes driven by shifts in consumer demand, sustainability regulations, and digital transformation in supply chains. Businesses are rethinking traditional packaging methods to accommodate faster delivery cycles, increased exports, and the need for environmental responsibility. These developments reflect a strategic alignment with global trends in logistics efficiency and material innovation. As a result, the South Korean market is witnessing structural shifts across sectors like e-commerce, manufacturing, and cold chain logistics, reshaping the way goods are packaged, handled, and transported.

• Expansion of Cold Chain Logistics Infrastructure: South Korea has witnessed a strong push toward expanding its cold chain logistics network to meet growing demand for temperature-sensitive goods such as pharmaceuticals, fresh produce, and seafood. This development has prompted innovations in insulated and protective transit packaging. The focus has shifted to designing packaging that maintains product integrity under varying climate conditions during long-haul transport. It has also encouraged collaboration between packaging providers and logistics companies to ensure that cold chain compliance is met at every stage of distribution. This has improved the efficiency and safety of temperature-controlled shipments nationwide.
• Increased Investment in Returnable Transit Packaging Systems: As sustainability becomes a core business priority, companies in South Korea are investing in returnable and reusable packaging systems. These systems, including durable crates, foldable containers, and stackable pallets, are being implemented to reduce packaging waste and lower lifecycle costs. The shift toward returnable packaging is especially prominent in sectors like electronics, automotive, and industrial manufacturing, where high-volume shipments require cost-effective and eco-conscious solutions. This approach not only supports waste reduction goals but also streamlines logistics processes by creating standardized packaging models that enhance storage and transport efficiency.
• Digitization of Packaging Operations Through Smart Logistics Platforms: South Korean transit packaging sector is integrating digital platforms to enhance operational efficiency. Smart logistics systems are enabling the use of RFID tagging, real-time shipment tracking, and automated inventory management linked with transit packaging. This development supports better forecasting, faster fulfillment, and improved end-to-end supply chain visibility. Packaging providers are adapting by incorporating sensors and data-capturing elements into their designs. This integration helps businesses optimize routes, reduce damage risks, and respond quickly to delays or disruptions. It marks a shift toward data-driven decision-making in packaging and transport operations.
• Rise of Customized E-commerce Transit Packaging Solutions: The rapid growth of e-commerce in South Korea has led to an increase in demand for transit packaging solutions tailored for online retail. Customized designs that offer product protection, efficient use of space, and an enhanced unboxing experience are being prioritized. Packaging formats are being optimized to suit varying parcel sizes and automate packing processes. This development is enabling brands to strengthen customer engagement while minimizing material use and shipping costs. The result is a more agile and responsive packaging ecosystem that can support the fast-paced e-commerce environment.
• Adoption of Lightweight, Sustainable Packaging Materials: Driven by both policy and consumer expectations, there has been a shift toward lightweight and environmentally friendly transit packaging materials. Companies are increasingly replacing traditional plastic with recyclable cardboard, molded pulp, and bio-based films. These materials reduce the environmental footprint of packaging without compromising durability. The adoption of sustainable materials is encouraging manufacturers to innovate around packaging design and structure. This move aligns with South Korean broader environmental targets and is fostering a circular economy mindset within the packaging and logistics sectors.

Recent developments in South Korean transit packaging market reflect a broader transformation shaped by environmental concerns, digital innovation, and shifts in logistics demand. Investments in cold chain infrastructure, reusable systems, and smart packaging are enhancing supply chain resilience and operational efficiency. The rise of e-commerce and eco-conscious practices is further accelerating change across materials, design, and delivery strategies. Collectively, these developments are positioning South Korean transit packaging industry as more sustainable, adaptive, and aligned with global supply chain standards, offering long-term benefits to manufacturers, retailers, and logistics providers alike.

Strategic Growth Opportunities for Transit Packaging Market in South Korea

South Korean transit packaging market is evolving rapidly due to growing demands in sectors such as e-commerce, pharmaceuticals, food and beverage, and industrial manufacturing. With logistics efficiency and sustainability becoming strategic priorities, businesses are exploring new packaging applications that support safer, faster, and greener transportation of goods. These shifts present notable growth opportunities for packaging providers to innovate across materials, formats, and supply chain integration. The expanding role of technology and consumer expectations are also driving advancements in how products are protected and delivered across diverse supply chain environments.

• E-commerce Fulfillment and Parcel Packaging: The explosive growth of e-commerce in South Korea has created strong demand for transit packaging that ensures product protection, tamper resistance, and efficient delivery. Packaging solutions are being tailored to fit small and mid-sized parcels while enhancing branding and customer experience. Automation-friendly formats that reduce void space and streamline packing operations are gaining popularity. This application area supports scalable logistics and addresses rising return rates. Packaging companies can capitalize on this trend by offering lightweight, customizable solutions that align with the pace and volume of online retail, improving both operational and environmental performance.
• Cold Chain and Pharmaceutical Packaging: The pharmaceutical and healthcare industries are expanding their logistics capabilities, especially for temperature-sensitive and biologically active products. This creates a critical opportunity for growth in cold chain transit packaging. Innovative solutions that include thermal insulation, phase-change materials, and smart monitoring systems are in high demand. These packaging systems are vital for regulatory compliance and patient safety. Companies entering this space can provide value through performance assurance, integration with tracking technologies, and reduced waste. This application area is increasingly essential for vaccine distribution, biologics, and specialty drugs requiring end-to-end temperature control.
• Food and Beverage Distribution Packaging: As consumer preferences shift toward fresh and ready-to-eat food options, the demand for reliable and hygienic transit packaging is rising. The food and beverage industry requires packaging that can withstand varied conditions during transport and maintain freshness, particularly in refrigerated or frozen chains. Growth opportunities lie in durable, moisture-resistant, and recyclable materials designed for bulk or portioned transport. Packaging providers can also differentiate by offering anti-contamination features and efficient stacking formats that reduce spoilage and handling costs. This sector is expanding due to changes in consumption patterns and the proliferation of home delivery services.
• Industrial and Automotive Component Packaging: South Korean robust manufacturing sector presents opportunities in transit packaging for heavy machinery, electronics, and automotive components. These applications require strong, reusable, and modular packaging systems that can endure long-distance transport and rough handling. Growth is driven by exports, just-in-time inventory systems, and the need for damage prevention. Packaging solutions like custom-molded inserts, stackable crates, and protective wraps are essential. Companies serving this segment must prioritize cost efficiency and packaging standardization to meet industrial requirements. Emphasis is also placed on minimizing packaging waste and maximizing reusability across the supply chain.
• Retail and Consumer Electronics Packaging: The fast turnover and sensitivity of consumer electronics demand specialized packaging solutions that offer impact resistance, anti-static protection, and aesthetic appeal. Transit packaging in this segment supports both bulk transport and direct-to-consumer delivery. With increasing exports of South Korean electronics, packaging that aligns with international standards is essential. Opportunities exist in lightweight, compact, and protective formats that lower shipping costs while ensuring product safety. Innovations in shock-absorbing materials and digital tracking features can provide additional value. Packaging must also cater to high product variability and short lifecycle trends common in consumer electronics.

These strategic growth opportunities across applications from e-commerce to cold chain and industrial packaging are redefining South Korean transit packaging market. As industries adopt more specialized, sustainable, and intelligent solutions, packaging is becoming a central component of logistics strategies. The demand for application-specific innovations not only enhances operational efficiency and product safety but also drives long-term value creation. Companies that invest in adaptive design, regulatory alignment, and sustainable practices will be well-positioned to capitalize on South Korean evolving packaging needs across its diverse economic sectors.

Transit Packaging Market in South Korea Driver and Challenges

The transit packaging market in South Korea is shaped by a complex mix of technological, economic, and regulatory factors. As industries evolve and global trade intensifies, packaging must adapt to ensure product protection, supply chain efficiency, and environmental responsibility. Key drivers such as automation, e-commerce growth, and regulatory compliance are pushing innovation in materials and logistics. However, the market also faces significant challenges, including sustainability pressures, labor constraints, and fluctuating raw material costs. This balance of forces determines the pace and direction of market transformation, requiring companies to be agile and forward-looking in their packaging strategies.

The factors responsible for driving the transit packaging market in South Korea include:
• E-commerce Expansion: South Korea has a highly developed digital economy, and the surge in online retail has transformed packaging requirements. Transit packaging must support rapid, safe, and cost-efficient delivery across urban and rural areas. There is increasing demand for right-sized, protective, and return-friendly formats. E-commerce growth also accelerates the need for automation-ready packaging that integrates with fulfillment center workflows. As consumer expectations evolve, packaging must not only safeguard goods but also offer branding opportunities and easy handling. This trend drives sustained innovation in design, materials, and supply chain collaboration within the transit packaging sector.
• Technological Advancements in Smart Packaging: The integration of smart technologies into packaging is enabling real-time monitoring and greater transparency in the supply chain. South Korean firms are adopting RFID tags, QR codes, and IoT sensors to track goods during transit and reduce loss or damage. This enhances product security and regulatory compliance, particularly in pharmaceuticals and high-value electronics. Smart packaging also supports predictive analytics, enabling companies to respond to transit issues proactively. As logistics networks become more digital, technology-driven packaging solutions are becoming a key differentiator for both domestic and export-oriented companies.
• Focus on Sustainability and Circular Economy: Environmental regulations and consumer awareness are pushing companies to reduce their ecological footprint. In response, South Korea is promoting packaging materials that are recyclable, biodegradable, or reusable. Transit packaging must now balance durability with minimal environmental impact. Companies are investing in lightweight alternatives, closed-loop systems, and reusable containers to reduce waste and support circular supply chains. This sustainability drive not only helps with regulatory compliance but also enhances corporate reputation and reduces the total cost of ownership. Transit packaging providers are rethinking product lifecycles to meet these evolving sustainability goals.
• Robust Industrial and Export Sectors: South Korean strong industrial base, including automotive, electronics, and chemicals, fuels continuous demand for reliable transit packaging. Export-driven industries rely on packaging that ensures product integrity across long distances and varied environmental conditions. Customized solutions such as molded inserts, shock-absorbent materials, and anti-static packaging are crucial. The emphasis on quality, consistency, and international compliance standards creates growth opportunities for specialized packaging providers. This industrial demand supports the development of high-performance packaging solutions tailored for specific components and logistics processes, driving innovation across the value chain.
• Government Regulations and Trade Policies: Government initiatives supporting logistics modernization, green growth, and trade facilitation play a vital role in shaping the packaging landscape. Policies that encourage sustainable packaging and promote resource efficiency influence material choices and production practices. Trade agreements and customs regulations also affect labeling, packaging strength, and product traceability. Compliance with domestic and international standards is a key driver for packaging upgrades. Businesses are increasingly aligning with government sustainability targets, which accelerates the adoption of recyclable and standardized transit packaging solutions suited for both local and global markets.

Challenges in the transit packaging market in South Korea are:
• High Cost of Sustainable Materials: While the demand for eco-friendly packaging is rising, the cost of sustainable materials remains a barrier for many businesses. Biodegradable or recyclable alternatives often carry a price premium, which impacts profit margins, especially in cost-sensitive sectors. Small and medium enterprises may struggle to invest in advanced materials without support or incentives. This cost gap slows down widespread adoption of green packaging. Moreover, access to consistent, high-quality, sustainable inputs remains limited. Overcoming this challenge will require investments in material innovation, supplier partnerships, and economies of scale to lower prices.
• Complexity of Customization and Logistics Integration: Transit packaging must be tailored to specific products and integrated into increasingly automated supply chains. This creates logistical and operational complexity, particularly for businesses managing multiple product lines or serving diverse markets. Designing packaging that meets both functional and aesthetic requirements while remaining cost-effective is difficult. Integration with digital systems, warehousing infrastructure, and transportation standards adds further challenges. Balancing customization, scalability, and performance within the same packaging solution requires expertise and resources, which can be difficult to access for some firms.
• Volatility in Raw Material Supply: The availability and pricing of raw materials like paperboard, plastics, and resins can fluctuate due to geopolitical events, trade disruptions, and natural disasters. This unpredictability affects production planning and cost control. Transit packaging providers must maintain flexible sourcing strategies and inventory management to adapt to sudden changes. Volatile input prices can erode margins and limit the ability to invest in innovation or sustainability. Manufacturers often face delays and rising costs, impacting their competitiveness and ability to meet customer demand consistently.

The transit packaging market in South Korea is evolving rapidly under the influence of both growth drivers and pressing challenges. Drivers like e-commerce expansion, sustainability, and industrial demand are creating new opportunities for innovation and efficiency. However, challenges related to cost, customization, and material supply complicate progress. Businesses must balance innovation with practicality and navigate complex regulations while addressing operational constraints. As South Korea continues to modernize its logistics and manufacturing sectors, strategic investment and agile adaptation will be crucial for sustained success in the transit packaging landscape.

List of Transit Packaging Market in South Korea Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, transit packaging companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transit packaging companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
• Company 8
• Company 9
• Company 10

Transit Packaging Market in South Korea by Segment

The study includes a forecast for the transit packaging market in South Korea by material type, packaging type, and end use.

Transit Packaging Market in South Korea by Material Type [Analysis by Value from 2019 to 2031]:


• Polypropylene
• Polyethylene
• Polyvinyl Chloride
• Ethylene Vinyl Alcohol
• Polyethylene Terephthalate
• Polyurethane
• Wood
• Metal
• Paper & Paperboard

Transit Packaging Market in South Korea by Packaging Type [Analysis by Value from 2019 to 2031]:


• Wooden Crates
• Barrels
• Strapping
• Intermediate Bulk Containers
• Corrugated Boxes
• Containers
• Cartons

Transit Packaging Market in South Korea by End Use [Analysis by Value from 2019 to 2031]:


• Consumer Goods
• Third-Party Logistics
• Pharmaceuticals
• Industrial Machinery & Equipment
• Electrical & Electronics
• Food & Beverages
• Building and Construction
• Automotive
• Others

Lucintel Analytics Dashboard

Features of the Transit Packaging Market in South Korea

Market Size Estimates: Transit packaging in South Korea market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Transit packaging in South Korea market size by material type, packaging type, and end use in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different material types, packaging types, and end uses for the transit packaging in South Korea.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transit packaging in South Korea.
Analysis of competitive intensity of the industry based on Porter Five Forces model.

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FAQ

Q1. What are the major drivers influencing the growth of the transit packaging market in South Korea?
Answer: The major drivers for this market are increasing manufacturing and global trade, rapid rise of online shopping and growing awareness about environmental issues.
Q2. What are the major segments for transit packaging market in South Korea?
Answer: The future of the transit packaging market in South Korea looks promising with opportunities in the consumer good, third-party logistic, pharmaceutical, industrial machinery & equipment, electrical & electronic, food & beverage, building & construction, and automotive markets.
Q3. Which transit packaging market segment in South Korea will be the largest in future?
Answer: Lucintel forecasts that carton will remain the largest segment over the forecast period due to the fact that they improve material handling efficiency.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 10 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the transit packaging market in South Korea by material type (polypropylene, polyethylene, polyvinyl chloride, ethylene vinyl alcohol, polyethylene terephthalate, polyurethane, wood, metal, and paper & paperboard), packaging type (wooden crates, barrels, strapping, intermediate bulk containers, corrugated boxes, containers, and cartons), and end use (consumer goods, third-party logistics, pharmaceuticals, industrial machinery & equipment, electrical & electronics, food & beverages, building & construction, automotive, and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Transit Packaging Market in South Korea, Transit Packaging Market in South Korea Size, Transit Packaging Market in South Korea Growth, Transit Packaging Market in South Korea Analysis, Transit Packaging Market in South Korea Report, Transit Packaging Market in South Korea Share, Transit Packaging Market in South Korea Trends, Transit Packaging Market in South Korea Forecast, Transit Packaging Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

                                                            Table of Contents

            1. Executive Summary

            2. Transit Packaging Market in South Korea: Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2019 to 2031
                        3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
                        3.2. Transit Packaging Market in South Korea Trends (2019-2024) and Forecast (2025-2031)
                        3.3: Transit Packaging Market in South Korea by Material Type
                                    3.3.1: Polypropylene
                                    3.3.2: Polyethylene
                                    3.3.3: Polyvinyl Chloride
                                    3.3.4: Ethylene Vinyl Alcohol
                                    3.3.5: Polyethylene Terephthalate
                                    3.3.6: Polyurethane
                                    3.3.7: Wood
                                    3.3.8: Metal
                                    3.3.9: Paper & Paperboard
                        3.4: Transit Packaging Market in South Korea by Packaging Type
                                    3.4.1: Wooden Crates
                                    3.4.2: Barrels
                                    3.4.3: Strapping
                                    3.4.4: Intermediate Bulk Containers
                                    3.4.5: Corrugated Boxes
                                    3.4.6: Containers
                                    3.4.7: Cartons
                        3.5: Transit Packaging Market in South Korea by End Use
                                    3.5.1: Consumer Goods
                                    3.5.2: Third-Party Logistics
                                    3.5.3: Pharmaceuticals
                                    3.5.4: Industrial Machinery & Equipment
                                    3.5.5: Electrical & Electronics
                                    3.5.6: Food & Beverages
                                    3.5.7: Building & Construction
                                    3.5.8: Automotive
                                    3.5.9: Others

            4. Competitor Analysis
                        4.1: Product Portfolio Analysis
                        4.2: Operational Integration
                        4.3: Porter Five Forces Analysis

            5. Growth Opportunities and Strategic Analysis
                        5.1: Growth Opportunity Analysis
                                    5.1.1: Growth Opportunities for the Transit Packaging Market in South Korea by Material Type
                                    5.1.2: Growth Opportunities for the Transit Packaging Market in South Korea by Packaging Type
                                    5.1.3: Growth Opportunities for the Transit Packaging Market in South Korea by End Use
                        5.2: Emerging Trends in the Transit Packaging Market in South Korea
                        5.3: Strategic Analysis
                                    5.3.1: New Product Development
                                    5.3.2: Capacity Expansion of the Transit Packaging Market in South Korea
                                    5.3.3: Mergers, Acquisitions, and Joint Ventures in the Transit Packaging Market in South Korea
                                    5.3.4: Certification and Licensing

            6. Company Profiles of Leading Players
                        6.1: Company 1
                        6.2: Company 2
                        6.3: Company 3
                        6.4: Company 4
                        6.5: Company 5
                        6.6: Company 6
                        6.7: Company 7
                        6.8: Company 8
                        6.9: Company 9
                        6.10: Company 10
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
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Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
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