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Japanese plastic film manufacturer, Gunze, has announced plans to launch GEOPLAS HCT3, a heat-shrinkable film with recycled resin, in January 2023. The polystyrene/polyethylene terephthalate multi-layered product uses 30% recycled raw materials and will first be launched in Japan before expanding into US and ASEAN markets. The product has both polystyrene and polyethylene terephthalate, this multilayer technology has enabled Gunze to achieve “excellent shrink appearance, perforation suitability, heat resistance, content resistance and stiffness”. The new film can be used as shrink labels for bottled beverages, foods and other products such as cosmetics and personal care. The company will launch the shrinkable film with 30% recycled material in January and aims to increase the ratio to 50% by 2024 and by 100% by 2030.