South Korea Packaging Market Size, Analyzing Material Type, Innovations and Forecast to 2027
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South Korea Packaging Market Overview
The South Korea packaging market size was valued at 48.5 billion units in 2022. The market is anticipated to register a CAGR of more than 2% during 2022-2027. Moreover, the rise in demand for personal and oral hygiene products will foster the growth of flexible packaging in South Korea during the forecast period.
South Korea Packaging Market Overview, 2022-2027 (Billion Units)
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The market research report provides an overview of the usage of different packaging materials across different industries in terms of the number of units, packaging share, and growth rates during 2017–27, in addition to key packaging innovations for key industries in each of the categories analyzed. The report also includes data and analysis for five-pack materials across several sectors.
Market Size (2022) | 48.5 billion units |
CAGR (2022-2027) | >2% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Pack Materials | · Rigid Plastics
· Rigid Metal · Paper & Board · Flexible Packaging · Glass |
Key Industries | · Food
· Alcoholic Beverages · Non-Alcoholic Beverages · Cosmetics & Toiletries · Other Industries |
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South Korea Packaging Market Growth Factors:
- Due to the strong build, convenience, and impermeable nature of gases and vapors, the usage of metal cans has increased in recent years.
- Owing to growing eco-consciousness, consumers in South Korea seek products packaged in paper & board format.
South Korea Packaging Market Segmentation by Pack Material
In 2022, the rigid plastics segment dominated the South Korea packaging market, followed by paper & board packaging.
The key pack materials in the South Korea packaging market are rigid plastics, rigid metal, paper & board, flexible packaging, and glass. Rigid plastics are usually a preferred choice in non-alcoholic beverages and food industries because of their portability, convenience, and lightweight that facilitate on-the-go consumption. Food is the most prominent industry using this type of packaging.
South Korea Packaging Market Analysis by Pack Material, 2022 (%)
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South Korea Packaging Market Segmentation by Industry
The packaging industry in South Korea is characterized by its strong use in the food industry.
The key industries using pack materials in the South Korea packaging market are food, alcoholic beverages, non-alcoholic beverages, cosmetics & toiletries, and other industries. In the food industry, rigid plastics is the most widely used pack material, accounting for more than 8 billion units in 2022, followed by flexible packaging. The demand for rigid plastic packaging in food products is mostly attributed to its high consumption in dairy & soy food, meat, and bakery and cereals wherein consumers prefer products that provide the benefits of safe delivery and ease of transportation.
South Korea Packaging Market Analysis by Industry, 2022 (%)
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South Korea Packaging Market – Recent Developments
- OTTOGI CORPORATION., Ltd recently launched Cooked Rice under the Ottogi banner that features unusual ingredients. The range comprises the varieties of Glutinous Black, Soft Brown, and Hard.
- This microwavable is sold in a 210g plastic bowl. This unusual formulation could resonate with consumers who believe grains are good for their health.
Key Segments Covered in this Report
South Korea Packaging Market by Pack Material Outlook (2017-2027)
- Rigid plastics
- Rigid metal
- Paper & board
- Flexible packaging
- Glass
South Korea Packaging Market by Industry Outlook (2022-2027)
- Food
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Cosmetics & Toiletries
- Other industries
Scope
This report brings together multiple data sources to provide a comprehensive overview of the South Korea packaging industry, as part of our coverage of the industry across 50 countries. It includes an analysis of the following –
- Market overview: Provides an overview of the usage of different packaging materials across different industries in terms of the number of units, packaging share, and growth rates during 2017-27, in addition to key packaging innovations for key industries in each of the categories analyzed.
- Growth in the use of pack material by sector: Provides an overview of the shift in the utilization of various pack materials across sectors during 2022-2027.
Key pack materials: Includes data and analysis – number of units (millions), growth rates – for five-pack materials viz. rigid plastics, rigid metal, glass, paper & board, flexible packaging, and others (other than the aforementioned five types) during 2022-2027. It also covers:
- Pack sub-type: Includes aerosol – metal, box – rigid plastic, carton – carton board, box – liquid packaging board, box – other material, foil – aluminum, pod – paper, flexible plastic, tray – aluminum, tube – flexible plastic, other flexible packaging pack types – all sub-types, HDPE, PET, etc.
- Pack type: Includes aerosol, bag-in-box, bag/sachet, blister pack, bottle, box, bubble top, can, carton–folding, carton–liquid, clamshell, etc.
- Closure material: Includes metal, plastic, glass, natural cork, synthetic cork, and others.
- Closure type: Includes cap, crown, dispenser, film, flip/snap top, foil, lever closure, plastic tie, prize off, screw top, sports cap, stopper, twist off.
- Primary outer material: Includes flexible packaging, board, rigid plastic, and others.
- Primary outer type: Includes bag, blister pack, carton–folding, shrink wrap, sleeve, and others.
Reasons to Buy
- Manufacturers and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
Table of Contents
Frequently asked questions
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What was the South Korea packaging market size in 2022?
The South Korea packaging market size was valued at 48.5 billion units in 2022.
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What is the South Korea packaging market growth rate during 2022-2027?
The South Korea packaging market will register a CAGR of more than 2% during 2022-2027.
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Which segment accounted for the largest South Korean packaging market share in 2022?
In 2022, the rigid plastics segment dominated the South Korean packaging market share.
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Which industry dominated the South Korean packaging market in 2022?
The food industry dominated the South Korean packaging market in 2022.
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