South Korea Packaging Market Size, Analysing Key Pack Material (Pack Type, Closure Material and Type, Primary Outer Material and Type), Innovations and Forecast, 2021-2026

The South Korea packaging market size was 48.4 billion units in 2021. The market is projected to grow at a CAGR of more than 1% during the forecast period. Rigid plastic was the largest consumed pack material while rigid metal accounted for the lowest volume share.

The South Korea Packaging Market research report provides a comprehensive overview of the South Korean packaging market. It includes market overview, growth analysis by pack material and industry, pack material growth analysis by industry and sector, analysis by pack material, and trends, case studies, and future outlook.

South Korea packaging market overview

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What are the market growth drivers of the South Korea packaging market?

Rising demand for packaging foods in portable and convenient formats drives the use of rigid plastic in food industry. The durable and cost-effective packaging ensures long-term protection for stored food and beverages alike. Metal packaging is mostly considered for its ability to protect contents within from light and its high recyclability making it sustainable. Paper & board packaging is lightweight, economical, recyclable, available in several forms, and are user friendly. Flexible packaging is inexpensive, light weight, print friendly, moldable, and convenient. Glass bottles/containers help in preserving the flavor of the contents for much longer duration than other types of packaging.

What are the key segments in the South Korea packaging market?

The key segments in the South Korea packaging market are rigid plastics, rigid metal, paper and board, flexible packaging, and glass.

Rigid Plastics

Rising consumer preference for convenience and portability when choosing iced/RTD tea drinks, packaged water, and iced/RTD coffee drinks, contributed to increased usage of PET bottles. Protection and portability continue to be major drivers of rigid plastics in packaging. Innovative pack designs that stands out in shelf also drive growth of rigid plastics pack material.

Rigid Metal

Metal can package allows alcoholic beverages manufacturers to create unique labels that make a brand/product visually stand out in the crowded supermarket aisle. Toilet care and air fresheners are predicted to drive the growth of rigid metals use in other industries over the forecast period.

Paper and Board

Paper & Board packaging is popular for its portability and convenience. Also, the disposability and recyclability of paper & board pack format adds to its increasing demand. The packaging is used majorly in juice category due to the convenience of on-the-go consumption it serves to busy consumers. Eco-friendly attributes are major drivers of paper & board packaging.

Flexible Packaging

Convenience and portability are strong drivers of flexible pack material. Growing consumer trend for convenience and on-the-go consumption will drive growth of flexible pack material within hot drinks sector. Within C&T industries, skincare and feminine hygiene are expected to drive the growth of flexible packaging over the forecast period. 

Glass

Glass packaging is mostly preferred in food industry for its ability to extend the shelf life of food products as well as consumers’ desire for premiumization. Seasonings, dressings & sauces, and oils and fats sectors dominate in terms of glass packaging. Within C&T, skincare and fragrances are the primary sectors for using glass packaging.

South Korea packaging market, by segments

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What are the key industries involved with the South Korea packaging market?

The key industries involved with the South Korea packaging market are food, alcoholic beverages, non-alcoholic beverages, and cosmetics and toiletries. The packaging industry in South Korea is characterized by its strong use in the food industry.

South Korea packaging market, by industries

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Market report overview

Scope

This report provides:

• Multiple data sources to provide a comprehensive overview of the packaging industry in South Korea.
• Overview of the usage of different packaging materials across different industries in terms of the number of units, packaging share, and growth rates, in addition to key packaging innovations for key industries in each of the categories analyzed.
• Overview of the shift in the utilization of various pack materials across sectors.
• Data and analysis including the number of units (millions) and growth rates for five pack materials viz. rigid plastics, rigid metal, glass, paper & board, flexible packaging, and others.
• Pack sub-type, pack type, closure material, closure type, primary outer material, and primary outer type.

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 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 of 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 than 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.