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

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

Summary

This report brings together multiple data sources to provide 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.

The packaging industry in South Korea is set to witness a growth from 48.4 billion units in 2021 to 51.3 billion units by 2026, at a CAGR of 1.1%. In 2021, rigid plastics garnered the maximum share of 34.3%, followed by paper & board and flexible packaging with shares of 20.3% and 19.1%, respectively. The moderate growth of the South Korean packaging industry will be heavily influenced by changing demographics especially in terms of rise in urbanization rate, an aging population, and the increasing trend of consumption of packaging material in the middle class. These changes are expected to drive the need for new packaging formats with innovations in shapes, sizes, and materials.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Packaging industry in the South Korea, as part of our coverage of the industry across 50 countries. It includes analysis on 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 2016-2026, in addition to key packaging innovations for key industries in each of the categories analyzed
• Growth in use of pack material by sector: Provides an overview of the shift in the utilization of various pack materials across sectors during 2021-2026
• 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 afore mentioned five types) during 2021-2026. 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, other
• 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, other
• Primary outer type: Includes bag, blister pack, carton - folding, shrink wrap, sleeve, other

• Manufacturers and retailers seek 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.