South Korea Plastic Packaging Market 2021 Revenue Estimates and Growth Analysis, Recent Trends, Demand by Top Vendors, Production and Capacity by Region, Industry Forecast 2025

South Korea Plastic Packaging Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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The South Korea packaging market was valued at USD 6.30 billion in 2017. The report discusses the types of plastic packaging technologies and its segments in detail. The study also focuses on various trends in the market, such as hoe the increasing demand for packaging products, which improve the shelf life of goods, is driving the market.

Plastics have emerged as a preferred choice for packaging, owing to several favorable factors, such as effective barrier properties, high resistance to external conditions, cost-effectiveness, durability and superior aesthetic value. Several factors, like increasing focus on manufacturing and huge growth in the end-user industries are enhancing the demand and supply of plastic products, worldwide. The rigid packaging segment held the highest share; the trend is expected to continue, owing to the increasing demand from the pharmaceutical sector. Moreover, the market is expected to witness a major shift toward flexible packaging, on account of increasing technological penetration and demand for healthier food products. In addition, the strong manufacturing sector is augmenting the need for flexible packaging solutions.

Market By Top Companies:

Amcor Limited, Mondi Group, Bemis Company, Rpc Group Plc, Winpak Ltd, Aptargroup Inc., Sonoco Products Company, Ds Smith Plc, And Proampac

Industry Research Coverage

Longer Shelf Life and Changing Lifestyles to Drive the Market

Shelf life is an important aspect of the product, which can be increased by protecting the products from potential deteriorating agents, such as moisture, oxygen, and microbes. To protect products, companies need a cost-effective and safe packaging solution. Plastic packaging has superior barrier capabilities and can effectively protect the product from moisture and oxygen. In the recent years, growth rates of the plastic jar manufacturing industry have also witnessed a hike. The growth in the market is expected to get accelerated around 2018, accounting to regulations on bio-degradable plastic containers. Also, ongoing trends, such as at-home drinking and growing consumption of ready-to-eat food, owing to the changing lifestyles of consumers are also influencing the South Korea plastic packaging market significantly..

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Key Developments:

January 2018 - Henkel and Selinko announced a partnership for smart packaging solutions. It comprises of a collaboration agreement to expand and improve smart and interactive packaging solutions, especially focusing on FMCG markets.

Major points covered in this research are:-

─Plastic Packaging Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers

─South Korea Market Size (Value) of Plastic Packaging (2020-2023)

─South Korea Plastic Packaging Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)

─South Korea Plastic Packaging Production, Revenue (Value), Price Trend by Type

─South Korea Plastic Packaging Market Analysis by Application

─South Korea Plastic Packaging Manufacturers Profiles/Analysis

─Plastic Packaging Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─South Korea Plastic Packaging Market Forecast (2020-2023)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Plastic Packaging report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Plastic Packaging product development and gives an outline of the potential South Korea market.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.