openPR Logo
Press release

South Korea Wine Packaging Market to Reach USD 63.3 Million by 2028, Driven by Increasing Wine Sales and Consumption

03-24-2023 01:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

South Korea Wine Packaging Market to Reach USD 63.3 Million

The 'South Korea Wine Packaging Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028' by Expert Market Research gives an extensive outlook of the South Korea wine packaging market, assessing the market based on its segments like material types, products, and sales channel.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter's Five Forces Models.

South Korea Wine Packaging Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): More than USD 46.3 Million
• Forecast CAGR (2023-2028): 5.5%
• Forecast Market Size (2028): Nearly USD 63.3 Million

A range of materials, including glass, various plastics, metal, and even plastic-coated paper, is used to package and sell wine. The idea that only costly wine should be preserved in glass bottles with a natural cork has gradually faded over time. Wine packaging has changed significantly throughout time, going from clay amphorae to single-serving plastic bottles.

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/south-korea-wine-packaging-market/requestsample

The demand for wine is being propelled by the health benefits of wines, which, in turn, is supporting the development of the market. Further, the changing lifestyles and high consumer disposable incomes are favouring the South Korea wine packaging market growth.

Additionally, the antioxidants polyphenols, which are abundant in grapes, can reduce oxidative stress and inflammation. Higher antioxidant levels are associated with a decreased risk of diseases. For instance, red wine drinking has been associated with a reduced risk of Alzheimer's and Parkinson's disease, both of which are linked to oxidative stress.

Wine and other alcoholic beverages also show anti-inflammatory properties. Red wine's strong polyphenol antioxidant content helps lower the risk of developing metabolic diseases, high blood pressure, and high cholesterol, driving its consumption in moderate amounts.

The South Korea wine packaging market is likely to benefit from the growing focus of wineries on automating their operations to enhance efficiency, promote worker safety, and for upgrading end-of-line packaging.

South Korea Wine Packaging Industry Definition and Major Segments

Wine packaging, which is essential to the wine industry, enables manufacturers to create brand identity while providing a unique and convenient experience to the customers, besides product preservation. The outside of the box/bottle has the company's logo, brand colours, content information, and message. This promotes brand loyalty and makes the brand stand out in stores. Plastic, glass, metal, and paper board are some of the most commonly used materials used for packaging and keeping wine safe.

Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/south-korea-wine-packaging-market

Based on material type, the wine packaging market divisions include:

• Glass
• Metal
• Paper Board
• Plastics

On the basis of product, the market is segmented into:

• Bottles
• Bag in Box
• Closures
• Others

The market divisions, based on sales channel, include:

• Online Retail
• Offline Retail

South Korea Wine Packaging Market Trends

The South Korea wine packaging market is expected to significantly develop during the forecast period due to the growing focus on innovation by manufacturers including the addition of QR codes and double insulation.

Convenience is one of the hottest trends right now. Manufacturers are continuously developing packaging techniques to change the way consumers think in order to stop utilising techniques like employing thick glass bottles to represent quality. Convenient packaging is currently in high demand, particularly among generation Z and millennials who go to concerts, sporting events, and festivals, supporting the growth of innovative packaging formats like flat wine bottles that are compact, shippable, and unique; metals cans; and tetra packs.

The substantial growth in the demand for natural wine owing to the rising awareness among people about diverse products available in the market is positively influencing the South Korea wine packaging market trends.

People who are becoming more environmentally concerned, especially younger generations, are now being drawn to natural wine since it is produced naturally without the use of artificial fertilisers. The appeal of these natural wines also includes distinctive labels and packaging that are also ideal for promoting the brand on social media platforms, which lend a positive impression of natural wine. Many brands now promote their products via social media influencers. With this, the demand for different types of eco-friendly packaging and recyclable bottle designs is likely to grow further.

Key Market Players

The major players in the South Korea wine packaging market report include

• Amcor Group GmbH
• International Paper Company
• Tetra Pak Group
• SIG Group AG
• Avery Dennison Corporation
• Dongwon Systems
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

https://localdigitalbusiness.org/fulvic-acid-market-report/

https://nboxoffice.com/matcha-tea-market-size-share-price-trends-growth-industry-report-forecast-2023-2028/

https://edgeoverweb.com/business/global-dried-fruits-market-size-share-price-trends-growth-industry-report-forecast-2023-2028/

https://tweakvipapp.com/global-pest-control-market-size-share-price-trends-growth-industry-report-forecast-2023-2028/

https://www.marketsize.us/2023/03/22/ir-led-market-report/

Global Ophthalmic Diagnostic Devices Market: https://www.expertmarketresearch.com/reports/ophthalmic-diagnostic-devices-market

Global Pipeline Integrity Management Market: https://www.expertmarketresearch.com/reports/pipeline-integrity-management-market

Global Pyrogen Testing Market: https://www.expertmarketresearch.com/reports/pyrogen-testing-market

Global Real and Compound Chocolate Market: https://www.expertmarketresearch.com/reports/real-and-compound-chocolate-market

Global Recombinant Vaccines Market: https://www.expertmarketresearch.com/reports/recombinant-vaccines-market

Media Contact:

Company Name: Claight Corporation
Contact Person: Alex, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release South Korea Wine Packaging Market to Reach USD 63.3 Million by 2028, Driven by Increasing Wine Sales and Consumption here

News-ID: 2988592 • Views:

More Releases from Expert Market Research

Virtual Reality Gaming Market Size, Share, Industry Trends, Price, Outlook And Forecast 2024-2032
Virtual Reality Gaming Market Size, Share, Industry Trends, Price, Outlook And F …
According to the report by Expert Market Research (EMR), the global virtual reality gaming market is anticipated to witness substantial growth, with a projected CAGR of 29.7% during the forecast period from 2024 to 2032. This growth trajectory is primarily attributed to the increasing adoption of virtual reality (VR) technology in gaming, driven by advancements in hardware, immersive gaming experiences, and a growing consumer base seeking innovative and interactive entertainment
Vietnam Online Food Delivery Market Report, Growth, Size, Share, Outlook, Industry Analysis And Forecast 2024-2032
Vietnam Online Food Delivery Market Report, Growth, Size, Share, Outlook, Indust …
According to a comprehensive report by Expert Market Research (EMR), the online food delivery market in Vietnam is anticipated to witness substantial growth, with a projected CAGR of 24% between 2024 and 2032. This growth trajectory is propelled by various factors including the increasing internet penetration, rising disposable incomes, changing consumer preferences towards convenience, and the expanding urban population. The convenience and accessibility offered by online food delivery platforms have
Arthralgia Management Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2024-2032
Arthralgia Management Market Size, Share, Price, Trends, Growth, Analysis, Repor …
The global arthralgia management market share value was USD 6.55 billion in 2023, driven by the rising prevalence of autoimmune disorders, overuse injuries, and infectious diseases. The market size is anticipated to grow at a CAGR of 9.1% during the forecast period of 2024-2032 to achieve a value of USD 14.34 billion by 2032. Arthralgia Management: Introduction Arthralgia, or joint pain, is a common complaint among individuals of varying ages and can
Vietnam Diagnostic Labs Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2024-2032
Vietnam Diagnostic Labs Market Size, Share, Price, Trends, Growth, Analysis, Rep …
The Vietnam diagnostic labs market share value was USD 1,229.01 million in 2023, driven by the rising prevalence of infectious diseases. The market size is anticipated to grow at a CAGR of 6.50% during the forecast period of 2024-2032 to achieve a value of USD 2,166.22 million by 2032. Diagnostic Labs: Introduction Diagnostic labs are essential facilities that play a crucial role in the healthcare system, providing vital information for the detection,

All 5 Releases


More Releases for South

Global Pajamas Market Report - Japan, Europe, South Korea, Asia and America ( No …
Recently we published the latest report on the Pajamas market. The report on the Pajamas market provides a holistic analysis, of market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 15 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The Pajamas market analysis includes product segment and geographic landscape. The
South Africa Agriculture Market, South Africa Agriculture Industry, South Africa …
The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of
South Korea Agriculture Market | South Korea Agriculture Industry | Covid-19 Imp …
Agriculture in South Korea may be a sector of the economy of South Korea. The natural resources needed for agriculture in South Korea aren’t torrential. Two thirds of the country are mountains and hills. Productive land solely accounts for 22 percent of the country's land. The foremost vital crop in South Korea is rice, secretarial regarding 90 percent of the country's total grain production and over 40 percent of farm
South Africa AdBlue Oil Market 2024: BASF SE (Germany), Engen Petroleum Ltd (Sou …
Market Snapshot The market for AdBlue oil in South Africa is expected to witness a CAGR of 4.83% during the assessment period assessment period (2017-2024). Adbule continues to be a popular fluid mix for diesel and gasoline fuel-based vehicles. The mix facilitates a selective catalytic reduction (SCR) technology along with other chemical reaction with the exhaust gases, effectively reducing the emmision of nitrogen oxides. Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6223 This in turn
2018 Stem Cell Therapy Market by Top Key Players - Anterogen (South Korea), MEDI …
Adroit Market Research has announced the addition of the “Global Stem Cell Therapy Market Size Status and Forecast 2025”, The report classifies the global Stem Cell Therapy in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Stem Cell Therapy Speaker market, analyzes and researches the Stem Cell Therapy Speaker development status and forecast in North
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent