South Korea Cans Market was valued at USD 2.3 Billion in 2022 and is projected to reach USD 3.4 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
The South Korea Cans Market has been rapidly evolving due to the increasing demand for convenient and sustainable packaging solutions. This surge in demand has been primarily driven by industries such as food, beverage, and cosmetics, which require durable and eco-friendly options. The cans market in South Korea, being an integral part of these industries, has seen remarkable growth over the past few years. As global sustainability trends continue to shape market demands, the need for cans that are recyclable and provide better protection for the contents inside is becoming more critical than ever.
Food and beverage companies, which represent the largest segment of the cans market, are shifting towards aluminum and steel cans due to their ability to preserve product quality and extend shelf life. For example, the beverage industry, which includes soft drinks, beer, and energy drinks, relies heavily on cans to maintain freshness and prevent contamination. Cans are also preferred for their ability to keep products cooler for longer periods, making them more appealing to consumers, especially in the hot summer months. According to recent market reports, aluminum cans account for more than 70% of the beverage packaging market in South Korea.
Moreover, the cosmetics and personal care industries in South Korea are increasingly adopting cans as a packaging solution for products like hairsprays, deodorants, and other aerosol products. These industries demand cans that are lightweight, portable, and capable of maintaining product integrity. The high demand for sustainable packaging solutions is pushing manufacturers to innovate and improve the design and functionality of cans, ensuring that they meet the ever-evolving needs of various industries.
In terms of industrial requirements, manufacturers in South Korea’s cans market are focusing on improving production capabilities and offering customizable packaging solutions. The demand for cans that cater to different sizes, shapes, and designs is constantly growing, as businesses seek to differentiate their products in a highly competitive market. Additionally, the rising environmental consciousness among consumers is pushing companies to look for recyclable and eco-friendly alternatives that reduce their carbon footprint and contribute to a more sustainable future.
With these advancements, the South Korea Cans Market is well-positioned for continued growth, with industry stakeholders working to meet the dynamic demands of both local and global markets. The constant innovations in material, design, and production processes will drive the market forward, ensuring that cans remain a vital component of packaging solutions across various industries.
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Rexam PLC
Silgan Containers LLC
Kian Joo Can Factory Berhad
Independent Can Company
Trinity Holdings
Berlin Packaging Company
Crown Holdings
Inc
SKS Bottle & Packaging
Inc
Caira Can Company Limited
The Cary Company
Ball Corporation
Allstate Can Corporation
Can Smart(PTY) LTD
Allied Cans Limited
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Cans Market
Aluminum Cans
Steel Cans
Biodegradable Cans
Food and Beverage
Personal Care Products
Household Products
Small Cans (up to 250 ml)
Standard Cans (250 ml to 500 ml)
Large Cans (more than 500 ml)
Retail Consumers
Food Service Industry
Manufacturers
Online Retail
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Cans Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Cans Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cans Market, By Type
6. South Korea Cans Market, By Application
7. South Korea Cans Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cans Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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