Packaged Water Market size is estimated to be USD XX Billion in 2024 and is expected to reach USD YY Billion by 2033 at a CAGR of ZZ% from 2026 to 2033.
The South Korean packaged water market has experienced significant growth in recent years, driven by evolving consumer preferences and industry innovations. As of 2022, the market achieved revenues of approximately $2.72 billion, reflecting a compound annual growth rate (CAGR) of 5% since 2017. Consumption volumes also rose, reaching 3.45 billion liters in 2022.
Several factors contribute to this upward trend. The increasing health consciousness among South Koreans has led to a preference for bottled water over sugary beverages. Additionally, the fast-paced urban lifestyle has amplified the demand for convenient hydration options. Notably, the market is segmented into still water, sparkling water, flavored water, and functional water, with still water dominating due to its affordability and widespread availability.
Packaging innovations are also shaping the market. The South Korean Ministry of Environment plans to mandate label-free packaging for drinking water bottles by 2026 to reduce plastic waste and enhance recycling efficiency. This initiative aligns with the country's broader sustainability goals, including a 50% reduction in plastic waste production and an increase in recycling rates from 34% to 70% by 2030.
Distribution channels have diversified, with e-commerce platforms gaining traction alongside traditional outlets like convenience stores and supermarkets. This shift offers consumers greater accessibility and convenience, further propelling market growth.
Leading companies such as Jeju Province Development Corporation, known for its Jeju Samdasoo brand, and HiteJinro Co., Ltd., are at the forefront of the market. Jeju Samdasoo has maintained the top market share since its launch in 1998, while HiteJinro, primarily recognized for alcoholic beverages, also produces bottled water, showcasing the industry's diverse landscape.
In response to consumer demand, there's a growing interest in premium and mineral-rich bottled water, especially among young adults. This trend presents opportunities for companies to introduce products that cater to health-focused and quality-seeking consumers.
Overall, the South Korean packaged water market is poised for continued growth, driven by health trends, packaging innovations, and evolving consumer preferences. Companies that align with sustainability initiatives and adapt to changing market dynamics are well-positioned to thrive in this expanding sector.
Get an In-Depth Research Analysis of the South Korea Packaged Water Market Size And Forecast [2025-2032]
Nestle Waters
Coca-Cola Company
PepsiCo Inc
Suntory Holdings
Danone Inc
Nongfu Spring Co.
Ltd.
Ting Hsin International Group
Evergrande Spring
Nestle Waters
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 Packaged Water Market
Plastic Bottles
Glass Bottles
Cartons
Refillable Containers
Pouches
Spring Water
Mineral Water
Purified Water
Sparkling Water
Flavored Water
Residential
Commercial
Industrial
Sports & Fitness
Hospitality
Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Wholesale Retailers
Direct Sales
International Brands
Domestic Brands
Private Labels
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Packaged Water 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 Packaged Water Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Packaged Water Market, By Type
6. South Korea Packaged Water Market, By Application
7. South Korea Packaged Water Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Packaged Water Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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