South Korea PET Packaging Market was valued at USD 1.9 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
South Korea's PET Packaging Market: Types and Industry Requirements
South Korea's PET (polyethylene terephthalate) packaging industry has been undergoing significant transformations, driven by sustainability initiatives and evolving consumer preferences. This article delves into the various types of PET packaging prevalent in South Korea and the specific requirements industries demand from these packaging solutions.
Types of PET Packaging in South Korea
Virgin PET Packaging: Traditionally, South Korea's packaging industry has relied heavily on virgin PET due to its clarity, strength, and versatility. These attributes make it ideal for a wide range of applications, from beverage bottles to food containers.
Recycled PET (rPET) Packaging: In a landmark move, South Korea approved the use of recycled PET for new food and beverage containers starting January 2023. This decision aligns with global sustainability trends and aims to promote a circular economy by reintroducing recycled materials into the production cycle. The Ministry of Food and Drug Safety (MFDS) has established stringent safety standards to ensure that physically recycled PET materials are safe for consumer use.
Biodegradable PET Alternatives: To cater to the growing demand for eco-friendly packaging, South Korean retailers and manufacturers are exploring biodegradable PET alternatives. These materials decompose more rapidly than traditional plastics, reducing environmental impact.
Industry Requirements for PET Packaging
Food and Beverage Industry: This sector demands PET packaging that ensures product safety and extends shelf life. With the recent approval of rPET for food-grade containers, companies are now focusing on integrating recycled materials without compromising on quality or safety. For instance, Coca-Cola Korea introduced 1.25-liter bottles made with 10% locally sourced recycled plastics, reflecting a shift towards sustainable packaging solutions.
Retail Sector: Retailers are increasingly adopting eco-friendly packaging to appeal to environmentally conscious consumers. Emart, a leading discount store, has transitioned its private brand's home meal replacement products to packaging made from 50% recycled materials and biodegradable components like bamboo and sugar cane. Similarly, Lotte Mart has begun using 100% recycled plastic containers for its tomato products, aiming to expand this initiative across all its produce offerings by year-end.
Alcoholic Beverage Industry: Companies like Oriental Brewery (OB) are pioneering the use of chemically recycled PET bottles for their beer products. OB plans to replace all PET bottles with versions containing 25% recycled plastic by next year, potentially reducing plastic usage by 1,000 tons annually. This initiative underscores the industry's commitment to sustainable practices and aligns with global environmental goals.
Regulatory and Consumer Influences
The South Korean government has set ambitious targets to halve plastic waste production and increase recycling rates from 34% to 70% by 2030. Regulatory measures, such as banning hard-to-recycle plastics like colored PET and updating national standards to define recyclable items, have been implemented to achieve these goals. These policies have prompted industries to innovate and adopt sustainable packaging solutions.
Consumers in South Korea are becoming increasingly eco-conscious, influencing industries to prioritize sustainability. The demand for products packaged in environmentally friendly materials is on the rise, prompting companies to adapt their packaging strategies accordingly.
In conclusion, South Korea's PET packaging market is evolving rapidly, with a clear shift towards sustainability. Industries are embracing recycled and biodegradable materials to meet regulatory requirements and cater to the growing consumer demand for eco-friendly products. This transition not only benefits the environment but also enhances brand reputation and aligns with global sustainability trends.
Get an In-Depth Research Analysis of the South Korea PET Packaging Market Size And Forecast [2025-2032]
Amcor
Gerresheimer
PET Power
Silgan
Tetra Laval
Alpha Group
Plastipak
CKS Packaging
Exopackaging
Greiner Packaging
Himalayan Group
INOAC
Kaufman Container
Kian Joo Group
Parker Plastics
Parkway Plastics
RESILUX
Savola Plastic
Sidel International
SKS Bottle & Packaging
Snapware
Southeastern Container
Sunrise Containers
Temkin Plastics
Ultrapak
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 PET Packaging Market
Bottles
Containers
Jars
Tubes
Trays
Films and Sheets
Food & Beverage
Personal Care
Household Products
Pharmaceuticals
Electronics
Others
Rigid Packaging
Flexible Packaging
Less than 100 ml
100 ml to 500 ml
500 ml to 1 liter
More than 1 liter
Blow Molding
Extrusion Molding
Injection Molding
Thermoforming
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea PET Packaging 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 PET Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea PET Packaging Market, By Type
6. South Korea PET Packaging Market, By Application
7. South Korea PET Packaging Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea PET Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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