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.
The South Korea PET Packaging Market is witnessing significant growth, driven by increasing demand across various industries such as food and beverage, pharmaceuticals, and cosmetics. PET (Polyethylene Terephthalate) packaging is favored for its lightweight, durability, and recyclability, making it a preferred choice for manufacturers and consumers alike. In South Korea, these factors have played a crucial role in propelling the adoption of PET packaging solutions across different sectors.
In the food and beverage industry, PET packaging is extensively used for bottled water, soft drinks, and packaged food products. With consumers becoming more environmentally conscious, the demand for recyclable packaging solutions has soared. PET packaging meets this requirement effectively as it can be easily recycled, contributing to sustainability efforts within the market. Additionally, PET packaging helps preserve the freshness and shelf-life of food products, which is another key factor driving its widespread use in this sector.
The pharmaceutical industry in South Korea has also embraced PET packaging for its ability to maintain the integrity of sensitive medical products. PET containers provide a secure, contamination-free environment, which is essential for maintaining the efficacy of pharmaceuticals. Moreover, PET's resistance to moisture and air makes it ideal for packaging a wide range of pharmaceutical products, including tablets, syrups, and medical devices.
Similarly, the cosmetics and personal care sector in South Korea has turned to PET packaging for its aesthetic appeal and practicality. PET bottles and containers offer a sleek design while being durable and easy to handle. This makes them perfect for products such as shampoos, lotions, and skincare items. Additionally, PET packaging allows for a variety of designs, which is important in this highly competitive market.
Across all these industries, manufacturers require PET packaging that can be customized for different product needs, from size and shape to labeling and color. The increasing consumer preference for sustainable solutions is pushing companies to innovate in this space, with a focus on improving the recyclability of PET materials and exploring alternative eco-friendly options.
As the South Korea PET Packaging Market continues to grow, industries are increasingly relying on this versatile material to meet their packaging needs, responding to both consumer demands and regulatory pressures for sustainability.
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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
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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 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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