Glass Forming Mold Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
South Korea's glass forming mold market is experiencing significant growth, driven by the country's emphasis on sustainability and technological innovation. The market is projected to reach USD 1,535.3 million by 2030, growing at a CAGR of 6.6% from 2022 to 2030, with container glass being the largest revenue-generating segment in 2021. This growth is fueled by the increasing demand for eco-friendly packaging solutions and the adoption of advanced manufacturing technologies.
Key types of glass forming molds in South Korea include:
Blow Molds: Utilized for creating hollow glass containers such as bottles and jars, essential for the beverage and pharmaceutical industries.
Press Molds: Employed in manufacturing flat glass products like sheets and plates, catering to the construction and automotive sectors.
The industrial requirements driving the demand for glass forming molds encompass:
Eco-Friendly Packaging: A shift towards recyclable and non-toxic materials has led food producers to prefer glass over plastic, aligning with government policies promoting a circular economy.
Technological Advancements: Innovations in mold materials and manufacturing processes, such as 3D printing and advanced coatings, enhance mold durability and performance.
Customization Needs: Brands seeking unique designs for differentiation are increasing the demand for customized and specialty molds.
Quality and Precision: Industries like pharmaceuticals and electronics require high-quality molds to produce precise and sterile glass components.
South Korea's robust recycling infrastructure and commitment to sustainable practices further bolster the glass forming mold market. The country's efficient system for collecting and processing used glass supports the consistent supply of raw materials, reducing environmental impact and production costs. Additionally, the integration of smart technologies into glass products, such as smart glass in architecture and automotive applications, opens new avenues for mold manufacturers.
In summary, the glass forming mold market in South Korea is poised for continued growth, driven by environmental considerations, technological progress, and diverse industrial demands. Manufacturers focusing on innovation, customization, and sustainability are well-positioned to capitalize on these trends.
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Omco International
JIANHUA MOUD
ORI Mould
Jinggong Mould
RongTai mould
Weiheng Mould
Brother-mould
Perego
Donghai Glass Mould Co.
Xinzhi Industry
HEBEI ANDY MOULD
JCL Engineering Pte. Ltd.
FUSO MACHINE & MOLD MFG.CO.LTD
INHOM 98 Ltd.
Strada
Toyo Glass Machinery Co.
Ltd.
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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 Glass Forming Mold Market
Blow Molding Molds
Injection Molding Molds
Press Molding Molds
Thermoforming Molds
Other Types
Container Molds
Architectural Glass Molds
Tableware Molds
Automotive Glass Molds
Industrial Glass Molds
Steel Molds
Aluminum Molds
Composite Molds
Others
Food and Beverage Industry
Construction Industry
Automotive Industry
Consumer Goods Industry
Pharmaceuticals Industry
Custom Mold Making
Standard Mold Production
Prototype Molding
Mass Production Molding
Recycling and Reusable Molds
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Glass Forming Mold 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 Glass Forming Mold Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Glass Forming Mold Market, By Type
6. South Korea Glass Forming Mold Market, By Application
7. South Korea Glass Forming Mold Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Glass Forming Mold Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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