South Korea Plastic Crown Closures Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.35 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The South Korea Plastic Crown Closures Market has seen a steady rise due to its wide range of industrial applications. These closures, commonly used in packaging beverages, pharmaceuticals, and other consumer products, have gained significant traction in various industries. Their unique design, which includes a crown-shaped closure, provides excellent sealing properties, ensuring the freshness and security of the products they contain. In recent years, the demand for plastic crown closures has escalated as industries are increasingly seeking durable, cost-effective, and efficient packaging solutions.
One of the primary drivers behind the growth of the Plastic Crown Closures Market in South Korea is the flourishing beverage industry. As the country experiences a rise in bottled beverages, including carbonated soft drinks, juices, and alcoholic beverages, the need for reliable, tamper-evident closures has grown exponentially. Plastic crown closures are ideal for such applications, offering an easy-to-use mechanism and superior sealing capabilities. The food and beverage industry’s increasing demand for plastic crown closures aligns with the growing consumer preference for convenience and product safety.
Industries like pharmaceuticals also contribute to the plastic crown closures market in South Korea. These closures are used to seal containers for over-the-counter medicines, vitamins, and other health-related products. The closures' reliability ensures the integrity of sensitive products, preventing contamination and extending shelf life. With a focus on hygiene and safety, the pharmaceutical industry has shown a rising need for such closures to maintain high-quality standards.
Another growing demand for plastic crown closures comes from the cosmetics and personal care industry. Packaging for shampoos, lotions, and other beauty products often requires secure sealing, which makes plastic crown closures an excellent choice. Their versatility in design, easy-to-apply features, and protection from external contaminants have made them an industry favorite.
In the South Korean market, the need for sustainable solutions is becoming more pronounced. With environmental concerns rising, manufacturers are focusing on producing plastic crown closures made from recyclable materials. This trend is expected to grow as both government regulations and consumer awareness about plastic waste increase.
Overall, the South Korea Plastic Crown Closures Market is poised for continued growth as various industries increasingly depend on them for their packaging solutions. This trend reflects the evolving needs of industries across sectors like beverages, pharmaceuticals, and cosmetics, each seeking reliable, secure, and sustainable packaging options.
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Astir Vitogiannis
Avon Crown caps & Containers
AMD Industries
Continental Crowns and Closures
Crown Holdings
Crown Seal
Finn-Korkki
Manaksia Industry
Nippon Closures
Oricon Enterprises
Pelliconi & C
Samhwa Crown & Closure
Supertech-Crown
TOKK
Viscose Closures
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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 Plastic Crown Closures Market
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Flip-Top Closures
Screw-On Closures
Snap-On Closures
Child-Resistant Closures
Beverage Industry
Food Packaging
Pharmaceuticals
Cosmetics and Personal Care
Household Products
Small Size (Up to 250 ml)
Medium Size (250 ml - 1 L)
Large Size (Above 1 L)
Custom Sizes
Automated Filling
Manual Filling
Integrated Packaging Lines
Reusable and Disposable Applications
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Plastic Crown Closures 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 Plastic Crown Closures Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Plastic Crown Closures Market, By Type
6. South Korea Plastic Crown Closures Market, By Application
7. South Korea Plastic Crown Closures Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Plastic Crown Closures Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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