Latest Trends and Key Issues in the South Korean Retail Packaging Market - The outlook for primary packaging containers, closures and outers

Published: January 2014

Publisher: Canadean Ltd

Product ref: 193619

Pages: 95

Format: PDF

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Price: $ 4950.00

Report description

Product Synopsis
• “Latest Trends and Key Issues in the South Korean Retail Packaging Market" is a detailed industry report providing comprehensive analysis of the emerging trends and opportunities in South Korean packaging market.

• The report is a result of a thorough analysis of consumer trends, packaging manufacturing trends, and packaging innovation within South Korea’s consumer packaged goods market. The report provides both qualitative and quantitative insights into each of the packaging materials– Flexible, Glass, Rigid Plastic, Rigid Metal, and Paper &Board.

• The report includes detailed tables and charts to provide a comprehensive understanding of packaging consumption to clearly establish market trends, packaging dynamics, and areas of future growth potential.

• It provides an overview of the competitive landscape of the South Korean packaging sector with an analysis of the key market leaders including a snap shot of major deals

Introduction and Landscape
Why was the report written?
Packaging companies and retailers seek the latest information on consumer trends and opportunities to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging growth opportunities within the CPG market.

What is the current market landscape and what is changing?
As consumer product demand evolves, the dynamics between different packaging types also evolves – favoring some packaging types and formats and leaving others increasingly out of line with demand patterns. As a result, understanding the shifting market dynamics is key to ensuring maximum sales in the future.

What are the key drivers behind recent market changes?
The differential growth across different packaging materials and formats drive fundamental shifts in the market. These differentials result from various factors such as changing consumer preferences, regulatory compliance, and innovation within the packaging market.

What makes this report unique and essential to read?
The report is a unique combination of in-depth qualitative analysis and authoritative packaging data for the years 2010–2016. Each packaging material has detailed data break up by packaging type, closure material, closure type, outer material, and outer type.

Key Features and Benefits
Comprehensive coverage of the key consumer trends affecting the CPG market. Markets covered include Alcoholic Drinks, Food, Health &Beauty, Home Improvement, Household Care, Non-Alcoholic Drinks, Pet Care, and Tobacco &Tobacco Products.

Detailed analysis of each packaging material providing detailed break up including pack types, closures, and outers.

Provides key manufacturing and innovation trends in the packaging industry.

Highlights the key regulatory framework governing the South Korea packaging industry.

Overview of the competitive landscape in South Korea’s packaging industry including key players in each of the packaging material segments and major deals.

Key Highlights
South Korea has witnessed an increase in its elderly population in the last decade, which is expected to rise further by 2020. As a result, demand for lightweight, convenient, easy-to-use pack formats will increase. Additionally, labels with larger fonts and clear nutritional information will have greater preference.

Growth in South Korea’s export-oriented economy has led to a steady increase in disposable income of consumers who are open to experimenting with innovative products. There is a greater need for companies to continuously innovate products in order to meet the aspirations of South Korean consumers. Meanwhile, growing use of credit cards is expected to increase impulse buying in the country, and packaging will act as one of the important differentiators for CPG products, to attract consumers.

The high commuting time of South Korean consumers escalates the demand for on-the-go products as consumers prefer products that can be consumed during travel. Additionally, busier lifestyles will enhance demand for ready-to-cook and ready-to-eat packaging formats as consumers will have relatively less time to spend on cooking. With consumers becoming busier, there will be increasing efforts from FMCG companies to offer easy-to-open or easy-to-use packs for products. For example, Gooksoo, a dry noodle brand, introduced a folding box for noodles which is easier to carry for on-the-go consumption than traditional.

Technological advancements in the manufacturing process are increasingly being adopted by South Korean Food manufacturers in an attempt to increase the quality of their products. Laser film perforation technology used by ADD FARM Ltd. and a moisture absorbent packaging system adopted by BossPack Co. Ltd. are some of the recent examples highlighting the use of improved technologies for Food packaging.

E-commerce growth is driven by a rise in internet penetration and greater use of smartphones. Rapid growth in online retail sales has encouraged major retailers to step into the online market. Increasing online sales will create greater demand for secondary and transit packaging, most importantly corrugated packaging.

Table of contents

1 Executive Summary
2 Overview of South Korea Packaging Market
3 Consumer Drivers
3.1 Aging population and smaller households to drive demand for smaller packs
3.1.1 Aging South Koreans will prefer convenient pack formats
3.1.2 Declining household size to spur demand for single-serve packs
3.2 Positive macro-economic trends are a strong indicator for packaging demand
3.2.1 Low unemployment and high disposable incomes to drive premium packaging demand
3.2.2 High credit card sales to prompt impulse buying
3.3 Shopping Behavior
3.3.1 High Internet and smartphone penetration to boost secondary packaging demand
3.3.2 Busy lifestyles will drive demand for ready-to-eat food products
3.3.3 Rising health concerns increase demand for functional food products
3.3.4 Growing cosmetics demand to expand packaging market
4 Market Dynamics
4.1 Overview
4.1.1 South Korean Packaging by Material
4.1.2 South Korean Packaging by Market
4.1.3 South Korean Packaging by Type
4.2 Flexible Packaging
4.2.1 Overall Flexible Packaging Market
4.2.2 Number of Flexible Packaging Packs by Market
4.2.3 Number of Flexible Packaging Packs by Type
4.2.4 Number of Flexible packaging Packs by Closure Material
4.2.5 Number of Flexible Packaging Packs by Closure Type
4.2.6 Number of Flexible Packaging Packs by Outer Material
4.2.7 Number of Flexible Packaging Packs by Outer Type
4.3 Paper & Board
4.3.1 Overall Paper & Board Packaging Market
4.3.2 Number of Paper & Board Packs by Market
4.3.3 Number of Paper & Board Packs by Type
4.3.4 Number of Paper & Board Packs by Closure Material
4.3.5 Number of Paper & Board Packs by Closure Type
4.3.6 Number of Paper & Board Packs by Outer Material
4.3.7 Number of Paper & Board Packs by Outer Type
4.4 Rigid Plastics
4.4.1 Overall Rigid Plastic Packaging Market
4.4.2 Number of Rigid Plastic Packs by Market
4.4.3 Number of Rigid Plastic Packs by Type
4.4.4 Number of Rigid Plastic Packs by Closure Material
4.4.5 Number of Rigid Plastic Packs by Closure Type
4.4.6 Number of Rigid Plastic Packs by Outer Material
4.4.7 Number of Rigid Plastic Packs by Outer Type
4.5 Rigid Metal
4.5.1 Overall Rigid Metal Packaging Market
4.5.2 Number of Rigid Metal Packs by Market
4.5.3 Number of Rigid Metal Packs by Type
4.5.4 Number of Rigid Metal Packs by Closure Material
4.5.5 Number of Rigid Metal Packs by Closure Type
4.5.6 Number of Rigid Metal Packs by Outer Material
4.5.7 Number of Rigid Metal Packs by Outer Type
4.6 Glass
4.6.1 Overall Glass Packaging Market
4.6.2 Number of Glass Packs by Market
4.6.3 Number of Glass Packs by Type
4.6.4 Number of Glass Packs by Closure Material
4.6.5 Number of Glass Packs by Closure Type
4.6.6 Number of Glass Packs by Outer Material
4.6.7 Number of Glass Packs by Outer Type
5 Packaging Design and Manufacturing Trends
5.1 Key Design Trends
5.1.1 Innovative design offering convenience is one of the key packaging trends in South Korea
5.1.2 Innovation in cosmetic products aimed at gaining product visibility
5.1.3 Closures are a key opportunity for lightweighting to reduce costs
5.1.4 New inventions in labels for improved readability and recyclability
5.1.5 Packaging firms need to more closely align themselves with manufacturers’ needs
5.2 Key Manufacturing Trends
5.2.1 Manufacturing processes adopting latest technological advancements in food packaging
5.2.2 Advancement of airless technology improves cosmetic packaging
5.2.3 Environmentally-friendly packaging material use on the rise
5.2.4 Difficulties in raw material procurement are driving up costs
6 Regulatory Environment
6.1 Overview
6.2 Key Directives and Laws
6.2.1 Control on Packaging waste
6.2.2 Food labeling standards
6.2.3 Recycling targets
7 Competitive Landscape
7.1 Competitive Landscape by Packaging Material
7.1.1 Paper & Board
7.1.2 Metal
7.1.3 Rigid Plastics
7.1.4 Flexible Packaging
7.1.5 Glass
7.2 Key Companies in South Korea Packaging Industry
7.3 Key Financial Deals
8 Appendix
8.1 What is this Report About?
8.2 Time Frame
8.3 Product Category Coverage
8.4 Packaging Definitions
8.4.1 Primary Packaging Container
8.4.2 Primary Packaging Closure
8.4.3 Primary Packaging Outer
8.5 Methodology
8.5.1 Overall Research Program Framework
8.6 About Canadean
8.7 Disclaimer


List of Tables
Table 1: South Korea population by age groups, 2000,2012 and 2020 (projected)
Table 2: Comparison of South Korean GDP growth rate with selected developed nations for 2007–2012
Table 3: South Korea online retail sales (KRW Billion) and online retail sales penetration (%), 2007–2017
Table 4: South Korea Packaging by Material (Number of Packs, Million), 2010, 2013 and 2016
Table 5: South Korea Packaging by Market (Number of Packs, Million), 2010, 2013 and 2016
Table 6: South Korea Packaging by Type (Number of Packs, Million), 2010, 2013 and 2016
Table 7: Number of Flexible Packaging Units (Millions) and Annual Growth (%),2010–2016
Table 8: South Korea Flexible Packaging by Market (Number of Packs, Million), 2010, 2013 and 2016
Table 9: South Korean Flexible Packaging by Type (Number of Packs, Million), 2010, 2013 and 2016
Table 10: South Korean Flexible Packaging by Closure Material (Number of Packs, Million), 2010, 2013 and 2016
Table 11: South Korean Flexible Packaging by Closure Type (Number of Packs, Million), 2010, 2013 and 2016
Table 12: South Korean Flexible Packaging by Outer Material (Number of Packs, Million), 2010, 2013 and 2016
Table 13: South Korean Flexible Packaging by Outer Type (Number of Packs, Million), 2010, 2013 and 2016
Table 14: Number of Paper & Board Packaging Units (Millions) and Annual Growth (%), 2010–2016
Table 15: South Korean Paper & Board Packaging by Market (Number of Packs, Million), 2010, 2013 and 2016
Table 16: South Korea Paper & Board Packaging by Type (Number of Packs, Million), 2010, 2013 and 2016
Table 17: South Korea Paper & Board Packaging by Closure Material (Number of Packs, Million), 2010, 2013 and 2016
Table 18: South Korea Paper & Board Packaging by Closure Type (Number of Packs, Million), 2010, 2013 and 2016
Table 19: South Korea Paper & Board Packaging by Outer Material (Number of Packs, Million), 2010, 2013 and 2016
Table 20: South Korea Paper & Board Packaging by Outer Type (Number of Packs, Million), 2010, 2013 and 2016
Table 21: Number of Rigid Plastic Packaging Units (Millions) and Annual Growth (%), 2010–2016
Table 22: South Korea Rigid Plastic Packaging by Market (Number of Packs, Million), 2010, 2013 and 2016
Table 23: South Korean Rigid Plastic Packaging by Type (Number of Packs, Million), 2010, 2013 and 2016
Table 24: South Korea Rigid Plastic Packaging by Closure Material (Number of Packs, Million), 2010, 2013 and 2016
Table 25: South Korea Rigid Plastic Packaging by Closure Type (Number of Packs, Million), 2010, 2013 and 2016
Table 26: South Korea Rigid Plastic Packaging by Outer Material (Number of Packs, Million), 2010, 2013 and 2016
Table 27: South Korea Rigid Plastic Packaging by Outer Type (Number of Packs, Million), 2010, 2013 and 2016
Table 28: Number of Rigid Metal Packaging Units (Millions) and Annual Growth (%), 2010–2016
Table 29: South Korea Rigid Metal Packaging by Market (Number of Packs, Million), 2010, 2013 and 2016
Table 30: South Korea Rigid Metal Packaging by Type (Number of Packs, Million), 2010, 2013 and 2016
Table 31: South Korean Rigid Metal Packaging by Closure Material (Number of Packs, Million), 2010, 2013 and 2016
Table 32: South Korea Rigid Metal Packaging by Closure Type (Number of Packs, Million), 2010, 2013 and 2016
Table 33: South Korea Rigid Metal Packaging by Outer Material (Number of Packs, Million), 2010, 2013 and 2016
Table 34: South Korea Rigid Metal Packaging by Outer Type (Number of Packs, Million), 2010, 2013 and 2016
Table 35: Number of Rigid Metal Packaging Units (Millions) and Annual Growth (%), 2010–2016
Table 36: South Korea Glass Packaging by Market (Number of Packs, Million), 2010, 2013 and 2016
Table 37: South Korea Glass Packaging by Type (Number of Packs, Million), 2010, 2013 and 2016
Table 38: South Korea Glass Packaging by Closure Material (Number of Packs, Million), 2010, 2013 and 2016
Table 39: South Korea Glass Packaging by Closure Type (Number of Packs, Million), 2010, 2013 and 2016
Table 40: South Korea Glass Packaging by Outer Material (Number of Packs, Million), 2010, 2013 and 2016
Table 41: South Korea Glass Packaging by Outer Type (Number of Packs, Million), 2010, 2013 and 2016
Table 42: Standards for Packaging Space Ratio and Packaging Layers
Table 43: Recycling rate and recycling goal by year and product/packaging material
Table 44: Standard recycling cost for items in 2010
Table 45: Key Financial Deals South Korea Packaging, 2012–2013
Table 46: Product Category Coverage
Table 47: Primary Packaging Container Materials
Table 48: Primary Packaging Container Types
Table 49: Primary Packaging Closure Materials
Table 50: Primary Packaging Closure Types
Table 51: Primary Packaging Outer Materials
Table 52: Primary Packaging Outer Types


List of Figures
Figure 1: Market share of major packaging materials (%), 2013
Figure 2: South Korea’s aged population share increasing over the years 2000, 2012, 2020
Figure 3: Increasing life expectancy in South Korea over the years 2000, 2012 and 2020
Figure 4: Mean household size is on a decline in South Korea(2000, 2012, 2020)
Figure 5: Increase in disposable income of South Koreans
Figure 6: Unemployment rate in South Korea, 2006–2012
Figure 7: Online Sales value(KRW Billion) and Online Sales penetration in South Korea has experienced a steady growth
Figure 8: Average weekly working hours on the main job for 2011
Figure 9: Functional food products
Figure 10:Regen’s mask introduced as an alternative to “V-shaping” surgery
Figure 11: Cosmetic products for men
Figure 12: South Korea Packaging by Material (Number of Packs, Million), 2010–2016
Figure 13: Sectors by Packaging Material with the Four Highest Growth Rates (%), 2010–2016
Figure 14: Sectors by Packaging Material with the Four Lowest Growth Rates (%), 2010–2016
Figure 15: Number of Flexible Packaging Units (Millions) and Annual Growth (%), 2010–2016
Figure 16: Sectors with the Largest Market Share Gains and Losses in South Korea Flexible Packaging, 2010–2016
Figure 17: Packaging Types with the Largest Market Share Gains and Losses in South Korea Flexible Packaging, 2010–2016
Figure 18: Number of Paper & Board Packaging Units (Millions) and Annual Growth (%), 2010–2016
Figure 19: Sectors with the Largest Market Share Gains and Losses in South Korea Paper & Board Packaging, 2010–2016
Figure 20: Packaging Types with the Largest Market Share Gains and Losses in South Korea Paper & Board Packaging 2010–2016
Figure 21: Closure Types with the Largest Market Share Gains and Losses in South Korea Paper & Board Packaging, 2010–2016
Figure 22: Outer Types with the Largest Market Share Gains and Losses in South Korea Paper & Board Packaging, 2010–2016
Figure 23: Number of Rigid Plastic Packaging Units (Millions) and Annual Growth (%), 2010–2016
Figure 24: Sectors with the Largest Market Share Gains and Losses in South Korea Rigid Plastic Packaging, 2010–2016
Figure 25: Packaging Types with the Largest Market Share Gains and Losses in South Korea Rigid Plastic Packaging, 2010–2016
Figure 26: Closure Types with the Largest Market Share Gains and Losses in South Korea Rigid Plastic Packaging, 2010–2016
Figure 27: Outer Types with the Largest Market Share Gains and Losses in South Korea Rigid Plastic Packaging, 2010–2016
Figure 28: Number of Rigid Metal Packaging Units (Millions) and Annual Growth (%), 2010–2016
Figure 29: Sectors with the Largest Market Share Gains and Losses in South Korea Rigid Metal Packaging, 2010–2016
Figure 30: Packaging Types with the Largest Market Share Gains and Losses in South Korea Rigid Metal Packaging, 2010–2016
Figure 31: Closure Types with the Largest Market Share Gains and Losses in South Korea Rigid Metal Packaging, 2010–2016
Figure 32: Number of Glass Packaging Units (Millions) and Annual Growth (%), 2010–2016
Figure 33: Sectors with the Largest Market Share Gains and Losses in South Korea Glass Packaging, 2010–2016
Figure 34: Closure Type with the Largest Market Share Gains and Losses in South Korea Glass Packaging, 2010–2016
Figure 35: Metallic Can which can be peeled effortlessly
Figure 36: Dual chambered juice bottle with two flavors
Figure 37: Gooksoo introduced easy-to-carry folding box for noodles
Figure 38: Ergonomic designs of large oil bottles for easy pour
Figure 39: Pack design that minimizes product wastage
Figure 40: Plastics in cosmetic products imitating looks of medical Glass tools
Figure 41: Convenient designs in cosmetic applicators
Figure 42: Lotte Korean Liquor brand is shifting to 28 mm lightweighted closure
Figure 43: Pulmuone used PS label to overcome problem of poor barcode readability
Figure 44: Wash-off label for easy recyclability
Figure 45: Key concerns of consumer goods manufacturers and packaging manufacturers, 2013
Figure 46: Laser film perforation technology in bags of bean sprouts for prolonged product freshness
Figure 47: Moisture absorption materials built in the packaging
Figure 48: Airless technology in various cosmetics pack types
Figure 49: Recycled packaging material used by South Korean companies
Figure 50: Crude Oil prices have risen sharply since 2003, and are forecast to remain high
Figure 51: South Korean Packaging Competitive Landscape
Figure 52: Methodology

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