South Korea Rigid Plastic Packaging Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 2.54% from 2023 to 2033
• The South Korea Rigid Plastic Packaging Market Size is Expected to Hold a Significant Share by 2033

The South Korea Rigid Plastic Packaging Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 2.54% from 2023 to 2033.

Market Overview

Rigid plastic packaging refers to containers and packaging materials made from hard, inflexible plastics. This kind of plastic packaging is very robust and capable of withstanding intense external pressures. It is often lightweight in nature, reducing shipping costs and environmental impact. Rigid plastic packaging is also available in various shapes and sizes in order to offer versatility in designs and functions. It can offer excellent barrier properties against moisture, oxygen, and contaminants, which helps maintain the quality of the products. It can protect products from physical damage, moisture, and contamination through transportation and storage. It can be tailored for specific product requirements and is very common with food containers, among others, such as bottles, jars, and trays. It is also used for safety and tamper resistance in packing medicines and other healthcare products. Apart from this, because it is recyclable and has sustainability, rigid plastic packaging is in rising demand in South Korea.

Report Coverage

This research report categorizes the market for South Korea rigid plastic packaging market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea rigid plastic packaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the South Korea rigid plastic packaging market.

Driving Factors

Demand from end-use industries such as food & beverages, cosmetics & toiletries, and healthcare has increased demand in the rigid plastic packaging market. The largest share of this industry is in the food & beverage industry; growth in this industry will focus attention on the growth potential for rigid plastics in packaging. The retail industry, which is currently experiencing a shift from unorganized to organized retail, will also spur the demand for rigid plastics in the packaging material. Rigid plastic packaging is considered one of the most significant consumers in the beverage industry, primarily because it seals the content inside the container to retain the product's quality and freshness.

Restraining Factors

Flexible packaging is one such kind of packing whose form can be altered as per the requirement of the product or content that it is to carry inside. Such flexible materials comprise a much lower density and thickness in comparison to rigid packaging. It also bounces from vehicles while falling off during transportation, causing no damage without providing quality safety to the products. The ease of making it easily customizable and printable along with other benefits of rigid plastic packaging hampers market growth.

Market Segment

The South Korea rigid plastic packaging market share is classified into product and end-use industry.

• The bottles & jars segment is expected to hold the largest market share through the forecast period.

The South Korea rigid plastic packaging market is segmented by product into bottles & jars, trays & containers, caps & closures, and others. Among these, the bottles & jars segment is expected to hold the largest market share through the forecast period. Bottles and jars are used across an array of growth end-use industries, such as food & beverage, pharmaceutical, automotive, building & construction, among others. Besides this, plastic bottles and jars can be in any form and are lightweight and abrasion-resistant. The easy recyclability and reusability of plastic bottles are driving the market for plastic bottles and jars.

• The food & beverages segment is expected to hold the largest market share through the forecast period.

The South Korea rigid plastic packaging market is segmented by end-use industry into food & beverages, personal care & cosmetics, household, healthcare, and others. Among these, the food & beverages segment is expected to hold the largest market share through the forecast period. This segment is being strengthened by the shifting preferences of people and changing trends toward the consumption of packed food. The growing health consciousness of all generations and an increased consumption level of healthy drinks, such as protein shakes and milk products, among others, remain some of the prime growth drivers of this segment-the food & beverage segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea rigid plastic packaging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Amcor
• Berry Global
• Silgan Holdings
• Sonoco Product Company
• Mauser Packaging Solutions
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea rigid plastic packaging market based on the below-mentioned segments

South Korea Rigid Plastic Packaging Market, By Product

• Bottles & Jars
• Trays & Containers
• Caps & Closures
• Others

South Korea Rigid Plastic Packaging Market, By End Use Industry

• Food & Beverages
• Personal Care & Cosmetics
• Household
• Healthcare
• Others