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Latest Trends and Key Issues in the South Korean Retail Packaging Market the Outlook for Primary Packaging Containers, Closures and Outers

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Latest Trends and Key Issues in the South Korean Retail Packaging Market the Outlook for Primary Packaging Containers, Closures and Outers 1. Industry Forecast Latest Trends and Key Issues in the South Korean Retail Packaging Market The Outlook for Primary Packaging Containers, Closures and Outers Reference Code: PK1115MR Published: January 2014 www.canadean-winesandspirits.com Latest Trends and Key Issues in the South Korean Retail Packaging Market Published: January 2014 Table of Contents 1. Executive Summary ................................................................................... 8 2. Overview of South Korea Packaging Market.......................................... 10 3. Consumer Drivers .................................................................................... 13 3.1 Aging population and smaller households to drive demand for smaller packs ................................................................................................................. 13 3.1.1 Aging South Koreans will prefer convenient pack formats ................................................ 13 3.1.2 Declining household size to spur demand for single-serve packs .................................... 15 3.2 Positive macro-economic trends are a strong indicator for packaging demand .............................................................................................................. 16 3.2.1 Low unemployment and high disposable incomes to drive premium packaging demand 16 3.2.2 High credit card sales to prompt impulse buying .............................................................. 18 3.3 Shopping Behavior ............................................................................................. 19 3.3.1 High Internet and smartphone penetration to boost secondary packaging demand ........ 19 3.3.2 Busy lifestyles will drive demand for ready-to-eat food products ...................................... 20 3.3.3 Rising health concerns increase demand for functional food products ............................. 21 3.3.4 Growing cosmetics demand to expand packaging market ................................................ 22 4. Market Dynamics ...................................................................................... 25 4.1 Overview ............................................................................................................ 25 4.1.1 South Korean Packaging by Material ................................................................................ 25 4.1.2 South Korean Packaging by Market .................................................................................. 28 4.1.3 South Korean Packaging by Type ..................................................................................... 29 4.2 Flexible Packaging ............................................................................................. 30 4.2.1 Overall Flexible Packaging Market .................................................................................... 30 4.2.2 Number of Flexible Packaging Packs by Market ............................................................... 31 4.2.3 Number of Flexible Packaging Packs by Type .................................................................. 32 4.2.4 Number of Flexible Packaging Packs by Closure Material ............................................... 33 4.2.5 Number of Flexible Packaging Packs by Closure Type .................................................... 33 4.2.6 Number of Flexible Packaging Packs by Outer Material ................................................... 34 4.2.7 Number of Flexible Packaging Packs by Outer Type ........................................................ 34 4.3 Paper & Board ................................................................................................... 35 4.3.1 Overall Paper & Board Packaging Market......................................................................... 35 4.3.2 Number of Paper & Board Packs by Market ..................................................................... 36 4.3.3 Number of Paper & Board Packs by Type ........................................................................ 37 4.3.4 Number of Paper & Board Packs by Closure Material ...................................................... 38 4.3.5 Number of Paper & Board Packs by Closure Type ........................................................... 38 4.3.6 Number of Paper & Board Packs by Outer Material ......................................................... 39 4.3.7 Number of Paper & Board Packs by Outer Type .............................................................. 40 2 ©Canadean 2014. This product is licensed and is not to be photocopied. Reference code: PK1115MR Latest Trends and Key Issues in the South Korean Retail Packaging Market Published: January 2014 4.4 Rigid Plastics ..................................................................................................... 41 4.4.1 Overall Rigid Plastic Packaging Market ............................................................................ 41 4.4.2 Number of Rigid Plastic Packs by Market ......................................................................... 42 4.4.3 Number of Rigid Plastic Packs by Type ............................................................................ 43 4.4.4 Number of Rigid Plastic Packs by Closure Material .......................................................... 44 4.4.5 Number of Rigid Plastic Packs by Closure Type ............................................................... 44 4.4.6 Number of Rigid Plastic Packs by Outer Material ............................................................. 45 4.4.7 Number of Rigid Plastic Packs by Outer Type .................................................................. 46 4.5 Rigid Metal ......................................................................................................... 47 4.5.1 Overall Rigid Metal Packaging Market .............................................................................. 47 4.5.2 Number of Rigid Metal Packs by Market ........................................................................... 48 4.5.3 Number of Rigid Metal Packs by Type .............................................................................. 49 4.5.4 Number of Rigid Metal Packs by Closure Material ............................................................ 50 4.5.5 Number of Rigid Metal Packs by Closure Type ................................................................ 50 4.5.6 Number of Rigid Metal Packs by Outer Material ............................................................... 51 4.5.7 Number of Rigid Metal Packs by Outer Type .................................................................... 52 4.6 Glass ................................................................................................................. 53 4.6.1 Overall Glass Packaging Market ....................................................................................... 53 4.6.2 Number of Glass Packs by Market .................................................................................... 54 4.6.3 Number of Glass Packs by Type ....................................................................................... 55 4.6.4 Number of Glass Packs by Closure Material .................................................................... 55 4.6.5 Number of Glass Packs by Closure Type ......................................................................... 56 4.6.6 Number of Glass Packs by Outer Material ........................................................................ 57 4.6.7 Number of Glass Packs by Outer Type ............................................................................. 57 5. Packaging Design and Manufacturing Trends ....................................... 58 5.1 Key Design Trends ............................................................................................ 58 5.1.1 Innovative design offering convenience is one of the key packaging trends in South Korea ................................................................................................................................. 58 5.1.2 Innovation in cosmetic products aimed at gaining product visibility .................................. 61 5.1.3 Closures are a key opportunity for light weighting to reduce costs ................................... 64 5.1.4 New inventions in labels for improved readability and recyclability .................................. 65 5.1.5 Packaging firms need to more closely align themselves with manufacturers’ needs ....... 67 5.2 Key Manufacturing Trends ................................................................................. 68 5.2.1 Manufacturing processes adopting latest technological advancements in food packaging .......................................................................................................................... 68 5.2.2 Advancement of airless technology improves cosmetic packaging .................................. 70 5.2.3 Environmentally-friendly packaging material use on the rise ............................................ 71 5.2.4 Difficulties in raw material procurement are driving up costs ............................................ 72 6. Regulatory Environment .......................................................................... 73 3 ©Canadean 2014. This product is licensed and is not to be photocopied. Reference code: PK1115MR Latest Trends and Key Issues in the South Korean Retail Packaging Market Published: January 2014 6.1 Overview ...........................................................................................................
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