South Korea Flexible Packaging Market Size & Outlook
South Korea flexible packaging market, 2018-2030 (US$M)
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South Korea flexible packaging market highlights
- The South Korea flexible packaging market generated a revenue of USD 9,536.5 million in 2023 and is expected to reach USD 12,992.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating raw material in 2023.
- Metal is the most lucrative raw material segment registering the fastest growth during the forecast period.
Flexible packaging market data book summary
| Market revenue in 2023 | USD 9,536.5 million |
| Market revenue in 2030 | USD 12,992.8 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Metal |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Paper, Metal, Bioplastics |
| Key market players worldwide | Amcor PLC, Mondi PLC, Huhtamäki Oyj, Sonoco Products Co, Constantia Flexibles, Berry Global Group Inc, Transcontinental Inc Shs -A- Voting Subord., Coveris, DS Smith PLC, Allegion PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Cosmo Films, Graphic Packaging Holding Co, Bemis Manufacturing, ProAmpac, Flexpak, Flex-Pack Engineering, Novolex, Sigma Plastics Group, Bischof + Klein, SÜDPACK, American Packaging Corporation |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.5% of the global flexible packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexible packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,251.1 million by 2030.
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Flexible Packaging Market Scope
Flexible Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea flexible packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexible packaging market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 57.37% in 2023. Horizon Databook has segmented the South Korea flexible packaging market based on plastics, paper, metal, bioplastics covering the revenue growth of each sub-segment from 2018 to 2030.
The flexible packaging market in South Korea has experienced significant growth in the past decade, driven by changing consumer preferences, technology advancements, and rising demand for convenient and lightweight packaging solutions. South Korea's food & beverage industry is a major consumer of flexible packaging.
Snack items, beverages, processed foods, and dairy products often come in flexible pouches and bags as they provide convenience, protection, and shelf appeal. Cosmetics industry in South Korea, known as K-beauty, is renowned globally for its innovative products. Many cosmetics brands, such as A more pacific, LG Household & Health Care, and The Face Shop, utilize flexible packaging for products like creams, lotions, masks, and hair care items.
Flexible packaging helps these brand maintain their product freshness and increase their market appeal. In pharmaceutical sector, companies like Green Cross and Hanmi Pharmaceutical use flexible packaging for products such as tablets, capsules, and medical supplies. Pharmaceutical industry values flexible packaging for its ability to provide barrier protection and maintain product integrity.
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Target buyers of South Korea flexible packaging market databook
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Our clientele includes a mix of flexible packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea flexible packaging market , including forecasts for subscribers. This country databook contains high-level insights into South Korea flexible packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea flexible packaging market size, by raw material, 2018-2030 (US$M)
South Korea Flexible Packaging Market Outlook Share, 2023 & 2030 (US$M)
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