South Korea Glass Manufacturing Market Size & Outlook
South Korea glass manufacturing market, 2018-2030 (US$M)
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South Korea glass manufacturing market highlights
- The South Korea glass manufacturing market generated a revenue of USD 866.6 million in 2021 and is expected to reach USD 1,535.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.6% from 2022 to 2030.
- In terms of segment, container glass was the largest revenue generating material in 2021.
- Flat Glass is the most lucrative material segment registering the fastest growth during the forecast period.
Glass manufacturing market data book summary
| Market revenue in 2021 | USD 866.6 million |
| Market revenue in 2030 | USD 1,535.3 million |
| Growth rate | 6.6% (CAGR from 2021 to 2030) |
| Largest segment | Container glass |
| Fastest growing segment | Flat Glass |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Container Glass, Flat Glass, Fiber Glass |
| Key market players worldwide | AGC Inc, Fuyao Glass Industry Group Co Ltd ADR, Compagnie de Saint-Gobain SA, O-I Glass Inc, Vitro SAB de CV Class A, Luck Oka film Pharmaceutical, Nihon Yamamura Glass, Guardian Glass Services, AGI glaspac, 3B Fiberglass |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global glass manufacturing market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China glass manufacturing 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 2,810.4 million by 2030.
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Glass Manufacturing Market Scope
Glass Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea glass manufacturing 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 glass manufacturing market will help companies and investors design strategic landscapes.
Container glass was the largest segment with a revenue share of 45.98% in 2021. Horizon Databook has segmented the South Korea glass manufacturing market based on container glass, flat glass, fiber glass covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean glass market is anticipated to witness an increase in demand owing to increase in packaged food & beverage consumption and strict recycling laws implemented by the government. For instance, in the first half of 2021, the market for packaged beverages expanded nearly 6%.
Also, the increasing production of ready-to-drink beverages is likely to boost the manufacturing of glass bottles and containers. Investments in EV manufacturing are also anticipated to boost the demand for glass.
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Target buyers of South Korea glass manufacturing market databook
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Our clientele includes a mix of glass manufacturing 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 glass manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea glass manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea glass manufacturing market size, by material, 2018-2030 (US$M)
South Korea Glass Manufacturing Market Outlook Share, 2021 & 2030 (US$M)
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