The home care packaging market in South Korea is projected to grow at a CAGR of XX% to USD XX billion by the end of 2022 from the value of USD XX billion in 2017. In the recent years, the home care products market has witnessed immense growth due to the increasing preference among individuals to lead a healthier lifestyle.
Increasing medical care costs are leading more number of people to opt for products and solutions that can reduce their medical bills and keep them safe. Manufacturers are trying to differentiate their offerings by opting for specific packaging solutions that convey useful information while keeping the products safe. The packaging market for this segment is set to witness high growth during the forecast period. Despite the economic setbacks, demand for home healthcare products has never declined and is directly proportional to that for packaging solutions.
Driven by advantages like durability, cost benefits, and versatility, plastic is one of the packaging materials majorly used by companies. R&D in increased durability and safety has found new entrants into the industry including polymers like PLA, biodegradable PHA (polyhydroxyalkanoate), bio PTT (poly trimethyl terephthalate), etc. However, high cost poses a challenge to their sustainability in the long run.
The home care packaging market is segmented based on the material used, products, and applications.
Some of the major companies mentioned in the report are:
- Amcor
- Bemis
- Mondi Group
- Rexam
- RPC Group
- Winpak
What the Report Offers
- Market definition for South Korea’s home care packaging market along with identification of key drivers and restraints for the market.
- Market analysis for South Korea’s home care packaging market with region-specific assessments and competition analysis on a regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect South Korea’s home care packaging market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
