South Korea’s soft drink packaging market is expected to grow at a CAGR of 2.3% in terms of sales volume over the forecast period 2017 - 2022.
Soft drink packaging showed a moderate growth rate in 2014 due to the better performance of rigid plastic packaging in certain soft drink categories. However, the glass packaging market is being replaced by plastic packaging in South Korea. Non-alcoholic beverages accounted for more than 8% of the overall consumer expenditure in 2014. With growing disposable incomes, South Korean consumers are seeking products that offer convenience. Manufacturers have introduced a new concept of carbonates including natural ingredients to capitalize on the health-conscious consumers. Powder concentrates with less sugar and lower calories are popular as a result of the health and fitness trend.
The majority of carbonated soft drinks are sold in aluminum cans and PET bottles. They are also sold in bulk in the food service industry through soda fountains. Only a very small portion of CSDs are still packaged in glass bottles, and these are usually packaged in smaller sizes, due to changing consumer preferences and lifestyles as well as increased costs associated with transporting heavy, low-volume glass containers versus high volume-to-packaging ratio PET bottles and aluminum cans.
South Korea’s soft drink packaging market is segmented on the basis of material (plastic, paper, metal, and glass), soft drink product (juices, bottled water, energy drinks, ready-to-drink (RTD), and carbonates), and products (beverage cans, PET bottles, and boxes).
This report gives a detailed study of Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis. The report considers key trends that will impact the industry and profiles the leading suppliers of South Korea’s soft drink packaging market.
Some of the top companies mentioned in the report are:
- Alcoa
- Amcor
- Crown Holdings
- Nuconic Packaging
- Owens-Illinois
- Pactiv
- Placon
- Rexam
- Rock-Tenn
- Tetra Pak International
- The Scoular Company
- Toyo Seikan
What the Report Offers
- Market definition for South Korea’s soft drink packaging market, along with identification of key drivers and restraints
- Market analysis for South Korea’s soft drink 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 soft drink 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
