South Korea Wine Packaging Market Overview
According to SPER Market Research, the South Korea Wine Packaging Market is estimated to reach USD 0.085 billion by 2033 with a CAGR 5.78%.
Wine packaging refers to the various containers used to store and transport wine. Bottles, cans, cartons, bags, and even pouches are examples of these containers. The bottle is the most common kind of wine packaging, and it comes in a variety of sizes and shapes. Bottles can be constructed of glass or plastic and are normally sealed with a cork or screw cap. Wine boxes are extremely popular, especially storing bigger volumes of wine. They are typically made of cardboard and may carry numerous bottles at once. In conclusion, wine packaging is an essential aspect to take consideration for both winemakers and customers because it can alter the wine's quality and flavour as well as its environmental impact.
Exploring the Growth Drivers of the South Korea Wine Packaging Industry
The South Korea wine packaging market has grown significantly in recent years, owing to a number of fundamental factors. Firstly, wine consumption in South Korea has increased in recent years, driven by changing consumer preferences and rising disposable incomes. As more people choose wine as their beverage of choice, the need for wine packaging has grown. Secondly, South Korea wine packaging makers have been innovative in inventing new materials and designs that improve usefulness, durability, and aesthetic appeal. This has enabled them differentiate their products and suit the market's changing wants. Thirdly, the South Korea government has put laws and initiatives in place to help the wine sector thrive, such as tax breaks for wine imports and investments in wine-related infrastructure. This has contributed to the development of a favourable business environment for wine packaging manufacturers. Furthermore, South Koreans are becoming more aware of environmental issues, and they are looking for eco-friendly packaging solutions.
What challenges does the South Korea Wine Packaging Market face?
Cultural preferences, limited domestic production, intense competition, legal limits, and environmental concerns all pose hurdles to the South Korea wine packaging market. These constraints can have an impact on wine packaging demand, limit prospects for local businesses, and increase pressure to innovate and differentiate from competition.
In what ways has the COVID-19 pandemic affected South Korea Wine Packaging Market?
The COVID-19 epidemic, which has damaged the whole global wine sector, has had a huge influence on the South Korea wine packaging market. South Korea demand for wine has fallen due to the introduction of social distancing measures, travel restrictions, and the closure of restaurants and pubs. The drop in wine demand has resulted in a drop in demand for wine packaging materials such as glass bottles, closures, and labels. As a result, manufacturing and sales of wine packaging materials in South Korea have decreased.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material Type, By Product, By Sales Channel
|
| Regions covered | Eastern Region, Northern Region, Southern Region,
|
| Companies Covered | Amchor Group GmgH, Avery Dennison Corporation, Dongwon Systems, International paper Company, SIG Group, Tetra Pak Group, Others.
|
Key Target Audience:
- Wineries and Vineyards
- Wine distributors and Retailers
- Wine enthusiasts
- Restaurants and bars
- Event planners and caterers
South Korea Wine Packaging Market Segmentation:
1. By Material Type:
- South Korea Wine Packaging Market Value Share and Forecast, By Material Type, 2023-2033
- Glass
- Metal
- Paper Board
- Plastics
2. By Products:
- South Korea Wine Packaging Market Value Share and Forecast, By Products, 2023-2033
- Bottles
- Bag in Box
- Closures
- Others
3. By Sales Channel:
- South Korea Wine Packaging Market Value Share and Forecast, By Sales Channel, 2023-2033
- Offline
- Online
4. By Region:
- Eastern Region
- Northern Region
- Southern Region
Key Topics Covered in the Report:
- South Korea Wine Packaging Market Size (FY’2023-FY’2033)
- Overview of South Korea Wine Packaging Market
- Segmentation of South Korea Wine Packaging Market By Material Type (Glass, Metal, paper Board, Plastics)
- Segmentation of South Korea Wine Packaging Market By Product (Bottles, Bag in Box, Closure, Others)
- Segmentation of South Korea Wine Packaging Market By Sales Channel (Offline, Online)
- Statistical Snap of South Korea Wine Packaging Market
- Growth Analysis of South Korea Wine Packaging Market
- Problems and Challenges in South Korea Wine Packaging Market
- Competitive Landscape in the South Korea Wine Packaging Market
- Impact of COVID-19 and Demonetization on South Korea Wine Packaging Market
- Details on Recent Investment in South Korea Wine Packaging Market
- Competitive Analysis of South Korea Wine Packaging Market
- Key Players in the South Korea Wine Packaging Market
- SWOT Analysis of South Korea Wine Packaging Market
- South Korea Wine Packaging Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Wine Packaging Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Wine Packaging Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Wine Packaging Market
7. South Korea Wine Packaging Market, By Material Type (USD Million)
7.1. South Korea Wine Packaging Market Value Share and Forecast, By Material Type, 2023-2033
7.2. Glass
7.3. Metal
7.4. Paper Board
7.5. Plastics
8. South Korea Wine Packaging Market, By Products (USD Million)
8.1. South Korea Wine Packaging Market Value Share and Forecast, By Products, 2023-2033
8.2. Bottles
8.3. Bag in Box
8.4. Closures
8.5. Others
9. South Korea Wine Packaging Market, By Sales Channel (USD Million)
9.1. South Korea Wine Packaging Market Value Share and Forecast, By Sales Channel, 2023-2033
9.2. Offline
9.3. Online
10. South Korea Wine Packaging Market Forecast, 2019-2033 (USD Million)
10.1. South Korea Wine Packaging Market Size and Market Share
11. South Korea Wine Packaging Market, By Material Type, 2019-2033 (USD Million)
11.1. South Korea Wine Packaging Market Size and Market Share by Material Type (2019-2026)
11.2. South Korea Wine Packaging Market Size and Market Share by Material Type (2027-2033)
12. South Korea Wine Packaging Market, By Product, 2019-2033 (USD Million)
12.1. South Korea Wine Packaging Market Size and Market Share by Product (2019-2026)
12.2. South Korea Wine Packaging Market Size and Market Share by Product (2027-2033)
13. South Korea Wine Packaging Market, By Sales Channel, 2019-2033 (USD Million)
13.1. South Korea Wine Packaging Market Size and Market Share by Sales Channel (2019-2026)
13.2. South Korea Wine Packaging Market Size and Market Share by Sales Channel (2027-2033)
14. South Korea Wine Packaging Market, By Region, 2019-2033 (USD Million)
14.1. South Korea Wine Packaging Market Size and Market Share by Region (2019-2026)
14.2. South Korea Wine Packaging Market Size and Market Share by Region (2027-2033)
14.3. Eastern Region
14.4. Northern Region
14.5. Southern Region
15. Company Profile
15.1. Amcor group GmgH
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Avery Dennison Corporation
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Dongwon Systems
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. International Paper Company
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. SIG Group
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Tetra Pak Group
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Others
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. The Estée Lauder Companies Inc.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Unilever PLC
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Yves Rocher
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
