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South Korea Cosmetics Packaging Market Share, Size, Growth, Trends, Analysis, Forecast: By Type: Bottles, Jars, Tubes, Containers, Flexible Plastics, Folding Cartons, Others; By Material: Metal, Glass, Rigid Plastic, Paper-based, Flexible Packaging; By Application; By Provinces; Competitive Landscape; Industry Events and Developments; 2024-2032
South Korea Cosmetics Packaging Market Outlook
The South Korea Cosmetics Packaging market is expected to grow at a CAGR of about 1.1% in the forecast period of 2024-2032. The surge of social media, celebrity influence, and the expansion of e-commerce platforms are anticipated to scale up the market growth during the mentioned forecast period.
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Expanding E-Commerce and Entertainment Industry are Bolstering the Market Growth
Cosmetics and personal-care items are used to maintain hygiene, enhance looks, and also help raise self-esteem and confidence. The entertainment industry makes great use of cosmetics. As a result, the market for cosmetic packaging is expanding due to the ongoing need for cosmetic items. A wide variety of cosmetics, including powder, liquid, and creams, are available. Hence, an extensive range of cosmetic packaging in various volume capacities, designs, and shapes is in demand. The marketing of cosmetic products also uses cosmetic packaging. An appealing packaging helps in attracting the customers' attention and consequently bolsters the market growth.
The market is further growing due to the expansion of e-commerce, the high demand for cosmetics in daily life and the rise of social media influencers. South Korea has an ageing population, and society puts a lot of emphasis on exterior looks, which boosts cosmetics consumption in the country. Hence, the cosmetics packaging sector is anticipated to proliferate as the population ages. Improved living standards, a fast and busy lifestyle, and increased discretionary spending contribute to the market's expansion.
The e-commerce industry is benefiting from the expanding smartphone market and rising internet usage, boosting online sales of cosmetics. Social media and celebrities' influence has significantly changed peoples' habits and preferences during the past few years. Musician and actress IU became CNP Laboratory's ambassador , making the brand popular overseas. Similarly, VT cosmetics, known for their innovative skin science technology and fashionable packaging, collaborated with BTS member V, propelling the cosmetics and cosmetics packaging market even further.
Market Segmentation
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The primary goal of packaging is to protect the goods from air, light, heat, cold, moisture, dust, etc. In addition to serving as a means of containment, cosmetic packaging also helps improve appearances. The ingredients of the cosmetic are listed on the packaging, as well as the logo of the cosmetic manufacturer.
Based on type, the South Korea cosmetics packaging market can be segmented into:
- Bottles
- Jars
- Tubes
- Containers
- Flexible Plastics
- Folding Cartons
- Others
Based on material, the cosmetics packaging market of South Korea can be segmented into:
- Metal
- Glass
- Rigid Plastic
- Paper-based
- Flexible Packaging
On the basis of application, the South Korea cosmetics packaging market can be divided into:
- Skincare
- Colour Cosmetic
- Hair Care
- Fragrances and Perfumes
- Oral Care
- Others
On the basis of provinces, the South Korea cosmetics packaging market can be bifurcated into:
- North Chungcheong
- South Chungcheong
- Gangwon
- Gyeonggi
- North Gyeongsang
- South Gyeongsang
- South Jeolla
- Jeju Special Self-Governing Province
Sustainable Alternatives Like Paper-Based Packaging and Government Norms to Augment the Market for Eco-Friendly Packaging
The market for cosmetic packaging is anticipated to experience growth in the paper-based sector. It is a highly sought-after material for cosmetics packaging due to factors like recyclability, ease of maintenance, and the use of eco-friendly substances in the production of packaging products.
South Korea implemented Recycling of Resources Act as they aim to increase their recycling rate from 30% to 70% by 2030. The Recycling Act stipulates requirements for packaging materials' capacity to be recycled, both for their design and those that are challenging to recycle such as PVC and coloured PET bottles. Due to the rapid growth and expansion of cosmetic products throughout South Korea, cosmetic packaging has become increasingly popular. The demand for innovative, attractive, and environmentally friendly cosmetic packaging is being driven by appeal from cosmetic brands.
People's visual perception is susceptible to colour. In the cosmetics packaging industry, colour design is crucial. The ideal fusion of psychological and physical functions properly represents the product's qualities and can grab consumers' attention in successful product packaging. Different colours and packaging are created for target clients. For example, dark hues like black, scarlet, and purple are commonly utilized in lines of items that emphasize originality and efficiency, giving customers a sense of elegance, charisma, and nobility. Therefore, packaging made keeping in mind the consumer’s perspective and characteristics further propels the consumption of the product, which boosts the packaging market.
The durability of bottle packaging can be attributed to its dominant market position. Most people choose plastic bottles since they are lightweight, convenient to carry, and not easily breakable. Additionally, the attractive and luxurious appearance of glass bottles is contributing to the rapidly growing demand for bottles for foundations, perfumes, and aromas.
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Use of Bioplastics in 3D Printing Technology is Anticipated to Gain a Significant Market Share in the Forecast Period
Improvements in 3D technologies have made it possible for makers of cosmetic packaging to create packaging with exquisite shapes and designs. The benefits of this technology go beyond just quick production and shape flexibility. The planet may greatly benefit from 3D printing. This technique can be characterised as ecological since it functions as a highly effective manufacturing method that can make use of a variety of recycled or environmentally friendly materials, such as bioplastics .
Plant-based polymers for 3D printing are relatively simple to process than oil-based plastics because they are made from natural and renewable resources. Additionally, they are odourless and food safe. Further, manufacturing firms are now using advanced technologies to promote sales of their cosmetics, such as introducing new products with natural and herbal ingredients of premium quality.
Key Players in the South Korean Cosmetics Packaging Market
The report gives a detailed analysis of the following key players in the South Korea cosmetics packaging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- APR Packaging Korea Inc.
- Cosmedique Co., Ltd.
- Korea Cosmetic. Packaging (KCP)
- Look To Go Co., Ltd (Sourcinglab)
- Yechan Co., Ltd.
- Dong Bang Plastic
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Material |
|
| Breakup by Application |
|
| Breakup by Provinces |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Regional
7 Industry Opportunities and Challenges
8 South Korea Cosmetics Packaging Market Analysis
8.1 Key Industry Highlights
8.2 South Korea Cosmetics Packaging Historical Market (2018-2023)
8.3 South Korea Cosmetics Packaging Market Forecast (2024-2032)
8.4 South Korea Cosmetics Packaging Market by Type
8.4.1 Bottles
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Jars
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Tubes
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Containers
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Flexible Plastics
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.4.6 Folding Cartons
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2023)
8.4.6.3 Forecast Trend (2024-2032)
8.4.7 Others
8.5 South Korea Cosmetics Packaging Market by Material
8.5.1 Metal
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Glass
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Rigid Plastic
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Paper-based
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Flexible Packaging
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.6 South Korea Cosmetics Packaging Market by Application
8.6.1 Skin Care
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Colour Cosmetic
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Hair Care
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Fragrances and Perfumes
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Oral Care
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 South Korea Cosmetics Packaging Market by Provinces
8.7.1 North Chungcheong
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 South Chungcheong
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Gangwon
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Gyeonggi
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 North Gyeongsang
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
8.7.6 South Gyeongsang
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2023)
8.7.6.3 Forecast Trend (2024-2032)
8.7.7 North Jeolla
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2023)
8.7.7.3 Forecast Trend (2024-2032)
8.7.8 South Jeolla
8.7.8.1 Market Share
8.7.8.2 Historical Trend (2018-2023)
8.7.8.3 Forecast Trend (2024-2032)
8.7.9 Jeju Special Self-Governing Province
8.7.9.1 Market Share
8.7.9.2 Historical Trend (2018-2023)
8.7.9.3 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 APR Packaging Korea Inc.
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Cosmedique Co., Ltd.
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Korea Cosmetic. Packaging (KCP)
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Look To Go Co., Ltd (Sourcinglab)
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Yechan Co., Ltd.
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Dong Bang Plastic
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Others
11 Industry Events and Developments
List of Key Figures and Tables
1. South Korea Cosmetics Packaging Market: Key Industry Highlights, 2017 and 2021
2. South Korea Cosmetics Packaging Historical Market: Breakup by Type (USD Million), 2018-2023
3. South Korea Cosmetics Packaging Market Forecast: Breakup by Type (USD Million), 2024-2032
4. South Korea Cosmetics Packaging Historical Market: Breakup by Material (USD Million), 2018-2023
5. South Korea Cosmetics Packaging Market Forecast: Breakup by Material (USD Million), 2024-2032
6. South Korea Cosmetics Packaging Historical Market: Breakup by Application (USD Million), 2018-2023
7. South Korea Cosmetics Packaging Market Forecast: Breakup by Application (USD Million), 2024-2032
8. South Korea Cosmetics Packaging Historical Market: Breakup by Province (USD Million), 2018-2023
9. South Korea Cosmetics Packaging Forecast: Breakup by Province (USD Million), 2024-2032
10. South Korea Cosmetics Packaging Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 1.1% between 2024 and 2032.
The growing popularity of Social media platforms, celebrity influence, creative and innovative packaging, increasing disposable income, durable and eco-friendly packaging are the major drivers.
Growing e-commerce and government’s initiative to promote recyclable packaging are the key trends in the market.
Bottles, jars, tubes, containers, flexible plastics, and folding cartons, among others, are the dominant types of packaging in the industry.
The major players in the industry are APR Packaging Korea Inc., Cosmedique Co., Ltd., Korea Cosmetic. Packaging (KCP), Look To Go Co., Ltd (Sourcinglab), Yechan Co., Ltd., and Dong Bang Plastic, among others.
Analyst Review
The South Korea cosmetics packaging market is expected to witness growth in the forecast period of 2024-2032, growing at a CAGR of 1.1%. The growth of online distribution channels and celebrity influence are driving the cosmetics packaging industry in South Korea.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Bottles, jars, tubes, containers, flexible plastics, and folding cartons, among others, are the dominant types of packaging in the industry. Based on material, the South Korea cosmetics packaging can be bifurcated into metal, glass, rigid plastic, paper-based, and flexible packaging. The key players in the above market include APR Packaging Korea Inc., Cosmedique Co., Ltd., Korea Cosmetic. Packaging (KCP), Look To Go Co., Ltd (Sourcinglab), Yechan Co., Ltd., and Dong Bang Plastic, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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