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South Korea Wine Packaging Market Share, Size, Trends, Analysis, Growth, Forecast: By Material Type: Glass, Metal, Paper Board, Plastics; By Product: Bottles, Bag in Box, Closures, Others; By Sales Channel: Online Retail, Offline Retail; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

South Korea Wine Packaging Market Outlook

The South Korea wine packaging market size reached a value of more than USD 46.3 million in 2022. The South Korea wine packaging industry is expected to grow at a CAGR of 5.5% between 2023 and 2028, reaching a value of USD 63.3 million by 2028.

 

Key Trends in the South Korea Wine Packaging Market

The protection and preservation of the quality of the food or beverage contained therein is the primary purpose of food packaging. The main goal of wine packaging is to protect the wine from oxygen, carbon dioxide, moisture, light, and other elements while maintaining the flavour and scent of the final product. 

 

The Growing Consumer Inclination Toward the Convenient or on-the-go Packaging

Packaging trends, as well as the introduction of new concepts and materials, are of special interest. One of the most popular trends these days is convenience. When a big bottle is opened, the oxidation process starts right away. People, therefore, prefer adopting smaller on-the-go packaging. Consumer awareness about sustainability is continuing to rise, and fascinating developments are occurring with intelligent labels like NFC (near-field communication). While outdated concepts can continue, manufacturers need to adapt the way consumers think so that methods such as using thick glass bottles to indicate quality aren't employed. Convenient packaging such as cans and tetra packs among others are now much in demand, especially among generation Z and millennials who attend events such as concerts, matches, and festivals, which aids in the development of the wine packaging market in South Korea.

 

The Safety Standards and Alternate Packaging of Wine Impacts its Popularity

Wine is currently sold on the market packaged in a variety of materials, including glass, different plastics, metal, and even plastic-coated paper. From clay amphorae to single-serving plastic bottles, the packaging of wine has undergone a significant transformation over time. Over the years, there has been a gradual shift away from the notion that only expensive wine may be stored in glass bottles with a natural cork. Although glass is an inert material, the majority of customers do not age the wine for more than a few months, which allows the wine business to explore alternate packaging. Similar to food and beverage packaging, the popularity of wine packaging greatly depends on the age and usage of the customer. Among MZ generation cans, pouches, and tiny bags-in-a-box are common choices for occasions and outdoor social gatherings. They satisfy the safety standards and let customers enjoy their preferred beverages. However, these packaging choices pose significant problems for shelf life and ageing, which wineries and packaging designers must also take into account while working on wine packaging. The wine packaging industry is recognizing the possibility that product packaging might affect the consumer experience as it introduces alternative wine packaging opportunities in the market.

 

Natural Wine Gaining Traction Due to Growing Sustainability Awareness Among People, thereby, Boosting the Growth of the Wine Packaging Industry in South Korea

People who are becoming more environmentally concerned, especially younger generations, are now being drawn to natural wine since it is produced naturally without the use of artificial fertilisers. On the other hand, conventional wine may include up to 200 different chemical additions. The appeal of these natural wines also includes distinctive labels and packaging that are ideal for posting on Instagram, Snapchat, TikTok, and other social media platforms, which lend a positive impression of natural wine. Many brands now promote their products via social media influencers, which also helps aid market growth.

 

Health Benefits of Wine Make it a Preferable Alcoholic Drink, which Aids the Development of the Wine Packaging Industry

Polyphenols, which are antioxidants with a high concentration in grapes, have been found to lessen inflammation and oxidative stress. There is a link between higher antioxidant levels and a lower risk of illness. For instance, the consumption of red wine has been linked to a lower risk of Parkinson's and Alzheimer's disease, both of which are linked to oxidative stress. Alcoholic beverages like wine have anti-inflammatory benefits. Chronic inflammation is dangerous and raises the possibility of developing diseases including heart disease, autoimmune disorders, and some types of cancer. The high content of polyphenol antioxidants in red wine can reduce the likelihood of getting metabolic disorders, high blood pressure, and high cholesterol. According to recent research, red wine may even help persons with obesity metabolic syndrome indicators by encouraging the growth of healthy gut flora. These benefits motivate customers to opt for a healthier alcoholic drink, thereby boosting the expansion of the wine packaging market of South Korea.

 

Market Analysis

On the basis of material type, the South Korea wine packaging market is segmented into glass, metal, paper board, and plastics. Based on product, the wine packaging market of South Korea can be bifurcated into bottles, bag in box, and closures, among others. Based on sales channels, the wine packaging market of South Korea can be divided into online retail and offline retail.

 

  • Amcor Group GmbH
  • International Paper Company
  • Tetra Pak Group
  • SIG Group AG
  • Avery Dennison Corporation
  • Dongwon Systems
  • Others

 

Market Share by Material Type

The market for wine packaging is expanding as a result of growing considerations about packaging safety, an increased need for environmentally friendly packaging, and soaring demand for wine's supplemental packaging, such as carton partitions, racks, barrels, and trays. A further prerequisite for making the consumer safer packaging is that the wine packaging should be immune to flavour scalping, or the transfer of flavours from the box to the product. Wine is currently sold on the market packaged in a variety of materials, such as plastic, glass, aluminium, and even paper that has been wrapped in plastic (Tetra Pak). During the mentioned forecast period, environmental sustainability, and convenient and appealing packaging are majorly going to drive the growth of all the segments in the wine packaging industry.

 

Market Share by Type

Increasing health consciousness among people and numerous health advantages linked with consuming wine, along with increased purchasing power, drive the expansion of the wine packaging industry in South Korea.

 

New packaging alternatives, such as cans, are gaining popularity among younger generations. However, wine and aluminium don't get along, and the major problem with cans is that wine can taint over the course of a period. Therefore, if people anticipate keeping wine at home, bottles and bag in box, among others, are preferred. At locations like festivals and stadiums, can sales are relatively high, which is driven by convenience and sustainability.

 

Market Share by Sales Channel

With the growing inclination of consumers towards e-commerce platforms and the surge of social media marketing, people have now started opting for online distribution channels. Although, offline sales channels still hold a significant place in the market. With the growing awareness regarding the health benefits and high disposable income along with high living standards, more people are now shifting to wine, which is aiding the growth of the wine packaging market in South Korea.

 

Competitive Landscape

Amcor Group GmbH - Amcor Plc does business as a holding company involved in the consumer packaging industry. It operates in the Flexibles and Rigid Packaging segments. Flexible packaging is created and distributed internationally by the Flexibles division, and manufacturing of hard plastic containers and associated items is done under the Rigid Plastics division. The company's headquarters are in Warmley, England, where it was established in 1926. In order to manufacture packaging that is more useful, attractive, and economical for customers and their consumers, as well as more sustainable for the environment, Amcor makes use of its worldwide packaging knowledge and expertise in packaging and value chains.

 

Dongwon Systems- The Dongwon Systems Corporation makes and sells packaging and container goods. The company manufactures glass bottles, cans, flexible packaging, and other related goods. Aluminum foils and industrial films are also produced by Dongwon Systems. Dongwon Systems was established in 1977 and has since honed its structural capabilities and focused on product development to provide exceptional, very practical, and high-tech goods. The headquarters of the firm is situated in Seoul, South Korea.

 

Tetra Pak Group - Ruben Rausing created Tetra Pak, which took its name from Erik Wallenberg's invention of a plastic-coated paper box in the shape of a tetrahedron. Tetra Pak specialises in comprehensive approaches to food product production, packaging, and delivery. Products that may be processed or packed in Tetra Pak processing and packaging lines include juices and nectars, pet food, cheese, dry foods, ice cream, dairy products, juice concentrates, vegetables, fruits, and dry foods. Its product offerings are broken down into a number of categories, including packaging, processing equipment, filling machines, distribution equipment, and service items. The head offices of the firm are situated in Lund, Sweden and Pully, Switzerland.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material Type
  • Product
  • Sales Channel
Breakup by Material Type
  • Glass
  • Metal
  • Paper Board
  • Plastics
Breakup by Product
  • Bottles
  • Bag in Box
  • Closures
  • Others
Breakup by Sales Channel
  • Online Retail
  • Offline Retail
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Amcor Group GmbH
  • International Paper Company
  • Tetra Pak Group
  • SIG Group AG
  • Avery Dennison Corporation
  • Dongwon Systems
  • Others

 

*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
7    Opportunities and Challenges in the Market
8    South Korea Wine Packaging Market Analysis

    8.1    Key Industry Highlights
    8.2    South Korea Wine Packaging Historical Market (2018-2022) 
    8.3    South Korea Wine Packaging Market Forecast (2023-2028)
    8.4    South Korea Wine Packaging Market by Material Type
        8.4.1    Glass 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Metal
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Paper Board
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Plastics
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
    8.5    South Korea Wine Packaging Market by Product 
        8.5.1    Bottles
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Bag in Box
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Closures
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    South Korea Wine Packaging Market by Sales Channel
        8.6.1    Online Retail
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Offline Retail
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
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    Value Chain Analysis 
11    Competitive Landscape

    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Amcor Group GmbH  
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    International Paper Company
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Tetra Pak Group
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    SIG Group AG
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Avery Dennison Corporation
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Dongwon Systems
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    South Korea Wine Packaging Market: Key Industry Highlights, 2018 and 2028
2.    South Korea Wine Packaging Historical Market: Breakup by Material Type (USD Million), 2018-2022
3.    South Korea Wine Packaging Market Forecast: Breakup by Material Type (USD Million), 2023-2028
4.    South Korea Wine Packaging Historical Market: Breakup by Product (USD Million), 2018-2022
5.    South Korea Wine Packaging Market Forecast: Breakup by Product (USD Million), 2023-2028
6.    South Korea Wine Packaging Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
7.    South Korea Wine Packaging Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
8.    South Korea Wine Packaging Market Structure

Key Questions Answered in the Report

In 2022, the South Korea wine packaging market attained a value of nearly USD 46.3 million.

The market is projected to grow at a CAGR of 5.5% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 63.3 million by 2028.

Alternate packaging, improved safety standards, rising disposable incomes, high living standards, growing awareness regarding sustainability, increased use of social media and social media marketing, and numerous health benefits of consuming wine are the leading drivers of the wine packaging industry in South Korea.

The rising popularity of natural wine and the growing inclination toward convenient or on-the-go packaging are the key trends in the South Korea wine packaging industry.

The dominant types of products in the industry are bottles, bag in box, and closures, among others.

The leading sales channels in the market are online and offline retail.

The major players in the industry are Amcor Group GmbH, International Paper Company, Tetra Pak Group, SIG Group AG, Avery Dennison Corporation, and Dongwon Systems, among others.

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