South Korea Flexible Packaging Market Overview, 2027

"South Korea is known for its impressive recycling rates, and the flexible packaging market is actively contributing to this achievement. The country has implemented a comprehensive recycling system that includes separate collection and recycling programs for different types of packaging materials, including flexible packaging. To encourage recycling, South Korea has established a ""packaging recycling mark"" that indicates whether a packaging material is recyclable or not. Flexible packaging manufacturers in South Korea have been actively working to develop recyclable materials and improve the recyclability of their products. They collaborate with recycling facilities to ensure that their packaging can be efficiently processed and recycled. This focus on recycling aligns with South Korea's commitment to environmental sustainability and waste reduction. The flexible packaging market in South Korea is actively participating in this effort, contributing to the country's impressive recycling rates and promoting a circular economy. According to the report title, ""South Korea Flexible Packaging Market Overview, 2027,"" published by Bonafide research, the market is expected to grow steadily over the forecast period.South Korea is known for its advanced technology-driven industries, and the flexible packaging market is no exception. The industry has embraced advanced packaging technologies such as smart packaging, active and intelligent packaging, and high-quality printing techniques to meet consumer demands and enhance product functionality. South Korea is renowned for its vibrant K-pop industry, and flexible packaging plays a significant role in packaging K-pop merchandise. Manufacturers offer customized packaging solutions that reflect the brand identity and aesthetics of K-pop artists, creating a unique and visually appealing unboxing experience for fans. Convenience is a major driver in the South Korean market, and flexible packaging solutions cater to this demand. Packaging formats such as pouches, sachets, and single-serve portions are designed for on-the-go consumption, providing convenience and portability to busy consumers. South Korea has a thriving luxury goods market, and flexible packaging manufacturers cater to this sector by providing premium packaging solutions. These solutions incorporate high-quality materials, intricate designs, and luxurious finishes to enhance the perceived value of luxury products. South Korean flexible packaging manufacturers often collaborate with design agencies to create visually appealing packaging designs. This collaboration ensures that the packaging reflects the brand identity, captures consumer attention, and aligns with the latest design trends. The South Korean market has shown an increasing interest in sustainable packaging solutions. Manufacturers are actively exploring eco-friendly materials, incorporating recyclable and biodegradable options, and implementing sustainable practices throughout the packaging value chain.

Plastic packaging was introduced in the 1800's and till date has been shaped into easy-dipping packets in recent times. It has become integral part of packaging solutions that helps us do more with less ranging from electronics, beauty product or food packets, plastic packaging has wide use and application. The first manmade plastic packaging was made by Alexander Parkes in London, who used a material derived from cellulose that was bio-based. It could be heated and formed into a variety of shapes as required. Today, the plastic used for flexible packaging is in great demand because of its unique properties and the protective shield that it provides. It is most widely used for food and beverage packaging as it extends the shelf life of the products while ensuring food safety from microorganisms and external conditions. These are reusable, cost-effective, and environmentally friendly materials. Plastic packaging is the most common material medium used for the packaging of food and beverages ever since their invention. It has been transformed over time into food grade packing material approved by regulatory bodies.The food packaging trends have changed in terms of application and technology and have become a visual part of the company's brand popularity. The rise in nuclear families and disposable income has given rise to smaller packing sizes of food and related products. From shelf bottles, lids, and containers to packing for frozen food, airtight films and wraps, plastics are used in a wide array of packaging solutions. Additionally, the rise of on-thego and heat-and-eat food products has created demand for plastic flexible packaging solutions in recent times. Food delivery apps and rising e-commerce have further driven the market growth and are expected to grow rapidly over the forecast period as well.The pouch type of flexible packaging is the most widely used form, as they are made from barrier film, foil, and spout with a cap that supports flowable liquid products. They come in a variety of shapes and sizes, including stand-up pouches, gusseted pouches, pillow pouches, three-side-sealpouches, and liquid pouches. They are designed with flexibility in mind to ease consumer use. They can resist ambient temperatures, and products remain fresh for a long time. These are light-weight, compact and result in minimal waste because they can be reused and recycled. They are cheaper than other materials, resalable and ecofriendly as they have lower carbon footprints that result in less space in landfills. The lockdowns severely impacted the end-use industries, including the flexible packaging market, but not to a greater extent. Amid the pandemic, online shopping gained momentum, which created demand for flexible packaging. The raw materials were not secured in time due to trnasport and immobility factors affecting movements. When material, labor, and capital became scarce, manufacturers rethought their strategies. To recover post pandemic, they increased production capacities, with innovative approaches and affordable prices, to meet consumer demands. An increase in use of sterilising solutions as a result of the coronavirus epidemic is also driving the demand for the overall industry.

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Manmayi Raval

Research Consultant

Considered in this report Geography: Germany Base year: 2021 Estimated year: 2022 Forecast year: 2027 Aspects covered in this report FranceFlexible Packaging market with its value and forecast along with its segments Various drivers and challenges On-going trends and developments Top profiled companies Strategic recommendation Types of Material in the report: Plastic Paper Aluminum Foil Others

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By End-Use in the report: Food Beverages Pharmaceuticals Personal care Others Types of Packaging in the report: Bags Wraps Pouches Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. "