The demand for industrial electronics packaging in Korea is expected to be worth US$ 68.5 million in 2024. In 2023, the industry size reached US$ 64.6 million. The demand in Korea is projected to continue at a normal rate over the 2024 to 2034 forecast period, with a CAGR of 4.1%. By 2034, the sale of industrial electronics packaging in Korea is anticipated to have reached a value of US$ 102.7 million.
Key Insights on Industrial Electronics Packaging in Korea
| Attributes | Details |
|---|---|
| Industry Size for Korea in 2024 | US$ 68.5 million |
| Expected Industry Size for Korea by 2034 | US$ 102.7 million |
| Forecasted CAGR between 2024 to 2034 | 4.1% |
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Rigid packaging emerges triumphant in the packaging type segment. For 2024, the industry share of rigid packaging is estimated to be an overwhelming 94.3%.
Electronic products are pricey. Therefore, Koreans are anxious to ensure the products are sealed properly to minimize damage. Thus, rigid packaging is preferred in Korea to make sure electronic products remain safe.
| Demand for Industrial Electronics Packaging in Korea Based on Packaging Type | Rigid |
|---|---|
| Industry Share in 2024 | 94.3% |
Plastic is the material commonly used in industrial electronic packaging. For 2024, plastic is expected to hold 56.6% of the industry share.
Plastic is preferred by manufacturers as it provides stern resistance to chemicals and water. Therefore, there is a high level of security associated with plastic. However, environmental regulations mean there is a limit to the use of plastic. Thus, other materials like paper and rubber are also expected to grow at a rapid rate.
| Demand for Industrial Electronics Packaging in Korea Based on Material Type | Plastic |
|---|---|
| Industry Share in 2024 | 56.6% |
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Players in Korea are aided by favorable schemes from the government to grow. Thus, there is encouragement for the players to engage in research and development for the purpose of innovation. Korea-based industry players are also looking to expand outside the country. As technology advances in Korea, renowned players are seeking to gain a foothold outside the country with the help of cutting-edge technology.
Recent Developments Observed in Industrial Electronics Packaging in Korea
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 68.5 million |
| Projected Industry Size by 2034 | US$ 102.7 million |
| Anticipated CAGR between 2024 to 2034 | 4.1% CAGR |
| Historical Analysis of Demand for Industrial Electronics Packaging in Korea | 2019 to 2023 |
| Demand Forecast for Industrial Electronics Packaging in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Industrial Electronics Packaging in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Companies Profiled | DS Smith Plc.; Smurfit Kappa Group Plc.; UFP Technologies Inc.; Sealed Air Corporation; Achilles Corporation; Desco Industries Inc.; Botron Company Inc.; Kiva Container Corporation; Orlando Products Inc.; Delphon Industries LLC; Summit Container Corporation; Protective Packaging Corporation; Dou Yee Enterprises (S) Pte Ltd.; Dordan Manufacturing Company Inc.; GWP Group Limited; Pure-Stat Engineered Technologies Inc.; AUER Packaging GmbH; Emballages Cre-O-Pack International Inc.; Universal Protective Packaging Inc. |
| Key Cities Analyzed | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
The industry size of industrial electronics packaging in Korea is estimated to be US$ 68.5 million in Korea in 2024.
The industrial electronics packaging industry is forecasted to develop at a rate of 4.1% in Korea for the 2024 to 2034 period.
The industry size for industrial electronics packaging is forecasted to reach US$ 102.7 million in Korea by 2034.
Plastic is the preferred material type in Korea, with an expected industry share of 56.6% in Korea in 2024.
Rigid packaging rules the roost in Korea, with an expected industry share of 94.3% in 2024.
1. Executive Summary
1.1. Korea Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Material Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Type, 2024 to 2034
5.3.1. Plastic
5.3.1.1. Polyethylene terephthalate (PET)
5.3.1.2. Polyethylene (PE)
5.3.1.3. Polypropylene (PP)
5.3.1.4. Polystyrene (PS)
5.3.1.5. Polyvinyl chloride (PVC)
5.3.2. Paper & Paperboard
5.4. Y-o-Y Growth Trend Analysis By Material Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Material Type, 2024 to 2034
6. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Packaging Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Type, 2024 to 2034
6.3.1. Flexible
6.3.1.1. Bags & Pouches
6.3.1.2. Films & others
6.3.1.3. Tapes & Labels
6.3.2. Rigid
6.3.2.1. Bin & Totes
6.3.2.2. Clamshells
6.3.2.3. Container & Shippers
6.3.2.4. Corrugated Box
6.3.2.5. Others
6.3.2.6. Protective Packaging
6.3.2.7. Trays
6.4. Y-o-Y Growth Trend Analysis By Packaging Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Packaging Type, 2024 to 2034
7. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
7.3.1. Industrial Automation Equipment & Others
7.3.2. Industrial Controls
7.3.3. Power Electronics
7.3.4. Process Control Equipment
7.3.5. Testing & Measuring Equipment
7.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
8. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. South Gyeongsang
8.3.2. North Jeolla
8.3.3. South Jeolla
8.3.4. Jeju
8.3.5. Rest of Korea
8.4. Market Attractiveness Analysis By Region
9. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Material Type
9.2.2. By Packaging Type
9.2.3. By Product Type
9.3. Market Attractiveness Analysis
9.3.1. By Material Type
9.3.2. By Packaging Type
9.3.3. By Product Type
9.4. Key Takeaways
10. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Material Type
10.2.2. By Packaging Type
10.2.3. By Product Type
10.3. Market Attractiveness Analysis
10.3.1. By Material Type
10.3.2. By Packaging Type
10.3.3. By Product Type
10.4. Key Takeaways
11. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Material Type
11.2.2. By Packaging Type
11.2.3. By Product Type
11.3. Market Attractiveness Analysis
11.3.1. By Material Type
11.3.2. By Packaging Type
11.3.3. By Product Type
11.4. Key Takeaways
12. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Material Type
12.2.2. By Packaging Type
12.2.3. By Product Type
12.3. Market Attractiveness Analysis
12.3.1. By Material Type
12.3.2. By Packaging Type
12.3.3. By Product Type
12.4. Key Takeaways
13. Rest of Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Material Type
13.2.2. By Packaging Type
13.2.3. By Product Type
13.3. Market Attractiveness Analysis
13.3.1. By Material Type
13.3.2. By Packaging Type
13.3.3. By Product Type
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Material Type
14.3.3. By Packaging Type
14.3.4. By Product Type
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Delphon Industries LLC
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Summit Container Corporation
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Protective Packaging Corporation
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Dou Yee Enterprises (S) Pte Ltd.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Dordan Manufacturing Company Inc.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. GWP Group Limited
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Pure-Stat Engineered Technologies Inc.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. AUER Packaging GmbH
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Emballages Cre-O-Pack International Inc.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Universal Protective Packaging Inc.
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Industrial Electronics Packaging Industry Analysis in Korea
