In Korea, premade pouch packaging demand is poised to exhibit a CAGR of 3.70% through 2034. The premade pouch packaging in Korea is poised to witness significant opportunities with USD 190 million in 2024. Premade pouch packaging is versatile and suitable for a wide range of products, from food and beverages to personal care items, pharmaceuticals, pet foods, and household products. This versatility fuels industry growth across multiple sectors in Korea. By 2034, the pre made pouch packaging ecosystem in Korea will likely secure USD 274 million.
| Attributes | Details |
|---|---|
| Expected Value in 2024 | USD 190 million |
| Projected Value in 2034 | USD 274 million |
| CAGR Estimation from 2024 to 2034 | 3.70% |
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South Gyeongsang province hosts various industries, including food processing, cosmetics, and pharmaceuticals. These sectors significantly contribute to the demand for pre-made pouch packaging for their products.
The region boasts advanced manufacturing capabilities and technological innovations, which contribute to the development of high-quality, innovative pouch packaging solutions.
The region's inclination toward innovation and sustainability aligns with the ongoing trends in pouch packaging. Companies in South Gyeongsang Province are likely to invest in sustainable materials and designs, boosting the growth of eco-friendly pouch packaging.
North Jeolla is a major agricultural hub, producing rice, fruits, vegetables, and more. Packaging these perishable goods in pouches helps in preservation, transportation, and shelf life extension, contributing to the demand for pouch packaging.
The province has a significant food processing industry that requires efficient and convenient packaging solutions. Pouch packaging is favored for its versatility in packaging various food products, which drives its demand in this sector.
Increasing consumer demand for convenience and on-the-go products aligns well with the attributes of pre-made pouch packaging. The portability and resealability of pouches cater to these preferences, driving demand.
The tear notch segment is expected to account for 43.90% of the industry share in 2024. The tear notch closure indicates where the bag should be cut, assuring customers of the company's professional-level packaging and removing the possibility of a duplicate product.
Tear-notch closures enhance the ease of opening pouches. Consumers appreciate the simplicity of tearing open the packaging without requiring additional tools or implements, contributing to a positive user experience.
| Attribute | Details |
|---|---|
| Closure Type | Tear Top |
| Value Share | 43.90% |
The food segment is estimated to dominate the premade pouch packaging industry by end users, with an industry share of 73.90% in 2024.
Food continues to be a prominent end-use industry for pre-made pouch packaging, with the packaging of fruits and vegetables, meat, poultry, and seafood, bakery & confectionery, ready-to-eat meals, dairy products, and pet food also using it due to its lightweight and easy-to-carry nature. Rising packaged food demand, particularly from the urban population, the pre-made pouch packaging in Korea is expected to expand.
| Attribute | Details |
|---|---|
| End-Use | Food |
| Value Share | 73.90% |
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The pre-made pouch packaging industry is fragmented, with regional and global players present. The competitive contour is defined by the growth of regional companies and increasing investment in upstream applications. The leading players use a variety of growth strategies, such as product launches, acquisitions, and collaborations, to help grow the global pre-made pouch packaging market.
Product Portfolio
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 190 million |
| Projected Industry Size in 2034 | USD 274 million |
| Anticipated CAGR between 2024 to 2034 | 3.70% CAGR |
| Historical Analysis of Demand for Deployment of Premade Pouch Packaging in Korea | 2019 to 2023 |
| Demand Forecast for Deployment of Premade Pouch Packaging in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Deployment of Premade Pouch Packaging in Korea , Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local Providers in Korea. |
| Key Provinces Analyzed While Studying Opportunities in the Deployment Premade Pouch Packaging in Korea | South Gyeongsang; North Jeolla; South Jeolla; Jeju; Rest of Korea |
| Key Companies Profiled | Solpac Packaging Solution; Honorpack; Viking Maseak; Stand Pouch; Solpac Packaging Solution; C-P Flexible Packaging; Leepack / PSG LEE; Mondi Group plc; Karlville; Accredo Packaging |
The premade pouch packaging industry in Korea is poised to be valued at USD 190 million in 2024.
The anticipated CAGR for premade pouch packaging through 2034 is 3.7%.
Demand for premade pouch packaging in Korea will be USD 274 million by 2034.
Tear Norch closure type remain the top segment in Korea
| Market Estimated Size (2023) | USD 10,808.3 million |
|---|---|
| Market CAGR (2023 to 2033) | 4.4% |
| Market Forecasted Size (2033) | USD 16,625.03 million |
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Premade Pouch Packaging Industry Analysis in Korea
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