Korea E-commerce Packaging Market Size Report- Industry Growth Analysis
"The geometric and numerical data combined to produce the influential Korea E-commerce Packaging Market report is mostly characterized by graphs, tables, and charts that make this report easier to use. It takes into account public demands, competence and constant growth of the work industry, dynamic reporting, or high data protection services while analyzing market information. This market report explains a series of market analysis aspects required by businesses today. Given a specific base year and historical year, estimates and calculations are made in the report. Additionally, the Korea E-commerce Packaging Market report highlights various strategies used by key market players.
The comprehensive Korea E-commerce Packaging Market Report evaluates the CAGR value fluctuations over the forecast period 2023-2030 for the market. Comprehensive insights into emerging trends, opportunities and potential threats are offered through these reports as these reports are key to long-term survival in a competitive environment. The market insights covered in these reports are often critical to key business processes such as product planning, new product development, distribution route planning, and sales force development. This market report helps explore general market conditions, existing trends and inclinations. Korea E-commerce Packaging Market is a promising report that best suits the client's needs.
Shifting shopping preference towards online due to convenience and the growing popularity of smart packaging are some of the drivers expected to boost E-commerce packaging demand in the market. Data Bridge Market Research analyses that the E-commerce packaging market is expected to reach the value of USD 6,555.54 million by the year 2029, at a CAGR of 15.2% during the forecast period.
Explore Further Details about This Research Korea E-commerce Packaging Market Report databridgemarketresearch.com/reports/korea-..
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 - 2014) |
| Quantitative Units | Revenue in USD Million, Volume in Million Units |
| Segments Covered | By Product (Boxes, Protective Packaging, Security Envelopes, Tapes and Labels, Packets, Bubble Wraps, Others), Materials (Glass, Paper, Wood, Plastic, Metal, Others), Printing Technology (Flexo Printing, Digital Printing, Litho Laminate Printing, Offset Lithography, Digital Printing, Others), Application (Electronics and Consumer Goods, Apparel and Accessories, Cosmetic, Home Care and Personal Care, Food and Beverages, Home Furnishing, Auto Parts, Healthcare, Recreation Goods, Others), End-User (Traditional E-Commerce Retailers, Third Party and Logistics Companies, Brick and Mortar Retailers, Specialty Retailers, Others) |
| Country Covered | Korea |
| Market Players Covered | International Paper (Tennessee, U.S.), NIPPON PAPER INDUSTRIES CO., LTD. (Tokyo, Japan), Mondi (Addlestone, U.K.), Amcor Plc (Zürich, Switzerland), Sealed Air (North Carolina, U.S.), Rengo Co., Ltd. (Osaka, Japan), AptarGroup, Inc. (Illinois, U.S.), WestRock Company (Georgia, U.S.), Yamakoh, Co., Ltd. (Kyoto, Japan), CHUOH PACK INDUSTRY CO., LTD. (Honshu, Japan), Holmen Iggesund (Iggesund, Sweden), among others. |
Market Definition
E-commerce packaging is an essential part of branding. The first natural contact customer with a particular brand often handles the package delivered to him when shopping online. This is a rare opportunity for companies to create a good impact and strengthen or ruin their brand image. Due to broken or poor quality packaging, Premium packaging can increase customers' loyalty. Even stronger by recent third-party online retailers advertise on their products. Industry professionals anticipate other retail stores and distribution companies to adopt this model. Packaging will boost revenue and incorporate innovative forms of cross-branding and marketing.
Regulatory Framework
South Korea’s Ministry of Food and Drug Safety (MFDS) has issued a notice containing the latest national requirements for food contact materials (FCMs). Issued within the country’s “Standards and Specifications for Utensils, Containers and Packaging,” the notice sets out a range of updates, including:
Adding polyketones as an additional raw material
Grouping of synthetic resins that have similar structures into a set of nine categories
Presenting specifications for each material type (including synthetic resins, rubber, paper, metals, glass, ceramics, and others) in the form of a table
Adding new requirements for active and intelligent packaging
Introducing new regulations on the use of recycled synthetic resins, including updated standards for recycled polyethylene terephthalate (PET).
COVID-19 had a Minimal Impact on E-commerce packaging Market
COVID-19 pandemic caused a sudden lockdown in many parts of the world to prevent the spread of the virus, which resulted in rapid closing down of factories, shops, and others. The rapid decline of demand and supply and travel bans led to the downfall of the non-essential product's market globally. The pandemic has made a significant negative impact on the economy due to less demand, shortage of employees in the factory, also travelling ban led to a shortage of raw materials, thus stopping the production of E-commerce packaging products. However, with the lockdown being relaxed and vaccination drives happening in Korea, the workflow has started increasing, thus, helping the market players to make a comeback. Government’s regulations and support regarding the growth in the economy and rising start-ups are expected to surge the valuation of Korea e-commerce packaging market during the forecast period. The demand for E-commerce packaging was rising during the pandemic owing to increased online shopping, but supply chain disruption hampered the growth up to some extent.
The Market Dynamics of the E-Commerce Packaging Market Include:
Drivers/Opportunities in the E-Commerce Packaging Market
- Growing demand for sustainable packaging solutions
The concept of sustainable packaging has grown with the growing inclusion of sustainable development concepts at various levels in industrial and institutional platforms. Emitting chemical materials, waste, air, soil and water quality degradation, climate change, and other current problems negatively affect the packaging industry.
- Rising demand for secondary packaging and protective packaging for electronic goods
As e-commerce shifts from an existing distribution network to a fragmented customer network, a modern system of initiatives is being created to provide direct fulfillment to satisfy different criteria. As these transformations are better understood, developing responsive strategies will improve. Making sure that unintended impacts are avoided remains essential. To this, communication and coordination around the supply chain are important. By collaborating, the industry can take advantage of this opportunity to integrate sustainability into supply chains much earlier in its development.
- Growing popularity of smart packaging
Consumers expect intelligent opening and packages that can be easily opened without using tools. A strip of tear is preferred, and the package should be opened. The goods should be well delivered, preferably with a personal touch, which transmits the impression that someone particularly packs the package for them. Articles shall arrive in perfection without excessive filling material or space, as they are well protected. This is particularly important as consumers are looking to find sustainable solutions when it comes to products and packaging.
Key Insights Of Korea E-commerce Packaging Market Report
The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
This study presents the analytical depiction of the Korea E-commerce Packaging Market with the current trends and future estimations to determine the imminent investment pockets
The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Korea E-commerce Packaging Market
The forecast period of the market is assessed from 2024 to 2030 to highlight the Korea E-commerce Packaging Market growth scenario.
Porter’s five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.
The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.
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