PROSPECTS AND OPPORTUNITIES
Shifting consumer preferences expected to shape hot drinks packaging
Total hot drinks packaging retail volumes in South Korea are anticipated to decline over the forecast period, projected to fall at a CAGR of 6% to 808 million units. This downward trajectory is likely to be attributed to several factors, including the growing adoption of refillable and capsule systems that displace single-use packs.
Growth in fruit/herbal tea packaging volumes will offset declines in other tea categories
Fruit/herbal tea is set to continue to record positive growth in total packaging retail volumes in the forecast period, bucking the trend in other tea categories and offsetting their decline. Traditional tea formats such as black tea and green tea are expected to lose favour with consumers since they are viewed as a chore to brew, therefore are expected to see declining packaging volumes.
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Overview:
Understand the latest market trends and future growth opportunities for the Hot Drinks Packaging industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Hot Drinks Packaging industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Hot Drinks Packaging in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hot Drinks Packaging in South Korea?
- Which are the major pack types and how are they performing in South Korea?
- Have there been any packaging legislative changes in the past 12 months?
- How are consumption trends impacting the packaging landscape?
- What are the key trends and latest product developments in packaging?
- How important are sustainability and recycling to consumers in South Korea?
- Where is future growth expected to be most significant?
Hot Drinks Packaging in South Korea
KEY DATA FINDINGS
Changes in consumer preference impact hot drinks packaging
Amendment of packing material recyclability rating standard impacts hot drinks packaging
Flexible aluminium/plastic sachets in folding cartons remains an important packaging combination in instant coffee
Shifting consumer preferences expected to shape hot drinks packaging
Growth in fruit/herbal tea packaging volumes will offset declines in other tea categories
DISCLAIMER
The following categories and subcategories are included:
Hot Drinks Packaging
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- Fresh Coffee Beans
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- Fresh Ground Coffee Pods
- Standard Fresh Ground Coffee
- Instant Coffee
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- Black Tea
- Green Tea
- Fruit/Herbal Tea
- Instant Tea
- Other Tea
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- Flavoured Powder Drinks
- Other Plant-based Hot Drinks
Hot Drinks Packaging
This is the aggregation of coffee, tea and other hot drinks.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Hot Drinks Packaging research and analysis database.
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