PROSPECTS AND OPPORTUNITIES
Demand for convenient meal solutions expected to drive steady growth in meals and soups packaging volumes
Total retail volumes of meals and soups packaging in South Korea are projected to grow at a compound annual growth rate (CAGR) of 4% over the forecast period, reaching 1.9 billion units.
Smaller-sized metal food cans to attract solo households looking for affordable, shelf stable solutions
Over the forecast period, metal food cans is expected to see the strongest growth in meals and soups packaging in South Korea, gaining traction due to the growing consumer preference for long-lasting meal solutions, particularly shelf stable soup. The 305g pack size in particular is anticipated to account for the highest packaging volumes and experience the strongest increase in demand, due to its convenience, suitability for single servings, and alignment with the budgeting needs of solo households and cost-conscious consumers.
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Overview:
Understand the latest market trends and future growth opportunities for the Meals and Soups 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 Meals and Soups 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 Meals and Soups 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 Meals and Soups 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?
Meals and Soups Packaging in South Korea
KEY DATA FINDINGS
Packaging demand shifts from traditional categories such as pizza and soup to meal kits, frozen ready meals, and prepared salads
Ready meals has higher packaging demand than soup and sees growth in 2024, as these offer a complete meal rather than a lighter option
On-the-go lifestyles drive interest in self-heating meal packaging innovations
Demand for convenient meal solutions expected to drive steady growth in meals and soups packaging volumes
Smaller-sized metal food cans to attract solo households looking for affordable, shelf stable solutions
DISCLAIMER
The following categories and subcategories are included:
Meals and Soups Packaging
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Meals and Soups Packaging research and analysis database.
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