South Korea Personal Care Packaging Market - Market Trends and Forecasts (2015 - 2020)
South Korea Personal Care Packaging market was worth $xx.xx billion in 2014 and is estimated to reach $xx.xx billion by the end of 2020 at a CAGR of x.xx%.
The consumers have become more demanding than ever before. Increasing disposable income and concern for healthier lifestyle has contributed to this trend. With shifting brand loyalties, manufacturers too have started to differentiate their products and expand their offerings to enhance consumer experience. Packaging has played a vital role in meeting the expectations of manufacturers and consumers alike.
Packaging for personal care involves packaging of soaps, shampoos, oils, cosmetics and others, with glass, paper and plastic being the major materials used for packaging these products.
In South Korea, the market is expected to be driven by innovation with companies coming up with new products. Ageing population in the country is expected to be the driving factor of the market
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