Boston, MA -- (SBWIRE) -- 09/17/2014 -- Unit volume of hot drinks packaging continued to register healthy growth in 2011 and 2012 due to the growing demand for coffee. In South Korea, coffee has been increasingly regarded as an indispensible item in daily lives for many people and the popularity of Western-style chained coffee shops has contributed to raising Korean consumers' interest in fresh brewed coffee and premium coffee products. As a result, sales of coffee increased strongly in both the retail and foodservice channels over the review period, boosting the volume growth of hot drinks packaging in the retail channel. In contrast, demand for tea continued to decrease over the review period, resulting in a decline in the packaging unit volume of tea. As a result, coffee makes up a dominant share of hot drinks packaging in the retail channel, accounting for 78% of unit volume share in 2012.

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Industry Prospects

In the forecast period unit volume of hot drinks packaging is expected to grow positively, driven by continued volume sales growth in coffee. With the growing popularity of the coffee drinking culture in South Korea, retail sales volume of coffee is expected to grow significantly in the forecast period for both fresh ground coffee and instant coffee. In terms of pack type, paper-based containers and flexible packaging will continue to drive the unit volume growth of hot drinks packaging, as these pack types are major pack types for coffee.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Hot Drinks Packaging industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Hot Drinks Packaging industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Hot Drinks Packaging in South Korea market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes in units and filled volumes
- Five year forecasts of market trends and market growth  
- Robust and transparent market research methodology, conducted in-country

Reasons to Get 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

Product coverage: Coffee, Other Hot Drinks, Tea.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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