The South Korea Cosmetic Packaging Market is poised for substantial growth, projected to increase from USD 2.59 billion in 2025 to USD 3.53 billion by 2034, at a CAGR of 3.5% during the forecast period. This growth is fueled by rising demand for premium and sustainable packaging solutions as well as strategic mergers and acquisitions by leading players.
Cosmetic packaging in South Korea covers primary and secondary solutions designed for skincare, makeup, haircare, fragrances, and personal care products. These packaging solutions play a vital role in enhancing product appeal, ensuring regulatory compliance, and extending shelf life.
Market Value (2025): USD 2.59 billion
Projected Value (2034): USD 3.53 billion
CAGR (2025-2034): 3.5%
Dominant Material (2024): Plastic (PET, PP)
Fastest Growing Material: Sustainable/Bio-based Materials (2024–2034)
Leading Product Type (2024): Bottles
Here’s a closer look at the top companies shaping this market, with a snapshot of their operations, product offerings, and market presence:
About: Yonwoo is a pioneer in South Korea’s cosmetic packaging sector, known for its innovative dispensing solutions.
Products: Airless pumps, droppers, cushion compacts, and eco-friendly packaging.
Market Cap: Estimated at USD 450 million, reflecting its global market reach.
About: A subsidiary of Kolmar Korea, it specializes in high-end cosmetic packaging solutions with a strong focus on R&D.
Products: Plastic tubes, jars, bottles, and luxury packaging for skincare and makeup.
Market Cap: Approx. USD 380 million.
About: Established in 1972, Taesung Industrial provides innovative packaging solutions tailored for global cosmetic brands.
Products: Plastic containers, jars, and customized packaging designs.
Market Cap: Around USD 200 million.
About: Cosmopak Korea delivers cutting-edge packaging solutions with a strong emphasis on sustainable materials.
Products: Refillable compacts, paper-based tubes, and eco-friendly containers.
Market Cap: Estimated at USD 150 million.
About: CTK is a full-service cosmetic developer and packaging innovator catering to global luxury brands.
Products: Multi-functional packaging, innovative dispensers, and sustainable options.
Market Cap: Approx. USD 300 million.
About: Part of the Amorepacific Group, this division focuses on developing packaging solutions aligned with luxury and eco-friendly trends.
Products: High-end skincare bottles, airless systems, and recyclable materials.
Market Cap: Amorepacific Group’s total cap exceeds USD 2 billion.
About: A major player leveraging LG’s technological expertise for cosmetic packaging innovation.
Products: Advanced packaging for skincare and makeup, sustainable materials integration.
Market Cap: Parent company LG H&H valued at USD 1.8 billion.
About: LAPACK is a specialist in flexible and rigid cosmetic packaging solutions.
Products: Pouches, tubes, jars, and eco-conscious designs.
Market Cap: Estimated USD 100 million.
About: A joint venture with a focus on innovation in cosmetic dispensing systems.
Products: Smart applicators, airless technology, and refillable packaging.
Market Cap: Approx. USD 75 million.
About: Known for producing a wide range of plastic packaging solutions for cosmetic brands.
Products: Compact cases, jars, and plastic bottles.
Market Cap: Around USD 120 million.
About: A veteran in the industry with a reputation for sustainable and high-quality packaging solutions.
Products: PET bottles, airless pumps, and eco-packaging innovations.
Market Cap: Estimated USD 90 million.
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Q1: What is driving the growth of the South Korea cosmetic packaging market?
The market growth is fueled by rising consumer demand for sustainable packaging, premiumization trends, and strategic M&A activities by key players.
Q2: Which material type dominates the South Korea cosmetic packaging market?
Plastic materials like PET and PP dominate currently, but sustainable/bio-based materials are expected to grow fastest.
Q3: What is the projected market size of South Korea cosmetic packaging by 2034?
It is projected to reach USD 3.53 billion by 2034.
Q4: Which product type leads the market share in 2024?
Bottles were the leading product type in 2024.
Q5: Who are the top players in the South Korea cosmetic packaging market?
Key players include Yonwoo Co., Ltd., Kolmar Korea Packaging, Amorepacific Packaging R&D Division, and LG Household & Health Care Packaging Unit.
Source : https://www.towardspackaging.com/insights/south-korea-cosmetic-packaging-market-sizing
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