"Homewares in South Korea" is now available at Fast Market Research

Homewares in South Korea marked moderate current value growth of 3% in 2014. Consumer demand for safe and fashionable products, along with the popularity of imported brands, is driving sales.

Competitive Landscape

Lock & Lock led sales of homewares in 2014 with a 4% value share. Lock & Lock has an established brand name in South Korea, with a strong presence in food storage and beverageware. Apart from its conventional plastic products, the company focuses on launching eco-friendly materials capitalising on the trend for consumers who prefer to use safer material. The company renewed its Bisfree line under Lock & Lock in 2012. It claims that this line of products is made from Tritan material which is free of Bisphenol-A. The company emphasises that this new material is transparent, lighter than glass and does not break.

Full Report Details at
- http://www.fastmr.com/prod/1097946_homewares_south_korea.aspx?afid=301

Industry Prospects

Homewares in South Korea is projected to grow by a value CAGR of 1% at constant 2014 prices over the forecast period. As economic stagnation is not expected to recover in the short-term, consumers will be reluctant to spend much money on homewares. However, as evident by the explosive popularity of Scandinavian-style dinnerware, a new trend could lead to greater growth over the forecast period.

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