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Country Industry Forecast - Political & Policy Analysis for the South Korean Chemicals Materials and Foods Industry
Frost & Sullivan, June 2006
With the economic dominance of the United States, Japan, and Germany on the wane, there has been a slow down in the entire global economy. Trailing their end-user industries, the chemicals and materials industry is currently shifting to Asia and Latin America, where the cost of production is low and demand, high. The expansion of the Asian economy is one of the main drivers of the Asian chemicals, materials, and foods (CMF) industry, while other factors such as regional integration, expansion in the electronics, semiconductors, automobile, and pharmaceuticals industries, and lower production costs also drive demand. Moreover, rapid growth in global demand, uneven supply, and improvements in transportation, storage, as well as technology are aiding the globalization of the food and beverages industry. Apart from globalization, changing food patterns, new technologies, and growing concern for safety and health is facilitating cross-border trade in food and beverages.
Since the Asian economic downturn in 1998, South Korea has recovered remarkably well to become the eleventh largest economy in the world and the third largest in Asia in 2004. It achieved this on the strength of its effective structural and economic policies. The current political and policy environment plays a crucial role in the CMF industry’s road map for the future. The earlier policy initiatives of the government played an important role in the modernization of the nation, supplying CMF products that were essential for daily use. General economic policies have benefited the CMF industry and industry-specific policies have largely helped its rapid development since the early 1970s. The international trade agreements signed by South Korea in 2005 are expected to further increase external demand for the South Korean CMF industry.
Frost & Sullivans Chemicals, Materials and Foods Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its CMF industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Benefits of this Service
Identify New Market Opportunities
The future trends of the political and policy environment of South Korea have been analyzed along with their impact on the CMF industry. This analysis will provide in-depth information to industry participants on market opportunities in specific segments of the industry in South Korea.
Understand Future Industry Trend
The study gives an insight into the South Korean CMF market, discusses its dependence on the prevailing and the future political and policy scenario. This will enable industry participants to gauge the future direction of the market, enabling them to devise appropriate market strategies to improve market share
Understand Policy and Regulatory Environment
A detailed analysis of the policy and regulatory framework of the South Korean CMF industry provides insights into the regulatory environment as it exists and the future direction of the same. This is particularly beneficial to the chemicals, and foods industry, as regulations are an important criterion for its performance.
Devise Country Entry Strategie
The study provides valuable analyses of the strengths and weaknesses of the political and policy environment of South Korea, which are relevant to the CMF industry. This is useful in devising country-specific strategies.
Evaluate Industry Segment Potentia
This study offers detailed coverage of political issues affecting the industry and industry-specific and macro economic policies impacting the industry. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans and enhance credibility to planning company resources.
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