South Korea Paper Packaging Market Introduction and Overview
According to SPER Market Research, the South Korea Paper Packaging Market is estimated to reach USD xx billion by 2033 with a CAGR of 3.77%.
The report includes an in-depth analysis of the South Korea Paper Packaging Market, including market size and trends, product mix, distribution channels, and supplier analysis. Paper packaging is a flexible and environmentally friendly way to package goods that shields them from impurities and moisture. It is typically offered in the shape of cartons, bags, and boxes to enclose and safeguard goods while they are being transported and stored. It is inexpensive, adaptable, and simple to transport and recycle, all of which lessen its negative effects on the environment and preserve its eco-friendliness. Printing allows for customization, which improves product aesthetics and helps consumers recognize brands. Additionally, it enables businesses to guarantee that customers have access to all relevant product information by including marketing messages, instructions, and product information on the package.
- October 2022: To be more ecologically friendly, food and beverage company Nestle Confectionery changed the packaging for its Quality Street and KitKat products. Nestle is currently selling paper wrapping for KitKat and Quality Street.
- January 2022: Hansol Paper, a well-known paper producer in Korea, created Hansol EB (Eco Barrier), a flexible packaging substitute for plastic film and aluminum foil.
Market Opportunities and Challenges
Opportunities: E-commerce will propel market expansion. E-commerce makes up a major portion of the consumer market in South Korea, which is expanding steadily. With 99.5 percent of Korean households having internet access via a computer, smartphone, or other device, Korea is a technologically advanced nation. Furthermore, one of the main drivers of the market's expansion in South Korea is consumers' growing desire for recyclable and environmentally friendly packaging solutions. Moreover, the food and beverage (F&B) industry is using paper packaging more frequently to package food items such cereals, snacks, baked goods, and beverages while maintaining food safety and freshness, which is supporting the market expansion in South Korea.
Challenges: Paper packaging can sometimes be more expensive than conventional plastic packaging, which hinders firms on a tight budget from using it. Even though paper packaging is flexible, paper-based solutions might not be suitable for some items with particular packaging requirements. Additionally, the production and distribution of paper packaging goods may be impacted by changes in supply chain logistics and raw material availability, which might negatively affect the South Korean paper packaging market during the projection period.
Market Competitive Landscape
The market for paper packaging in South Korea is quite consolidated, with significant players such as Amcor, Mondi Group, Smurfit Kappa, and others. There are numerous companies in the market with large market shares. In order to strengthen their brand visibility through sustainable packaging activities, the market players are concentrating on product innovation.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By End User
|
| Regions covered | Eastern, Western, Northern, Southern
|
| Companies Covered | Amcor plc, DS Smith Plc, Graphic Packaging International Corporation, International Paper Company, Metsa Group, Mondi Group, Oji Paper Co. Ltd, Rengo Co., Ltd., Sappi Limited, Smurfit Kappa Group PLC, Tetra Laval Group, WestPack, Others
|
COVID-19 Impact on South Korea Paper Packaging Market
Paper prices have increased as a result of unanticipated supply chain disruptions and order backlogs brought on by COVID-19. This dilemma has hurt the ability of businesses in the flexible packaging sector to compete. A Korea Rural Economic Institute (KREI) 2020 poll found that, as a result of the COVID-19 Pandemic, about 33.6% of South Korean households ordered takeout or meal delivery every two weeks.
Key Target Audience:
- Consumer Goods Manufacturers
- Food and Beverage Industry
- Pharmaceutical Industry
- Retailers
- E-commerce Companies
- Logistics and Shipping Companies
Our in-depth analysis of the South Korea Paper Packaging Market includes the following segments:
|
By Product Type: |
Folding Cartons
Corrugated Boxes
Flexible Paper Packaging
Liquid Cartons
Others
|
|
By End User: |
Food and Beverage
Healthcare
Personal Care and Household Care
Industrial
Others
|
|
By Region: |
Southern Region
Northern Region
Western Region
Eastern Region
|
Key Topics Covered in the Report:
- South Korea Paper Packaging Market Size (FY’2024-FY’2033)
- Overview of South Korea Paper Packaging Market
- Segmentation of South Korea Paper Packaging Market By Product Type (Folding Cartons, Corrugated Boxes, Flexible Paper Packaging, Liquid Cartons, Others)
- Segmentation of South Korea Paper Packaging Market By End User (Food and Beverage, Healthcare, Personal Care and Household Care, Industrial, Others)
- Expansion Analysis of South Korea Paper Packaging Market
- Problems and Obstacles in South Korea Paper Packaging Market
- Competitive Landscape in the South Korea Paper Packaging Market
- Impact of COVID-19 and Demonetization on South Korea Paper Packaging Market
- Details on Current Investment in South Korea Paper Packaging Market
- Competitive Analysis of South Korea Paper Packaging Market
- Prominent Players in the South Korea Paper Packaging Market
- SWOT Analysis of South Korea Paper Packaging Market
- South Korea Paper Packaging Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Paper Packaging Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Paper Packaging Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Paper Packaging Market
7. South Korea Paper Packaging Market, By Product Type (USD Million)
7.1. South Korea Paper Packaging Market Value Share and Forecast, By Product Type, 2024-2033
7.2. Folding Cartons
7.3. Corrugated Boxes
7.4. Flexible Paper Packaging
7.5. Liquid Cartons
7.6. Others
8. South Korea Paper Packaging Market, By End User (USD Million)
8.1. South Korea Paper Packaging Market Value Share and Forecast, By End User, 2024-2033
8.2. Food and Beverage
8.3. Healthcare
8.4. Personal Care and Household Care
8.5. Industrial
8.6. Others
9. South Korea Paper Packaging Market Forecast, 2020-2033 (USD Million)
9.1. South Korea Paper Packaging Market Size and Market Share
10. South Korea Paper Packaging Market, By Product Type, 2020-2033 (USD Million)
10.1. South Korea Paper Packaging Market Size and Market Share By Product Type (2020-2026)
10.2. South Korea Paper Packaging Market Size and Market Share By Product Type (2027-2033)
11. South Korea Paper Packaging Market, By End User, 2020-2033 (USD Million)
11.1. South Korea Paper Packaging Market Size and Market Share By End User (2020-2026)
11.2. South Korea Paper Packaging Market Size and Market Share By End User (2027-2033)
12. South Korea Paper Packaging Market, By Region, 2020-2033 (USD Million)
12.1. South Korea Paper Packaging Market Size and Market Share By Region (2020-2026)
12.2. South Korea Paper Packaging Market Size and Market Share By Region (2027-2033)
12.3. Southern Region
12.4. Northern Region
12.5. Western Region
12.6. Eastern Region
13. Company Profile
13.1. Amcor plc
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. DS Smith Plc
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Graphic Packaging International Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. International Paper Company
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Metsa Group
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Mondi Group
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Oji Paper Co. Ltd
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Rengo Co., Ltd.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Sappi Limited
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Smurfit Kappa Group PLC
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Tetra Laval Group
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. WestPack
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
