South Korea Gelatin-Based Adhesive Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Animal-Based Gelatin Adhesive, Fish-Based Gelatin Adhesive, and Others), By Application (Packaging, Woodworking, Bookbinding, Textiles, and Others), and South Korea Gelatin-Based Adhesive Market Insights Forecasts 2023 - 2033

South Korea Gelatin-Based Adhesive Market Insights Forecasts to 2033

• The South Korea Gelatin-Based Adhesive Market Size is Growing at a 5.92% CAGR from 2023 to 2033.
• The South Korea Gelatin-Based Adhesive Market Size is Expected to Reach a Significant Share by 2033.

The South Korea Gelatin-Based Adhesive Market Size is expected to Reach a Significant Share by 2033, Growing at a 5.92% CAGR from 2023 to 2033.     

Market Overview

The South Korea gelatin-based adhesive market refers to the industry that produces, distributes, and applies gelatin-based adhesives in South Korea. These adhesives, obtained from natural collagen sources such as animal bones and hides, are widely utilized due to their biodegradability, high bonding strength, and non-toxicity. The market supports a number of industries, including packaging, woodworking, bookbinding, medicines, and food processing. Growing demand for eco-friendly and sustainable adhesives, together with increased applications in the pharmaceutical and medical industries (such as gelatin-based capsules and wound dressings), is propelling market growth. Furthermore, advances in bioadhesives and clean-label packaging solutions are likely to accelerate the growth of the South Korea gelatin-based adhesive market.

Report Coverage

This research report categorizes the market for the South Korea gelatin-based adhesive market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea gelatin-based adhesive market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea gelatin-based adhesive market.

Driving Factors

Rising environmental concerns and legislative support for sustainable products are driving the South Korean gelatin-based glue industry. The rising pharmaceutical and medical industries are driving up demand, particularly for wound care applications, gelatin-coated capsules, and medical packaging. Furthermore, the burgeoning packaging and bookbinding industries are embracing gelatin-based adhesives due to their excellent bonding qualities and non-toxicity. Bioadhesive technology advancements, as well as an increased preference for clean-label and natural ingredients in food and packaging, all help to drive market expansion.

Restraining Factors

The South Korea gelatin-based adhesive market is constrained because to its limited moisture resistance and lower durability when compared to synthetic adhesives, limiting its use in high-humidity situations. The variable availability and pricing of raw resources, largely generated from animals, create supply chain problems.

Market Segment

• The animal-based gelatin adhesive segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the product type, the South Korea gelatin-based adhesive market is divided into animal-based gelatin adhesive, fish-based gelatin adhesive, and others. Among these, the animal-based gelatin adhesive segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This dominance stems mostly from the widespread usage of gelatin obtained from bovine and porcine sources in a variety of industries, including food and beverage, pharmaceuticals, and cosmetics. The high demand for these adhesives in a variety of applications has helped animal-based gelatin adhesives maintain their market position.

• The packaging segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe.

Based on the application, the South Korea gelatin-based adhesive market is divided into packaging, woodworking, bookbinding, textiles, and others. Among these, the packaging segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. This predicted rise is driven by South Korea's rising adoption of recyclable and sustainable packaging solutions, which are in line with environmental trends and customer preferences for eco-friendly products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea gelatin-based adhesive market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Dongwha Enterprise Co., Ltd.
• Kumho Polychem
• Dongmyeong Chemicals Co., Ltd.
• Ark Co., Ltd.
• Limduck Chemical Co., Ltd.
• Tae Young Chemical
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea gelatin-based adhesive market based on the below-mentioned segments:

South Korea Gelatin-Based Adhesive Market, By Product Type

• Animal-Based Gelatin Adhesive
• Fish-Based Gelatin Adhesive
• Others

South Korea Gelatin-Based Adhesive Market, By Application

• Packaging
• Woodworking
• Bookbinding
• Textiles
• Others