South Korea Paper Packaging Market Insights Forecasts to 2032

• The South Korea Paper Packaging Market Size was valued at USD XX Billion in 2022.
• The Market Size is Growing at a CAGR of 4.1% from 2022 to 2032.
• The South Korea Paper Packaging Market Size is expected to reach XX Billion by 2032.

The South Korea Paper Packaging Market Size is expected to reach USD XX Billion by 2032, at a CAGR of 4.1% during the forecast period 2022 to 2032.

Market Overview

Paper packaging is the use of various paper-based materials, such as cartons, boxes, bags, and wraps, to package goods for storage, transportation, and distribution. It provides a sustainable and renewable alternative to conventional plastic packaging, which has raised environmental concerns due to its non-biodegradability and negative effects on ecosystems. Paper packaging is made from renewable resources, making it an eco-friendly option that aligns with the global push for a greener, more sustainable future. The South Korea paper packaging market has witnessed significant growth in recent years owing to the increasing demand for sustainable and eco-friendly packaging solutions. Paper packaging is biodegradable and recyclable, it has become a popular choice for many industries looking to reduce their environmental impact.

Report Coverage

This research report categorizes the market for South Korea Paper Packaging 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 Paper Packaging 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 Paper Packaging Market.

Driving Factors

The growing environmental concerns in South Korea about plastic waste have prompted a shift toward more sustainable packaging options, such as paper-based alternatives. In addition, government policies and regulations encouraging eco-friendly packaging practices have had a significant impact on the South Korea paper packaging market growth. As a result, consumers are increasingly preferring products packaged in environmentally friendly materials, prompting manufacturers to shift to paper packaging solutions. Additionally, technological advancements in the paper packaging industry have resulted in the development of more efficient and cost-effective solutions, fueling South Korea Paper Packaging market growth over the forecast period.

Restraining Factors

Paper packaging can be more expensive than traditional plastic packaging at times, making it less appealing to cost-conscious businesses. While paper packaging is versatile, certain products with specific packaging needs may not be appropriate for paper-based solutions. Also, raw material availability and supply chain logistics fluctuations can have an impact on the production and distribution of paper packaging products which hamper the South Korea paper packaging market over the forecast period.

Market Segment

• In 2022, the corrugated boxes segment accounted for the largest revenue share over the forecast period.

Based on the type, the South Korean paper packaging market is segmented into corrugated boxes, folding cartons, and others. Among these, the corrugated boxes segment has the largest revenue share over the forecast period. Corrugated boxes are more durable than standard cardboard boxes. They act as a sturdy cushion for the goods they transport during shipping and handling. Corrugated cardboard sizes vary depending on thickness and size. As a result, different factors contributed to segmental growth over the forecast period.

• In 2022, the food & beverage segment accounted for the largest revenue share over the forecast period.

Based on end use, the South Korean paper packaging market is segmented into food & beverage, e-commerce, healthcare, personal care, and others. Among these, the food and beverage segment have the largest revenue share over the forecast period. Online grocery shopping has grown in popularity as more transactions are shifting to online interactions rather than physical store purchases, resulting in a large number of consumers using mobile grocery shopping apps. Online purchases of food delivery services increased over the forecast period, while purchases of food and beverages increased.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea paper packaging 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

• Amcor Plc
• Mondi Plc
• Smurfit Kappa Group Plc
• International Paper Company
• Metsa Group
• DS Smith Plc
• WestRock Company
• Oji Holdings Corporation
• Nine Dragons Paper (Holdings) Limited
• Stora Enso Oyj
• Nippon Paper Industries Co., Ltd.
• Shandong Chenming Paper Holdings Limited
• Others

Key Target Audience

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

Recent Development

• In June 2022, Mondi developed several "fit-for-purpose" packaging options for fresh produce. With the help of Grow&Go packaging materials, fresh fruit can be safely and effectively protected and transported from fields to stores to consumers' homes. Stackable products in the portfolio help to reduce food waste by protecting fruits and vegetables from blemishes after assembly and filling. Customers receive their products in recyclable, environmentally friendly packaging made entirely of paper, starch, and glue.

• In January 2022, Amcor introduced AmFiber, a new line of paper-based packaging goods. Amcor aims to meet consumers' growing needs by offering a variety of features and functional advantages via the AmFiber platform. Amcor's extensive background in paper and carton packaging laid the groundwork for the launch of the AmFiber platform. The platform will be expanded to include the Americas, Asia-Pacific, and Europe.

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the South Korea paper packaging market based on the below-mentioned segments:

South Korea Paper Packaging Market, By Technology

• Corrugated Boxes
• Folding Cartons
• Others

South Korea Paper Packaging Market, By End-use

• Food & Beverage
• E-Commerce
• Healthcare
• Personal Care
• Others