Based on our findings, the industry value of barrier coated paper in Korea in 2023 is estimated to reach US$ 77.8 million. Over the forecast period, the sales of barrier coated paper in the country are expected to develop at a compound annual growth rate (CAGR) of 5.3%. With these projections, the regional barrier coated paper industry is anticipated to be worth around US$ 130.7 million by the end of 2033.
Attributes | Details |
---|---|
Industry size of Korea in 2023 | US$ 77.8 million |
Expected Industry Size of Korea by 2033 | US$ 130.7 million |
Forecasted CAGR between 2023 to 2033 | 5.3% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Korea's Shift to Sustainable Packaging: Traditionally, grease barriers and moisture barriers constituted a significant portion of the total barrier coated paper used in Korea. However, due to their detrimental environmental effects, paper-based formats with biodegradable barrier coatings are gaining more traction these days.
Premium and Custom Solutions for Eco-packaging: Customized barrier sheets are experiencing a surge in popularity for preventing vapor, fragrance, and mineral-based oil leakage in various premium products. Pharmaceutical companies in Korea have also ramped up their use of barrier coated paper for exporting products to countries that prioritize eco-friendly packaging.
Cosmetic Industry Embraces Green Barrier Solutions: Companies in Korea are introducing innovative materials like barrier bio-waxes, which are primarily adopted for applications outside of food and beverages. In Korea, cosmetics and home care items are increasingly embracing these barrier papers.
Tackling Challenges in Paper Packaging: The porous nature and hydrophilic properties of paper do pose some challenges, especially in packaging applications that require extended storage. Controlling wetting and barrier qualities to prevent fiber swelling is crucial for maintaining the integrity of packaging solutions.
A New Era for Packaging: The emerging trend of internal sizing or treating paper with exterior functional and barrier coatings holds promise in Korea. This approach enhances the quality of barrier coated paper and is anticipated to drive their adoption in the packaging sector.
According to the regional survey, the water-based coating segment is estimated to capture 54.2% of sales in Korea in 2023. Novel bio-based materials, especially water-based coatings, are being prioritized over conventional coating materials. It is projected that the environmentally beneficial features of water-based barrier coatings could drive the segment at a higher CAGR through 2033.
Barrier Coated Paper in Korea based on Coating Type | Water-based |
---|---|
Total Share (2023) | 54.2% |
Since barrier coating paper is frequently used in food packaging, the food industry creates the maximum demand for barrier coated paper in Korea as well. In the current year 2023, this end use segment is poised to contribute to around 63.1% of the total sales in the country. Furthermore, barrier coatings are used in a variety of non-food products, commonly cosmetics and personal care, to ensure reliable transportation during uncertain weather conditions.
Barrier Coated Paper in Korea based on End Use Vertical | Food Industry |
---|---|
Total Share (2023) | 63.1% |
Barrier Coated paper manufacturing companies in Korea are expanding their manufacturing facilities in order to manufacture totally recyclable sheets and enter the barrier coater paper sector. It is expected to overhaul the existing supply chain of barrier coated paper in the short term by intensifying the competition with existing players.
Producers of barrier coated paper in Korea are catching up with the global trend of using bio-based solutions instead of polymer coatings that are not biodegradable. Advancing technologies for coating, such as slide covering and curtain processes also have a lot of potential to improve process efficiency and financial feasibility.
Recent Developments in Barrier Coated Paper in Korea
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Attribute | Details |
---|---|
Estimated Industry Size in 2023 | US$ 77.8 million |
Projected Industry Size by 2033 | US$ 130.7 million |
Anticipated CAGR between 2023 to 2033 | 5.3% CAGR |
Historical Analysis of Demand for Barrier Coated Paper in Korea | 2018 to 2022 |
Demand Forecast for Barrier Coated Paper in Korea | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Barrier Coated Paper in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Korea Providers |
Key Provinces Analyzed | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
Key Companies Profiled | KRPA PAPER Compan (Seoul); Transparent Paper LTD (Cheongju); Toppan Printing (Korea) Co., Ltd. (Seoul); Nippon Paper (Korea) Co., Ltd. (Seoul); Sappi Korea Co., Ltd. (Seoul); Mondi Korea Co., Ltd. (Seoul); UPM Raflatac Korea Co., Ltd. (Seoul); Mitsubishi Hitec Paper Korea Co., Ltd. (Seoul); International Paper Korea Co., Ltd. (Seoul); Nine Dragons Paper Korea Co., Ltd. (Seoul); Huhtamaki Korea Co., Ltd. (Seoul) |
The anticipated CAGR for the barrier coated paper industry in Korea through 2033 is 5.3%.
Demand for barrier coated paper in Korea is likely to be US$ 130.7 million by 2033.
Barrier coated paper manufacturers are strategically targeting the pharmaceutical sector to boost sales.
Paper with water-based coating account for 80.1% revenue share in 2023.
Food industry currently garners 63.1% of total demand for barrier coated paper in Korea.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material, 2023 to 2033 5.3.1. Paper 5.3.2. Plastic 5.3.2.1. PE 5.3.2.2. PP 5.3.2.3. PVDC 5.3.2.4. Polysaccharides 5.3.2.5. PLA 5.3.2.6. PHA 5.3.2.7. PET 5.3.2.8. EVOH 5.3.2.9. PA 5.3.3. Wax 5.3.4. AIOx 5.3.5. SiOx 5.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Coating Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Coating Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Coating Type, 2023 to 2033 6.3.1. Water Based 6.3.2. Solvent Based 6.3.3. Wax Coat 6.4. Y-o-Y Growth Trend Analysis By Coating Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Coating Type, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 7.3.1. Packaging 7.3.1.1. Cups and Lid 7.3.1.2. Trays 7.3.1.3. Boxes 7.3.1.4. Pouches 7.3.1.5. Labels 7.3.1.6. Blisters 7.3.1.7. Wraps 7.3.1.8. Tapes 7.3.2. Printing 7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2023 to 2033 8.3.1. Food 8.3.1.1. Bakery 8.3.1.2. Confectionery 8.3.1.3. Snacks 8.3.1.4. Dairy 8.3.1.5. Spices 8.3.1.6. Sauces 8.3.2. Beverages 8.3.3. Cosmetic 8.3.4. Pharma 8.3.5. Building 8.3.6. Electrical 8.3.7. Tobacco 8.3.8. Others 8.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 9.3.1. South Gyeongsang 9.3.2. North Jeolla 9.3.3. South Jeolla 9.3.4. Jeju 9.3.5. Rest of 9.4. Market Attractiveness Analysis By Region 10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Material 10.2.2. By Coating Type 10.2.3. By Application 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Material 10.3.2. By Coating Type 10.3.3. By Application 10.3.4. By End Use 10.4. Key Takeaways 11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Material 11.2.2. By Coating Type 11.2.3. By Application 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Material 11.3.2. By Coating Type 11.3.3. By Application 11.3.4. By End Use 11.4. Key Takeaways 12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Material 12.2.2. By Coating Type 12.2.3. By Application 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Material 12.3.2. By Coating Type 12.3.3. By Application 12.3.4. By End Use 12.4. Key Takeaways 13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Material 13.2.2. By Coating Type 13.2.3. By Application 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Material 13.3.2. By Coating Type 13.3.3. By Application 13.3.4. By End Use 13.4. Key Takeaways 14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Material 14.2.2. By Coating Type 14.2.3. By Application 14.2.4. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Material 14.3.2. By Coating Type 14.3.3. By Application 14.3.4. By End Use 14.4. Key Takeaways 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Material 15.3.3. By Coating Type 15.3.4. By Application 15.3.5. By End Use 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Hankuk Paper 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Hansol Paper 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Paramelt B.V 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Cortec Corporation 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Sierra Coating Technologies LLC 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Stora Enso Oyj 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Altana AG 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Michelman, Inc. 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. OMillionova Solutions Inc. 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. BASF S.E. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Packaging Insights
View Reports