Based on our findings, the industry value of barrier coated paper in Korea in 2023 is estimated to reach USD 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 USD 130.7 million by the end of 2033.
| Attributes | Details |
|---|---|
| Industry size of Korea in 2023 | USD 77.8 million |
| Expected Industry Size of Korea by 2033 | USD 130.7 million |
| Forecasted CAGR between 2023 to 2033 | 5.3% |
Explore FMI!
Book a free demo
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
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 77.8 million |
| Projected Industry Size by 2033 | USD 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 USD 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.
Korea Time Temperature Indicator Label Industry Analysis by Product Type, Label Information, Technology, End-Use Industry, and Province through 2035
Japan Time Temperature Indicator Label Industry Analysis by Product Type, Label Information, Technology, End-Use Industry, and Province through 2035
End-of-line Packaging Market Analysis by Technology, Function and End Use Through 2035
4-Loop FIBC Market Growth - Size, Demand & Forecast 2025 to 2035
Fabric Cutting Machine Market Analysis by Machine Type, Fabric Type, Cutting Method Through 2035
Europe Sharps Container Market Analysis by Usage, Capacity, End Use, and Region Forecast Through 2035
Barrier Coated Paper Industry Analysis in Korea
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
