A Complete Study of Barrier Coated Paper in Korea from 2023 to 2033

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%

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Key Insights on the Barrier Coated Paper Sector of Korea

  • Barrier coated paper is lightweight and recyclable, making it suitable for a variety of uses such as printing, writing, packing, and home items.
  • Between 2018 and 2022, Korea witnessed the significant adoption of barrier coated paper, with values reaching USD 66 million and USD 73.9 million, respectively, demonstrating a CAGR of 2.9%.
  • The development of customized barrier sheets tailored to specific industries and applications, addressing unique requirements for vapor, fragrance, and oil leakage prevention in premium products.

Top 5 Key Trends Influencing Demand for Barrier Coated Paper in Korea

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.

Ismail Sutaria
Ismail Sutaria

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Category-wise insights

Water-based Coating Materials are Driving Product Sales in Korea

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%

Food Packaging Requirements makes the Leading End Use Segment in Korea

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%

Competitive Landscape

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

  • In May 2020, Hankuk Paper Company, based in South Korea, introduced a unique barrier coated paper product. The company claims that this product line does not require plastic or Polyethylene (PE) coating like traditional barrier coated paper. It is also made from recycled paper materials, emphasizing a step toward eco-friendly solutions for the packaging industry.
  • In January 2022, The Hansol Paper Company introduced 'Hansol EB', which is highly advanced in terms of efficiency, with reduced production costs and a shortened production process. This new product line is in contrast to other packaging types that block oxygen, moisture, etc., by bonding two to three layers of plastic film or aluminum foil together. The exceptional oxygen and moisture barriers of Hansol EB, in particular, successfully prevent any potential content degradation during the distribution process.

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Key Players for Barrier Coated Paper in Korea

  • KRPA PAPER Company (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)

Scope of the Report

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)

Key Segments

By Coating Type:

  • Water-based Coating
  • Solvent-based Coating
  • Wax Coating
  • Extrusion Coating

By Material Type:

  • Paper Coating
  • Plastic Coating
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyvinylidene dichloride (PVDC)
    • Polyethylene Terephthalate (PET)
  • Bio-based Plastic Coating
    • Polysaccharides
    • Polylactic Acid (PLA)
    • Polyhydroxyalkanoates (PHA)
      • Ethylene Vinyl Alcohol (EVOH)
      • Polyamide (PA)
  • Wax Coating
  • Other Coating Materials

By Thickness (ISO 534):

  • Less than 50 µm
  • 51 µm to 75 µm
  • 75 µm to 100 µm

By Packaging Application:

  • Cups & Lids
  • Trays
  • Laminates
  • Boxes & Cartons
  • Pouches & Sachets
  • Labels
  • Blisters & Clamshells
  • Wraps
  • Tapes
  • Others

By End-user Verticals:

  • Food Packaging
    • Bakery
    • Confectionery
    • Snacks
    • Dairy
    • Spices & Condiments
    • Sauces
  • Beverages Packaging
  • Cosmetic & Personal Care Packaging
  • Pharmaceuticals Packaging
  • Building & Construction Packaging
  • Electrical & Electronics Packaging
  • Tobacco Packaging
  • Packaging of Other Consumer Goods (Agriculture, Automotive, Home Care, etc.)

By Key Provinces:

  • South Gyeongsang
  • North Jeolla
  • South Jeolla
  • Jeju

Frequently Asked Questions

What is the Projected Growth Rate for Barrier Coated Paper Adoption in Korea?

The anticipated CAGR for the barrier coated paper industry in Korea through 2033 is 5.3%.

How big will the Barrier Coated Paper Business be in Korea?

Demand for barrier coated paper in Korea is likely to be USD 130.7 million by 2033.

How Barrier Coated Paper Companies are Driving Business?

Barrier coated paper manufacturers are strategically targeting the pharmaceutical sector to boost sales.

Which is the Leading Barrier Coated Paper Type Segment in Korea?

Paper with water-based coating account for 80.1% revenue share in 2023.

Which End Use Creates the Maximum Demand for Barrier Coated Paper in Korea?

Food industry currently garners 63.1% of total demand for barrier coated paper in Korea.

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Market Background
	4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
	5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material
		5.1. Paper
		5.2. Plastic
			5.2.1. PE
			5.2.2. PP
			5.2.3. PVDC
			5.2.4. Polysaccharides
			5.2.5. PLA
			5.2.6. PHA
			5.2.7. PET
			5.2.8. EVOH
			5.2.9. PA
		5.3. Wax
		5.4. AIOx
		5.5. SiOx
	6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Coating Type
		6.1. Water Based
		6.2. Solvent Based
		6.3. Wax Coat
	7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
		7.1. Packaging
			7.1.1. Cups and Lid
			7.1.2. Trays
			7.1.3. Boxes
			7.1.4. Pouches
			7.1.5. Labels
			7.1.6. Blisters
			7.1.7. Wraps
			7.1.8. Tapes
		7.2. Printing
	8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
		8.1. Food
			8.1.1. Bakery
			8.1.2. Confectionery
			8.1.3. Snacks
			8.1.4. Dairy
			8.1.5. Spices
			8.1.6. Sauces
		8.2. Beverages
		8.3. Cosmetic
		8.4. Pharma
		8.5. Building
		8.6. Electrical
		8.7. Tobacco
		8.8. Others
	9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
		9.1. South Gyeongsang
		9.2. North Jeolla
		9.3. South Jeolla
		9.4. Jeju
	10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
	11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
	12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
	13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
	14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
	15. Market Structure Analysis
	16. Competition Analysis
		16.1. Hankuk Paper
		16.2. Hansol Paper
		16.3. Paramelt B.V
		16.4. Cortec Corporation
		16.5. Sierra Coating Technologies LLC
		16.6. Stora Enso Oyj
		16.7. Altana AG
		16.8. Michelman, Inc.
		16.9. OMillionova Solutions Inc.
		16.10. BASF S.E.
	17. Assumptions & Acronyms Used
	18. Research Methodology
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