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% |
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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.
Principal Consultant
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
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| 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
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Barrier Coated Paper Industry Analysis in Korea
