The adoption of paper cup in Korea is estimated to increase at a CAGR of 7.1% through 2033. Paper cup sales in Korea are poised to experience a rise to a valuation of US$ 338 million in 2023. Demand for paper cup from coffee shops and convenience stores is likely to remain significant during the forecast period. This trend is likely to fuel the industry to a valuation of US$ 671.4 million by 2033.
Key Trends- Highlights to Understand Emerging Key Opportunities
| Attributes | Details |
|---|---|
| Industry Size of Korea in 2023 | US$ 338 million |
| Expected Industry Size of Korea by 2033 | US$ 671.4 million |
| Forecasted CAGR from 2023 to 2033 | 7.1% |
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The table indicates that the paperboard segment dominates the industry by material type, acquiring a share of 55.1% in 2023. The table further details end use category and show that the beverage segment leads with a value share of 68.5% in 2023.
| Category | Industry Share in 2023 |
|---|---|
| Paperboard | 55.1% |
| Beverages | 68.5% |
South Korea has been actively promoting eco-friendly practices, and there is a growing trend towards sustainable materials. Paperboard cups align well with this ethos, as they are biodegradable and recyclable. Moreover, cultural preferences also come into play. Traditional Korean dining customs often involve hot beverages like tea or coffee, and paperboard cups provide a convenient and practical solution for takeout or on-the-go consumption. As Korea's hospitality industry gears itself for a new deposit program in December 2022, the number of paperboard cups supplied across 14 café chains and four fast-food restaurants has surged 30% since the pandemic began.
The local paper industry in Korea has seen considerable advancements in technology and infrastructure. This has led to the production of high-quality paperboard material that meets the stringent standards set by both regulatory bodies and consumers. This quality assurance has bolstered the confidence of businesses and consumers in choosing paperboard cups.
The culture of coffee is well entrenched in Korea. The country has one of the maximum per-capita coffee consumption rates in the world. Consumers in this country favor takeout coffee due to their passion for on-the-go lifestyles, which has increased demand for paper cups. The growth of coffee shop chains, both local and foreign, throughout urban areas only serves to further support this tendency.
Korea's culture of convenience stores is prominent. These shops, which are common in cities, sell a variety of drinks. Customers want grab-and-go alternatives because of how quickly modern life moves; thus, paper cups are the container of choice.
Principal Consultant
South Gyeongsang province in South Korea is a significant hub for various industries, including the paper cup industry. The province is home to numerous manufacturers, ranging from small enterprises to large-scale companies, producing a wide range of paper cup products. These businesses contribute significantly to the local economy and also play a role in the larger context of South Korea's export-oriented manufacturing sector.
The industry in South Gyeongsang province is likely to be influenced by global trends such as the shift toward eco-friendly and sustainable packaging. Local companies might face challenges related to compliance with international quality standards and evolving environmental regulations.
South Gyeongsang, North Jeolla, South Jeolla, and Jeju are other regions playing key roles in the Korea paper cup industry.
The paper cup industry in Korea has become more dispersed. Customers are open to new ideas, making it simple for new businesses to enter Korea for paper cup. Gaining consumer loyalty is tough at first appearance. To retain customers, reputable brands continue to deliver the taste of fresh features powered by technology.
When emerging firms form alliances with leading corporations, they are likely to acquire significant exposure. Deploying technology correctly can aid in route optimization, assuring efficient delivery.
The emergence of super applications is another important competitive touchpoint. Key players in Korea keep expanding their operations beyond a particular category to provide their users with an all-inclusive approach.
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| Attributes | Details |
|---|---|
| Industry Size of Korea in 2023 | US$ 338 million |
| Expected Industry Size in 2033 | US$ 671.4 million |
| CAGR from 2023 to 2033 | 7.1% |
| Historical Analysis of Demand for Paper Cup in Korea | 2018 to 2022 |
| Demand Forecast for Paper Cup in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Paper Cup Adoption in Korea, Insights on Industry Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Regions Analyzed While Studying Opportunities in Paper Cup in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Dong Hwa Industry Co., Ltd.; Kumho Paper Cup Co., Ltd.; DongBang Co., Ltd.; Daesung Paper Cup Co., Ltd.; Woosung Paper Co., Ltd.; Hwaseung Industries Co., Ltd.; Hwasung Paper Co., Ltd. |
The anticipated CAGR through 2033 is 7.1%.
Demand for paper cups in Korea is estimated to be worth US$ 671.4 million by 2033.
The industry size is estimated to be US$ 338 million in 2023.
Beverage is the preferred end user for paper cup in Korea.
Hot beverage cup is likely to remain a key contributor in Korea.
1. Executive Summary
1.1. Korea Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. 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. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Capacity
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2023 to 2033
5.3.1. 4 Oz
5.3.1.1. Single wall
5.3.1.2. Double Wall
5.3.1.3. Ripple Wall
5.3.2. 8 Oz
5.3.2.1. Single wall
5.3.2.2. Double Wall
5.3.2.3. Ripple Wall
5.3.3. 12 Oz
5.3.3.1. Single wall
5.3.3.2. Double Wall
5.3.3.3. Ripple Wall
5.3.4. 16 Oz
5.3.4.1. Single wall
5.3.4.2. Double Wall
5.3.4.3. Ripple Wall
5.3.5. 20 Oz
5.3.5.1. Single wall
5.3.5.2. Double Wall
5.3.5.3. Ripple Wall
5.3.6. Other Capacities
5.3.6.1. Single wall
5.3.6.2. Double Wall
5.3.6.3. Ripple Wall
5.4. Y-o-Y Growth Trend Analysis By Capacity, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033
6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material, 2023 to 2033
6.3.1. Paperboard
6.3.2. Kraft Paper
6.3.3. Molded Fiber
6.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033
7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Coatings
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Coatings, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Coatings, 2023 to 2033
7.3.1. PE Coatings
7.3.2. PLA
7.3.3. Water Based Barrier
7.3.4. Bio based
7.4. Y-o-Y Growth Trend Analysis By Coatings, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Coatings, 2023 to 2033
8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Distribution Channel, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Distribution Channel, 2023 to 2033
8.3.1. Direct Sales
8.3.2. Retail
8.3.2.1. Hypermarket
8.3.2.2. Supermarket
8.3.2.3. Convenience Stores
8.3.2.4. Speciality Stores
8.3.3. Distributors
8.3.4. Online
8.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
9. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Applications
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Applications, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Applications, 2023 to 2033
9.3.1. Beverages
9.3.1.1. Cold
9.3.1.2. Hot
9.3.2. Food
9.3.2.1. Spreads
9.3.2.2. Sausages Dressings
9.3.2.3. Confectionary
9.3.2.4. Ice Cream
9.3.2.5. Yogurt
9.3.2.6. Drinks
9.4. Y-o-Y Growth Trend Analysis By Applications, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Applications, 2023 to 2033
10. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022
10.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033
10.3.1. Commercial Use
10.3.1.1. Hotels Cafes
10.3.1.2. Full service restaurants
10.3.1.3. Quick service Restaurants
10.3.1.4. Venue Caterings
10.3.1.5. Mobile Food Vendors
10.3.1.6. Bakery and Patisserie
10.3.2. Institutional Use
10.3.2.1. School Colleges
10.3.2.2. Offices
10.3.2.3. Hospitals
10.3.2.4. Airports Railway
10.3.3. Household Use
10.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
10.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
11. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. Introduction
11.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
11.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
11.3.1. South Gyeongsang
11.3.2. North Jeolla
11.3.3. South Jeolla
11.3.4. Jeju
11.3.5. Rest of Korea
11.4. Market Attractiveness Analysis By Region
12. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Capacity
12.2.2. By Material
12.2.3. By Coatings
12.2.4. By Distribution Channel
12.2.5. By Applications
12.2.6. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Capacity
12.3.2. By Material
12.3.3. By Coatings
12.3.4. By Distribution Channel
12.3.5. By Applications
12.3.6. By End Use
12.4. Key Takeaways
13. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Capacity
13.2.2. By Material
13.2.3. By Coatings
13.2.4. By Distribution Channel
13.2.5. By Applications
13.2.6. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Capacity
13.3.2. By Material
13.3.3. By Coatings
13.3.4. By Distribution Channel
13.3.5. By Applications
13.3.6. By End Use
13.4. Key Takeaways
14. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Capacity
14.2.2. By Material
14.2.3. By Coatings
14.2.4. By Distribution Channel
14.2.5. By Applications
14.2.6. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Capacity
14.3.2. By Material
14.3.3. By Coatings
14.3.4. By Distribution Channel
14.3.5. By Applications
14.3.6. By End Use
14.4. Key Takeaways
15. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Capacity
15.2.2. By Material
15.2.3. By Coatings
15.2.4. By Distribution Channel
15.2.5. By Applications
15.2.6. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Capacity
15.3.2. By Material
15.3.3. By Coatings
15.3.4. By Distribution Channel
15.3.5. By Applications
15.3.6. By End Use
15.4. Key Takeaways
16. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Capacity
16.2.2. By Material
16.2.3. By Coatings
16.2.4. By Distribution Channel
16.2.5. By Applications
16.2.6. By End Use
16.3. Market Attractiveness Analysis
16.3.1. By Capacity
16.3.2. By Material
16.3.3. By Coatings
16.3.4. By Distribution Channel
16.3.5. By Applications
16.3.6. By End Use
16.4. Key Takeaways
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Capacity
17.3.3. By Material
17.3.4. By Coatings
17.3.5. By Distribution Channel
17.3.6. By Applications
17.3.7. By End Use
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Hyunjin Co., Ltd.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Yongho Industy Co., Ltd
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Konie Cups International, Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Bio Futura
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Berry Global Group, Inc.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Stanpac Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Huhtamaki
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Georgia Pacific LLC
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Genpak, LLC
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Pactiv LLC
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. Dart Container Corporation
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
18.1.12. Frugal Pac Limited
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.12.5.2. Product Strategy
18.1.12.5.3. Channel Strategy
18.1.13. F Bender Limited
18.1.13.1. Overview
18.1.13.2. Product Portfolio
18.1.13.3. Profitability by Market Segments
18.1.13.4. Sales Footprint
18.1.13.5. Strategy Overview
18.1.13.5.1. Marketing Strategy
18.1.13.5.2. Product Strategy
18.1.13.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Demand and Sales Analysis of Paper Cup in Korea
