The disposable cutlery in Korea is poised for substantial growth up to 2034, with the adoption of this solution in both the South Gyeongsang and North Jeolla regions anticipated to show a robust CAGR of 6.1% through 2034.
The demand for disposable cutlery has evolved into a mainstream industry in Korea, and this trajectory is set to drive the sector to an estimated valuation of approximately US$ 27.8 million in 2024. With a promising outlook and consumers growing reliance on online shopping platforms, the projected demand for stretch film in Korea is expected to reach an impressive US$ 50.5 million by 2034.
Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
Attributes | Details |
---|---|
Demand Analysis (2024) | US$ 27.8 million |
Demand Forecast (2034) | US$ 50.5 million |
CAGR Estimation (2024 to 2034) | 6.1% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
South Gyeongsang, a region with a diverse economic landscape, including manufacturing and agriculture, could have a dynamic disposable cutlery industry. Given the province significant industrial presence, it is plausible that there are manufacturing facilities producing disposable cutlery to cater to both local and national markets.
The industry in South Gyeongsang might be influenced by global trends, with a potential focus on sustainability given the increasing importance of eco-friendly materials. The province strategic location and infrastructure could also play a role in the distribution and supply chain aspects of the disposable cutlery industry.
North Jeolla, known for its agricultural and manufacturing sectors, may also be in the disposable cutlery industry. The agricultural emphasis in the province could lead to an increased demand for disposable cutlery, especially in food service and catering. The industry in North Jeolla might be influenced by regional preferences, potentially catering to local culinary traditions and practices.
Additionally, given the province role as an agricultural hub, there could be a focus on sustainable and eco-friendly materials in disposable cutlery production, aligning with global trends. Local businesses may also play a role in shaping the industry landscape.
The table below highlights how spoon and food service will lead the product type and end-use in 2024.
Category | Industrial Share in 2024 |
---|---|
Spoon | 56.9% |
Food Service | 59.6% |
In the rapidly evolving landscape of the disposable cutlery industry, 2024 is poised to witness a prominent surge in the dominance of specific product types and end-use categories. Forecasts indicate that spoons will emerge as a frontrunner, commanding a substantial industrial share of 56.9%.
This notable uptick underscores disposable spoons enduring popularity and widespread utility in various applications, from domestic settings to broader commercial and industrial contexts.
The food service sector is anticipated to play a pivotal role in steering the trajectory of the disposable cutlery industry, capturing a significant share of 59.6%. This robust representation signifies disposable cutlery integral role in food service, encompassing restaurants, catering services, and diverse culinary establishments.
The heightened demand within the food service category underscores the convenience, efficiency, and hygiene considerations that drive the pervasive use of disposable cutlery in the dynamic landscape of the hospitality and food industry.
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 2024 | US$ 27.8 million |
Projected Industry Size in 2034 | US$ 50.5 million |
Anticipated CAGR between 2024 to 2034 | 6.1% CAGR |
Demand Forecast for the Disposable Cutlery Industry in Korea | 2024 to 2034 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the Disposable Cutlery Industry in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
Key Provinces Analyzed |
|
Key Companies Profiled |
|
By 2024, the estimated valuation of the disposable cutlery industry is US$ 27.8 million in value terms.
The anticipated CAGR for the disposable cutlery ecosystem through 2034 is 6.1%.
By 2034, the demand for the disposable cutlery industry will reach US$ 50.5 million.
Spoon is estimated to surpass the valuation of the on-premise model soon.
From 2019 to 2023, the industrial valuation rose to a CAGR of 3.1%.
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
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Spoon (Plastic, Wood)
5.3.2. Fork (Plastic, Wood)
5.3.3. Knife (Plastic, Wood)
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Fabrication Process
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Fabrication Process, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Fabrication Process, 2024 to 2034
6.3.1. Thermoforming
6.3.2. Die Cutting
6.3.3. Injection Molding
6.4. Y-o-Y Growth Trend Analysis By Fabrication Process, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Fabrication Process, 2024 to 2034
7. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Cutlery Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Cutlery Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Cutlery Type, 2024 to 2034
7.3.1. Wrapped Cutlery
7.3.2. Dispensed Cutlery
7.4. Y-o-Y Growth Trend Analysis By Cutlery Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Cutlery Type, 2024 to 2034
8. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2024 to 2034
8.3.1. Direct Sales
8.3.2. Distributors
8.3.3. E-retail
8.3.4. Retailers
8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034
9. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By End Use
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023
9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034
9.3.1. Food Service Outlets
9.3.2. Institutional Food Services
9.3.3. Household Use
9.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
9.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
10. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
10.3.1. South Gyeongsang
10.3.2. North Jeolla
10.3.3. South Jeolla
10.3.4. Jeju
10.3.5. Rest of Korea
10.4. Market Attractiveness Analysis By Region
11. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Product Type
11.2.2. By Fabrication Process
11.2.3. By Cutlery Type
11.2.4. By Sales Channel
11.2.5. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Product Type
11.3.2. By Fabrication Process
11.3.3. By Cutlery Type
11.3.4. By Sales Channel
11.3.5. By End Use
11.4. Key Takeaways
12. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Product Type
12.2.2. By Fabrication Process
12.2.3. By Cutlery Type
12.2.4. By Sales Channel
12.2.5. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Product Type
12.3.2. By Fabrication Process
12.3.3. By Cutlery Type
12.3.4. By Sales Channel
12.3.5. By End Use
12.4. Key Takeaways
13. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Product Type
13.2.2. By Fabrication Process
13.2.3. By Cutlery Type
13.2.4. By Sales Channel
13.2.5. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Product Type
13.3.2. By Fabrication Process
13.3.3. By Cutlery Type
13.3.4. By Sales Channel
13.3.5. By End Use
13.4. Key Takeaways
14. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Product Type
14.2.2. By Fabrication Process
14.2.3. By Cutlery Type
14.2.4. By Sales Channel
14.2.5. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By Fabrication Process
14.3.3. By Cutlery Type
14.3.4. By Sales Channel
14.3.5. By End Use
14.4. Key Takeaways
15. Rest of Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Product Type
15.2.2. By Fabrication Process
15.2.3. By Cutlery Type
15.2.4. By Sales Channel
15.2.5. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Product Type
15.3.2. By Fabrication Process
15.3.3. By Cutlery Type
15.3.4. By Sales Channel
15.3.5. By End Use
15.4. Key Takeaways
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product Type
16.3.3. By Fabrication Process
16.3.4. By Cutlery Type
16.3.5. By Sales Channel
16.3.6. By End Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Hyunjin Co., Ltd
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Chang Sung Band Co.,ltd
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Anhui Jialong Knives Manufacturing Co.,Ltd
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Anchor Packaging
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Apollo Funds
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Biopak
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. D&W Fine Pack
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Dart Container Corporation
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Hotpack Global
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Pactiv Evergreen
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Gold Plast
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
Explore Packaging Insights
View Reports