The glassine paper ecosystem in Korea is forecast to expand at a CAGR of 6.0% from 2024 to 2034. Sales of glassine paper in Korea are poised to witness significant opportunities with an expected valuation of USD 96.7 million in 2024.
| Attributes | Details |
|---|---|
| Expected Value in 2024 | USD 96.7 million |
| Projected Value in 2034 | USD 173.4 million |
| CAGR Estimation from 2024 to 2034 | 6.0% |
Shifting consumer preferences towards sustainable packaging has prompted manufacturers to adopt eco-friendly alternatives such as glassine paper. This shift in consumer demand drives companies to adjust their packaging strategies, aiming to stay competitive by aligning with the growing preference for environmentally friendly options. By 2034, glassine paper demand in Korea will likely secure a value of USD 173.4 million.
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Substantial presence of a food processing sector in South Gyeongsang province, glassine paper emerges as a prime choice for packaging various food products. Its exceptional resistance to grease and moisture aligns perfectly with the needs of this region, covering seafood, agricultural goods, and traditional Korean foods.
Glassine paper is use in packaging sensitive cosmetic products, such as creams, lotions, or masks, aligns with the requirements of this sector, which emphasizes both functionality and aesthetic appeal. Glassine paper's transparency and printability make it useful in packaging and protecting the province's handmade crafts, art pieces, or specialty products.
The thriving agricultural output of North Jeolla Province, renowned for its rice, fruits, and vegetables, presents an opportunity for leveraging glassine paper. Its protective capabilities against moisture and grease position it as a viable solution for preserving the quality of fresh produce during storage and transportation, driving its potential use in packaging within the agricultural sector.
The demand for packaging materials remains significant in retail and e-commerce. Glassine paper, known for its protective and visually appealing properties, could be used for packaging items sold online or in retail stores across different industries in North Jeolla
Based on material, glassine paper in Korea is likely to be dominated by the bleached segment, with a share of 65.90%. Bleached glassine paper offers a pristine, white appearance, making it visually appealing. This aspect is particularly valuable in industries where product presentation and aesthetics play a significant role, such as cosmetics, high-end food packaging, and luxury goods.
Bleached glassine paper provides an excellent surface for printing. Its smooth and uniform texture allows for vibrant and high-quality printing, making it an ideal choice for brands looking to showcase their logos, designs, or product information prominently. Bleached glassine paper maintains the inherent properties of regular glassine paper, including its grease resistance, moisture resistance, and protective qualities.
| Attribute | Details |
|---|---|
| Material | Bleached |
| Value Share | 65.90% |
Based on end-use, the food segment will likely dominate glassine paper in Korea, with a share of 28.40%. In the food industry, especially for items like bakery products, confectionery, and snacks, maintaining hygiene and freshness is crucial.
The protective qualities of glassine paper helps preserve the quality of these food items. Glassine paper is used in various packaging formats, such as pouches, bags, or wrappers, making it adaptable to different types of food products, both solid and semi-solid.
With the increasing consumer demand for eco-friendly and sustainable packaging options, glassine paper's biodegradability and recyclability make it an appealing choice for food companies aiming to align with these preferences.
| Attribute | Details |
|---|---|
| End Use | Food |
| Value Share | 28.40% |
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Industry players in glassine paper in Korea are using mergers & acquisitions as a critical strategy for expanding their geographical presence and for more business in terms of revenue
Product Offering
Seaman Paper Korea specializes in various specialty papers, including glassine paper. They focus on customization and providing tailored solutions to clients in industries such as food packaging, cosmetics, and crafts.
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 96.7 million |
| Projected Industry Size in 2034 | USD 173.4 million |
| Anticipated CAGR between 2024 to 2034 | 6.0% CAGR |
| Historical Analysis of Demand for Glassine Paper in Korea | 2019 to 2023 |
| Demand Forecast for Glassine Paper in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Glassine Paper Sales in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local Providers in Korea |
| Key Province Analyzed while Studying Opportunities Glassine Paper in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju, Rest of Korea |
| Key Companies Profiled | Osung Industry; UPM Specialty Papers; KRPA Paper; Metsa Tissue; Riverside Paper; Glassine Canada Inc.; Nippon Paper Industries; Glatfelter Corporation; Singhvi Foils; Lintec Corp |
The estimated valuation of the glassine paper industry in Korea is USD 96.7 million in 2024.
The anticipated CAGR for the glassine paper ecosystem in Korea through 2034 is 6.0%.
The glassine paper landscape in Korea is forecast to reach USD 173.4 million by 2034.
Demand for bleached glassine paper is expected to be significant, capturing 65.9% of total revenue in 2024.
| Market Value (2023) | USD 3.08 billion |
|---|---|
| Market Expected Value (2033) | USD 4.99 billion |
| Market Projected CAGR (2023 to 2033) | 4.9% |
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Glassine Paper Industry Analysis in Korea
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