The total adoption of heavy-duty corrugated packaging in Korea is estimated to generate revenue of USD 652.6 million in 2024. According to our industry analysis, the overall demand for such packaging solutions is expected to advance at a 4.1% CAGR through 2034 in the country. The analysis further predicts that the revenue capacity of the heavy-duty corrugated packaging sector in Korea could reach USD 978.2 million by the end of 2034.
Key Insights on the Heavy-duty Corrugated Packaging Sector of Korea
| Attributes | Details |
|---|---|
| Industry size of Korea in 2024 | USD 652.6 million |
| Expected Industry Size of Korea by 2034 | USD 978.2 million |
| Forecasted CAGR between 2024 to 2034 | 4.1% |
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Growing business in Korea through online shopping channels and eCommerce websites has increased the need for safe and reliable packing options in recent years. The strength and protection provided by heavy-duty corrugated packaging have elevated its adoption during the transportation of different types of merchandise.
The manufacturing and export of electronics, automobiles, and chemicals by industries in Korea have also intensified the demand for heavy-duty packaging solutions. These industries often opt for heavy-duty corrugated packaging as a durable solution to safeguard items during shipment and transport over long distances.
Corrugated paper packaging solutions derived from plant-based fibers are frequently recyclable, making them an eco-friendly option for packaging industries based in Korea. As general awareness and government regulations regarding environmental conservation improve, the adoption of heavy-duty corrugated packaging is poised to grow in parallel.
In Korea, the double-wall packaging segment is anticipated to capture around 54.7% of the heavy-duty corrugated packaging sector in 2024.
| Heavy-duty Corrugated Packaging in Korea based on Board Type | Double Wall Packaging |
|---|---|
| Total Share (2024) | 54.7% |
Strict guidelines and quality requirements for packing valuable or delicate goods have increased the demand for double-walled, heavy-duty corrugated packaging in Korea. The popularity of triple-walled corrugated boxes is also growing rapidly in several manufacturing sectors in Korea that produce precious items.
Demand for heavy-duty corrugated packaging from the food & beverage sector in Korea is expected to contribute to 46.0% of the total revenue in 2024.
| Heavy-duty Corrugated Packaging in Korea based on End Use Vertical Type | Food & Beverage Sector |
|---|---|
| Total Share (2024) | 46.0% |
Corrugated paper containers are more widely adopted in the packaging of food and beverage items in Korea due to their neutral and non-toxic nature. Heavy-duty corrugated packaging also helps streamline the supply chain of the food and beverage industries, ultimately lowering the costs of the final product.
The competitive landscape for heavy-duty corrugated packaging in Korea is quite diversified, with many corrugated paper manufacturers and industrial packaging service providers spread across the country. Leading heavy-duty corrugated packaging service providers rely on modern machinery to strengthen their brand identification and provide clients with a satisfying packing experience.
After the proliferation of eCommerce websites, there has been an upsurge in new players in Korea, typically targeting small-scale industries to compete with established players. Going a step further, new Korean heavy-duty corrugated packaging providers have started delivering personalized designs, printing, and packaging options to their clients.
Recent Developments in Heavy-duty Corrugated Packaging Industry in Korea
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 652.6 million |
| Projected Industry Size by 2034 | USD 978.2 million |
| Anticipated CAGR between 2024 to 2034 | 4.1% CAGR |
| Historical Analysis of Demand for Heavy-duty Corrugated Packaging in Korea | 2019 to 2023 |
| Demand Forecast for Heavy-duty Corrugated Packaging in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Heavy-duty Corrugated Packaging in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Korea Providers |
| Key Companies Profiled | Daehan Corrugated Co., Ltd.; Samhwa Packaging Co., Ltd.; Segye Packaging Co., Ltd.; Dongwon Carton Co., Ltd.; Hanlim Packaging Co., Ltd.; Kumkang Unipack Co., Ltd.; Joongang Packaging Co., Ltd.; Dongbu Packaging Co., Ltd.; Myungin Packaging Co., Ltd.; Taeyoung Packaging Co., Ltd.; Korea Carton Co., Ltd.; Kumho Carton Co., Ltd.; Hanjin Heavy Industries Co., Ltd.; POSCO Packaging Co., Ltd.; Samsung SDI Co., Ltd. |
| Key Provinces Analyzed while Studying Opportunities in Heavy-duty Corrugated Packaging in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju, Rest of Korea |
The anticipated CAGR for heavy-duty corrugated packaging in Korea through 2034 is 4.1%.
Heavy-duty corrugated packaging revenue in Korea is likely to surpass USD 978.2 million by 2034.
Companies in Korea are increasingly using the eCommerce sector to scale their business.
Double wall corrugated box is set to account for 54.7% revenue share in Korea in 2024.
The adoption of such packaging in the food & beverage industry is likely to generate 46% revenue in 2024.
| Market Value (2024) | USD 108.9 billion |
|---|---|
| Market Value (2034) | USD 149.8 billion |
| Estimated Growth (2024 to 2034) | 3.2% CAGR |
| Market Size (2023) | USD 443.1 billion |
|---|---|
| Market Size (2033) | USD 778.7 billion |
| Market CAGR (2023 to 2033) | 5.8% |
| Market Value (2023) | USD 20983.4 million |
|---|---|
| Market Expected Value (2033) | USD 34179.75 million |
| Market Projected CAGR (2023 to 2033) | 5.0% |
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Heavy-duty Corrugated Packaging Industry Analysis in Korea
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