South Korea Paper Packaging Market Share

Market Share of South Korea Paper Packaging Industry

The South Korean paper packaging market is semi-consolidated with the presence of major players like International Paper Company, Rengo Co. Ltd, WestRock Company, Graphic Packaging International Corporation, and Amcor PLC. The market has several firms with significant market shares. The market players are focusing on product innovation to enhance their brand presence through sustainable packaging initiatives.

• June 2023: Hansol Home Deco, a division of Hansol Group, launched medium-density fiberboard made from 100% recycled raw materials, which could be used as packaging pallets, wood bobbins, and interior materials.
• March 2023: Hansol Paper Co., South Korea's largest general paper company, signed a business agreement with Samsung Welstory, a food and beverage service specialist, to develop eco-friendly paper packaging. The deal was done to jointly develop such material for packaged food products at Samsung Welstory's company's in-house restaurants. The eco-friendly packaging will feature paper customized exclusively for Samsung Welstory and the water-soluble coating Terravas. The two companies pledged to raise eco-friendliness and minimize damage to the environment by using recycled PET for package lids and covers.

South Korea Paper Packaging Market Leaders

1. International Paper Company

2. Rengo Co., Ltd.

3. WestRock Company

4. Graphic Packaging International Corporation

5. Amcor Group GmbH

*Disclaimer: Major Players sorted in no particular order