South Korea Paper Packaging Market Size (2024 - 2029)

South Korea Paper Packaging Market Analysis

The South Korea Paper Packaging Market size is estimated at USD 17.41 billion in 2024, and is expected to reach USD 20.49 billion by 2029, growing at a CAGR of 3.31% during the forecast period (2024-2029).

The strong demand for sustainable packaging solutions due to the increasing packaging waste is expected to drive the growth of the South Korean paper packaging market during the forecast period. Food delivery services and expanding e-commerce are anticipated to continue to develop rapidly over the following years, contributing to the market's expansion.

• Consumers in the country are choosing accessible and sustainable packaging options as they become more conscious of the effects of packaging materials on the environment and, because of their busy lifestyles, demand convenience. The need for paper-based packaging supplies is thus anticipated to increase in the country.
• Considering the excessive use of single-use plastics, the government of South Korea banned all types of single-use plastics. Therefore, since banning all sorts of packaging and wrapping materials, the food and beverage industry that relies heavily on plastic packaging is looking for new methods for packaging products that can keep wet food items such as fish and meat safe and withstand transportation stress. Moreover, many such products are made of paper and cardboard that the food and restaurant industry can use in the market. With the ban on plastic packaging material, paper packaging can be a suitable alternative to fill the space.
• The rising retail and e-commerce industries and the growing need for environmentally friendly packaging materials are driving the market's expansion. The need for secondary and tertiary paper packaging products has increased as online shopping platforms have flourished.
• Paper, pulp, resins, paperboard, and adhesives are some of the most popular raw materials utilized by paper packaging industries. The prices of these essential materials have risen dramatically in the flexible packaging business in recent years.
• In South Korea, the paper packaging landscape is characterized by a focus on innovation and sustainability. Manufacturers employ advanced production technologies to create customizable and eco-friendly solutions, catering to the evolving demands of both consumers and businesses. However, the supply chain is facing challenges, particularly in sourcing raw materials and ensuring efficient distribution, prompting manufacturers to streamline operations and invest in supply chain management strategies to maintain competitiveness in the market.

South Korea Paper Packaging Industry Segmentation

The market for the study defines the revenue generated from the sales of paper packaging products, such as folding cartons and corrugated boxes, across various end-user applications considered under the scope. The market tracks the consumption of paper packaging products in the country. The analysis is based on the market insights captured through secondary and primary research. The market also covers the major factors impacting the growth of the South Korean paper packaging market in terms of drivers and restraints.

The South Korean paper packaging market is segmented by product type (folding cartons, corrugated boxes, and other product types [flexible paper packaging, liquid cartons, etc.]) and end-user industry (food and beverage, healthcare, personal care and household care, industrial, and other end-user industries). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.