Demand Forecast for Barrier Coated Paper in Korea, by Water-based and Solvent-based Coating Type, 2023 to 2033
Barrier Coated Paper Packaging Gains Momentum as Consumer Product Makers Embrace the Trend. Barrier Coated Paper Manufacturers in Korea are Eyeing to Further Capitalize its Applications beyond Packaging
A Complete Study of Barrier Coated Paper in Korea from 2023 to 2033
Based on our findings, the industry value of barrier coated paper in Korea in 2023 is estimated to reach US$ 77.8 million. Over the forecast period, the sales of barrier coated paper in the country are expected to develop at a compound annual growth rate (CAGR) of 5.3%. With these projections, the regional barrier coated paper industry is anticipated to be worth around US$ 130.7 million by the end of 2033.
Attributes
Details
Industry size of Korea in 2023
US$ 77.8 million
Expected Industry Size of Korea by 2033
US$ 130.7 million
Forecasted CAGR between 2023 to 2033
5.3%
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Key Insights on the Barrier Coated Paper Sector of Korea
Barrier coated paper is lightweight and recyclable, making it suitable for a variety of uses such as printing, writing, packing, and home items.
Between 2018 and 2022, Korea witnessed the significant adoption of barrier coated paper, with values reaching US$ 66 million and US$ 73.9 million, respectively, demonstrating a CAGR of 2.9%.
The development of customized barrier sheets tailored to specific industries and applications, addressing unique requirements for vapor, fragrance, and oil leakage prevention in premium products.
Top 5 Key Trends Influencing Demand for Barrier Coated Paper in Korea
Korea's Shift to Sustainable Packaging: Traditionally, grease barriers and moisture barriers constituted a significant portion of the total barrier coated paper used in Korea. However, due to their detrimental environmental effects, paper-based formats with biodegradable barrier coatings are gaining more traction these days.
Premium and Custom Solutions for Eco-packaging: Customized barrier sheets are experiencing a surge in popularity for preventing vapor, fragrance, and mineral-based oil leakage in various premium products. Pharmaceutical companies in Korea have also ramped up their use of barrier coated paper for exporting products to countries that prioritize eco-friendly packaging.
Cosmetic Industry Embraces Green Barrier Solutions: Companies in Korea are introducing innovative materials like barrier bio-waxes, which are primarily adopted for applications outside of food and beverages. In Korea, cosmetics and home care items are increasingly embracing these barrier papers.
Tackling Challenges in Paper Packaging: The porous nature and hydrophilic properties of paper do pose some challenges, especially in packaging applications that require extended storage. Controlling wetting and barrier qualities to prevent fiber swelling is crucial for maintaining the integrity of packaging solutions.
A New Era for Packaging: The emerging trend of internal sizing or treating paper with exterior functional and barrier coatings holds promise in Korea. This approach enhances the quality of barrier coated paper and is anticipated to drive their adoption in the packaging sector.
Find your sweet spots for generating winning opportunities in this market.
Comparative View of Barrier Coated Paper Industry in Key Adjacent Regions
The following table shows the progress of the barrier coated paper industry in Korea in comparison to that in Japan and the rest of the world. Globally, countries encounter distinct challenges and opportunities in the adoption of barrier coated paper that are specific to their respective regions. However, the trends for barrier coated paper in Japan are applicable to Korea.
Demand for Barrier Coated Paper in Korea:
Attributes
Demand for Barrier Coated Paper in Korea
CAGR (2023 to 2033)
5.3%
Valuation (2023)
US$ 77.8 million
Key Trend
Improving manufacturing procedures to generate final system designs that include one to three distinct coatings for diverse roles.
Key Challenge
Manufacturers are invested more in development of fiber-based products as a more reliable material than paper.
Popularity of Barrier Coated Paper in Japan:
Attributes
Popularity of Barrier Coated Paper in Japan
CAGR (2023 to 2033)
3.3%
Valuation (2023)
US$ 195.5 million
Key Trend
Recent breakthroughs in wrapping paper, particularly in water-based barrier coated paper.
Key Challenge
Strict environmental laws imposed in Japan on use of any type of food contact paper.
Adoption Scenario of Barrier Coated Paper in Global Context:
Attributes
Adoption Scenario of Barrier Coated Paper in Global Context
CAGR (2023 to 2033)
4.6%
Valuation (2023)
US$ 4,809.5 million
Key Trend
Printing details about product on barrier coated paper to draw customers’ attention more and improves the packed item's appearance.
Key Challenge
Stringent regulations regarding use of plastic, and polymer materials in barrier coatings.
Category-wise insights
Water-based Coating Materials are Driving Product Sales in Korea
According to the regional survey, the water-based coating segment is estimated to capture 54.2% of sales in Korea in 2023. Novel bio-based materials, especially water-based coatings, are being prioritized over conventional coating materials. It is projected that the environmentally beneficial features of water-based barrier coatings could drive the segment at a higher CAGR through 2033.
Barrier Coated Paper in Korea based on Coating Type
Water-based
Total Share (2023)
54.2%
Food Packaging Requirements makes the Leading End Use Segment in Korea
Since barrier coating paper is frequently used in food packaging, the food industry creates the maximum demand for barrier coated paper in Korea as well. In the current year 2023, this end use segment is poised to contribute to around 63.1% of the total sales in the country. Furthermore, barrier coatings are used in a variety of non-food products, commonly cosmetics and personal care, to ensure reliable transportation during uncertain weather conditions.
Barrier Coated Paper in Korea based on End Use Vertical
Food Industry
Total Share (2023)
63.1%
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Competitive Landscape
Barrier Coated paper manufacturing companies in Korea are expanding their manufacturing facilities in order to manufacture totally recyclable sheets and enter the barrier coater paper sector. It is expected to overhaul the existing supply chain of barrier coated paper in the short term by intensifying the competition with existing players.
Producers of barrier coated paper in Korea are catching up with the global trend of using bio-based solutions instead of polymer coatings that are not biodegradable. Advancing technologies for coating, such as slide covering and curtain processes also have a lot of potential to improve process efficiency and financial feasibility.
Recent Developments in Barrier Coated Paper in Korea
In May 2020, Hankuk Paper Company, based in South Korea, introduced a unique barrier coated paper product. The company claims that this product line does not require plastic or Polyethylene (PE) coating like traditional barrier coated paper. It is also made from recycled paper materials, emphasizing a step toward eco-friendly solutions for the packaging industry.
In January 2022, The Hansol Paper Company introduced 'Hansol EB', which is highly advanced in terms of efficiency, with reduced production costs and a shortened production process. This new product line is in contrast to other packaging types that block oxygen, moisture, etc., by bonding two to three layers of plastic film or aluminum foil together. The exceptional oxygen and moisture barriers of Hansol EB, in particular, successfully prevent any potential content degradation during the distribution process.
Key Players for Barrier Coated Paper in Korea
KRPA PAPER Company (Seoul)
Transparent Paper LTD (Cheongju)
Toppan Printing (Korea) Co., Ltd. (Seoul)
Nippon Paper (Korea) Co., Ltd. (Seoul)
Sappi Korea Co., Ltd. (Seoul)
Mondi Korea Co., Ltd. (Seoul)
UPM Raflatac Korea Co., Ltd. (Seoul)
Mitsubishi Hitec Paper Korea Co., Ltd. (Seoul)
International Paper Korea Co., Ltd. (Seoul)
Nine Dragons Paper Korea Co., Ltd. (Seoul)
Huhtamaki Korea Co., Ltd. (Seoul)
Scope of the Report
Attribute
Details
Estimated Industry Size in 2023
US$ 77.8 million
Projected Industry Size by 2033
US$ 130.7 million
Anticipated CAGR between 2023 to 2033
5.3% CAGR
Historical Analysis of Demand for Barrier Coated Paper in Korea
2018 to 2022
Demand Forecast for Barrier Coated Paper in Korea
2023 to 2033
Report Coverage
Industry Size, Industry Trends, Analysis of key factors influencing Barrier Coated Paper in Korea, Insights on Global Players and their Industry Strategy in Korea , Ecosystem Analysis of Local and Korea Providers
Key Provinces Analyzed
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Key Companies Profiled
KRPA PAPER Compan (Seoul)
Transparent Paper LTD (Cheongju)
Toppan Printing (Korea) Co., Ltd. (Seoul)
Nippon Paper (Korea) Co., Ltd. (Seoul)
Sappi Korea Co., Ltd. (Seoul)
Mondi Korea Co., Ltd. (Seoul)
UPM Raflatac Korea Co., Ltd. (Seoul)
Mitsubishi Hitec Paper Korea Co., Ltd. (Seoul)
International Paper Korea Co., Ltd. (Seoul)
Nine Dragons Paper Korea Co., Ltd. (Seoul)
Huhtamaki Korea Co., Ltd. (Seoul)
Key Segments
By Coating Type:
Water-based Coating
Solvent-based Coating
Wax Coating
Extrusion Coating
By Material Type:
Paper Coating
Plastic Coating
Polyethylene (PE)
Polypropylene (PP)
Polyvinylidene dichloride (PVDC)
Polyethylene Terephthalate (PET)
Bio-based Plastic Coating
Polysaccharides
Polylactic Acid (PLA)
Polyhydroxyalkanoates (PHA)
Ethylene Vinyl Alcohol (EVOH)
Polyamide (PA)
Wax Coating
Other Coating Materials
By Thickness (ISO 534):
Less than 50 µm
51 µm to 75 µm
75 µm to 100 µm
By Packaging Application:
Cups & Lids
Trays
Laminates
Boxes & Cartons
Pouches & Sachets
Labels
Blisters & Clamshells
Wraps
Tapes
Others
By End-user Verticals:
Food Packaging
Bakery
Confectionery
Snacks
Dairy
Spices & Condiments
Sauces
Beverages Packaging
Cosmetic & Personal Care Packaging
Pharmaceuticals Packaging
Building & Construction Packaging
Electrical & Electronics Packaging
Tobacco Packaging
Packaging of Other Consumer Goods (Agriculture, Automotive, Home Care, etc.)
By Key Provinces:
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Frequently Asked Questions
What is the Projected Growth Rate for Barrier Coated Paper Adoption in Korea?
The anticipated CAGR for the barrier coated paper industry in Korea through 2033 is 5.3%.
How big will the Barrier Coated Paper Business be in Korea?
Demand for barrier coated paper in Korea is likely to be US$ 130.7 million by 2033.
How Barrier Coated Paper Companies are Driving Business?
Barrier coated paper manufacturers are strategically targeting the pharmaceutical sector to boost sales.
Which is the Leading Barrier Coated Paper Type Segment in Korea?
Paper with water-based coating account for 80.1% revenue share in 2023.
Which End Use Creates the Maximum Demand for Barrier Coated Paper in Korea?
Food industry currently garners 63.1% of total demand for barrier coated paper in Korea.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. 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
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material, 2023 to 2033
5.3.1. Paper
5.3.2. Plastic
5.3.2.1. PE
5.3.2.2. PP
5.3.2.3. PVDC
5.3.2.4. Polysaccharides
5.3.2.5. PLA
5.3.2.6. PHA
5.3.2.7. PET
5.3.2.8. EVOH
5.3.2.9. PA
5.3.3. Wax
5.3.4. AIOx
5.3.5. SiOx
5.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Coating Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Coating Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Coating Type, 2023 to 2033
6.3.1. Water Based
6.3.2. Solvent Based
6.3.3. Wax Coat
6.4. Y-o-Y Growth Trend Analysis By Coating Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Coating Type, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Packaging
7.3.1.1. Cups and Lid
7.3.1.2. Trays
7.3.1.3. Boxes
7.3.1.4. Pouches
7.3.1.5. Labels
7.3.1.6. Blisters
7.3.1.7. Wraps
7.3.1.8. Tapes
7.3.2. Printing
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2023 to 2033
8.3.1. Food
8.3.1.1. Bakery
8.3.1.2. Confectionery
8.3.1.3. Snacks
8.3.1.4. Dairy
8.3.1.5. Spices
8.3.1.6. Sauces
8.3.2. Beverages
8.3.3. Cosmetic
8.3.4. Pharma
8.3.5. Building
8.3.6. Electrical
8.3.7. Tobacco
8.3.8. Others
8.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
9.3.1. South Gyeongsang
9.3.2. North Jeolla
9.3.3. South Jeolla
9.3.4. Jeju
9.3.5. Rest of
9.4. Market Attractiveness Analysis By Region
10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Material
10.2.2. By Coating Type
10.2.3. By Application
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Material
10.3.2. By Coating Type
10.3.3. By Application
10.3.4. By End Use
10.4. Key Takeaways
11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Material
11.2.2. By Coating Type
11.2.3. By Application
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Material
11.3.2. By Coating Type
11.3.3. By Application
11.3.4. By End Use
11.4. Key Takeaways
12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Material
12.2.2. By Coating Type
12.2.3. By Application
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Material
12.3.2. By Coating Type
12.3.3. By Application
12.3.4. By End Use
12.4. Key Takeaways
13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Material
13.2.2. By Coating Type
13.2.3. By Application
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Material
13.3.2. By Coating Type
13.3.3. By Application
13.3.4. By End Use
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Material
14.2.2. By Coating Type
14.2.3. By Application
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Material
14.3.2. By Coating Type
14.3.3. By Application
14.3.4. By End Use
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Material
15.3.3. By Coating Type
15.3.4. By Application
15.3.5. By End Use
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Hankuk Paper
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Hansol Paper
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Paramelt B.V
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Cortec Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Sierra Coating Technologies LLC
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Stora Enso Oyj
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Altana AG
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Michelman, Inc.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. OMillionova Solutions Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. BASF S.E.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
