Heavy-duty Corrugated Packaging Industry Analysis in Korea
Demand Forecast for Heavy-duty Corrugated Packaging in Korea, by Single Wall and Double Wall Board Type, 2024 to 2034
Heavy-duty Corrugated Packaging is Fortifying Commerce in Korea. Packaging Service Providers are Powering up Corrugated Materials to Bolster their Businesses
A Complete Study of Heavy-duty Corrugated Packaging in Korea from (2024 to 2034)
The total adoption of heavy-duty corrugated packaging in Korea is estimated to generate revenue of US$ 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 US$ 978.2 million by the end of 2034.
Key Insights on the Heavy-duty Corrugated Packaging Sector of Korea
With a 2.5% CAGR between 2019 and 2023, the net worth of the heavy-duty corrugated packaging business in Korea reached US$ 617.9 million in 2023.
There has been exponential growth in the manufacturing of electronics, smart gadgets, and automotive parts in Korea.
Customized heavy-duty corrugated packaging boxes that are printable meet the branding and marketing requirements of loose selling items.
Attributes
Details
Industry size of Korea in 2024
US$ 652.6 million
Expected Industry Size of Korea by 2034
US$ 978.2 million
Forecasted CAGR between 2024 to 2034
4.1%
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Top Trends Influencing the Demand for Heavy-duty Corrugated Packaging in Korea
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.
Comparative View of Heavy-duty Corrugated Packaging Industry in Key Adjacent Regions
Below, we provide a regional breakdown of heavy-duty corrugated packaging trends and challenges experienced by players in Korea, Japan, and the rest of the world. There has been an upsurge in the supply side of heavy-duty corrugated packaging products around the world, including Korea and Japan. However, diverse demands in respective regions are expected to define the future course of this sector in the coming days.
Demand for Heavy-duty Corrugated Packaging in Korea:
Attributes
Demand for Heavy-duty Corrugated Packaging in Korea
CAGR (2024 to 2034)
4.1%
Valuation (2024)
US$ 652.6 million
Key Trend
Growing sales volume over online retail channels or eCommerce websites has surged the domestic demand for heavy-duty corrugated packaging boxes.
Key Challenge
Less longevity of any type of packaging containers made up of corrugated or biodegradable materials limits its use for longer storage time.
Popularity of Heavy-duty Corrugated Packaging in Japan:
Attributes
Popularity of Heavy-duty Corrugated Packaging in Japan
CAGR (2024 to 2034)
3.7%
Valuation (2024)
US$ 1,460.8 million
Key Trend
Flexibility of heavy-duty corrugated packaging solutions for diverse range of product categories and sizes.
Key Challenge
Sourcing sufficient eco-friendly raw materials, like paper and natural fibers poses as a leading challenge for manufacturers in Korea.
Adoption Scenario of Heavy-duty Corrugated Packaging in Global Context:
Attributes
Adoption Scenario of Heavy-duty Corrugated Packaging in Global Context
CAGR (2024 to 2034)
4.0%
Valuation (2024)
US$ 20,974.9 million
Key Trend
Nations around the world are focusing more on improving their logistics infrastructure and are encouraging small-scale packaging industries.
Key Challenge
A greater share of the total demand for packaging services is captured by industries providing packaging materials of plastic and other materials.
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Category-wise insights
Double Wall Packaging Boxes are in Higher Requirement in Korea
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.
Food and beverage Packaging Requirements have strengthened the Demand in Korea.
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.
Competitive Landscape
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
Samsung SDI Co. Ltd. and Dezeen Company collaborated to organize a global competition in September 2020 to find creative ideas for producing everyday items using recycled corrugated boxes. This event was part of Samsung's continuous efforts to reduce waste and carbon emissions, as well as to make its manufactured products more ecologically friendly.
In January 2021, Market Kurly, a grocery delivery service in South Korea, received an award from the World Packaging Organization for its innovative insulating packaging. Market Kurly won the award in the transportation category for developing and using environmentally friendly insulated corrugated packaging boxes for their delivery business.
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Key Players for Heavy-duty Corrugated Packaging in Korea
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.
Scope of the Report
Attribute
Details
Estimated Industry Size in 2024
US$ 652.6 million
Projected Industry Size by 2034
US$ 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
Key Segments Covered in Korea Heavy-duty Corrugated Packaging Industry Survey
By Product Type:
Corrugated Boxes
Pallet Boxes
Single Cover Boxes
Double Cover Boxes
Telescopic Boxes
Liquid Bulk Boxes
Slotted Boxes
Others
Octabins
High-Performance Totes
Vegetable Totes
Pallets
POP Displays
Others (Edge Protectors, etc.)
By Board Type:
Single Wall Packaging
Double Wall Packaging
Triple Wall Packaging
By Capacity:
Up to 100 lbs. Capacity
100 to 300 lbs. Capacity
Above 300 lbs. Capacity
By End Use Verticals:
Food & Beverages
Chemicals
Consumer Electronics
Cosmetics & Personal Care
Healthcare
Textiles
Glassware & Ceramics
Automobiles
Homecare
Other End Use Verticals
By Key City/Province:
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Frequently Asked Questions
At What Rate is the Heavy-duty Corrugated Packaging growing in Korea?
The anticipated CAGR for heavy-duty corrugated packaging in Korea through 2034 is 4.1%.
How big will the Heavy-duty Corrugated Packaging Business be in Korea?
Heavy-duty corrugated packaging revenue in Korea is likely to surpass US$ 978.2 million by 2034.
What is the Key Strategy of Heavy-duty Corrugated Packaging Companies?
Companies in Korea are increasingly using the eCommerce sector to scale their business.
Which is the Preferred Board Type for Heavy-duty Corrugated Packaging in Korea?
Double wall corrugated box is set to account for 54.7% revenue share in Korea in 2024.
What is the Prominent End Use of Heavy-duty Corrugated Packaging in Korea?
The adoption of such packaging in the food & beverage industry is likely to generate 46% revenue in 2024.
Table of Content
1. Executive Summary
1.1. Korea Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. 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. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Board Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Board Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Board Type, 2024 to 2034
5.3.1. Single Wall
5.3.2. Double Wall
5.3.3. Triple Wall
5.4. Y-o-Y Growth Trend Analysis By Board Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Board Type, 2024 to 2034
6. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
6.3.1. Boxes
6.3.1.1. Pallet Boxes
6.3.1.2. Single Cover Boxes
6.3.1.3. Double Cover Boxes
6.3.1.4. Telescopic Boxes
6.3.1.5. Liquid Bulk Boxes
6.3.1.6. Slotted Boxes
6.3.1.7. Others
6.3.2. Octa bins
6.3.3. HPT
6.3.4. Vegetable Totes
6.3.5. Pallets
6.3.6. POP Displays
6.3.7. Others(Edge Protectors, Inserts)
6.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
7. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Capacity
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2024 to 2034
7.3.1. Up to 100 lbs
7.3.2. 100 to 300 lbs
7.3.3. Above 300 lbs
7.4. Y-o-Y Growth Trend Analysis By Capacity, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Capacity, 2024 to 2034
8. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By End Use
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034
8.3.1. Food & Beverages
8.3.2. Chemicals
8.3.3. Consumer Electronics
8.3.4. Cosmetics & PC
8.3.5. Healthcare
8.3.6. Textile
8.3.7. Glassware & ceramics
8.3.8. Automobile
8.3.9. Homecare
8.3.10. Others
8.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
9. Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
9.3.1. South Gyeongsang
9.3.2. North Jeolla
9.3.3. South Jeolla
9.3.4. Jeju
9.3.5. Rest of Korea
9.4. Market Attractiveness Analysis By Region
10. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Board Type
10.2.2. By Product Type
10.2.3. By Capacity
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Board Type
10.3.2. By Product Type
10.3.3. By Capacity
10.3.4. By End Use
10.4. Key Takeaways
11. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Board Type
11.2.2. By Product Type
11.2.3. By Capacity
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Board Type
11.3.2. By Product Type
11.3.3. By Capacity
11.3.4. By End Use
11.4. Key Takeaways
12. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Board Type
12.2.2. By Product Type
12.2.3. By Capacity
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Board Type
12.3.2. By Product Type
12.3.3. By Capacity
12.3.4. By End Use
12.4. Key Takeaways
13. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Board Type
13.2.2. By Product Type
13.2.3. By Capacity
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Board Type
13.3.2. By Product Type
13.3.3. By Capacity
13.3.4. By End Use
13.4. Key Takeaways
14. Rest of Korea Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Board Type
14.2.2. By Product Type
14.2.3. By Capacity
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Board Type
14.3.2. By Product Type
14.3.3. By Capacity
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 Board Type
15.3.3. By Product Type
15.3.4. By Capacity
15.3.5. By End Use
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Mondi Group
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. VPK Packaging Group
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. International Paper Company
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. WestRock Company
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. Georgia Pacific 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. Pratt Industries Inc.
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. Smurfit Kappa Group Plc.
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. DS Smith Packaging Limited
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. Sonoco Products Company
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. Elsons International
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
