The sales of molded fiber pulp packaging in Korea, valued at USD 470.7 million in 2022, are expected to increase to USD 499.7 million in 2023. Over the next decade, the adoption of molded fiber pulp packaging in the country is forecasted to surge at a promising 6.1% CAGR. The analysis also predicts a potential net revenue of around USD 902.4 million from the sales of molded fiber pulp packaging by 2033.
Key Insights on the Molded Fiber Pulp Packaging Sector of Korea
| Attributes | Details |
|---|---|
| Industry size of Korea in 2023 | USD 499.7 million |
| Expected Industry Size of Korea by 2033 | USD 902.4 million |
| Forecasted CAGR between 2023 to 2033 | 6.1% |
Rapid Industry Growth Spurs Molded Fiber Packaging Craze: End-use industries, such as food and beverage, food service, healthcare, and electronics, are fueling the demand for molded fiber pulp packaging. This surge is a result of the rapid growth of these industries in Korea, leading to a substantial increase in the popularity of molded fiber pulp packaging services in the country.
Korea Embraces Eco-friendly Wave with Molded Fiber Packaging: One of the key industry trends promoting the use of molded fiber pulp packaging in Korea is the increasing preference for products made from biodegradable and compostable materials. This trend is expected to continue gaining momentum in Korea as consumers become more environmentally conscious about the impact of their purchases.
3D Printing Revolutionizes Custom Molded Packaging in Korea: The industry in Korea is also seeing an increase in demand for custom-molded pulp packaging items. Considering the development of revolutionary technologies like 3D printing, industry players in Korea are now building sophisticated and complicated package designs according to the specific requirements of their customers.
Online Sales Surge Fuels Korea's Molded Fiber Boom: The growing adoption of protective packaging solutions, driven by the rise of eCommerce and home delivery services, has significantly boosted the molded fiber pulp packaging business in Korea. Over the upcoming years, sales through online retail channels are projected to double, leading to a higher utilization of molded fiber pulp packaging in Korea.
Korea's Enthusiasm for Eco-trays Soars to New Heights: The popularity of molded fiber pulp trays among Koreans is on the rise, reflecting their increasing enthusiasm for an environmentally friendly lifestyle. Molded fiber pulp trays have gained a strong foothold in Korea, especially when compared to other product types, as they utilize around 25% less raw material.
According to estimates, the demand for transfer molded pulp is higher in Korea, poised to account for about 52.6% of the total revenue generated in 2023.
| Molded Fiber Pulp Packaging in Korea based on Molded Pulp Type | Transfer Molded |
|---|---|
| Total Share (2023) | 53.2% |
The wall thickness of transfer molded fiber pulp products can range from 3 to 5 mm, providing flexibility for both producers and end-users to decide. This thickness offers a high level of protection for packaged goods, including excellent shock-absorption capabilities.
These qualities ensure that delicate or fragile items remain intact during transit. Such reliability in safeguarding products is particularly crucial for industries like electronics, where protecting the integrity of components is paramount.
Especially during the pandemic years, the food and beverage sectors escalated the demand for molded fiber pulp packaging solutions to adhere to standard protocols in Korea. In 2023, the food and beverage sector's overall share in the demand for molded fiber pulp packaging in Korea could be around 44.9%.
| Molded Fiber Pulp Packaging in Korea based on End Use | Food & Beverages |
|---|---|
| Total Share (2023) | 44.9% |
Packaging made of molded fiber pulp has superior protective qualities, which makes it perfect for food and beverage items. It offers a safe, padded atmosphere that protects goods from harm while being transported and stored.
Ensuring that perishable commodities reach customers in optimal condition is particularly important. On top of that, the beverage industries in Korea are choosing molded fiber pulp packaging more because its advantage of complete protection for glass bottles.
The molded fiber packaging sector in Korea is relatively consolidated, with only a few service providers catering to the demand in the country. To stay competitive in Korea, manufacturers of molded fiber pulp packaging are incorporating the latest innovations, such as automation and robots, into their production facilities.
Currently, eco-friendly packaging options are gaining more attention worldwide, which has led to a transformation of the entire industry in Korea. As a result, manufacturers of molded fiber pulp packaging in Korea are increasingly focusing on using biodegradable materials, including bamboo, sugarcane bagasse, and cornstarch.
Recent Developments in Molded Fiber Pulp Packaging in Korea
With the aim of providing food service packaging solutions and egg packaging solutions, Huhtamaki Oyj inaugurated its fiber packaging plant in October 2019. Since then, the firm has been making substantial investments in the development and introduction of new product lines of molded fiber pulp packaging to drive commercial growth.
As part of its broader commitment to advancing molded fiber solutions, Huhtamaki began expanding its manufacturing capacity in North American countries in June 2022.
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 499.7 million |
| Projected Industry Size by 2033 | USD 902.4 million |
| Anticipated CAGR between 2023 to 2033 | 6.1% CAGR |
| Historical Analysis of Demand for Molded Fiber Pulp Packaging in Korea | 2018 to 2022 |
| Demand Forecast for Molded Fiber Pulp Packaging in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Molded Fiber Pulp Packaging in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Korea Providers |
| Key Cities Analyzed | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | SOUL Paper Industrial Co. (SOUL Denta Paper Industry); Moorim; H&H Packaging; Woojin Paper; Samhwa Paper |
The anticipated CAGR for molded fiber pulp packaging in Korea through 2033 is 6.1%.
Demand for molded fiber pulp packaging in Korea is estimated to reach USD 902.4 million by 2033.
Molded fiber pulp packaging manufacturers in Korea are targeting small and medium enterprises to boost sales.
The transfer molded segment currently holds the lead in Korea with a 53.2% revenue share in 2023.
The food and beverage industry currently accounts for 44.9% of the total demand in Korea.
Table 1: Industry Analysis and Outlook Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Industry Analysis and Outlook Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Industry Analysis and Outlook Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 4: Industry Analysis and Outlook Volume (Units) Forecast by Product Type, 2018 to 2033
Table 5: Industry Analysis and Outlook Value (US$ Million) Forecast by Molded Pulp Type, 2018 to 2033
Table 6: Industry Analysis and Outlook Volume (Units) Forecast by Molded Pulp Type, 2018 to 2033
Table 7: Industry Analysis and Outlook Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 8: Industry Analysis and Outlook Volume (Units) Forecast by End Use, 2018 to 2033
Table 9: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 10: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Product Type, 2018 to 2033
Table 11: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Molded Pulp Type, 2018 to 2033
Table 12: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Molded Pulp Type, 2018 to 2033
Table 13: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 14: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by End Use, 2018 to 2033
Table 15: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 16: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Product Type, 2018 to 2033
Table 17: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Molded Pulp Type, 2018 to 2033
Table 18: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Molded Pulp Type, 2018 to 2033
Table 19: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 20: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by End Use, 2018 to 2033
Table 21: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 22: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Product Type, 2018 to 2033
Table 23: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Molded Pulp Type, 2018 to 2033
Table 24: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Molded Pulp Type, 2018 to 2033
Table 25: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 26: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by End Use, 2018 to 2033
Table 27: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 28: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Product Type, 2018 to 2033
Table 29: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Molded Pulp Type, 2018 to 2033
Table 30: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Molded Pulp Type, 2018 to 2033
Table 31: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 32: Jeju Industry Analysis and Outlook Volume (Units) Forecast by End Use, 2018 to 2033
Table 33: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 34: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Product Type, 2018 to 2033
Table 35: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Molded Pulp Type, 2018 to 2033
Table 36: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Molded Pulp Type, 2018 to 2033
Table 37: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 38: Rest of Industry Analysis and Outlook Volume (Units) Forecast by End Use, 2018 to 2033
Figure 1: Industry Analysis and Outlook Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Industry Analysis and Outlook Value (US$ Million) by Molded Pulp Type, 2023 to 2033
Figure 3: Industry Analysis and Outlook Value (US$ Million) by End Use, 2023 to 2033
Figure 4: Industry Analysis and Outlook Value (US$ Million) by Region, 2023 to 2033
Figure 5: Industry Analysis and Outlook Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Industry Analysis and Outlook Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Industry Analysis and Outlook Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 10: Industry Analysis and Outlook Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 11: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 12: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 13: Industry Analysis and Outlook Value (US$ Million) Analysis by Molded Pulp Type, 2018 to 2033
Figure 14: Industry Analysis and Outlook Volume (Units) Analysis by Molded Pulp Type, 2018 to 2033
Figure 15: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Molded Pulp Type, 2023 to 2033
Figure 16: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Molded Pulp Type, 2023 to 2033
Figure 17: Industry Analysis and Outlook Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 18: Industry Analysis and Outlook Volume (Units) Analysis by End Use, 2018 to 2033
Figure 19: Industry Analysis and Outlook Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 20: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 21: Industry Analysis and Outlook Attractiveness by Product Type, 2023 to 2033
Figure 22: Industry Analysis and Outlook Attractiveness by Molded Pulp Type, 2023 to 2033
Figure 23: Industry Analysis and Outlook Attractiveness by End Use, 2023 to 2033
Figure 24: Industry Analysis and Outlook Attractiveness by Region, 2023 to 2033
Figure 25: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Product Type, 2023 to 2033
Figure 26: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Molded Pulp Type, 2023 to 2033
Figure 27: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by End Use, 2023 to 2033
Figure 28: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 29: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 30: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 31: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 32: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Molded Pulp Type, 2018 to 2033
Figure 33: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Molded Pulp Type, 2018 to 2033
Figure 34: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Molded Pulp Type, 2023 to 2033
Figure 35: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Molded Pulp Type, 2023 to 2033
Figure 36: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 37: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by End Use, 2018 to 2033
Figure 38: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 39: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 40: South Gyeongsang Industry Analysis and Outlook Attractiveness by Product Type, 2023 to 2033
Figure 41: South Gyeongsang Industry Analysis and Outlook Attractiveness by Molded Pulp Type, 2023 to 2033
Figure 42: South Gyeongsang Industry Analysis and Outlook Attractiveness by End Use, 2023 to 2033
Figure 43: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Product Type, 2023 to 2033
Figure 44: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Molded Pulp Type, 2023 to 2033
Figure 45: North Jeolla Industry Analysis and Outlook Value (US$ Million) by End Use, 2023 to 2033
Figure 46: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 47: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 48: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 49: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 50: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Molded Pulp Type, 2018 to 2033
Figure 51: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Molded Pulp Type, 2018 to 2033
Figure 52: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Molded Pulp Type, 2023 to 2033
Figure 53: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Molded Pulp Type, 2023 to 2033
Figure 54: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 55: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by End Use, 2018 to 2033
Figure 56: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 57: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 58: North Jeolla Industry Analysis and Outlook Attractiveness by Product Type, 2023 to 2033
Figure 59: North Jeolla Industry Analysis and Outlook Attractiveness by Molded Pulp Type, 2023 to 2033
Figure 60: North Jeolla Industry Analysis and Outlook Attractiveness by End Use, 2023 to 2033
Figure 61: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Product Type, 2023 to 2033
Figure 62: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Molded Pulp Type, 2023 to 2033
Figure 63: South Jeolla Industry Analysis and Outlook Value (US$ Million) by End Use, 2023 to 2033
Figure 64: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 65: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 66: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 67: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 68: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Molded Pulp Type, 2018 to 2033
Figure 69: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Molded Pulp Type, 2018 to 2033
Figure 70: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Molded Pulp Type, 2023 to 2033
Figure 71: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Molded Pulp Type, 2023 to 2033
Figure 72: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 73: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by End Use, 2018 to 2033
Figure 74: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 75: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 76: South Jeolla Industry Analysis and Outlook Attractiveness by Product Type, 2023 to 2033
Figure 77: South Jeolla Industry Analysis and Outlook Attractiveness by Molded Pulp Type, 2023 to 2033
Figure 78: South Jeolla Industry Analysis and Outlook Attractiveness by End Use, 2023 to 2033
Figure 79: Jeju Industry Analysis and Outlook Value (US$ Million) by Product Type, 2023 to 2033
Figure 80: Jeju Industry Analysis and Outlook Value (US$ Million) by Molded Pulp Type, 2023 to 2033
Figure 81: Jeju Industry Analysis and Outlook Value (US$ Million) by End Use, 2023 to 2033
Figure 82: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 83: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 84: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 85: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 86: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Molded Pulp Type, 2018 to 2033
Figure 87: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Molded Pulp Type, 2018 to 2033
Figure 88: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Molded Pulp Type, 2023 to 2033
Figure 89: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Molded Pulp Type, 2023 to 2033
Figure 90: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 91: Jeju Industry Analysis and Outlook Volume (Units) Analysis by End Use, 2018 to 2033
Figure 92: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 93: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 94: Jeju Industry Analysis and Outlook Attractiveness by Product Type, 2023 to 2033
Figure 95: Jeju Industry Analysis and Outlook Attractiveness by Molded Pulp Type, 2023 to 2033
Figure 96: Jeju Industry Analysis and Outlook Attractiveness by End Use, 2023 to 2033
Figure 97: Rest of Industry Analysis and Outlook Value (US$ Million) by Product Type, 2023 to 2033
Figure 98: Rest of Industry Analysis and Outlook Value (US$ Million) by Molded Pulp Type, 2023 to 2033
Figure 99: Rest of Industry Analysis and Outlook Value (US$ Million) by End Use, 2023 to 2033
Figure 100: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 101: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 102: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 103: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 104: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Molded Pulp Type, 2018 to 2033
Figure 105: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Molded Pulp Type, 2018 to 2033
Figure 106: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Molded Pulp Type, 2023 to 2033
Figure 107: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Molded Pulp Type, 2023 to 2033
Figure 108: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 109: Rest of Industry Analysis and Outlook Volume (Units) Analysis by End Use, 2018 to 2033
Figure 110: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 111: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 112: Rest of Industry Analysis and Outlook Attractiveness by Product Type, 2023 to 2033
Figure 113: Rest of Industry Analysis and Outlook Attractiveness by Molded Pulp Type, 2023 to 2033
Figure 114: Rest of Industry Analysis and Outlook Attractiveness by End Use, 2023 to 2033
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