South Korea Corrugated Board Market Size & Outlook
South Korea corrugated board market, 2018-2030 (US$M)
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South Korea corrugated board market highlights
- The South Korea corrugated board market generated a revenue of USD 4,619.3 million in 2022 and is expected to reach USD 8,224.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
- In terms of segment, c flute was the largest revenue generating flute type in 2022.
- A Flute is the most lucrative flute type segment registering the fastest growth during the forecast period.
Corrugated board market data book summary
| Market revenue in 2022 | USD 4,619.3 million |
| Market revenue in 2030 | USD 8,224.5 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | C flute |
| Fastest growing segment | A Flute |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | A Flute, B Flute, C Flute, E Flute, F Flute |
| Key market players worldwide | International Paper Co, Georgia-Pacific, WestRock Co, Packaging Corp of America, Stora Enso Oyj Ordinary Shares - Class R, Oji Holdings Corp, Smurfit Kappa Group PLC, Mondi PLC, DS Smith PLC |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.4% of the global corrugated board market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China corrugated board market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,216.0 million by 2030.
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Corrugated Board Market Scope
Corrugated Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea corrugated board market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to corrugated board market will help companies and investors design strategic landscapes.
C flute was the largest segment with a revenue share of 28.54% in 2022. Horizon Databook has segmented the South Korea corrugated board market based on a flute, b flute, c flute, e flute, f flute covering the revenue growth of each sub-segment from 2018 to 2030.
The rise of Korean beauty culture in domestic as well as foreign markets, cosmetic products from South Korea are in high demand globally, which is expected to support the demand for corrugated packaging for beauty & cosmetics products across the country over the forecast period.
As per the data released by Korea Cosmetic Association, Korea ranked 4th among the largest exporters of cosmetics across the world in 2018. Cosmetics require sturdy and shock-absorbing mediums in packaging, wherein corrugated boxes provide effective solutions thereby would expand its consumption.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea corrugated board market , including forecasts for subscribers. This country databook contains high-level insights into South Korea corrugated board market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea corrugated board market size, by flute type, 2018-2030 (US$M)
South Korea Corrugated Board Market Outlook Share, 2022 & 2030 (US$M)
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