Market Share of South Korea Paper Packaging Industry
The competitiveness of the South Korean paper packaging market is moderately consolidated with the presence of major players like Amcor, Mondi Group, Smurfit Kappa, etc. The market has several firms with significant market shares. The market players are focusing on product innovation to enhance their brand presence through sustainable packaging initiatives.
- June 2022: Mondi created several "fit-for-purpose" packaging options for fresh produce. Fresh fruit may be safely and effectively protected and transported from fields to stores to consumers' homes with the help of Grow&Go packaging materials. The portfolio's stackable products help prevent food waste by shielding fruits and vegetables from blemishes following assembly and filling. Customers receive their products in environmentally friendly packaging that is entirely recyclable and is composed exclusively of paper, starch, and glue.
- January 2022: AmFiber, a new line of paper-based packaging goods, was introduced by Amcor. Amcor seeks to provide various features and functional advantages through the AmFiber platform to satisfy consumers' expanding needs. Amcor's extensive background in paper and carton packaging served as the foundation for the introduction of the AmFiber platform. The platform will also be extended to the Americas, Asia-Pacific, and Europe.
South Korea Paper Packaging Market Leaders
Amcor Plc
Mondi Plc
Smurfit Kappa Group Plc
International Paper Company
Metsa Group
*Disclaimer: Major Players sorted in no particular order
