Based on recent data, the value added in packaging paper in South Korea stood at 1.031 trillion South Korean Wons in 2023. Forecasts predict a steady year-on-year increase in value added, growing from 1.047 trillion SKW in 2024 to 1.1002 trillion SKW by 2028. This implies an average annual growth rate (CAGR) of approximately 1.34% over the five-year period from 2024 to 2028. The year-on-year variations are consistent, revealing a stable upward trend in the packaging paper industry.

Future trends to watch for:

Continued demand for sustainable packaging solutions will likely influence market dynamics.
Technological advancements in packaging materials and processes may further enhance value addition.
Global economic conditions and trade policies could impact the market, prompting shifts in both domestic and export-oriented production.