South Korea Paper Plate Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The South Korea paper plate market has seen notable growth in recent years, driven by an increasing demand across various industries such as foodservice, hospitality, and retail. As a part of the broader disposable tableware segment, paper plates have gained significant traction due to their convenience, cost-effectiveness, and eco-friendly appeal. With rising consumer awareness about sustainability, industries are increasingly opting for biodegradable and compostable alternatives, which has further fueled the growth of the market.
One of the key applications of paper plates in South Korea is in the foodservice industry. From fast-food chains to catering services, paper plates are widely used for serving meals quickly and efficiently. The trend of delivery services and takeout food has also played a critical role in increasing the demand for disposable tableware like paper plates. These plates are not only easy to use but also help reduce cleaning time, making them ideal for businesses that prioritize speed and convenience.
Additionally, the hospitality industry in South Korea has been incorporating paper plates into their operations, especially for outdoor events and large gatherings. The ability to provide disposable tableware that is both functional and stylish has made paper plates a popular choice for banquet halls, event organizers, and even food stalls at festivals. Their versatility in terms of size and design makes them suitable for a wide range of occasions, from casual picnics to formal celebrations.
Manufacturers and industries have specific requirements for paper plates, such as durability, size variety, and the ability to withstand different food types, including oily and hot dishes. With the growing shift towards sustainability, eco-conscious industries are increasingly focusing on sourcing paper plates made from recycled materials or those that are easily recyclable. This not only meets regulatory demands but also aligns with the growing consumer preference for environmentally friendly products.
The South Korean paper plate market is set to continue expanding, driven by both the increasing need for convenience and the growing importance of sustainability. Companies are innovating with new materials and designs to cater to a diverse range of needs, ensuring that paper plates remain a staple in both everyday dining and special occasions across the country.
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Hefei Hengxin Life Science & Technology
Xiamen Quanshun Paper&plastics Container
Ningbo Homelink Eco-itech
Auswei Paper
Guangdong Luzhou Eco Technology
Anqing Lush Paper Industry
Huayang Plastic Paper
Zhong You Packaging
Dart Container Corporation
Huhtamaki Oyj
Pactiv LLC
HAHSY Industries
Inc.
Flora
Vovo Inc.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Paper Plate Market
Biodegradable Paper Plates
Plastic-coated Paper Plates
Heavy-duty Paper Plates
Eco-friendly Paper Plates
Small (6-8 inches)
Medium (9-10 inches)
Large (11-12 inches)
Extra Large (13 inches and above)
Casual Events
Parties and Gatherings
Custom Designs
Seasonal Prints
Online Retailers
Supermarkets and Hypermarkets
Specialty Stores
Wholesale Distributors
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Paper Plate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Paper Plate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Paper Plate Market, By Type
6. South Korea Paper Plate Market, By Application
7. South Korea Paper Plate Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Paper Plate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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