South Korea Paper and Packaging Tenders

South Korea boasts a thriving paper and packaging market worth USD 35.4 billion (2023), with corrugated boxes dominating at 48% share.
The strong e-commerce and electronics sectors drive demand for protective packaging solutions, including corrugated boxes and specialized cushioning materials.
Growing environmental awareness promotes sustainable packaging materials like paper and paperboard, contributing to market growth.

Government Procurement in the Sector
The South Korean government actively participates in the paper and packaging market through procurement, spending USD 1.7 billion in 2023.
Key categories include corrugated boxes, office paper, packaging for public services (e.g., food safety, postal services), and medical packaging.

Main Products and Services Procured
Corrugated boxes: Essential for transporting and protecting goods across various industries, including electronics and consumer goods.
Office paper: Used for administrative functions and document printing in government offices.
Packaging for public services: Ensures efficient delivery and hygiene in food safety, postal services, and other public initiatives.
Medical packaging: Used for sterile and secure transport of medication and medical supplies.

Top Authorities for Procurement
Public Procurement Service (PPS): Centralized platform for government procurement activities in South Korea.
Ministry of Economy and Finance: Responsible for overall procurement policies and budget allocation.
Government agencies: Each agency handles procurement specific to their needs, such as the Ministry of Health and Welfare for medical packaging.

Top Winners of Procurement
Hanwha Packaging: Leading supplier of corrugated boxes and eco-friendly packaging solutions in South Korea, awarded contracts worth USD 700 million in 2023.
PaperOne: Major provider of office paper and printing supplies, securing contracts for USD 350 million in 2023.
International players: Companies like Smurfit Kappa and Mondi Group are also present, supplying specialized packaging solutions like anti-counterfeiting packaging for government documents and products.

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