Name: South Korea Recycled Plastics Market Report by Plastic Type (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), and Others), Raw Material (Plastic Bottles, Plastic Films, Rigid Plastic and Foam, Fibres, and Others), Application (Non-Food Contact Packaging, Food Contact Packaging, Construction, Automotive, and Others), and Region 2024-2032
Creator: IMARC Group
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Keywords: South Korea Recycled Plastics Market Report

South Korea Recycled Plastics Market Report by Plastic Type (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Polypropylene (PP), Low Density Polyethylene (LDPE), and Others), Raw Material (Plastic Bottles, Plastic Films, Rigid Plastic and Foam, Fibres, and Others), Application (Non-Food Contact Packaging, Food Contact Packaging, Construction, Automotive, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A4223

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Market Overview 2024-2032:

The South Korea recycled plastics market size reached 12.0 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 21.2 Million Tons by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	12.0 Million Tons
Market Forecast in 2032	21.2 Million Tons
Market Growth Rate (2024-2032)	6.4%

Plastic recycling refers to the process of recovering and reprocessing post-industrial plastic into valuable products. Some of the common types of plastics include polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and low-density polyethylene (LDPE). The collected waste goes through sorting, washing, shredding, identification and classification, and extruding. Plastic recycling helps to manufacture biodegradable products, reduce landfill dependence, minimize plastic pollution, conserve resources, and prevent greenhouse gas emissions.

South Korea recycled plastics market is primarily being driven by rapid industrialization and shifting focus towards sustainability. Lower labor costs and rising awareness regarding the harmful effects of plastic waste are further contributing to the market growth in the country. Besides this, the market growth is being fueled by the escalating demand for recycled plastic across the food and beverage (F&B), automotive, electronics, and packaging industries. Moreover, the Government of South Korea is establishing plastic recycling plants to process plastic waste into new materials and effectively control waste production. Apart from this, technological innovations, such as the adoption of artificial intelligence (AI) for sorting plastic waste and enhance the quality of recycled plastic products, are positively influencing the market growth in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the South Korea recycled plastics market report, along with forecasts at the country level from 2024-2032. Our report has categorized the market based on plastic type, raw material, and application.

Breakup by Plastic Type:

Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others

Breakup by Raw Material:

Plastic Bottles
Plastic Films
Rigid Plastic and Foam
Fibres
Others

Breakup by Application:

Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others

Breakup by Region:

East
West
Southwest
Southeast

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million Tons
Segment Coverage	Plastic Type, Raw Material, Application, Region
Region Covered	East, West, Southwest, Southeast
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the South Korea recycled plastics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the South Korea recycled plastics market?
What are the key regional markets?
What is the breakup of the market based on the plastic type?
What is the breakup of the market based on the raw material?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the South Korea recycled plastics market and who are the key players?
What is the degree of competition in the industry?

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