openPR Logo
Press release

How big is the South Korea recycled plastics market?

05-17-2023 10:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

South Korea Recycled Plastics Market Report

South Korea Recycled Plastics Market Report

IMARC Group, a leading market research company, has recently released a report titled "South Korea Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027." The study provides a detailed analysis of the industry, including the South Korea recycled plastics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the South Korea recycled plastics market?

The South Korea recycled plastics market size reached 10.3 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 16.2 Million Tons by 2027, exhibiting a growth rate (CAGR) of 7.9% during 2022-2027.

Market Outlook:

Plastic recycling refers to the process of reprocessing and recovering post-industrial plastic into valuable products. Some of the common types include high-density polyethylene (HDPE), polypropylene (PP), polyethylene terephthalate (PET), and low-density polyethylene (LDPE). The recycling is typically done using the heat compression method or the monomer process that reverses the polymerization reaction in order to reclaim the same type of condensed polymer.

The collected waste goes through washing, shredding, sorting, identification and classification, and extruding. Plastic recycling assists in manufacturing biodegradable products, reducing landfill dependence, minimizing pollution, conserving resources, and preventing greenhouse gas emissions. As a result, this procedure finds widespread applications in food contact packaging and construction and automotive sectors.

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/south-korea-recycled-plastics-market/requestsample

Market Trends and Growth Drivers: 

The rising industrialization levels and shifting focus toward sustainability, along with lower labor costs, are among the primary factors driving the South Korea recycled plastics market. In line with this, the increasing awareness toward the harmful effects of malleable waste and the growing environmental concerns are further augmenting the market growth.

Moreover, the escalating demand for recycled plastic among the food and beverage (F&B), electronics, automotive, and packaging industries is also catalyzing the market across South Korea. Apart from this, the development of plastic recycling plants to process malleable waste into new materials and effectively control garbage production is acting as another significant growth-inducing factor.

Furthermore, various technological innovations, such as the utilization of artificial intelligence (AI) for sorting moldable debris and enhancing the quality of recycled products, are expected to bolster the South Korea recycled plastics market in the coming years.

South Korea Recycled Plastics Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the South Korea recycled plastics market has been studied in the report with the detailed profiles of the key players operating in the market.

South Korea Recycled Plastics Market Segmentation:

The report has segmented the South Korea recycled plastics market based on plastic type, raw material, application and region.

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

Regional Analysis:

• East
• West
• Southwest
• Southeast

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=4223&flag=C

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

Read Newsletter: https://www.linkedin.com/newsletters/industry-news-about-6929400456628637696

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release How big is the South Korea recycled plastics market? here

News-ID: 3056544 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for South

South Florida's Continuum South Beach Emerges as One of the Most Coveted Propert …
The Continuum South Beach reigns supreme as a highly coveted condominium in South Florida, presenting an array of offerings that ensure an elevated quality of life. Miami beach, FL - Continuum South Beach [https://www.continuuminsouthbeach.com/] presents a sanctuary of lavishness, featuring opulent apartments and a breathtaking riverfront location in close proximity to the finest attractions of Miami Beach. These extraordinary residences are discreetly nestled within this prestigious condominium, specifically within the Continuum
Green Cool UK Expand Air Conditioning Services in South Wales and the South West
Cardiff, South Wales - Green Cool UK, the UK's leading air conditioning and refrigeration company, are pleased to announce the extension of their services in South Wales, including Cardiff, Swansea, Newport and into Bristol and the South West. With over 18 years experience in the HVAC industry Green Cool UK supply high performance air conditioning systems and green energy solutions for domestic and commercial customers. As air conditioning and refrigeration experts
2024 South Africa International Industrial Exhibition and China (South Africa) I …
Exhibition time: September 19-21, 2024 Exhibition location: Sandton Convention Centre, Johannesburg Organizer: South Africa Golden Bridge International Exhibition Company Exhibition introduction The South African International Industrial Exhibition [https://www.vovt-diesel.com/] and China (South Africa) International Trade Fair is a large-scale international exhibition held to promote Chinese enterprises to explore the African market. Relying on the advantageous resources of the local government, business associations and industry organizations in South Africa, it builds a pragmatic and efficient platform
Stem Cell Therapy Market | Smith+Nephew (UK), MEDIPOST Co., Ltd. (South Korea), …
Stem Cell Therapy Market in terms of revenue was estimated to be worth $286 million in 2023 and is poised to reach $615 million by 2028, growing at a CAGR of 16.5% from 2023 to 2028 according to a new report by MarketsandMarkets. The global stem cell therapy market is expected to grow at a CAGR of 16.8% during the forecast period. The major factors driving the growth of the
Global Pajamas Market Report - Japan, Europe, South Korea, Asia and America ( No …
Recently we published the latest report on the Pajamas market. The report on the Pajamas market provides a holistic analysis, of market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 15 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The Pajamas market analysis includes product segment and geographic landscape. The
South Africa Agriculture Market, South Africa Agriculture Industry, South Africa …
The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of