IMARC Group has recently released a new research study titled “ South Korea Bioplastics Market Size, Share, Trends and Forecast by Product, Application, Distribution Channel, and Region, 2025-2033. ”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Bioplastics Market Overview
The South Korea bioplastics market size reached USD 264.10 Million in 2024 and is projected to reach USD 813.69 Million by 2033, growing at a CAGR of 11.91% during the forecast period of 2025-2033. Market growth is fueled by regulatory frameworks aimed at reducing plastic waste, enforced sustainable material procurement, innovations in material performance, and local production integration, along with strong corporate and consumer sustainability commitments.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Bioplastics Market Key Takeaways
- Current Market Size: USD 264.10 Million (2024)
- CAGR: 11.91% (2025-2033)
- Forecast Period: 2025-2033
- South Korea enforces regulatory mandates such as extended producer responsibility, single-use plastic bags, and eco-labelling that drive bioplastics adoption.
- SK Chemicals is establishing South Korea's first depolymerization-based plastic recycling facility in Ulsan, operational by 2025.
- TotalEnergies Corbion, POSCO International, and ESOL have partnered to enhance PLA recycling infrastructure and technology.
- Local producers are advancing bio-based resins with improved heat resistance and biodegradability.
- The market is supported by vertical integration, process innovation, and feedstock diversification to reduce costs and enhance competitiveness.
Sample Request Link: https://www.imarcgroup.com/south-korea-bioplastics-market/requestsample
