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South Korea Recycled PET Flakes Market Size, Share, Trends, Industry Analysis Report By Product (Clear, Colored), By End Use (Fiber, Sheet & Film, Strapping) – Market Forecast, 2025–2034

Publisher Polaris Market Research & Consulting LLP
Published Aug 01, 2025
Length 129 Pages
SKU # PLRS20381476

Description

The recycled PET flakes market size is expected to reach USD 960.52 million by 2034, according to a new study by Polaris Market Research. The report “South Korea Recycled PET Flakes Market Size, Share, Trends, Industry Analysis Report By Product (Clear, Colored), By End Use (Fiber, Sheet & Film, Strapping) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Recycled PET flakes are small, cleaned, and processed pieces of recycled polyethylene terephthalate (PET) plastic, typically sourced from used bottles and containers. rPET flakes are used as raw material to produce various new products such as packaging, textiles, and industrial components, supporting circular economy practices.

The South Korean government and private sector are actively promoting circular economy initiatives to reduce plastic waste. National strategies focus on redesigning products, improving recycling rates, and encouraging the reuse of materials such as rPET flakes. Corporations participate by setting ambitious sustainability targets, including increasing recycled content in products and packaging. Collaboration between government, industry, and research institutions supports innovation and infrastructure development. These combined efforts create a favorable environment for the recycled PET flakes market growth and contribute to South Korea’s environmental goals.

The packaging and beverage sectors in South Korea are major consumers of rPET flakes. Large beverage companies such as Lotte and Coca-Cola Korea have committed to increasing recycled content in their plastic bottles to meet sustainability goals. Supermarkets and food producers further prefer eco-friendly packaging to appeal to green-conscious consumers. This demand incentivizes manufacturers to adopt rPET flakes to produce high-quality, food-safe packaging materials. The South Korea rPET flakes market expands as these industries grow and prioritize sustainability.

South Korea Recycled PET Flakes Market Report Highlights

The clear segment accounted for 76.81% market share in 2024 due to the rising demand for clear recycled PET flakes, especially for food-grade and beverage packaging applications

The fiber segment accounted for 13.82% regional market share in 2024, driven by the country’s large textile and fashion industries.

A few key market players are GM Co., Ltd; Indorama Ventures; LOTTE Chemical; Samyang Packaging (Samyang Eco Tech); Universal Polychem; Veolia Korea; and Zhejiang Haili Environmental Technology Co., Ltd.

Polaris Market Research has segmented the market report based on product and end use:

By Product (Revenue – USD Million, 2020–2034)

Clear

Colored

By End Use (Revenue – USD Million, 2020–2034)

Fiber

Sheet & Film

Strapping

Food & Beverage Bottles & Containers

Non-food Bottles & Containers

Other

Table of Contents

129 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. South Korea Recycled PET Flakes Market Insights
4.1. Recycled PET Flakes Market – Market Snapshot
4.2. Recycled PET Flakes Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Government Policies Promoting Plastic Recycling
4.2.1.2. Strong Recycling Infrastructure and Collection Systems
4.2.2. Restraints and Challenges
4.2.2.1. High Initial Investment
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Recycled PET Flakes Market End Use Trends
4.6. Value Chain Analysis
5. South Korea Recycled PET Flakes Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. South Korea Recycled PET Flakes Market, by Product, 2020-2034 (USD Million)
5.3. Clear
5.3.1. South Korea Recycled PET Flakes Market, by Clear, 2020-2034 (USD Million)
5.4. Coloured
5.4.1. South Korea Recycled PET Flakes Market, by Coloured, 2020-2034 (USD Million)
6. South Korea Recycled PET Flakes Market, by End Use
6.1. Key Findings
6.2. Introduction
6.2.1. South Korea Recycled PET Flakes Market, by End Use, 2020-2034 (USD Million)
6.3. Fiber
6.3.1. South Korea Recycled PET Flakes Market, by Fiber 2020-2034 (USD Million)
6.4. Sheet & Film
6.4.1. South Korea Recycled PET Flakes Market, by Sheet & Film, 2020-2034 (USD Million)
6.5. Strapping
6.5.1. South Korea Recycled PET Flakes Market, by Strapping, 2020-2034 (USD Million)
6.6. Food & beverage bottles & containers
6.6.1. South Korea Recycled PET Flakes Market, by Food & beverage bottles & containers, 2020-2034 (USD Million)
6.7. Non-food bottles & containers
6.7.1. South Korea Recycled PET Flakes Market, by Non-food bottles & containers, 2020-2034 (USD Million)
6.8. Other
6.8.1. South Korea Recycled PET Flakes Market, by Other, 2020-2034 (USD Million)
7. Competitive Landscape
7.1. Expansion and Acquisition Analysis
7.1.1. Expansion
7.1.2. Acquisitions
7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
8.1. GM Co., Ltd
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Recent Development
8.2. Indorama Ventures
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Recent Development
8.3. LOTTE Chemical
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Recent Development
8.4. Samyang Packaging (Samyang Eco Tech)
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Recent Development
8.5. Universal Polychem
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Recent Development
8.6. Veolia Korea
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Recent Development
8.7. Zhejiang Haili Environmental Technology Co., Ltd
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Recent Development

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