Increased Adoption of Advanced Recycling and Digital Technologies Will Drive a Circular Economy in Plastic Recycling
South Korea has one of the highest per capita plastic packaging consumption rates globally, as well as one of the highest rates of collection and recycling. The country is strongly pushing the circular economy of plastic recycling through new policies and initiatives and is building on country-wide programs, such as waste disposal fees based on volume, a deposit return system for plastic bottles, Extended Producer Responsibility (EPR), and bans on particular single-use plastic items. Stakeholders across the waste management value chain are deploying smart solutions to boost productivity, efficiency, and cost optimization, and to engage waste generators to support a circular economy approach with social responsibility.
Research Scope
The research scope of this market analysis includes key trends shaping the global waste management market and their impact on the South Korean plastic waste management market, the forecast on the South Korean plastic waste generation forecast up to 2026 with key methods of its management, and an overview of recent legislation driving the transition of the plastic waste management market towards greater sustainability and circularity. It provides an analysis of plastic waste treatment and disposal trends by key region. The report also provides information on the value chain of plastic waste and an overview of key market players in the circular economy of plastic recycling in South Korea. The report also includes key growth opportunities dedicated to South Korea's plastic waste management.
Key Issues Addressed
- What is the impact of the top three strategic imperatives on the South Korean plastic waste management market?
- How much plastic waste is generated and collected annually in South Korea, and what are the key technologies and solutions used for its collection and treatment?
- What is the regulatory framework around plastic waste in South Korea?
- What are the incentives and targets for recycling and incinerating plastic waste?
- What are the drivers and restraints impacting the development of South Korea's plastic waste management market?
- Who are the key stakeholders in the South Korean plastic waste value chain?
