South Korea Bio-based PET Bottle Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 11.8% from 2024 to 2030.
South Korea's Bio-based PET Bottle Market: Applications and Industry Requirements
South Korea is rapidly advancing in the Bio-based PET Bottle Market, driven by the government's ambitious sustainability goals. The nation aims to halve plastic waste production and increase recycling rates from 34% to 70% by 2030. A significant milestone was achieved in January 2023 when the Ministry of Food and Drug Safety (MFDS) approved the use of recycled PET for manufacturing new food and beverage containers. This approval is limited to PET that has undergone a physical recycling process, ensuring safety and promoting a circular economy.
In 2024, South Korea's biopolymers market was valued at USD 291.0 million and is projected to reach USD 709.7 million by 2030, growing at a compound annual growth rate (CAGR) of 16%. Within this market, polysaccharides emerged as the largest revenue-generating product, while Polylactic Acid (PLA) is anticipated to be the fastest-growing segment. This growth reflects the increasing demand for sustainable packaging solutions across various industries.
The food and beverage sector is at the forefront of adopting bio-based PET bottles. Companies are aligning with global trends, as seen with major international brands like Coca-Cola, Pepsi, and Nestlé, which are expanding their use of recycled materials in packaging. This shift is in response to policies in regions such as the European Union and the United States, where targets have been set to incorporate a minimum percentage of recycled content in beverage bottles by 2025 and 2030.
South Korean industries are required to adhere to stringent safety standards established by the MFDS to ensure that physically recycled PET materials are suitable for new food containers. These regulations are designed to align with international trends and support the nation's carbon neutrality objectives. The approval process includes rigorous assessment of the recycling methods and the quality of the recycled PET to guarantee consumer safety.
Furthermore, the South Korean government has implemented measures to control the plastic recycling value chain, such as banning hard-to-recycle plastics like colored PET. These initiatives aim to enhance the efficiency of recycling systems and promote the use of recyclable materials in packaging.
As the Bio-based PET Bottle Market in South Korea continues to evolve, industries must stay informed about regulatory developments and invest in sustainable packaging solutions. The emphasis on environmental responsibility and resource circulation presents opportunities for innovation and collaboration among stakeholders to achieve a more sustainable future.
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The Coca-Cola Company
Water To Go
Bottle Promotions
Berry Global
Suntory
Eurobottle
Bottle Up
Raepak
Kaufman Container
VeganBottle
Pretium Packaging
Fortis X
IDEALPAK
Urtekram
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Bio-based PET Bottle Market
Bio-based PET (Polyethylene Terephthalate)
Recycled PET
Other Bio-based Materials
Beverage Packaging
Food Packaging
Personal Care and Cosmetics
Pharmaceuticals Packaging
Other Applications
Food and Beverages
Cosmetics and Personal Care
Pharmaceuticals
Household Products
Others
Fermentation-based Bio-based PET
Bio-based PET from Plant-based Sources
Recycled PET Technology
Single-Use Bottles
Reusable Bottles
Other Bottle Types
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Bio-based PET Bottle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Bio-based PET Bottle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Bio-based PET Bottle Market, By Type
6. South Korea Bio-based PET Bottle Market, By Application
7. South Korea Bio-based PET Bottle Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Bio-based PET Bottle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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