South Korea Recycled PET Flakes Market Size Worth USD 960.52 Million by 2034 | CAGR: 8.1%

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.

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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