Bioplastics in South Korea
Summary
Bioplastics in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Bioplastics are a type of plastic material that is derived from renewable sources such as plants, agricultural by-products, and microorganisms. These materials are used as alternatives to traditional plastics, which are made from fossil fuels. Bioplastics are manufactured using biological materials and processes, making them more sustainable and environmentally friendly.
- The South Korean bioplastics market recorded total revenues of $129.4 million in 2023, representing a compound annual growth rate (CAGR) of 9.4% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 9.9% between 2018 and 2023, reaching 70.2 thousand tonnes in 2023.
- The South Korean bioplastic market accounted for 3.1% of the Asia-Pacific bioplastic market in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in South Korea
- Leading company profiles reveal details of key bioplastics market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea bioplastics market with five year forecasts
- What was the size of the South Korea bioplastics market by value in 2023?
- What will be the size of the South Korea bioplastics market in 2028?
- What factors are affecting the strength of competition in the South Korea bioplastics market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's bioplastics market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the key strengths of the leading players?
- 7.3. What strategies do the leading players follow?
- 7.4. What are the government initiatives in this market in 2023?
- 8 Company Profiles
- 8.1. BASF SE
- 8.2. Corbion N.V.
- 8.3. Eastman Chemical Company
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: South Korea bioplastics market value: $ million, 2018-23
- Table 2: South Korea bioplastics market volume: thousand tonnes, 2018-23
- Table 3: South Korea bioplastics market category segmentation: % share, by value, 2018-2023
- Table 4: South Korea bioplastics market category segmentation: $ million, 2018-2023
- Table 5: South Korea bioplastics market geography segmentation: $ million, 2023
- Table 6: South Korea bioplastics market value forecast: $ million, 2023-28
- Table 7: South Korea bioplastics market volume forecast: thousand tonnes, 2023-28
- Table 8: BASF SE: key facts
- Table 9: BASF SE: annual financial ratios
- Table 10: BASF SE: key employees
- Table 11: BASF SE: key employees Continued
- Table 12: Corbion N.V.: key facts
- Table 13: Corbion N.V.: annual financial ratios
- Table 14: Corbion N.V.: key employees
- Table 15: Eastman Chemical Company: key facts
- Table 16: Eastman Chemical Company: annual financial ratios
- Table 17: Eastman Chemical Company: key employees
- Table 18: South Korea size of population (million), 2019-23
- Table 19: South Korea gdp (constant 2005 prices, $ billion), 2019-23
- Table 20: South Korea gdp (current prices, $ billion), 2019-23
- Table 21: South Korea inflation, 2019-23
- Table 22: South Korea consumer price index (absolute), 2019-23
- Table 23: South Korea exchange rate, 2019-23
- List of Figures
- Figure 1: South Korea bioplastics market value: $ million, 2018-23
- Figure 2: South Korea bioplastics market volume: thousand tonnes, 2018-23
- Figure 3: South Korea bioplastics market category segmentation: $ million, 2018-2023
- Figure 4: South Korea bioplastics market geography segmentation: % share, by value, 2023
- Figure 5: South Korea bioplastics market value forecast: $ million, 2023-28
- Figure 6: South Korea bioplastics market volume forecast: thousand tonnes, 2023-28
- Figure 7: Forces driving competition in the bioplastics market in South Korea, 2023
- Figure 8: Drivers of buyer power in the bioplastics market in South Korea, 2023
- Figure 9: Drivers of supplier power in the bioplastics market in South Korea, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the bioplastics market in South Korea, 2023
- Figure 11: Factors influencing the threat of substitutes in the bioplastics market in South Korea, 2023
- Figure 12: Drivers of degree of rivalry in the bioplastics market in South Korea, 2023
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