South Korea Biodegradable Packaging Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
South Korea Biodegradable Packaging Market is Segmented By Material (Paper, Plastic), By Application (Food Packaging, Beverage Packaging, Personal/Homecare Packaging, Other Applications, Pharmaceutical Packaging). The report offers the value (in USD million) for the above-mentioned segments.
South Korea Biodegradable Packaging Market Size
Market Size in USD
CAGR6.5%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 6.5% |
| Market Concentration | Medium |
| Major Players | Amcor, Mondi Plc, Smurfit Kappa, serimbng co.,ltd., ANKOR Bioplastics |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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South Korea Biodegradable Packaging Market Analysis
The South Korea Biodegradable Packaging Market is estimated to be valued at USD 581.0 Mn in 2024 and is expected to reach USD 902.9 Mn by 2031, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
The market for biodegradable packaging in South Korea has been witnessing positive trends driven by increasing customer awareness about environmental protection.