Market Forecast By Product (Crushed Glass, Cullets, Glass Powder), By Application (Glass Bottle & Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers, Others) And Competitive Landscape
Product Code: ETC355703 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The South Korea Recycled Glass Market is projected to witness mixed growth rate patterns during 2025 to 2029. Commencing at 4.90% in 2025, growth builds up to 5.82% by 2029.
Report Name | South Korea Recycled Glass Market |
Forecast period | 2025-2031 |
CAGR | 7% |
Growing Sector | Construction |
The South Korea Recycled Glass Market report thoroughly covers the market by Application and Product. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The South Korean recycled glass market is expected to grow at a steady pace due to government initiatives and increasing awareness of environmental sustainability. The main driver for this growth is the implementation of strict regulations and policies, while a major challenge is the limited availability of advanced recycling technologies.
According to 6Wresearch, the South Korea Recycled Glass Market size is expected to grow at a significant CAGR of 7% from 2025-2031. One of the major drivers for the growth of the recycled glass market in South Korea is the increasing awareness about environmental sustainability and waste management. The government has implemented policies and regulations to encourage recycling and minimize landfills, which has led to a rise in demand for recycled glass as an alternative to raw materials. Moreover, the construction industry in South Korea is also driving the demand for recycled glass.
With a focus on sustainable building practices, there is a growing trend towards using recycled materials in construction projects. Recycled glass is used as aggregate in concrete or as a decorative element in tiles and countertops, making it an attractive option for builders. However, despite these positive factors, some challenges need to be addressed for the further growth of the recycled glass market in South Korea. One of the main challenges is the lack of infrastructure and technology for efficient collection, sorting, and processing of glass waste. Additionally, there is still a lack of consumer awareness about the benefits of using recycled glass products, which hinders the demand for recycled glass products.
The recycled glass market in South Korea is highly competitive, with many players holding a significant share of the market. Some of the key players in the market include Samsung C&T Corporation, KCC Corporation, LG Hausys Ltd., Hanwha Solutions Corporation, and Kolon Industries Inc. These are some of the major companies that dominate the recycled glass market in South Korea, with Samsung C&T Corporation being the largest player in terms of market share. These companies have been actively investing in research and development to improve their production processes and develop new products.
The government has taken various initiatives to promote and boost the recycled glass market in the country. One such initiative is the Green Growth Strategy launched by the South Korean government in 2008. This strategy aims to promote sustainable development and reduce greenhouse gas emissions by encouraging industries to adopt eco-friendly practices, including using recycled materials. In 2012, the South Korean government implemented a mandatory recycling policy for all businesses that produce more than 100kg of waste per day. Another significant step taken by the government was the establishment of the Resource Circulation Industry Division in 2015. This division is responsible for promoting and supporting the recycling industry, including recycled glass production. Additionally, the government has also provided financial support and incentives for businesses to invest in recycling facilities and technologies.
The South Korean recycled glass market is expected to witness significant growth in the coming years. This can be attributed to the increasing focus on sustainable solutions by both businesses and consumers, as well as growing government support for recycling initiatives. The demand for recycled glass is expected to rise due to its cost-effectiveness, energy efficiency, and eco-friendliness compared to traditional glass production. Moreover, the growing construction and packaging industries in South Korea are expected to drive the demand for recycled glass in the future.
According to Ravi Bhandari, Research Head, 6Wresearch, the crushed glass segment is currently experiencing significant growth in the South Korea recycled glass market. This can be attributed to the increasing demand for crushed glass in various industries such as construction and abrasives.
Based on the Application, the glass bottle & containers segment is projected to grow at a steady pace owing to the rising awareness about sustainable packaging solutions.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Recycled Glass Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Recycled Glass Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Recycled Glass Market - Industry Life Cycle |
3.4 South Korea Recycled Glass Market - Porter's Five Forces |
3.5 South Korea Recycled Glass Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 South Korea Recycled Glass Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 South Korea Recycled Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Recycled Glass Market Trends |
6 South Korea Recycled Glass Market Segmentations |
6.1 South Korea Recycled Glass Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 South Korea Recycled Glass Market Revenues & Volume, By Crushed Glass, 2021-2031F |
6.1.3 South Korea Recycled Glass Market Revenues & Volume, By Cullets, 2021-2031F |
6.1.4 South Korea Recycled Glass Market Revenues & Volume, By Glass Powder, 2021-2031F |
6.2 South Korea Recycled Glass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 South Korea Recycled Glass Market Revenues & Volume, By Glass Bottle & Containers, 2021-2031F |
6.2.3 South Korea Recycled Glass Market Revenues & Volume, By Flat Glass, 2021-2031F |
6.2.4 South Korea Recycled Glass Market Revenues & Volume, By Fiber Glass, 2021-2031F |
6.2.5 South Korea Recycled Glass Market Revenues & Volume, By Highway Beads, 2021-2031F |
6.2.6 South Korea Recycled Glass Market Revenues & Volume, By Abrasives, 2021-2031F |
6.2.7 South Korea Recycled Glass Market Revenues & Volume, By Fillers, 2021-2031F |
7 South Korea Recycled Glass Market Import-Export Trade Statistics |
7.1 South Korea Recycled Glass Market Export to Major Countries |
7.2 South Korea Recycled Glass Market Imports from Major Countries |
8 South Korea Recycled Glass Market Key Performance Indicators |
9 South Korea Recycled Glass Market - Opportunity Assessment |
9.1 South Korea Recycled Glass Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 South Korea Recycled Glass Market Opportunity Assessment, By Application, 2021 & 2031F |
10 South Korea Recycled Glass Market - Competitive Landscape |
10.1 South Korea Recycled Glass Market Revenue Share, By Companies, 2024 |
10.2 South Korea Recycled Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |