The market is dominated by domestic suppliers, as imports account for 13.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 94.8% of total demand in 2022. South Korea has the fourth largest market size for plastic products regionally, with demand reaching USD56.8 billion in 2022. Toray Advanced Materials Korea Inc is the largest company in South Korea, generating 1.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 4.9% of total production value in 2022. The total number of companies decreases in 2022, to 26,906 units. The costs of the industry decrease by 17.1% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 9.1% of production value in 2022, the eighth highest regionally. The industry’s exports share increases in 2022 to 19.0% of total production output. With production value of USD54.4 billion, South Korea accounts for 6.9% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Plastic Products in South Korea: ISIC 252. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Plastic Products in South Korea: ISIC 252 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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