The recycling rate of municipal waste in South Korea has shown fluctuations over the years, peaking at 61.57 in 2018 and subsequently declining to 54 in 2023. This represents a year-on-year decrease of approximately -1.2% in 2022 and a decline of -1.4% in 2023. Over the last five years, the compound annual growth rate (CAGR) has been -0.6%, reflecting a steady decline in recycling rates. Forecasted data from 2024 to 2028 continues this downward trend, with a forecasted 5-year growth rate of -2.97%, indicating prospects for further reductions.
Future trends to watch for include advancements in recycling technology, new government policies promoting waste management, and increased public awareness around environmental sustainability. Additionally, shifts in consumer behavior and global recycling market dynamics could significantly impact future recycling rates.
