South Korea Plastic Tenders

The South Korean Plastic and Rubber market is a major player in the global market, boasting a production value exceeding $60 billion USD. LG Chem reigns supreme as the top chemical company, with annual sales reaching 18 trillion South Korean Won.

South Korea's government actively procures Plastic and Rubber products and services, driving significant market growth. The government procurement market for these materials is estimated to be worth billions of dollars, offering lucrative opportunities for both domestic and international suppliers.

The South Korean government primarily procures a diverse range of Plastic and Rubber products, including packaging materials, construction materials, medical supplies, and automotive components. Additionally, government agencies often outsource services related to manufacturing, recycling, and waste management within the Plastic and Rubber sector.

Several key authorities oversee the government procurement process for Plastic and Rubber in South Korea. These include the Ministry of Trade, Industry and Energy (MOTIE), the Public Procurement Service (PPS), and the Korea Environment Corporation (KECO).

Leading players in the South Korean Plastic and Rubber market consistently secure government contracts. Notable winners include SK Global Chemical, Lotte Chemical, Kumho Petrochemical, Hanwha Total Petrochemical, and Hyosung Corporation.

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