Global Recycled Ocean Plastics Market Size & Outlook
Global recycled ocean plastics market, 2019-2030 (US$M)
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Global recycled ocean plastics market highlights
- The global recycled ocean plastics market generated a revenue of USD 1,754.2 million in 2023 and is expected to reach USD 2,913.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.5% by 2030.
- In terms of segment, polyethylene terephthalate (pet) accounted for a revenue of USD 646.2 million in 2023.
- Polystyrene (PS) is the most lucrative resin segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,754.2 million |
| Market revenue in 2030 | USD 2,913.2 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene terephthalate (pet) |
| Fastest growing segment | Polystyrene (PS) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), Polypropylene (PP), Polyethylene Terephthalate (PET), Polystyrene (PS), Polyvinyl chloride (PVC) |
Other key industry trends
- In terms of revenue, the North America accounted for 21.9% of the global recycled ocean plastics market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 49.5 million by 2030.
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Recycled Ocean Plastics Market Scope
Recycled Ocean Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global recycled ocean plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to recycled ocean plastics market will help companies and investors design strategic landscapes.
Polyethylene terephthalate (pet) was the largest segment with a revenue share of 36.84% in 2023. Horizon Databook has segmented the Global recycled ocean plastics market based on high-density polyethylene (hdpe), low-density polyethylene (ldpe), polypropylene (pp), polyethylene terephthalate (pet), polystyrene (ps), polyvinyl chloride (pvc) covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Recycled Ocean Plastics Resin Outlook (Revenue, USD Million, 2019-2030)
- High-density Polyethylene (HDPE)
- Low-density Polyethylene (LDPE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polyvinyl chloride (PVC)
- Others
- Global Recycled Ocean Plastics Dimension Outlook (Revenue, USD Million, 2019-2030)
- Microplastics
- Mesoplastics
- Macroplastics
- Megaplastics
- Global Recycled Ocean Plastics Source Outlook (Revenue, USD Million, 2019-2030)
- Plastic Bottle
- Plastics Bags
- Fishing Line
- Straws & Stirrers
- Plastic beverage holder (six rings)
- Other
- Global Recycled Ocean Plastics Application Outlook (Revenue, USD Million, 2019-2030)
- Apparel
- Footwear
- Interiors
- Bags & Luggage
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Target buyers of Global recycled ocean plastics market databook
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Our clientele includes a mix of recycled ocean plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global recycled ocean plastics market, including forecasts for subscribers. This global databook contains high-level insights into Global recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Global recycled ocean plastics market report size, by regions, 2019-2030 (US$M)
Top 10 countries: Recycled ocean plastics market report size, 2023 (US$M)
Global recycled ocean plastics market report share, by resin, 2023 & 2030 (%, US$M)
Recycled ocean plastics market: Opportunity assessment by country
Global recycled ocean plastics market, by region, 2023 (US$M)
| Resin | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 329.5 | 326.0 | 344.3 | 363.7 | 385.0 | 408.3 | 434.1 | 462.6 | 494.4 | 530.0 | 569.8 | 614.3 | 6.9% |
| Europe | 440.4 | 434.9 | 461.1 | 489.0 | 519.8 | 553.6 | 591.2 | 633.0 | 679.8 | 732.3 | 791.3 | 857.7 | 7.4% |
| Asia Pacific | 663.3 | 646.4 | 689.1 | 735.0 | 785.8 | 841.9 | 904.3 | 974.1 | 1,052.3 | 1,140.6 | 1,240.1 | 1,352.3 | 8.1% |
| Latin America | 33.0 | 32.3 | 33.8 | 35.4 | 37.1 | 39.0 | 41.0 | 43.3 | 45.9 | 48.7 | 51.8 | 55.4 | 5.9% |
| MEA | 26.0 | 24.8 | 25.3 | 25.9 | 26.5 | 27.2 | 28.0 | 28.9 | 29.9 | 31.0 | 32.3 | 33.7 | 3.5% |
| Overall | 1,492.2 | 1,464.4 | 1,553.6 | 1,649.0 | 1,754.2 | 1,870.0 | 1,998.5 | 2,141.9 | 2,302.2 | 2,482.5 | 2,685.3 | 2,913.2 | 7.5% |
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