Canada Recycled Ocean Plastics Market Size & Outlook
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Canada recycled ocean plastics market highlights
- The Canada recycled ocean plastics market generated a revenue of USD 33.2 million in 2023 and is expected to reach USD 49.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, polyethylene terephthalate (pet) was the largest revenue generating resin in 2023.
- Polystyrene (PS) is the most lucrative resin segment registering the fastest growth during the forecast period.
Recycled ocean plastics market data book summary
| Market revenue in 2023 | USD 33.2 million |
| Market revenue in 2030 | USD 49.5 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene terephthalate (pet) |
| Fastest growing segment | Polystyrene (PS) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 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) |
| Key market players worldwide | Simpson Manufacturing Co Inc, Mitek Systems Inc, Eurotech Ltd, Globus Medical Inc Class A, Oceanworks, Aquafil SpA, Ocean Plastics, The Ocean Cleanup, Oceanus, Textil Santanderina, SeQual Technologies, Waterhaul, Bionic, Bureo Skateboards, Tide Ocean, Plastixs, POPSICASE, Parley, Econyl |
Other key industry trends
- In terms of revenue, Canada accounted for 1.9% of the global recycled ocean plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. recycled ocean plastics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 564.7 million by 2030.
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Recycled Ocean Plastics Market Scope
Recycled Ocean Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Econyl | View profile | 1001-5000 | Trento, Trentino-Alto Adige, Italy, Europe | https://www.econyl.com/ |
| Parley | View profile | 11-50 | New York, New York, United States, North America | https://parley.tv |
| POPSICASE | View profile | - | Barcelona, Catalonia, Spain, Europe | https://www.popsicase.com/ |
| Plastixs | View profile | 1-10 | Shrewsbury, Massachusetts, United States, North America | https://plastixs.com |
| Tide Ocean | View profile | 51-100 | Basel, Basel-Stadt, Switzerland, Europe | https://www.tide.earth |
| Bureo Skateboards | View profile | 1-10 | Santiago, Region Metropolitana, Chile, South America | https://bureo.co/ |
| Bionic | View profile | 101-250 | Palo Alto, California, United States, North America | https://bionic.ai |
| Waterhaul | View profile | 1-10 | Newquay, Cornwall, United Kingdom, Europe | https://waterhaul.co/ |
| SeQual Technologies | View profile | 501-1000 | San Diego, California, United States, North America | http://www.sequal.com |
| Textil Santanderina | View profile | 251-500 | Cabezón De La Sal, Cantabria, Spain, Europe | https://textilsantanderina.com/ |
| Oceanus | View profile | 51-100 | San Francisco, California, United States, North America | - |
| The Ocean Cleanup | View profile | 51-100 | Rotterdam, Zuid-Holland, The Netherlands, Europe | http://www.theoceancleanup.com |
| Ocean Plastics | View profile | 251-500 | Wanhua, T'ai-pei, Taiwan, Asia | http://www.opc.com.tw/ |
| Oceanworks | View profile | 11-50 | Los Angeles, California, United States, North America | https://oceanworks.co |
| Aquafil SpA | View profile | 2637 | Via Linfano, 9, Arco, Trento, Italy, 38062 | https://www.aquafil.com |
| Eurotech Ltd | View profile | 7 | 10306 Eaton Place, Suite 220, Fairfax, VA, United States, 22030 | http://www.eurotechltd.com |
| Globus Medical Inc Class A | View profile | 5000 | 2560 General Armistead Avenue, Audubon, PA, United States, 19403 | https://www.globusmedical.com |
| Mitek Systems Inc | View profile | 590 | 600 B Street, Suite 100, San Diego, CA, United States, 92101 | https://www.miteksystems.com |
| Simpson Manufacturing Co Inc | View profile | 5497 | 5956 W. Las Positas Boulevard, Pleasanton, CA, United States, 94588 | https://www.simpsonmfg.com |
Canada 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 36.75% in 2023. Horizon Databook has segmented the Canada 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.
Plastic recycling rate in Canada is low as the country is one of the biggest producers of crude oil globally. Declining prices of crude oil are making the production of plastics more economical than recycling plastics. The country produces 3 million tons of plastic waste per year. It recycles less than 10% of the overall plastic waste and the rest ends up in landfills, waste-to-energy facilities, or ocean.
Plastic waste and marine litter burden the economy and threaten the health of the environment including wildlife, rivers, lakes, and oceans. Canada has also adopted a zero-plastic waste agenda.
Various environmental agencies such as Environmental Defense, Canadian Environmental Law Association, Living Oceans, Rain Coast, Ontario Nature, Coastal Restoration Society, Eco Superior, WCS Canada, and Surfrider Foundation have proposed a framework to the Canadian government.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into Canada recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
Canada Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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