Europe Recycled Ocean Plastics Market Size & Outlook
Europe recycled ocean plastics market, 2019-2030 (US$M)
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Europe recycled ocean plastics market highlights
- The Europe recycled ocean plastics market generated a revenue of USD 519.8 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 519.8 million |
| Market revenue in 2030 | USD 857.7 million |
| Growth rate | 7.4% (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) |
| 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, Europe region accounted for 29.6% of the global recycled ocean plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,352.3 million by 2030.
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Recycled Ocean Plastics Market Scope
Recycled Ocean Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 37.36% in 2023. Horizon Databook has segmented the Europe 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.
Europe has the highest plastic recycling rate owing to the adoption of the circular economy by the European Commission for reducing plastic waste. According to a report by the European Union, in October 2023, the EU region generated 188.7 kg of packaging waste per inhabitant, 10.8 kg more compared to 2020. This was the biggest increase in 10 years and almost 32 kg more than the waste in 2011.
Compared to the previous year, plastic packaging waste generation and recycling increased: generation increased by 1.4 kg per capita (+4.0%), and recycling increased by 1.2 kg per capita (+9.5%). The plastic recycling rate has increased and is at 39.7% from the previous 37.6% in 2020.
In 2021, Slovenia (50.0%), Belgium (49.2%), and the Netherlands (48.9%) recycled half, or almost half, of their plastic packaging waste generated. In contrast, less than one-quarter of plastic packaging waste was recycled in Malta (20.5%), France (23.1%) and Sweden (23.8%).
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe recycled ocean plastics market, including forecasts for subscribers. This continent databook contains high-level insights into Europe recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Europe recycled ocean plastics market report size, by country, 2019-2030 (US$M)
Europe Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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