Germany Recycled Ocean Plastics Market Size & Outlook
Germany recycled ocean plastics market, 2019-2030 (US$M)
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Germany recycled ocean plastics market highlights
- The Germany recycled ocean plastics market generated a revenue of USD 97.9 million in 2023 and is expected to reach USD 184.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.5% 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 97.9 million |
| Market revenue in 2030 | USD 184.3 million |
| Growth rate | 9.5% (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, Germany accounted for 5.6% 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 Europe, Germany recycled ocean plastics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 184.3 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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Germany 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 35.85% in 2023. Horizon Databook has segmented the Germany 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.
According to the report of the Federal Ministry for Environment, Nature Conservation, Nuclear Safety, and Consumer Protection, in 2023, Germany generated 340 million tons of plastic waste per year and had a recycling rate of wastes 50 million tons, approximately. Aligning with the European Union directive to ban single-use plastics, the country has put a ban on single use plastic since 2021.
According to the Statistics hes Bundesamt, the country exports markedly less plastic waste compared to a 2018 to 2020. In 2021, just over 766,200 tons of plastic waste was exported from Germany, which is one-quarter less (-25.2%) than in 2020. Germany is still the largest exporter of plastic waste in Europe.
From 2006 to 2020, the quantities sent to recycling increased by 104%, energy recovery increased by 67% and landfill decreased by 80%. Germany uses recycled plastics, such as polyethylene terephthalate (PET) and polystyrene (PS), in the manufacturing of benches for public spaces and food grade plastic bottles for beverages.
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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 Germany recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into Germany recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Germany recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
Germany Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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