India Recycled Ocean Plastics Market Size & Outlook
India recycled ocean plastics market, 2019-2030 (US$M)
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India recycled ocean plastics market highlights
- The India recycled ocean plastics market generated a revenue of USD 114.8 million in 2023 and is expected to reach USD 204.6 million by 2030.
- The India market is expected to grow at a CAGR of 8.6% 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 114.8 million |
| Market revenue in 2030 | USD 204.6 million |
| Growth rate | 8.6% (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, India accounted for 6.5% 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 Asia Pacific, China recycled ocean plastics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 624.4 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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India 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 36.85% in 2023. Horizon Databook has segmented the India 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.
The Government of India has proactively taken measures to mitigate the negative impact of plastic pollution through the launch of the Swachh Bharat Abhiyan campaign, ban on single-use plastic items such as plates, cups, straws, and bags, and promotion of the circular economy approach related to plastics. Despite these efforts, many devotees in the country still discard religious items and plastic bags into rivers and canals, thereby contributing to their pollution.
In February 2022, the government of the country announced the elimination of single-use plastics. The Indian Navy also carried out a 100-ship day Plastic Clean Sea Campaign in June 2022 to collect plastic waste from the Arabian Sea. A national awareness campaign was also launched in India in 2022 to collect plastic waste from the coastal regions that amounted to 13 tons.
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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 India recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into India recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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India recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
India Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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