Indonesia Recycled Ocean Plastics Market Size & Outlook
Indonesia recycled ocean plastics market, 2019-2030 (US$M)
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Indonesia recycled ocean plastics market highlights
- The Indonesia recycled ocean plastics market generated a revenue of USD 48.1 million in 2023 and is expected to reach USD 78.0 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 7.1% 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 48.1 million |
| Market revenue in 2030 | USD 78.0 million |
| Growth rate | 7.1% (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, Indonesia accounted for 2.7% 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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Indonesia 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 39.92% in 2023. Horizon Databook has segmented the Indonesia 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.
Indonesia is one of the most prominent contributors to global marine plastic pollution. One key aspect that leads to oceanic plastic pollution in the country is the adoption of insufficient plastic waste management practices. According to the Indonesian Institute of Sciences, out of about 8 million tons of global ocean plastic waste, Indonesia dumps around 600,000 tons annually in the oceans.
The increasing environmental concerns among the nation and the surging governmental and corporate initiatives drive the growth of recycled ocean plastics market in the country. In October 2023, Prevented Ocean Plastic Southeast Asia (POPSEA) opened a new plastic waste collection center in North Jakarta, Indonesia, as a part of its goal to establish 25 such centers in coastal communities across the country by 2025.
The new center can process about 110 metric tons of plastic waste per month and provides up to 30 jobs. This is the result of the ongoing partnership of POPSEA with Singapore-based investment firm, Circulate Capital, which has provided funding to help POPSEA expand its recycling infrastructure in Indonesia.
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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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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 country-level data and insights on the Indonesia recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into Indonesia recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
Indonesia Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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