Italy Recycled Ocean Plastics Market Size & Outlook
Italy recycled ocean plastics market, 2019-2030 (US$M)
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Italy recycled ocean plastics market highlights
- The Italy recycled ocean plastics market generated a revenue of USD 66.8 million in 2023 and is expected to reach USD 116.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 8.2% 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 66.8 million |
| Market revenue in 2030 | USD 116.1 million |
| Growth rate | 8.2% (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, Italy accounted for 3.8% 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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Italy 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 38.32% in 2023. Horizon Databook has segmented the Italy 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 country has various luxury automobile manufacturers such as FCA ITALY S.p.A., Ferrari S.p.A., Ford Motor Co., ALFAROMEO, Auto mobili Lamborghini S.p.A., and Maserati S.p.A. coupled with the rising trend of companies launching electric vehicles is expected to drive the demand for recycled ocean plastics over the forecast period.
For instance, in April 2024, FORVIA's sustainable materials division, MATERI'ACT, unveiled a concept automobile that integrates door panels and an instrument panel made of Ocean Bound Plastics (OBP). OBP and biomass help reduce the CO2 effect by 20%, paving the way for MATERI'ACT to meet the company’s aim of up to 85% CO2 reduction.
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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 Italy recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into Italy recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Italy recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
Italy Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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