Japan Recycled Ocean Plastics Market Size & Outlook
Japan recycled ocean plastics market, 2019-2030 (US$M)
Related Markets
Japan recycled ocean plastics market highlights
- The Japan recycled ocean plastics market generated a revenue of USD 110.2 million in 2023 and is expected to reach USD 187.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.9% 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 110.2 million |
| Market revenue in 2030 | USD 187.4 million |
| Growth rate | 7.9% (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, Japan accounted for 6.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Recycled Ocean Plastics Market Scope
Recycled Ocean Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 38.29% in 2023. Horizon Databook has segmented the Japan 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.
Japan is at the forefront of ocean plastic recycling in Asia Pacific. The adoption of recycled plastics for producing various consumer goods is contributing to the growth of recycled ocean plastics market in the country. According to Plastic Waste Management Institute (PMMI), the country’s plastic recycling rate is 87%, the highest in Asia Pacific. The most common plastic waste generated in the country includes polyethylene (PE), polypropylene (PP), polystyrene (PS), and polyvinyl chloride (PVC).
The country recycles 23% of the plastic waste through mechanical recycling, 4% through chemical recycling, and the rest through thermal recycling by burning the plastic to produce energy. According to The Council of PET Bottle Recycling, 94% of all polyethylene terephthalate (PET) bottles bought in Japan In 2022 were gathered and 86% of the total were recycled. In comparison, the recycling rate was just 42.7% in Europe; in the U.S., the figure was much lower only reaching 18%.
In September 2023, MOL and Idemitsu Kosan initiated a joint demonstration test, which was focused on recycling marine plastic waste. The test involved the use of a device, namely Seabin to collect marine debris at the Hiroshima Municipal Pier. This collected waste was then recycled into oil by Chemical Recycle Japan Co., Ltd., a subsidiary of Idemitsu Kosan. This test aimed to assess the viability of the generated oil as a raw material for use in petrochemical products and fuel oils.
Reasons to subscribe to Japan recycled ocean plastics market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Japan recycled ocean plastics market databook
-
Our clientele includes a mix of recycled ocean plastics market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Japan recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into Japan recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
Japan Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
