Latin America Recycled Ocean Plastics Market Size & Outlook
Latin America recycled ocean plastics market, 2019-2030 (US$M)
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Latin America recycled ocean plastics market highlights
- The Latin America recycled ocean plastics market generated a revenue of USD 37.1 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
Latin America data book summary
| Market revenue in 2023 | USD 37.1 million |
| Market revenue in 2030 | USD 55.4 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene terephthalate (pet) |
| Fastest growing segment | Polystyrene (PS) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 2.1% of the global recycled ocean plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,352.3 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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Latin America 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 39.89% in 2023. Horizon Databook has segmented the Latin America 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.
Central & South America includes countries such as Brazil, Argentina, Peru, Chile, Venezuela, Ecuador, and a few others. According to the UN Environment Programme, Peru generates 1,800 tons of plastic waste every day.
These bags are distributed among the children before the school opening every year in various provinces namely Puno, Arequipa, Cusco, Ayacucho, Huancavelica, and Apurímac. Increasing demand for footwear in the region and surging environmental concerns among consumers have led manufacturers to utilize recycled ocean plastics to develop sustainable solutions.
Brazil faces major challenges in recycling and tackling plastic waste due to the lack of recycling infrastructure in the country. In the recent past, the country has witnessed floods due to plastic waste accumulation in the river streams.
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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 continent-level data and insights on the Latin America recycled ocean plastics market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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