North America Recycled Ocean Plastics Market Size & Outlook
North America recycled ocean plastics market, 2019-2030 (US$M)
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North America recycled ocean plastics market highlights
- The North America recycled ocean plastics market generated a revenue of USD 385.0 million in 2023.
- The market is expected to grow at a CAGR of 6.9% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 385.0 million |
| Market revenue in 2030 | USD 614.3 million |
| Growth rate | 6.9% (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, North America region accounted for 21.9% 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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North 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 35.97% in 2023. Horizon Databook has segmented the North 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.
North America is one of the major consumers of plastics owing to the high demand from automotive, electrical & electronics, packaging, and construction sectors, which leads to a large amount of plastic waste generation.
Many automobile manufacturers are increasingly preferring recycled ocean plastic components for vehicles, which help these manufacturers reduce carbon emissions for each vehicle and produce lightweight plastic components used in the manufacturing of insulation and interior components.
For instance, in April 2023, Eastman, the U.S. Automotive Materials Partnership LLC, Yan feng, and Padnos collaborated to showcase the recycling of plastics found in end-of-life vehicle shredder byproducts.
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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 continent-level data and insights on the North America recycled ocean plastics market, including forecasts for subscribers. This continent databook contains high-level insights into North America recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America recycled ocean plastics market report size, by country, 2019-2030 (US$M)
North America Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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