Spain Recycled Ocean Plastics Market Size & Outlook
Spain recycled ocean plastics market, 2019-2030 (US$M)
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Spain recycled ocean plastics market highlights
- The Spain recycled ocean plastics market generated a revenue of USD 29.9 million in 2023 and is expected to reach USD 49.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.6% 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 29.9 million |
| Market revenue in 2030 | USD 49.7 million |
| Growth rate | 7.6% (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, Spain accounted for 1.7% 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 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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Spain 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 39.8% in 2023. Horizon Databook has segmented the Spain 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.
Spain is one of the largest exporters of fish in the world. According to the HS code 0301 for live fish, Spain exported USD 4.23 billion fishes including tuna, shrimp, and octopus in 2023. Spain's fishing industry is a significant contributor to its economy, with the country being one of the largest markets worldwide for fish and seafood.
However, fishing activities in the ocean are leading to plastic pollution due to the use of various plastic and nylon-based equipment such as fishing nets, lines, and traps. This is expected to propel the growth of the recycled ocean plastics market in the country.
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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 Spain recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into Spain recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Spain recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
Spain Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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