Switzerland Recycled Ocean Plastics Market Size & Outlook
Switzerland recycled ocean plastics market, 2019-2030 (US$M)
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Switzerland recycled ocean plastics market highlights
- The Switzerland recycled ocean plastics market generated a revenue of USD 113.3 million in 2023 and is expected to reach USD 173.3 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 6.3% 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 113.3 million |
| Market revenue in 2030 | USD 173.3 million |
| Growth rate | 6.3% (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, Switzerland accounted for 6.5% 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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Switzerland 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 37.51% in 2023. Horizon Databook has segmented the Switzerland 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 Swiss government is increasingly becoming aware of the problems associated with plastic pollution and is taking steps to reduce plastic waste by adopting circular strategies. In 2022, Switzerland joined the High Ambition Coalition to End Plastic Pollution, a group of countries dedicated to devising an international, legally binding instrument to address the global plastic pollution crisis.
This coalition aims to end plastic pollution by 2040 and comprises countries from all world regions, representing more than a quarter of UN member states. The High Ambition Coalition's vision is centered around a comprehensive and circular approach to plastics, focusing on the entire lifecycle of plastics, from production to disposal.
The coalition emphasizes the need for urgent action and effective interventions to address the sources of plastic pollution, which includes reducing plastic consumption and increasing the safe circularity of plastics in the economy. Furthermore, the rising awareness of the population for sustainable products is resulting in an increased incorporation of recycled ocean plastics in apparel and footwear applications, thus driving the market.
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Target buyers of Switzerland recycled ocean plastics market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 Switzerland recycled ocean plastics market, including forecasts for subscribers. This country databook contains high-level insights into Switzerland recycled ocean plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Switzerland recycled ocean plastics market report size, by resin, 2019-2030 (US$M)
Switzerland Recycled Ocean Plastics Market Share, 2023 & 2030 (US$M)
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