Product Code: GVR-4-68039-973-3
Recycled Ocean Plastics Market Growth & Trends:
The global recycled ocean plastics market size is expected to reach USD 2,913.25 million by 2030, registering a CAGR of 7.7% during the forecast period, according to a new report by Grand View Research, Inc. Growing marine plastic waste is anticipated to drive the growth of the industry over the forecast period. According to a report by United Nations Environment Programme (UNEP), plastic accounts for 85% of all marine litter. By 2040, 23 to 37 million metric tons of waste will be added into the ocean per year which will triple the amount of plastic waste in oceans.
In oceans, plastic waste injures and kills seabirds, fish, and marine mammals because of ingestion, suffocation, starvation, infection, drowning, and entanglement. The sea turtles are the most affected because of plastic pollution because of entanglement in ghost gear and suffocation. The human population is also at risk as plastics enter the human body through the food chain. Microplastics can also be inhaled when suspended in the air. In water sources, plastic pollution can cause hormonal changes, reproductive abnormalities, developmental disorders, and even cancer. It also has significant consequences for the global economy. It can also lead to a rise in illegal international and domestic waste disposal. It is estimated that by 2050 there will be more plastic waste in the oceans than fish.
The Asia Pacific region accounts for over 80% of all the plastic waste entering the ocean. This is because of waste mismanagement, and the lack of waste collection and processing in several countries in the region. Recycling comprises only a small percentage of waste disposal methods, while open dumping is the most-used method to dispose of waste in Southeast Asia. Rivers are a major source of marine waste, and rivers in South and Southeast Asia constitute the largest sources of ocean plastic waste worldwide. For example, the river Pasig in the Philippines is the most polluted and is the major source of plastic pollution in Asia.
Recycled Ocean Plastics Market Report Highlights:
- The Polyethylene Terephthalate (PET) plastics segment led with a revenue share of more than 36.8% in 2023 and is expected to maintain a healthy CAGR over the forecast period
- Stringent regulations about single-use plastic ban across regions including Europe, North America, and Asia, are expected to fuel the growth of the recycled ocean plastics industry
- The growing demand for electrical & electronic products along with rising environmental concerns is expected to drive the demand for recycled ocean plastics in the consumer goods application segment
- The apparel application segment led with a revenue share of more than 42% in 2023.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Recycled Ocean Plastics Market Variables, Trends & Scope
- 3.1. Global Recycled Ocean Plastics Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrant
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.7.6. Legal Landscape
Chapter 4. Recycled Ocean Plastics Market: Product Outlook Estimates & Forecasts
- 4.1. Recycled Ocean Plastics Market: Product Movement Analysis, 2023 & 2030
- 4.2. High-density Polyethylene (HDPE)
- 4.2.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 4.3. Low-density Polyethylene (LDPE)
- 4.3.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 4.4. Polypropylene (PP)
- 4.4.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 4.5. Polyethylene Terephthalate (PET)
- 4.5.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 4.6. Polystyrene (PS)
- 4.6.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 4.7. Polyvinyl chloride (PVC)
- 4.7.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 4.8. Others
- 4.8.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Chapter 5. Recycled Ocean Plastics Market: Dimension Outlook Estimates & Forecasts
- 5.1. Recycled Ocean Plastics Market: Dimension Analysis, 2023 & 2030
- 5.2. Microplastics (0.05 - 0.5 cm)
- 5.2.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 5.3. Mesoplastics (0.5 - 5 cm)
- 5.3.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 5.4. Macroplastics (5 - 50 cm)
- 5.4.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 5.5. Megaplastics (anything Above 50 cm)
- 5.5.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Chapter 6. Recycled Ocean Plastics Market: Source Outlook Estimates & Forecasts
- 6.1. Recycled Ocean Plastics Market: Source Movement Analysis, 2023 & 2030
- 6.2. Plastic Bottle
- 6.2.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 6.3. Plastics Bags
- 6.3.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 6.4. Fishing Line
- 6.4.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 6.5. Straws & Stirrers
- 6.5.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 6.6. Plastic beverage holder (six rings)
- 6.6.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 6.7. Others
- 6.7.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Chapter 7. Recycled Ocean Plastics Market: Application Outlook Estimates & Forecasts
- 7.1. Recycled Ocean Plastics Market: Application Analysis, 2023 & 2030
- 7.2. Apparel
- 7.2.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 7.3. Footwear
- 7.3.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 7.4. Interiors
- 7.4.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- 7.5. Bags & Luggage
- 7.5.1. Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Chapter 8. Recycled Ocean Plastics Market Regional Outlook Estimates & Forecasts
- 8.1. Regional Snapshot
- 8.2. Recycled Ocean Plastics Market: Regional Movement Analysis, 2023 & 2030
- 8.3. North America
- 8.3.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.5. U.S.
- 8.3.5.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.5.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.5.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.5.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.6. Canada
- 8.3.6.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.6.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.6.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.3.6.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.4. Europe
- 8.4.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.5. Germany
- 8.4.5.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.5.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.5.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.5.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.6. UK
- 8.4.6.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.6.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.6.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.6.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.7. Spain
- 8.4.7.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.7.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.7.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.7.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.8. Denmark
- 8.4.8.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.8.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.8.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.8.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.9. Italy
- 8.4.9.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.9.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.9.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.9.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.10. Switzerland
- 8.4.10.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.10.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.10.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.4.10.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.5. Japan
- 8.5.5.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.5.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.5.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.5.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.6. China
- 8.5.6.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.6.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.6.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.6.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.7. India
- 8.5.7.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.7.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.7.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.7.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.8. Indonesia
- 8.5.8.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.8.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.8.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.8.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.9. Vietnam
- 8.5.9.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.9.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.9.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.5.9.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.6. Central & South America
- 8.6.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.6.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.6.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.6.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 8.7. Middle East & Africa
- 8.7.1. Market estimates and forecast, by Product, 2019 - 2030 (Kilotons) (USD Million)
- 8.7.2. Market estimates and forecast, by dimension, 2019 - 2030 (Kilotons) (USD Million)
- 8.7.3. Market estimates and forecast, by source, 2019 - 2030 (Kilotons) (USD Million)
- 8.7.4. Market estimates and forecast, by Application, 2019 - 2030 (Kilotons) (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Ranking
- 9.4. Heat Map Analysis
- 9.5. Market Strategies
- 9.6. Vendor Landscape
- 9.6.1. List of raw material supplier, key manufacturers, and distributors
- 9.6.2. List of prospective applications
- 9.7. Strategy Mapping
- 9.8. Company Profiles/Listing
- 9.8.1. Ocean Plastic Technologies
- 9.8.1.1. Company Overview
- 9.8.1.2. Financial Performance
- 9.8.1.3. Product Benchmarking
- 9.8.2. United By Blue
- 9.8.2.1. Company Overview
- 9.8.2.2. Financial Performance
- 9.8.2.3. Product Benchmarking
- 9.8.3. Patagonia, Inc.
- 9.8.3.1. Company Overview
- 9.8.3.2. Financial Performance
- 9.8.3.3. Product Benchmarking
- 9.8.4. 4Ocean
- 9.8.4.1. Company Overview
- 9.8.4.2. Financial Performance
- 9.8.4.3. Product Benchmarking
- 9.8.5. Textil Santanderina
- 9.8.5.1. Company Overview
- 9.8.5.2. Financial Performance
- 9.8.5.3. Product Benchmarking
- 9.8.6. SEAQUAL INITIATIVE
- 9.8.6.1. Company Overview
- 9.8.6.2. Financial Performance
- 9.8.6.3. Product Benchmarking
- 9.8.7. Waterhaul
- 9.8.7.1. Company Overview
- 9.8.7.2. Financial Performance
- 9.8.7.3. Product Benchmarking
- 9.8.8. BIONIC
- 9.8.8.1. Company Overview
- 9.8.8.2. Financial Performance
- 9.8.8.3. Product Benchmarking
- 9.8.9. Bureo
- 9.8.9.1. Company Overview
- 9.8.9.2. Financial Performance
- 9.8.9.3. Product Benchmarking
- 9.8.10. Aquafil S.p.A.
- 9.8.10.1. Company Overview
- 9.8.10.2. Financial Performance
- 9.8.10.3. Product Benchmarking
- 9.8.11. Tide Ocean S.A.
- 9.8.11.1. Company Overview
- 9.8.11.2. Financial Performance
- 9.8.11.3. Product Benchmarking
- 9.8.12. Plastix
- 9.8.12.1. Company Overview
- 9.8.12.2. Financial Performance
- 9.8.12.3. Product Benchmarking
- 9.8.13. POPSICASE
- 9.8.13.1. Company Overview
- 9.8.13.2. Financial Performance
- 9.8.13.3. Product Benchmarking
- 9.8.14. Parley
- 9.8.14.1. Company Overview
- 9.8.14.2. Financial Performance
- 9.8.14.3. Product Benchmarking