Report Highlights
The global recycled ocean plastics market should reach $774.5 million by 2027 from $444.4 million in 2022 at a compound annual growth rate (CAGR) of 11.8% for the forecast period of 2022 to 2027.
Report Includes
- 43 tables
- An up-to-date overview and industry analysis of the global recycled ocean plastics market
- Analyses of the global market trends, with market revenue for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Discussion of industry growth driving factors and major technology issues and challenges affecting the market for recycled ocean plastics as a basis for projecting demand in the next few years (2022-2027)
- Estimation of the actual market size (both in value and volumetric terms) and revenue forecast for the global recycled ocean plastics market, and corresponding market share analysis based on resin type, plastic/waste source, end use, and region
- Assessment of the market growth opportunities with respect to using plastic waste as a resource with the help of recycled ocean plastics, value chain analysis, regulatory environment, and the emerging trends and technologies affecting the marketplace
- A comparative study of Porter’s Five Forces analysis and PESTLE analysis considering both micro- and macro- environmental factors prevailing in the recycled ocean plastics market
- Coverage of the technological, economic, and business considerations of the market, with data analyses and growth forecasts through 2028
- Insight into the recent industry structure, competitive aspects of each product segment, increasing investment on R&D activities, market development strategies, and company revenue share analysis
- Detailed company profiles of the leading global players, including Aquafil, Biffa PLC, Jayplas, Ocean Cleanup and Veolia
Report Scope
The report discusses different recycled resin types, such as PET, HDPE, L/LDPE, PP, PUR, PS and PVC. It offers detailed analysis on different types of resins and their recycling output, along with the prevalent trends and opportunities in the market. The market values are estimated based on multiple factors and analysis of manufacturers’ revenues. Market dynamics are identified within each industry. Technological advancements and trends are reviewed, and other influences, such as economic conditions and standards, are discussed. This is a global study, so BCC Research analyzes domestic and international technological issues and economic considerations.
The market segments of the report are focused on technical and commercial aspects of the recycled ocean plastics for different end-user segments, including consumer, building, industrial, automotive and others. The report also discusses the regional policy and regulatory framework for the recycled ocean plastics industry to maintain the environmental sustainability and to comply with the government regulations.
The report analyzes the regional markets for recycled ocean plastics. The segments are forecast for 2022 to 2027, with 2021 as a base year. The report offers a competitive scenario of the market, including a detailed analysis of key market players and a list of small and regional market players.
The currency used in this report is U.S. dollars. For companies reporting their revenue in U.S. dollars, the revenues are taken from their annual reports. For companies that reported their revenue in other currencies (e.g., Euros, U.K. pounds), the average annual currency conversion rate has been used for the particular year to convert the value into U.S. dollars. The conversion rate for each currency conversion is provided in the report.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||
| Forecast period considered | 2022-2027 | ||||||||||
| Base year market size | $401.5 million | ||||||||||
| Market size forecast | $774.5 million | ||||||||||
| Growth rate | CAGR of 11.8% | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | resin type, source, end use, and region | ||||||||||
| Regions covered | APAC (Asia-Pacific), Europe, North America, RoW | ||||||||||
| Key Market Drivers |
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| Companies studied |
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BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
This report on Recycled Ocean Plastics Market highlights overall growth due to rapidly growing emerging economies (China and India) and the establishment of more new start-ups and smaller manufacturing companies in the Asia-Pacific, North American and European regions, leading to the growth and demand for recycled ocean plastics in various applications such as automotive, electrical and electronics, consumer goods and appliances, and packaging and film. BCC Research focuses on the factors that may influence markets, with many numeric predictions covering the global market. It is intended for those entities desiring a picture of ongoing plastics recycling activity, as well as those looking for opportunities to enter the business.
Report Includes
- An overview of the recycled ocean plastics market
- Analyses of the global market trends with data from 2018 to 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Insight into the Top 20 countries ranked by mass of mismanaged plastic and input of plastic to the oceans from most polluting rivers across the World
- Information on opportunities and challenges with respect to using plastic waste as a resource with the help of recycled ocean plastics
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