Global Ocean Bound Plastics Market Growth (Status and Outlook) 2024-2030

Global Ocean Bound Plastics Market Growth (Status and Outlook) 2024-2030

As the name suggests, ocean-bound plastic is plastic that could potentially end up in our oceans — this generates roughly 80% of plastic marine litter, according to the Ocean Bound Plastic Certification. This report focus on Recycled Ocean Bound Plastic.

The global Ocean Bound Plastics market size is projected to grow from US$ 355 million in 2024 to US$ 650 million in 2030; it is expected to grow at a CAGR of 10.6% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Ocean Bound Plastics Industry Forecast” looks at past sales and reviews total world Ocean Bound Plastics sales in 2022, providing a comprehensive analysis by region and market sector of projected Ocean Bound Plastics sales for 2023 through 2029. With Ocean Bound Plastics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ocean Bound Plastics industry.

This Insight Report provides a comprehensive analysis of the global Ocean Bound Plastics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Ocean Bound Plastics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ocean Bound Plastics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ocean Bound Plastics and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ocean Bound Plastics.

Around 500 million tons of plastic waste is produced every year, according to Our World in Data — and mismanagement is one of the main reasons this overwhelming amount of plastic pollutes our oceans. Although a very straightforward term, ocean-bound plastic stretches beyond littering on beaches. In fact, it’s often a result of mainland plastic consumption. While many might believe we can just recycle more to solve the problem, the reality is that a large percentage of marine litter actually comes from non-commercially recyclable plastic materials. Greenpeace paints a clear picture of this, reporting that only 5%–6% of plastics were actually recycled in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Ocean Bound Plastics market by product type, application, key players and key regions and countries.

Segmentation by Type:
PET
Polyethylene
Polypropylene
Others

Segmentation by Application:
Packaging
Building & Construction
Electronics
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
PET
Polyethylene
Polypropylene
Others

Segmentation by Application:
Packaging
Building & Construction
Electronics
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SUEZ
Veolia
B&B Plastics Inc
Oceanworks
Jayplas
Unifi, Inc
KW Plastics
Plastipak Holdings, Inc
SABIC
#tide
OceanBound Plastic

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