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Europe Recycled Ocean Plastics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Resin Type [Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), and Others] and Application (Footwear, Bags & Luggage, Apparel, Construction Materials, and Others)
Market Report I 2023-01-23 I 137 Pages I The Insight Partners
The Europe recycled ocean plastics market is expected to grow from US$ 3,186.76 million in 2022 to US$ 5,179.36 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.
Increasing Launch of Products Made from Recycled Ocean Plastics is Driving the Europe Recycled Ocean Plastics Market
Plastic pollution is a pressing challenge due to the significant threat it poses to living organisms. According to the statistics provided by Ocean Literacy Portal by United Nations Educational, Scientific and Cultural Organization; plastic waste accounts for ~80% of the total marine pollution. Moreover, these plastics get converted into microplastics, as they do not decompose. The volume of microplastics in the oceans is expected to surge significantly in the future. Nevertheless, the awareness regarding plastic pollution in oceans has increased in many countries, and governments and regulatory bodies are taking initiatives to recycle these plastics. Many companies are launching innovative and attractive products, such as footwear, handbags and wallets, sunglasses, and apparel, using recycled ocean plastics to achieve their sustainability goals and reduce their overall environmental footprints. Patagonic Inc. offers jackets made from 100% recycled nylon yarns obtained from discarded fishing nets. Similarly, Adidas has collaborated with Parley for the Oceans to design sneakers made with yarns obtained from recycled ocean plastics. The companies aim to use 100% recycled polyester in their products by 2024. Further, Microsoft, one of the leading technology companies, offers computer mice made from recycled ocean plastics. The shell of these mice contains 20% recycled ocean plastics, which marks a small initiative of the company toward its sustainability journey. Thus, many such companies are using recycled ocean plastics in their products to reduce their overall environmental plastic footprints, in line with the rising popularity of sustainable products. This is driving the growth of the Europe recycled ocean plastics market .
Europe Recycled Ocean Plastics Market Overview
The growing footwear & fashion industry in the region is driving Europe recycled ocean plastics market. The footwear industry is one of the most rapidly growing industries in the European economy. According to the Ministry of Foreign Affairs' Central Bureau of Investigation (CBI), Europe's sportswear imports are worth US$ 14.9 billion and grow 7.2% annually. The top import markets are Germany, France, Italy, Spain, the UK, and the Netherlands. The rise in the trend of sustainable footwear solutions to reduce carbon emissions is highly accepted by major footwear brands in Europe. On average, each pair of shoes has an environmental footprint of 10.6 kg CO2, of which 58% corresponds to manufacturing, 11% to assembly and finishing, 16% to packaging, 6% to distribution, and 9% to packaging and end-of-life. According to the European Commission, every year, the global environmental footprint of the footwear industry adds up to a total of 249.1 billion kg CO2, of which Europe accounts for ~10 billion kg CO2. In 2018, Germany-based sportswear brand "Adidas" produced more than five million pairs of shoes containing recycled ocean plastic waste.
Europe Recycled Ocean Plastics Market Revenue and Forecast to 2028 (US$ Million)
Europe Recycled Ocean Plastics Market Segmentation
The Europe recycled ocean plastics market is segmented based on resin type, application, and country.
Based on resin type, the Europe recycled ocean plastics market is segmented into the polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polystyrene (PS), and others. The polyethylene terephthalate (PET) segment held the largest share of the market in 2022.
Based on application, the Europe recycled ocean plastics market is segmented into the footwear, bags & luggage, apparel, construction materials, and others. The apparel segment held the largest share of the market in 2022.
Based on country, the Europe recycled ocean plastics market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that rest of Europe dominated the market share in 2022.
Aquafil S.p.A.; Oceanworks; OceanYarn; SABIC; Textil Santanderina; Tide Ocean SA; Unifi, Inc.; and Waste2Wear are the leading companies operating in the Europe recycled ocean plastics market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Europe Recycled Ocean Plastics Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Europe Recycled Ocean Plastics Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Launch of Products Made from Recycled Ocean Plastics
5.1.2 Favorable Initiatives from Governments and Non-profit Organizations
5.2 Market Restraints
5.2.1 Challenges Associated with Waste Collection and Processing
5.3 Market Opportunities
5.3.1 Emerging Applications of Recycled Ocean Plastics in Food Packaging
5.4 Future Trends
5.4.1 Rising Trend of Sustainable Clothing
5.5 Impact Analysis of Drivers and Restraints
6. Recycled Ocean Plastics Market - Europe Analysis
6.1 Europe Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
6.2 Europe Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7. Europe Recycled Ocean Plastics Market Analysis - By Resin Type
7.1 Overview
7.2 Europe Recycled Ocean Plastics Market Breakdown, by Resin Type, 2021 & 2028
7.3 Polyethylene Terephthalate
7.3.1 Overview
7.3.2 Polyethylene Terephthalate: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
7.3.3 Polyethylene Terephthalate: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Polyethylene
7.4.1 Overview
7.4.2 Polyethylene: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
7.4.3 Polyethylene: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Polypropylene
7.5.1 Overview
7.5.2 Polypropylene: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
7.5.3 Polypropylene: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Polystyrene
7.6.1 Overview
7.6.2 Polystyrene: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
7.6.3 Polystyrene: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
7.7.3 Others: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
8. Europe Recycled Ocean Plastics Market Analysis - By Application
8.1 Overview
8.2 Europe Recycled Ocean Plastics Market Breakdown, by Application, 2021 & 2028
8.3 Apparel
8.3.1 Overview
8.3.2 Apparel: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Footwear
8.4.1 Overview
8.4.2 Footwear: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Bags and Luggage
8.5.1 Overview
8.5.2 Bags and Luggage: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Construction Material
8.6.1 Overview
8.6.2 Construction Material: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
9. Europe Recycled Ocean Plastics Market - Country Analysis
9.1 Overview
9.1.1 Europe: Recycled Ocean Plastics Market, by Key Country
9.1.1.1 Germany: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.2 Germany: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
9.1.1.2.1 Germany: Recycled Ocean Plastics Market, by Resin Type
9.1.1.2.2 Germany: Recycled Ocean Plastics Market, by Resin Type
9.1.1.2.3 Germany: Recycled Ocean Plastics Market, by Application
9.1.1.3 France: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.4 France: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
9.1.1.4.1 France: Recycled Ocean Plastics Market, by Resin Type
9.1.1.4.2 France: Recycled Ocean Plastics Market, by Resin Type
9.1.1.4.3 France: Recycled Ocean Plastics Market, by Application
9.1.1.5 Italy: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.6 Italy: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
9.1.1.6.1 Italy: Recycled Ocean Plastics Market, by Resin Type
9.1.1.6.2 Italy: Recycled Ocean Plastics Market, by Resin Type
9.1.1.6.3 Italy: Recycled Ocean Plastics Market, by Application
9.1.1.7 UK: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.8 UK: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
9.1.1.8.1 UK: Recycled Ocean Plastics Market, by Resin Type
9.1.1.8.2 UK: Recycled Ocean Plastics Market, by Resin Type
9.1.1.8.3 UK: Recycled Ocean Plastics Market, by Application
9.1.1.9 Russia: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.10 Russia: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
9.1.1.10.1 Russia: Recycled Ocean Plastics Market, by Resin Type
9.1.1.10.2 Russia: Recycled Ocean Plastics Market, by Resin Type
9.1.1.10.3 Russia: Recycled Ocean Plastics Market, by Application
9.1.1.11 Rest of Europe: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.12 Rest of Europe: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.12.1 Rest of Europe: Recycled Ocean Plastics Market, by Resin Type
9.1.1.12.2 Rest of Europe: Recycled Ocean Plastics Market, by Resin Type
9.1.1.12.3 Rest of Europe: Recycled Ocean Plastics Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Product Launch
10.3 Mergers & acquisition
10.4 Collaboration
10.5 Other Business Strategies
11. Company Profiles
11.1 Tide Ocean SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Oceanworks
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Textil Santanderina
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Aquafil S.p.A.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Unifi, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SABIC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Waste2Wear
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 OceanYarn
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Table 3. Germany Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 5. Germany Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. France Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. France Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 8. France Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 11. Italy Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. UK Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 14. UK Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Recycled Ocean Plastics Market, by Resin Type- Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Recycled Ocean Plastics Market, by Resin Type- Volume and Forecast to 2028 (Kilo Tons)
Table 17. Russia: Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 20. Rest of Europe Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Recycled Ocean Plastics Market Segmentation
Figure 2. Europe Recycled Ocean Plastics Market Segmentation - By Country
Figure 3. Europe Recycled Ocean Plastics Market Overview
Figure 4. Europe Recycled Ocean Plastics Market, By Resin Type
Figure 5. Europe Recycled Ocean Plastics Market, By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Recycled Ocean Plastics Market, Ecosystem
Figure 9. Europe Recycled Ocean Plastics Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 12. Europe Recycled Ocean Plastics Market Breakdown, by Resin Type, 2021 & 2028
Figure 13. Polyethylene Terephthalate: Europe Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Polyethylene Terephthalate: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Polyethylene: Europe Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Polyethylene: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Polypropylene: Europe Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Polypropylene: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Polystyrene: Europe Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Polystyrene: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Europe Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 22. Others: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Recycled Ocean Plastics Market Breakdown, by Applications, 2021 & 2028
Figure 24. Apparel: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Footwear: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Bags and Luggage: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Construction Material: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Europe Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe: Recycled Ocean Plastics Market, by Key Country - Revenue (2021) (US$ 'Million)
Figure 30. Europe: Recycled Ocean Plastics Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Germany: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
Figure 32. Germany: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
Figure 33. France: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
Figure 34. France: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
Figure 35. Italy: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
Figure 36. Italy: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
Figure 37. UK: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
Figure 38. UK: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Russia: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Recycled Ocean Plastics Market- Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Rest of Europe: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of Europe: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
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