Asia-Pacific 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)  

BMIRE00027909 | Pages: 137 | Chemicals and Materials | Jan 2023 | Type: Regional | Status: Published

The Asia- Pacific recycled ocean plastics market is expected to grow from US$ 7,164.44 million in 2022 to US$ 12,144.16 million by 2028. It is estimated to grow at a CAGR of 9.2% from 2022 to 2028.

Rising Trend of Sustainable Clothing is Driving the Asia-Pacific Recycled Ocean Plastics Market

 

Sustainability is increasingly gaining ground across the fashion industry with many clothing brands taking conscious decisions to produce apparel using processes that have a minimum environmental impact. According to The Ellen MacArthur Foundation, 55% of clothes are made of virgin polyester and other polymers. Virgin polymers are derived from fossil fuels, which contribute to significant greenhouse gas emissions. Therefore, apparel manufacturers are increasingly switching from virgin polymers to recycled materials to reduce their overall environmental footprint in line with their corporate social responsibility (CSR) goals, thereby encouraging a significant social change. Clothing brands are using recycled ocean plastics to design sustainable clothing, which is helping the brands to boost their revenues and enhance their brand image. For instance, Fair Harbor offers men’s and women’s clothes made using plastic bottles collected and recycled from waterways. Thus, the rising trend of sustainable clothing is expected to drive the Asia-Pacific recycled ocean plastics market.  

 

Asia pacific Recycled Ocean Plastics Market Overview

 

The demand for recycled ocean plastic in Asia-Pacific is expected to grow significantly during the studied forecast period. China and India are among the world's fastest-growing populations. With a growing population, the footwear, packaging, and construction industries are developing rapidly in Asia-Pacific. The recycled ocean plastics market in Asia-Pacific has witnessed notable growth in the footwear & apparel industry, owing to the rapidly expanding fashion industry, increasing population, and rising consumer awareness about sustainable packaging solutions across the region. The growing initiatives taken by the regional manufacturers in reducing carbon footprint by producing eco-friendly products is also a key driving factor. For instance, Covestro, Huafeng, and Cyclone have jointly developed a solution to produce high-quality sports shoes sustainably.  Most of the countries in Asia-Pacific are in the developing phase, and the construction business in these countries has a lot of potential. Construction is an essential industry that contributes significantly to a country's economic progress. The rise in urbanization has led to increased construction activities for residential purposes. Recycled ocean plastics are used in the construction industry for developing roads, in architecture such as in facade designing, as a material for doors and windows, roof designing, etc. The significant contribution of recycled ocean plastics in footwear, apparel, and construction industries is fueling the Asia-Pacific recycled ocean plastics market.    

 

Asia pacific Recycled Ocean Plastics Market Revenue and Forecast to 2028 (US$ Million)

APAC Recycled Ocean Plastics Market Revenue and Forecast to 2028 (US$ Million)

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Asia Pacific Recycled Ocean Plastics Market Segmentation   

The Asia-Pacific recycled ocean plastics market is segmented based on resin type, application, and country.

 

Based on resin type, the Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific recycled ocean plastics market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific. Our regional analysis states that China dominated the market share in 2022.          

 

Aquafil S.p.A.; BIONIC; Oceanworks; SABIC; Textil Santanderina; Tide Ocean SA; Unifi, Inc.; and Waste2Wear are the leading companies operating in the Asia-Pacific recycled ocean plastics market.

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.           Asia-Pacific 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.           Asia-Pacific Recycled Ocean Plastics Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Launch of Products Made from Recycled Ocean Plastics

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 – Asia-Pacific Analysis

6.1         Asia-Pacific Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

6.2         Asia-Pacific Recycled Ocean Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.           Asia-Pacific Recycled Ocean Plastics Market Analysis – By Resin Type

7.1         Overview

7.2         Asia-Pacific 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.           Asia-Pacific Recycled Ocean Plastics Market Analysis – By Application

8.1         Overview

8.2         Asia-Pacific 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.           Asia-Pacific Recycled Ocean Plastics Market – Country Analysis

9.1         Overview

9.1.1        Asia-Pacific: Recycled Ocean Plastics Market, by Key Country

9.1.1.1          Australia: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2          Australia: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

9.1.1.2.1          Australia: Recycled Ocean Plastics Market, by Resin Type

9.1.1.2.2          Australia: Recycled Ocean Plastics Market, by Resin Type

9.1.1.2.3          Australia: Recycled Ocean Plastics Market, by Application

9.1.1.3          China: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4          China: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

9.1.1.4.1          China: Recycled Ocean Plastics Market, by Resin Type

9.1.1.4.2          China: Recycled Ocean Plastics Market, by Resin Type

9.1.1.4.3          China: Recycled Ocean Plastics Market, by Application

9.1.1.5          India: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.6          India: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

9.1.1.6.1          India: Recycled Ocean Plastics Market, by Resin Type

9.1.1.6.2          India: Recycled Ocean Plastics Market, by Resin Type

9.1.1.6.3          India: Recycled Ocean Plastics Market, by Application

9.1.1.7          Japan: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.8          Japan: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

9.1.1.8.1          Japan: Recycled Ocean Plastics Market, by Resin Type

9.1.1.8.2          Japan: Recycled Ocean Plastics Market, by Resin Type

9.1.1.8.3          Japan: Recycled Ocean Plastics Market, by Application

9.1.1.9          South Korea: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.10       South Korea: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

9.1.1.10.1       South Korea: Recycled Ocean Plastics Market, by Resin Type

9.1.1.10.2       South Korea: Recycled Ocean Plastics Market, by Resin Type

9.1.1.10.3       South Korea: Recycled Ocean Plastics Market, by Application

9.1.1.11       Rest of Asia-Pacific: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.12       Rest of Asia-Pacific: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

9.1.1.12.1       Rest of Asia-Pacific: Recycled Ocean Plastics Market, by Resin Type

9.1.1.12.2       Rest of Asia-Pacific: Recycled Ocean Plastics Market, by Resin Type

9.1.1.12.3       Rest of Asia-Pacific: 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      BIONIC

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      Tide Ocean SA

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      Oceanworks

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      Textil Santanderina

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      Aquafil S.p.A.

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      Unifi, Inc.

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      SABIC

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      Waste2Wear

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.             Asia-Pacific Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Asia-Pacific Recycled Ocean Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

Table 3.             Australia Recycled Ocean Plastics Market, by Resin Type– Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia Recycled Ocean Plastics Market, by Resin Type– Volume and Forecast to 2028 (Kilo Tons)

Table 5.             Australia Recycled Ocean Plastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             China Recycled Ocean Plastics Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             China Recycled Ocean Plastics Market, by Resin Type – Volume and Forecast to 2028 (Kilo Tons)

Table 8.             China Recycled Ocean Plastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9.             India Recycled Ocean Plastics Market, by Resin Type –Revenue and Forecast to 2028 (US$ Million)

Table 10.          India Recycled Ocean Plastics Market, by Resin Type – Volume and Forecast to 2028 (Kilo Tons)

Table 11.          India Recycled Ocean Plastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Japan Recycled Ocean Plastics Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Japan Recycled Ocean Plastics Market, by Resin Type – Volume and Forecast to 2028 (Kilo Tons)

Table 14.          Japan Recycled Ocean Plastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 15.          South Korea Recycled Ocean Plastics Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          South Korea Recycled Ocean Plastics Market, by Resin Type – Volume and Forecast to 2028 (Kilo Tons)

Table 17.          South Korea Recycled Ocean Plastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Asia-Pacific Recycled Ocean Plastics Market, by Resin Type –Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Asia-Pacific Recycled Ocean Plastics Market, by Resin Type – Volume and Forecast to 2028 (Kilo Tons)

Table 20.          Rest of Asia-Pacific Recycled Ocean Plastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Asia-Pacific Recycled Ocean Plastics Market Segmentation

Figure 2.           Asia-Pacific Recycled Ocean Plastics Market Segmentation – By Country

Figure 3.           Asia-Pacific Recycled Ocean Plastics Market Overview

Figure 4.           Asia-Pacific Recycled Ocean Plastics Market, By Resin Type

Figure 5.           Asia-Pacific Recycled Ocean Plastics Market, By Country

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           Asia-Pacific Recycled Ocean Plastics Market, Ecosystem

Figure 9.           Asia-Pacific Recycled Ocean Plastics Market Impact Analysis of Drivers and Restraints

Figure 10.        Asia-Pacific: Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Asia-Pacific: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 12.        Asia-Pacific Recycled Ocean Plastics Market Breakdown, by Resin Type, 2021 & 2028

Figure 13.        Polyethylene Terephthalate: Asia-Pacific Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

Figure 14.        Polyethylene Terephthalate: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Polyethylene: Asia-Pacific Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

Figure 16.        Polyethylene: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Polypropylene: Asia-Pacific Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

Figure 18.        Polypropylene: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Polystyrene: Asia-Pacific Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

Figure 20.        Polystyrene: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Others: Asia-Pacific Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

Figure 22.        Others: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Asia-Pacific Recycled Ocean Plastics Market Breakdown, by Applications, 2021 & 2028

Figure 24.        Apparel: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Footwear: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Bags and Luggage: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Construction Material: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Others: Asia-Pacific Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Asia-Pacific: Recycled Ocean Plastics Market, by Key Country – Revenue (2021) (US$ ‘Million)

Figure 30.        Asia-Pacific: Recycled Ocean Plastics Market Revenue Share, by Key Country (2021 and 2028)

Figure 31.        Australia: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Australia: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 33.        China: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Figure 34.        China: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 35.        India: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Figure 36.        India: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 37.        Japan: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38.        Japan: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 39.        South Korea: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40.        South Korea: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 41.        Rest of Asia-Pacific: Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Figure 42.          Rest of Asia-Pacific: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

  1. Aquafil S.p.A.
  2. BIONIC
  3. Oceanworks
  4. SABIC
  5. Textil Santanderina
  6. Tide Ocean SA
  7. Unifi, Inc.   
  8. Waste2Wear
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia-Pacific recycled ocean plastics market.        
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific recycled ocean plastics market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the recycled ocean plastics market, as well as those hindering it 
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  

 

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