North America 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)

Code: BMIRE00027960 | Pages: 121 | Industry: Chemicals and Materials | Date: Jan 2023 | Type: Regional

The North America recycled ocean plastics market is expected to grow from US$ 2,546.14 million in 2022 to US$ 4,029.99 million by 2028. It is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

 

Favourable Initiatives from Governments and Non-profit Organizations is Fuelling the North America Recycled Ocean Plastics Market

Many governments and nonprofit organizations are taking initiatives to scale up the recycling of plastic waste that ends up in oceans and landfills. These initiatives are meant to promote environmental sustainability and minimize the overall carbon footprints. Further, governments are implementing favorable regulations that promote the use of products made from recycled ocean plastics. In November 2020, the US International Development Finance Corporation (DFC) invested US$ 2.5 billion to develop infrastructure to reduce and recycle plastic waste & debris in oceans and waterways. Through this initiative, the DFC will provide funding to small businesses in developing countries and boost investments to increase the current plastics recycling rate. Such government regulations are bolstering the North America recycled ocean plastics market.  

 

North America Recycled Ocean Plastics Market Overview

 

The rising awareness about reducing plastic waste and lowering carbon emissions has fueled the demand for recycled ocean plastics in footwear and apparel production in North America. The increasing footwear production in the region will create lucrative opportunities for recycled ocean plastics. In North America, the apparel, fashion, and beauty industry generate approximately US$ 600 billion in annual revenue and employs more than four million people in 2020. Furthermore, the growing number of gymnasiums, fitness clubs, and yoga centers selling customized products such as hoodies, joggers, and shoes is contributing to market growth. The development in the packaging industry in the region is another major factor boosting the demand for recycled ocean plastics. Rapidly expanding food retail sector, significant demand for packaged food, rising inclination towards sustainability, and growth of e-commerce and online delivery platforms is expected to boost the demand for recycled plastic films and containers used by the food & beverages industry, thereby propelling the North America recycled ocean plastics market growth.    

 

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

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

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North America Recycled Ocean Plastics Market Segmentation   

The North America recycled ocean plastics market is segmented based on resin type, application, and country.

 

Based on resin type, the North America 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 North America 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 North America recycled ocean plastics market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US dominated the market share in 2022. 

 

Aquafil S.p.A.; BIONIC; Envision Plastics; Oceanworks; SABIC; Textil Santanderina; Tide Ocean SA; Unifi, Inc.; and Waste2Wear are the leading companies operating in the North America 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.           North America 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.           North America 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        Favourable 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 – North America Analysis

6.1         North America Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

6.2         North America Recycled Ocean Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.           North America Recycled Ocean Plastics Market Analysis – By Resin Type

7.1         Overview

7.2         North America 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.           North America Recycled Ocean Plastics Market Analysis – By Application

8.1         Overview

8.2         North America 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.           North America Recycled Ocean Plastics Market – Country Analysis

9.1         Overview

9.1.1        North America: Recycled Ocean Plastics Market, by Key Country

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

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

9.1.1.2.1          US: Recycled Ocean Plastics Market, by Resin Type

9.1.1.2.2          US: Recycled Ocean Plastics Market, by Resin Type

9.1.1.2.3          US: Recycled Ocean Plastics Market, by Application

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

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

9.1.1.4.1          Canada: Recycled Ocean Plastics Market, by Resin Type

9.1.1.4.2          Canada: Recycled Ocean Plastics Market, by Resin Type

9.1.1.4.3          Canada: Recycled Ocean Plastics Market, by Application

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

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

9.1.1.6.1          Mexico: Recycled Ocean Plastics Market, by Resin Type

9.1.1.6.2          Mexico: Recycled Ocean Plastics Market, by Resin Type

9.1.1.6.3          Mexico: 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      Envision Plastics

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      Unifi, Inc.

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      SABIC

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

11.9      Waste2Wear

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

 

 

LIST OF TABLES

Table 1.             North America Recycled Ocean Plastics Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America Recycled Ocean Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

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

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

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

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

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

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

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

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

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

Table 12.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           North America Recycled Ocean Plastics Market Segmentation

Figure 2.           North America Recycled Ocean Plastics Market Segmentation – By Country

Figure 3.           North America Recycled Ocean Plastics Market Overview

Figure 4.           North America Recycled Ocean Plastics Market, By Resin Type

Figure 5.           North America Recycled Ocean Plastics Market, By Country

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           North America Recycled Ocean Plastics Market, Ecosystem

Figure 9.           North America Recycled Ocean Plastics Market Impact Analysis of Drivers and Restraints

Figure 10.        North America: Recycled Ocean Plastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America: Recycled Ocean Plastics Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 12.        North America Recycled Ocean Plastics Market Breakdown, by Resin Type, 2021 & 2028

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

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

Figure 15.        Polyethylene: North America Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

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

Figure 17.        Polypropylene: North America Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

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

Figure 19.        Polystyrene: North America Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

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

Figure 21.        Others: North America Recycled Ocean Plastics Market – Volume and Forecast To 2028 (Kilo Tons)

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

Figure 23.        North America Recycled Ocean Plastics Market Breakdown, by Applications, 2021 & 2028

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

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

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

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

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

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

Figure 30.        North America: Recycled Ocean Plastics Market Revenue Share, by Key Country (2021 and 2028)

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

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

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

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

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

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

  1. Aquafil S.p.A.
  2. BIONIC
  3. Envision Plastics
  4. Oceanworks
  5. SABIC
  6. Textil Santanderina
  7. Tide Ocean SA
  8. Unifi, Inc.
  9. Waste2Wear 
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