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)
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.
Favorable Initiatives from Governments and Non-profit Organizations is Fueling 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)
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)
- Aquafil S.p.A.
- BIONIC
- Envision Plastics
- Oceanworks
- SABIC
- Textil Santanderina
- Tide Ocean SA
- Unifi, Inc.
- Waste2Wear
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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