The APAC 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.
Aquafil S.p.A.; BIONIC; Oceanworks; SABIC; Textil Santanderina; Tide Ocean SA; Unifi, Inc.; and Waste2Wear are the leading companies operating in the APAC recycled ocean plastics market.
Rising Trend of Sustainable Clothing is Driving the APAC 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 APAC recycled ocean plastics market .APAC Recycled Ocean Plastics Market Overview
The demand for recycled ocean plastic in APAC 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 APAC. The recycled ocean plastics market in APAC 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 APAC 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 APAC recycled ocean plastics market.APAC Recycled Ocean Plastics Market Segmentation
The APAC recycled ocean plastics market is segmented based on resin type, application, and country.- Based on resin type, the APAC 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 APAC 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 APAC recycled ocean plastics market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of APAC. 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 APAC recycled ocean plastics market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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. APAC 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. APAC 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 - APAC Analysis
6.1 APAC Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
6.2 APAC Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7. APAC Recycled Ocean Plastics Market Analysis - By Resin Type
7.1 Overview
7.2 APAC 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. APAC Recycled Ocean Plastics Market Analysis - By Application
8.1 Overview
8.2 APAC 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. APAC Recycled Ocean Plastics Market - Country Analysis
9.1 Overview
9.1.1 APAC: 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 APAC: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.12 Rest of APAC: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.12.1 Rest of APAC: Recycled Ocean Plastics Market, by Resin Type
9.1.1.12.2 Rest of APAC: Recycled Ocean Plastics Market, by Resin Type
9.1.1.12.3 Rest of APAC: 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 Publisher
12.2 Word Index
Table 1. APAC Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC 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 APAC Recycled Ocean Plastics Market, by Resin Type -Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 20. Rest of APAC Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
Figure 1. APAC Recycled Ocean Plastics Market Segmentation
Figure 2. APAC Recycled Ocean Plastics Market Segmentation - By Country
Figure 3. APAC Recycled Ocean Plastics Market Overview
Figure 4. APAC Recycled Ocean Plastics Market, By Resin Type
Figure 5. APAC Recycled Ocean Plastics Market, By Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. APAC Recycled Ocean Plastics Market, Ecosystem
Figure 9. APAC Recycled Ocean Plastics Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 12. APAC Recycled Ocean Plastics Market Breakdown, by Resin Type, 2021 & 2028
Figure 13. Polyethylene Terephthalate: APAC Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Polyethylene Terephthalate: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Polyethylene: APAC Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Polyethylene: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Polypropylene: APAC Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Polypropylene: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Polystyrene: APAC Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Polystyrene: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: APAC Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 22. Others: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Recycled Ocean Plastics Market Breakdown, by Applications, 2021 & 2028
Figure 24. Apparel: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Footwear: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Bags and Luggage: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Construction Material: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: APAC Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC: Recycled Ocean Plastics Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 30. APAC: 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 APAC: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of APAC: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aquafil S.p.A.
- BIONIC
- Oceanworks
- SABIC
- Textil Santanderina
- Tide Ocean SA
- Unifi, Inc.
- Waste2Wear
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 7164.44 Million |
| Forecasted Market Value ( USD | $ 12144.16 Million |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Asia Pacific |
