The MEA recycled ocean plastics market is expected to grow from US$ 905.82 million in 2022 to US$ 1,332.59 million by 2028. It is estimated to grow at a CAGR of 6.6% from 2022 to 2028.
Aquafil S.p.A.; Oceanworks; SABIC; Textil Santanderina; Unifi, Inc.; and Waste2Wear are the leading companies operating in the MEA recycled ocean plastics market.
Emerging Applications of Recycled Ocean Plastics in Food Packaging is Fueling the MEA Recycled Ocean Plastics Market
Packaging plays a critical role in ensuring food safety. Food packaging material acts as a barrier against oxygen, moisture, bacteria, and pathogens, protecting the contamination of food. The food packaging industry presents lucrative opportunities for recycled ocean plastic companies owing to increasing concerns related to environmental sustainability and plastic waste. Earlier, there were quality and safety concerns related to the use of recycled ocean plastics in food packaging as these materials contain toxic chemicals that can deteriorate food quality after coming in direct contact. However, harnessing technological advancements, manufacturers of recycled ocean plastics have begun offering food-grade ocean plastic materials in recent years. Oceanworks, one of the prominent manufacturers of recycled ocean plastics, offers food-grade recycled ocean plastic resins such as polyethylene terephthalate (PET), high-density polyethylene (HDPE), and polypropylene (PP). Thus, recycled ocean plastics are witnessing strong demand from the food packaging industry, which offers lucrative opportunities to the manufacturers of recycled ocean plastics across the region, thereby driving the MEA recycled ocean plastics market .MEA Recycled Ocean Plastics Market Overview
The MEA recycled ocean plastics market is evolving for various industries, such as footwear, fashion apparel, and construction. Rising inclination towards sustainable production and increasing focus on reducing carbon emissions are improving the demand for recycled ocean plastics. Further, the increase in construction activities in the region is driving the recycled ocean plastic market. The construction industry is a major economic driver for the region. Recycled ocean plastic is a widely proposed alternative in developing construction products such as roofing solutions, concrete, and insulation. Additionally, it is a sustainable construction material that contributes immensely to environmental sustainability through recyclability and energy recovery options. The recycled ocean plastic market is also driven by local regulations related to reduction of carbon footprints by lowering the greenhouse effect. This regulation drives the demand for ecofriendly and sustainable products manufactured from recycled ocean plastics. Furthermore, the packaging market across the region is projected to register considerable growth, owing to the rising popularity of green packaging and the increasing focus on reducing environmental waste.MEA Recycled Ocean Plastics Market Segmentation
The MEA recycled ocean plastics market is segmented based on resin type, application, and country.- Based on resin type, the MEA 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 MEA 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 MEA recycled ocean plastics market has been categorized into the UAE, Saudi Arabia, South Africa, and rest of MEA. Our regional analysis states that the Rest of MEA dominated the market share in 2022.
Aquafil S.p.A.; Oceanworks; SABIC; Textil Santanderina; Unifi, Inc.; and Waste2Wear are the leading companies operating in the MEA 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. MEA 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. MEA 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 - MEA Analysis
6.1 MEA Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
6.2 MEA Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7. MEA Recycled Ocean Plastics Market Analysis - By Resin Type
7.1 Overview
7.2 MEA 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. MEA Recycled Ocean Plastics Market Analysis - By Application
8.1 Overview
8.2 MEA 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. MEA Recycled Ocean Plastics Market - Country Analysis
9.1 Overview
9.1.1 MEA: Recycled Ocean Plastics Market, by Key Country
9.1.1.1 South Africa: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2 South Africa: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
9.1.1.2.1 South Africa: Recycled Ocean Plastics Market, by Resin Type
9.1.1.2.2 South Africa: Recycled Ocean Plastics Market, by Resin Type
9.1.1.2.3 South Africa: Recycled Ocean Plastics Market, by Application
9.1.1.3 Saudi Arabia: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4 Saudi Arabia: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
9.1.1.4.1 Saudi Arabia: Recycled Ocean Plastics Market, by Resin Type
9.1.1.4.2 Saudi Arabia: Recycled Ocean Plastics Market, by Resin Type
9.1.1.4.3 Saudi Arabia: Recycled Ocean Plastics Market, by Application
9.1.1.5 UAE: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.6 UAE: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
9.1.1.6.1 UAE: Recycled Ocean Plastics Market, by Resin Type
9.1.1.6.2 UAE: Recycled Ocean Plastics Market, by Resin Type
9.1.1.6.3 UAE: Recycled Ocean Plastics Market, by Application
9.1.1.7 Rest of MEA: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.8 Rest of MEA: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
9.1.1.8.1 Rest of MEA: Recycled Ocean Plastics Market, by Resin Type
9.1.1.8.2 Rest of MEA: Recycled Ocean Plastics Market, by Resin Type
9.1.1.8.3 Rest of MEA: 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 Oceanworks
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 Textil Santanderina
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 Aquafil S.p.A.
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 Unifi, Inc.
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 SABIC
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 Waste2Wear
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
12. Appendix
12.1 About the Publisher
12.2 Word Index
Table 1. MEA Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Table 3. South Africa Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 5. South Africa Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 8. Saudi Arabia Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 11. UAE Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA Recycled Ocean Plastics Market, by Resin Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA Recycled Ocean Plastics Market, by Resin Type - Volume and Forecast to 2028 (Kilo Tons)
Table 14. Rest of MEA Recycled Ocean Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
Figure 1. MEA Recycled Ocean Plastics Market Segmentation
Figure 2. MEA Recycled Ocean Plastics Market Segmentation - By Country
Figure 3. MEA Recycled Ocean Plastics Market Overview
Figure 4. MEA Recycled Ocean Plastics Market, By Resin Type
Figure 5. MEA Recycled Ocean Plastics Market, By Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. MEA Recycled Ocean Plastics Market, Ecosystem
Figure 9. MEA Recycled Ocean Plastics Market Impact Analysis of Drivers and Restraints
Figure 10. MEA: Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 12. MEA Recycled Ocean Plastics Market Breakdown, by Resin Type, 2021 & 2028
Figure 13. Polyethylene Terephthalate: MEA Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Polyethylene Terephthalate: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Polyethylene: MEA Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Polyethylene: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Polypropylene: MEA Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Polypropylene: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Polystyrene: MEA Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Polystyrene: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: MEA Recycled Ocean Plastics Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 22. Others: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Recycled Ocean Plastics Market Breakdown, by Applications, 2021 & 2028
Figure 24. Apparel: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Footwear: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Bags and Luggage: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Construction Material: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: MEA Recycled Ocean Plastics Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA: Recycled Ocean Plastics Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 30. MEA: Recycled Ocean Plastics Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. South Africa: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Africa: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 33. Saudi Arabia: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Saudi Arabia: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 35. UAE: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. UAE: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 37. Rest of MEA: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of MEA: 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.
- Oceanworks
- SABIC
- Textil Santanderina
- Unifi, Inc.
- Waste2Wear
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 119 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 905.82 Million |
| Forecasted Market Value ( USD | $ 1332.59 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Africa, Middle East |
