Recycled Ocean Plastics Market Analysis

The market is segmented by source, resin type, and by end-user out of which the end-user segment is further categorized into consumer products, building & construction products, packaging, automotive, healthcare, textiles, and others. The packaging segment is anticipated to hold the largest market share in the global recycled ocean plastics market over the forecast period owing to rapid industrialization and increasing use of plastics to protect the product from harsh conditions.

On the basis of resin type, the market is segmented into polyethylene terephthalate, high-density polyethylene, low-density polyethylene, polypropylene, polystyrene, polyvinyl chloride, polycarbonate, polyurethane, and others. Presently, polyethylene terephthalate accounts for the majority of the market share and it will continue to hold a large share in the global recycled ocean plastic market during the forecast period owing to its extensive use in the manufacturing of shoes, containers, luggage, and automobile parts, among others.

On the other hand, based on the source, plastic bottles are projected to lead the global recycled ocean plastic market during the forecast period. This is attributed to its intensive applications in industries such as storing carbonated drinks, medicines, oils, and others. 

Our in-depth analysis of the global market includes the following segments