Europe Recycled Ocean Plastics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Resin Type and Application (Footwear, Bags & Luggage, Apparel, Construction Materials, and Others)

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The Europe recycled ocean plastics market is expected to grow from US$ 3,186.76 million in 2022 to US$ 5,179.36 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Increasing Launch of Products Made from Recycled Ocean Plastics is Driving the Europe Recycled Ocean Plastics Market

Plastic pollution is a pressing challenge due to the significant threat it poses to living organisms. According to the statistics provided by Ocean Literacy Portal by United Nations Educational, Scientific and Cultural Organization; plastic waste accounts for ~80% of the total marine pollution. Moreover, these plastics get converted into microplastics, as they do not decompose. The volume of microplastics in the oceans is expected to surge significantly in the future. Nevertheless, the awareness regarding plastic pollution in oceans has increased in many countries, and governments and regulatory bodies are taking initiatives to recycle these plastics. Many companies are launching innovative and attractive products, such as footwear, handbags and wallets, sunglasses, and apparel, using recycled ocean plastics to achieve their sustainability goals and reduce their overall environmental footprints. Patagonic Inc. offers jackets made from 100% recycled nylon yarns obtained from discarded fishing nets. Similarly, Adidas has collaborated with Parley for the Oceans to design sneakers made with yarns obtained from recycled ocean plastics. The companies aim to use 100% recycled polyester in their products by 2024. Further, Microsoft, one of the leading technology companies, offers computer mice made from recycled ocean plastics. The shell of these mice contains 20% recycled ocean plastics, which marks a small initiative of the company toward its sustainability journey. Thus, many such companies are using recycled ocean plastics in their products to reduce their overall environmental plastic footprints, in line with the rising popularity of sustainable products. This is driving the growth of the Europe recycled ocean plastics market .

Europe Recycled Ocean Plastics Market Overview

The growing footwear & fashion industry in the region is driving Europe recycled ocean plastics market. The footwear industry is one of the most rapidly growing industries in the European economy. According to the Ministry of Foreign Affairs' Central Bureau of Investigation (CBI), Europe's sportswear imports are worth US$ 14.9 billion and grow 7.2% annually. The top import markets are Germany, France, Italy, Spain, the UK, and the Netherlands. The rise in the trend of sustainable footwear solutions to reduce carbon emissions is highly accepted by major footwear brands in Europe. On average, each pair of shoes has an environmental footprint of 10.6 kg CO2, of which 58% corresponds to manufacturing, 11% to assembly and finishing, 16% to packaging, 6% to distribution, and 9% to packaging and end-of-life. According to the European Commission, every year, the global environmental footprint of the footwear industry adds up to a total of 249.1 billion kg CO2, of which Europe accounts for ~10 billion kg CO2. In 2018, Germany-based sportswear brand "Adidas" produced more than five million pairs of shoes containing recycled ocean plastic waste.

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

Europe Recycled Ocean Plastics Market Segmentation

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

Based on resin type, the Europe 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 Europe 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 Europe recycled ocean plastics market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that rest of Europe dominated the market share in 2022.

Aquafil S.p.A.; Oceanworks; OceanYarn; SABIC; Textil Santanderina; Tide Ocean SA; Unifi, Inc.; and Waste2Wear are the leading companies operating in the Europe recycled ocean plastics market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe 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

Product Code: BMIRE00027924

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. Europe 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. Europe 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 Favorable 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 - Europe Analysis

6.1 Europe Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
6.2 Europe Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)

7. Europe Recycled Ocean Plastics Market Analysis - By Resin Type

7.1 Overview
7.2 Europe 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. Europe Recycled Ocean Plastics Market Analysis - By Application

8.1 Overview
8.2 Europe 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. Europe Recycled Ocean Plastics Market - Country Analysis

9.1 Overview
- 9.1.1 Europe: Recycled Ocean Plastics Market, by Key Country
  - 9.1.1.1 Germany: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.2 Germany: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.2.1 Germany: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.2.2 Germany: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.2.3 Germany: Recycled Ocean Plastics Market, by Application
  - 9.1.1.3 France: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.4 France: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.4.1 France: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.4.2 France: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.4.3 France: Recycled Ocean Plastics Market, by Application
  - 9.1.1.5 Italy: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.6 Italy: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.6.1 Italy: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.6.2 Italy: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.6.3 Italy: Recycled Ocean Plastics Market, by Application
  - 9.1.1.7 UK: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.8 UK: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.8.1 UK: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.8.2 UK: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.8.3 UK: Recycled Ocean Plastics Market, by Application
  - 9.1.1.9 Russia: Recycled Ocean Plastics Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.10 Russia: Recycled Ocean Plastics Market-Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.10.1 Russia: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.10.2 Russia: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.10.3 Russia: Recycled Ocean Plastics Market, by Application
  - 9.1.1.11 Rest of Europe: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.12 Rest of Europe: Recycled Ocean Plastics Market - Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.12.1 Rest of Europe: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.12.2 Rest of Europe: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.12.3 Rest of Europe: 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 Tide Ocean SA
- 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 Oceanworks
- 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 Textil Santanderina
- 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 Aquafil S.p.A.
- 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 Unifi, Inc.
- 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 SABIC
- 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 Waste2Wear
- 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 OceanYarn
- 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 Insight Partners
12.2 Word Index