South America 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 SAM recycled ocean plastics market is expected to grow from US$ 629.75 million in 2022 to US$ 893.30 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Emerging Applications of Recycled Ocean Plastics in Food Packaging is Fueling the SAM 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, thereby driving the SAM recycled ocean plastics market .

SAM Recycled Ocean Plastics Market Overview

The changing economic condition in SAM, owing to the growth of fashion, construction, and other industries, provides significant growth prospects for the SAM recycled ocean plastics market. The growing demand for cement, concrete, and fences from the construction and infrastructure industries, owing to the increase in the construction of residential and commercial buildings, airports, bridges, highways, and roadways, is expected to boost the demand for recycled ocean plastics over the coming years. Furthermore, the increase in population has led to a rise in the consumption of sustainable products, which will fuel the demand for packaging and positively impact Brazil and Argentina's recycled ocean plastics market. The region has witnessed significant economic development in the past few years, leading to improving lifestyles of people and rising spending capacity of consumers. This has led to a switch in consumer preference towards recycled fashion.

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

SAM Recycled Ocean Plastics Market Segmentation

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

Based on resin type, the SAM 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 SAM 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 SAM recycled ocean plastics market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.

Aquafil S.p.A.; BIONIC; Oceanworks; SABIC; Textil Santanderina; Unifi, Inc.; and Waste2Wear are the leading companies operating in the SAM 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 SAM 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 SAM 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 SAM 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: BMIRE00027976

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. SAM 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. SAM 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
- 5.4.2
5.5 Impact Analysis of Drivers and Restraints

6. Recycled Ocean Plastics Market - SAM Analysis

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

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

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

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

9.1 Overview
- 9.1.1 SAM: Recycled Ocean Plastics Market, by Key Country
  - 9.1.1.1 Brazil: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.2 Brazil: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.2.1 Brazil: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.2.2 Brazil: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.2.3 Brazil: Recycled Ocean Plastics Market, by Application
  - 9.1.1.3 Argentina: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.4 Argentina: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.4.1 Argentina: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.4.2 Argentina: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.4.3 Argentina: Recycled Ocean Plastics Market, by Application
  - 9.1.1.5 Rest of SAM: Recycled Ocean Plastics Market -Revenue and Forecast to 2028 (US$ Million)
  - 9.1.1.6 Rest of SAM: Recycled Ocean Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
    - 9.1.1.6.1 Rest of SAM: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.6.2 Rest of SAM: Recycled Ocean Plastics Market, by Resin Type
    - 9.1.1.6.3 Rest of SAM: 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 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

12. Appendix

12.1 About The Insight Partners
12.2 Word Index