The Global Marine Plastic Recycling Market was valued at USD 291 Million in 2024 and is projected to reach USD 410 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period (2024-2032). This expansion is driven by stringent environmental regulations, growing corporate sustainability commitments, and technological advancements in waste collection and processing infrastructure.
With over 11 million metric tons of plastic entering oceans annually, innovative companies are transforming this environmental crisis into economic opportunities. Below we analyze the Top 10 Companies in the Marine Plastic Recycling Industry that are developing scalable solutions to recover plastic waste from marine ecosystems.
1. Veolia Environnement S.A.
Headquarters: Paris, France
Key Offering: Integrated marine waste management solutions
As a global leader in environmental services, Veolia operates extensive marine plastic collection networks using specialized vessels and shoreline cleanup technologies. The company processes recovered plastics into recycled polymers for industrial applications.
Sustainability Initiatives:
- Manages 50+ plastic recycling facilities worldwide
- Pioneered proprietary marine debris sorting systems
- Committed to tripling plastic recycling volumes by 2030
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2. The Ocean Cleanup
Headquarters: Rotterdam, Netherlands
Key Offering: Advanced plastic interception technologies
This non-profit organization develops cutting-edge solutions like the Interceptor™ river cleanup system and ocean collection arrays, having removed millions of kilograms of plastic from marine environments.
Sustainability Initiatives:
- Operates in 9 countries across Asia and North America
- Developing circular economy models for recovered plastics
3. Plastic Bank
Headquarters: Vancouver, Canada
Key Offering: Blockchain-based waste collection ecosystem
Plastic Bank’s innovative platform incentivizes coastal communities to collect marine plastic in exchange for digital tokens redeemable for goods and services, with collected material processed into Social Plastic™.
Sustainability Initiatives:
- Operations in Indonesia, Brazil, Philippines and Egypt
- Prevented over 35 million kg of plastic entering oceans
4. 4ocean
Headquarters: Boca Raton, Florida, USA
Key Offering: Full-cycle plastic recovery and manufacturing
4ocean funds large-scale cleanup operations through product sales, employing hundreds of crew members and operating specialized processing facilities globally.
Sustainability Initiatives:
- Removed 30+ million pounds of ocean waste since 2017
- Vertically integrated recycling operations
Download FREE Sample Report: Marine Plastic Recycling Market – View in Detailed Research Report
5. Bantam Materials UK Ltd. (Plastic for Change)
Headquarters: London, United Kingdom
Key Offering: Fair trade certified recycled materials
The company sources ocean plastics from developing nations while ensuring fair wages and safe conditions, providing premium recycled material to global brands.
Sustainability Initiatives:
- Supports 10,000+ waste collectors
- Implements rigorous ethical sourcing standards
6. Ocean Material
Headquarters: Santa Barbara, California, USA
Key Offering: High-performance recycled plastic pellets
Specializing in transforming marine plastic waste into technical-grade materials, Ocean Material’s proprietary processes remove contaminants to produce food-safe recycled polymers.
Sustainability Initiatives:
- Patented cleaning and processing technologies
- Full supply chain traceability
7. Plastic Fischer
Headquarters: Stuttgart, Germany
Key Offering: Low-cost river plastic collection systems
The company designs affordable floating barriers and collection solutions for developing nations, preventing plastic from reaching ocean environments.
Sustainability Initiatives:
- Operations in 5 Asian countries
- Removes 10,000+ kg of plastic daily
8. ReSea Project
Headquarters: Copenhagen, Denmark
Key Offering: Verified marine plastic recovery services
ReSea’s cleanup projects feature blockchain-verified collection data, allowing companies to sponsor specific cleanup amounts with certified documentation.
Sustainability Initiatives:
- DNV GL-certified collection processes
- Creates local employment opportunities
9. Waterhaul
Headquarters: Cornwall, United Kingdom
Key Offering: Premium products from recycled fishing gear
Waterhaul transforms discarded fishing nets and ropes into high-quality eyewear frames and industrial materials through closed-loop manufacturing.
Sustainability Initiatives:
- Diverted 50+ tons of fishing gear from oceans
- Direct partnerships with fishing communities
10. Aker Biomarine
Headquarters: Oslo, Norway
Key Offering: Integrated fishing and plastic recovery
The krill fishing company utilizes its vessels for concurrent marine plastic collection in remote areas, developing innovative methods for simultaneous sustainable operations.
Sustainability Initiatives:
- Recovered 1,000+ tons of ocean plastic since 2020
- Developing plastic-to-fuel conversion technologies
Read Full Report: Marine Plastic Recycling Market – View in Detailed Research Report
Outlook: The Future of Marine Plastic Recycling
The marine plastic recycling sector stands at an inflection point, with growing regulatory pressure and consumer demand driving innovation across collection, processing, and end-use applications.
Key Market Trends:
- Emergence of AI-powered sorting systems for contaminated plastics
- Corporate funding for large-scale cleanup initiatives
- Government incentives for circular economy models
Read Full Report: Marine Plastic Recycling Market – View in Detailed Research Report
These industry leaders demonstrate how environmental stewardship can coexist with economic viability, pioneering new approaches to ocean conservation through innovative recycling solutions.
