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Sustainable Manufacturing Market Landscape 2025: Forecast Data and Growth Strategy Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Sustainable Manufacturing Market Through 2025?
The size of the sustainable manufacturing market has seen a swift expansion in the last few years. The market will rise from a worth of $189.11 billion in 2024 to $210.03 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.1%. The earlier growth phase can be linked to a move towards decarbonization, stricter environmental rules, heightened awareness, saving costs, and bolstering brand reputation.
What's the Projected Size of the Global Sustainable Manufacturing Market by 2029?
The market size for sustainable manufacturing is anticipated to experience swift expansion in the forthcoming years, with projections indicating it will reach $322.41 billion in 2029, expanding with a compound annual growth rate (CAGR) of 11.3%. This expansion during the forecast period is due to resource-conserving manufacturing procedures, industrialization, advancement in sustainable packaging, an amplified emphasis on the circular economy and escalated investments. The forecast period will also see key trends such as advancements in electrolyzer technology, novel technological innovations, progress in green technologies, evolutionary advances in recycling technologies and processes reducing waste.
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Top Growth Drivers in the Sustainable Manufacturing Industry: What's Accelerating the Market?
The sustainable manufacturing market is set to be propelled by increased consumer demand for eco-friendly items. This surge in demand is largely due to the growing consciousness of environmental issues, a desire to minimize personal carbon emissions, and an increasing inclination towards ethically produced and sustainable goods. Eco-friendly products' customer demand is supported by sustainable manufacturing, which ensures environmentally responsible production practices, waste reduction, resource conservation, and environmental impact minimisation throughout production. For example, the National Association of Convenience Stores, a US-based association representing the convenience and fuel retailing sector, reported in their April 2024 survey that 80% of customers are either highly or somewhat worried about their purchases' environmental ramifications, an increase from 68% in 2023 and 66% in 2022. Additionally, a notable 65% of Americans stated a readiness to pay a higher price for gasoline if stations offered carbon-offsetting alternatives. Consequently, the demand for eco-friendly products from consumers will stimulate the expansion of the sustainable manufacturing sector.
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What Trends Will Shape the Sustainable Manufacturing Market Through 2029 and Beyond?
Leading businesses in the sustainable manufacturing market are concentrating on coming up with new products like green briquettes, which encourage energy efficiency and provide environmentally-friendly substitutes to conventional fuel sources, fostering a greener and more sustainable industrial process. Green briquettes are compact blocks created from biomass substances, such as agricultural byproducts and organic waste, intended to act as low-emission, sustainable fuel substitutes in place of traditional fossil fuels. As an illustration, Runaya Group, a firm based in India with a sustainable and innovative approach, introduced RubiQ and RucaL Green in December 2022, both comprised of green briquettes made entirely from compacted organic substances, devised to offer a sustainable fuel substitute that lowers carbon emissions. These products bolster sustainable manufacturing methods by making use of waste materials, furthering resource efficiency, and aiding in the formation of a circular economy. This initiative is in line with the increasing demand for green energy solutions across various sectors, improving overall environmental performance.
What Are the Main Segments in the Sustainable Manufacturing Market?
The sustainable manufacturingmarket covered in this report is segmented -
1) By Offering: Recycled Lithium Ion Battery, Water Reuse And Recycling, Recycled Plastics, Green Hydrogen, Recycled Steel, Recycled Aluminum, Recycled Carbon Fiber, Bioplastics And Biopolymers, Natural Fiber Composites
2) By Enterprise Type: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Applications: Automotive, Energy, Electrical And Electronics, Packaging, Building And Construction, Marine, Aerospace, Power, Chemicals, Other Applications
Subsegments:
1) By Recycled Lithium-Ion Battery: Reclaimed Lithium, Recycled Cobalt, Recycled Nickel, Battery Pack Recycling
2) By Water Reuse And Recycling: Industrial Water Reuse, Municipal Water Recycling, Desalination Technologies, Greywater Reuse Systems
3) By Recycled Plastics: Post-Consumer Recycled Plastics, Post-Industrial Recycled Plastics, Biodegradable Plastics, Plastic Lumber
4) By Green Hydrogen: Electrolytic Hydrogen Production, Biomass Gasification, Hydrogen From Natural Gas With Carbon Capture, Storage And Transportation Solutions
5) By Recycled Steel: Scra*p Steel Processing, Steel Re-Melting And Recasting, Upcycled Steel Products
6) By Recycled Aluminum: Post-Consumer Aluminum Recycling, Post-Industrial Aluminum Recycling, Aluminum Remelting Processes
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Which Top Companies are Driving Growth in the Sustainable Manufacturing Market?
Major companies operating in the sustainable manufacturing market are ArcelorMittal S.A., Siemens AG, Unilever PLC, Panasonic Holdings Corporation, Caterpillar Inc., Dow Inc., Veolia Environnement S.A., Schneider Electric SE, Honeywell International Inc., 3M Company, ABB Ltd., Umicore S.A., Braskem S.A., Indorama Ventures Public Company Limited, Novelis Inc., Vestas Wind Systems A/S, Berry Global Group Inc., Biffa plc, European Metal Recycling Ltd., Unifi Inc., Manufacturing Technology Centre Limited, NatureWorks LLC, Cirba Solutions LLC
Which Regions Will Dominate the Sustainable Manufacturing Market Through 2029?
North America was the largest region in the sustainable manufacturing market in 2024. The regions covered in the sustainable manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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