The Business Research Company's Sustainable Manufacturing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
The sustainable manufacturing market has expanded quickly, projected to grow from $170.05 billion in 2023 to $189.11 billion in 2024 at an 11.2% CAGR. Growth factors include a shift toward decarbonization, environmental regulations, cost savings, brand reputation, and rising awareness.
What Is the Projected Market Size of the Global Sustainable Manufacturing Market and Its Growth Rate?
The sustainable manufacturing market size is expected to grow, reaching $292.35 billion by 2028 at a CAGR of 11.5%. Growth is supported by efficient manufacturing, industrialization, sustainable packaging, the circular economy, and investments. Trends include advancements in electrolyzer technology, green innovations, recycling technologies, and waste reduction.
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What are the Key Drivers Fueling Growth in the Sustainable Manufacturing Market?
Consumer demand for eco-friendly products is anticipated to drive the sustainable manufacturing global market. Environmental awareness, a preference for reduced personal carbon footprints, and sustainably produced goods drive this demand. Sustainable manufacturing meets eco-friendly product demand by reducing environmental impact through responsible practices that minimize waste, conserve resources, and maintain environmental responsibility throughout production.
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Who Are the Key Players Driving Growth in the Sustainable Manufacturing Market?
Major companies operating in the 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.
What Are The Emerging Trends Shaping The Growth Of The Sustainable Manufacturing Market?
Companies in the sustainable manufacturing industry are advancing products like green briquettes, which promote energy efficiency and provide eco-friendly alternatives to traditional fuels. Made from biomass materials, green briquettes serve as sustainable fuel options with reduced emissions.
What Are the Segments of the Global Sustainable Manufacturing Market?
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
Geographic Overview: North America at the Helm of the Sustainable Manufacturing Market
North America was the largest region in the sustainable manufacturing global market in 2023. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is The Sustainable Manufacturing Market Defined?
Sustainable manufacturing involves producing goods through processes that reduce environmental impact, conserve resources, and prioritize safety for workers, communities, and consumers, with a focus on reducing waste and enhancing sustainability.
The Sustainable Manufacturing Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Sustainable Manufacturing Market Report: Trends, Opportunities, Strategies, and More
The Sustainable Manufacturing Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into sustainable manufacturing market size, sustainable manufacturing market drivers and trends, sustainable manufacturing global market major players, sustainable manufacturing competitors' revenues, sustainable manufacturing global market positioning, and sustainable manufacturing market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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