Product Code: PM5048
The global sustainable manufacturing market size is expected to reach USD 491.99 billion by 2032, according to a new study by Polaris Market Research. The report "Sustainable Manufacturing Market Size, Share, Trends, Industry Analysis Report: By Offering, By Application, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The sustainable manufacturing market is growing due to more companies in different industries becoming aware of and embracing sustainability in production processes. Many businesses have identified the long-term advantages of sustainability, including cost-effectiveness through efficient resource use, improving brand recognition, and complying with strict regulations. As a result, companies are integrating sustainable methods into their operations more and more. This emphasis and acceptance of eco-friendly practices across a wide range of industries are propelling the global sustainable manufacturing market.
Corporate Social Responsibility (CSR) is further driving the sustainable manufacturing market as companies increasingly recognize the importance of environmental safekeeping and social accountability in their business practices. Companies are enhancing brand reputation and meeting stakeholder expectations to address regulatory requirements and mitigate environmental risks by integrating sustainability into their CSR strategies. Additionally, consumers and investors are becoming more principled, preferring to support companies that demonstrate efforts toward sustainability. This shift in market preferences is captivating manufacturers to innovate and implement eco-friendly processes and products. Consequently, CSR initiatives are promoting the growth of the sustainable manufacturing market.
The increased investment in green manufacturing processes is propelling the sustainable manufacturing market. Many companies are strategically allocating significant resources toward developing innovative manufacturing processes to minimize their environmental impact. As a result, private and public sector investments are fostering advancements in renewable energy, energy-efficient machinery, and waste-reduction processes, leading to the growth of the sustainable manufacturing market.
Sustainable Manufacturing Market Report Highlights
The recycled plastics segment held the largest revenue share in the sustainable manufacturing market due to the growing environmental consciousness among consumers and the heightened demand for goods manufactured from recycled materials, particularly plastics.
The sustainable manufacturing market is projected to experience substantial growth in the packaging segment, driven by rising consumer preferences for environment-friendly packaging solutions.
Sustainable manufacturing market in North America accounted for the largest revenue shares due to the burgeoning building and construction sector.
Sustainable manufacturing market in India is expected to experience significant growth due to proactive government initiatives and comprehensive policy frameworks focused on promoting a circular economy.
The global key market players are ACCUREC-Recycling GmbH; ArcelorMittal; Berry Global Inc.; Biffa, Braskem; Cirba Solutions; Dow; ECOBAT BATTERY; European Metal Recycling Ltd.; Indorama Ventures Public Company Limited; Manufacturing Technology Centre; NatureWorks LLC; Novelis (Hindalco Industries Limited); Procotex; Toshiba Energy Systems & Solutions Corporation; Umicore; UNIFI, Inc.; and Veolia.
Polaris Market Research has segmented the sustainable manufacturing market report based on offering, application, and region:
Sustainable Manufacturing - Offering Outlook (Revenue - USD billion, 2019 - 2032)
- Bioplastics and Biopolymers
- Green Hydrogen
- Natural Fibre Composites
- Recycled Aluminum
- Recycled Carbon Fibre
- Recycled Lithium Ion Battery
- Recycled Plastics
- Recycled Steel
- Water Reuse and Recycling
Sustainable Manufacturing - Application Outlook (Revenue - USD billion, 2019 - 2032)
- Aerospace
- Automotive
- Building and Construction
- Chemicals
- Electrical and Electronics
- Energy
- Marine
- Packaging
- Power
- Others
Sustainable Manufacturing - Regional Outlook (Revenue - USD billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of APAC
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of MEA
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Sustainable Manufacturing Market Insights
- 4.1. Sustainable Manufacturing Market - Market Snapshot
- 4.2. Sustainable Manufacturing Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing focus on circular economy is driving the market size
- 4.2.1.2. Government initiatives and regulations are driving the market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Supply chain issues is limiting the adoption of sustainable manufacturing
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Sustainable Manufacturing Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Sustainable Manufacturing Market, by Offering
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 5.3. Bioplastics and Biopolymers
- 5.3.1. Global Sustainable Manufacturing Market, by Bioplastics and Biopolymers, by Region, 2019-2032 (USD billion)
- 5.4. Green Hydrogen
- 5.4.1. Global Sustainable Manufacturing Market, by Green Hydrogen, by Region, 2019-2032 (USD billion)
- 5.5. Natural Fibre Composites
- 5.5.1. Global Sustainable Manufacturing Market, by Natural Fibre Composites, by Region, 2019-2032 (USD billion)
- 5.6. Recycled Aluminum
- 5.6.1. Global Sustainable Manufacturing Market, by Recycled Aluminum, by Region, 2019-2032 (USD billion)
- 5.7. Recycled Carbon Fibre
- 5.7.1. Global Sustainable Manufacturing Market, by Recycled Carbon Fibre, by Region, 2019-2032 (USD billion)
- 5.8. Recycled Lithium Ion Battery
- 5.8.1. Global Sustainable Manufacturing Market, by Recycled Lithium Ion Battery, by Region, 2019-2032 (USD billion)
- 5.9. Recycled Plastics
- 5.9.1. Global Sustainable Manufacturing Market, by Recycled Plastics, by Region, 2019-2032 (USD billion)
- 5.10. Recycled Steel
- 5.10.1. Global Sustainable Manufacturing Market, by Recycled Steel, by Region, 2019-2032 (USD billion)
- 5.11. Water Reuse and Recycling
- 5.11.1. Global Sustainable Manufacturing Market, by Water Reuse and Recycling, by Region, 2019-2032 (USD billion)
6. Global Sustainable Manufacturing Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 6.3. Aerospace
- 6.3.1. Global Sustainable Manufacturing Market, by Aerospace, by Region, 2019-2032 (USD billion)
- 6.4. Automotive
- 6.4.1. Global Sustainable Manufacturing Market, by Automotive, by Region, 2019-2032 (USD billion)
- 6.5. Building and Construction
- 6.5.1. Global Sustainable Manufacturing Market, by Building and Construction, by Region, 2019-2032 (USD billion)
- 6.6. Chemicals
- 6.6.1. Global Sustainable Manufacturing Market, by Chemicals, by Region, 2019-2032 (USD billion)
- 6.7. Electrical and Electronics
- 6.7.1. Global Sustainable Manufacturing Market, by Electrical and Electronics, by Region, 2019-2032 (USD billion)
- 6.8. Energy
- 6.8.1. Global Sustainable Manufacturing Market, by Energy, by Region, 2019-2032 (USD billion)
- 6.9. Marine
- 6.9.1. Global Sustainable Manufacturing Market, by Marine, by Region, 2019-2032 (USD billion)
- 6.10. Packaging
- 6.10.1. Global Sustainable Manufacturing Market, by Packaging, by Region, 2019-2032 (USD billion)
- 6.11. Power
- 6.11.1. Global Sustainable Manufacturing Market, by Power, by Region, 2019-2032 (USD billion)
- 6.12. Others
- 6.12.1. Global Sustainable Manufacturing Market, by Others, by Region, 2019-2032 (USD billion)
7. Global Sustainable Manufacturing Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Sustainable Manufacturing Market Assessment, By Geography, 2019-2032 (USD billion)
- 7.3. Sustainable Manufacturing Market - North America
- 7.3.1. North America: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.3.2. North America: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.3.3. Sustainable Manufacturing Market - U.S.
- 7.3.3.1. U.S.: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.3.3.2. U.S.: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.3.4. Sustainable Manufacturing Market - Canada
- 7.3.4.1. Canada: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.3.4.2. Canada: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4. Sustainable Manufacturing Market - Europe
- 7.4.1. Europe: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.2. Europe: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.3. Sustainable Manufacturing Market - UK
- 7.4.3.1. UK: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.3.2. UK: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.4. Sustainable Manufacturing Market - France
- 7.4.4.1. France: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.4.2. France: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.5. Sustainable Manufacturing Market - Germany
- 7.4.5.1. Germany: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.5.2. Germany: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.6. Sustainable Manufacturing Market - Italy
- 7.4.6.1. Italy: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.6.2. Italy: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.7. Sustainable Manufacturing Market - Spain
- 7.4.7.1. Spain: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.7.2. Spain: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.8. Sustainable Manufacturing Market - Netherlands
- 7.4.8.1. Netherlands: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.8.2. Netherlands: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.9. Sustainable Manufacturing Market - Russia
- 7.4.9.1. Russia: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.9.2. Russia: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.4.10. Sustainable Manufacturing Market - Rest of Europe
- 7.4.10.1. Rest of Europe: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.4.10.2. Rest of Europe: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5. Sustainable Manufacturing Market - Asia Pacific
- 7.5.1. Asia Pacific: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.2. Asia Pacific: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.3. Sustainable Manufacturing Market - China
- 7.5.3.1. China: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.3.2. China: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.4. Sustainable Manufacturing Market - India
- 7.5.4.1. India: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.4.2. India: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.5. Sustainable Manufacturing Market - Malaysia
- 7.5.5.1. Malaysia: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.5.2. Malaysia: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.6. Sustainable Manufacturing Market - Japan
- 7.5.6.1. Japan: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.6.2. Japan: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.7. Sustainable Manufacturing Market - Indonesia
- 7.5.7.1. Indonesia: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.7.2. Indonesia: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.8. Sustainable Manufacturing Market - South Korea
- 7.5.8.1. South Korea: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.8.2. South Korea: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.9. Sustainable Manufacturing Market - Australia
- 7.5.9.1. Australia: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.9.2. Australia: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.5.10. Sustainable Manufacturing Market - Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.5.10.2. Rest of Asia Pacific: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.6. Sustainable Manufacturing Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.6.2. Middle East & Africa: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.6.3. Sustainable Manufacturing Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.6.3.2. Saudi Arabia: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.6.4. Sustainable Manufacturing Market - UAE
- 7.6.4.1. UAE: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.6.4.2. UAE: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.6.5. Sustainable Manufacturing Market - Israel
- 7.6.5.1. Israel: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.6.5.2. Israel: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.6.6. Sustainable Manufacturing Market - South Africa
- 7.6.6.1. South Africa: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.6.6.2. South Africa: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.6.7. Sustainable Manufacturing Market - Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.6.7.2. Rest of Middle East & Africa: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.7. Sustainable Manufacturing Market - Latin America
- 7.7.1. Latin America: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.7.2. Latin America: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.7.3. Sustainable Manufacturing Market - Mexico
- 7.7.3.1. Mexico: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.7.3.2. Mexico: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.7.4. Sustainable Manufacturing Market - Brazil
- 7.7.4.1. Brazil: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.7.4.2. Brazil: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.7.5. Sustainable Manufacturing Market - Argentina
- 7.7.5.1. Argentina: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.7.5.2. Argentina: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
- 7.7.6. Sustainable Manufacturing Market - Rest of Latin America
- 7.7.6.1. Rest of Latin America: Sustainable Manufacturing Market, by Offering, 2019-2032 (USD billion)
- 7.7.6.2. Rest of Latin America: Sustainable Manufacturing Market, by Application, 2019-2032 (USD billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. ACCUREC-Recycling GmbH
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. ArcelorMittal
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Berry Global Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Biffa
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Braskem
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Cirba Solutions
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Dow
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. ECOBAT BATTERY
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. European Metal Recycling Ltd.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Indorama Ventures Public Company Limited
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Manufacturing Technology Centre
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. NatureWorks LLC
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Novelis (Hindalco Industries Limited)
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Procotex
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Toshiba Energy Systems & Solutions Corporation
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Umicore
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
- 9.17. UNIFI, Inc.
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
- 9.18. Veolia
- 9.18.1. Company Overview
- 9.18.2. Financial Performance
- 9.18.3. Product Benchmarking
- 9.18.4. Recent Development