Sustainable Manufacturing Market Size, Share & Industry Growth Analysis Report by Offering (Recycled Lithium Ion Batteries, Recycled Metals, Recycled Plastics, Recycled Carbon Fiber, Natural Fiber Composites, Bioplastics & Biopolymers, Water Recycle & Reuse) and Region - Global Forecast to 2029
[225 Pages Report] The global sustainable manufacturing market size was valued at USD 215.4 billion in 2024 and is estimated to reach USD 367.2 billion by 2029, registering a CAGR of 11.3% during the forecast period. The market rapidly expands due to regulatory requirements, consumer demand, technological advancements, and economic incentives . Manufacturers automate processes, personalize products, and increase efficiency in their production with the efficient use of resources, implementing practices such as waste reduction, energy efficiency, and recycling.
Attractive Opportunities in the Sustainable Manufacturing Market Share
Sustainable Manufacturing Market Forecast to 2029
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Market Dynamics:
Driver: Heightened awareness of environmental issues about biodiversity and ecological imbalance
Growing environmental concerns about biodiversity and ecological imbalance, particularly regarding climate change, pollution, and resource depletion, exert significant pressure on the sustainable manufacturing market. As consumers, businesses, and governments become increasingly aware of the environmental impacts of industrial activities, there is a growing demand for sustainable manufacturing practices that minimize carbon emissions, waste generation, and resource consumption. Regulatory frameworks are tightening globally, requiring industries to adhere to stricter standards and emissions targets, further driving the adoption of sustainable manufacturing processes. This heightened awareness of environmental issues has prompted companies to reevaluate their operations, invest in clean technologies, and implement strategies to reduce their environmental footprint throughout the supply chain. Ultimately, the imperative to address environmental concerns is a key driving force behind the growth of the market, shaping industry practices and driving innovation towards more eco-friendly solutions. For instance, Tesla, renowned for its EVs, prioritizes sustainability. Besides electric vehicles, Tesla focuses on renewable energy solutions like solar panels and energy storage. Their Gigafactories run on renewables, emphasizing energy efficiency and waste reduction.
Restraint: High initial investment costs
High initial investment costs are a significant restraint in the sustainable manufacturing market, comprising various financial considerations that can deter potential adopters. While sustainable manufacturing offers long-term benefits such as cost savings, reduced environmental impact, and improved brand reputation, the upfront costs of transitioning to sustainable technologies and processes can be prohibitive for some companies. These costs may include investments in renewable energy systems, energy-efficient equipment, waste reduction technologies, and employee training. Additionally, the lack of standardized sustainability metrics and regulatory uncertainty can further complicate investment decisions and hinder the widespread adoption of sustainable manufacturing practices. Despite these challenges, overcoming initial investment barriers through incentives, subsidies, and supportive policies can help accelerate the adoption of sustainable manufacturing and drive long-term environmental and economic benefits.
Opportunity: Increasing use of sustainable and eco-friendly materials in advanced technologies such as 3D printing
Sustainability and utilization of environmentally friendly materials stand out as significant trends in advanced technologies such as digital twins, 3D printing, and so on. As various industries aim to harmonize technological progress with ecological consciousness, embracing more environmentally sustainable approaches within 3D printing is anticipated to gain momentum and foster expansion. Materials used in 3D printing are as important as printers. The most used material for 3D printing is polymer, though metals, paper, and organic tissues can also be used. Developing new materials and making them available for 3D printing is expected to increase the adoption of industrial 3D printing globally. Other materials used in this process are thermoplastics, photopolymers, ceramics, platinum, gold, sterling silver, precious-plated metals, strong and flexible plastics, frosted detail plastics, acrylic plastics, metallic plastics, brass, bronze, steel, full-color sandstone, porcelain, castable wax, elastoplastic, and aluminum. These newly developed materials have increased the adoption of 3D printing technologies in various end-user industries.
Challenge: Supply Chain Complexities
Sustainable manufacturing involves addressing sustainability issues across the entire supply chain, from raw material sourcing to product distribution and disposal. However, globalized supply chains can be complex and fragmented, making it challenging for companies to track and manage sustainability performance throughout their supply networks. Implementing sustainable practices across the supply chain requires collaboration, transparency, and data sharing among suppliers, manufacturers, and other stakeholders. Companies may need to invest in tools and technologies, such as supply chain management software and blockchain systems, to enhance visibility and traceability and ensure compliance with sustainability.
Sustainable Manufacturing Market Ecosystem
The Sustainable manufacturing market is competitive, with major companies such as Veolia, Umicore, Braskem, Cirba Solutions, and NatureWorks, among others, significant manufacturers of sustainable manufacturing solutions and numerous small- and medium-sized vital enterprises. Many players offer sustainable manufacturing solutions, while many players and details offer integration services. These integration services are widely required in process and discrete industries.
Based on the offering, the recycled plastics segment is expected to account for the largest market share during the forecast period.
Recycled plastics play a key role in the sustainable manufacturing market by offering an eco-friendly alternative to virgin plastics and supporting the circular economy. They help conserve natural resources, reduce waste by diverting plastic from landfills and oceans, and decrease energy consumption and carbon emissions compared to virgin plastic production. Using recycled plastics can lead to cost savings and regulatory compliance while enabling product lifecycle extension and innovation. Additionally, incorporating recycled plastics enhances corporate social responsibility initiatives and supports market differentiation by appealing to environmentally conscious consumers. Overall, recycled plastics significantly advance sustainability and promote environmental responsibility within the manufacturing industry.
Based on application, the packaging segment for recycled plastics is projected to contribute a significant market share during the forecast period
Packaging applications in the recycled plastics segment contribute to major market share and are expected to grow at the highest CAGR during the forecast period. The demand for recycled plastics in packaging is continuously increasing. Various types of recycled plastics are used in packaging, such as polyethylene terephthalate (PET), high-density polyethylene (HDPE), and polypropylene (PP). These materials are commonly found in bottles, containers, and other packaging forms. Using recycled plastic packaging reduces the demand for virgin plastics derived from non-renewable fossil fuels, conserving natural resources. The production of recycled plastic packaging requires less energy than manufacturing new plastics from raw materials, leading to lower carbon emissions and reduced environmental impact.
Based on region, North America is projected to grow fastest for the sustainable manufacturing market
The sustainable manufacturing industry in North America includes the US, Canada, and Mexico. The sustainable manufacturing market in North America is expected to record the highest CAGR during the forecast period. Sustainable manufacturing represents a transformative shift in manufacturing and industry, as North American consumers are increasingly conscious of environmental issues and prefer eco-friendly products. Companies prioritizing sustainable manufacturing can cater to this demand and enhance their brand reputation. In North America, this transition is facilitated by several factors, including a strong ecosystem of technology companies, research institutions, innovative startups, robust infrastructure, and a skilled workforce. Moreover, North America, particularly the US and Canada, has seen a tightening of environmental regulations and standards related to emissions, waste management, and energy efficiency. Programs like the Clean Air Act in the United States and various provincial regulations in Canada are encouraging sustainable practices. A joint program of the U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE), Energy Star promotes energy-efficient products and practices. Initiatives like the Regional Greenhouse Gas Initiative (RGGI) and the Western Climate Initiative (WCI) provide frameworks for carbon trading, incentivizing companies to reduce emissions.
Sustainable Manufacturing Market by Region
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Key Market Players
The sustainable manufacturing companies is dominated by a few globally established players such as Veolia (France), Umicore (Belgium), Braskem, (Brazil) Cirba Solutions (US), NatureWorks (US), Indorama Ventures (Thailand), Unifi (US), Dow (US), etc.
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- Latest News, Updates & Trend analysis
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Detail
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Report Metric |
Details |
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Market Size Availability for Years |
2020–2029 |
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Base Year |
2023 |
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Forecast Period |
2024–2029 |
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Forecast Units |
Value (USD) |
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Segments Covered |
Sustainability, Technology, End-Use and Region. |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the world |
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Companies Covered |
Veolia , Umicore, Braskem, Cirba Solutions, NatureWorks, among others |
Sustainable Manufacturing Market Highlights
This research report categorizes the sustainable manufacturing market based onoffering & application, and region
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Segment |
Subsegment |
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Based on Offering: |
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Based on Applications |
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Based on Region: |
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Recent Developments
- In November 2023, EDF chose Veolia's technological solution, in partnership with REEL, for the design, manufacture, and installation of mobile units to treat contaminated water in case of a nuclear accident.
- In April 2023, The company enhanced Ingeo biopolymer for hygiene applications with Ingeo 6500D for nonwovens. This solution provides enhanced softness, strength, and improved fluid management with optimized hydrophilic surface finish technology.
- In September 2022, Umicore and PowerCo, the new battery company of the Volkswagen Group, announced the founding of a joint venture for precursor and cathode material production in Europe. From 2025 onwards, the joint venture will supply PowerCo's European battery cell factories with key materials. It also aims to include elements of refining and battery recycling based on Umicore's technology
Frequently Asked Questions (FAQs)
Which are the major companies in the sustainable manufacturing market? What are their significant strategies to strengthen their market presence?
The major companies in the sustainable manufacturing market are – Veolia, Umicore, Braskem, Cirba Solutions, NatureWorks, among others,, and so on. The significant strategies these players adopt are product launches and developments, contracts, collaborations, acquisitions, and expansions.
What is the potential market for sustainable manufacturing in the region?
The Asia Pacific region is expected to dominate the sustainable manufacturing market
What are the opportunities for new sustainable manufacturing market entrants?
Opportunities in the sustainable manufacturing market arise from the growth of the automotive, power & energy, chemicals, and packaging industries.
What are the drivers and opportunities for the sustainable manufacturing market share?
Factors such as increasing demand for sustainable manufacturing and rising focus on technological advancements fuel the need to grow the sustainable manufacturing market.
Who are the major end users of the industry expected to drive the market’s growth in the next 5 years?
The significant consumers for sustainable manufacturing are automotive, electronics, energy, and chemicals, which all show effective growth rates.
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The study utilized four major activities to estimate the size of the sustainable manufacturing market. Exhaustive secondary research was conducted to gather information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.
Secondary Research
In the secondary research process, various sources were used to identify and collect information on the sustainable manufacturing market for this study. Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements), trade, business, and professional associations, white papers, certified publications, articles by recognized authors, directories, and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of key secondary sources
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Sources |
WebLink |
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Processing Magazines |
www.processingmagazine.com |
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U.S. Environmental Protection Agency |
www.epa.gov |
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The Organisation for Economic Co-operation and Development (OECD) |
https://www.oecd.org/about/ |
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Chinese Association of Automation |
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Association for the Advancement of Artificial Intelligence (AAAI) |
Primary Research
To gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting, primary interviews were conducted. Additionally, primary research was used to comprehend the various technology, application, vertical, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end-user installation teams using sustainable manufacturing offerings and processes, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of sustainable manufacturing, which will impact the overall market. Several primary interviews were conducted across major countries of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
To estimate and validate the size of the sustainable manufacturing market and its submarkets, both top-down and bottom-up approaches were utilized. Secondary research was conducted to identify the key players in the market, and primary and secondary research was used to determine their market share in specific regions. The entire process involved studying top players’ annual and financial reports and conducting extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. Secondary sources were used to determine all percentage shares and breakdowns, which were then verified through primary sources. All parameters that could impact the markets covered in this research study were accounted for, analyzed in detail, verified through primary research, and consolidated to obtain the final quantitative and qualitative data.
Global Sustainable Manufacturing Market Size: Botton Up Approach
- Identifying various sustainable offerings manufacturers
- Analyzing the penetration of each component through secondary and primary research
- Analyzing integration of Sustainable manufacturing in different applications through secondary and primary research
- Conducting multiple discussions with key opinion leaders to understand the detailed working of sustainable manufacturings and their implementation in multiple applications; this helped analyze the break-up of the scope of work carried out by each major company
- Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, operation managers, and finally with the domain experts at MarketsandMarkets
- Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Global Sustainable Manufacturing Market Size: Top-Down Approach
The top-down approach has been used to estimate and validate the total size of the sustainable manufacturing market.
- Focusing initially on the R&D investments and expenditures being made in the ecosystem of the sustainable manufacturing market, further splitting the market based on offerings and region, and listing the key developments
- Identifying leading players in the sustainable manufacturing market through secondary research and verifying them through brief discussions with industry experts
- Analyzing revenue, product mix, geographic presence, and key applications for which products are served by all identified players to estimate and arrive at percentage splits for all key segments
- Discussing splits with industry experts to validate the information and identify key growth pockets across all key segments
- Breaking down the total market based on verified splits and key growth pockets across all segments
Data Triangulation
Once the overall size of the Sustainable manufacturing market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. To triangulate the data, various factors and trends from the demand and supply sides were studied. The market was validated using both top-down and bottom-up approaches.
Market Definition
Sustainable manufacturing is a production approach that minimizes environmental impacts while conserving energy and natural resources. It focuses on efficient use of materials and energy, waste reduction, emissions control, and circular economy practices to extend product life cycles. Sustainable manufacturing also emphasizes social responsibility through fair labor practices and safe working conditions. This approach benefits businesses by reducing costs, improving compliance with regulations, enhancing brand reputation, and meeting consumer demand for eco-friendly products, while contributing to broader environmental goals such as carbon emissions reduction.
Key Stakeholders
- Sustainable metarials providers
- Sustainable metarials Suppliers
- Sustainable manufacturing Integrators
- Sustainable manufacturing distributors
- Sustainable manufacturing software solution providers
- Research organizations
- Analysts and strategic business planners
- Venture capitalists, private equity firms, and startups
- Educational Institutes and Universities
- Component Suppliers and Distributors
- Logistics and shipment companies
Report Objectives
- To define, describe, and forecast the sustainable manufacturing market based on offering & application and region
- To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments and perform a market value chain analysis.
- To provide ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s five forces analysis, key stakeholders and buying criteria, key conferences and events, and regulatory bodies, government agencies, and regulations pertaining to the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies2.
- To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market.
- To analyze competitive developments such as collaborations, agreements, contracts, partnerships, mergers & acquisitions, product launches, and research & development (R&D) in the market
- To analyze the impact of the recession on the sustainable manufacturing market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the sustainable manufacturing market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the sustainable manufacturing market.
Growth opportunities and latent adjacency in Sustainable Manufacturing Market