Sustainable Manufacturing Industry

The global sustainable manufacturing market size was estimated at USD 203.65 billion in 2023 and is expected to grow at a CAGR of 11.6% from 2024 to 2030.

Increasing environmental regulations and policies aimed at reducing carbon emissions and waste are pushing manufacturers to adopt more sustainable practices. Growing consumer awareness and preference for environmentally friendly products are driving companies to adopt sustainable manufacturing practices to meet market expectations. Sustainable manufacturing often leads to cost savings through improved resource efficiency, reduced waste, and lower energy consumption. Innovations in technologies, such as renewable energy, energy-efficient machinery, and recycling technologies, are enabling more sustainable manufacturing processes.

Gather more insights about the market drivers, restrains and growth of the Global Sustainable Manufacturing market

Companies are increasingly integrating sustainability into their Corporate Social Responsibility (CSR) strategies to enhance their brand reputation and meet investor expectations. As global supply chains become more complex, there is a growing emphasis on ensuring that manufacturing processes are sustainable and ethical across the entire supply chain. Increased investment in sustainable technologies and practices by governments, private investors, and venture capitalists is driving growth in the sustainable manufacturing market.

The need to address climate change and reduce greenhouse gas emissions is prompting manufacturers to adopt sustainable practices to minimize their environmental impact. The need to manage and conserve finite resources, such as raw materials and water, is encouraging the adoption of sustainable practices to ensure long-term availability. Ongoing research and development in sustainable materials, processes, and technologies are creating new opportunities for growth and efficiency in the manufacturing sector.

Sustainable Manufacturing Market Report Segmentation

  • Offering Outlook (Revenue, USD Billion, 2017 - 2030)
    • Recycled Lithium Ion Battery
    • Water Reuse and Recycling
    • Recycled Plastics 
    • Green Hydrogen
    • Recycled Steel
    • Recycled Aluminium
    • Recycled Carbon Fibre
    • Bioplastics & Biopolymers
    • Natural Fibre Composites
  • Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
    • Automotive
    • Energy
    • Electrical & Electronics
    • Packaging
    • Building & Construction
    • Marine
    • Aerospace
    • Power
    • Chemicals
    • Others
  • Regional Outlook (Revenue, USD Billion, 2017 - 2030)
    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Latin America
      • Brazil
    • MEA
      • UAE
      • South Africa
      • KSA 

Key Sustainable Manufacturing Company Insights

Key market companies include 3M, Braskem, and Cirba Solutions. Companies active in the sustainable manufacturing market are focusing aggressively on expanding their customer base and gaining a competitive edge over their rivals. Hence, they pursue various strategic initiatives, including partnerships, mergers & acquisitions, collaborations, and new product/ technology development. For instance, in November 2023, EDF, an electric utility company, partnered with REEL, selected Veolia’s technological solution for creating, producing, and setting up mobile units to address contaminated water in the event of a nuclear accident. The solution would minimize environmental impact by treating the primary circuit water stored in the reactor building tanks on-site in the event of a pipe rupture.

Key Sustainable Manufacturing Companies:

The following are the leading companies in the sustainable manufacturing market. These companies collectively hold the largest market share and dictate industry trends.

  • 3M
  • Braskem
  • Cirba Solutions
  • NatureWorks LLC
  • Schneider Electric
  • Siemens
  • Tesla
  • Umicore
  • Unilever
  • Veolia

Recent Developments

  • In May 2024, Saltigo, a chemicals company, introduced “Net Zero Custom Manufacturing”, sustainable manufacturing products. Saltigo's Net Zero Custom Manufacturing prioritizes the utilization of sustainably produced energy and environmentally friendly raw materials.
  • In April 2024, Veolia Huafei subsidiary of the Veolia collaborated with L'Oreal Group to assist in numerous environmental metrics. Veolia Huafei is assisting L'Oreal Group in expedited transformation towards a circular economy for plastics.
  • In April 2024, Cirba Solutions introduced SustainABILITY 10,000. The "SustainABILITY 10,000" initiative, led by Cirba Solutions and its team, aims to transform communities into knowledgeable advocates of eco-friendly living through a commitment to 10,000 hours of community engagement, promoting sustainable practices, and providing education in various communities across North America.

Order a free sample PDF of the Sustainable Manufacturing Market Intelligence Study, published by Grand View Research.