Global Sustainable Manufacturing Market Size to worth USD 536.6 Billion by 2033: Market Study Report

Global Sustainable Manufacturing Market Size to worth USD 536.6 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Sustainable Manufacturing Market Size is Expected to Grow from USD 192.5 Billion in 2023 to USD 536.6 Billion by 2033, at a CAGR of 10.80% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Sustainable Manufacturing Market Size, Share, and COVID-19 Impact Analysis, By Offering (Recycled Lithium Ion Battery, Water Reuse & Recycling, Recycled Plastics, Green Hydrogen, Recycled Steel, Recycled Aluminium, Recycled Carbon Fibre, Bioplastics & Biopolymers, and Natural Fibre Composites), By Vertical (Automotive, Energy, Electrical & Electronics, Packaging, Building & Construction, Marine, Aerospace, Power, Chemicals, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.    

Sustainable manufacturing is the process of manufacturing products through economically sound processes that minimize negative environmental impacts while conserving energy and natural resources. Sustainable business strategies are providing significant financial and environmental benefits to an increasing number of manufacturers. For better development and worldwide competitiveness, an increasing number of businesses are making "sustainability" a key target in their operations and strategy. The ongoing research and development in sustainable materials, processes, and technologies are providing lucrative market growth opportunities in the manufacturing sector. The increasing demand for eco-friendly and resource-efficient production practices among industries is driving the market demand for sustainable manufacturing. The implementation of strategies that limit waste, lower carbon emissions, and conserve resources as a result of growing consumer demand for sustainable products, regulatory demands, and environmental awareness are propelling the market growth. On the contrary, the increased initial investments required in renewable energy systems, energy-efficient equipment, waste reduction technologies, and worker's training are restraining the market.

The recycled plastics segment dominated the market with the largest revenue share in 2023.

Based on the offering, the global sustainable manufacturing market is divided into recycled lithium ion battery, water reuse & recycling, recycled plastics, green hydrogen, recycled steel, recycled aluminium, recycled carbon fibre, bioplastics & biopolymers, and natural fibre composites. Among these, the recycled plastics segment dominated the market with the largest revenue share in 2023. The use of recycled plastics in sustainable manufacturing aids in reducing waste, conserving resources, and reducing emissions.

The automotive segment held the largest revenue share of the sustainable manufacturing market in 2023.

Based on the vertical, the global sustainable manufacturing market is divided into recycled automotive, energy, electrical & electronics, packaging, building & construction, marine, aerospace, power, chemicals, and others. Among these, the automotive segment held the largest revenue share of the sustainable manufacturing market in 2023. The automotive industry is striving to minimize its environmental impact and promote resource efficiency to achieve a circular economy in the automotive industry.

North America is projected to hold the largest share of the global sustainable manufacturing market over the forecast period.

North America is projected to hold the largest share of the global sustainable manufacturing market over the forecast period. North American consumers are becoming more environmentally conscious and favour eco-friendly products, sustainable manufacturing signifies a revolutionary change in the manufacturing and industrial sectors. Countries like the US and Canada have stringent environmental regulations and standards related to emissions, waste management, and energy efficiency, driving the market demand for sustainable manufacturing.

Asia-Pacific is predicted to grow at the fastest CAGR in the sustainable manufacturing market over the forecast period. The need for operational efficiency by manufacturers, the requirement to maintain competitiveness, and the focus on the green and circular loop economy are the factors propelling the sustainable manufacturing market in the Asia Pacific region.

Company Profiling 

Major key players in the sustainable manufacturing market include 3M, Braskem, Cirba Solutions, NatureWorks LLC, Schneider Electric, Siemens, Tesla, Umicore, Unilever, Veolia, ACCUREC-Recycling GmbH, Unifi, Indorama Ventures, Dow, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• 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. This additional solution would drastically reduce environmental impact by treating on-site the primary circuit water stored in the reactor building tanks in the event of a pipe rupture.

• In September 2022, Salzgitter/Brussels. PowerCo, the new battery company of the Volkswagen Group, and Umicore, the Belgian circular materials technology group, announced the founding of a joint venture for precursor and cathode material production in Europe.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global sustainable manufacturing market based on the below-mentioned segments:

Global Sustainable Manufacturing Market, By Offering

• Recycled Lithium Ion Battery
• Water Reuse & Recycling
• Recycled Plastics
• Green Hydrogen
• Recycled Steel
• Recycled Aluminium
• Recycled Carbon Fibre
• Bioplastics & Biopolymers
• Natural Fibre Composites

Global Sustainable Manufacturing Market, By Vertical  

• Automotive
• Energy
• Electrical & Electronics
• Packaging
• Building & Construction
• Marine
• Aerospace
• Power
• Chemicals
• Others

Global Sustainable Manufacturing Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa