DELRAY BEACH, FLA. — A new report from MarketsandMarkets singled out growing demand for emission-free processes as a factor compelling organizations to “engage in sustainability initiatives.”
The report stated: “It is a vast business opportunity as companies opt for audited certification in renewable energy programs, greenhouse gas and carbon management, electric vehicle battery compliance, green building standards, and circular economy initiatives like sustainable packaging and recycling.”
In further details, the report pointed out: “Blockchain traceability, simplified audits through AI, and IoT monitoring are revolutionizing the certification process by making reports on emissions more transparent, simplifying lifecycle analysis of green building products, and ensuring compliance with waste legislation.”
The market research also found that use of automatic data analysis software helps companies monitor sustainability performance, improve certification accuracy and promote good practices in sustainable sourcing.
Global market trends from Meticulous Market Research:
- Governments worldwide are enforcing stricter policies, such as the EU Green Deal, the US Inflation Reduction Act, and China’s carbon neutrality targets, compelling industries to invest in cleaner production methods and eco-friendly materials.
- Manufacturers are integrating bioplastics, natural fiber composites and water recycling systems into their operations to meet consumer demand for environmentally responsible products.
- The market faces obstacles such the high upfront costs of sustainable technology, the complexity of regulatory compliance, and the requirement for scalable waste management and recycling infrastructure, despite its promising growth potential.
- Adoption of sustainable production is further complicated by supply chain interruptions and fluctuations in raw material availability.
- Recycled materials are expected to dominate the market in 2025, driven by stringent waste management policies and increasing consumer preference for sustainable products.
- The packaging industry is anticipated to hold the largest market share in 2025, fueled by growing demand for sustainable packaging solutions and extended producer responsibility (EPR) regulations.
- North America remains a strong player, with the US and Canada implementing aggressive sustainability policies and corporate ESG commitments.
- The Inflation Reduction Act and various state-level incentives are encouraging industries to invest in green energy, waste reduction, and sustainable raw materials.
- As sustainability becomes a key business imperative, companies are prioritizing investments in renewable energy, eco-friendly materials, and closed-loop production systems to align with global environmental goals while enhancing operational efficiency.