SUSTAINABLE MATERIALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Key Developments

• In September 2024, PepsiCo introduced a groundbreaking line of beverage bottles crafted from 100% recycled ocean plastic. This initiative is part of PepsiCo’s effort to combat plastic pollution and support marine conservation. This move is expected to cut the need for virgin plastic by approximately 10,000 tons annually and aligns with the company’s goal of reducing its carbon footprint by 50% by 2030.
• In August 2024, Nike launched a new collection of sneakers under its 'Move to Zero' initiative. This collection aims to support Nike’s ambitious target of achieving zero carbon and zero waste. The 'Move to Zero' campaign aims to have all Nike products made from sustainable materials by 2025. Early sales have surpassed projections by 20%, reflecting strong consumer interest in sustainable fashion.
• In July 2024, Coca-Cola unveiled a new bottle cap technology made from plant-based materials, specifically sugarcane-derived polyethylene. This innovation aims to decrease reliance on fossil fuels and enhance the recyclability of packaging. The new caps are expected to reduce carbon emissions associated with cap production by 15% and are part of Coca-Cola's broader strategy to integrate sustainable practices throughout its supply chain.
• In May 2024, BASF announced the launch of a new range of bio-based construction materials designed to enhance sustainability in the building sector. The company projects a 25% reduction in carbon footprints for construction projects using these materials and is also focusing on developing solutions for low-energy and passive house construction.