The Global Sustainable Materials Market is estimated to be valued at USD 318.31 Bn in 2024 and is expected to reach USD 705.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12% from 2024 to 2031.
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The increasing awareness of renewable energy and conservation of environment is leading to advancements in green building materials. There has been a growing demand for eco-friendly substitutes to coal, oil, and other conventional raw materials from various end-use industries like construction, automotive, and packaging. Government initiatives and programs in various countries for promoting sustainability are further driving the adoption of sustainable materials.
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Top Strategies Followed by Global Sustainable Materials Market Players
Emerging Startups in the Global Sustainable Materials Market
Innovative Technologies: Emerging firms are pursuing innovative technologies to make sustainability commercially viable. For instance, Montreal-based NotCo develops smart nanocellulose materials using artificial intelligence, paving the way for greener alternatives to plastics, fabrics, and more. Such advanced technologies have potential to transform industries and accelerate the global transition to a low-carbon circular economy.
Sustainable Solutions: Startups further sustainability goals by offering eco-friendly products. For example, Renewcell upcycles cotton and viscose textile waste into new virgin-quality cellulosic fashion fibers through a closed-loop recycling process.
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