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Green Polymer Market Size to Surpass Around US$ 74.95 Billion 2030, Recording a CAGR of 9.6% | Report by CoherentMI

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BURLINGAME, Calif., Feb. 13, 2024 /PRNewswire/ — CoherentMI published a report, titled, Green Polymer Market was valued at US$ 39.46 Billion in the year 2023, and is anticipated to reach a US$ 74.95 Billion by 2030, with growing at a CAGR of 9.6% during forecast period 2023-2030.

Market Dynamics:

The Green Polymer Market is driven by two main factors. Firstly, the growing awareness about environmental sustainability is fueling the demand for green polymer products. With increasing concerns over environmental pollution and the need to reduce carbon emissions, there is a rising preference for eco-friendly and sustainable materials. Green polymers offer several advantages over traditional plastics, such as being biodegradable, reducing waste, and minimizing the dependence on fossil fuels.

Secondly, government initiatives and regulations promoting sustainable development and responsible manufacturing practices are also driving the growth of the Green Polymer Market. Governments across the globe are taking measures to reduce plastic waste and promote the use of environmentally friendly alternatives. These initiatives include bans on single-use plastics, incentives for the use of green polymers, and the implementation of recycling programs.

Green Polymer Market Report Snapshot:

Report Coverage

Details

Study Period

2023 – 2030

Base Year of Estimation

2022

CAGR

9.6 %

Largest Market

North America

Market Concentration

High

Major Players

BASF, Dow Chemical, Braskem, NatureWorks, Novamont and Among Others

Segments Covered

By Type, By Application, By Polymer Type, By Geography

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Growth Drivers

• Increasing consumer preference for sustainable materials
• Stringent government regulations
• Advancements in bioplastics
• Corporate sustainability goals

Restraints & Challenges

• High production costs
• Performance limitations
• Lack of adequate infrastructure

 

Key Market Takeaways:

The Green Polymer Market Size is anticipated to witness a CAGR of 9.6% during the forecast period 2023-2030, owing to the increasing demand for sustainable and eco-friendly materials.On the basis of types of polymers, the biodegradable segment is expected to hold a dominant position. Biodegradable polymers are widely used in various applications such as packaging, agriculture, automotive, electronics, textiles, healthcare, and others. Their ability to degrade naturally and reduce waste makes them a preferred choice for sustainable materials.In terms of region, North America is expected to hold a dominant position over the forecast period. The region has been at the forefront of environmental initiatives and has well-established regulations and support for green technologies. Additionally, there is a growing consumer awareness and preference for eco-friendly products in the region.Key players operating in the Green Polymer Market include BASF, Dow Chemical, Braskem, NatureWorks, Novamont, Indorama Ventures, Danimer Scientific, Teijin, Mitsubishi Chemicals, and BioAmber. These key players have been investing in research and development to develop innovative green polymers and expand their product portfolio. Their focus on sustainability and eco-friendly solutions gives them a competitive edge in the market.

Market Trends:

The Green Polymer Market is witnessing two key trends. Firstly, there is a growing trend of research and development activities in the field of biodegradable and renewable polymers. Manufacturers are investing in research to develop innovative green polymers that can meet the increasing demand for eco-friendly materials. These efforts aim to reduce the environmental impact of plastics and provide sustainable solutions.

Secondly, there is a rising trend of collaborations and partnerships between companies in the green polymer industry. Companies are joining forces to leverage their expertise and resources to develop and commercialize new green polymer products. These collaborations allow for the sharing of knowledge, technology, and infrastructure, leading to faster product development and market penetration.

Recent development:

In March 2022, BASF introduced the ecovio AM13310 biodegradable plastic for use in 3D printing filaments.In January 2021, Indrorama ventures unveiled IRCPET, a new line of recyclable food packaging solutions made of polyethylene terephthalate.

Read complete market research report, “Green Polymer Market Size And Share Analysis – Growth Trends And Forecasts (2023 – 2030)“, Published by CoherentMI.

Green Polymer Market Opportunities:

Rising Demand for Biodegradable Polymers

The increasing concern for environmental sustainability has led to a growing demand for biodegradable polymers. Biodegradable polymers are derived from renewable sources and can be broken down by microorganisms into natural compounds, reducing their impact on the environment. These polymers have a wide range of applications, including packaging, agriculture, textiles, and healthcare. With governments and consumers becoming more conscious of environmental issues, there is a significant market opportunity for biodegradable polymers.

Growing Automotive Sector

The automotive industry is a major consumer of polymers for various components and applications, including interior parts, exteriors, electrical systems, and engine parts. Green polymers, such as biobased and recycled polymers, offer a more sustainable alternative to traditional petroleum-based polymers. With the automotive sector experiencing significant growth, especially in emerging markets, there is a great market opportunity for green polymers in this industry.

In conclusion, the Green Polymer Market presents significant opportunities for biodegradable polymers and in the automotive sector. The rising demand for sustainable materials and the growing automotive industry provide a favorable market environment. With North America leading the market and key players actively investing in research and development, the Green Polymer Market is expected to experience steady growth in the coming years.

Green Polymer Market Segmentation:

By TypeBiodegradableBiobasedRecycledBio-based, non-biodegradablePartially bio-basedBy ApplicationPackagingAgricultureAutomotiveElectronicsTextilesHealthcareOthers (construction, consumer goods, etc.)By Polymer TypeStarch-basedPolylactic acid (PLA)Polyhydroxyalkanoates (PHA)Polyethylene terephthalate (PET)Polybutylene succinate (PBS)Polytrimethylene terephthalate (PTT)Others (PUR, PVA, etc.)By GeographyNorth AmericaEuropeAsia PacificLatin AmericaMiddle East and Africa

Purchase this exclusive report @ https://www.coherentmi.com/industry-reports/green-polymer-market/buyNow

Top Questions Answered in this Report:

What factors are impeding the growth of the market for Green Polymer?What are the primary drivers fostering growth in the market for Green Polymer?Which segment stands out as the leading component in the Green Polymer Market?Who are the key players actively involved in the Green Polymer Market?Which region is poised to take the lead in the Green Polymer Market?What is the projected CAGR for the Green Polymer Market?

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About Us:

At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today’s rapidly changing business landscape.

Contact Us:
Mr. Shah
Senior Client Partner – Business Development
CoherentMI
Phone:
U.S.: +1-206-701-6702
U.K: +44-020-8133-4027
JAPAN: +81-50-5539-1737
INDIA: +91-848-285-0837
Email: sales@coherentmi.com
Website: https://www.coherentmi.com

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SOURCE Coherent Market Insights

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Unity Grammar School Earns Honorable Mention in Otis’ Asia Pacific Regional Made to Move Communities™ Challenge

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School awarded A$12,000 grant to advance STEM programming

SYDNEY, April 14, 2025 /PRNewswire/ — A team of students from Unity Grammar School has earned an Honorable Mention in the Otis Asia Pacific region in the Otis Made to Move Communities student challenge, a competition in which students apply principles of STEM (Science, Technology, Engineering and Maths) to propose solutions to real-world urban mobility issues.

Over the last several months, the high school students, with the guidance of Otis volunteer mentors, designed solutions leveraging AI technology aimed at enabling more inclusive mobility in their communities, and presented their ideas to Otis judges from the company’s Asia Pacific region. Otis is the world’s leading elevator and escalator manufacturing, installation and service company.

The students’ solution, an AI-driven Smart Traffic Light system, features a timer capable of detecting emergency vehicles, assisting individuals with vision impairment, and enhancing safety for both vehicles and pedestrians.

“We’d like to thank the Otis volunteers for their mentorship provided to our students throughout this competition,” said Laila Qadan, educator-in-charge from Unity Grammar. “It has been truly inspiring to see the students apply their knowledge of AI and STEM to develop a functional prototype for the competition, showcasing incredible dedication and effort throughout the process.”

“At Otis, we’re excited to support STEM education in Australia and highlight the critical role these skills play in shaping the future,” said Pedro Marcal, Managing Director of Otis Australasia. “It’s been incredibly rewarding to witness the innovation and creativity demonstrated by the students at Unity Grammar. We hope this experience has ignited the students’ lasting interest for STEM and inspired them to keep exploring solutions to real-world challenges.”

About the Made to Move Communities challenge

Launched in 2020, the Made to Move Communities challenge engages young minds to explore real-world challenges and develop innovative solutions with the potential to create more connected communities and improve mobility for all. This initiative brings together students, educators, and Otis colleagues as mentors with the goals of advancing STEM and leadership skills to help build the next generation of talent, ensuring future workforce readiness, and sustaining innovation.

Each year, the program focuses on a different theme that aligns with global priorities, such as sustainability, accessibility or technology. This year’s theme had students incorporate Artificial Intelligence into their proposals. Students are encouraged to think critically and creatively, applying STEM principles to address mobility-related issues. Through workshops, mentorship, and collaboration, participants gain valuable insights and skills that prepare them for future careers while making a positive impact on society. Participating schools also receive grants at the conclusion of the program to support ongoing STEM education in their schools.

This year, more than 250 students from dozens of schools participated in the challenge. To date, the Made to Move Communities program has reached more than 1,000 student participants, involved more than 950 Otis volunteer mentors, and delivered nearly 90 grants totalling over $1 million to support ongoing STEM education at participating schools.  

To learn more about the Made to Move Communities challenge, visit www.otis.com/mtmc.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide – the industry’s largest Service portfolio. You’ll find us in the world’s most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

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SOURCE Otis Elevator

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Globe joins international telecom leaders in pioneering Green Network study from GSMA Intelligence

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MANILA, Philippines, April 14, 2025 /PRNewswire/ — As a company dedicated to environmental responsibility, Globe played a key role in GSMA Intelligence’s (GSMAi) Green Network Index (GNI) study, a pioneering initiative establishing new industry benchmarks for network sustainability.

Globe is one of only six telecom companies worldwide to participate in the inaugural project, proving its dedication to leading environmental sustainability efforts by actively engaging in research that drives greener networks and reduces greenhouse gas emissions in the industry.

“We recognize the importance of collaboration in shaping a more sustainable telecom sector. Our contribution to the GNI study reflects our commitment to integrating sustainable practices that strengthen both our industry and our journey toward Net Zero greenhouse gas emissions,” said Yoly Crisanto, Globe’s Chief Sustainability and Corporate Communications Officer.

Apple Evangelista, Globe’s Head of Sustainability and Social Responsibility, added: “Through the GNI, we are gaining valuable insights that will help us refine our approach to energy efficiency, renewable energy adoption, and overall network sustainability.”

Global support for greener telecom networks is growing. A majority of telecom operators, representing 70% of the industry’s revenues, have already aligned their commitments with the Science-Based Targets Initiative (SBTi) to reduce GHG emissions.

This was driven by rising energy costs, which account for 15-20% of a telco’s operational expenditures, emphasizing the need for energy efficiency. Moreover, environmental, social, and governance (ESG) reporting is gaining traction among credit-rating agencies and financial analysts, making a standardized metric for assessing sustainability across different geographies and network technologies essential.

In response, GSMAi developed the GNI, which consolidates various factors into a single comprehensive figure to improve comparability across telecom operators and guide companies in their green evolution.

“Tracking progress on mobile network operators’ energy sustainability is critical in driving meaningful change. Our Green Network Index helps operators to achieve that goal by enabling them to make informed decisions that support a greener, more sustainable future,” said Tim Hatt, Head of Research, GSMA Intelligence.

The GNI builds on GSMAi’s previous energy efficiency analysis and expands it into a system-wide index that considers energy and carbon efficiency, renewable energy usage, performance and availability, and vertical enablement.

By actively supporting GSMAi’s sustainability research and initiatives, Globe drives positive change in the telecom industry and strengthens its leadership in green network innovation.

The first round of the GNI Study can be downloaded on GSMAi’s website after registering for a free public account. This can be accessed through the following link:

https://www.gsmaintelligence.com/research/green-networks-index-round-one

To learn more about Globe, visit https://www.globe.com.ph/.

Sustainability at Globe

Globe is a Participant of the United Nations Global Compact and has committed to uphold the Ten Principles in the areas of human rights, labour, environment and anti-corruption. It also supports 10 out of the 17 UN Sustainable Development Goals, with particular focus on SDG 9 – Industry, Innovation and Infrastructure, and SDG 13 – Climate Action. As a Participant in the #RaceToZero campaign of United Nations Framework Convention on Climate Change (UNFCCC), Globe has validated and approved near-term and net-zero science-based greenhouse gas (GHG) emission reduction targets through the Science-Based Targets initiative (SBTi).

Learn more about Globe Sustainability by visiting the Globe Sustainability Website and the Globe Annual Integrated Report.

Follow us on @GlobeIcon on Facebook and @globe_icon on Instagram, and Globe Telecom on LinkedIn.

Email us at: globeofgood@globe.com.ph

 

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SOURCE Globe Telecom, Inc.

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Pioneering Portable Power: BLUETTI Launches the Premium 200 V2 in Australia

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BLUETTI Premium 200 V2 now available for delivery through Harvey Norman Online, Jaycar, and Sydney Tools.

SYDNEY, April 14, 2025 /PRNewswire/ — BLUETTI (bluetti.com), a technology pioneer in clean energy, today announced the launch of its Premium 200 V2, an energy-dense portable power station with a lifespan of over 17 years, at three Australian retailers, namely Harvey Norman Online, Jaycar, and Sydney Tools. Customers can purchase the new model online at exclusive introductory prices until April 18, 2025.

The Premium 200 V2 represents BLUETTI’s latest innovation in portable power technology, combining compact design with enhanced performance capabilities. It addresses the growing demand for reliable, portable power solutions in both emergency and recreational scenarios.

Compact Design with Robust Performance

The Premium 200 V2 holds 2073.6Wh capacity in a package the size of a small toolbox, 40% more compact than the last generation. Despite its compactness, it delivers 2,700W pure sine wave power to run most devices like coffee makers, fridges, and ovens. In the Powerlifting mode, users can even power high-wattage appliances like water heaters. It’s versatile for applications ranging from home outage backup to remote work sites and outdoor activities.

Industry-Leading Battery Longevity

The use of automotive-grade prismatic LiFePO4 battery makes the generator more compact and long-lasting. These premium battery cells have successfully passed 33 rigorous CNAS automotive battery tests and are rated for over 6,000 charge cycles. This translates to more than 17 years of reliable operation before capacity reduces to 80% of original specifications.

Advanced Charging Technology

The portable power generator incorporates BLUETTI’s proprietary TurboBoost fast-charging technology, enabling rapid recharging from empty to 80% in just 45 minutes. Solar recharging requires only 2.4 hours, while multi-chip protection prevents damage from accidental connection of incompatible solar panels. When paired with a Charger 1 alternator charger, the unit fully recharges during a 4.2-hour drive, six times faster than standard vehicle charging options.

Enhanced Energy Efficiency

Powered by BLUETTI’s unique AI-BMS (Battery Management System), the Premium 200 V2 provides comprehensive protection against electrical risks while delivering superior energy efficiency. Its idle power draw is just 10W, three times lower than industry standards. During low-light solar charging, the system automatically turns off to optimize battery life.

Availability and Pricing

The BLUETTI Premium 200 V2 is now available for purchase and delivery at Harvey Norman Online, Jaycar, and Sydney Tools. To celebrate this launch, we’re offering an exclusive Easter Power Deal from April 4 to April 18, 2025—don’t miss out!

BLUETTI in Australia

As a technology pioneer in clean energy, BLUETTI is committed to a sustainable future by providing green energy storage solutions for both indoor and outdoor use. In Australia, our reliable and innovative products have earned the trust of households, professionals, and off-grid adventurers. Looking ahead, BLUETTI will introduce more new products to the Australian market, including the EP2000 for home energy storage and the Apex 300. For partnership inquiries, please contact Tiger Han at tiger.han@bluetti.com.

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SOURCE BLUETTI

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