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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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MaryRuth’s Celebrates TikTok Shop Super Brand Day With Exclusive Offers and Viral Favorites

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LOS ANGELES, Jan. 12, 2025 /PRNewswire/ — MaryRuth’s, the trusted leader in liquid vitamins and wellness products, is thrilled to announce its participation in TikTok Shop’s Super Brand Day from January 12 to 18, 2025. For this exclusive event, MaryRuth’s is celebrating with up to 40% off shopwide and exclusive multi-pack bundles of their top-selling products including viral favorites.

MaryRuth’s Liquid Morning Multivitamin + Hair Growth became a social media sensation in 2024, with over 369,000 bottles sold and 18,000 5-star reviews from customers who rave about its convenience, taste, and powerful benefits for health and hair growth. With these exclusive deals on TikTok Shop, MaryRuth’s aims to make its most-loved products even more accessible to its community to kick off healthy habits in 2025.

“We are so thrilled to be part of TikTok Shop’s Super Brand Day,” said MaryRuth Ghiyam, Founder and CEO of MaryRuth’s. “Our mission has always been to help people feel their best with high-quality, delicious, easy-to-use wellness products, and this event allows us to reach even more people with great deals on the products they love.”

Customers can take advantage of up to 40% off all products on MaryRuth’s TikTok Shop and shop specially curated bundles, including multi-packs of the Liquid Morning Multivitamin + Hair Growth. Designed to support overall health as well as hair thickness, hair growth, and skin health, this multivitamin has become a must-have for many health-conscious individuals.

MaryRuth’s will also showcase engaging TikTok content to celebrate this partnership, including product demonstrations, customer testimonials, and exclusive offers for TikTok users.

Mark your calendars for January 12-18, 2025, and join MaryRuth’s in celebrating TikTok Shop Super Brand Day. Don’t miss this opportunity to shop viral favorites and stock up to support your wellness for the new year and beyond!

About MaryRuth’s
MaryRuth was inspired to help empower others to take wellness into their own hands after seeing how health issues personally impacted her loved ones. As a health educator, nutritional consultant, culinary chef, and mom to 4 children, MaryRuth was driven to formulate a delicious, easy-to-take multivitamin with quality ingredients for her clients and family. This led to the creation of what is now America’s #1 best-selling liquid multivitamin. Through our growing product line, we aim to continue what was MaryRuth’s original mission: helping you to create small, healthy habits to move forward every day.

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SOURCE MaryRuth Organics

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Neusoft Education officially renamed as ” Neutech Group Limited “, accelerating the advancement of the “education-healthcare-wellness and mind tour” strategy in a new stage

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HONG KONG, Jan. 11, 2025 /PRNewswire/ — On 9 January, Neusoft Education (09616.HK) announced that the Company’s English name will change from “Neusoft Education Technology Co. Limited” to “Neutech Group Limited”. The name change will take effect on the same day.

According to the announcement, the Company’s renaming to “Neutech Group Limited” better reflects its strategic transformation and upgrade, and more accurately demonstrates its five-in-one industry layout of “education-healthcare-wellness and mind tour”. This will establish a new corporate brand image and highlight the Company’s comprehensive strength in technological innovation and integrated development. Starting with the name change, the Company will focus on education and adapt to the aging economy, promoting the parallel development of academic education, continuing education, senior education, and resource output. This will create a business model of “education-assisted healthcare, education-assisted wellness, medical-care conversion, medical-education assistance, care-supported medicine, and care-education assistance”. Driven by technology and platform research and development, the company will achieve integrated development of education, medicine, care, health, and tourism, as well as efficient use of human, financial, and material resources. This will build a harmonious and inclusive “education + technology + medical care + health + tourism” prosperous ecosystem. It is expected to further enhance the Company’s brand reputation and industry influence, and support its sustainable development.

Neutech Group, as a pioneer in the “education-healthcare-wellness and mind tour” ecosystem in China, successfully listed on the Main Board of the Hong Kong Stock Exchange on 29 September 2020, becoming the “first stock of IT higher education” (stock code: 9616.HK). With the broad market opportunities brought by the aging population and the positive support of policies for the development of the elderly care industry, the Company leverages its innovative research and development capabilities in “education + technology + medical care” to build a new ecosystem of integrated development of ” education-healthcare-wellness and mind tour”.

In the education technology business sector, the Company will retain the main body of ” Neusoft Education Group” and continue to operate academic education, continuing education, and resource output businesses. Based on IT innovation education, the Company will further develop the “digital media” and “medical care” fields, build an integrated ecosystem of “education-healthcare-wellness”, and consolidate the core competitiveness of education technology in the future. The Company will also establish a characteristic product and service system based on the 4S model, providing first-class platforms, resources, models, and management services to governments, universities, hospitals, and health care institutions, continuously empowering partners’ reform and development.

In the elderly education and elderly care technology business sector, following the concept of “Elderly care starts with prevention, education drives elderly care, and technology empowers elderly care”, the Company has deeply developed elderly education through Neuedu Phoenix Academy and created a unique “LIFECARES” model of integrated elderly education with “leisure, care, medical services, education, and integration”. Using top-notch medical and care services and platform services to empower the elderly to live a happy life, the Company is building a dream university for active seniors. In addition, the Company will strengthen the training of elderly care service personnel by creating a one-stop industry chain of “university training + training + intern + human resource services”. On the other hand, the Company will build a medical and care technology operation service model, create an elderly care solution industrial ecosystem through the output of overall smart elderly care solutions and elderly care technology products and services, and achieve mutually beneficial cooperation with ecological partners.

In the medical and health care service sector, the Company integrates customer management service systems to provide intelligent medical and elderly care information solutions, and create a “medical care and elderly care” integrated development system with treatment-based medical institutions, rehabilitation-based nursing institutions, and care-based elderly care institutions. Its subsidiaries, Ruikang Cardiovascular Hospital, Dalian Ruikang Zhuomei Stomatology Hospital Co., Ltd., and Wecare Family Nursing Home, have been put into operation.

In the wellness tourism sector, targeting energetic seniors, the Company integrates tourism, education, and elderly care into one, with a focus on “leisure learning, slow travel, and peaceful living”. Through the concept of “study-travel-care”, seniors can experience a variety of dimensions of “learning-travel-care” in their travel and learning process, creating a comprehensive elderly education model that provides opportunities for art experiences, promotes physical and mental relaxation, enhances cultural literacy, and expands social interaction.

In addition, the Company expands its industrial management and service sector, with the vision of building a better life and using technology to empower intelligent logistics. It explores diverse, characteristic, and value-added service models to meet the diverse needs of internal and external customers, continuously expanding its brand reputation and social influence.

With its keen market insight and deep accumulation of industry and education resources, Neutech Group Limited actively embraces the development of the silver-haired economy, timely enters new tracks, and improves its position in the industrial ecosystem. Now, the Group’s new layout of “education-healthcare-wellness and mind tour ” has been formed, which not only helps to create a new growth curve but also continuously expands new development margins, moving towards becoming a leader in the development of the “education-healthcare-wellness and mind tour” ecosystem.

CONTACT: Lin Wei, weilin@neuedu.com

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SOURCE Neutech Group Limited

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RoboSense and Coco Robotics Forge Strategic Partnership to Revolutionize Autonomous Last-Mile Delivery

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LAS VEGAS, Jan. 12, 2025 /PRNewswire/ — RoboSense (2498.HK), a global leader in AI-driven robotics technology, and Coco Robotics, an innovator in delivery robots, have announced a strategic partnership to transform last-mile logistics. By combining RoboSense’s advanced sensor technology with Coco Robotics’s delivery solutions, the collaboration aims to enhance safety, efficiency, and sustainability in urban networks.

Coco Robotics bridges the gap between local businesses and customers through advanced navigation and real-time tracking, prioritizing sustainability by reducing carbon emissions and delivery costs. Since its launch in 2020, the company has expanded operations to major U.S. and European cities, forming partnerships with food delivery leaders like Uber Eats and DoorDash to meet the growing demands of modern logistics and support a greener future.

This partnership addresses key challenges in autonomous last-mile delivery by integrating RoboSense’s perception solutions into Coco Robotics’s fleet to enhance navigation and obstacle detection. Together, the companies are accelerating the deployment of delivery robots to optimize efficiency and scale operations.

“We’re thrilled to collaborate with RoboSense to push the boundaries of what’s possible in last-mile delivery,” said Zach Rash, Co-founder and CEO of Coco Robotics. “This partnership strengthens our ability to provide safe, reliable, and sustainable delivery solutions at scale, helping us better serve businesses and communities.”

Mark Qiu, CEO of RoboSense, said, “The successful collaboration with Coco Robotics is one of the key milestones in RoboSense’s global strategy. By combining our visual sensor technology with Coco Robotics’ innovative robotics solutions, we aim to redefine what’s possible in autonomous last-mile delivery. RoboSense will continue to innovate, providing superior incremental components and solutions to our global robotics customers. Partnering with Coco Robotics, we will create safer, smarter robotic delivery services and expand into global markets.”  

About RoboSense

RoboSense (2498.HK), founded in 2014, is an AI-driven robotics technology company that supplies industry-leading incremental components and solutions for the robotics market. The company is committed to “Become the global leader in robotics technology platforms”, and its mission is “Safer world, Smarter life”. For more information about RoboSense, visit https://www.robosense.ai 

About Coco Robotics

Coco Robotics is the world’s largest urban robot delivery platform. Founded in 2020, Coco has completed over 500,000 zero-emission deliveries, serving customers in the US and Europe. Coco’s mission is to create a more sustainable, reliable, and affordable last-mile logistics solution in cities around the world. For more information about Coco, visit cocodelivery.com  

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SOURCE RoboSense Technology Co., Ltd.

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