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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

Logo: https://mma.prnewswire.com/media/902389/Coherent_Market_Insights_Logo.jpg

 

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SOURCE Coherent Market Insights

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Lexmark Showcases New Printers and Technology Solutions for Retailers at NRF 2025

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NEW YORK, Jan. 12, 2025 /PRNewswire/ — Lexmark, a global imaging and IoT solutions leader, will showcase its cutting-edge, retail-ready printers and solutions at NRF 2025, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K. Javits Center in New York. The Lexmark showcase will be in booth #6321.

“Lexmark kicks off the year with a bang by showcasing our latest 9-Series family of A3 printers and MFPs at NRF for the first time,” said Tim Speller, Lexmark’s head of retail and manufacturing. “These sophisticated devices will usher in a new era of opportunity for retailers to maximize operational efficiency while increasing sales.”

Here’s what will be on display in Lexmark booth #6321:

New Lexmark 9-Series printers and MFPs are designed for challenging retail environments

Built by evolving Lexmark’s renowned A4 technology, the 9-Series delivers versatility, simplicity and sustainability. These solutions are easy to use and manage – perfect for any retail salesfloor or back office.

Key highlights of 9-Series:

Versatile and easy to use. The 9-Series offers a broad range of media size support (A6 to SRA3), high-volume duty cycles, a common set of modular paper-handling options, finishing capabilities and professional color features including PANTONE® calibration.Simple and easy to manage. The 9-Series’ intuitive interface streamlines workflows by providing simple instructions and prompts. For routine maintenance, toner cartridges can be replaced with one hand, easily understood visual cues are displayed, and serviceable areas are easy to access and identify.Sustainable and easy to feel good about. The 9-Series’ total post-consumer recycled (PCR) content is 56% by weight for all base-model MFPs and 73% by weight for the line’s base-model printer, based on IEEE calculation procedures. *Built to last. The 9-Series is designed and built to last seven years or more. Having few components helps reduce the likelihood of technical failure while also minimizing the service time required for repairs and maintenance. Experienced technicians can perform most common service actions, even highly complex tasks, in less than 15 minutes, according to Lexmark testing.

Lexmark Engagement Automation Platform (LEAP) helps retailers drive sales and foot traffic with hyper-local social media ads

LEAP automates one-to-one promotions that drive footfall to local stores. Store leaders can trigger hyper-personalized sale posts and boost ads based on individual store inventory conditions through loyalty program apps and social media platforms like Facebook and Instagram. With advanced analytics and reporting capabilities, LEAP provides the insights needed to measure success and make data-driven decisions.

Key highlights of LEAP:

Engagement: To engage shoppers, center promotions around customer buying patterns with an engagement automation platform that posts localized content – such as store-specific offers, events and locally grown produce initiatives.

Automation: Schedule and manage automatic localization and delivery of corporate promotional messaging with an engagement automation platform to reach consumers through social media with hyper-local content around each store or audience region.

Loyalty: Attract local customers with an engagement automation platform that sends store- and corporate-initiated offers to geo-fenced social media apps like Facebook and Instagram and loyalty program applications.

Supporting resources

Learn more about Lexmark’s booth at NRF 2025.

Read Lexmark’s NRF blog.

Schedule a booth meeting with our retail experts during NRF 2025.

Get more details about the Lexmark 9-Series.

Get more details about the Lexmark Engagement Automation Platform (LEAP).

Watch a video about LEAP.

Get the details on NRF 2025.

Follow us on LinkedIn for live NRF updates.

About Lexmark

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.

Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the United States and/or other countries. All other trademarks are property of their respective owners.

* PCR content measured in accordance with IEEE Std 1680.2a™ – 2017 Standard for Environmental Assessment of Imaging Equipment – Amendment 1 — which is the standard used by EPEAT.

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SOURCE Lexmark

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 12, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/pricer/r/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-d,c4090287

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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SOURCE Blue Owl Capital

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