Sustainable Feedstock Market

The report "Sustainable Feedstock Market By Type, By Application (Energy, Chemicals & Petrochemicals, Pulp & Paper, Pharmaceuticals, Construction Materials) And Region – Global Forecast To 2029", The sustainable feedstock market size is projected to grow from USD 50.69 billion in 2024 to USD 83.37 billion by 2029, registering a CAGR of 10.2% during the forecast period. Greenhouse gas emissions have been rapidly increasing in the past few years. According to United Nations, fossil fuels account for over 75% of global greenhouse gas emissions. Various countries have pledged to reduce their greenhouse gas emissions to net zero by the year 2050. This is expected to increase demand for low-carbon or carbon-neutral sources of energy, thereby increasing the demand for sustainable feedstock.

Browse 150 market data tables and 40 figures spread across 200 pages and an in-depth TOC of the   “Sustainable Feedstock Market By Type, By Application (Energy, Chemicals & Petrochemicals, Pulp & Paper, Pharmaceuticals, Construction Materials) And Region- Global Forecast to 2029.”
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In terms of feedstock type, carbon capture & utilization segment is expected to have highest CAGR in terms of value during the forecast period.        

Growing concerns about climate change is driving the demand for carbon capture & utilization for reduction of CO2 emissions. To support the adoption of carbon storage & utilization, governments of various countries are offering incentives to achieve net-zero emissions. For instance, there are several carbon capture, utilization and storage (CCUS) projects in Canada with government partnership – SaskPower Boundary Dam with government funding of US$ 280 million, Swan Hills Project with government funding of US$ 285 million, and Alberta Carbon Trunk Line with government funding of more than US$ 500 million. According to International Energy Agency, as of 2023, there were around 45 CCUS facilities in operation for industrial processes, fuel transformation and power generation.

Chemicals & petrochemicals application is expected to be the second-largest segment during the forecast period in terms of value

The chemicals & petrochemicals segment is one of the highest consumers of sustainable feedstock as these materials will help them to reduce their environmental footprint and achieve sustainability goals. Stringent regulations and consumer awareness regarding greenhouse gas emissions is expected to drive for sustainable feedstock from the chemicals & petrochemicals industry during the forecast period. Manufacturers are committing to reduce their reliance on virgin plastic and to increase use of recycled plastics in their products, which in turn will drive demand for sustainable feedstock. For instance, Ellen MacArthur Foundation, in collaboration with the UN Environment Programme and companies representing 20% of all plastic packaging produced globally have committed to use recycled plastic and reduce their consumption of virgin plastic.

Asia Pacific is expected to be the fastest-growing region in the global Sustainable Feedstock market in terms of value, by region, during the forecast period.

The Asia Pacific region is expected to be the fastest growing region in the sustainable feedstock market in terms of value. Countries in the region along with the companies operating in this region have set or committed to set emission reduction targets, which is expected to create a lucrative opportunity for sustainable feedstock during the forecast period. Increasing awareness about sustainability among end-users/consumers is driving the manufacturers to produce eco-friendly sustainable products in order to meet the consumer expectations and to stay competitive in the market. Companies operating in the region are focused on increasing their investments in sustainable products which is expected to drive demand for sustainable feedstock. For instance, in May 2024, Chinese biofuel firms (Junheng Industry Group Biotech, Zhejiang Jiaao Enprotech and Tianzhou New Energy) announced to invest around US$ 1 billion for building country’s first plant to convert the waste cooking oil into sustainable aviation fuel. The companies plan to set up plants in coming 18 months to produce around 1 million metric tons per year of SAF.

Key Players

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Sustainable feedstock market. These are  NatureWorks LLC (US), Aker Carbon Capture ASA (Norway), Darling Ingredients Inc. (US), Drax Group plc (UK), Enerkem (Canada), Genan Holding A/S (Denmark), Neste Oyj (Finland), POET,LLC (US), ResourceCo (Australia) and Sustainable Feedstocks Group (UK).

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