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3. Sustainable Manufacturing Companies - Veolia (France) and Umicore (Belgium) are the Key Players

The global Sustainable manufacturing market is expected to grow from USD 215.4 billion in 2024 to USD 367.2 billion in 2029 at a CAGR of 11.3% during the forecast period. The expansion of the sustainable manufacturing market is driven by several factors, including rapid technological advancements in the manufacturing industry, countries moving towards low carbon neutrality, and an emphasis on green transition. This evolution responds to the increasing demand for customized products and personalized experiences, fostering companies to achieve zero waste-to-landfill status and encouraging them to adopt recycling and waste reduction practices.

The key players operating in the sustainable manufacturing market are Veolia, Umicore, Braskem, NatureWorks, and ArcelorMittal. These players have adopted various growth strategies to strengthen their position in the sustainable manufacturing market. The strategies include product launches, contracts, expansions, partnerships, collaborations, and acquisitions.

To know about the assumptions considered for the study download the pdf brochure

Major Sustainable Manufacturing companies include:

• Veolia (France)
• Umicore (Belgium)
• Braskem (Brazil)
• Cirba Solutions (US)
• NatureWorks (US)

Veolia

Veolia engages in the management of energy, water supplies, and distribution systems and provides waste management. It operates through the following business segments: Water, Waste, and Energy. The Water segment integrates drinking water and wastewater activities such as water distribution, water and wastewater treatment, industrial process water, and water treatment equipment and systems manufacturing. The Environmental Services segment collects, processes, and disposes of household, trade, and industrial waste. The Energy segment includes heat production and distribution, energy optimization and related services, and electricity production. Veolia actively participates in the recycling services of recovered plastic through its waste segment, which deals with the collection, treatment, and recycling of municipal and industrial waste. It processes HDPE, LDPE, PET, PP, PS, PVC, PC, and PA, among other plastic materials. Veolia has a global presence across five continents, with operations in more than 60 countries and over 220,000 employees. Its clients include municipalities, industrial clients, and the oil and gas, mining, and pharmaceutical industries, among others

Umicore

Umicore organizes its activities into three primary business segments: Catalysis, Energy & Surface Technologies, and Recycling. The recycling segment consists of jewelry & industrial metals, precious metal management, and precious metal refining business units. Additionally, in 2021, the company established a new business unit: battery recycling solutions (BRS) under the recycling segment. It serves various industries, including chemical, electrical & electronics, and automotive. With a workforce of 11,565 individuals, Umicore leads the way in rechargeable battery recycling, boasting a facility in Belgium capable of processing 7,000 tons of lithium-ion batteries and battery production scrap annually, equivalent to 35,000 electric vehicle batteries.

Braskem

Braskem is the largest producer of thermoplastic resins in the Americas and the largest producer of polypropylene in the US. It is a pioneer in the industrial-scale production of biopolymers. Braskem has a diverse portfolio of petrochemicals and thermoplastics, including polyethylene, green polyethylene (biopolymer), polypropylene, and PVC. The company offers products to agriculture, automotive, civil construction, aircraft & aerospace, electrical & electronics, textiles, cosmetics, healthcare, and packaging sectors. It has an annual production capacity of 10.7 million tons of chemicals and 9.3 million tons of thermoplastic resins. The company has a client base in more than 71 countries. It operates in Brazil, the US, Mexico, and Germany. Braskem operates 40 industrial units, of which 29 are in Brazil—in the states of Alagoas, Bahia, Rio de Janeiro, Rio Grande do Sul, and Sao Paulo. The remaining five are in the US, two are in Germany, and four are in Mexico.

NatureWorks LLC

NatureWorks LLC. is a global-leading biopolymers supplier and innovator. Cargill & PTT Global Chemical jointly own it. It manufactures biopolymers derived from renewable resources such as corn, starch, and vegetable oils. The company’s product line includes 2 series for extrusion/ thermoforming, 3 for injection molding, 4 for films & cards, 6 for fibers & nonwovens, and 3D for 3D printing. The company serves beauty & household, building & construction, food service ware, electronics & appliances, food & beverage, landscape & agriculture, medical, and hygiene industries. To maintain sustainability, the company follows circular production processes that involve maximizing the repurposing of products by designing them for reuse, recycling, or composting. These circular principles are utilized to create and distribute its Ingeo biopolymer, thereby promoting these principles within the broader plastics industry. The company operates in North America, Europe, and Asia Pacific. The manufacturing facilities are in Blair and Nebraska in the US and have a capacity of 150,000 metric tons of Ingeo biopolymer.

ArcelorMittal

ArcelorMittal is a diversified steel and mining company formed from the merger of Arcelor and Mittal Steel. ArcelorMittal produces a broad range of high-quality finished and semi-finished steel products. The company also claims to be one of the world's biggest steel recyclers, recycling around 30 million tonnes every year. The global R&D division of the company includes a dedicated scrap team with leading-edge knowledge and capabilities in steel recycling. ArcelorMittal finalized the acquisition of two companies in 2023: Riwald Recycling, a cutting-edge ferrous scrap metal recycling business in the Netherlands. These acquisitions align with ArcelorMittal's decarbonization strategy and bolster its construction business under ArcelorMittal Downstream Solutions.

Apart from these companies, many other key companies are working toward strengthening their position in the market by developing innovative technologies.

Related Reports:

Sustainable Manufacturing Market by Offering (Recycled Lithium Ion Batteries, Recycled Metals, Recycled Plastics, Recycled Carbon Fiber, Natural Fiber Composites, Bioplastics & Biopolymers, Water Recycle & Reuse) and Region - Global Forecast to 2029

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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