Key Highlights
- The global environmental industry was valued at approximately $1.38 trillion in 2022
- The renewable energy sector accounted for around 12% of the world's electricity generation in 2022
- In 2020, the global waste management market was valued at approximately $1.4 trillion
- The global water treatment market size was valued at $53.8 billion in 2021
- Sustainable packaging is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030
- Approximately 26.9% of global greenhouse gas emissions are caused by the energy sector
- The global green building materials market was valued at $720 billion in 2022
- About 70% of the world’s freshwater withdrawals are used for agriculture
- The EV (electric vehicle) market is projected to reach a valuation of over $1.3 trillion by 2030
- Global investments in clean energy reached $282.2 billion in 2022
- The global solar photovoltaic (PV) market is expected to grow at a CAGR of 13.4% from 2023 to 2030
- Approximately 90% of plastic waste ends up in landfills or the environment
- The global electric power storage market is projected to grow from $15 billion in 2022 to $44 billion by 2030
The Environmental Industry is booming, with a valuation exceeding $1.38 trillion in 2022 and rapid growth across renewable energy, green building, sustainable transportation, and pollution control sectors shaping a more sustainable future.
Environmental Impact and Conservation
- The global environmental industry was valued at approximately $1.38 trillion in 2022
- The global market for air pollution control equipment was valued at $12.4 billion in 2022, projected to reach $18 billion by 2030
- Forests cover approximately 31% of the planet’s land area, providing vital ecosystem services
- The global market for carbon capture and storage (CCS) is expected to reach $8.2 billion by 2027, growing at a CAGR of 14%
- Up to 99% of the global population breathes air exceeding WHO pollution guidelines, impacting public health
- The global market for organic food, which promotes sustainable agriculture, reached $227.4 billion in 2020 and is growing rapidly
- The total number of protected areas around the world surpassed 160,000 in 2021, covering approximately 15% of terrestrial and freshwater areas
- The use of sustainable agriculture practices can increase crop yields by up to 20% while reducing environmental impact
- The number of electric buses worldwide reached over 600,000 in 2023, representing a significant shift towards cleaner public transport
- The global environmental sensors market is expected to grow at a CAGR of 9% between 2022 and 2030, reaching $5 billion
- Forests and other natural landscapes absorb about 25% of the annual global CO2 emissions, playing a critical role in climate mitigation
- The global market for climate-smart agriculture solutions is expected to grow at a CAGR of 11.2% from 2022 to 2028
Environmental Impact and Conservation Interpretation
Green Building and Sustainable Infrastructure
- The global green building materials market was valued at $720 billion in 2022
- Climate-resilient infrastructure investments are projected to grow at a CAGR of 7% between 2022 and 2028
- The global market for environmental consulting services was valued at $36.2 billion in 2022, with expected steady growth
- The global market for green and sustainable building materials is projected to grow to $1.2 trillion by 2030
- The total global investment in sustainable infrastructure is projected to reach $4 trillion annually by 2030
Green Building and Sustainable Infrastructure Interpretation
Renewable Energy and Energy Storage
- The renewable energy sector accounted for around 12% of the world's electricity generation in 2022
- Approximately 26.9% of global greenhouse gas emissions are caused by the energy sector
- The EV (electric vehicle) market is projected to reach a valuation of over $1.3 trillion by 2030
- Global investments in clean energy reached $282.2 billion in 2022
- The global solar photovoltaic (PV) market is expected to grow at a CAGR of 13.4% from 2023 to 2030
- The global electric power storage market is projected to grow from $15 billion in 2022 to $44 billion by 2030
- The global market for biofuels was valued at around $148 billion in 2022
- In 2022, China led the world in renewable energy capacity additions, accounting for 45% of global new capacity
- The global green finance market was valued at over $12 trillion in assets under management in 2022
- The global electric vehicle stock surpassed 10 million vehicles in 2023, a significant increase from 7 million in 2020
- The total renewable energy capacity in Africa was approximately 40 GW in 2022, with significant potential for growth
- Renewable energy jobs worldwide totaled approximately 12 million in 2022 and are expected to increase as transition accelerates
- The global market for geothermal energy is expected to reach $7.3 billion by 2030, growing at a CAGR of 4.7%
Renewable Energy and Energy Storage Interpretation
Waste Management and Recycling
- In 2020, the global waste management market was valued at approximately $1.4 trillion
- Sustainable packaging is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030
- Approximately 90% of plastic waste ends up in landfills or the environment
- Global e-waste generation reached 53.6 million metric tons in 2021, and it is expected to grow annually by 3-5%
- The recycling rate of aluminum cans is approximately 69%, saving 95% of the energy compared to new production
- The global market for eco-friendly cleaning products is expected to grow at a CAGR of 7% from 2023 to 2030
- The global landfill gas management market is expected to reach $2.5 billion by 2028, growing at a CAGR of about 5.5%
- The global market for biodegradable plastics is projected to reach $9.7 billion in 2027, growing at a CAGR of 7.8%
- The average lifespan of a solar panel is approximately 25-30 years, after which efficiency declines but can be recycled
- About 60% of global plastic packaging is not recycled, leading to environmental pollution
Waste Management and Recycling Interpretation
Water and Marine Resources
- The global water treatment market size was valued at $53.8 billion in 2021
- About 70% of the world’s freshwater withdrawals are used for agriculture
- The global tide and wave energy market is projected to reach $3 billion by 2030, growing at a CAGR of approximately 10%
- The number of people living in water-stressed areas is projected to reach 3.2 billion by 2050, driven by climate change and population growth
Water and Marine Resources Interpretation
Sources & References
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