GITNUX MARKETDATA REPORT 2024

Sustainable Products Industry Statistics

The sustainable products industry is experiencing rapid growth, with increasing demand for environmentally friendly and socially responsible products across various sectors.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore a wealth of statistics that shed light on the current landscape of the sustainable products industry. From the exponential growth projections of various markets to consumer behavior trends and environmental impact data, these statistics provide a comprehensive overview of the importance and potential of sustainability in today’s global economy.

Statistic 1

"The global sustainable product market is expected to reach $150.2 billion by 2021."

Statistic 2

"Approximately 66% of global consumers are willing to pay more for sustainable goods."

Statistic 3

"The organic food industry, a subset of sustainable products, reached $55.1 billion in sales in 2019."

Statistic 4

"In 2020, 20% of businesses in the EU reported offering green products or services."

Statistic 5

"Clothing and fashion industry accounts for 8-10% of global carbon emissions - more than international flights and maritime shipping combined."

Statistic 6

"Recycling of clothes is not yet a common practice with only 15% of consumer-used clothing being recycled."

Statistic 7

"77% of people want to learn how to live more sustainably."

Statistic 8

"By 2030, water demand is expected to exceed supply by 40%."

Statistic 9

"The global green technology and sustainability market size is expected to grow from $11.2 billion in 2020 to $36.6 billion by 2025."

Statistic 10

"By 2025, revenue from recycled plastics is projected to increase to $66.7 billion globally."

Statistic 11

"The sustainable personal care products market is expected to grow at a CAGR of nearly 10% from 2021 to 2027."

Statistic 12

"The global electric vehicle market is expected to reach $802.81 billion by 2027, growing at a CAGR of 22.6%"

Statistic 13

"By 2027, the global demand for green building materials is projected to reach nearly $377,029 million"

Statistic 14

"Among consumers aged 15-20 (Gen Z), 72% are willing to pay more for products with eco-friendly packaging."

The statistics presented clearly indicate a growing global trend towards sustainability in various industries, from food to technology to personal care products. Consumers are increasingly willing to pay more for sustainable goods, reflecting a shift in consumer preferences towards environmentally conscious choices. However, challenges such as the high carbon emissions from the fashion industry and the lack of recycling practices for clothing highlight the need for more widespread adoption of sustainable practices. The projected growth of green technology markets and the increasing revenue from recycled materials demonstrate the economic potential of sustainability initiatives. As global water demand is expected to exceed supply by 40% by 2030, the urgency for sustainable practices is evident. The future holds immense opportunities for businesses that prioritize sustainability, as the demand for green products and technologies continues to rise.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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