The global green chemicals market is projected to be worth USD 22,039 Million by 2030, growing at a CAGR of 8.9%. The major reason behind the growth of this industry is, growing acceptance of biobased packaging and increasing concerns for fossil fuel exhaustion.

The bioalcohols category held the largest market share in terms of both volume and value in recent years. This can be ascribed form the heavy usage of bioethanol fuel for ignition engines of vehicles. Furthermore, bioethanol is also used in the production of alcohol, such as vodka, beer, brandy, gin, and whiskey.

The personal care category is projected to grow with the highest pace in near future.  Mainly due to the major focus on concerns regarding the damaging effects of synthetic chemicals on the human skin.

As people are leaning more toward the adoption of bio-based personal hygiene items, it is expected that the demand for green chemicals will increase from the personal care products sector, mainly from countries like India, China, America, Germany and United Kingdom.

European region, held the largest share in the global green chemicals market in the recent years. This can be accounted due to the growing adoption of green chemicals in several industries, for instance, personal care, food & beverages, packaging and automotive, credited to the government of this region is focusing more upon environment friendly solutions.   

The adoption of packaging materials made from animal waste and plants has contributed toward the growth of green chemicals industry. This can be ascribed as bio-based packaging comes with several benefits like, less requirement for raw material, non-toxic in nature, low production cost and easily disposable.

People are becoming more concerned about environmental problems, the acceptance of bio-based packaging materials will grow in the future years, which will increase the demand for green chemicals for their production.