Lignin Waste Market Size

Lignin Waste Market size was over USD 762.0 Billion in 2023 and is expected to cross USD 1362.3 Billion by the end of 2036, growing at more than 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of lignin waste is assessed at USD 882.1 Billion.

People started realizing the importance of environmental conservation and the need for sustainable products for the planet to prevent climatic changes and stop diversity loss. Growing awareness about waste applications from lignin in various sectors contributes to lignin waste market growth. Moreover, low-quality lignin can be extracted from waste products derived from biorefineries and the pulp & paper industry. According to the Royal Society of Chemistry in 2024, around 100 million tons of lignin is produced annually, of which only 2% is recovered from the total for material utilization.