Renewable Polyethylene Market Size

Renewable Polyethylene Market size is anticipated to reach USD 7.06 Billion by the end of 2036, growing at a CAGR of 18% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of renewable polyethylene was over USD 970 Million.

Increasing awareness of environmental sustainability and the need to reduce carbon emissions drive demand for bio-based alternatives in the plastic sector. As observed by Research Nester analysts, the global carbon dioxide emissions from fossil fuels and industry totaled around 37 billion metric tons in 2022, and are even projected to rise by 1.1 % in 2024.  Renewable polyethylene provides a viable solution by utilizing renewable resources and reducing the carbon footprint associated with traditional polyethylene production.

Moreover, supportive government policies and regulations promoting the use of bio-based materials contribute to market growth. Incentives and initiatives aimed at fostering a circular economy and reducing plastic waste further enhance the prospects of the renewable polyethylene market. The market’s significance lies in its role as a sustainable solution in the plastics industry, addressing environmental concerns and contributing to the transition towards more eco-friendly materials.