GC3 report shows significant increase in green

LOWELL, Mass., November 17, 2021 (GLOBE NEWSWIRE) – The Green Chemistry & Commerce Council (GC3), in partnership with NYU Stern Center for Sustainable Business, North Carolina State University, the Dynamic Sustainability Lab at Syracuse University, and Duke University, has released a new report documenting significant growth in marketed green chemistry products, both in sales and in consumer demand.

In a market analysis comparing point-of-sale data for 10 categories of personal and household care products, the share of green chemicals increased from 10.1% between 2015 and 2019 to 14.3% compared to formulations conventional and to products without the commercialization of green chemistry. Sales continued to climb in 2020 despite expectations of turbulence due to the coronavirus pandemic.

“This report quantifies what our GC3 members already know: There is a clear and compelling market demand for products with safer and more sustainable chemical ingredients,” said Joel Tickner, Executive Director of GC3. “GC3 member companies across the value chain strive to innovate and deliver products that meet this market imperative. “

The analysis found that green chemicals generated 62% of the market growth, 12.6 times faster than their conventional counterparts. In eight out of ten categories, the sales growth of these products exceeded the growth of their respective categories. Product categories included automotive wax, dishwashing detergent, floor cleaner, household cleaners, pavement de-icing, pool chemicals, skin care, soap, sunscreen lotion, and detergent. laundry. The messages on the package included phrases such as “EPA Safer Choice”, “herbal”, “organic”, “phthalate free” and “paraben free”.

Through an industry survey and case studies, the research team found that in addition to consumer activity, the growth of the green chemicals industry is being fueled by investor expectations as well as through government policies such as the European Commission Chemicals Strategy for Sustainability. Leaders in the value chain take note: in a survey of 55 companies, 84% say they have increased their investments in R&D of green chemicals during the period of analysis, and 98% foresee the continuation investments over the next five years.

The sector’s trajectory indicates a strong source of jobs and economic growth: for every job created in the green chemicals industry, on average, eight additional jobs are created, and for every dollar of added value created, more than six dollars of added value are created throughout the US economy.

ABOUT GC3

The Green Chemistry & Commerce Council (GC3) envisions a global economy where all chemicals, materials and products are safe and sustainable in their creation, use, transport, disposal, recycling and reuse. Launched in 2005, the Green Chemistry & Commerce Council encourages the large-scale commercial adoption of safer, more sustainable and efficient chemical solutions by encouraging collaboration in the value chain; cultivate the first arrivals; convene industry decision-makers to obtain major commitments and create a favorable political environment. Over 100 organizations are members of GC3.

www.chimieverteetcommerce.org | @ Le_GC3

Jennifer landry
Green Chemistry and Commerce Council (GC3)
[email protected]

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