The green chemicals market is developing, and it will grow at a rate of 8.9% in the years to come for reaching USD 22,039 million by 2030. The main factors responsible for this growth are the increasing acceptance of biobased packaging and growing concerns for depletion of fossil fuels.

Bioalcohols had the largest share with regards to volume and value, on the basis of products. Moreover, it will consolidate the position in the future. This can be majorly credited the high-volume use of bioethanol as a substitute fuel for spark-ignition engines of automobiles.

Furthermore, a significant requirement for bioethanol ascends for the alcoholic beverages production, for example beer, brandy, vodka, gin, and whiskey.
The personal care category will grow the fastest in the years to come on the basis of application. This can be credited majorly to the increasing concerns about the harmful effects of artificial chemicals for the skin.

Consequently, with the increasing acceptance of personal hygiene and bio-based beauty products, the requirement for green chemicals from the personal sector will increase mainly in the U.S., Germany, the U.K., India, and China.

Recently, the  increasing acceptance of packaging materials produced from renewable sources, for example animal and plant waste, has brought about considerable growth in the industry. This has a lot to do with the environmental benefits of bio-based packaging, such as its non-toxicity, need for less raw material for manufacture, low cost of production, and appropriate disposal.

With the surge in environmental apprehensions, the acceptance of bio-based packaging materials will witness an increase in the future, which will fuel the requirement for green chemicals for their production.
Green chemicals are formed with plant or animal waste, that’s why they are ecological and non-toxic, leading to the growth of the green chemicals market, as stated by P&S Intelligence. 

Furthermore, they are not dangerous for the environment, unlike fossil fuels. These raw materials are also plentiful in nature, different from fossil fuels, having limited availability.
Thus, with the increasing concerns about the fast depletion of gas and oil reserves, the acceptance of green chemicals will increase in the future.