The global population keeps growing and should reach 11.2 billion people before the end of the century. One of the consequences will be an increase in demand for natural and environmentally friendly products with reduced carbon footprints.
Today the main concern and innovation driver for companies in the materials science industry is to develop sustainable, smart, and responsive materials that also offer improved physical properties. Novel formulations, including biomaterials, impart new functionalities to existing materials while expanding the scope of innovation. Companies in the construction, automotive, packaging, and manufacturing sectors are integrating sustainable materials and involving renewable energy sources into their processes. Eventually, these efforts aim to lessen the burden of waste on the planet. Sustainable materials also provide a boost for circular systems and allow for the implementation of a circular economy.
Sustainability is becoming a key priority for more and more brands across the ever-evolving cosmetics, hygiene, and life science industries. In an effort to appeal to a growing population of eco-conscious consumers, companies are looking for ways to emphasize greener initiatives, without compromising on the quality and reach of products. To reach carbon neutrality goals, companies are starting to experiment and formulate with biosynthetic ingredients like biobased feedstocks and palm oil alternatives.