With more than 60 known use cases in which pharmaceutical companies have employed green chemistry in their research / manufacturing processes, the green chemistry market is anticipated to evolve at a steady pace.
Green chemistry involves the design, development and implementation of chemical products and processes that minimize or eliminate hazardous substances. In the pharmaceutical industry, green chemistry is vital for promoting environmental sustainability and improving the efficiency of chemical synthesis. Traditional drug manufacturing is energy-intensive and dependent on non-renewable resources, leading to significant waste generation and costly disposal. For example, global production of active pharmaceutical ingredients (APIs) is estimated to be 65 million to 100 million kilograms annually, generating approximately 10 billion kilograms of waste, with disposal costs around $20 billion.
The pharmaceutical industry is responsible for approximately 17% of global carbon emissions, with nearly half of this footprint stemming from the manufacturing of APIs and their raw materials. With increasing environmental concerns, there is an urgent need for industry to adopt greener production methods. Consequently, pharmaceutical companies are integrating green chemistry principles into their operations, utilizing various techniques such as photochemistry, electrochemistry, and biocatalysis. In the pharmaceutical industry, biocatalysis presents a significant application of green chemistry in chemical synthesis. This approach has demonstrated significant advantages, including reduction in manufacturing time by 80%, increase in production yield, decrease in the cost of starting materials by more than 99%, and elimination of the use of organic solvents during purification processes.
Green chemistry provides various benefits to the pharmaceutical industry, including reduced reliance on toxic substances, cost savings, and enhanced process efficiency. Thus, many pharmaceutical companies are increasingly focusing on green chemistry to ensure a sustainable future. Notably, firms such as AstraZeneca, BASF, and Pfizer are aiming for net-zero emissions across their supply chains by 2040 or 2050. These efforts align with global regulatory standards and respond to rising consumer demand for eco-friendly products.
As companies increasingly invest in green chemistry and sustainable technologies, the green chemistry market is expected to experience substantial growth, paving the way for a more sustainable and responsible future in drug development and manufacturing.
Research Coverage:
The report on green chemistry market covers the following elements:
- A project background providing an introduction to the context of the green chemistry market report and outlining various project objectives.
- An overview of the systematic research methodology employed to study the green chemistry industry, providing information on various assumptions, methodologies, and quality control measures used to ensure the accuracy and reliability of our findings.
- An infographic executive summary presenting key insights gathered during our research, providing a high-level perspective on the current state of green chemistry initiatives and green chemistry solution providers.
- A general overview of green chemistry, covering the 12 principles of green chemistry and prominent types of green chemistry methods. It also discusses various applications of green chemistry and addresses the challenges associated with its implementation.
- A comprehensive assessment of green chemistry initiatives within the pharma industry, based on several relevant parameters, such as the type of green chemistry method involved (biocatalysis, electrochemistry, photochemistry and others), purpose of initiative (research and manufacturing), therapeutic area of drug synthesized (cardiovascular disorders, infectious diseases, metabolic disorders, neurological disorders, oncological disorders, respiratory disorders and other disorders) and impact of initiative (energy efficient processes, improvement in yield, reduction in carbon footprint, reduction in manufacturing time, reduction in metal consumption, reduction in solvent-use, reduction in waste and others). Further, the report also provides information on the green chemistry initiatives stakeholders, along with analysis on various parameters, such as year of establishment, company size (in terms of employee count) and location of headquarters (region and country).
- An evaluation of the green chemistry solution providers, based on various relevant parameters, such as year of establishment, company size (in terms of employee count) and location of headquarters (region and country), type of solution offered (product, platform and service), type of green chemistry method involved (biocatalysis, electrochemistry and photochemistry), pharmaceutical application (research, manufacturing and other applications), and type of service offered (research, product / process development, manufacturing, scale-up and other services).
- Elaborate profiles of key companies in the green chemistry market. Each profile includes a brief overview of the company (year of establishment, location of headquarters, number of employees, management team and business segments), information on their green chemistry initiatives, recent developments and an informed future outlook.
- A comprehensive case study on big pharma initiatives that examine the impact of green chemistry practices on the pharmaceutical industry.
- A detailed assessment of various ongoing megatrends in the green chemistry industry, including rising demand for sustainable drug manufacturing, technological advancements in green chemistry practices, integration of continuous flow manufacturing with green chemistry practices, convergence of AI, data science with green chemistry applications, development of sustainability metrices, and many more.
- A detailed analysis identifying factors that influence the growth of green chemistry market. It includes insights into key drivers, potential restraints, emerging opportunities, and existing challenges in this domain.
Key Benefits of Buying this Report
- The report provides valuable insights into key green chemistry solution providers that are shaping the market landscape and driving sustainable practices in the industry.
- Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
- The report provides stakeholders with an overall outlook of the green chemistry market, featuring essential information on significant market drivers, barriers, opportunities, and challenges.
Example Companies Profiled
- Amgen
- AstraZeneca
- Bristol Myers Squibb
- Codexis
- Johnson & Johnson
- Merck
- Merck KGaA
- Pfizer