Green Tires Market Size, Share & Trends Analysis Report, 2024–2030
The global green tires market size was estimated at USD 124.8 million in 2023 and is projected to reach USD 4.05 million by 2030, growing at a CAGR of 11.9% from 2024 to 2030. The rapid growth of this market is driven by increasing concerns over greenhouse gas emissions, the depletion of natural resources, and the automotive industry's shift toward sustainable alternatives. Green tires are produced using eco-friendly and recycled materials such as plant-based silica, bio-derived rubber, and recycled carbon black, which reduce dependence on fossil resources and enhance sustainability across the supply chain. These materials help minimize environmental impact by lowering carbon emissions, reducing waste, and improving overall manufacturing efficiency. Global sustainability regulations are further accelerating green tire adoption. For instance, in July 2022, the Indian Ministry of Road Transport and Highways introduced regula...