Global green mining market to reach $16.9 billion by 2029

The global market for green mining is expected to increase from $11.4 billion in 2023 to reach US $16.9 billion by 2029, at a compound annual growth rate of 7.4% from 2024 through 2029, according to a new report by BCC Research.

Green mining focuses on sustainable practices that minimize environmental impacts across mining operations. The market is segmented by surface and underground mining, technologies such as power, fuel, maintenance, emission, and water reduction, and region . “Stricter environmental laws are forcing industries, including mining, to adopt more sustainable practices,” the researcher says. “Governments and international bodies are setting higher standards to protect the environment, pushing mining companies to reduce their impact, use cleaner technologies, and manage resources responsibly. This pressure to comply with new regulations is driving innovation in greener practices within the mining industry.

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