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Smithers Rapra

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uuid002tkr8

Namestring
Smithers Rapra
Legal namestring
Smithers Rapra
Company typeenum
Private
Founded yearint
1959
Descriptiontext

Smithers Rapra, operating under the consolidated "Smithers" brand, is a privately held B2B market research, publishing, and consulting firm headquartered in Shrewsbury, United Kingdom. The company specializes in delivering data-driven industry intelligence across specialized verticals including rubber, plastics, composites, packaging, digital printing, tire raw materials, and recovered carbon black (rCB). Its core product portfolio consists of subscription and one-time-purchase market research reports — covering markets such as digital print (projected to grow from $167.5B in 2025 to $251.1B by 2035), e-commerce packaging ($78.4B in 2025, 4.8% CAGR), post-consumer recycled (PCR) plastic packaging, and fibre-based food packaging — alongside annual professional conferences, most notably the Recovered Carbon Black Europe and Asia franchises, which serve as the leading convening forums for the global rCB supply chain.

The firm's business model is built on two intertwined revenue streams: (1) proprietary market research published and sold via direct B2B sales to enterprise clients, with reports typically generated through primary survey work drawing on input from hundreds of industry professionals; and (2) conference and event hosting, generating revenue through delegate fees, sponsorship, and exhibition space. Customer segments are horizontal across multiple verticals (packaging professionals, tire manufacturers, pyrolysis and rCB producers, digital print equipment buyers, and PCR packaging stakeholders), with co-development engagements — such as the joint fibre-based packaging study with UPM Specialty Materials and the U.S. source reduction report with AMERIPEN and the Consumer Brands Association — extending the offering beyond syndicated reports into bespoke advisory.

Founded in 1925 (firmographic) under a brand now consolidated across the Smithers Group, the company operates globally with a 251-500 employee headcount and serves clients in the UK, continental Europe, North America, and Asia-Pacific. Its competitive position rests on long-standing brand authority in narrow materials and packaging verticals, a primary-research methodology that produces proprietary forecast data, and the recurring conference franchise that doubles as marketing channel and revenue source. No parent company, institutional backing, or public listing is identified, and the firm is privately controlled.

Short descriptiontext

Smithers is a privately held UK-based B2B market research and conference firm publishing syndicated industry reports and hosting professional events for the rubber, plastics, composites, packaging, digital print, and recovered carbon black sectors globally.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersShrewsbury, United Kingdom
HQ citystring
Shrewsbury
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
market research reports, industry conferences, packaging market analysis, polymer materials research, rubber industry consulting
Industry3 codes
1Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards)
CodeEUABAEAJPrimaryYes
2ESG/Sustainability Reporting & Disclosure Platforms
CodeEUABAEABPrimaryNo
3Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms
CodeEUABAEAEPrimaryNo
NAICS code1 code
  • Marketing Research and Public Opinion Polling54191
SIC code1 code
  • Services-Commercial Physical & Biological Research8731
Product category
Market Research & Industry Consulting
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Market Research Reports
TypeOne Time License
Description

Smithers publishes and sells industry-specific market research reports covering packaging, printing, tire materials, and recycled content markets. Reports are available for one-time purchase or subscription.

finance.yahoo.com
2Conference & Event Hosting
TypeProfessional Services
Description

Organizes professional conferences such as Recovered Carbon Black Asia and Europe, generating revenue through delegate fees, sponsorship, and exhibition space.

recyclingtoday.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Smithers Rapra (operating under the Smithers brand) publishes and sells industry-specific market research reports covering packaging, printing, tire raw materials, recovered carbon black, and recycled content markets, and organizes professional industry conferences such as Recovered Carbon Black Asia and Recovered Carbon Black Europe. The firm delivers data-driven forecasts and trend analyses built from primary research input gathered from hundreds of industry professionals, and serves as a networking and knowledge-sharing forum for materials, packaging, printing, and tire industry stakeholders globally.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Global digital packaging and label market projected to grow from $22.0B to $36.9B in 2030
+2 more records
Product overview1 text field

Smithers Rapra operates as a market research and consulting firm that publishes industry-specific reports and organizes professional conferences. The company's product portfolio consists primarily of market research reports covering various packaging, printing, and materials sectors—including recovered carbon black, digital printing, e-commerce packaging, PCR packaging, tire raw materials, and fibre-based packaging—along with annual conferences such as Recovered Carbon Black Asia and Recovered Carbon Black Europe that serve as industry networking forums. The firm functions as a consultancy delivering data-driven insights to packaging professionals and industry stakeholders.

Product and service9 records
1Recovered Carbon Black Asia Conference
CategoryConference/Event
2Recovered Carbon Black Europe Conference
CategoryConference/Event
3Digital Print for Packaging Report
CategoryMarket Research Report
4Digital Print Market Analysis
CategoryMarket Research Report
5E-commerce Packaging Market Research
CategoryMarket Research Report
6PCR Packaging Market Report
CategoryMarket Research Report
7Tire Raw Materials Report
CategoryMarket Research Report
8Fibre-based Food Packaging Study
CategoryMarket Research Report
9Source Reduction Joint Report
CategoryMarket Research Report
Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-11-13
Description

Smithers delivered a joint report for AMERIPEN, Consumer Brands Association, and Consumer Technology Association estimating that industry-led source reduction efforts decreased U.S. packaging volume by approximately five million metric tons between 2019 and 2024.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Smithers and UPM Specialty Materials co-published a research study on fibre-based food packaging market trends, drawing on input from over 230 packaging professionals. The study projects fibre-based packaging will hold 42% of global food packaging market by 2045.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Global market research firm producing subscription reports on consumer packaged goods, packaging, and sustainability. Closely comparable in B2B report publishing, subscription revenue model, and packaging/sustainability coverage.

TypeDirect peer
Description

Industry market research firm producing studies on packaging, materials, and industrial markets. Comparable as a similarly sized specialist research publisher serving B2B enterprise clients.

TypeDirect peer
Description

B2B market research firm publishing syndicated reports across packaging, materials, and industrial sectors. Comparable in report-based revenue model, vertical coverage, and direct enterprise sales motion.

TypeBroad incumbent
Description

Large-scale market intelligence provider covering commodities, energy, and materials. Comparable as a higher-tier incumbent offering overlapping research on tire raw materials, recovered carbon black, and packaging-adjacent commodity trends.

TypeBroad incumbent
Description

Global market research and consulting firm covering materials, packaging, and industrial verticals. Comparable as a broader-portfolio incumbent with similar report-and-consulting mix.

TypeBroad incumbent
Description

Global commodity and energy price reporting agency with adjacent coverage of carbon black feedstocks and tire raw materials. Comparable as an intelligence incumbent with subscription and conference businesses serving industrial buyers.

TypeBroad incumbent
Description

The broader Smithers organization encompassing testing, consulting, and research divisions. Comparable as the umbrella group that hosts the Rapra publishing arm and operates across Smithers' full materials-testing and advisory portfolio.

TypeBroad incumbent
Description

Independent market research provider with broad coverage of industries including packaging and consumer goods. Comparable as a larger incumbent offering syndicated and custom research across overlapping verticals.

TypeDirect peer
Description

The consolidated Smithers brand that absorbs Smithers Rapra's market research and conference operations. Directly comparable as the immediate successor entity offering overlapping research and event services in packaging, materials, and printing.

TypeDirect peer
Description

Specialist market research firm producing deep reports on emerging materials and industrial technologies. Comparable as a niche research publisher with conference adjacencies serving technical B2B buyers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Smithers Rapra

Market Research & Industry Consultingsmithersrapra.com

Smithers is a privately held UK-based B2B market research and conference firm publishing syndicated industry reports and hosting professional events for the rubber, plastics, composites, packaging, digital print, and recovered carbon black sectors globally.

What Smithers Rapra does

Smithers Rapra, operating under the consolidated "Smithers" brand, is a privately held B2B market research, publishing, and consulting firm headquartered in Shrewsbury, United Kingdom. The company specializes in delivering data-driven industry intelligence across specialized verticals including rubber, plastics, composites, packaging, digital printing, tire raw materials, and recovered carbon black (rCB). Its core product portfolio consists of subscription and one-time-purchase market research reports — covering markets such as digital print (projected to grow from $167.5B in 2025 to $251.1B by 2035), e-commerce packaging ($78.4B in 2025, 4.8% CAGR), post-consumer recycled (PCR) plastic packaging, and fibre-based food packaging — alongside annual professional conferences, most notably the Recovered Carbon Black Europe and Asia franchises, which serve as the leading convening forums for the global rCB supply chain.

The firm's business model is built on two intertwined revenue streams: (1) proprietary market research published and sold via direct B2B sales to enterprise clients, with reports typically generated through primary survey work drawing on input from hundreds of industry professionals; and (2) conference and event hosting, generating revenue through delegate fees, sponsorship, and exhibition space. Customer segments are horizontal across multiple verticals (packaging professionals, tire manufacturers, pyrolysis and rCB producers, digital print equipment buyers, and PCR packaging stakeholders), with co-development engagements — such as the joint fibre-based packaging study with UPM Specialty Materials and the U.S. source reduction report with AMERIPEN and the Consumer Brands Association — extending the offering beyond syndicated reports into bespoke advisory.

Founded in 1925 (firmographic) under a brand now consolidated across the Smithers Group, the company operates globally with a 251-500 employee headcount and serves clients in the UK, continental Europe, North America, and Asia-Pacific. Its competitive position rests on long-standing brand authority in narrow materials and packaging verticals, a primary-research methodology that produces proprietary forecast data, and the recurring conference franchise that doubles as marketing channel and revenue source. No parent company, institutional backing, or public listing is identified, and the firm is privately controlled.

Smithers Rapra firmographics

Firmographics
Name
Smithers Rapra
Legal name
Smithers Rapra
Website
https://smithersrapra.com
Company type
Private
Founded year
1959
Operating status
Operating
Headcount range
251–500 employees
Short description
Smithers is a privately held UK-based B2B market research and conference firm publishing syndicated industry reports and hosting professional events for the rubber, plastics, composites, packaging, digital print, and recovered carbon black sectors globally.
Ownership category
akta.pro rank

Smithers Rapra industry classification

Industry
Product category
Market Research & Industry Consulting
NAICS
Marketing Research and Public Opinion Polling (54191)
SIC
Services-Commercial Physical & Biological Research (8731)
akta.pro primary industry
Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards) (EUABAEAJ)
akta.pro secondary industries
ESG/Sustainability Reporting & Disclosure Platforms (EUABAEAB), Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms (EUABAEAE)

Keywords

  • Market research reports
  • Industry conferences
  • Packaging market analysis
  • Polymer materials research
  • Rubber industry consulting

Where Smithers Rapra is headquartered

Location

Headquarters

HQ city
Shrewsbury
HQ country
United Kingdom
HQ region
Europe

Markets served

Smithers Rapra business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

  1. Market Research Reports: Smithers publishes and sells industry-specific market research reports covering packaging, printing, tire materials, and recycled content markets. Reports are available for one-time purchase or subscription.
  2. Conference & Event Hosting: Organizes professional conferences such as Recovered Carbon Black Asia and Europe, generating revenue through delegate fees, sponsorship, and exhibition space.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Smithers Rapra product offering

Product offering

Core offering

Smithers Rapra (operating under the Smithers brand) publishes and sells industry-specific market research reports covering packaging, printing, tire raw materials, recovered carbon black, and recycled content markets, and organizes professional industry conferences such as Recovered Carbon Black Asia and Recovered Carbon Black Europe. The firm delivers data-driven forecasts and trend analyses built from primary research input gathered from hundreds of industry professionals, and serves as a networking and knowledge-sharing forum for materials, packaging, printing, and tire industry stakeholders globally.

Product overview

Smithers Rapra operates as a market research and consulting firm that publishes industry-specific reports and organizes professional conferences. The company's product portfolio consists primarily of market research reports covering various packaging, printing, and materials sectors—including recovered carbon black, digital printing, e-commerce packaging, PCR packaging, tire raw materials, and fibre-based packaging—along with annual conferences such as Recovered Carbon Black Asia and Recovered Carbon Black Europe that serve as industry networking forums. The firm functions as a consultancy delivering data-driven insights to packaging professionals and industry stakeholders.

Differentiator

Problem solved

Functional benefit

Products and services

  • Recovered Carbon Black Asia Conference
  • Recovered Carbon Black Europe Conference
  • Digital Print for Packaging Report
  • Digital Print Market Analysis
  • E-commerce Packaging Market Research
  • PCR Packaging Market Report
  • Tire Raw Materials Report
  • Fibre-based Food Packaging Study
  • Source Reduction Joint Report

Quantifiable outcome

  • Global digital packaging and label market projected to grow from $22.0B to $36.9B in 2030
  • +2 more outcomes

Companies that use Smithers Rapra

Customer profile

Segments4 records

Ideal customer profiles3 records

Smithers Rapra technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Smithers Rapra partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • AMERIPEN, Consumer Brands Association, Consumer Technology AssociationcoreStrategic or Co-development Partner · 13 November 2025Smithers delivered a joint report for AMERIPEN, Consumer Brands Association, and Consumer Technology Association estimating that industry-led source reduction efforts decreased U.S. packaging volume by approximately five million metric tons between 2019 and 2024.
  • UPM Specialty MaterialscoreStrategic or Co-development PartnerSmithers and UPM Specialty Materials co-published a research study on fibre-based food packaging market trends, drawing on input from over 230 packaging professionals. The study projects fibre-based packaging will hold 42% of global food packaging market by 2045.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Smithers Rapra competitors and assessment

Company assessment

Direct peers

  • Mintel: Global market research firm producing subscription reports on consumer packaged goods, packaging, and sustainability. Closely comparable in B2B report publishing, subscription revenue model, and packaging/sustainability coverage.
  • Freedonia Group: Industry market research firm producing studies on packaging, materials, and industrial markets. Comparable as a similarly sized specialist research publisher serving B2B enterprise clients.
  • MarketsandMarkets: B2B market research firm publishing syndicated reports across packaging, materials, and industrial sectors. Comparable in report-based revenue model, vertical coverage, and direct enterprise sales motion.
  • Smithers (parent brand): The consolidated Smithers brand that absorbs Smithers Rapra's market research and conference operations. Directly comparable as the immediate successor entity offering overlapping research and event services in packaging, materials, and printing.
  • IDTechEx: Specialist market research firm producing deep reports on emerging materials and industrial technologies. Comparable as a niche research publisher with conference adjacencies serving technical B2B buyers.

Broad incumbents

  • S&P Global Commodity Insights: Large-scale market intelligence provider covering commodities, energy, and materials. Comparable as a higher-tier incumbent offering overlapping research on tire raw materials, recovered carbon black, and packaging-adjacent commodity trends.
  • Frost & Sullivan: Global market research and consulting firm covering materials, packaging, and industrial verticals. Comparable as a broader-portfolio incumbent with similar report-and-consulting mix.
  • Argus Media: Global commodity and energy price reporting agency with adjacent coverage of carbon black feedstocks and tire raw materials. Comparable as an intelligence incumbent with subscription and conference businesses serving industrial buyers.
  • Smithers (parent entity): The broader Smithers organization encompassing testing, consulting, and research divisions. Comparable as the umbrella group that hosts the Rapra publishing arm and operates across Smithers' full materials-testing and advisory portfolio.
  • Euromonitor International: Independent market research provider with broad coverage of industries including packaging and consumer goods. Comparable as a larger incumbent offering syndicated and custom research across overlapping verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Smithers Rapra social profiles

Digital presence

Smithers Rapra financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Smithers Rapra leadership team

Management profile

Number of profiles

Profiles1 record

Smithers Rapra funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Smithers Rapra M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Smithers Rapra

What does Smithers Rapra do?

Smithers Rapra (operating under the Smithers brand) publishes and sells industry-specific market research reports covering packaging, printing, tire raw materials, recovered carbon black, and recycled content markets, and organizes professional industry conferences such as Recovered Carbon Black Asia and Recovered Carbon Black Europe. The firm delivers data-driven forecasts and trend analyses built from primary research input gathered from hundreds of industry professionals, and serves as a networking and knowledge-sharing forum for materials, packaging, printing, and tire industry stakeholders globally.

Is Smithers Rapra a public or private company?

Smithers Rapra is a private company. It is classified as unknown and is currently operating.

When was Smithers Rapra founded?

Smithers Rapra was founded in 1959. It employs 251 to 500 people.

Where is Smithers Rapra based?

Smithers Rapra is headquartered in Shrewsbury, United Kingdom, in the Europe region.

How does Smithers Rapra make money?

Two revenue lines are on record. Market Research Reports are the primary driver. The others are conference & Event Hosting.

Who are Smithers Rapra's main competitors?

Direct peers on record are Mintel, Freedonia Group, MarketsandMarkets, Smithers (parent brand) and IDTechEx. Broad incumbents are S&P Global Commodity Insights, Frost & Sullivan, Argus Media, Smithers (parent entity) and Euromonitor International.

Does Smithers Rapra have an API?

No public API is recorded for Smithers Rapra.

What industry is Smithers Rapra in?

Smithers Rapra's product category is Market Research & Industry Consulting. Its primary akta.pro industry code is EUABAEAJ, Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards), with a secondary code of EUABAEAB, ESG/Sustainability Reporting & Disclosure Platforms. Its NAICS code is 54191 and its SIC code is 8731.

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Live signals
Packaging GatewayFibre-based food packaging to lead market by 2045: StudyA study by UPM Specialty Materials and Smithers projects fibre-based packaging will hold the largest share of the global food packaging market by 2045, rising from 37% to 42%. Recycling rates are expected to increase from 31% in 2030 to 37% in 2045, with sustainability becoming a regulatory requirement.LabelandnarrowwebGenerative AI set to transform packaging industryA new report from Smithers indicates that generative AI is poised to reshape the $1.2 trillion global packaging market by enhancing efficiency, reducing costs, and accelerating product launches. The technology is driving innovations in design, supply chain management, and sustainability, with global investment in AI infrastructure expected to reach $2 trillion by 2026.SmithersThe Future Of Global Nonwovens To 2030A new market study from Smithers projects global nonwovens consumption will grow from 16.1 million tonnes valued at $67.2 billion in 2025 to 21.5 million tonnes valued at $90.8 billion by 2030, representing a projected annual growth rate of 6.2% in value terms. The report, authored by nonwovens consultant Philip Mango, indicates that consumption projections have been downgraded from previous forecasts due primarily to external geopolitical events, with demand slowing across most nonwoven markets. The top three growth drivers identified are tariffs, plastics reduction, and the global economy, with the plastics reduction trend noted as the only driver not tied to geopolitical factors.PaperandwoodSmithers: Regulations to Reshape Specialty PaSmithers forecasts that global demand for specialty papers will grow to 31.3 million tonnes by 2030, driven primarily by stricter regulations promoting recyclable and fiber-based packaging alternatives. The study highlights the impact of Europe's Packaging and Packaging Waste Regulation (PPWR) and emerging extended producer responsibility frameworks in other regions, which are accelerating the shift away from petroleum-based films toward sustainable paper structures.SmithersThe Future of Global Flexible Packaging to 2030Smithers released a market report forecasting the global flexible packaging industry to reach $290.95 billion in 2025, with consumption volume growing at an annual rate of 4.6% through 2030. The report highlights that environmental concerns and regulatory pressures are driving brand owners to transition from difficult-to-recycle plastics toward fibre-based and mono-material solutions.SmithersThe Future of Sustainable Barrier Coatings to 2030This article presents a market report titled 'The Future of Sustainable Barrier Coatings to 2030' by Smithers, forecasting the global sustainable barriers market will grow at a CAGR of 4.8% from 2025-2030, reaching 3.07 million tonnes in thermoplastic polymer consumption. The report analyzes key drivers such as recyclability and biobased materials, noting that while traditional polymers dominate, alternative coatings are gaining traction among brand owners and manufacturers. It targets raw material suppliers, converters, and retailers with insights into regional trends and regulatory impacts.SmithersPFAS in Fluorocarbon ElastomersSmithers is providing consultancy and testing services to help manufacturers in the aerospace, automotive, and chemical industries navigate emerging regulatory challenges regarding PFAS restrictions in Fluorocarbon Elastomers (FKMs). The article highlights the difficulty of replacing these materials due to their critical performance properties and the costly requalification processes required for alternatives.SmithersGlobal Industrial Packaging Market to GrowSmithers forecasts the global industrial packaging market to grow from $56.2 billion in 2019 to $66.0 billion by 2024, driven by international trade flows and manufacturing migration to developing regions. The report identifies key trends including potential impacts from trade disputes, regulatory challenges for manufacturers in emerging markets, and advancements in smart packaging technologies.SmithersThe Impact of Sustainability on Carbon Black to 2044Smithers Information published a report on sustainable carbon black technology, benchmarking methane, recovered, renewable and circular carbon blacks and alternative tire fillers, with 74% of the global carbon black market used in tires. The report estimates the sustainable carbon black market at 117ktpa in 2023, projected above 1 million tonnes in 2033, with less than 1% of new tire carbon black currently sustainable.SmithersThe Future of Sustainable EV Tires to 2029Smithers published a market report titled 'The Future of Sustainable EV Tires to 2029' forecasting that sustainable EV tire volume will grow at a 15.8% CAGR to reach 884.6 million units by 2029. The analysis covers the impact of electric, autonomous, and shared vehicle trends on tire design, raw material consumption, and supply chain evolution for major tire suppliers and automotive manufacturers.