· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on CNBC or enjoy below:
🗞️ Driving the news: Vinyl records, despite their growing popularity, are made from non-renewable materials with a high carbon footprint
• The industry relies on PVC, a material known for its toxic manufacturing process
• Companies like Evolution Music are developing plant-based alternatives to make vinyl production more sustainable
🔭 The context: In 2024, 30 million vinyl records were sold in the US and UK alone, with the global market projected to reach $1.5 billion by 2030
• Vinyl pressing plants are now exploring eco-friendly solutions like Evovinyl, a polymer made from sugar cane waste
• Some alternatives, like those tested by Packaged Sounds, can reduce energy consumption by 15% compared to traditional PVC
🌍 Why it matters for the planet: Vinyl records contribute to plastic pollution and carbon emissions, making sustainability a growing concern in the music industry
• New plant-based materials could reduce reliance on fossil fuels and lower the environmental impact of record production
⏭️ What's next: Evolution Music aims to develop a fully organic vinyl material, with their current product already 98% plant-based
• More record pressing plants may adopt eco-friendly alternatives as demand for sustainable music formats grows
💬 One quote: “No industry gets out of that, and vinyl pressing shouldn’t expect to either.” — Barry Hurley, Managing Director, Packaged Sounds
📈 One stat: The global vinyl market is projected to be worth $1.5 billion by 2030
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