By Waste Management (Electronic Waste, Food Waste, Plastic Recycling, Clothing & Textile, Wood Recycling, Glass Recycling), By Industry (Textile, Construction, Automotive, Logistic......s, Furniture, Oil & Gas, Others), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Dell, Sony, Panasonic, IBM, Cisco, Regrained, Unilever, Nestle, The Savola Group, IKEA Food, Levi Strauss, H&M Group, Adidas, Zara, Madewell, and others) Read more
- Energy
- Oct 2023
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Market Definition
A circular economy is an economic system that aims to minimize waste & maximize the efficient use of resources. In it, the traditional "take-make-dispose" linear model is replaced with a more sustainable & regenerative approach.
Market Insights & Analysis: Global Circular Economy Market (2024-30):
The Global Circular Economy Market is valued at around USD 553 billion in 2023 and is estimated to grow at a CAGR of about 13.19% during the forecast period, i.e., 2024-30. The market's growth is expected to be primarily fueled by the escalating concerns surrounding environmental degradation and the substantial waste generation across various product categories, largely attributed to the exponentially increasing global population. Innovation also plays a pivotal role in the market, as businesses are developing innovative technologies, materials, and business models to facilitate the transition to circularity.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2019-22 |
| Base Year: 2023 | |
| Forecast Period: 2024-30 | |
| CAGR (2024-2030) | 13.19% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of the Middle East & Africa | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | Dell, Sony, Panasonic, IBM, Cisco, Regrained, Unilever, Nestle, The Savola Group, IKEA Food, Levi Strauss, H&M Group, Adidas, Zara, Madewell, and others |
| Market Value (2023) | USD 553 billion |
Digital technologies, IoT, data analytics, and material science advancements are driving innovation in this space & accelerating market growth. It, in turn, is generating growth opportunities for the leading players to reuse & recycle goods and turn them into useful resources instead of directing them into landfills & scraps. Additionally, stringent norms for the proper disposal of waste and its reuse are encouraging several industries to adopt digitalization & decarbonization to attain enhanced efficiency and cost-effectiveness through the circular economy and, in turn, propel the global industry.
Among all industries, the construction sector is greatly thrusting toward reducing carbon emissions & attaining zero emissions. As a result, it is attracting new businesses and carbon-intensive organizations into the circular economy and augmenting the overall market growth. Moreover, the active participation & support from institutions like the United Nations on circular economy is another prominent aspect projected to drive the Circular Economy Market through 2030.
Global Circular Economy Market Research Report (2024-2030) - Table of Contents
- Market Segmentation
- Introduction
- Type Definition
- Research Process
- Assumptions
- Executive Summary
- Global Circular Economy Market Trends & Developments
- Global Circular Economy Market Dynamics
- Drivers
- Challenges
- Global Circular Economy Market Supply Chain Analysis
- Global Circular Economy Market Porter Five Analysis
- Global Circular Economy Market Start-up Ecosystem
- Entrepreneurial Activity
- Funding Received by Top Companies
- Key Investors Active in the Market
- Series Wise Funding Received
- Global Circular Economy Market Regulations, Policies & Standards
- Global Circular Economy Hotspot & Opportunities
- Global Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Size & Analysis
- By Waste Management
- Electronic Waste- Market Size & Forecast 2019-2030, USD Million
- Food Waste- Market Size & Forecast 2019-2030, USD Million
- Plastic Recycling- Market Size & Forecast 2019-2030, USD Million
- Clothing & Textile- Market Size & Forecast 2019-2030, USD Million
- Wood Recycling- Market Size & Forecast 2019-2030, USD Million
- Glass Recycling- Market Size & Forecast 2019-2030, USD Million
- By Industry
- Textile - Market Size & Forecast 2019-2030, USD Million
- Construction - Market Size & Forecast 2019-2030, USD Million
- Automotive- Market Size & Forecast 2019-2030, USD Million
- Logistics- Market Size & Forecast 2019-2030, USD Million
- Furniture- Market Size & Forecast 2019-2030, USD Million
- Oil & Gas- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- By Competition
- Competition Characteristics
- Market Share Analysis
- By Waste Management
- Market Size & Analysis
- North America Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Source- Market Size & Forecast 2019-2030, USD Million
- By Mode of Application- Market Size & Forecast 2019-2030, USD Million
- By Industries- Market Size & Forecast 2019-2030, USD Million
- By Country
- The US
- Canada
- Mexico
- The US Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Canada Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Mexico Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- South America Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Source- Market Size & Forecast 2019-2030, USD Million
- By Mode of Application- Market Size & Forecast 2019-2030, USD Million
- By Industries- Market Size & Forecast 2019-2030, USD Million
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Argentina Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Europe Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Source- Market Size & Forecast 2019-2030, USD Million
- By Mode of Application- Market Size & Forecast 2019-2030, USD Million
- By Industries- Market Size & Forecast 2019-2030, USD Million
- By Country
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Germany Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- The UK Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- France Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Spain Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Italy Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- The Middle East & Africa Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Source- Market Size & Forecast 2019-2030, USD Million
- By Mode of Application- Market Size & Forecast 2019-2030, USD Million
- By Industries- Market Size & Forecast 2019-2030, USD Million
- By Country
- The UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- The UAE Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Saudi Arabia Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- South Africa Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Source- Market Size & Forecast 2019-2030, USD Million
- By Mode of Application- Market Size & Forecast 2019-2030, USD Million
- By Industries- Market Size & Forecast 2019-2030, USD Million
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- China Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Japan Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- India Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- South Korea Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Australia Circular Economy Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues USD Million
- Market Share & Analysis
- By Waste Management- Market Size & Forecast 2019-2030, USD Million
- By Industries - Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Global Circular Economy Market Key Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles (Electronic Waste)
- Dell
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Sony
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Panasonic
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- IBM
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Cisco
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Dell
- Company Profiles (Food Waste)
- Regrained
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Uniliver
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Nestle
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- The Savola Group
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- IKEA Food
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Regrained
- Company Profiles (Clothing & Textile)
- Levi Strauss
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- H&M Group
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Addidas
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Zara
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Madewell
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Levi Strauss
- Company Profiles (Electronic Waste)
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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