Global Circular Economy Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Circular Economy market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report “Global Circular Economy Market Analysis, 2020”, the Global Circular Economy market is anticipated to grow at a significant CAGR during 2021-26F. The growth of the market is attributed to surging consumer focus on environmental issues, the burgeoning inclination of the countries such as Australia to achieve a zero-plastic waste economy on account of an upsurge in public interest in decreasing the environmental footprint of plastic products, and the establishment of circular economy with enhancing waste and materials management to address the problem of microplastics in the in marine litter and environment. Moreover, rising food wastage, increase in CO2 emission by the industries, and rising adoption of circular economy principal are the factors anticipated to accentuate the growth of the market in the forecast period
Market Segmentation
Food Waste Acquired Considerable Market Share
Based on Waste Management, Food Waste acquire a considerable market share in the Global Circular Economy market in 2020. The exponential surge in the population, rising economic development and urbanization and to reduce the food wastage in the household are some of the factors propelling the segment growth. Along with this, surging consumption of meat and dairy products and burgeoning production of food waste is affecting the sustainability of the food system. Besides these, the agri-food industry emits almost a quarter of greenhouse gas emissions globally which is further degrading the natural resources and polluting air, water, and soil. Thus, the need for circular economy is propelling in order to reduce the reduce waste and pollution and to provide a vision for a food system fit for the future. Hence, this is anticipated to strongly contribute towards the growth of the Circular Economy market globally in the near future as revealed by the MarkNtel Advisors’ research report “Global Circular Economy Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Circular Economy market include Electronic Waste (Dell, Sony, Panasonic, IBM, Cisco), Food Waste (Regrained, Unilever, Nestle, The Savola Group, IKEA Food), Clothing & Textile (Levi Strauss, H&M Group, Adidas, Zara, Madewell) etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Circular Economy Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Circular Economy Market during 2021-26?
A. The Global Circular Economy Market is forecast to grow at a considerable CAGR during 2021-26.
Q. Who are the key competitors or players operating in Global Circular Economy Market?
A. Electronic Waste (Dell, Sony, Panasonic, IBM, Cisco), Food Waste (Regrained, Unilever, Nestle, The Savola Group, IKEA Food), Clothing & Textile (Levi Strauss, H&M Group, Adidas, Zara, Madewell) etc., are few of the leading players in the Global Circular Economy Market.
Q. Which industry segment would emerge as an opportunity area for players in Global Circular Economy Market?
A. Textile is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Circular Economy Market?
A. Asia-Pacific continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Circular Economy Market.
