Circular Economy Market

Global Circular Economy Market Size, Trends & Analysis - Forecasts to 2028 By Business Model (Product-as-a-service {Leasing, Sharing, and Subscription Models}, Product Life & Product Use Extension {Reusing/Reselling, Repairing, and Remanufacturing}, and Resource Recovering/Upcycling), By Industry (Fashion & Textile Industry, Consumer Electronics Industry, Construction Industry, Automotive Industry, Logistics Industry, Agriculture, Furniture Industry, Oil and Gas Industry, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Chemicals & Advanced Material
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This report was recently updated on June 11 2024 with the latest and most recent market numbers

Global Circular Economy Market Size

The global circular economy market is estimated to exhibit a CAGR of 22.5% from 2023 to 2028.

The primary factors propelling the market growth are the growing volume of electronic waste and rising awareness of environmental issues, including climate change, resource depletion, and pollution. Precious metals, rare earth elements, and other resources can be found in electronic devices like computers, TVs, and cell phones. The need to collect and recycle these materials is expanding as the amount of e-waste rises, which adheres to the principles of the circular economy. Recycling electronic waste lessens the impact of mining and extraction on the environment and helps reduce the demand for virgin resources. Moreover, the circular economy encourages extending the lifespan of products. The widespread usage of electronic gadgets, many of which have limited lifespans due to the speed at which technology is developing, presents an opportunity to market both the resale of old electronics and repair and refurbishing services. These procedures can drastically increase the lifespan of electrical devices and decrease waste. For instance, according to TheRoundup.org, in 2021, 57.4 Mt (million metric tonnes) of e-waste were produced globally. The amount increased by 2 Mt per year on average.

The growing demand for sustainable products and the depletion of finite resources, such as fossil fuels, minerals, and rare metals, are expected to support the market growth throughout the forecast period. The scarcity of these necessary elements has come to light due to the depletion of finite resources. Individuals and companies are increasingly likely to implement circular economy strategies to lessen their dependency on unused raw materials as they become aware of the limited nature of these resources. By placing a strong emphasis on product and material reuse, recycling, and remanufacturing, the circular economy encourages sustainable resource management. By minimizing the need to extract additional resources, this strategy helps to lessen the strain on scarce resources and reduces its adverse effects on the environment. For instance, according to the United States Environmental Protection Agency, in 2018, 34.9% of aluminium containers and packaging, which includes foil, food containers, drink containers, and other aluminium packaging, were recycled overall in the United States.

Advances in the recycling process technology and favorable government policies and regulations propel market growth. Numerous countries establish waste reduction objectives, such as zero-waste targets, intending to reduce landfill discharge and foster recycling and recovery. These goals establish a strong feeling of urgency and waste reduction targets, encouraging the adoption of circular practices. Additionally, companies that invest in circular economy projects, such as recycling centers, renewable energy projects, or sustainable product design, can be eligible for tax incentives, grants, or subsidies from their governments. Circular practices become more economically desirable with these financial incentives.

There are growing opportunities in energy-efficient technology, eco-friendly manufacturing processes, and renewable energy investments. Furthermore, offering product maintenance, repair, and refurbishment services can be a lucrative business opportunity. This can prolong the life of a product and satisfy consumer demand for greener solutions. However, the market growth is hampered by a costly initial investment and a lack of customer awareness.

global circular economy market

Global Circular Economy Market: By Business Model

The product life & product use extension segment is expected to hold the largest share of the market over the forecast period. The fundamental principles of the circular economy are optimizing product use and extending product life. This method lessens the effect that product manufacture, shipping, and disposal have on the environment. Additionally, it results in cost reductions for both enterprises and customers, which makes it a compelling offer. Longer-lasting, repairable, and upgradable products are becoming increasingly appealing to consumers. The need for durable and long-lasting products is being driven by this trend, which encourages companies to use circular methods to cater to customer demands.

The resource recovering/upcycling segment is expected to be the fastest-growing segment in the market from 2023-2028. Resource recovery and upcycling involve extracting value from materials that would typically be considered as trash or waste. In addition to saving resources, this generates revenue by converting waste into valuable goods or raw materials. Resource recovery and upcycling practices are becoming more feasible and efficient due to developments in recycling technology, material separation strategies, and upcycling processes. This innovation is driving the growth of this segment.

Global Circular Economy Market: By Industry

The fashion & textile industry segment is expected to hold the largest share of the market over the forecast period. The fashion and textile industry is well-known for having a substantial adverse environmental impact due to waste creation and resource-intensive production methods. Circular economy practices can help lessen these effects by reducing waste, using less energy and water, and consuming fewer unused raw materials. Moreover, the demand for eco-friendly and sustainable fashion goods is expanding. Companies in this sector are implementing circular economy concepts to satisfy customer demands and lessen their environmental effect as more individuals place a higher value on making morally and ecologically conscious decisions.

The consumer electronics industry segment is anticipated to be the fastest-growing segment in the market from 2023-2028. Rapid technological advancements and frequent product obsolescence characterize the consumer electronics industry. This makes it imperative to increase product longevity, encourage repairability, and make the most use of electronic devices, all of which align with the principles of the circular economy. Additionally, governments worldwide are putting regulations into place to handle e-waste ethically. Circular design principles, such as designing more recyclable and repairable goods, are being pushed by the consumer electronics industry through extended producer responsibility (EPR) programs and recycling objectives.

asia pacific circular economy market

Global Circular Economy Market: By Region

North America is expected to be the largest region in the global market. Companies are being encouraged to implement circular practices, which include the appropriate management of aluminum goods and resources and employing government rules and incentives that support recycling and sustainability in North America. For instance, according to the World Economic Forum (2022), the United States' aluminum consumption increased from 3.98 million metric tons in 2020 to 4.3 million metric tons in 2021.

Asia Pacific is anticipated to witness rapid growth during the forecast period. The Asia Pacific region is susceptible to the effects of climate change, which include altered precipitation patterns, severe weather, and rising sea levels. In order to lessen these consequences, CO2 emissions must be reduced. Remanufacturing, recycling, and extending the life of products are examples of circular economy techniques that can assist in reducing an industry's carbon footprint and mitigate climate change. For instance, according to the International Energy Agency (IEA), excluding China, CO2 emissions from Asia's emerging economies such as India, Indonesia, Thailand, and others, increased by 4.2%, or 206 Mt CO2, in 2022, more than those from any other region.

Global Circular Economy Market Share and Competitor Analysis

HONEYWELL, SAP, Re-Match, Cirqle, Circular Solutions, Solar Impulse Foundation, UL LLC, Circular Economy Solutions GmbH, Veolia, Waste Management, Inc., TerraCycle, Loop Industries, Cloverly, Recyclebank, Ecolife Recycling, Eco-Cycle, Remondis, Renewi, Worn Again Technologies, Circular Devices Oy, Patagonia, Rype Office, Sims Lifecycle Services, Tarkett, ECOR, Madaster, Econyl, and NEOM among others, are some of the key players operating in the global circular economy market.

Please note: This is not an exhaustive list of companies profiled in the report.

Recent Developments

In 2021, Honeywell announced the commercialization of a revolutionary technique that can provide feedstock for recycled plastics with a lower carbon impact and broaden the range of polymers that can be recycled

In 2021, SAP announced the release of SAP Responsible Design and Production, a solution for environmentally friendly product design and the shift to a circular economy

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL CIRCULAR ECONOMY MARKET, BY BUSINESS MODEL

4.1   Introduction

4.2   Circular Economy Market: Business Model Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Product-as-a-service

4.4.1        Product-as-a-service Market Estimates and Forecast, 2020-2028 (USD Million)

4.4.1.1     Leasing Market Estimates and Forecast, 2020-2028 (USD Million)

4.4.1.2     Sharing Market Estimates and Forecast, 2020-2028 (USD Million)

4.4.1.3     Subscription Models Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Product Life & Product Use Extension

4.5.1        Product Life & Product Use Extension Market Estimates and Forecast, 2020-2028 (USD Million)

4.5.1.1     Reusing/Reselling Market Estimates and Forecast, 2020-2028 (USD Million)

4.5.1.2     Repairing Market Estimates and Forecast, 2020-2028 (USD Million)

4.5.1.3     Remanufacturing Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   Resource Recovering/Upcycling

4.6.1        Resource Recovering/Upcycling Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL CIRCULAR ECONOMY MARKET, BY INDUSTRY

5.1   Introduction

5.2   Circular Economy Market: Industry Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Fashion & Textile Industry

5.4.1        Fashion & Textile Industry Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Consumer Electronics Industry

5.5.1        Consumer Electronics Industry Market Estimates and Forecast, 2020-2028 (USD Million)

5.6   Construction Industry

5.6.1        Construction Industry Market Estimates and Forecast, 2020-2028 (USD Million)

5.7   Automotive Industry

5.7.1        Automotive Industry Market Estimates and Forecast, 2020-2028 (USD Million)

5.8   Logistics Industry

5.8.1        Logistics Industry Market Estimates and Forecast, 2020-2028 (USD Million)

5.9   Agriculture

5.9.1        Agriculture Market Estimates and Forecast, 2020-2028 (USD Million)

5.10 Furniture Industry

5.10.1      Furniture Industry Market Estimates and Forecast, 2020-2028 (USD Million)

5.11 Oil and Gas Industry

5.11.1      Oil and Gas Industry Market Estimates and Forecast, 2020-2028 (USD Million)

5.12 Others

5.12.1      Others Market Estimates and Forecast, 2020-2028 (USD Million)

6          GLOBAL CIRCULAR ECONOMY MARKET, BY REGION

6.1   Introduction

6.2   North America Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.1        By Business Model

6.2.2        By Industry

6.2.3        By Country

6.2.3.1     U.S. Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.1.1        By Business Model

6.2.3.1.2        By Industry

6.2.3.2     Canada Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.2.1        By Business Model

6.2.3.2.2        By Industry

6.2.3.3     Mexico Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.3.1        By Business Model

6.2.3.3.2        By Industry

6.3   Europe Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.1        By Business Model

6.3.2        By Industry

6.3.3        By Country

6.3.3.1     Germany Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.1.1        By Business Model

6.3.3.1.2        By Industry

6.3.3.2     U.K. Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.2.1        By Business Model

6.3.3.2.2        By Industry

6.3.3.3     France Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.3.1        By Business Model

6.3.3.3.2        By Industry

6.3.3.4     Italy Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.4.1        By Business Model

6.3.3.4.2        By Industry

6.3.3.5     Spain Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.5.1        By Business Model

6.3.3.5.2        By Industry

6.3.3.6     Netherlands Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1        By Business Model

6.3.3.6.2        By Industry

6.3.3.7     Rest of Europe Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1        By Business Model

6.3.3.6.2        By Industry

6.4   Asia Pacific Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.1        By Business Model

6.4.2        By Industry

6.4.3        By Country

6.4.3.1     China Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.1.1        By Business Model

6.4.3.1.2        By Industry

6.4.3.2     Japan Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.2.1        By Business Model

6.4.3.2.2        By Industry

6.4.3.3     India Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.3.1        By Business Model

6.4.3.3.2        By Industry

6.4.3.4     South Korea Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.4.1        By Business Model

6.4.3.4.2        By Industry

6.4.3.5     Singapore Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.5.1        By Business Model

6.4.3.5.2        By Industry

6.4.3.6     Malaysia Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1        By Business Model

6.4.3.6.2        By Industry

6.4.3.7     Thailand Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1        By Business Model

6.4.3.6.2        By Industry

6.4.3.8     Indonesia Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.7.1        By Business Model

6.4.3.7.2        By Industry

6.4.3.9     Vietnam Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.8.1        By Business Model

6.4.3.8.2        By Industry

6.4.3.10  Taiwan Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.10.1 By Business Model

6.4.3.10.2 By Industry

6.4.3.11  Rest of Asia Pacific Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.11.1 By Business Model

6.4.3.11.2 By Industry

6.5   Middle East and Africa Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.1        By Business Model

6.5.2        By Industry

6.5.3        By Country

6.5.3.1     Saudi Arabia Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.1.1        By Business Model

6.5.3.1.2        By Industry

6.5.3.2     U.A.E. Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.2.1        By Business Model

6.5.3.2.2        By Industry

6.5.3.3     Israel Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.3.1        By Business Model

6.5.3.3.2        By Industry

6.5.3.4     South Africa Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.4.1        By Business Model

6.5.3.4.2        By Industry

6.5.3.5     Rest of Middle East and Africa Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.5.1        By Business Model

6.5.3.5.2        By Industry

6.6   Central and South America Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.1        By Business Model

6.6.2        By Industry

6.6.3        By Country

6.6.3.1     Brazil Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.1.1        By Business Model

6.6.3.1.2        By Industry

6.6.3.2     Argentina Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.2.1        By Business Model

6.6.3.2.2        By Industry

6.6.3.3     Chile Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1        By Business Model

6.6.3.3.2        By Industry

6.6.3.3     Rest of Central and South America Circular Economy Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1        By Business Model

6.6.3.3.2        By Industry

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        HONEYWELL

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        SAP

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Re-Match

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Cirqle

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Circular Solutions

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        SOLAR IMPULSE FOUNDATION

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        UL LLC  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Circular Economy Solutions GmbH

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Veolia

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      Waste Management, Inc.

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

2 Product-as-a-service Market, By Region, 2020-2028 (USD Mllion)              

3 Product Life & Product Use Extension Market, By Region, 2020-2028 (USD Mllion)

4 Resource Recovering/Upcycling Market, By Region, 2020-2028 (USD Mllion)     

5 Global Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

6 Fashion & Textile Industry Market, By Region, 2020-2028 (USD Mllion)    

7 Consumer Electronics Industry Market, By Region, 2020-2028 (USD Mllion)

8 Automotive Industry Market, By Region, 2020-2028 (USD Mllion) 

9 Logistics Industry Market, By Region, 2020-2028 (USD Mllion)     

10 Agriculture Market, By Region, 2020-2028 (USD Mllion)   

11 Furniture Industry Market, By Region, 2020-2028 (USD Mllion)    

12 Oil and Gas Industry Market, By Region, 2020-2028 (USD Mllion) 

13 Others Market, By Region, 2020-2028 (USD Mllion)

14 Construction Industry Market, By Region, 2020-2028 (USD Mllion)           

15 Regional Analysis, 2020-2028 (USD Mllion)

16 North America Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)               

17 North America Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

18 North America Circular Economy Market, By COUNTRY, 2020-2028 (USD Mllion)

19 U.S. Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

20 U.S. Circular Economy Market, By Industry, 2020-2028 (USD Mllion)        

21 Canada Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

22 Canada Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

23 Mexico Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

24 Mexico Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

25 Europe Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

26 Europe Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

27 EUROPE Circular Economy Market, By COUNTRY, 2020-2028 (USD Mllion) 

28 Germany Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

29 Germany Circular Economy Market, By Industry, 2020-2028 (USD Mllion)            

30 U.K. Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

31 U.K. Circular Economy Market, By Industry, 2020-2028 (USD Mllion)        

32 France Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

33 France Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

34 Italy Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

35 Italy Circular Economy Market, By Industry, 2020-2028 (USD Mllion)      

36 Spain Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

37 Spain Circular Economy Market, By Industry, 2020-2028 (USD Mllion)    

38 Netherlands Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)   

39 Netherlands Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

40 Rest Of Europe Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)              

41 Rest Of Europe Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

42 Asia Pacific Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

43 Asia Pacific Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

44 ASIA PACIFIC Circular Economy Market, By COUNTRY, 2020-2028 (USD Mllion)       

45 China Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

46 China Circular Economy Market, By Industry, 2020-2028 (USD Mllion)   

47 Japan Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

48 Japan Circular Economy Market, By Industry, 2020-2028 (USD Mllion)   

49 India Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

50 India Circular Economy Market, By Industry, 2020-2028 (USD Mllion)     

51 South Korea Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

52 South Korea Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

53 Singapore Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

54 Singapore Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

55 Thailand Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

56 Thailand Circular Economy Market, By Industry, 2020-2028 (USD Mllion)            

57 Malaysia Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

58 Malaysia Circular Economy Market, By Industry, 2020-2028 (USD Mllion)            

59 Indonesia Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

60 Indonesia Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

61 Vietnam Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

62 Vietnam Circular Economy Market, By Industry, 2020-2028 (USD Mllion)              

63 Taiwan Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

64 Taiwan Circular Economy Market, By Industry, 2020-2028 (USD Mllion) 

65 Rest of APAC Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

66 Rest of APAC Circular Economy Market, By Industry, 2020-2028 (USD Mllion)    

67 Middle East and Africa Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)       

68 Middle East and Africa Circular Economy Market, By Industry, 2020-2028 (USD Mllion)            

69 MIDDLE EAST & AFRICA Circular Economy Market, By COUNTRY, 2020-2028 (USD Mllion)   

70 Saudi Arabia Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)   

71 Saudi Arabia Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

72 UAE Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

73 UAE Circular Economy Market, By Industry, 2020-2028 (USD Mllion)        

74 Israel Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

75 Israel Circular Economy Market, By Industry, 2020-2028 (USD Mllion)  

76 South Africa Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)   

77 South Africa Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

78 Rest Of Middle East and Africa Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)      

79 Rest Of Middle East and Africa Circular Economy Market, By Industry, 2020-2028 (USD Mllion)       

80 Central and South America Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)       

81 Central and South America Circular Economy Market, By Industry, 2020-2028 (USD Mllion)  

82 CENTRAL AND SOUTH AMERICA Circular Economy Market, By COUNTRY, 2020-2028 (USD Mllion)    

83 Brazil Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

84 Brazil Circular Economy Market, By Industry, 2020-2028 (USD Mllion)  

85 Chile Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

86 Chile Circular Economy Market, By Industry, 2020-2028 (USD Mllion)    

87 Argentina Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)

88 Argentina Circular Economy Market, By Industry, 2020-2028 (USD Mllion)

89 Rest Of Central and South America Circular Economy Market, By Business Model, 2020-2028 (USD Mllion)      

90 Rest Of Central and South America Circular Economy Market, By Industry, 2020-2028 (USD Mllion)       

91 HONEYWELL: Products & Services Offering 

92 SAP: Products & Services Offering 

93 Re-Match: Products & Services Offering    

94 Cirqle: Products & Services Offering          

95 Circular Solutions: Products & Services Offering             

96 SOLAR IMPULSE FOUNDATION: Products & Services Offering             

97 UL LLC : Products & Services Offering          

98 Circular Economy Solutions GmbH: Products & Services Offering          

99 Veolia, Inc: Products & Services Offering 

100 Waste Management, Inc.: Products & Services Offering   

101 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Circular Economy Market Overview

2  Global Circular Economy Market Value From 2020-2028 (USD Mllion)

3Global Circular Economy Market Share, By Business Model (2022)

4 Global Circular Economy Market Share, By Industry (2022)

5 Global Circular Economy Market, By Region (Asia Pacific Market)

6Technological Trends In Global Circular Economy Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Circular Economy Market

10 Impact Of Challenges On The Global Circular Economy Market

11 Porter’s Five Forces Analysis

12 Global Circular Economy Market: By Business Model Scope Key Takeaways

13 Global Circular Economy Market, By Business Model Segment: Revenue Growth Analysis

14 Product-as-a-service Market, By Region, 2020-2028 (USD Mllion)  

15 Product Life & Product Use Extension Market, By Region, 2020-2028 (USD Mllion)          

16 Resource Recovering/Upcycling Market, By Region, 2020-2028 (USD Mllion)      

17 Global Circular Economy Market: By Industry Scope Key Takeaways

18 Global Circular Economy Market, By Industry Segment: Revenue Growth Analysis

19 Fashion & Textile Industry Market, By Region, 2020-2028 (USD Mllion)

20 Consumer Electronics Industry Market, By Region, 2020-2028 (USD Mllion)

21 Construction Industry Market, By Region, 2020-2028 (USD Mllion)  

22 Automotive Industry Market, By Region, 2020-2028 (USD Mllion)    

23 Logistics Industry Market, By Region, 2020-2028 (USD Mllion)        

24 Agriculture Market, By Region, 2020-2028 (USD Mllion)        

25 Furniture Industry Market, By Region, 2020-2028 (USD Mllion)        

26 Oil and Gas Industry Market, By Region, 2020-2028 (USD Mllion)   

27 Others Market, By Region, 2020-2028 (USD Mllion)   

28 Regional Segment: Revenue Growth Analysis

29 Global Circular Economy Market: Regional Analysis

30 North America Circular Economy Market Overview

31 North America Circular Economy Market, By Business Model

32 North America Circular Economy Market, By Industry

33 North America Circular Economy Market, By Country

34 U.S. Circular Economy Market, By Business Model

35 U.S. Circular Economy Market, By Industry

36 Canada Circular Economy Market, By Business Model

37 Canada Circular Economy Market, By Industry

38 Mexico Circular Economy Market, By Business Model

39 Mexico Circular Economy Market, By Industry

40 Four Quadrant Positioning Matrix

41 Company Market Share Analysis

42 HONEYWELL: Company Snapshot

43 HONEYWELL: SWOT Analysis

44 HONEYWELL: Geographic Presence

45 SAP: Company Snapshot

46 SAP: SWOT Analysis

47 SAP: Geographic Presence

48 Re-Match: Company Snapshot

49 Re-Match: SWOT Analysis

50 Re-Match: Geographic Presence

51 Cirqle: Company Snapshot

52 Cirqle: Swot Analysis

53 Cirqle: Geographic Presence

54 Circular Solutions: Company Snapshot

55 Circular Solutions: SWOT Analysis

56 Circular Solutions: Geographic Presence

57 SOLAR IMPULSE FOUNDATION: Company Snapshot

58 SOLAR IMPULSE FOUNDATION: SWOT Analysis

59 SOLAR IMPULSE FOUNDATION: Geographic Presence

60 UL LLC : Company Snapshot

61 UL LLC : SWOT Analysis

62 UL LLC : Geographic Presence

63 Circular Economy Solutions GmbH: Company Snapshot

64 Circular Economy Solutions GmbH: SWOT Analysis

65 Circular Economy Solutions GmbH: Geographic Presence

66 Veolia, Inc.: Company Snapshot

67 Veolia, Inc.: SWOT Analysis

68 Veolia, Inc.: Geographic Presence

69 Waste Management, Inc.: Company Snapshot

70 Waste Management, Inc.: SWOT Analysis

71 Waste Management, Inc.: Geographic Presence

72 Other Companies: Company Snapshot

73 Other Companies: SWOT Analysis

74 Other Companies: Geographic Presence 

The Global Circular Economy Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Circular Economy Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Circular Economy Market.

Circular Economy Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Circular Economy Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Circular Economy Market Share

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Frequently Asked Questions

The global circular economy market is estimated to exhibit a CAGR of 22.5% from 2023 to 2028.
HONEYWELL, SAP, Re-Match, Cirqle, Circular Solutions, Solar Impulse Foundation, UL LLC, Circular Economy Solutions GmbH, Veolia, Waste Management, Inc., TerraCycle, Loop Industries, Cloverly, Recyclebank, Ecolife Recycling, Eco-Cycle, Remondis, Renewi, Worn Again Technologies, Circular Devices Oy, Patagonia, Rype Office, Sims Lifecycle Services, Tarkett, ECOR, Madaster, Econyl, and NEOM among others, are some of the key players operating in the global circular economy market.
There are growing opportunities in energy-efficient technology, eco-friendly manufacturing processes, and renewable energy investments. Furthermore, offering product maintenance, repair, and refurbishment services can be a lucrative business opportunity. This can prolong the life of a product and satisfy consumer demand for greener solutions.
The primary factors propelling the market growth are the growing volume of electronic waste and rising awareness of environmental issues, including climate change, resource depletion, and pollution. Moreover, the growing demand for sustainable products and the depletion of finite resources, such as fossil fuels, minerals, and rare metals, are expected to support the market growth throughout the forecast period.

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