Global Circular Economy Size, Share, Trends, Demand, Growth and Competitive Analysis

MarkNtel Advisors recently published a detailed industry analysis of the Global Circular Economy. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Circular Economy Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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. 




What are the major Driver the Global Circular Economy industry?

Environmental Awareness Driving Adoption of Circular Economy Practices – The rising environmental concerns are driving the growth of the Circular Economy Market. The increasing awareness of pressing environmental issues, including climate change, resource depletion, and pollution, has prompted a fundamental shift in consumer attitudes, corporate strategies, and government policies.

As individuals become more cognizant of the detrimental effects of traditional linear economies, there is a growing demand for sustainable & eco-friendly solutions. Due to this, consumers are actively seeking products and services that align with their environmental values, driving businesses to adopt circular economy practices to meet this demand. Further, to cater to this demand various companies like Dell, Panasonic, Zara, and others are adopting new economy models. For instance:

  • In 2023, Panasonic launched a new circular economy model to extend the lifespan of its products & reduce the impact of production & consumption.

Hence, this adoption of the circular economy by the companies could embrace the circular principles and enhance their reputation, eventually assisting in enhancing the Circular Economy Market size.

Access the detailed PDF Sample report –

https://www.marknteladvisors.com/query/request-sample/global-circular-economy-market.html

What segments define the Global Circular Economy from 2024 to 2030? How do these segments contribute to market dynamics and growth?

  • 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

According to report, Food Waste held a prominent position in the Global Circular Economy Market, accounting for the largest share during historical years.

  • 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

According to report, The Construction sector acquired the largest share in the Global Circular Economy Market in recent years, and the same trend is likely to be followed in forecast years as well.

Explore the Complete Global Circular Economy Analysis Report –

https://www.marknteladvisors.com/research-library/global-circular-economy-market.html

Geographical Analysis: Global Circular Economy

  • By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

 

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Global Circular Economy Share & Competitive Landscape:

The Circular Economy Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Circular Economy are:

  • Dell
  • Sony
  • Panasonic
  • IBM
  • Cisco
  • Regrained
  • Uniliver
  • Nestle
  • The Savola Group
  • IKEA Food
  • Levi Strauss
  • H&M Group
  • Addidas
  • Zara
  • Madewell

Global Circular Economy Industry Recent Developments

  • 2022: Nestle collaborated with Global Corporation to collectively invest nearly USD 1 billion in Closed Loop Partners’ Operating Company, Circular Services.
  • 2023: Zara collaborated with Circ (circular textile company) to launch recycle fiber collection for women garments.

 Questions Addressed in this Study

1.What factors are driving the Global Circular Economy growth?

2.How is the Global Circular Economy expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Circular Economy?

4.What is the current size of the Global Circular Economy, and how is it projected to change in the future?

6.What is the future outlook for the Global Circular Economy in terms of technological advancements and market expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here –

https://www.marknteladvisors.com/query/request-customization/global-circular-economy-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

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