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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, 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.
Key Findings in Global Circular Economy:
- Historical Analysis: 2019– 2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
Dell, Sony, Panasonic, IBM, Cisco, Regrained, Unilever, Nestle, The Savola Group, IKEA Food, Levi Strauss, H&M Group, Adidas, Zara, Madewell, and others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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.
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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
The Global Circular Economy Industry Recent Development:
- 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.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Circular Economy?
- How is the Global Circular Economy expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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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.
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