2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What External and Internal Drivers Are Contributing to the Growth of theCircular Economy Market?

The circular economy market predicts significant expansion due to the increasing amounts of electronic waste. Electronic waste, also known as e-waste, is the term for unused or end-of-life electrical or electronic devices such as computers, smartphones, and various domestic appliances. The surge in electronic waste is largely due to frequent product updates, lesser device longevity, and the consumer’s burgeoning demand for the newest electronical devices. This leads to accelerated obsolescence and discarding of outdated devices. The necessity for sustainable management of e-waste stimulates progress in recycling technologies, inspires the development of resilient and repairable products, motivates novel business strategies, and advocates regulatory amendments and consumer-initiated modifications. This combination of factors contributes to the expansion of the circular economy by conceiving new e-waste management strategies and resource recovery opportunities. For instance, a 2024 report by the International Telecommunication Union, a Switzerland-based digital technology specialist agency, declared that approximately 62 million metric tons of e-waste were produced in 2022. They anticipate that e-waste production will rise by 2.6 million metric tons each year, reaching 82 million metric tons by 2030, marking a 33% increase from the total in 2022. Hence, the escalating quantities of electronic waste are fuelling the growth of the circular economy market.

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#What Are the Key Projections for the CAGR of the Circular Economy Market From 2025 to 2034?

The market size of the circular economy has seen a swift rise over recent times. It is expected to escalate from $463.07 billion in 2024 to $517.79 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.8%. The expansion during the historic timeline is due to the increased urban mining, the surge in corporate social responsibility, the emergence of e-commerce, the development of circular business models, and the proliferation of smart cities.

The market size for the circular economy is predicted to experience swift expansion in the approaching years, anticipated to reach $798.3 billion by 2029 with a compound annual growth rate (CAGR) of 11.4%. This expected growth during the forecast period is due to increased strain on landfills and waste management, a global population boom, the rise of online shopping, growth in digital resale platforms, a heightened need for resilience in supply chains, a surge in research and development, and growing environmental worries. Key trends during the forecast period are likely to involve advances in technology, recycling technology, digital systems, eco-design, and the use of blockchain for monitoring and verification.

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Which Upcoming Market Trends and Innovations Are Set to Influence theCircular Economy Market’s Path Forward?

Major corporations in the circular economy market are prioritizing the introduction of novel products and solutions, specifically in the recycling sector, to improve sustainability and optimize resource use. Recycling, the process of gathering, treating, and repurposing waste materials into fresh products, prevents potential valuable materials from being discarded. Take for example Braskem S.A., a chemical and polymer firm based in Brazil, which in October 2022 introduced Wenew, its new global circular economy ecosystem. The company will mark its chemical and polymer products containing recycled content with the Wenew brand. Wenew represents the technologies that are aiding Braskem’s shift towards a circular economy, including progressive recycling techniques and inventive solutions to remake industrial processes. The Wenew initiative embodies Braskem’s devotion to sustainability, with a focus on four main aspects: products, education, technology, and circular design. With this initiative, Braskem seeks to progress towards a more circular future by working together with the production chain and the community to create a continually circular and sustainable world.

Who Are the Dominant Market Players Pushing the Boundaries of theCircular Economy Market?

Major companies operating in the circular economy market are Nestlé S.A., Braskem S.A., Sony Group Corporation, Unilever PLC, Panasonic Holdings Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Veolia Environnement S.A., Honeywell International Inc., Holcim Group, SAP SE, Adidas AG, H&M Hennes & Mauritz AB, Waste Management Inc., Remondis SE & Co. KG, Eastman Chemical Company, Assurant Inc., The Savola Group, Levi Strauss & Co., Hitachi Zosen Corporation, UL Solutions Inc., Renewi plc, Daiseki Co. Ltd., Ragn-Sells Group AB, Patagonia Inc., Sims Lifecycle Services, TerraCycle Inc., ECOR Global Inc., Cloverly Inc., Madewell

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What Are the Core Segments of the Circular Economy Market, and How Do They Contribute to Growth?

The circular economy market covered in this report is segmented –

1) By Type: Clothing And Textile Waste, Electronic Waste, Food Waste, Glass Waste, Plastic Waste, Wood Waste

2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)

3) By Industry Vertical: Manufacturing Industry, Consumer Goods, Waste Management And Recycling, Construction And Building Materials, Automotive And Transportation, Food And Agriculture, Other Industry Verticals

Subsegments:

1) By Clothing and Textile Waste: Recycled Textiles, Upcycled Clothing, Textile Waste For Insulation

2) By Electronic Waste: E-Waste Recycling, Refurbished Electronics, Component Recovery

3) By Food Waste: Composting Solutions, Anaerobic Digestion, Food Recovery Programs

4) By Glass Waste: Recycled Glass Products, Glass Bottles And Containers, Glass For Construction Materials

5) By Plastic Waste: Recycled Plastic Products, Biodegradable Plastics, Plastic Waste For Fuel Production

6) By Wood Waste: Reclaimed Wood Products, Wood Waste For Biomass Energy, Wood Recycling For Furniture And Flooring

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What Regions Are Dominating the Circular Economy Market Growth?

Europe was the largest region in the circular economy market in 2024. The regions covered in the circular economy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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