Global Circular Economy Market Size is predicted to witness a 23.4% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
A circular economy entails markets that motivate the reuse of products rather than scrapping them and removing unique resources. In such an economy, all forms of waste, including scrap metal, clothes, and obsolete electronics, are returned to the economy or used more efficiently. The growing environmental concerns are driving the development of the circular economy market.
The rising awareness of pressing environmental issues, including climate change, resource depletion, and pollution, has produced a fundamental shift in customer attitudes, corporate systems, and government policies. The market's development is anticipated to be primarily fueled by the escalating concerns covering environmental degradation and the substantial waste generation across different product categories, largely attributed to the exponentially growing global population. Innovation also plays a pivotal role in the market as businesses develop creative technologies, materials, and business models to enable the transition to circularity. Hence, this adoption of the circular economy by the companies could adopt the circular principles and improve their reputation, eventually assisting in enhancing the circular economy market size.
However, high initial investment costs for infrastructure and technology can deter some businesses from transitioning to more sustainable practices. Consumer resistance to change, coupled with limited awareness, may hinder the demand for circular products and services. Complex and varying regulatory frameworks can create compliance challenges for companies adopting circular practices.
The circular economy market is segmented based on Business model and Industry. By Business Model, the market is segmented into 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, the market is categorised into the Fashion & Textile Industry, Consumer Electronics Industry, Construction Industry, Automotive Industry, Logistics Industry, Agriculture, Furniture Industry, Oil and Gas Industry, and Others.
The product life & product use extension segment is projected to represent the market during the projected period. This reduces the environmental impact of product manufacturing, delivery, and disposal. It also cuts costs for businesses and customers, making it appealing. Long-lasting, repairable, and upgradeable products are gaining popularity. This tendency drives demand for durable, long-lasting products, encouraging corporations to utilize circular approaches to meet client needs.
The fashion & textile industry segment is expected to be the largest segment during the forecast period due to its significant environmental footprint and high resource consumption. With a growing demand for sustainable and ethical fashion, the industry increasingly adopts circular practices such as recycling, cycling, and innovative material sourcing. The sector's scale, global reach, and consumer demand for eco-friendly products have propelled its prominence in the circular economy landscape.
The circular economy market in North America is rapidly gaining prominence, reflecting a strong commitment to sustainability and resource efficiency. It encompasses diverse sectors such as recycling, sustainable product design, and renewable energy, all experiencing significant growth. Leading companies like Waste Management, Tesla, and Interface are at the forefront of advancing circular economy initiatives across the region. Both federal and state-level government regulations, coupled with the growing awareness and need for sustainable products, fuel this market's expansion. In addition, the circular economy market in Asia Pacific is expanding, emphasizing sustainability. Key players include Samsung, Toyota, and China Recycling Development.
| Report Attribute | Specifications |
| Growth Rate CAGR | CAGR of 23.4% from 2025 to 2034 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025 to 2034 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | Business Model, Material / Material Stream, Service / Solution Type and Industry / End-Use Vertical |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | Veolia Environnement S.A., SUEZ Environnement S.A., Waste Management, Inc. (WM), Covanta Holding Corporation, Hitachi Zosen Corporation, Clean Harbors, Inc., Renewi plc, REMONDIS SE & Co. KG, TerraCycle Inc., Loop Industries, Inc., Worn Again Technologies, Circular Economy Solutions GmbH (CoremanNet), GreenMantra Technologies, MBA Polymers, Inc., Aquafil S.p.A. (ECONYL®), Interface, Inc., Tarkett S.A., ECOR Global, Madaster Foundation, Rype Office, Patagonia, Inc., IKEA (and IKEA Food Services AB), The Savola Group, Circular Solutions, Cirql (circular footwear materials), Re-Match A/S, Sims Lifecycle Services (Sims Limited), Renewcell AB, Infinited Fiber Company, Umicore N.V., Li-Cycle Holdings Corp., Redwood Materials, Inc., BASF SE, Dow Inc., SABIC, Covestro AG, Braskem S.A., Ball Corporation, DS Smith Plc, Smurfit Kappa Group, Mondi Group, Holcim Group, Heidelberg Materials AG, CEMEX S.A.B. de C.V., Saint-Gobain S.A., Nucor Corporation, ArcelorMittal S.A., Tata Steel Ltd., Norsk Hydro ASA, Ecolife Recycling, Eco-Cycle, ECOSLOPS S.A., Renewcell AB, Worn Again Technologies, Circular Devices Oy, Honeywell International Inc., SAP SE, Recykal, NEOM, Rheaply, Inc. |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Circular Economy Market Snapshot
Chapter 4. Global Circular Economy Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Business Model Estimates & Trend Analysis
5.1. By Business Model, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Business Model:
5.2.1. Product-as-a-Service
5.2.2. Product Life & Product Use Extension
5.2.3. Resource Recovery / Upcycling
5.2.4. Others
Chapter 6. Market Segmentation 2: By Material / Material Stream Type Estimates & Trend Analysis
6.1. By Material / Material Stream Type & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Material / Material Stream Type:
6.2.1. Plastics
6.2.2. Metals & Minerals
6.2.3. Textiles & Fashion
6.2.4. Electronics & E-Waste
6.2.5. Biological / Organic Materials
6.2.6. Construction & Building Materials
Chapter 7. Market Segmentation 3: By Service / Solution Type Estimates & Trend Analysis
7.1. By Service / Solution Type, & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Service / Solution Type:
7.2.1. Recycling Services
7.2.2. Refurbishment & Remanufacturing Services
7.2.3. Circular Supply Chain Solutions
7.2.4. Design & Consultancy Services
Chapter 8. Market Segmentation 4: By Industry / End-Use Vertical Estimates & Trend Analysis
8.1. By Industry / End-Use Vertical, & Market Share, 2024 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Industry / End-Use Vertical:
8.2.1. Consumer Goods & Retail
8.2.2. Manufacturing & Heavy Industry
8.2.3. Construction & Infrastructure
8.2.4. Electronics & IT
8.2.5. Automotive & Mobility
8.2.6. Food & Agriculture
8.2.7. Logistics & E-commerce
8.2.8. Oil & Gas / Energy & Utilities
Chapter 9. Circular Economy Market Segmentation 3: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Circular Economy Market revenue (US$ Million) estimates and forecasts By Business Model, 2021-2034
9.1.2. North America Circular Economy Market revenue (US$ Million) estimates and forecasts By Material / Material Stream Type, 2021-2034
9.1.3. North America Circular Economy Market revenue (US$ Million) estimates and forecasts By Service / Solution Type, 2021-2034
9.1.4. North America Circular Economy Market revenue (US$ Million) estimates and forecasts By Industry / End-Use Vertical, 2021-2034
9.1.5. North America Circular Economy Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Circular Economy Market revenue (US$ Million) By Business Model, 2021-2034
9.2.2. Europe Circular Economy Market revenue (US$ Million) By Material / Material Stream Type, 2021-2034
9.2.3. Europe Circular Economy Market revenue (US$ Million) estimates and forecasts By Service / Solution Type, 2021-2034
9.2.4. Europe Circular Economy Market revenue (US$ Million) estimates and forecasts By Industry / End-Use Vertical, 2021-2034
9.2.5. Europe Circular Economy Market revenue (US$ Million) by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Circular Economy Market revenue (US$ Million) By Business Model, 2021-2034
9.3.2. Asia Pacific Circular Economy Market revenue (US$ Million) By Material / Material Stream Type, 2021-2034
9.3.3. Asia Pacific Circular Economy Market revenue (US$ Million) estimates and forecasts By Service / Solution Type, 2021-2034
9.3.4. Asia Pacific Circular Economy Market revenue (US$ Million) estimates and forecasts By Industry / End-Use Vertical, 2021-2034
9.3.5. Asia Pacific Circular Economy Market revenue (US$ Million) by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Circular Economy Market revenue (US$ Million) By Business Model, (US$ Million) 2021-2034
9.4.2. Latin America Circular Economy Market revenue (US$ Million) By Material / Material Stream Type, (US$ Million) 2021-2034
9.4.3. Latin America Circular Economy Market revenue (US$ Million) estimates and forecasts By Service / Solution Type, 2021-2034
9.4.4. Latin America Circular Economy Market revenue (US$ Million) estimates and forecasts By Industry / End-Use Vertical, 2021-2034
9.4.5. Latin America Circular Economy Market revenue (US$ Million) by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Circular Economy Market revenue (US$ Million) By Business Model, (US$ Million) 2021-2034
9.5.2. Middle East & Africa Circular Economy Market revenue (US$ Million) By Material / Material Stream Type, (US$ Million) 2021-2034
9.5.3. Middle East & Africa Circular Economy Market revenue (US$ Million) estimates and forecasts By Service / Solution Type, 2021-2034
9.5.4. Middle East & Africa Circular Economy Market revenue (US$ Million) estimates and forecasts By Industry / End-Use Vertical, 2021-2034
9.5.5. Middle East & Africa Circular Economy Market revenue (US$ Million) by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Veolia Environnement S.A.
10.2.2. SUEZ Environnement S.A.
10.2.3. Waste Management, Inc. (WM)
10.2.4. Covanta Holding Corporation
10.2.5. Hitachi Zosen Corporation
10.2.6. Clean Harbors, Inc.
10.2.7. Renewi plc
10.2.8. REMONDIS SE & Co. KG
10.2.9. TerraCycle Inc.
10.2.10. Loop Industries, Inc.
10.2.11. Worn Again Technologies
10.2.12. Circular Economy Solutions GmbH (CoremanNet)
10.2.13. GreenMantra Technologies
10.2.14. MBA Polymers, Inc.
10.2.15. Aquafil S.p.A. (ECONYL®)
10.2.16. Interface, Inc.
10.2.17. Tarkett S.A.
10.2.18. ECOR Global
10.2.19. Madaster Foundation
10.2.20. Rype Office
10.2.21. Patagonia, Inc.
10.2.22. IKEA (and IKEA Food Services AB)
10.2.23. The Savola Group
10.2.24. Circular Solutions
10.2.25. Cirql (circular footwear materials)
10.2.26. Re-Match A/S
10.2.27. Sims Lifecycle Services (Sims Limited)
10.2.28. Renewcell AB
10.2.29. Infinited Fiber Company
10.2.30. Umicore N.V.
10.2.31. Li-Cycle Holdings Corp.
10.2.32. Redwood Materials, Inc.
10.2.33. BASF SE
10.2.34. Dow Inc.
10.2.35. SABIC
10.2.36. Covestro AG
10.2.37. Braskem S.A.
10.2.38. Ball Corporation
10.2.39. DS Smith Plc
10.2.40. Smurfit Kappa Group
10.2.41. Mondi Group
10.2.42. Holcim Group
10.2.43. Heidelberg Materials AG
10.2.44. CEMEX S.A.B. de C.V.
10.2.45. Saint-Gobain S.A.
10.2.46. Nucor Corporation
10.2.47. ArcelorMittal S.A.
10.2.48. Tata Steel Ltd.
10.2.49. Norsk Hydro ASA
10.2.50. Ecolife Recycling
10.2.51. Eco-Cycle
10.2.52. ECOSLOPS S.A.
10.2.53. Renewcell AB
10.2.54. Worn Again Technologies
10.2.55. Circular Devices Oy
10.2.56. Honeywell International Inc.
10.2.57. SAP SE
10.2.58. Recykal
10.2.59. NEOM
10.2.60. Rheaply, Inc.
10.2.61. Other Companies
Circular Economy Market By Business Model-
Circular Economy Market By Material / Material Stream-
Circular Economy Mark By Service / Solution Type-
Circular Economy Market By Industry / End-Use Vertical-
Circular Economy Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-