The Circular Economy Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Circular Economy Market?
The market size of the Circular Economy Market has been increasing swiftly in the past few years. The market is expected to expand from $463.07 billion in 2024 to $517.79 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Circular Economy Industry?
The Circular Economy Market is projected to reach a market size of $798.3 billion by 2029. The market is also forecasted to grow at a compound annual growth rate (CAGR) of 11.4% during this period.
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What are the Key Growth Drivers Fueling the Circular Economy Market?
The key drivers in the circular economy market are:
• Growing pressure on landfills and waste management
• Rise in global population leading to increased demand
• Growth of e-commerce and digital resale platforms
• Increasing need for resilience in supply chains and research and development efforts.
Global Market Segmentation: Identifying Major Circular Economy Industry Segments
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 are the emerging Trends Shaping the Future of the Circular Economy Market?
The key trends in the circular economy market are:
• The market is anticipated to be shaped by advancements in technology and recycling techniques.
• The rise of digital technologies is set to be an important trend.
• Eco-design methods are increasingly influencing the market.
• Blockchain for traceability is becoming a notable emerging trend.
Who Are the Top Competitors & Leading Players in the Circular Economy Market?
Major players 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
[Listed Companies]
Regional Dominance: Which Area Leads the Global Template Market?
Europe was the largest region in the circular economy market in 2024
