Circular Economy Industry Report 2024–2030: Growth, Trends & Key Players

Circular Economy Industry Report 2024–2030: Growth, Trends & Key Players

Jul 17, 2025 - 13:53
 2
Circular Economy Industry Report 2024–2030: Growth, Trends & Key Players

Market Size, Growth & Valuation (2024-30)

Circular Economy Marketis valued at aroundUSD 553 billion in 2023and is estimated to grow at a CAGR of about 13.19% during the forecast period, i.e., 2024-30.

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Circular Economy Market Structure Segmentation & Geography

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

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

By Region

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

Europe is expected to dominate the Circular Economy Market, accounting for the potential share during 2024-30.

Key Growth Trends (2024-2030)

Reselling Platforms Transforming the Circular Economy Industry Recently, a notable trend has been evolving within the Circular Economy Market, where numerous companies are launching reselling platforms. The primary aim behind this trend is to offer consumers a convenient one-stop platform for both buying & selling used items while ensuring transparent pricing. This development is expected to drive higher demand for various products, particularly luxury clothing,bags, and similar items. For instance:

  • In 2022, Zara launched a resale platform called Zara Pre-owned with a motto of repair, resell, and donation through their stores & mobile application.

These initiatives by the companies to encourage sustainability are creating awareness among consumers towards a circular economy, which impacts the demand for used clothes & products across the global market.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Circular Economy industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Circular Economy Companies are:

  • Dell
  • Sony
  • Panasonic
  • IBM
  • Cisco
  • Company Profiles (Food Waste)
  • Regrained
  • Uniliver
  • Nestle
  • The Savola Group
  • IKEA Food
  • Company Profiles(Clothing & Textile)
  • Levi Strauss
  • H&M Group
  • Addidas
  • Zara

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Key Questions Answered in This Report:

  1. What is the current market size of Circular Economy, and what growth rate is projected by 2030?
  2. Which key trends are driving Circular Economy market expansion in the next five years?
  3. How does market segmentation impact industry dynamics?
  4. Which geographic regions offer the highest growth potential?
  5. What are the primary challenges hindering Circular Economy industry growth?
  6. How do regulatory policies influence market development?
  7. What are the latest technological advancements impacting the sector?
  8. Who are the leading Circular Economy companies, and what are their market shares?
  9. What strategies are top competitors adopting to maintain dominance?
  10. What are the emerging niche segments with high growth potential?
  11. How do macroeconomic factors affect market performance?
  12. What are the investment opportunities for new entrants?
  13. How does pricing strategy vary across different market segments?
  14. What are the future innovation trends expected in this industry?

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