Pune, India, Aug. 22, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, global circular economy market is expected to grow with a CAGR of 7.8% during the period 2021-2027 to raise USD 657,111 million by the end of the study period.
The market segments that affect the overall valuation are then briefly discussed along with their growth rate and revenue contribution over the projected period. Geographical trends, monetary contributions and projected growth rates for each country are examined. The article then discusses the strategies of leading companies to consolidate their place in the sector.
The industry is mainly driven by population growth worldwide, concerns about environmental degradation and massive waste generation.
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For the uninitiated, the circular economy refers to the use of many methods and resources to preserve the value of waste, such as energy, materials, services, etc. Instead of throwing things away, the main goal is to reuse, recycle and recondition them to stimulate the economy.
Strict waste management and recycling regulations are pushing a number of companies to decarbonize and digitize in order to achieve greater efficiency and profitability through the circular economy, which in turn is propelling the expansion of the market.
Market segment overview:
Based on the type of waste, the global circular economy industry is branched into wood waste, plastic waste, food waste, glass waste, electronic waste, and clothing and textile waste. Among these, the food waste segment held a major share of revenue in the recent past, due to the population growth that led to a huge increase in food consumption and a considerable amount of food waste.
In terms of end-user land, the market is divided into textile, oil & gas, logistics, furniture, building & construction, automotive, and others. Among these, the share of building and construction segment is projected to increase significantly through 2027, owing to the increase in construction projects globally owing to the increased focus of governments on development. infrastructures.
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According to senior analysts, the European market is poised to witness a notable CAGR over the forecast period, thanks to stringent government regulations aimed at tackling alarming levels of carbon emissions and environmental damages, as well as the implementation of sustainable solutions such as the circular economy in the Region. Policies supporting the establishment of factories and facilities for the production and distribution of products as well as public services through the circular economy are boosting the outlook for the industry.
ZARA SA, Unilever plc, Sony Group Corporation, Panasonic Corporation, Nestle SA, International Business Machines Corporation, Inter IKEA Systems BV, Hennes & Mauritz AB (H&M), Cisco Systems Inc. and Adidas AG are key players in the circular economy world. market.
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Global Circular Economy Market, By Waste Type (Revenue, USD, 2017-2027)
- wood waste
- plastic waste
- food waste
- glass waste
- Electronic waste
- Clothing and textile waste
Global Circular Economy Market, By End User (Revenue, USD, 2017-2027)
- petroleum gas
- Building construction
Global Circular Economy Market, Geographic Fragmentation (Revenue, USD, 2017-2027)
- Asia Pacific
- Rest of the world
Global Circular Economy Market, Company Profiles (Revenue, USD, 2017-2027)
- ZARA S.A.
- Unilever plc
- Sony group company
- Panasonic Company
- Nestlé SA
- International Commercial Machinery Society
- Inter IKEA Systems B.V.
- Hennes & Mauritz AB (H&M)
- Cisco Systems Inc.
- Adidas S.A.
Part 1. Presentation
1.1 Market definition
1.2 Main advantages
1.3 Market Segment
Part 2. Methodology
Part 3. Executive Summary
Part 4. Market Overview
4.2 Market Dynamics
Part 5. Global Circular Economy Market by Waste Type
5.1 Clothing and textile waste
5.1.1 Market Size and Forecast
5.2 Electronic waste
5.2.1 Market Size and Forecast
5.3 Food waste
5.3.1 Market Size and Forecast
5.4 Glass waste
5.4.1 Market Size and Forecast
5.5 Plastic waste
5.5.1 Market Size and Forecast
5.6 Wood waste
5.6.1 Market Size and Forecast
Part 6. Global Circular Economy Market by End User
6.1.1 Market Size and Forecast
6.2 Building and construction
6.2.1 Market Size and Forecast
6.3.1 Market Size and Forecast
6.4.1 Market Size and Forecast
6.5 Oil and Gas
6.5.1 Market Size and Forecast
6.6.1 Market Size and Forecast
6.7.1 Market Size and Forecast
Part 7. Global Circular Economy Market by Region
7.1.1 Market Size and Forecast
7.2.1 Market Size and Forecast
7.3 North America
7.3.1 Market Size and Forecast
7.4 Rest of the world (right of way)
7.4.1 Market Size and Forecast
Part 8. Profiles of Major Competitors
Global Waste Recycling Services Market Size Study, By Application (Industrial, Municipal), By Product (Paper & Cardboard, Plastics), Regional Forecast 2021-2027
Global Waste Recycling Services Market to reach USD 77.6 billion by 2027. The global waste recycling services market is valued around USD 54.39 billion in 2020 and is expected to grow with a healthy growth rate of over 5.20% over the forecast period 2021-2027. Waste recycling services include waste recycling, including the recycling of paper, glass, metal, textiles, plastics and electronic equipment. This also includes composting which is basically the reuse of biodegradable waste, such as food and garden mulch. The increased awareness of waste management is enhancing the growth of the waste recycling services market.
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