Circular Economy Market Size 2031 | 360 Market Updates
Circular Economy Market Size 2031 | 360 Market Updates Benzinga
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Circular Economy Market Report
Introduction
The Circular Economy Market is expected to grow at a CAGR of 7.59% from 2023 to 2031. This report provides an in-depth analysis of the market, including its dimensions, market share, and breakdown by type, application, and geographical area. The growth of the market is attributed to effective business plans, customer engagement techniques, and the integration of corporate efforts. The report also highlights the connection between these advancements and sustainable development goals.
Global Manufacturers
- Banyan Nation
- Recykal
- Twirl.Store
- Attero Recycling
- Binbag Recycling
- Saahas
- Veolia
- Namo eWaste Management
Market Overview
The global Circular Economy market was valued at USD 339,241.5 Million in 2022 and is projected to reach USD 526,261.8 Million in 2028, with a CAGR of 7.59% during the forecast period. The report covers comprehensive data on market introduction, segmentations, trends, opportunities, competitive analysis, company profiles, and trade statistics. It provides in-depth analysis using SWOT and PESTLE methodologies.
In-Depth Industry Analysis
The report offers a detailed analysis of key players in the Circular Economy market, market segmentation, and assessment of strategies. This information can be used to identify partnerships, investment opportunities, and areas for strategic growth.
Key Offerings
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the General Purpose Transistors growth journey
Application of Circular Economy Market
- Textile industry
- Construction industry
- Automotive industry
- Logistics industry
- Agriculture
- Furniture industry
- Oil and gas industry
Types of Circular Economy Market
- Resale
- Electronic Waste
- Food Waste
- Plastic Recycling
- Clothing and Textile
- Wood Recycling
- Glass Recycling
Leading Regions
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Conclusion
The Global Circular Economy Market report provides insights into market dynamics, competitive landscape, and potential market openings. It categorizes the market based on type, application, and geographical spread. The report also highlights recent industry happenings and technological updates.
SDGs, Targets, and Indicators Relevant to the Article
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 12: Ensure sustainable consumption and production patterns
- SDG 9: Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation
- SDG 8: Promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all
- SDG 11: Make cities and human settlements inclusive, safe, resilient, and sustainable
The article discusses the growth and expansion of the Circular Economy Market, which is directly related to sustainable consumption and production patterns (SDG 12). It also mentions the integration of corporate efforts, which aligns with the goal of promoting sustainable economic growth (SDG 8). Additionally, the article highlights the application of circular economy principles in various industries, such as textile, construction, automotive, logistics, agriculture, furniture, and oil and gas, which contributes to building resilient infrastructure and promoting sustainable industrialization (SDG 9) and creating sustainable cities and human settlements (SDG 11).
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources
- Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product
- Target 8.4: Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic growth from environmental degradation
- Target 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management
The targets identified are directly related to the issues discussed in the article. The Circular Economy Market aims to achieve sustainable management and efficient use of natural resources (Target 12.2). It also contributes to inclusive and sustainable industrialization by raising industry’s share of employment and GDP (Target 9.2). The market’s growth and expansion align with the goal of improving global resource efficiency in consumption and production (Target 8.4). Furthermore, the application of circular economy principles in various industries helps reduce the adverse environmental impact of cities, particularly in waste management (Target 11.6).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Market size and growth rate
- Share of employment and GDP contributed by the Circular Economy Market
- Resource efficiency in consumption and production
- Reduction in adverse environmental impact, particularly in waste management
The article mentions the market size of the Circular Economy Market, which can be used as an indicator to measure progress towards sustainable consumption and production patterns (Target 12.2) and inclusive and sustainable industrialization (Target 9.2). The growth rate of the market also indicates progress towards improving resource efficiency in consumption and production (Target 8.4). Additionally, the article highlights the application of circular economy principles in waste management, which can be used as an indicator to measure progress in reducing the adverse environmental impact of cities (Target 11.6).
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 12: Ensure sustainable consumption and production patterns | Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources | Market size and growth rate |
| SDG 9: Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation | Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product | Share of employment and GDP contributed by the Circular Economy Market |
| Target 8.4: Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic growth from environmental degradation | Resource efficiency in consumption and production | |
| SDG 11: Make cities and human settlements inclusive, safe, resilient, and sustainable | Target 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management | Reduction in adverse environmental impact, particularly in waste management |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: benzinga.com
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