$1,340 Bn Circular Economy Global Market Trends, Opportunities And Strategies, 2019-2024, 2025-2029F, 2034F: Partnerships, Emerging Markets, Textile Recycling, Eco-Conscious Startups To Drive Growth

(MENAFN- GlobeNewsWire - Nasdaq) Key market opportunities include expanding in the electronic waste and waste management sectors, investing in recycling infrastructure, and leveraging AI for sustainability.

Dublin, Jan. 08, 2026 (GLOBE NEWSWIRE) -- The "Circular Economy Global Market Opportunities and Strategies to 2034" has been added to ResearchAndMarkets's offering.

The circular economy market is poised for significant growth, with projections extending from the historic period of 2019-2024 into the forecasted interval of 2024-2029 and beyond, reaching as far as 2034. As of 2024, the global market attained an approximate value of $463.07 billion, propelled by a CAGR of 7.78% from 2019. Predictions indicate that this market will surge to $793.36 billion by 2029, showing an expansion rate of 11.37%. Furthermore, it is expected to continue its upward trajectory, achieving $1.34 trillion by 2034 at a CAGR of 11.15%.

This burgeoning growth is fundamentally driven by factors such as governmental regulations, advancements in digital resale platforms, improved waste management systems, and the emergence of smart cities, coupled with rising environmental awareness. On the horizon, the market will benefit from investments in recycling infrastructure, AI-driven circular intelligence, and increased remanufacturing and refurbishment activities. However, the industry faces hurdles including insufficient recycling infrastructure, high initial investment demands, and trade-related disruptions.

In 2024, Western Europe dominated the circular economy market, accounting for 33.09% or $153.24 billion of the total. It was trailed by the Asia-Pacific and North American regions. Forecasts through 2029 show rapid expansion in the Asia-Pacific and Western Europe, with projected CAGRs of 13.12% and 11.35% respectively. Subsequently, the Middle East and Eastern Europe are predicted to grow at CAGRs of 10.50% and 10.32%, respectively.

The global market is notably fragmented, with small enterprises predominating. In 2024, the top ten companies encapsulated merely 3.75% of the market, with leading entities like Veolia Environnement S.A., Suez Group, and Braskem S.A. capturing notable shares. Market segmentation includes diverse categories, reinforced by the dominance of the plastic waste sector, which comprised 25.87% or $119.8 billion of the market. Conversely, electronic waste is poised to witness the most rapid growth, expected to achieve a CAGR of 15.12% between 2024-2029.

Furthermore, segmentation by business scale emphasized large enterprises, capturing 65.89% or $305.12 billion in 2024, whereas SMEs are forecasted for brisk expansion at 12.92% CAGR during 2024-2029. Industry verticals show manufacturing attributing the largest portion of the market, while waste management and recycling are expected as the fastest growing, projecting a 14.42% CAGR within the same time frame.

Key opportunities arise prominently in the electronic waste sphere, anticipated to amass $107.62 billion by 2029, with large enterprises contributing an additional $195.52 billion. The waste management sector too promises significant gains, with projected increases of $87.89 billion. The USA stands out as a prime opportunity region, poised for a market rise of $65.69 billion.

Market trends foresee strategic ventures including innovative recycling in textiles, combating plastic pollution, transforming industrial and food waste, and establishing new facilities to extract metals from electronic waste. Moreover, fostering eco-conscious start-ups, implementing AI-driven ESG compliance, and building strategic alliances in sustainability are pivotal strategies.

Industry players leverage strategic acquisitions and initiate novel programs to enhance market foothold. To capitalize on emerging possibilities, companies are encouraged to focus on textile recycling advancements, scale investment in circular solutions, develop circularity metrics, and boost e-waste recovery. Expanding recycling infrastructure, asserting electronic waste operations, and building strategic global partnerships will remain crucial steps in fostering a robust circular economy.

Key Attributes:

Report Attribute	Details
No. of Pages	384
Forecast Period	2024 - 2034
Estimated Market Value (USD) in 2024	$463.07 Billion
Forecasted Market Value (USD) by 2034	$1340 Billion
Compound Annual Growth Rate	11.3%
Regions Covered	Global

Markets Covered:

• Clothing and Textile Waste, Electronic Waste, Food Waste, Glass Waste, Plastic Waste, Wood Waste
• By Enterprise Size: Large Enterprises; SMEs
• Industry Verticals: Manufacturing, Consumer Goods, Waste Management, Construction, Automotive, Food and Agriculture

Companies Featured

• Veolia Environnement S.A
• Suez Group
• Braskem S.A
• Cisco Systems Inc.
• Coca-Cola Company
• IKEA
• H&M Group
• Adidas Group
• Nike
• Patagonia Inc.
• Oasis Marinas LLC
• FREEE Recycle Limited
• Geocycle Egypt
• Elsewedy Electric
• Salubata
• ColdHubs
• Mpact Recycling
• Inseco and Maltento
• Tadweer Group
• BEEAH Recycling
• UBQ Materials
• Wasteless (Tel Aviv)
• Negev Ecology
• ReturnGO
• Ecoppia
• Saudi Investment Recycling Company (SIRC)
• Evreka
• Jose Batista Sobrinho (JBS)
• Circulate Capital
• Dow Corporate
• Ambipar
• Raizen
• Braskem
• Enerkem
• Cascades Inc.
• Kruger Inc.
• GreenMantra Technologies
• Loop
• ChopValue
• eCycle Solutions
• Reju
• Waste Management (WM)
• Flex Ltd.
• ISB Global
• Generate Capital, PBC
• Diversys Software Inc
• RecycleSmart Solutions
• Rubicon Technologies LLC
• TerraCycle
• Closed Loop Partners
• Repreve
• Goodwill
• Contec S.A.
• Reconomy
• Bio2Materials
• Promateris
• Greentronics
• Pet Star Recycling
• EcoTree Romania
• Rethink Polymers
• Reciclad'OR
• INKI
• Geocycle Romania
• GreenTech
• FLUENSYS
• Undereciclam
• Circul'R
• Textile ETP
• SAFECHEM

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• Circular Economy Market

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