Top 25 Industries in Circular Economy Market (2025-2035): Expert View by Spherical Insights
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Circular Economy Market Size is projected To Grow from USD 656.23 Billion in 2024 to USD 2659.39 Billion by 2035, at a CAGR of 13.57% during the forecast period 2025–2035. The circular economy market is growing as a result of government regulations and policies that encourage it. Setting recycling goals, restricting what can end up in landfills, and holding producers accountable for their goods after consumers have used them are some of the new rules. Recovery mechanisms are required as cities undertake zero-waste projects. Circular models profit from the high cost of extracting new resources due to carbon pricing.
Introduction
A circular economy is a system of economics that, instead of employing the conventional linear "take-make-dispose" model, continuously uses resources by recycling, repairing, and refurbishing existing materials and products. By regaining value across many material streams, this market tackles environmental issues and resource shortages. Solutions for the circular economy cover everything from initial design to end-of-life recovery procedures, spanning several industries and value chains. With sustainability and long-term value as top considerations, the system encourages cross-sector cooperation between businesses, legislators, and consumers to rethink systems. To support long-term success, it also promotes innovation in business concepts and product design. Growing emphasis on green finance, rising regulatory restrictions, and the growing use of digital traceability tools are the main factors driving the circular economy sector's notable growth.
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Circular Economy Market Size & Statistics
- The market for circular economy was estimated to be worth USD 656.23 Billion in 2024.
- The market is going to expand at a CAGR of 13.57% between 2025 and 2035.
- The Global Circular Economy Market Size is anticipated to reach USD 2659.39 Billion by 2035.
- Europe is expected to generate the highest demand during the forecast period in the circular economy market
- Asia Pacific is expected to grow the fastest during the forecast period in the circular economy market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the circular economy market. This is due to the need for ecologically friendly products from clients around the world, factories in the region are implementing procedures to reuse resources. Leading the way in the circular economy are a number of nations, including Singapore's closed-loop water management, South Korea's electronic waste management systems, and Japan's long-standing emphasis on material efficiency. China limited the importation of garbage and promoted domestic recycling across Asia. Businesses are developing digital platforms that facilitate the buying and sharing of secondhand goods. Consumers in the middle class are becoming more environmentally conscious and want sustainable goods.
Europe is expected to generate the highest demand during the forecast period in the circular economy market. Europe leads the world market for the circular economy due to its sophisticated infrastructure, legal frameworks, and public dedication to environmental sustainability. In order to encourage companies to reuse materials rather than throw them away, the European Union developed a strategy with certain objectives. Companies are held accountable by law for the fate of their items once consumers have finished using them. This incentivizes companies to implement systems for material collection and reuse. By facilitating material exchanges across various activities, industrial symbiosis networks generate value from streams that were previously discarded. European businesses have established networks in which the waste of one business is converted into raw materials for another business.
Top 10 trends in Circular Economy Market
- Circular design and biomimicry
- Product-as-a-Service (PaaS) models
- Blockchain for supply chain transparency
- Bio-based materials and biofabrication
- Urban mining and resource recovery
- Sharing and collaborative consumption
- Remanufacturing and upcycling
- Smart waste management and Internet of Waste
- Policy support and extended producer responsibility
- Consumer awareness and behavior change
- Circular design and biomimicry
Inspired by nature, circular design uses regenerative principles to create products that minimize waste and maximize reuse. Biomimicry helps designers mimic natural systems—like self-repairing materials or modular ecosystems—to build sustainable, long-lasting solutions.
- Product-as-a-Service (PaaS) models
Instead of selling products, companies offer access or functionality through subscriptions. This encourages manufacturers to design durable, repairable goods and retain ownership, promoting reuse and reducing waste.
- Blockchain for supply chain transparency
Blockchain enables secure, traceable records of materials and products throughout their lifecycle. It helps consumers and businesses verify sourcing, recycling, and ethical practices—boosting trust and accountability in circular systems.
- Bio-based materials and biofabrication
Derived from renewable sources like algae, fungi, or agricultural waste, bio-based materials reduce reliance on fossil fuels. Biofabrication uses living cells or microbes to produce textiles, packaging, and construction materials with minimal environmental impact.
- Urban mining and resource recovery
Cities are turning landfills and e-waste into resource hubs. Advanced recycling technologies extract valuable metals and materials from discarded electronics, appliances, and infrastructure—reducing the need for virgin resources and lowering emissions.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the circular economy market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Circular Economy Market
- Patagonia
- IKEA
- Unilever
- Schneider Electric
- DyeCoo
- Accenture
- H&M
- Loop Industries
- TerraCycle
- Veolia
- Philips
- HP Inc.
- Dell Technologies
- Interface Inc.
- Adidas
- L’Oréal
- Siemens
- Nestlé
- AB InBev
- Miniwiz
- Close the Loop
- Enerkem
- Winnow
- Lehigh Technologies
- HYLA Mobile
1. Patagonia
Patagonia is a pioneer in circular design and biomimicry, known for its Worn Wear program that repairs and resells used gear. The company uses recycled and bio-based materials like organic cotton and hemp, minimizing environmental impact. Patagonia’s durable product design reduces waste and promotes longevity. It also offers Product-as-a-Service through rentals and trade-ins, encouraging reuse. With transparent supply chains and ethical sourcing, Patagonia exemplifies circular economy principles in the apparel industry. Its commitment to regenerative practices and climate activism makes it a global leader in sustainable business.
2. IKEA
IKEA is transforming furniture retail through urban mining, remanufacturing, and collaborative consumption. Its buyback and refurbishment programs extend product life, while modular designs support circular design. IKEA aims to become fully circular by 2030, using bio-based materials and recycled inputs across its product lines. The company is investing in smart waste management and traceable supply chains, including blockchain pilots for material tracking. IKEA’s circular initiatives reduce landfill waste and promote resource recovery, making it a model for scalable sustainability in consumer goods.
3. Unilever
Unilever integrates extended producer responsibility and smart packaging into its circular strategy. It uses biofabrication and recycled materials in brands like Dove and Hellmann’s, and supports startups focused on waste-to-energy and upcycling. Unilever’s blockchain-enabled supply chains enhance transparency and traceability. The company’s closed-loop systems reduce plastic waste and promote consumer behavior change through education and incentives. With goals to achieve net-zero emissions and 100% recyclable packaging by 2039, Unilever is driving circularity across food, personal care, and household products.
4. Schneider Electric
Schneider Electric leads in low-carbon manufacturing and Product-as-a-Service models for energy systems. Its circular initiatives include leasing, take-back programs, and modular product design. Schneider uses smart waste management and IoT to extend product life and reduce resource use. Circular activities now account for over 12% of its revenue. The company’s commitment to urban mining and resource recovery helps divert thousands of tons of waste from landfills. Schneider’s circular economy strategy supports climate goals while enhancing operational efficiency and customer value.
5. DyeCoo
DyeCoo, a Dutch innovator, revolutionizes textile dyeing with chemical-free, waterless technology using supercritical CO2. This process eliminates toxic waste and supports bio-based material processing. DyeCoo’s method absorbs 98% of dye, reducing energy use and emissions. It partners with brands like Nike and IKEA to scale circular textile manufacturing. The company’s technology aligns with circular design principles by enabling cleaner production and reuse of materials. DyeCoo exemplifies how industrial innovation can drive sustainability and reduce the fashion industry’s environmental footprint.
Are you ready to discover more about the circular economy market?
The report provides an in-depth analysis of the leading companies operating in the global circular economy market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Patagonia
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- IKEA
- Unilever
- Schneider Electric
- DyeCoo
- Accenture
- H&M
- Loop Industries
- Others.
Conclusion
The circular economy market is rapidly emerging as a blueprint for sustainable business transformation. With innovations like bio-based materials, blockchain transparency, and urban mining, companies are shifting toward regenerative and waste-free systems. Leading firms like Patagonia, IKEA, and Unilever are setting benchmarks by embedding circular design and Product-as-a-Service models into core strategies. Supportive policies and rising consumer awareness are fueling global adoption across industries.
About the Spherical Insights & Consulting
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