According to the research report titled ‘Global Circular Economy Market Analysis, 2020’, available with Market Study Report, global circular economy market is projected to record appealing growth graph between 2021-2026.
 

Increasing consumer focus on environment conservation, coupled with improving waste and materials management to combat the problem of microplastics in marine ecosystems are key factors stimulating global circular economy market expansion.
 

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Moreover, public effort to reduce carbon footprint of plastic products, and inclination of countries such as Australia to achieve zero-plastic waste economy will spur industry growth in the upcoming years. Additionally, growing food wastage, and rising CO2 emissions will boost adoption of circular economy principle.
 

Based on waste management ambit, worldwide circular economy industry is bifurcated into electronic waste, plastic recycling, food waste, clothing & textile, glass recycling, and wood recycling. Among these, food waste segment held majority industry share in 2020 and is slated to generate revenue in the ensuing years. Rising population leading to swift urbanization, economic development, in consort with surge in consumption of dairy & meat products will increase food waste production, thereby impacting sustainability of food system, which highlights the need for circular economy.
 

Notably, agri-food industry generates a fourth of the greenhouse gas emissions worldwide while polluting air, soil, and water. Focus on controlling waste generation and pollution will impel the segmental share.
 

Moving on to end user gamut, the market sphere is divided into textile, automotive, construction, logistics, oil & gas, furniture, and others.
 

The research report analyzes this business domain with respect to regions such as North America, Asia Pacific, South America, Europe and Middle East & Africa. It contains statistical data pertaining to revenue garnered, growth rate, industry share, and sales amassed by each regional market.
 

Key players shaping global circular economy market trends are Dell Technologies Inc., Panasonic Corporation, Cisco Systems Inc., Sony Group Corporation, International Business Machines (IBM) Corporation, The Savola Group, ReGrained Inc., Ikea Food Services AB, Unilever plc, Levi Strauss & Co., Adidas AG, Madewell Inc., Hennes & Mauritz AB (H&M), Zara SA, and Nestlé S.A.