Circular Economy Consulting Services Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 233.44 Billion |
| Market Size (2029) | USD 350.21 Billion |
| CAGR (2024 - 2029) | 8.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Circular Economy Consulting Services Market Analysis
The Circular Economy Consulting Services Market size is estimated at USD 233.44 billion in 2024, and is expected to reach USD 350.21 billion by 2029, growing at a CAGR of 8.45% during the forecast period (2024-2029).
Businesses are increasingly turning to circular economy consulting services for guidance on sustainable practices, resource efficiency, and waste reduction. Consultants play a pivotal role in helping companies adopt circular business models, emphasizing product life cycles and minimizing environmental footprints. The increase in demand can be attributed to the worldwide focus on sustainability and corporate social responsibility.
These consulting services offer a comprehensive suite of solutions, ranging from lifecycle assessments and supply chain optimization to innovative product design, all aimed at reducing waste and enhancing resource efficiency. By integrating digital technologies, these services further assist organizations in navigating the complexities of transitioning to a circular economy.
An escalating awareness of environmental challenges, such as pollution, resource depletion, and climate change, has catalyzed a significant shift in customer attitudes, corporate strategies, and governmental policies. The market's growth is further propelled by mounting concerns over environmental degradation and the substantial waste output across various product segments, a trend largely influenced by the expanding global population.
Circular Economy Consulting Services Market Trends
Fashion and Textile Industry's Shift Toward Circular Economy
The fashion and textile industry is emerging as a key player in the circular economy consulting services market, driven by the need to address environmental challenges and consumer demand for sustainable practices. This sector, which is well-known for having a large environmental impact, is actively looking for ways to switch from the conventional linear model to a more sustainable, circular one. Circular economy consulting firms are crucial in this transformation, providing expertise in designing and implementing sustainable strategies.
Major fashion brands like H&M, Patagonia, and Adidas are leading the charge, with initiatives focused on recycling, upcycling, and the use of sustainable materials. Circular economy consultants help these companies develop comprehensive sustainability plans, including the design of closed-loop supply chains where waste materials are reintegrated into production processes. Consultants also assist in setting up take-back schemes, where consumers return used garments for recycling or resale, thus extending the life cycle of products and reducing textile waste.
In addition, consultants are pivotal in helping companies innovate in material science, promoting the use of biodegradable and recyclable fibers.
Europe Leads the Way in the Circular Economy Consulting Services Market
Europe is poised to dominate the market for circular economy consulting services, with a significant share projected during the study period. This trend is largely driven by stringent carbon emission regulations and a push for sustainability, particularly through circular economy solutions, by several European governments.
European nations, going beyond regional policies, have enacted their circular economy legislation. Notably, the Netherlands stands out with its ambitious target: achieving a 100% circular economy by 2050. France, on the other hand, took a proactive stance by initially banning the destruction of unsold non-food items. The nation mandates businesses to either recycle, donate, or reuse their unsold products, including food. Moreover, France leads globally in enforcing a repairability index for electrical and electronic products. A couple of years back, the country further solidified its commitment to a circular economy by passing the Anti-waste Law, aimed at reducing waste and pollution and changing the model of the economy from linear to circular.
Circular Economy Consulting Services Industry Overview
The circular economy consulting services market exhibits a semi-fragmented nature. Key players, such as AFRY, Deloitte, Capgemini, Accenture, and Sphera, have been highlighted in the report. These firms are pivotal in steering businesses toward sustainability through the formulation and execution of circular economy strategies.
Circular Economy Consulting Services Market Leaders
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AFRY
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Deloitte
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Capgemini
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Accenture
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Sphera
*Disclaimer: Major Players sorted in no particular order
Circular Economy Consulting Services Market News
- February 2024: Deloitte unveiled its strategic move to bolster business engagement in circular practices, aiming to curb waste and promote material circulation. This initiative is underpinned by a notable collaboration with Circle Economy Consulting, an offshoot of the renowned Circle Economy Foundation. Projections indicate that the circular economy could slash emissions by 40%, foster the creation of almost 2 million jobs, and burgeon into a market valued at USD 2 to 3 billion soon.
- June 2023: SAP and Versuni unveiled a strategic global partnership centering on sustainability and the circular economy. Leveraging the SAP Sustainability Control Tower software, an innovative ESG management tool powered by real-time data, Versuni is poised to advance its sustainability efforts. The software equips Versuni with the ability to establish goals, track progress, and derive actionable insights from data. This empowers the company to craft comprehensive and verifiable ESG reports, facilitating targeted improvement initiatives.
Circular Economy Consulting Services Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Environmental Awareness Driving Adoption of Circular Economy Practices
4.2.2 Consumer Preference to Shift From Linear to Circular Economies
4.3 Market Restraints
4.3.1 High Initial Investments Restraining the Market Growth
4.3.2 Complex and Varying Regulatory Frameworks
4.4 Market Opportunities
4.4.1 Government Incentives for Promoting the Circular Economy
4.4.2 Development of Reselling Plaforms
4.5 Value Chain Analysis
4.6 Industry Attractiveness: Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Technological Advancements in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Industry
5.1.1 Fashion and Textile
5.1.2 Consumer Electronics
5.1.3 Construction
5.1.4 Automotive
5.1.5 Logistics
5.1.6 Agriculture
5.1.7 Furniture
5.1.8 Oil and Gas
5.1.9 Other Industries
5.2 By Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Rest of North America
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 France
5.2.2.4 Russia
5.2.2.5 Italy
5.2.2.6 Spain
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 India
5.2.3.2 China
5.2.3.3 Japan
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 South Africa
5.2.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 AFRY
6.2.2 Deloitte
6.2.3 Capgemini
6.2.4 Accenture
6.2.5 Sphera
6.2.6 Ricardo
6.2.7 Stena Circular Consulting
6.2.8 SYSTEMIQ
6.2.9 WAP Sustainability
6.2.10 Boston Consulting Group (BCG)*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER AND ABOUT US
Circular Economy Consulting Services Industry Segmentation
By smartly using resources, a circular economy enables companies to improve operational efficiency and reduce costs whilst also addressing customer needs. It also helps tackle societal risks, including climate change, biodiversity loss, resource scarcity, and pollution. The circular economy consulting market is segmented by industry and geography. By industry, the market is segmented into fashion and textile, consumer electronics, construction, automotive, logistics, agriculture, furniture, oil and gas, and other industries. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers market size and forecasts for the circular economy consulting services market in value (USD) for all the above segments.
| By Industry | |
| Fashion and Textile | |
| Consumer Electronics | |
| Construction | |
| Automotive | |
| Logistics | |
| Agriculture | |
| Furniture | |
| Oil and Gas | |
| Other Industries |
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Circular Economy Consulting Services Market Research FAQs
How big is the Circular Economy Consulting Services Market?
The Circular Economy Consulting Services Market size is expected to reach USD 233.44 billion in 2024 and grow at a CAGR of 8.45% to reach USD 350.21 billion by 2029.
What is the current Circular Economy Consulting Services Market size?
In 2024, the Circular Economy Consulting Services Market size is expected to reach USD 233.44 billion.
Who are the key players in Circular Economy Consulting Services Market?
AFRY, Deloitte, Capgemini, Accenture and Sphera are the major companies operating in the Circular Economy Consulting Services Market.
Which is the fastest growing region in Circular Economy Consulting Services Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Circular Economy Consulting Services Market?
In 2024, the Europe accounts for the largest market share in Circular Economy Consulting Services Market.
What years does this Circular Economy Consulting Services Market cover, and what was the market size in 2023?
In 2023, the Circular Economy Consulting Services Market size was estimated at USD 213.71 billion. The report covers the Circular Economy Consulting Services Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Circular Economy Consulting Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Circular Economy Consulting Services Industry Report
Statistics for the 2024 Circular Economy Consulting Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Circular Economy Consulting Services analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
