United States Circular Economy Market Share Booms | Top 5 Companies - Waste Management, Inc., Umicore, Covestro AG, Paprec Group, Stora Enso Oyj

The Circular Economy Market Size valued at US$ 149.86 billion in 2024, is projected to reach US$ 355.44 billion by 2032, expanding at a robust CAGR of 11.40% from 2025 to 2032.

According to DataM Intelligence has released its latest research report on "Circular Economy Market Size 2025," offering in-depth insights into key growth factors such as regional performance, market segmentation, CAGR trends, revenue analysis of leading players, and major drivers shaping the industry. This report provides a clear and forward-looking perspective on market size (both value and volume), emerging opportunities, and current development status helping businesses identify growth potential and make informed strategic decisions

In 2024, the EU's circular material use rate was 11.8%, below the 2030 target of 23%. Circular economy sectors support 4.3M jobs, with metals recycled at 25% while fossil-based materials lag at 3%, showing uneven industry progress.

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Recent Trends

Policy-Driven Growth: Governments are embedding circular economy principles into law, with the EU's circular material use rate rising to 11.8% in 2023 under the Circular Economy Action Plan and Ecodesign mandates.

Regional Initiatives: India's Swachh Bharat Mission and EPR frameworks process over 80% of solid waste, while China targets 60% construction waste reuse and 320M tonnes of steel annually.

Global Momentum: Coordinated regulatory frameworks and measurable targets are accelerating the adoption of circular economy practices worldwide.

Recycling Challenges: Limited standardization and technology gaps hinder recovery; only 6-9% of plastics are recycled globally, with regional rates varying from 12.5% in Australia to 4% in Brazil.

Top Key Players:

Veolia Environnement S.A., SUEZ Group, Waste Management, Inc., Umicore, Covestro AG, Paprec Group, Stora Enso Oyj, Renewi plc, TerraCycle Inc., and Loop Industries, Inc.

Sustainability in the circular economy is gradually improving. EU's circular material use rose to 11.8% in 2023, with overall waste recycling at 44% and packaging at 65%. In India, 75% of 62M tonnes of solid waste is collected, but only 20% is recycled or composted, driving stronger policies on segregation, EPR, and single-use plastic bans

Growth Projection:

The Global Circular Economy Market is set to witness significant growth between 2025 and 2032. While 2024 reflects steady progress, the increasing adoption of innovative strategies by leading players is expected to accelerate growth across the projected horizon. This creates a strong landscape of opportunities for businesses looking to expand, invest, and stay competitive in a rapidly evolving market.

Key Industry Developments

Africa Circular Economy Action Plan: In July 2025, the UNDP, together with the African Union Commission, EU, and partners, launched the Continental Circular Economy Action Plan (CEAP) 2024-2034 to accelerate Africa's transition to a circular economy, promoting green growth, efficient resource use, and inclusive development.

EU-India Circular Economy Initiative: On March 19, 2025, Tamil Nadu launched the EU-India Resource Efficiency and Circular Economy Initiative (EU-I RECEI) in Chennai. Focusing on plastics and textiles, the program promotes recycled content, reuse models, and sustainable alternatives while encouraging collaboration between European and Indian SMEs. Supported by the EU and BMUV, it is implemented by GIZ India with backing from MoEFCC and Tamil Nadu government agencies.

Research Process:

The Circular Economy Market research report by DataM Intelligence leverages both primary and secondary data sources to deliver deep insights. It explores a wide range of factors shaping the industry from government regulations, market conditions, and competitive dynamics to historical trends, technological advancements, upcoming innovations, and potential challenges. This comprehensive analysis highlights growth prospects while addressing barriers, helping businesses navigate volatility and seize new opportunities

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Market Segmentation:

By Business Model: (Recycling & Resource Recovery, Product-as-a-Service (PaaS), Others)

By Technology: (Advanced Recycling, AI & Data Analytics, Others)

By End-User: (Consumer Goods & Retail, Automotive & Mobility, Construction & Real Estate, Electronics & ICT, Agriculture & Food, Others)

Top Growth Regions:

North America shows growing potential for circular economy adoption amid resource inefficiencies. In the US, recycling rates vary-paper 64.7%, steel 33%, glass 26%, aluminum 19.8%, plastics 9.5%-losing ~$4B annually in landfilled materials. Canada discarded 5M tonnes of plastic in 2021, with only 365,000 tonnes recycled, though rates improved from 12% in 2019 to 20% in 2022, supported by programs like Winnipeg's.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Introduces the report with an overview of coverage summarizing key market segments by region, product type, and application. It offers a clear snapshot of market size, segment-wise growth potential, and both short- and long-term industry outlook.

Chapter 2: Brings forward the most valuable market insights and reveals the game-changing emerging trends shaping the industry's future.

Chapter 3: Provides a detailed analysis of the competitive landscape among Circular Economy covering revenue shares, strategic initiatives, and the latest mergers & acquisitions.

Chapter 4: Delivers comprehensive profiles of top players, including revenue, profit margins, product lines, and company milestones.

Chapters 5 & 6: Break down revenue performance across regions and countries, offering a precise view of market sizes, opportunities, and development prospects worldwide.

Chapter 7: Examines segmentation by type, revealing the size and potential of each category guiding businesses toward untapped, high-impact areas.

Chapter 8: Focuses on applications, evaluating how different downstream markets are growing and identifying promising sectors for expansion.

Chapter 9: Maps the entire industry supply chain, detailing both upstream and downstream activities for a holistic understanding.

Chapter 10: Concludes with key findings and the most critical takeaways giving stakeholders a clear direction for future strategies.

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FAQ's

Q1: How fast is the Circular Economy Market growing?

A: The Market is on a robust growth path, expected to expand at a CAGR of 11.2% between 2025 and 2032.

Q2: Which Regions dominate the Circular Economy Market?

A: Currently, North America Dominates Global Market Share.

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