Circular Economy Concept Grows in Popularity Globally, States Euromonitor International in In-demand Report Available at MarketPublishers.com06 Jan 2017 • by Natalie Aster
LONDON – Shortness of resources, price volatility and environmental degradation are contributing to a transitioning to a circular economy which reduces wastage to a minimum and is aimed at re-using or recycling all end products. Adopting this concept can be helpful for manufacturers not only in controlling costs and operations but also in generating differentiating points, as well as drawing attention of consumers that care about purchasing sustainable products
Fashion is a major area, owing to the very fast-paced turnover of goods, and on the back of the preoccupation with re-use and repair as a fashion statement.
Household appliances and electronics are also essential owing to extensive use of unsafe resources and short lifecycles, with leasing schemes and resale and/or repair playing center stage.
Edible wastes and food packaging waste are also important areas, with a host of companies across Europe specifically focusing on the reduction of food waste.
In-demand research report “The Global Circular Economy: The Impact of “Reduce, Re-use, Recycle” on Consumer Markets” elaborated by Euromonitor International offers exclusive, detailed insights into emerging trends from pole to pole. The study examines the major forces giving a boost to the change in the marketplace today and also those likely to propel the sector in the offing; gives a refined understanding of the motivation. The publication provides competitive intelligence about the leading market players, keeps track of the key industry trends, identifies the shiny opportunities and sheds light on important threats in the domain. The report also provides forward-looking market outlook, and concludes with valuable comments and recommendations.
More insightful market research reports by Euromonitor are available at its page.