Rising Construction and Demolition Waste is Surging the Adoption of Circular Economy Globally

DELTA, British Columbia - Dec. 23, 2020 - PRLog -- The rising construction and demolition waste, increasing adoption of disruptive technologies in the circular economy such as big data, blockchain, and IoT to help companies in tracking resources and monitoring waste capacity along with burgeoning consumption of plastic in the end-user are the major factor driving the growth of Global Circular Economy market. Moreover, the surging carbon emission by the industries, growing innovation by the companies and organizations to address resource scarcity and climate risk along with snowballing investment toward the developments in single-use plastic packaging are the factor placing a positive impact towards the market growth over the forthcoming timeline.

According to MarkNtel Advisors' research report "Global Circular Economy Market Analysis, 2020", the Global Circular Economy market is anticipated to grow at a significant CAGR during 2021-26. Based on Waste Management, Plastic recycling is anticipated to grow at a higher rate over the forecast period. The surging use of plastic among various industries such as in automobile use to construct light vehicle, in food packaging to reduce food spoilage etc. The upsurge in the consumption of plastic is propelling the need of plastic recycling to decrease the plastic waste pollution as these are not naturally biodegradable. Besides this, robust surge in the use of personal care products, rapid increase in the bottled water hydration and rising urbanization are the factors expected to propel the growth circular economy in the forthcoming period.


"Global Circular Economy Market Analysis, 2020" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Circular Economy providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Get the sample pages of the report: https://www.marknteladvisors.com/research-library/global-circular-economy-market.html