Circular Economy Consulting Services Market: Current Analysis and Forecast (2024-2032)
Emphasis on Service Type (Strategy Development, Supply Chain Optimization, Waste-to-Resource Solutions, and Circular Design & Product Lifecycle Management); End User (Manufacturing, Retail & Consumer Goods, Automotive, Energy & Utilities, Construction & Real Estate, Others); Organization Size (Large Enterprises, Small & Medium Enterprises); and Region/Country
Circular Economy Consulting Services Market Size & Forecast
The Circular Economy Consulting Services market was valued at approximately USD 214 Billion in 2023 and is expected to grow at a substantial CAGR of around 9.5% during the forecast period (2024-2032) owing to the growing corporate sustainability and ESG commitments.
Circular Economy Consulting Services Market Analysis
Circular Economy Consulting Services is a business that specializes in the transformation of linear approaches to waste making, recycling, and management to cyclical processes. Consultants work in relationships to the identification of ways and means of managing closed-loop supply chains, eco-design of products, and life-cycle assessment. These services help organizations in the reduction of the effect that they produce on the environment while at the same time increasing their efficiency as well as the reduction of cost. Companies are also able to benefit from compliance with international sustainability standards and the improvement of their corporate image.
Companies involved in the circular economy consulting services are integrating data and analytics solutions, lifecycle assessment (LCA) tools, and digital platforms to promote their services. They are now incorporating the use of Artificial Intelligence in waste tracking, blockchain technology for supply chain, and circular product design tools for accuracy in tracking. Moreover, strategic business collaborations with recycling companies and technology companies are seen to provide complete circular solutions. Top management consultants, such as McKinsey and, more recently, Accenture, have been incorporating circularity into the overall ESG and sustainability management consulting services.
On September 26, 2022, Accenture collaborated with Toshiba to provide consulting services to support green transformation (GX) efforts of the companies’ clients. The collaboration will target industries with high greenhouse gas emissions and other organizations with urgent needs to improve energy efficiency. Accenture will work with Toshiba to design and develop new sustainability services to drive emission reductions, in addition to strategies and solutions for carbon neutrality. Accenture will leverage its experience developing circular-economy business models and implementing sustainable supply chain processes, such as green procurement, as well as using cloud and other technology solutions from its partner ecosystem.
Circular Economy Consulting Services Market Trends
This section discusses the key market trends influencing the various segments of the Circular Economy Consulting Services market as identified by our research experts.
Growth in Circular Packaging Solutions in Retail & Consumer Goods Transforms Circular Economy Consulting Services Industry
The factors that make circular retailing, product take-backs, packaging recycling, and sustainable sourcing motives important in the retail & consumer goods sector are attributed to consumers’ push for green brands. Some industries in the sector apply circular economy consulting services to reuse, redesign packaging, and design supply chains for the least environmental effect. Moreover, consulting companies as advisors help brands in designing reverse logistics and remanufacturing initiatives to minimize waste and product end-of-life. Additional government measures about plastic bans and sustainability certificates influence retailers to adopt more circular economy solutions.
For instance, on January 7, 2025, Unilever, one of the world’s largest consumer goods companies, has long been a leader in sustainability.
Faced with growing environmental concerns and increasing consumer demand for eco-friendly products, Unilever adopted a circular economy strategy designed to minimize waste, maximize resource efficiency, and reduce its overall carbon footprint.
For businesses across the globe—whether large enterprises or small and medium-sized enterprises (SMBs)—Unilever’s approach offers a blueprint for building sustainable supply chains.
North America leads the market.
North America leads the market because of the rising corporate ESG ambitions and government regulation of waste reduction and recycling. Also, manufacturing, tech, as well as consumer goods industries are the current front runners when it comes to employing systems like waste-to-value and circular supply chains. Adding to this, consulting firms help with resorting waste management solutions, environmental businesses, and reverse logistics of resources. Moreover, increased focus on circular deployment and collaborations with recycling solutions are boosting the service uptake even further.
On March 16, 2023, in late 2022, Closed Loop Partners and Brookfield Renewable (“Brookfield”) announced the establishment of Circular Services, a leading developer of circular economy and recycling infrastructure in the United States. Closed Loop Partners announced that six leading companies, Microsoft, Nestlé, PepsiCo, SK Group, Starbucks and Unilever, joined Brookfield to invest in scaling circular economy infrastructure and services.
Circular Economy Consulting Services Industry Overview
The Circular Economy Consulting Services market is competitive, with several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Bain & Company, Inc.; AFRY AB; Sphera; Capgemini; Deloitte LLP; KPMG AG; PwC; ALCIMED SAS; Applus+; Boston Consulting Group.
Circular Economy Consulting Services Market News
On February 9, 2024, Deloitte announced an exclusive partnership with Circle Economy Consulting, an impact consulting firm that is a spinoff of Circle Economy Foundation. The collaboration can help organizations realize circular economy opportunities from designing strategy, to implementing transformation, to measuring and reporting on progress.
On September 1, 2023, AFRY expanded its presence in the Netherlands, offering dedicated cross-industrial Management Consulting services in sustainability. With the expansion of services in the Netherlands, AFRY Management Consulting extends its geographical position as well as its global Sustainability Consulting offering.
Circular Economy Consulting Services Market Report Coverage
Report Attribute | Details |
Base year | 2023 |
Forecast period | 2024-2032 |
Growth momentum | Accelerate at a CAGR of 9.5% |
Market size 2023 | USD 214 Billion |
Regional analysis | North America, Europe, Asia-Pacific, Rest of the World |
Major contributing region | Asia-Pacific is expected to grow at the highest CAGR during the forecasted period. |
Key countries covered | U.S., Canada, Germany, France, UK, Spain, Italy, China, Japan, and India |
Companies profiled | Bain & Company, Inc.; AFRY AB; Sphera; Capgemini; Deloitte LLP; KPMG AG; PwC; ALCIMED SAS; Applus+; Boston Consulting Group |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Service Type, By End User, By Organization Size, By Region/Country |
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
The global Circular Economy Consulting Services market can be customized further as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Circular Economy Consulting Services Market Analysis (2022-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Circular Economy Consulting Services market were the three major steps undertaken to create and analyze the adoption of Circular Economy Consulting Services in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Circular Economy Consulting Services market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Circular Economy Consulting Services market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Circular Economy Consulting Services market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as service type, end user, organization size, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Circular Economy Consulting Services market. Further, we conducted factor analysis using dependent and independent variables such as service type, end user, organization size, and regions of the Circular Economy Consulting Services market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Circular Economy Consulting Services market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Circular Economy Consulting Services market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the Circular Economy Consulting Services market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global Circular Economy Consulting Services market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global circular economy consulting services market. Data was split into several segments and sub-segments after studying various parameters and trends in the service type, end user, organization size, and regions of the global Circular Economy Consulting Services market.
The main objective of the Global Circular Economy Consulting Services Market Study
The current & future market trends of the global Circular Economy Consulting Services market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of the Circular Economy Consulting Services market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
Segments in the study include areas of service type, end user, organization size, and regions.
Define and analyze the regulatory framework for the circular economy consulting services
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
Analyze the current and forecast market size of the circular economy consulting services market for the major region.
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
Company profiles of the circular economy consulting services market and the growth strategies adopted by the market players to sustain the fast-growing market.
Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the circular economy consulting services market's current size and growth potential?
The Circular Economy Consulting Services market was valued at USD 214 Billion in 2023 and is expected to grow at a CAGR of 9.5% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the circular economy consulting services market?
The growing corporate sustainability and ESG commitments, increasing consumer demand for eco-friendly products, global focus on reducing carbon footprint and circular supply chains, rise in industrial waste & need for waste-to-resource solutions, and increasing investments in sustainability & circular economy startups drive the circular economy consulting services market.
Q3: Which segment has the largest share of the circular economy consulting services market by service type?
Strategy Development has the largest share of the circular economy consulting services market by service type.
Q4: What are the major trends in the circular economy consulting services market?
The rising adoption of product-as-a-service (PaaS) models is the major trend in the circular economy consulting services market.
Q5: Which region dominates the circular economy consulting services market?
North America dominated the market in 2023.
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