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The circular economy approach involves initiatives across material and product life cycles, supporting sustainable resource consumption and waste prevention by assimilating high-tech solutions. The global resource management sector is transitioning toward greater digital technology adoption using disruptive smart technologies and platform-based sol...

17 Sep 2021  |  North America  |  Market Research

US Circular Economy for Lubricants Growth Opportunities

Demand for Sustainable and High-quality Base Oils Drives Future Growth Potential

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The United States accounts for more than 20% of all lubricants consumed globally. It has one of the highest per capita consumption rates of 7.6 gallons per year. Key factors such as high automobile use or ownership and a huge variety of industries contribute to the demand for lubricants. In 2020, total demand for lubricants in the United States rea...

South Korea has one of the highest per capita plastic packaging consumption rates globally, as well as one of the highest rates of collection and recycling. The country is strongly pushing the circular economy of plastic recycling through new policies and initiatives and is building on country-wide programs, such as waste disposal fees based on vol...

Increasingly stringent emission regulations and growing environmental awareness has been driving widespread adoption of clean energy solutions adhering to low carbon protocols. On the other side, growing urbanization and industrialization across the globe, which has led towards growth in consumption of goods, and materials, has resulted in a waste ...

03 Jul 2019  |  Global  |  Market Research

Growth Opportunities in the Circular Economy for Global Electric Vehicle Battery Reuse (Second-life) and Recycling Market, Forecast to 2025

Reuse Currently Dominates the Market with Recycling Expected to Significantly Drive Market Growth from 2021 Onwards

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The global electric vehicle reuse and recycling market stands at $61.5 million as of 2018 and is expected to reach $7809.1 million by 2025, recording a CAGR of 99.8%. The reuse segment is currently in full swing in terms of revenue; however, over the years, recycling of EV batteries is going to gain traction. With escalating metal prices specially ...

The global waste management industry is transitioning toward greater digital technology adoption with the growing availability and deployment of smart solutions such as smart bins and fleet management, cloud computing, customer interfaces, waste tracking systems, and AI robotic sorting. These solutions will significantly improve waste collection, t...

18 Dec 2020  |  North America  |  Market Research

Global Waste Recycling and Circular Economy Market Outlook, 2020

A Year of Continuing Digitalization, Ambitious Sustainability Goals, and Innovative Technologies Is Tempered by Reaction to the COVID-19 Pandemic

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A sustainable future requires a holistic approach across the entire waste management system. Responding quickly to market fluctuations, redefining growth, investing in innovative solutions and technologies, and focusing on long-term benefits can turn market challenges into business opportunities. Sustainability-minded enterprises and consumers are...

Asias large population and rapid urbanization have led to vast amounts of municipal solid waste (MSW) generation. Estimated at more than one million tonnes per day, MSW generation in urban Asia is only expected to increase in the coming years. Managing this waste is becoming a problem, with landfilling fast fading as a viable option, since land ava...

01 Nov 2019  |  Global  |  Market Research

Growth Opportunities in the Global Internet of Bins Market, Forecast to 2025

Smart City Initiatives, Combined with Efficiency and Improvement-related Financial Benefits, will be the Catalyst for Rapid Growth in Smart Bin Deployment

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Innovative business models like Build-Operate-Transfer (BOT), Build-Operate-Manage (BOM), Software-as-a-service (SaaS), and Sensing-as-as service are becoming a trend in the smart waste management sector. BOT/BOM is a complete package, where the company takes ownership of everything. Municipalities and companies should focus on “Pay-per-use” models...