Is the Circular Economy a New Fast‐Expanding Market?

Abstract

The circular pathway, also called the “cradle‐to‐cradle” model, is more than just recycling and environmental concerns. It is about a new way of thinking how we could grow without resorting to just expending resources. Its rapid expansion, as a new norm for companies, has characteristics of a Fast Expanding Market, given its exponential growth. In this article, we examine how the circular model is pushing companies and entities to come up with disruptive technology and business models that are based on longevity, renewability, reuse, repair, upgrade, refurbishment, servitization, capacity sharing and dematerialization. © 2015 Wiley Periodicals, Inc.

Circular economy for the built environment: A research framework

“…Barriers are also one of the points considered by Genovese et al (2015) who see government bodies as facilitators to overcome them in economic and industrial systems. The opportunities for policymakers to implement CE are also discussed in Esposito et al (2015) who looked at the practical levers such as tax, laws and regulatory frameworks within specific industrial sectors or the society at large. Regarding the latter group, however, a very western-centric view emerges in Esposito et al (2015 p.2) who maintain that the ultimate goal of a CE is "to preserve our current way of life by making it technically viable for the longer term by producing within a closed system".…”

Circular economy business models in developing economies: Lessons from India on reduce, recycle, and reuse paradigms

“…This implies reconfiguring the material flows from a linear approach (resource‐product‐waste) toward a closed‐loop approach (resource‐product‐waste‐new resource). The new reconfiguration model creates an ecosystem that is resilient and waste free owing to the adoption of reduce, reuse, and recycle paradigms (Esposito et al, , ; IMSA, ; Geng & Doberstein, ; Mathews et al, ; Tse et al, ; Tse, Esposito, & Soufani, ; WEF, ; Yong, ). Based on the literature review, Table provides an overview of the current understanding and conception of the circular economy model.…”

“…The first reason being that world population will exceed 8 billion by 2030 and 9 billion by 2050 (EMF, ; Tse, Esposito, & Soufani, ). This population growth level implies that the demand for resources will require two and three planets' worth of natural resources by 2030 and 2050, respectively (Esposito, Tse, & Soufani, ). The second reason is attributed to the linear economy model, which is driven by the “cradle‐to‐grave” philosophy.…”

Perceptions of Circular Business Models in SMEs

“…Tukker (2015) discussed the diffusion of product services, Ghisellini et al (2016) researched collaborative consumption models while van Weelden et al (2016) analyzed acceptance of refurbished products; (c) policy. Several scholars (Genovese et al, 2015) analyzed the role of policy in successful circular economies by analyzing challenges in terms of technology and public participation and their role as facilitators while Esposito et al (2017) discussed fiscal and regulatory frameworks within specific industries. Wirtz (2011) proposed an integrated business model consisting of three main components: (a) strategic, comprising items like strategy, resources and network; (b) customer and market, comprising items like customer, market offer and revenue model; (c) value creation, comprising production of goods and services, procurement and financial model.…”