Purpose of Review The aim of this study was to analyze the differences and similarities between the concepts circular economy (CE) and cascading utilization (CU) and the interactions between these concepts. The method chosen for this study was a qualitative content analysis, which was conducted on academic CU publications that appeared between 1990 and 2016. To identify connections between CU and CE, the findings of this study are compared to the results of a recent review on CE. Recent Findings From the perspective of the broader goals of CE and CU, both concepts promise to increase resource efficiency by supporting the multiple use of a resource. Research conducted on both concepts has included analyses of the environmental impacts of the CU or CE systems and descriptions of frameworks and tools used to develop cascade chains or measure the circularity of a given resource. Even though the concepts have many similarities, the research has mostly been conducted independently, and the number of connections between the two concepts is surprisingly low. Summary In general, the results of the analysis supported the hypothesis that CU and CE have many parallels and similarities. The CU concept addresses primarily resource management whereas CE provides a more holistic approach. Practically, the publications on CE include considerations of many kinds of resources, whereas publications on CU include a stronger focus on bio-based materials. Despite these differences, CU was shown to clearly fit into the CE concept in that it provides a specific focus on the utilization possibilities (e.g., reuse, recycling, and up-cycling) of a given resource. The term CU may be used whenever one or more of these measures are used.