Circular Economy and Sustainability: A Comprehensive Analysis

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Shahrjerdi Reza; Bazoubandi Roghaye

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Journal Paper

Paper Information

Journal: ADVANCES IN INDUSTRIAL ENGINEERING Year:2024 | Volume:58 | Issue:2 Page(s): 251-276

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Information Journal Paper

Title

Circular Economy and Sustainability: A Comprehensive Analysis

Author(s)

Shahrjerdi Reza | Bazoubandi Roghaye | Issue Writer Certificate

Keywords

Circular economy

sustainability

Sustainable Business Models

Waste Reduction

Resource Efficiency

Abstract

The increasing recognition of the circular economy (CE) as a sustainable business model has spurred significant research and application across various industries. This study aims to provide a comprehensive analysis of the intersection between circular economy and sustainability, analyzing the evolving trends, key challenges, and opportunities within this domain. Through a content analysis of 112 scholarly articles published between 2022 and 2024, we delve into the fundamental components of CE and sustainability, examining their interdependencies and potential synergies. Our analysis reveals that the circular economy and sustainability are deeply interconnected, both striving for a more sustainable future. The circular economy focuses on extending the lifespan of products through strategies like design for the environment, eco-innovation, sharing economy, product lifecycle extension, recycling, upcycling, and bioeconomy. Sustainability, on the other hand, seeks a balance between environmental, social, and economic factors. Both concepts share common goals of resource efficiency, reduced pollution, social equity, and innovation. By working together, they can create a more resilient and equitable world, minimizing waste, conserving resources, and ensuring a healthier planet for future generations.

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