Tech Roadmap: Circular Economy Digital Solutions

Guy Lewis

Guy Lewis

Kim Knickle

Kim Knickle

03 May, 2023

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Executive Summary

Verdantix calculations put the market size for circular economy digital solutions at $468 million in 2021; it is forecast to grow at a CAGR of 27% to reach over $1.7 billion by 2027 (see Verdantix Market Size And Forecast: Circular Economy Digital Solutions 2021-2027 (Global)). Sustainability and ESG leaders, and product managers responsible for selecting technologies to support circular economy processes, systems and objectives, as well as marketing executives and budget-holders, should use this report to identify technologies that can add value to their operations. Verdantix conducted a fact-based assessment of digital circular economy solutions designed to support firms in the transition to a circular economy. This Tech Roadmap outlines the business value, pace of innovation and maturity of 13 digital circular economy solutions: supply chain sustainability software; carbon management software; EHS software; ESG reporting software; reuse marketplaces; waste analytics software; product lifecycle assessment software; extended reality technology for repair and maintenance; product and materials traceability solutions; smart recycling bins; reverse logistics solutions; product lifecycle management software; and lifecycle inventories. 

Tech Roadmap Analysis As A Tool For Managers And Vendors
Key Questions Answered By The Tech Roadmap Analysis
Tech Roadmap Analysis Aligns With Circular Economy Solutions
Tech Roadmap Analysis For Circular Economy Solutions
Defining The Market
Tech Roadmap Methodology
Five Market Phases Of Technology Maturity
Three Technology Life Cycles Differentiate Business Value
Technology Adoption And Market Success Influence Positioning
Pace Of Innovation Determines Time To Next Life Cycle Phase
Circular Economy Solutions In The Launch Phase
Smart Recycling Bins
Extended Reality Technology For Repair And Maintenance
Waste Analytics Software
Product and Materials Traceability Solutions
Circular Economy Solutions In The Growth Phase
Carbon Management Software
Supply Chain Sustainability Software
ESG Reporting Software
Reverse Logistics Solutions
Reuse Marketplaces
Circular Economy Solutions In The Maturity Phase
Product Lifecycle Management Software
Product Lifecycle Assessment Software
Lifecycle Inventories
EHS Software

 
Figure 1. Tech Roadmap Technology Definitions
Figure 2. Tech Roadmap For Circular Economy Digital Solutions
12Return, 3E (Toxnot), Achilles, Acty, Alcumus, Altermaker, Amazon, AMCS Group, AMP Robotics, APlanet, Aravo, Arc’teryx, Archer Integrated Risk Management, Assent Compliance, Atelier Riforma, Atheer, atma.io, Autodesk, AVEVA, Axil Integrated Services, Back Market, Backacia, Benchmark Gensuite, Bigbelly, BillionGroup, Bin-e, Brochesia, CANCOM, Carbon Analytics, Cerclos, Circul8, Circular.co, CircularIQ, Circularise, Circulor, cirplus, Clarity AI, CleanMetrics, CleanRobotics, CLEVR, Cloverly, Columbia Property Trust, Compology, Conservice ESG, Cority, Creo Design, Cummins, Dakota Software, Dassault Systèmes, DCVC, Depop, DevonWay, DHL, Digimarc, Diginex, Diligent Corporation, DNV , EarthShift Global, Ecochain, ecoInvent, Ecometrica, EcoMundo, EcoOnline, ecoPortal, EcoTree, EcoVadis, eCycle, EDP, Electrobac, Empower.eco, Enablon, Enevo, ENGIE, Enviromate, Envizi, ESG Playbook, ethiXbase, Etsy, Everstream Analytics, EvoEco, Evotix, Evreka, Excess Materials Exchange, FedEx, Fieldbit, FigBytes, FixFirst, FLIR Systems, geofluxus, Globechain, GoodsTag, GREENbimlabs, GreenDelta, Greenly, Greenomy, Greenstone, Greyparrot, Grover, H&M, Higg, HSI, IBM, Ideagen, IKEA, IntegrityNext, Intelex, INX , iPoint-systems, IsoMetrix, JoinPad, Kashi, Kellogg Company, Kezzler, Kognitiv Spark, KURZ Digital, Landbell Group, Lasso, Levi’s, Librestream, Lixo, Lizee, Loop, Loopcycle, Madaster, Makersite, Measurabl, MESA Group, Metalshub, Microsoft, Narvar, NASDAQ, NAVEX Global, Newmine, Nona Source, Normative, Novisto, Nyala Blue, oculavis, Ombori, One Click LCA, OneStream, OneTRust, OnProcess, Optoro, Oracle, Organix, Origami Risk, Ortec Finance, Persefoni, Plaex, Planetly, Platship, Plow & Hearth, Plutomen, Poshmark, Position Green, ProcessMAP, PSQR, PTC, Qliktag, Quentic, Realwear, ReBound, recircular, Reconomy Group, Recycle Track Systems, Recycleye, Recyda, Recykal, Remote Eye, Rent the Runway, RepRisk, Resilio, Resourcify, Re-Teck, Returnly, ReverseLogix, Rheaply, riskmethods, RoadRunner Recycling, Rogers Electric & Machine, Rubicon Global, Rubicon Marketplace, SAI360 Global, Salesforce, SAP, Scantrust, Schneider Electric, Scope AR, ScrapAd, Scrapo, Selerant, Senseoneo, Servicemax, ServiceNow, Siemens, SimaPro, SINAI Technologies, SiteHawk, Smartbin.io, Solar Outdoor Media, Solid Forest, Source Intelligence, Sourceful, Sphera, StarTex, Sweep, Task Force on Climate-related Financial Disclosures (TCFD), TeamViewer, TenForce, TerraCycle, The Carlyle Group, The RealReal, thinkstep, thredUP, Tracifier, Trimble, True Twins, Ubimax, UL Solutions, UnaTerra, UNISOT, UPS, Upskill, US Securities and Exchange Commission (SEC), UtilityAR, VelocityEHS, Vestiaire Collective, VIA Analytics, Vinted, VisiumKMS, Vital Enterprises, VitalMetrics, VSight, Vuzix, Walmart, Watershed, WayCarbon, WeSort.AI, Wideum, Workiva, Worldfavor, XMReality, Yeti

About the Authors

Jessie Wilson

Jessie Wilson

Senior Analyst

Jessie is a Senior Analyst at Verdantix, specializing in sustainability assurance, due diligence and product sustainability. Her research covers both the services and software...

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Guy Lewis

Guy Lewis

Industry Analyst

Guy is an Industry Analyst in the Verdantix ESG & Sustainability practice. He currently leads research on circular economy software and services and supports research acro...

Kim Knickle

Kim Knickle

Research Director

Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a...

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