Circular Economy in Manufacturing : current trends and future directions

Tiwari, Saurabh and Yadav, Manish (2025) Circular Economy in Manufacturing : current trends and future directions. In: Rethinking Resources : strategies, policies, and partnerships for a circular future. Springer Nature, pp. 395-416. ISBN 9789819690541

Full text not available from this repository. (Request a copy)

Abstract

Manufacturing companies have made a substantial contribution to the betterment of living standards around the world. Therefore, in a linear framework, they are likewise linked to unsustainable patterns of production and consumption. Environmental laws, rising environmental awareness, and the need for social responsibility have manufacturing companies looking for new and creative methods to do business. The Circular Economy (CE), which will help build a more socially and environmentally responsible society, is widely seen as the only path to sustainable production (Tiwari et al., 2023) and development, replacing our current industrial “linear” paradigm. The increasingly popularized circular economy concept aims to break this link at last by keeping resources “in the loop.” The CE is an economic theory that aims to minimize waste and resource consumption while maintaining economic growth. CE uses and recycles natural resources in an effort to protect the environment. However, identifying potential barriers, opportunities, and benefits that could help economies and enterprises is essential for businesses and politicians to successfully use CE. CE is based on the cyclical movement of materials and energy, and it replaces the traditional linear take make-dispose model with the circular resource-product regenerated resource paradigm. The circular economy thus lays down the pathway for efficient resource use and recovery while attempting to curb reliance on virgin resources, waste, and pollution. And that is what this paper intends to do: above all: reinvestigate the concept of CE in manufacturing through systematic review. It will not just indicate avenues for further research concerning gaps in literature through the critical review but also compile the many opportunities, barriers, advantages, and disadvantages associated with CE in manufacturing enterprises.

Item Type: Book Section
Subjects: Social Sciences and humanities > Economics, Econometrics and Finance > Banking and Finance
JGU School/Centre: Jindal School of Banking and Finance
Depositing User: Mr. Luckey Pathan
Date Deposited: 05 Oct 2025 11:08
Last Modified: 05 Oct 2025 11:08
Official URL: https://doi.org/10.1007/978-981-96-9055-8_23
URI: https://pure.jgu.edu.in/id/eprint/10217

Downloads

Downloads per month over past year

Actions (login required)

View Item
View Item