Circularity is an essential aspect of the industry transformation towards resource-efficiency, climate neutrality and long-term competitiveness. It can produce substantial material savings along value chains and production processes, generate added value and unlock economic opportunities.

Potentially, a change of business models to circularity could lead to both an environmental and an economic win-win result: products having a longer life, waste products being recycled/refurbished and offered on the market as new rather than created from scratch, product components being re-used rather than produced from primary materials, etc.