What is circular economy and what business benefits does it bring?

The term "circular economy" is increasingly mentioned in the news and is high on the political agenda. The Netherlands is aiming for a fully circular economy by 2050. It is a sustainable and for many perhaps a new way of working, with numerous opportunities and benefits for entrepreneurs. But what does a circular economy entail? And what are the benefits of switching to circularity?

Circulaire economie

What is circular economy?

The circular economy, also known as the circular economy, is based on the idea that products should never become obsolete or landfill. Instead, all products are processed into new products after use. In short, all raw materials are preserved in the economy and waste is prevented. When a product reaches the end of its life, it is broken down into separate elements that are returned to the production cycle. Recycling is central to this, but also reuse, repair or biological processes such as composting. In a circular system, this process continues indefinitely.

What's the difference between the circular model and the linear model?

In a linear economy, products go through a life cycle of production, sale, consumption and waste. It is a traditional model that uses cheap, readily available raw materials that are converted into products. At the end of their life, these products are thrown away with no value retained or recovered, leading to the depletion of natural resources and pollution of the environment. A circular economy, on the other hand, aims to reuse raw materials without creating waste. Products must be durable and last as long as possible. The circular economy is seen as a way to produce and consume more sustainably, and to reduce the negative impact of our economy on the environment.

Why should a company switch to a circular system?

Unfortunately, the linear economy is still the dominant model in our society. The growing demand for raw materials and the scarcity of resources are important reasons for switching to a circular economy. In addition to the obvious environmental benefits, such as less depletion of natural resources, less air pollution and less land use, there are also business benefits. By implementing circular strategies, you as a company can:

  • Save costs by making more efficient use of resources and materials.
  • Create new revenue streams by recovering and selling used products.
  • Improve your brand reputation by contributing to a sustainable future.
  • Gain insight into the full lifecycle of your products, which can lead to innovation and improved designs.

All in all, moving to a circular economy can help companies stay competitive in a world where sustainability is becoming increasingly important.

TakeAware contributes to a circular economy

At TakeAware you will find more sustainable alternatives to disposables, made from different materials. Most of the products in our range contribute to a circular economy, where waste is given a second life and converted into packaging. We are determined to offer our customers the most environmentally friendly range possible. Do you also want to contribute? Take a look at our wide range and find the products that best suit your company! In our digital shelves you will find products in the following categories: snacks, takeaway, bags and bags, plates and bowls, napkins and cutlery, cups, hygiene and reusable products.