Conduct market research and collect data

Understanding market readiness to deliver circular solutions

It is easier to procure in line with the circular principles when the market is ready to provide circular goods and services. Conducting market research will provide you with insights on the innovative circular options available on the market. Understanding market readiness will help you to select sectors or product categories for successful pilots, as well as inform the development of circular criteria that suppliers can realistically respond to. Opportunities can be prioritised depending on market readiness.

Questions to consider:

  • Which businesses in your city are already providing circular goods and services (e.g. rental, reuse, pay-per-use, take-back, or leasing service)? If you cannot identify circular businesses, can you assess the willingness of businesses in cities to adopt more circular business models or provide more circular goods?

  • Can you conduct market research on market readiness and feasibility to deliver circular solutions?

  • Can you collaborate with local universities or research institutions to collect and analyse data on circular economy activities in your city?

Resources

  • The Circular Benchmark Tool developed by INTERREG Europe is an assessment tool to understand, visualize and compare progress towards a circular economy in a region. The tool analyzes the following six overarching indicators: circular procurement, access to funding, circular society, value chain activation, governance, and integrated policy framework.

  • Metabolic has outlined data-driven tools to analyse circular economy solutions in cities.

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