India, April 21 -- Economies worldwide fundamentally depend on materials, yet a significant portion of their value is lost at each stage of production, use, and disposal. Each year, an initial estimate of euro (€) 25.4 trillion in economic value is lost due to resource inefficiencies, premature product disposal, and under utilised assets, according to the latest Circularity Gap Report.

Compared with a Gross Domestic Product (GDP) of €82.6 trillion, this highlights the immense scale of material-related losses.

This means that for every €3 of economic value created globally, around €1 is lost due to linear material use. These losses are avoidable and represent a significant opportunity for circularity to enhance va...