The Evolution of Circular Economy: A Literature Review on Sustainability Transitions and Challenges

Mohd Rizaimy Shaharudin, Dahlan Abdullah, Amir Imran Zainoddin, Rafeah Legino and Preecha Wararatchai
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Mohd Rizaimy Shaharudin: Faculty of Business and Management, Universiti Teknologi MARA, 08400 Merbok, Kedah, Malaysia
Dahlan Abdullah: Faculty of Hotel & Tourism Management, Universiti Teknologi MARA, 13500 Permatang Pauh, Pulau Pinang, Malaysia
Amir Imran Zainoddin: Department of Business and Management, Faculty of Business and Management, Universiti Teknologi MARA, 85000 Segamat, Johor.
Rafeah Legino: Formgiving Research Group, College of Creative Art, Universiti Teknologi MARA, 40450 Shah Alam, Selangor Malaysia
Preecha Wararatchai: College of Logistics and Supply Chain, Suan Sunandha Rajabhat University, Nakhon Pathom, Thailand

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 10, 102-115

Abstract: The aim of this study is to conduct a comprehensive literature review on Circular Economy and Sustainability. The review identifies significant gaps in the understanding of Circular Economy’s implementation, as well as the multifaceted challenges associated with transitioning from linear to circular models. The study highlights key developments, transitions, and challenges within Circular Economy literature, including barriers and enablers across different sectors, providing insights into the factors that facilitate successful transitions. By pinpointing critical gaps in existing research, this review sheds light on the key drivers of Circular Economy transitions and suggests pathways for overcoming the challenges that impede the global adoption of Circular Economy practices. Future research in Circular Economy should prioritize addressing barriers to implementation, such as market dynamics, consumer behavior, and regulatory obstacles, while also exploring innovative technologies and their applications in various sectors. By promoting interdisciplinary and cross-industry collaboration, Circular Economy research can help build a more sustainable and resilient economic future.

Date: 2024
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