Circular Economy and Opportunities for Small and Medium Enterprises in Lather Industry of Sialkot Pakistan

Abstract

Purpose: The purpose of this study is to find the opportunities/ benefits and barriers for the implementation of circular economy in lather manufacturing small and medium enterprises in Sialkot Pakistan. Methodology: The present study is qualitative and semi-structured interviews were conducted with production managers. Thematic analysis technique was applied. Findings: It was found that lack of public awareness is a major barrier and resource-saving is the major benefit or opportunity for small-medium enterprises for the implementation of a circular economy. Implications: The practical implication of study through environmental protection is how a firm can gain its market share.

Keywords

• Circular economy
• Benefits of circular economy
• Implementation of circular economy
• Lather manufacturing industry