Japans Secondhand Market Boosts Circular Economy Growth
The Japanese secondhand market has experienced explosive growth in recent years, nearly doubling in sales and accounting for over 1% of GDP. Key categories include used cars, apparel, and branded goods. Rising prices, the rise of secondhand e-commerce platforms, and increasing environmental awareness are major drivers. Platforms like Mercari are optimizing user experience and promoting market growth through adjusted fee policies. The secondhand market embodies the circular economy concept and is expected to become an important component of sustainable development.
