In the pursuit of sustainable development, circular business models offer innovative approaches to maximize resource efficiency and minimize waste generation. This article explores the application of circular business models in the valorization of rice by-products in Sri Lanka, aiming to assess sustainable choices within this context. Through a comprehensive literature review, the article investigates existing research on rice byproduct valorization, circular economy principles, and sustainable development initiatives in Sri Lanka. The introduction provides an overview of the importance of sustainable practices in agriculture and the challenges posed by rice by-product management. The literature review examines current strategies for rice by-product utilization, ranging from traditional practices to modern innovations. Furthermore, it analyzes the potential benefits and challenges associated with circular business models in the context of rice by-product valorization. The discussion section critically evaluates the feasibility and implications of adopting circular business models for sustainable rice by-product management in Sri Lanka, considering economic, environmental, and social factors. Overall, this article highlights the significance of integrating circular economy principles into agricultural practices to promote sustainable development and resource efficiency.
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Journal of Business & Financial Affairs received 1726 citations as per Google Scholar report
