If economic growth is not decoupled from the current mode of resource consumption, by the year 2050, humankind might use three times as much biomass, fossil fuels, minerals, and ores as we do today (UNEP, 2011). Circular Economy (CE) is perceived as a promising solution to these growing resource exploitation challenges; however, there seems to be a striking gap between awareness and implementation of CE (Grafström & Aasma, 2021; Kirchherr et al., 2018; Liu & Bai, 2014) that demands a credible explanation. We argue that one of the main reasons behind this lack of implementation is the current value chains are not designed for circularity. To explore this phenomenon further, the case study analysis of an established industrial cluster is conducted, and the findings are compared to derive lessons for the emerging sectors. Through the case study analysis, we hypothesized that emerging industries could learn from the shortcomings of established industries in their pursuit of sustainable circular management. In proving the hypotheses, we conducted a case study analysis of two established industries- aquaculture and fishing and one emerging industry – offshore wind. The research question asks, ‘how can we best use learnings from the implementation of CE practices in established industries for the sustainable growth of emerging industries?’  Preliminary analysis of the aquaculture and fishing industry revealed a range of barriers & opportunities in the implementation of CE. We found the similarities in the systemic challenges in achieving circularity at the industrial scale for the established industries provided critical insights to emerging industries. Moreover, we also found the barriers to the implementation of CE change with respect to the maturity level of the industry. We conclude that such knowledge from failures can be critical and may inspire early-stage planning in emerging sectors to realize sustainable circularity.