Product stewardship also refers to as Extended Producer Responsibility (EPR) is an environmental management strategy. It is an act defining the designer, producer, or seller to take responsibility regarding the minimization of the safety, health, environmental, as well as social impacts of a product and its packaging across all lifecycle stages, along with maximizing economic benefits. In this process, the enormous responsibility is on the entity with the utmost ability to affect the complete lifecycle environmental impacts of the product; in most cases, it is the manufacturer of the product.
MARKET SCOPE
The "Global Product Stewardship Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the product stewardship market with detailed market segmentation by component, organization size, deployment, and geography. The report provides key statistics on the market status of the leading product stewardship market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global product stewardship market is segmented into solution and services.
- On the basis of organization size, the market is segmented into large enterprises and SMEs.
- Based on deployment, the market is segmented into on-premise and cloud.
MARKET DYNAMICS
Drivers:
- The rising awareness for ensuring the safety and health of employees, environment protection, as well as government regulations among organizations is the key factor propelling the growth of product stewardship market.
- Since it is a concept recognized as producer responsibility, the manufacturers are accountable for their products' shelf-life. Manufacturers are focusing on organic packaging owing to increasing demand for eco-friendly products. Such awareness among people has augmented the popularity of product stewardship market.
Restraints:
- Lack of awareness may hinder the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The product stewardship market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the product stewardship market in these regions.
IMPACT OF COVID-19 ON PRODUCT STEWARDSHIP MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the product stewardship market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from product stewardship market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the product stewardship market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anthesis
- Arcadis NV
- CGI Inc.
- Enablon
- ERM Group, Inc.
- Gensuite
- Intelex Technologies
- SAP SE
- Sphera
- Verisk 3E