The research methodology for the global Digital Product Passport (DPP) market report involved the use of extensive secondary sources and directories, as well as various reputed open-source databases, to identify and collect information useful for this technical and market-oriented study. In-depth interviews were conducted with various primary respondents, including key opinion leaders, subject matter experts on circular economy, supply chain traceability and sustainability, high-level executives of multiple companies offering digital product passports, and industry consultants to obtain and verify critical qualitative and quantitative information and assess the market prospects and industry trends.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports; press releases and investor presentations of companies; white papers, certified publications such as Journal of Industrial Ecology, Circular Economy Action Plan, United Nations Environment Program (UNEP), Ecodesign for Sustainable Products Regulation (ESPR); and articles from recognized associations and government publishing sources including but not limited to Ellen MacArthur Foundation, World Resources Institute (WRI), European Environmental Agency, Global Reporting Initiative (GRI), World Circular Economy Forum (WCEF), and Global Alliance for Circular Economy and Resource Efficiency (GACERE).
The secondary research was used to obtain key information about the industry’s value chain, the market’s monetary chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives.
Primary Research
In the primary research process, a diverse range of stakeholders from both the supply and demand sides of the digital product passport ecosystem were interviewed to gather qualitative and quantitative insights specific to this market. From the supply side, key industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology & innovation directors, as well as technical leads from vendors offering digital product passport were consulted. Additionally, system integrators, service providers, and IT service firms that implement and support digital product passports were included in the study. On the demand side, input from IT decision-makers, infrastructure managers, and sustainability/circularity heads was collected to understand the user perspectives and adoption challenges within targeted industries.
The primary research ensured that all crucial parameters affecting the digital product passport market—from technological advancements and evolving use cases (supply chain traceability, customer engagement, regulatory compliance, circular economy etc.) to regulatory and compliance needs (ESPR, EU Battery Regulation, Delegated Regulation 157/2014 etc.)—were considered. Each factor was thoroughly analyzed, verified through primary research, and evaluated to obtain precise quantitative and qualitative data for this market.
Once the initial phase of market engineering was completed, including detailed calculations for market statistics, segment-specific growth forecasts, and data triangulation, an additional round of primary research was undertaken. This step was crucial for refining and validating critical data points, such as digital product passport offerings (digital product passport software and digital product passport services), industry adoption trends, the competitive landscape, and key market dynamics like demand drivers (Increased consumer demand for transparency, EU regulations for a sustainable circular economy , growing importance of battery passports in advancing sustainability goals), challenges (High implementation costs in budget-constrained industries, privacy and security concerns in the collection and sharing of sensitive product data), and opportunities (Unlocking new revenue by circulating products and materials, technological advancements in blockchain, IoT, and AI driving efficient DPP implementation.)
In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market estimation and market forecast for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to record the critical information/insights throughout the report.
Note: Three tiers of companies are defined based on their total revenue as of 2023; tier 1 = revenue more
than USD 100 million, tier 2 = revenue between USD 100 million and 10 million, tier 3 = revenue less than USD 10 million
Source: MarketsandMarkets Analysis
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Multiple approaches were adopted for estimating and forecasting the web content management market. The first approach involves estimating the market size by companies’ revenue generated through the sale of WCM products.
Market Size Estimation Methodology- Top-down approach
To estimate and forecast the digital product passport market and its dependent submarkets, both top-down and bottom-up approaches were employed. This multi-layered analysis was further reinforced through data triangulation, incorporating both primary and secondary research inputs. The market figures were also validated against the existing MarketsandMarkets repository for accuracy. The following research methodology has been used to estimate the market size:
Digital Product Passport (DPP) Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Market Definition
A Digital Product Passport (DPP) is a comprehensive digital record that encapsulates detailed information about a product's entire lifecycle—from design and manufacturing to usage and end-of-life management. It serves as a digital twin of the physical product, securely storing data on material composition, origin, environmental impact, and recyclability. This information is typically accessible via data carriers like QR codes, barcodes, or NFC tags attached to the product, allowing stakeholders—including manufacturers, consumers, and regulators—to access pertinent details through smart devices. The European Commission's Ecodesign for Sustainable Products Regulation (ESPR) identifies DPPs as pivotal tools for enhancing product traceability, sustainability, and circularity, facilitating the transition to more sustainable business models and consumption patterns.
Stakeholders
-
Vendors offering digital product passport software
-
Vendors offering digital product passport services
-
Business analysts
-
Technology providers
-
Manufacturers & suppliers
-
Recyclers and waste management companies
-
Enterprise end users
-
Distributors and Value-added Resellers (VARs)
-
Government agencies
-
Independent Software Vendors (ISV)
-
Market research and consulting firms
-
Certification & compliance bodies
-
Refurbishing marketplaces
Report Objectives
-
To define, describe, and forecast the digital product passport market by offering, focus area, lifecycle stage, and end-user
-
To provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
-
To analyze the micro markets with respect to individual growth trends, prospects, and their contribution to the total market
-
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the digital product passport market
-
To analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
-
To forecast the market size of segments for five main regions: North America, Europe, Asia Pacific, and the Rest of World (ROW)
-
To profile the key players and comprehensively analyze their market ranking and core competencies
-
To analyze competitive developments, such as partnerships, product launches, and mergers and acquisitions, in the digital product passport market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
-
Product matrix provides a detailed comparison of the product portfolio of each company
Geographic Analysis as per Feasibility
-
Further breakup of the North American market for Digital product passport
-
Further breakup of the European market for Digital product passport
-
Further breakup of the Asia Pacific market for Digital product passport
-
Further breakup of the Rest of World market for Digital product passport
Company Information
-
Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Digital Product Passport (DPP) Market