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Digital Product Passport (DPP) Market

Report Code TC 9309
Published in Jan, 2025, By MarketsandMarkets™
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Digital Product Passport (DPP) Market by Focus Area (Supply Chain Management, Circular Economy, Customer Engagement, Environmental Impact Assessment), Lifecycle Stage (Product Design, Production, Distribution, End of Life) - Global Forecast to 2030

 

Overview

The Digital Product Passport (DPP) market is witnessing considerable expansion, propelled by regulatory requirements, consumer desire for transparency, and technological progress. It was estimated to account for USD 185.9 million in 2024 and reach USD 1,780.5 million by 2030, with a CAGR of 45.7%. Governments around the globe, such as the European Union, have enforced strict regulations like the Ecodesign for Sustainable Products Regulation (ESPR) and the EU Battery Directive, demanding comprehensive lifecycle data for products to promote sustainability and circularity. These requirements urge sectors such as automotive, electronics, fashion, and construction to implement DPPs as vital compliance instruments. At the same time, consumers are placing greater importance on eco-friendly products, looking for comprehensive details regarding a product's source, material makeup, and ecological footprint. The change in consumer habits motivates companies to implement DPPs to improve brand confidence and fulfill market demands. Furthermore, progress in supporting technologies like blockchain, IoT, and AI is enhancing the efficiency and scalability of DPP implementation, enabling companies to incorporate them seamlessly into their supply chains.

The Digital Product Passport (DPP) is a digital identity card for products, components, and materials, which stores relevant information to support products’ sustainability, promote their circularity, and strengthen legal compliance. This information is accessible electronically, making it easier for consumers, manufacturers, and authorities to make more informed decisions about sustainability, circularity, and regulatory compliance. It also enables customs authorities to perform automatic checks on the existence and authenticity of the DPPs of imported products.

Digital Product Passport (DPP) Market

Attractive Opportunities in the Digital Product Passport (DPP) Market

ASIA PACIFIC

Asia Pacific is projected to register the highest CAGR during the forecast period, driven by rapid digital transformation and the expanding IT infrastructure in emerging economies like India and China.

The growing integration of AI and automation increases efficiency in content creation and seamless content delivery across multiple platforms.

Acquisitions and mergers would offer lucrative opportunities to the market players in the next five years.

The growing demand for personalized content and the rise of omnichannel marketing strategies, drive the demand for advanced technology integration in content management.

Investments in research & development encourage technological advancements in the Asia Pacific region.

Impact of AI on Digital Product Passport (DPP) Market

AUTOMATED COMPLIANCE REPORTING

Gen AI streamlines compliance by automating data generation and updates, ensuring up-to-date regulatory adherence.

SUSTAINABILITY & LIFECYCLE TRANSPARENCY

Gen AI enhances lifecycle tracking and presents sustainability metrics in actionable ways, crucial for environmental accountability.

SUPPLY CHAIN TRACEABILITY

Gen AI improves the clarity and usability of supply chain data, but the quality depends on upstream data accuracy and integration.

CONSUMER ENGAGEMENT

Tailored AI-generated content makes DPPs more engaging and easier for consumers to understand, driving better purchasing decisions.

MULTILINGUAL & GLOBAL INTEROPERABILITY

Gen AI excels in language generation, making multilingual, globally interoperable DPPs seamless and efficient.

CIRCULAR ECONOMY ENABLEMENT

AI-powered insights significantly boost recycling, reuse, and repair efforts by making circular economy data actionable and accessible.

Digital Product Passport (DPP) Market Impact

Global Digital Product Passport (DPP) Market Dynamics

Driver: European Union’s regulatory efforts for promoting circularity

One of the most significant growth drivers for the Digital Product Passport (DPP) market is the increasing implementation of strict regulatory frameworks. Initiatives like the EU Battery Directive and the ESPR delegate that companies supply detailed information regarding their products' lifecycles. The information should cover aspects like material sourcing, environmental impact, and recycling possibilities at the end of the product's life. These policies aim to enhance sustainability, reduce waste, and encourage circular economy initiatives. Sectors like automotive, electronics, and fashion are significantly impacted by increased examination of their environmental and social effects. To adhere to these regulations and prevent possible penalties, companies are progressively implementing DPPs, establishing them as essential to fulfilling changing compliance requirements and propelling the market ahead.

Restraint: High initial setup costs hindering DPP adoption across SMEs

A major problem with using DPP is its expensive setup cost, especially for Small and Medium-sized Enterprises (SMEs). Setting up DPPs requires spending money upfront on new systems, training employees, and compliance measures, which can be daunting for SMEs. Additionally, recurring costs for data management, software upgrades, and system maintenance further add to the financial strain. Big companies usually have enough money to spend on advanced tools, such as blockchain, IoT, and data analysis, but smaller businesses struggle because of the high overhead expenditure. Without help like subsidies or incentives, many smaller companies might avoid using DPPs, which could slow their adoption and hold back the market's growth.

 

Opportunity: Emergence of battery passports in rapidly growing energy storage sector

Battery passports present a substantial opportunity in the Digital Product Passport (DPP) market, particularly with the rapid global shift toward Electric Vehicles (EVs). These passports deliver a detailed digital record of a battery’s lifecycle, encompassing its material composition, origin, manufacturing process, and recyclability. To ensure sustainability and transparency, regulations such as the EU Battery Regulation mandate comprehensive tracking, making battery passports key elements of compliance. Battery passports meet regulatory requirements, encourage efficient recycling, reuse, and second-life applications for batteries, and promote environmental benefits. They also boost consumer confidence by confirming that sources are ethical and at the expense of less greenwashing. With industries embracing the circular economy, battery passports offer opportunities for innovation, resource efficiency, and competitive advantage in energy storage and automotive.

Challenge: Data interoperability issues across diverse global supply chains

A major obstacle in the DPP industry is attaining data integration and interoperability throughout numerous supply chains. Many businesses operate on siloed systems, causing stakeholders to use several standards, media, and technology for product information management. This lack of consistency presents considerable barriers to the seamless sharing and verification of lifecycle data among manufacturers, suppliers, and end users. Furthermore, integrating DPPs with legacy systems can be complex and expensive, especially for sectors dependent on outdated infrastructure. The challenge becomes even greater in global supply chains, where regulatory and technological disparities between regions further complicate the process. Without universal data standards and interoperable systems, the acceptance and scalability of DPPs might suffer severe delays that restrict their possible effect on sustainability and openness.

Global Digital Product Passport (DPP) Market Ecosystem Analysis

The DPP market ecosystem comprises diverse stakeholders, including software providers, DPP platform providers, service providers, end users, and government/regulatory bodies. Software providers like Arianee and Protokol focus on developing lifecycle data management solutions. Platform providers, including 3E and Minespider, enable end-to-end traceability and compliance across supply chains. Service providers such as DNV and Pathway offer specialized support for implementing DPPs and ensuring regulatory adherence. This interconnected ecosystem highlights a collaborative effort to achieve circularity and compliance through DPPs.

Top Companies in Digital Product Passport (DPP) Market

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

 

By offering, DPP software segment to register largest market share in 2024

By offering segment, DPP software leads the market owing to its essential role in enabling product lifecycle data to be generated, managed, and circulated among supply chains. These software form the backbone of digital product passports, offering robust features such as data integration, blockchain-based traceability, and real-time analytics. Automotive, electronics, and textiles are among the industries that need DPP software to meet sustainability standards outlined in the European Union's Ecodesign for Sustainable Products Regulation (ESPR). Moreover, software solutions offer flexibility and scalability. Therefore, enterprises can tailor DPPs to industry needs and product complexity. DPP software's capacity to automate compliance and assist decision-making further cements its position as the top industry in the market, given that companies progressively value openness and efficiency.

By focus area, circular economy segment to account for highest growth rate during forecast period

During the forecast period, the circular economy is set to become the fastest-growing focus area of DPPs as industries increasingly adopt sustainable practices to minimize waste and maximize resource efficiency. DPPs enable circularity by providing detailed data about a product’s lifecycle, including material composition, origin, and end-of-life options such as recycling or refurbishment. This transparency enables businesses to reclaim valuable materials, minimize environmental impact, and adhere to regulations such as the EU’s Circular Economy Action Plan. Furthermore, DPPs make the growth of secondary markets for recycled and reconditioned goods possible, spurring circularity and producing new income sources. Consumer demands for sustainable production and usage make DPPs vital for meeting the objectives of a circular economy.

Europe to emerge as largest region by market share in 2024

Europe is expected to account for a major share of the DPP market in 2024, driven by stringent sustainability regulations and a strong commitment to achieving a circular economy. The EU’s Ecodesign for Sustainable Products Regulation (ESPR) mandates detailed product lifecycle tracking, compelling industries like automotive, textiles, and electronics to adopt DPPs for compliance. The EU Battery Regulation also requires battery manufacturers to provide transparency on material sourcing and recyclability. European companies are already embracing DPPs; for instance, Siemens offers battery passport solutions for tracking sustainability in EV batteries. Holzweiler, a Norwegian fashion brand, uses DPPs to promote transparency in textiles. Further advancements, such as blockchain-enabled solutions by start-ups like Circularise and Minespider, highlight the region’s leadership in DPP technology.

LARGEST REGION BY MARKET SHARE IN 2024
FRANCE FASTEST-GROWING MARKET IN REGION
Digital Product Passport (DPP) Market by region

Recent Developments of Digital Product Passport (DPP) Market

  • In December 2024, Spherity acquired Xylene, a supply chain transparency and sustainability solutions provider. This acquisition comes as the digital product passport industry consolidates, underscoring the importance of cohesive solutions that meet the growing demand for transparency and traceability in global supply chains.
  • In November 2024, Siemens officially launched its Battery Passport Platform at the 7th China International Import Expo (CIIE) in November 2024. This platform is part of a collaborative effort with Sunwoda. It aims to provide a comprehensive solution for tracking the lifecycle carbon footprint of battery products, promoting transparency and sustainability in the battery industry.
  • In September 2024, 3eco Exchange launched a Digital Product Passport Library to provide transparent, accessible product information for consumers. This initiative supports sustainable consumption by offering detailed product histories, certifications, and usage guidelines.
  • In July 2024, Eviden, in partnership with the IOTA Foundation, launched a blockchain-based digital passport solution. The system enhances compliance with EU regulations and promotes sustainability by securely tracking battery production, usage, and recycling.
  • In June 2024, Optel partnered with ERM to advance supply chain visibility and reporting, using digital technologies to enhance sustainability and transparency. This partnership helps companies achieve Environmental, Social, and Governance (ESG) objectives.
  • In January 2024, 3E acquired ChemChain to strengthen its supply chain sustainability offerings. The partnership integrates ChemChain's blockchain-based digital product passport technology with 3E’s compliance solutions, enhancing transparency and regulatory support for sustainable supply chains.

Key Market Players

List of Top Digital Product Passport (DPP) Market Companies

The Digital Product Passport (DPP) Market is dominated by a few major players that have a wide regional presence. The major players in the Digital Product Passport (DPP) Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2023–2030
Base year considered 2023
Forecast period 2024–2030
Forecast units USD (Million)
Segments Covered Offering, Focus Area, Lifecycle Stage, End User, and Region
Regions covered North America, Europe, Asia Pacific, and Rest of World

 

Key Questions Addressed by the Report

What is the role of digital product passport in enabling a circular economy?
DPPs drive the circular economy by providing detailed product lifecycle data, enabling efficient recycling, refurbishment, and reuse. They enhance material traceability, ensure compliance with sustainability regulations, and unlock secondary markets. By promoting transparency and accountability, DPPs empower businesses and consumers to minimize waste and maximize resource efficiency, fostering a sustainable future.
What is the total CAGR expected to be recorded for the digital product passport market during the forecast period?
The digital product passport market is expected to record a CAGR of 45.7% during the forecast period.
Which are the key drivers supporting the growth of the digital product passport market?
The key factors driving the growth of the digital product passport market include increased consumer demand for product lifecycle transparency, the growing importance of battery passports in advancing sustainability goals, and evolving EU regulations for promoting a sustainable circular economy.
Which are the top three end users in the digital product passport market?
The leading verticals in the DPP market include fashion & textiles, electronics & semiconductors, and construction.
Who are the key vendors in the digital product passport market?
Major vendors offering DPP solutions & services across the globe include AVL (Austria), Eviden (France), iPoint-systems (Germany), DNV (US), Narravero (Germany), Optel Group (Canada), Siemens (Germany), 3E (US), Kezzler (Norway), EON (US), Circulor (UK), LyondellBasell (Netherlands), Arianee (France), Billon Group (UK), Qliktag (US), Protokol (Netherlands), Circularise (Netherlands), The ID Factory (Italy), Renoon (Netherlands), Spherity (Germany), ASM Global (India), Carboledger (US), Scantrust (Switzerland), Pathway Digital Products (UK), Minespider (Germany), Cirpass (France), Piconext (US), and PSQR (Denmark).

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
23
RESEARCH METHODOLOGY
28
EXECUTIVE SUMMARY
39
PREMIUM INSIGHTS
44
MARKET OVERVIEW AND INDUSTRY TRENDS
47
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increased consumer demand for transparency
    - Growing importance of battery passports in advancing sustainability goals
    - EU regulations for sustainable circular economy
    RESTRAINTS
    - High implementation costs in budget-constrained industries
    - Privacy and security concerns in collecting and sharing sensitive product data
    OPPORTUNITIES
    - Digital product passport in precision healthcare and drug discovery
    - Technological advancements in blockchain, IoT, and AI driving efficient DPP implementation
    CHALLENGES
    - Slow adoption due to lack of education and industry resistance
    - Legacy system compatibility and lack of standardized frameworks
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.4 PRICING ANALYSIS
    PRICING DATA, BY OFFERING
    PRICING DATA, BY FOCUS AREA
  • 5.5 SUPPLY CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
    DIGITAL PRODUCT PASSPORT PLATFORM PROVIDERS
    DIGITAL PRODUCT PASSPORT SOFTWARE PROVIDERS
    DIGITAL PRODUCT PASSPORT SERVICE PROVIDERS
    END USERS
    GOVERNMENT & REGULATORY BODIES
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Blockchain and Distributed Ledger Technology (DLT)
    - Internet of Things (IoT)
    - RFID/NFC tags/QR codes
    - Cloud computing
    COMPLEMENTARY TECHNOLOGIES
    - AR/VR
    - Natural Language Processing (NLP)
    - Digital watermarking
    - Active packaging
    ADJACENT TECHNOLOGIES
    - Machine Learning (ML)
    - Digital twin
    - Edge computing
    - Data encryption
  • 5.8 PATENT ANALYSIS
    METHODOLOGY
    PATENTS FILED, BY DOCUMENT TYPE
    INNOVATION AND PATENT APPLICATIONS
  • 5.9 INVESTMENT LANDSCAPE AND FUNDING SCENARIO
  • 5.10 IMPACT OF GENERATIVE AI ON DIGITAL PRODUCT PASSPORT MARKET
    AUTOMATED COMPLIANCE REPORTING
    SUSTAINABILITY & LIFECYCLE TRANSPARENCY
    SUPPLY CHAIN TRACEABILITY
    CONSUMER ENGAGEMENT & EDUCATION
    MULTILINGUAL & GLOBAL INTEROPERABILITY
    CIRCULAR ECONOMY ENABLEMENT
  • 5.11 CASE STUDY ANALYSIS
    CASE STUDY 1: STEFANO BEMER AND NARRAVERO REVOLUTIONIZED CUSTOMER EXPERIENCE WITH DPP TO ENHANCE TRANSPARENCY AND SUSTAINABILITY
    CASE STUDY 2: PORSCHE ADVANCED SUSTAINABLE AUTOMOTIVE PRACTICES WITH BLOCKCHAIN-ENABLED SUPPLY CHAIN TRANSPARENCY
    CASE STUDY 3: HOLZWEILER ACCELERATED FAULT DETECTION WITH TRIMCO GROUP AND KEZZLER’S DIGITAL PRODUCT PASSPORT FOR ENHANCED PRODUCT RELIABILITY IN MANUFACTURING
    CASE STUDY 4: TOMMY HILFIGER AND ID FACTORY REVOLUTIONIZED SUPPLY CHAIN TRANSPARENCY WITH TRACEABILITY SYSTEMS AND DIGITAL PRODUCT PASSPORTS
    CASE STUDY 5: FIBRE FOR GOOD ACCELERATED ITS JOURNEY TO SUSTAINABLE APPAREL WITH PICONEXT DIGITAL PRODUCT PASSPORTS
  • 5.12 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATORY FRAMEWORK
    - North America
    - Europe
    - Asia Pacific
    - Middle East & Africa
    - Latin America
  • 5.13 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.14 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.15 EVOLUTION OF DIGITAL PRODUCT PASSPORT
DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING
88
  • 6.1 INTRODUCTION
    OFFERINGS: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
  • 6.2 SOFTWARE
    DPP SOFTWARE TO PROVIDE CENTRALIZED DATA MANAGEMENT AND ENABLE STAKEHOLDERS TO ACCESS CRITICAL LIFECYCLE DATA SEAMLESSLY
  • 6.3 SERVICES
    NEED TO DRIVE TRANSPARENCY AND COMPLIANCE TO FUEL DEMAND FOR DIGITAL PRODUCT PASSPORT SERVICES
DIGITAL PRODUCT PASSPORT MARKET, BY FOCUS AREA
92
  • 7.1 INTRODUCTION
    FOCUS AREAS: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
  • 7.2 SUPPLY CHAIN MANAGEMENT
    AI-POWERED ANALYTICS TO EXTRACT INSIGHTS FROM DPP DATA TO ENABLE COMPANIES TO OPTIMIZE PROCESSES, FORECAST DISRUPTIONS, AND ENSURE SUPPLY CHAIN RESILIENCE
  • 7.3 ENVIRONMENTAL IMPACT ASSESSMENT
    NEED TO INCORPORATE ENVIRONMENTAL IMPACT ASSESSMENT TO ENSURE TRANSPARENCY REGARDING ECOLOGICAL EFFECTS OF MANUFACTURING AND DISPOSAL
  • 7.4 CIRCULAR ECONOMY
    DPPS HELPS COMPANIES MEET REGULATORY REQUIREMENTS LIKE THE EUROPEAN UNION’S CIRCULAR ECONOMY ACTION PLAN AND STRENGTHENS CONSUMER TRUST IN SUSTAINABLE PRODUCTS
  • 7.5 REGULATORY COMPLIANCE & REPORTING
    NEED TO STREAMLINE REPORTING PROCESS BY CONSOLIDATING LIFECYCLE DATA IN REAL-TIME TO ENABLE BUSINESSES TO MEET COMPLIANCE DEADLINES EFFICIENTLY
  • 7.6 CUSTOMER ENGAGEMENT
    BRANDS CAN OFFER TAILORED RECOMMENDATIONS AND SERVICES WITH DPPS CONTAINING PRODUCT-SPECIFIC AND POTENTIALLY CUSTOMER-CENTRIC DATA,
  • 7.7 OTHER FOCUS AREAS
DIGITAL PRODUCT PASSPORT MARKET, BY LIFECYCLE STAGE
99
  • 8.1 INTRODUCTION
    LIFECYCLE STAGES: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
  • 8.2 PRODUCT DESIGN
    GROWING EMPHASIS ON SUSTAINABLE AND CIRCULAR PRODUCT DESIGN, DRIVEN BY REGULATORY MANDATES AND CONSUMER DEMAND FOR TRANSPARENCY TO ACCELERATE MARKET GROWTH
  • 8.3 PRODUCTION
    INCREASING NEED FOR REAL-TIME TRACKING OF MATERIALS AND PROCESSES IN PRODUCTION STAGE TO ENSURE ETHICAL SOURCING TO DRIVE MARKET
  • 8.4 DISTRIBUTION
    DPP TO ENABLE GLOBAL SUPPLY CHAINS TRACEABILITY AND COUNTERFEIT PREVENTION IN DISTRIBUTION STAGE
  • 8.5 END OF LIFE
    GROWING EMPHASIS ON WASTE REDUCTION, EFFICIENT RECYCLING, AND RESOURCE RECOVERY DURING END-OF-LIFE STAGE TO PROPEL MARKET
DIGITAL PRODUCT PASSPORT MARKET, BY END USER
105
  • 9.1 INTRODUCTION
    END USERS: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
  • 9.2 END USER, BY SIZE
    LARGE ENTERPRISES
    - DPPs to be critical tool for large enterprises to meet environmental regulations and drive sustainability goals
    SMALL AND MEDIUM ENTERPRISES
    - Leveraging digital product passports to boost SME compliance and market competitiveness to drive its demand in SMEs
  • 9.3 END USER, BY TYPE
    ELECTRONICS & SEMICONDUCTORS
    - Organizations to develop blockchain-based DPP solutions and ensure data security and interoperability in electronics & semiconductors sector
    AUTOMOTIVE
    - Automotive industry-leading circularity through digital product passports and digital transformation to foster market growth
    BATTERIES
    - DPPs to enhance battery lifecycle management and sustainability
    HEALTHCARE & LIFE SCIENCES
    - DPPs to ensure that medical devices are safe, effective, and compliant with regulations by enabling detailed tracking throughout the product lifecycle
    CHEMICALS & MATERIALS
    - Leveraging digital product passports to enhance traceability and compliance in chemicals industry to fuel demand for DPPs
    FASHION & TEXTILES
    - Increasing concerns around sustainability and transparency to boost demand for DPPs
    CONSTRUCTION
    - Driving sustainability and compliance in construction with digital product passports to drive market
  • 9.4 OTHER END USERS
DIGITAL PRODUCT PASSPORT MARKET, BY REGION
116
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    NORTH AMERICA: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
    NORTH AMERICA: MACROECONOMIC OUTLOOK
    US
    - Digital product passports to leverage technologies to provide detailed product information across its lifecycle, enhance product traceability, and enable real-time data sharing
    CANADA
    - Need to embrace sustainability practices and adhere to global regulatory trends to drive market
  • 10.3 EUROPE
    EUROPE: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
    EUROPE: MACROECONOMIC OUTLOOK
    UK
    - Need to enhance supply chain transparency and enable better recycling and reuse practices to accelerate market growth
    GERMANY
    - Need to enhance supply chain efficiency, meet sustainability targets, and respond to consumer demands to accelerate market growth
    FRANCE
    - DPPs to enhance transparency in product sustainability, lifecycle management, and compliance, fostering a circular economy
    REST OF EUROPE
  • 10.4 ASIA PACIFIC
    ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
    ASIA PACIFIC: MACROECONOMIC OUTLOOK
    CHINA
    - Presence of major eCommerce players and need to modernize trade and enhance sustainability to propel market
    JAPAN
    - Japan to pioneer digital product passports to revolutionize recycling and sustainability
    SOUTH KOREA
    - Need for sustainability and regulatory compliance drives the adoption of DPP technologies
    REST OF ASIA PACIFIC
  • 10.5 REST OF WORLD
    REST OF WORLD: DIGITAL PRODUCT PASSPORT MARKET DRIVERS
    REST OF WORLD: MACROECONOMIC OUTLOOK
    LATIN AMERICA
    - Partnerships between local tech companies and sustainability leaders to implement DPPs
    MIDDLE EAST & AFRICA
    - Increasing adoption of circular economy models into smart manufacturing and sustainability initiatives to foster market growth
COMPETITIVE LANDSCAPE
142
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYERS STRATEGIES/RIGHT TO WIN
  • 11.3 MARKET SHARE ANALYSIS
    MARKET SHARE OF KEY PLAYERS OFFERING DIGITAL PRODUCT PASSPORT
    - Market ranking analysis
  • 11.4 PRODUCT COMPARATIVE ANALYSIS
    PRODUCT COMPARATIVE ANALYSIS
    - 3E Digital Product Passports (3E)
    - Optchain Digital Product Passport (Optel Group)
    - Eviden Digital Passport Solution (Eviden)
    - Circulor Digital Product Passport Platform (Circulor)
    - Eon Digital Product Passport (Eon)
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Regional footprint
    - Offering footprint
    - Focus Area footprint
    - End-user footprint
  • 11.7 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023
    - Detailed list of key start-ups/SMEs
    - Competitive benchmarking of key start-ups/SMEs
  • 11.8 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES AND ENHANCEMENTS
    DEALS
COMPANY PROFILES
160
  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYERS
    SIEMENS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    3E
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DNV
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    OPTEL GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AVL
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    EVIDEN
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    CIRCULOR
    PSQR
    BILLON GROUP
    NARRAVERO
    EON
    PROTOKOL
  • 12.3 OTHER PROMINENT PLAYERS
    CIRCULARISE
    THE ID FACTORY
    SPHERITY
    RENOON
    KEZZLER
    ASM GLOBAL
    QLIKTAG
    IPOINT-SYSTEMS
    CARBOLEDGER
    SCANTRUST
    PATHWAY DIGITAL PRODUCTS
    MINESPIDER
    PICONEXT
    ARIANEE
  • 12.4 PROOF OF CONCEPT/RESEARCH STAGE
    LYONDELLBASELL
    - Business overview
    - Products/Solutions/Services offered
    CIRPASS
ADJACENT AND RELATED MARKETS
190
  • 13.1 INTRODUCTION
  • 13.2 DIGITAL CIRCULAR ECONOMY MARKET – GLOBAL FORECAST TO 2028
    MARKET DEFINITION
    MARKET OVERVIEW
    - Digital circular economy market, by application
    - Digital circular economy market, by technology
    - Digital circular economy market, by vertical
    - Digital Circular Economy Market, By Region
  • 13.3 ESG REPORTING SOFTWARE MARKET – GLOBAL FORECAST TO 2029
    MARKET DEFINITION
    MARKET OVERVIEW
    - ESG reporting software market, by deployment type
    - ESG reporting software market, by organization size
    - ESG reporting software market, by vertical
    - ESG reporting software market, by region
APPENDIX
202
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2023
  • TABLE 2 PRIMARY INTERVIEWS
  • TABLE 3 FACTOR ANALYSIS
  • TABLE 4 GLOBAL DIGITAL PRODUCT PASSPORT MARKET SIZE AND GROWTH RATE, 2023–2030 (USD MILLION, Y-O-Y)
  • TABLE 5 PRICING DATA OF DIGITAL PRODUCT PASSPORT, BY OFFERING
  • TABLE 6 PRICING DATA OF DIGITAL PRODUCT PASSPORT, BY FOCUS AREA
  • TABLE 7 DIGITAL PRODUCT PASSPORT MARKET: ECOSYSTEM
  • TABLE 8 PATENTS FILED, 2015–2024
  • TABLE 9 LIST OF FEW PATENTS IN DIGITAL PRODUCT PASSPORT MARKET, 2023–2024
  • TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 PORTERS’ FIVE FORCES’ IMPACT ON DIGITAL PRODUCT PASSPORT MARKET
  • TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
  • TABLE 17 KEY BUYING CRITERIA FOR TOP THREE END USERS
  • TABLE 18 DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 19 SOFTWARE: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 20 SERVICES: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 21 DIGITAL PRODUCT PASSPORT MARKET, BY FOCUS AREA, 2023–2030 (USD MILLION)
  • TABLE 22 SUPPLY CHAIN MANAGEMENT: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 23 ENVIRONMENTAL IMPACT ASSESSMENT: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 24 CIRCULAR ECONOMY: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 25 REGULATORY COMPLIANCE & REPORTING: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 26 CUSTOMER ENGAGEMENT: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 27 OTHER FOCUS AREAS: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 28 DIGITAL PRODUCT PASSPORT MARKET, BY LIFECYCLE STAGE, 2023–2030 (USD MILLION)
  • TABLE 29 PRODUCT DESIGN: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 30 PRODUCTION: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 31 DISTRIBUTION: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 32 END OF LIFE: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 33 DIGITAL PRODUCT PASSPORT MARKET, BY END-USER SIZE, 2023–2030 (USD MILLION)
  • TABLE 34 LARGE ENTERPRISES: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 35 SMALL AND MEDIUM ENTERPRISES: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 36 DIGITAL PRODUCT PASSPORT MARKET, BY END-USER TYPE, 2023–2030 (USD MILLION)
  • TABLE 37 ELECTRONICS & SEMICONDUCTORS: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 38 AUTOMOTIVE: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 39 BATTERIES: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 40 HEALTHCARE & LIFE SCIENCES: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 41 CHEMICALS & MATERIALS: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 42 FASHION & TEXTILES: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 43 CONSTRUCTION: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 44 OTHER END USERS: DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 45 DIGITAL PRODUCT PASSPORT MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 46 NORTH AMERICA: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 47 NORTH AMERICA: DIGITAL PRODUCT PASSPORT MARKET, BY FOCUS AREA, 2023–2030 (USD MILLION)
  • TABLE 48 NORTH AMERICA: DIGITAL PRODUCT PASSPORT MARKET, BY LIFECYCLE STAGE, 2023–2030 (USD MILLION)
  • TABLE 49 NORTH AMERICA: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER SIZE, 2023–2030 (USD MILLION)
  • TABLE 50 NORTH AMERICA: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER TYPE, 2023–2030 (USD MILLION)
  • TABLE 51 NORTH AMERICA: DIGITAL PRODUCT PASSPORT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 52 US: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 53 CANADA: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 54 EUROPE: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 55 EUROPE: DIGITAL PRODUCT PASSPORT MARKET, BY FOCUS AREA, 2023–2030 (USD MILLION)
  • TABLE 56 EUROPE: DIGITAL PRODUCT PASSPORT MARKET, BY LIFECYCLE STAGE, 2023–2030 (USD MILLION)
  • TABLE 57 EUROPE: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER SIZE, 2023–2030 (USD MILLION)
  • TABLE 58 EUROPE: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER TYPE, 2023–2030 (USD MILLION)
  • TABLE 59 EUROPE: DIGITAL PRODUCT PASSPORT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 60 UK: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 61 GERMANY: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 62 FRANCE: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 63 REST OF EUROPE: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 64 ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 65 ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET, BY FOCUS AREA, 2023–2030 (USD MILLION)
  • TABLE 66 ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET, BY LIFECYCLE STAGE, 2023–2030 (USD MILLION)
  • TABLE 67 ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER SIZE, 2023–2030 (USD MILLION)
  • TABLE 68 ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER TYPE, 2023–2030 (USD MILLION)
  • TABLE 69 ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 70 CHINA: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 71 JAPAN: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 72 SOUTH KOREA: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 73 REST OF ASIA PACIFIC: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 74 REST OF WORLD: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 75 REST OF WORLD: DIGITAL PRODUCT PASSPORT MARKET, BY FOCUS AREA, 2023–2030 (USD MILLION)
  • TABLE 76 REST OF WORLD: DIGITAL PRODUCT PASSPORT MARKET, BY LIFECYCLE STAGE, 2023–2030 (USD MILLION)
  • TABLE 77 REST OF WORLD: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER SIZE, 2023–2030 (USD MILLION)
  • TABLE 78 REST OF WORLD: DIGITAL PRODUCT PASSPORT MARKET, BY END-USER TYPE, 2023–2030 (USD MILLION)
  • TABLE 79 REST OF WORLD: DIGITAL PRODUCT PASSPORT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 80 LATIN AMERICA: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 81 MIDDLE EAST & AFRICA: DIGITAL PRODUCT PASSPORT MARKET, BY OFFERING, 2023–2030 (USD MILLION)
  • TABLE 82 OVERVIEW OF STRATEGIES ADOPTED BY KEY DIGITAL PRODUCT PASSPORT VENDORS
  • TABLE 83 DIGITAL PRODUCT PASSPORT MARKET: DEGREE OF COMPETITION
  • TABLE 84 REGIONAL FOOTPRINT (13 COMPANIES)
  • TABLE 85 OFFERING FOOTPRINT (13 COMPANIES)
  • TABLE 86 FOCUS AREA FOOTPRINT (13 COMPANIES)
  • TABLE 87 END-USER FOOTPRINT (13 COMPANIES)
  • TABLE 88 DIGITAL PRODUCT PASSPORT MARKET: KEY START-UPS/SMES
  • TABLE 89 DIGITAL PRODUCT PASSPORT MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
  • TABLE 90 DIGITAL PRODUCT PASSPORT MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, DECEMBER 2022–NOVEMBER 2024
  • TABLE 91 DIGITAL PRODUCT PASSPORT MARKET: DEALS, DECEMBER 2022–NOVEMBER 2024
  • TABLE 92 SIEMENS: COMPANY OVERVIEW
  • TABLE 93 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 94 SIEMENS: PRODUCT LAUNCHES
  • TABLE 95 SIEMENS: DEALS
  • TABLE 96 3E: COMPANY OVERVIEW
  • TABLE 97 3E: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 98 3E: PRODUCT LAUNCHES & ENHANCEMENTS
  • TABLE 99 3E: DEALS
  • TABLE 100 DNV: COMPANY OVERVIEW
  • TABLE 101 DNV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 102 OPTEL GROUP: COMPANY OVERVIEW
  • TABLE 103 OPTEL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 104 OPTEL GROUP: PRODUCT LAUNCHES & ENHANCEMENTS
  • TABLE 105 OPTEL GROUP: DEALS
  • TABLE 106 AVL: COMPANY OVERVIEW
  • TABLE 107 AVL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 108 AVL: PRODUCT LAUNCHES
  • TABLE 109 EVIDEN: COMPANY OVERVIEW
  • TABLE 110 EVIDEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 111 EVIDEN: PRODUCT LAUNCHES
  • TABLE 112 EVIDEN: DEALS
  • TABLE 113 LYONDELLBASELL: COMPANY OVERVIEW
  • TABLE 114 LYONDELLBASELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 115 DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
  • TABLE 116 DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 117 DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
  • TABLE 118 DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 119 DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
  • TABLE 120 DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 121 DIGITAL CIRCULAR ECONOMY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 122 DIGITAL CIRCULAR ECONOMY MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 123 ESG REPORTING SOFTWARE MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 124 ESG REPORTING SOFTWARE MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 125 ESG REPORTING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 126 ESG REPORTING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 127 ESG REPORTING SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 128 ESG REPORTING SOFTWARE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 129 ESG REPORTING SOFTWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 130 ESG REPORTING SOFTWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 131 ESG REPORTING SOFTWARE MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 132 ESG REPORTING SOFTWARE MARKET, BY REGION, 2024–2029 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 DIGITAL PRODUCT PASSPORT MARKET: RESEARCH DESIGN
  • FIGURE 2 DATA TRIANGULATION
  • FIGURE 3 DIGITAL PRODUCT PASSPORT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1, BOTTOM-UP (SUPPLY-SIDE): REVENUE FROM OFFERINGS IN DIGITAL PRODUCT PASSPORT MARKET
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY- APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL OFFERINGS IN DIGITAL PRODUCT PASSPORT MARKET
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY-APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM OFFERINGS IN DIGITAL PRODUCT PASSPORT MARKET
  • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY-APPROACH 4, BOTTOM-UP (DEMAND-SIDE): SHARE OF DIGITAL PRODUCT PASSPORT THROUGH OVERALL SUSTAINABILITY SPENDING
  • FIGURE 8 DIGITAL PRODUCT PASSPORT SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE IN 2024
  • FIGURE 9 SUPPLY CHAIN MANAGEMENT TO ACCOUNT FOR LARGEST MARKET BY FOCUS AREA IN 2024
  • FIGURE 10 PRODUCTION TO HOLD LARGEST MARKET SIZE BY LIFECYCLE STAGE IN 2024
  • FIGURE 11 LARGE ENTERPRISES SEGMENT TO REGISTER LARGER MARKET SHARE IN 2024
  • FIGURE 12 BATTERIES SEGMENT TO REGISTER FASTEST GROWTH RATE DURING FORECAST PERIOD
  • FIGURE 13 EUROPE TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD
  • FIGURE 14 STRICTER GLOBAL REGULATIONS FOR CIRCULAR ECONOMY AND RISING CONSUMER DEMAND FOR TRANSPARENCY ARE PROPELLING THE DPP MARKET
  • FIGURE 15 CIRCULAR ECONOMY SEGMENT TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD
  • FIGURE 16 DPP SOFTWARE AND PRODUCTION STAGE TO HOLD LARGEST MARKET SHARE IN EUROPE IN 2024
  • FIGURE 17 EUROPE TO HOLD LARGEST MARKET SHARE IN 2024
  • FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: DIGITAL PRODUCT PASSPORT MARKET
  • FIGURE 19 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 20 DIGITAL PRODUCT PASSPORT MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 21 KEY PLAYERS IN DIGITAL PRODUCT PASSPORT MARKET ECOSYSTEM
  • FIGURE 22 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2015–2024
  • FIGURE 23 REGIONAL ANALYSIS OF PATENTS GRANTED, 2015–2024
  • FIGURE 24 DIGITAL PRODUCT PASSPORT MARKET: INVESTMENT LANDSCAPE AND FUNDING SCENARIO
  • FIGURE 25 CIRCULAR ECONOMY START-UP FUNDING, BY CATEGORY
  • FIGURE 26 MARKET POTENTIAL OF GENERATIVE AI IN VARIOUS DIGITAL PRODUCT PASSPORT USE CASES
  • FIGURE 27 DIGITAL PRODUCT PASSPORT MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
  • FIGURE 29 KEY BUYING CRITERIA FOR TOP THREE END USERS
  • FIGURE 30 EVOLUTION OF DIGITAL PRODUCT PASSPORT
  • FIGURE 31 SOFTWARE SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 32 CIRCULAR ECONOMY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 33 DISTRIBUTION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 34 SMALL AND MEDIUM ENTERPRISES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 35 BATTERIES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 36 FRANCE TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 37 EUROPE TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 38 EUROPE: MARKET SNAPSHOT
  • FIGURE 39 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 40 SHARE OF LEADING COMPANIES IN DIGITAL PRODUCT PASSPORT MARKET, 2023
  • FIGURE 41 PRODUCT COMPARATIVE ANALYSIS
  • FIGURE 42 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS
  • FIGURE 43 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
  • FIGURE 44 DIGITAL PRODUCT PASSPORT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 45 COMPANY FOOTPRINT (13 COMPANIES)
  • FIGURE 46 DIGITAL PRODUCT PASSPORT MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
  • FIGURE 47 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 48 LYONDELLBASELL: COMPANY SNAPSHOT

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.

Digital Product Passport (DPP) Market Size, and Share

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

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)

Previous Versions of this Report

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Growth opportunities and latent adjacency in Digital Product Passport (DPP) Market

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