Product Stewardship Market by Type (Solutions, Services (Business Consulting and Advisory Services, Audit, Assessment, and Regulatory Compliance Services, Deployment and Implementation Services)), Organization Size, Region - Global Forecast to 2023
[118 Pages Report] The product stewardship market is projected to grow from USD 777 million in 2018 to USD 1,143 million by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% from 2018 to 2023. The major factors driving the growth of the market are growing awareness among organizations to ensure health and safety of their employees and environment protection, increasing requirement of enterprises to publicize their environmental, health, and safety initiatives, and complying with various environmental regulations and government guidelines.
Based on Type, services segment of the product stewardship market is projected to grow at the highest CAGR during the forecast period.
Based on type, the services segment of the market is projected to grow at the highest CAGR from 2018 to 2023, owing to the increasing requirements of clients for processing the pre, post, and integration phases involved in the implementation of product stewardship solutions. These services help in driving the productivity and efficiency of business processes, thereby enabling businesses to build a time-efficient system.
Based on organization size, the large enterprises segment is expected to lead the product stewardship market in 2018.
Based on organization size, the large enterprises segment is projected to lead the market from 2018 to 2023. The growth of this segment can be attributed to the affordability of large enterprises to adopt product stewardship solutions and services and their high economies of scale, thereby allowing them to leverage the benefits of these solutions and services. Companies spend significant amounts in shifting their tactical marketing techniques to sustain their position in the highly competitive market. The market is undergoing significant technological transitions in the form of personalized marketing, Big Data, social media, real-time solutions, and increased use of mobile devices.
The North American region is expected to lead the product stewardship market in 2018.
The North American region is expected to lead the market in 2018. Stringent government laws and regulations related to the use of Environment, Health, and Safety (EHS) solutions for environmental sustainability are driving the adoption of product stewardship solutions and services in the North American region. Moreover, the presence of some of the key players of the market in the region is also expected to drive the growth of the market in the North American region. Key players such as Enablon (US), Enviance (US), Gensuite (US), ProcessMAP (US), SiteHawk (US), Sphera Solutions (US), VelocityEHS (US), and Verisk 3E (US), along with several start-ups are offering enhanced product stewardship solutions and services to cater the requirements of their customers.
Key Product Stewardship Market Players
The major factor expected to hinder the growth of the product stewardship is the inability of enterprises to keep track of regulatory changes related to product stewardship solutions and services.
Key market players profiled in this report include Verisk 3E Company (US), Enviance (US), CGI (Canada), Enablon (US), Gensuite (US), SAP (Germany), thinkstep (UK), UL Wercs (US), Sphera (US), ERM Group (UK), Enhesa (US), ProcessMAP (US), SiteHawk (US), Velocity EHS (US), Intelex (Canada), Cority (Canada), Anthesis (UK), Covestro (Germany), Pace Analytical (US), Wood Group (UK), Phylmar Group (US), Yordas Group (UK), Scout Environmental (US), Arcadis (Netherlands), and Young and Global Partners (Belgium). These players have adopted various growth strategies such as partnerships, agreements, and collaborations; and new product launches & product enhancements to further expand their presence in the product stewardship market and broaden their customer base.
Scope of Report
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Report Metrics |
Details |
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Market size available for years |
2016–2023 |
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Base year considered |
2017 |
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Forecast period |
2018–2023 |
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Forecast units |
Value (USD Million) |
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Segments covered |
Type (Solutions and Services), Organization Size, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa |
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Companies covered |
3E Company Environmental Ecological and Engineering (Verisk 3E Company) (US), Anthesis Consulting Group (Anthesis) (UK), Arcadis (Netherlands), CGI Group Inc. (CGI) (Canada), Cority (Canada), Covestro AG (Covestro) (Germany), Enablon France SA (Enablon) (US), Enhesa (US), Enviance (US), ERM Group, Inc. (ERM Group) (UK), Gensuite (US), Intelex Technologies (Intelex) (Canada), John Wood Group PLC (Wood Group) (UK), Pace Analytical Services, LLC (Pace Analytical) (US), Phylmar Group (US), ProcessMAP (US), SAP SE (SAP) (Germany), Scout Environmental Inc. (Scout Environmental) (US), SiteHawk LLC. (SiteHawk) (US), Sphera Solutions, Inc. (Sphera) (US), thinkstep AG (thinkstep) (UK), UL (UL Wercs) (US), VelocityEHS (Velocity EHS) (US), Yordas Limited (Yordas Group) (UK), and Young & Global Partners (Young and Global Partners) (Belgium). |
This research report categorizes the product stewardship market to forecast revenues and analyze trends in each of the following submarkets:
On the basis of Type, the market has been segmented as follows:
- Solutions
- Services
On the basis of Services type, the market has been segmented as follows:
- Business Consulting and Advisory Services
- Deployment and Implementation Services
- Audit, Assessment, and Regulatory Compliance Services
- Training and Support Services
On the basis of Organization size, the market has been segmented as follows:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
On the basis of Region, the product stewardship market has been segmented as follows:
- North America
- US
- Canada
- Europe
- UK
- Germany
- Rest of Europe
- Asia Pacific
- Japan
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Kingdom of Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of Middle East and Africa
Available customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Regional Analysis
- Further breakdown of the US product stewardship market, by type
- Further breakdown of the UK market, by type
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Key questions addressed by the report
- What are the growth opportunities in the product stewardship market?
- What is the competitive landscape scenario in the market?
- What are the regulations that are expected to have an impact on the market?
- How have product stewardship solutions evolved from the tradition risk and compliance solutions?
- What are the dynamics of the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Breakdown of Primaries
2.1.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Factor Analysis
2.4 Product Stewardship Market: Research Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Attractive Market Opportunities in the Market
4.2 Market, By Type
4.3 Market, By Service Type
4.4 Market, By Organization Size
4.5 Market Investment Scenario
5 Market Overview and Industry Trends (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Awareness Among Organizations to Ensure Health and Safety of Their Employees and Environment Protection
5.2.1.2 Increasing Requirement of Enterprises to Publicize Their Environmental, Health, and Safety Initiatives
5.2.1.3 Complying With Various Environmental Regulations and Government Guidelines
5.2.2 Restraints
5.2.2.1 Inability of Enterprises to Keep Track of Regulatory Changes Related to Product Stewardship Solutions and Services
5.2.3 Opportunities
5.2.3.1 Use of Product Stewardship Solutions and Services By Enterprises in Building Their Brand Images
5.2.4 Challenges
5.2.4.1 Limited Health and Safety Budgets of Enterprises and High Costs of Product Stewardship Solutions and Services
5.2.4.2 Complexities Involved in Managing Large Volumes of Product Data
5.3 Industry Trends
5.3.1 Case Studies
5.3.1.1 Case Study 1: Johnson Matthey Uses Solutions of Intelex to Streamline the Workflow
5.3.1.2 Case Study 2: Ferro Uses Intelex Safety Management System for Its Pro-Active Health and Safety Management
5.3.1.3 Case Study 3: Alcoa Extends the Global Sustainability Leadership With EHS Solution Offered By Sphera
5.3.1.4 Case Study 4: BASF Streamlines Plant Safety Processes Across Global Operations With Standardized Risk Assessments
6 Product Stewardship Market, By Type (Page No. - 40)
6.1 Introduction
6.2 Solutions
6.2.1 Increased Need to Manage Hazardous Material to Identify, Manage, and Minimize the Negative Environmental, Health and Safety Impacts
6.3 Services
6.3.1 Business Consulting and Advisory Services
6.3.1.1 Increased Importance of Planning, Supporting, and Identifying Different Revenue Streams Displays the Growing Need of the Business Consulting and Advisory Services
6.3.2 Deployment and Implementation Services
6.3.2.1 Increased Need for the Smooth Transition of the Organization’s Historical Product Stewardship Data and Speed Integration to Other Management Systems
6.3.3 Audit, Assessment, and Regulatory Compliance Services
6.3.3.1 Auditing Programs Provide Information About the Effectiveness of Management Systems, Opportunities for Cost Reduction, and Continuous Improvements
6.3.4 Training and Support Services
6.3.4.1 Training and Support Services Train Employees in Undertaking the Responsibilities and Functions of Product Stewardship During Their Work Assignments in Projects, Operations, Repairs, and Maintenance
7 Market, By Organization Size (Page No. - 48)
7.1 Introduction
7.2 SMEs
7.2.1 SMEs are Increasing Adoption of Product Stewardship Solutions to Achieve Competitive Advantage in Terms of Sustanability
7.3 Large Enterprises
7.3.1 Large Enterprises are Increasing Adopting Product Stewardship Solutions to Adhere to the Strict Regulations and Reduce Compliance Costs
8 Market Analysis, By Region (Page No. - 52)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Increase in US Government Initiatives to Safeguard Environment is One of the Driving Factors for the US Market
8.2.2 Canada
8.2.2.1 The Canadian Government’s EPR Initiative is Driving the Growth of the Market in Canada
8.3 Europe
8.3.1 Germany
8.3.1.1 Presence of A Large Chemical Sector is Helping the Growth of the Market in Germany
8.3.2 UK
8.3.2.1 Increasing Reach Registrations in the Country are Driving the Adoption of the UK Market
8.3.3 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Japan is Leading Asia Pacific Market Due to the Presence of A Large Number of Chemical Companies
8.4.2 Australia
8.4.2.1 Various Product Stewardship Initiatives Taken By the Government of Australia are Supporting the Growth of the Market in the Country
8.4.3 Rest of Asia Pacific
8.5 Middle East & Africa (MEA)
8.5.1 KSA
8.5.1.1 Strict Government Chemical Substance Regulations are Supporting the Growth of Product Stewardship Market in the KSA
8.5.2 UAE
8.5.2.1 The UAE is Expected to Grow at the Highest CAGR in MEA Market During the Forecast Period
8.5.3 Rest of MEA
8.6 Latin America
8.6.1 Mexico
8.6.1.1 Rising Awareness About Product Stewardship Solutions is Expected to Drive the Growth of the Market in Mexico
8.6.2 Brazil
8.6.2.1 Government Initiatives for Chemical Substance Regulations is Expected to Provide Growth Opportunities for the Product Stewardship Market in Brazil
8.6.3 Rest of Latin America
9 Competitive Landscape (Page No. - 70)
9.1 Overview
9.2 Competitive Situation and Trends
9.2.1 New Product Launches & Product Enhancements
9.2.2 Agreements, Collaborations, and Partnerships
9.2.3 Acquisitions
9.2.4 Expansions
9.3 Market Ranking of Key Players
10 Company Profiles (Page No. - 77)
(Business Overview, Solutions, Software and Services Offered, Recent Developments, and MnM View)*
10.1 Arcadis
10.2 CGI
10.3 Cority
10.4 Enablon
10.5 Enviance
10.6 ERM Group
10.7 Gensuite
10.8 John Wood Group
10.9 Intelex
10.10 Processmap
10.11 SAP
10.12 Sitehawk
10.13 Sphera Solutions
10.14 Thinkstep
10.15 UL Wercs
10.16 Velocity EHS
10.17 Verisk 3E
* Business Overview, Solutions, Software and Services Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.
10.18 Key Innovators
10.18.1 Covestro
10.18.2 Phylmar Group
10.18.3 Scout Environmental
10.18.4 Young & Global Partners
10.18.5 Enhesa
10.18.6 Anthesis Group
10.18.7 Pace Analytical
10.18.8 Yordas
11 Appendix (Page No. - 111)
11.1 Industry Excerpts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
List of Tables (36 Tables)
Table 1 Product Stewardship Market Size, By Type, 2016–2023 (USD Million)
Table 2 Solutions: Market Size, By Region, 2016–2023 (USD Million)
Table 3 Services: Market Size, By Service Type, 2016–2023 (USD Million)
Table 4 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Business Consulting and Advisory Services: Market Size, By Region, 2016–2023 (USD Million)
Table 6 Deployment and Implementation Services: Market Size, By Region, 2016–2023 (USD Million)
Table 7 Audit, Assessment, and Regulatory Compliance Services: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Training and Support Services: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Market Size, By Organization Size, 2016-2023 (USD Million)
Table 10 SMEs: Market Size, By Region, 2016-2023 (USD Million)
Table 11 Large Enterprises: Market Size, By Region, 2018-2023 (USD Million)
Table 12 Market Size, By Region, 2016-2023 (USD Million)
Table 13 North America: Product Stewardship Market Size, By Country, 2016-2023 (USD Million)
Table 14 North America: Market Size, By Type, 2016-2023 (USD Million)
Table 15 North America: Market Size, By Service Type, 2016-2023 (USD Million)
Table 16 North America: Market Size, By Organization Size, 2016-2023 (USD Million)
Table 17 Europe: Market Size, By Country, 2016-2023 (USD Million)
Table 18 Europe: Market Size, By Type, 2016-2023 (USD Million)
Table 19 Europe: Market Size, By Service Type, 2016-2023 (USD Million)
Table 20 Europe: Product Stewardship Market Size, By Organization Size, 2016-2023 (USD Million)
Table 21 Asia Pacific: Market Size, By Country, 2016-2023 (USD Million)
Table 22 Asia Pacific: Market Size, By Type, 2016-2023 (USD Million)
Table 23 Asia Pacific: Market Size, By Service Type, 2016-2023 (USD Million)
Table 24 Asia Pacific: Market Size, By Organization Size, 2016-2023 (USD Million)
Table 25 MEA: Market Size, By Country, 2016-2023 (USD Million)
Table 26 MEA: Market Size, By Type, 2016-2023 (USD Million)
Table 27 MEA: Market Size, By Service Type, 2016-2023 (USD Million)
Table 28 MEA: Product Stewardship Market Size, By Organization Size, 2016-2023 (USD Million)
Table 29 Latin America: Market Size, By Country, 2016-2023 (USD Million)
Table 30 Latin America: Market Size, By Type, 2016-2023 (USD Million)
Table 31 Latin America: Market Size, By Service Type, 2016-2023 (USD Million)
Table 32 Latin America: Product Stewardship Market Size, By Organization Size, 2016-2023 (USD Million)
Table 33 New Product Launches & Product Enhancements, 2017–2018
Table 34 Agreements, Collaborations, and Partnerships, 2018
Table 35 Acquisitions, 2017–2018
Table 36 Expansions, February 2015–December 2018
List of Figures (33 Figures)
Figure 1 Global Product Stewardship Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Global Market: Research Design
Figure 4 Research Methodology
Figure 5 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 6 Data Triangulation
Figure 7 Market Size Estimation Methodology: Bottom-Up and Top-Down Approaches
Figure 8 Factors: Impact Analysis
Figure 9 Product Stewardship Market, 2016—2023
Figure 10 Market, Fastest-Growing Segments
Figure 11 Market, By Key Country, 2018
Figure 12 Stringent Government Regulations (Reach & Rohs) Related to Chemical Substances in Europe is Driving the Market for Product Stewardship in Europe
Figure 13 Services Segment is Expected to Lead the Market During the Forecast Period
Figure 14 Audit, Assessment, and Regulatory Services Segment is Expected to Lead the Market During the Forecast Period
Figure 15 Large Enterprises Segment is Expected to Hold A Larger Share of Product Stewardship Market During the Forecast Period as Compared to SMEs Segment
Figure 16 Market Investment Scenario
Figure 17 Lifecycle of Products in the Market
Figure 18 Drivers, Restraints, Opportunities, and Challenges: Market
Figure 19 Services Segment Expected to Grow at Higher CAGR During the Forecast Period
Figure 20 The Audit, Assessment, and Regulatory Compliance Services Segment is Estimated to Have the Largest Market Size During the Forecast Period
Figure 21 SMEs Segment of Market Expected to Grow at Higher CAGR During Forecast Period
Figure 22 North America is Estimated to Lead the Market From 2018 to 2023
Figure 23 North America Market Snapshot: Services Segment is Leading the Market in 2018
Figure 24 Europe Market Snapshot: Large Enterprises Segment is Leading the Market in 2018
Figure 25 Companies Adopted New Product Launches & Product Enhancements as A Key Growth Strategy Between February 2015 and December 2018
Figure 26 Market Evaluation Framework
Figure 27 Market Ranking of Key Players in Product Stewardship Market, 2017
Figure 28 Arcadis: Company Snapshot
Figure 29 CGI: Company Snapshot
Figure 30 ERM Group: Company Snapshot
Figure 31 John Wood Group: Company Snapshot
Figure 32 SAP: Company Snapshot
Figure 33 Verisk 3E: Company Snapshot
The study on the product stewardship market involved 4 major activities to estimate its current market size. Exhaustive secondary research was carried out to collect information on themarket. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain of product stewardship solutions and services using primary research. Both, top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the size of various segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study on the product stewardship market. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The market comprises several stakeholders such as service providers, solution vendors, manufacturers, trade associations, government authorities, Environmental Working Group (EWG), raw material and component suppliers, Value-added Resellers (VARs) and distributors, and non-governmental organizations (environmental and public health). The demand-side of the product stewardship market consists of all the firms operating especially in the chemical industry. The supply-side includes providers of product stewardship solutions and services. Various primary sources from both, supply- and demand-side of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the profiles of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Top-down and bottom-up approaches were used to estimate and validate the size of the product stewardship market and various other dependent submarkets. While using the top-down approach, an exhaustive list of vendors offering product stewardship solutions and services was prepared. The shares for these vendors in the market were estimated through annual reports, press releases, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on solutions and services offered by it based on type, organization size, and region. The aggregate of revenues of all companies was extrapolated to reach the overall size of the market. Each subsegment was studied and analyzed to obtain its market size and estimate its regional penetration. The markets were triangulated through both, primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives.
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both, demand- and supply-side.
Report Objectives
- To determine and forecast the product stewardship market based on type, organization size, and region from 2018 to 2023, and analyze various macroeconomic and microeconomic factors that affect the growth of the market
- To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA)
- To provide detailed information about the major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To profile the key market players, provide their comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
- To track and analyze competitive developments, such as partnerships, agreements, and collaborations; and new product launches & product enhancements and Research & Development (R&D) activities in the market
Growth opportunities and latent adjacency in Product Stewardship Market