Global Product Stewardship Market By Type (Solutions, Services), Organization Size (SMEs, Large Enterprises), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Product Stewardship Market
Global Product Stewardship Market is driven by rising awareness within companies for better environment & health of the employees, which is projecting a rise in estimated value from USD 781.02 million in 2018 to an estimated value of USD 1457.44 million by 2026, registering a CAGR of 8.11% in the forecast period of 2019-2026.
Market Definition: Global Product Stewardship Market
Product stewardship can be referred as a technique used by management to reduce the environmental impact of the product by decentralization of the responsibility of environment among every person related to the product i.e. seller, designer, user, producer. This is a long term solution for the safety of the environment & waste management where the concerned person in the chain who has the ability to impact the environment has greater responsibility.
- Stringent government rules for the environmental protection for sustainable development across the globe.
- Increase in the initiatives & awareness within the organizations for safety of the environment
- Lack of awareness about such type of technique & market in many countries across the globe.
- Unable to track that every person who possesses the product is completing his responsibility towards environment.
Segmentation: Global Product Stewardship Market
- By Type
- Business Consulting and Advisory Services
- Deployment and Implementation Services
- Audit, Assessment, and Regulatory Compliance Services
- Training and Support Services
- By Organization Size
- Small and Medium-Sized Enterprise (SMEs)
- Large Enterprises
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In February 2018, for improvement of product stewardship & chemical management Verisk 3E & Gensuite announced a strategic alliance. This alliance will give access Verisk 3E’s, 3E Optimize platform to the joint customers.
- In May 2016, Paintback, a national paint product stewardship scheme has been launched by Victoria state government.
Competitive Analysis: Global Product Stewardship Market
Global product stewardship market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of product stewardship market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Product Stewardship Market
Few of the major competitors currently working in product stewardship market are Verisk Analytics, Inc., SAP SE, ENVIANCE, CGI Inc., Enablon, Gensuite, thinkstep, UL LLC, Sphera, ERM Group, Inc., Enhesa, ProcessMAP, VelocityEHS, Intelex Technologies, Anthesis Consulting Group PLC, Pace Analytical Services, LLC, John Wood Group PLC, Phylmar Group., Yordas Limited, Scout Environmental Inc. and Young & Global Partners.
Research Methodology: Global Product Stewardship Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved