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.
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.
The "Global Product stewardship Market Analysis to 2027" is a specialized and in-depth study of the product stewardship industry with a special focus on the global market trend analysis. The report aims to provide an overview of product stewardship market with detailed market segmentation by component, organization size and geography. The global product stewardship market is expected to witness high growth during the forecast period. 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.
The global product stewardship market is segmented on the basis of component and organization size. Based on the component, the market is bifurcated into solution and services. The services segment is further sub-segmented into business consulting and advisory services; audit, assessment and regulatory compliance services; deployment and implementation services; and training and support services. The organization size segment of product stewardship market is classified into large enterprises and SMEs.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global product stewardship market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). 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 product stewardship 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 SAM after evaluating political, economic, social and technological factors affecting the product stewardship market in these regions.
The reports cover 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 the way for the expansion of business and customer base of market players. The market payers from product stewardship market are anticipated to lucrative growth opportunities in the future with the rising demand for product stewardship in the global market. Below mentioned is the list of few companies engaged in the product stewardship market.
The report also includes the profiles of key product stewardship companies along with their SWOT analysis and market strategies. 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 Consulting Group PLC
- Arcadis NV
- CGI Inc.
- ERM Group, Inc.
- Intelex Technologies Inc.
- SAP SE
- Verisk 3E Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.