Global Product Stewardship Market, By Type (Solutions, Services), By Organization Size (Small & Medi

Published Date: | Report Code : IT1958407

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Product Stewardship, also known as EPR (Extended Product Responsibility), is used to reduce the environmental impact of the various products. It recognizes processes undertaken by product manufacturers, who must take on new responsibilities to lessen the footprint of their products on the environment

Segment Analysis

The product stewardship market is segmented based on the type, and the organization size.

Based on the type, the product stewardship market is bifurcated into solutions and services. The services segment is further bifurcated into Business Consulting & Advisory Services, Deployment & Implementation Services, Audit, Assessment, & Regulatory Compliance Services, and Training & Support Services. The Services segment is expected to grow, as there are a growing number of clients requiring processing for the various phases that are involved in product stewardship. The services drive the productivity and efficiency of the processes and enable businesses to be time-efficient.

Based on the organization size, the product stewardship market is segmented as Small and Medium Enterprises and Large Enterprises. The product stewardship market has been growing for the large enterprise market. This is since large enterprises can afford the product stewardship solutions with greater ease. The North America region has been leading the product stewardship market. There have been stringent government laws and regulations that are laid down for environmental sustainability that are driving the product stewardship market. Also, as there are many key players in the region, the market is expected to grow further.

Key Factors Impacting Market Growth:
    • Rising awareness in organizations to ensure the health and safety of their employees 
    • Government guidelines regarding environment protection 

Key Development:
      • In December 2018, ERM Group (UK) launched a new technology platform that is designed to streamline and it enhances the 
      way the projects are delivered across globally to provide fast, improved, and safe outcomes for its consumers, called 
      the ERM Nexus.
    • In November 2018, Sphera Solutions (US) entered into an agreement with Yokogawa Electric Corporation (Japan) where 
      Yokogawa will offer risk assessment and consulting services for Sphera of plant facilities.

Regional Analysis:

By region, the product stewardship market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. 

Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for product stewardship market.Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the product stewardship market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: 3E Company Environmental Ecological and Engineering, Anthesis Consulting Group, Arcadis, CGI Group Inc., Cority, Covestro AG, Enablon France SA, Enhesa, Enviance

Market Segmentation:
By Type:
    • Solutions
    • Services
        ◦ Business Consulting & Advisory Services
        ◦ Deployment & Implementation Services
        ◦ Audit, Assessment, & Regulatory Compliance Services
        ◦ Training & Support Services
By Organization Size:
    • Small and Medium Enterprises
    • Large Enterprises

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Organization Size
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe) 
        ◦ By Type
        ◦ By Organization Size 
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe) 
        ◦ By Type
        ◦ By Organization Size
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific) 
        ◦ By Type
        ◦ By Organization Size
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East) 
        ◦ By Type
        ◦ By Organization Size
    • Rest of the World
        ◦ By Region (South America, Africa) 
        ◦ By Type
        ◦ By Organization Size

Reasons To Buy This Report:
    • Market size estimation of the global Product Stewardship Market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
For more information, contact: [email protected]

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