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Product Stewardship Market Forecast: Sustainability Drives USD 2.18 Billion Opportunity by 2030

Product Stewardship Market

Product Stewardship Market

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global Product Stewardship Market is experiencing significant growth, driven by an increasing emphasis on sustainable practices and environmental responsibility across various industries. The market is projected to grow at a CAGR of 9.1% during the forecast period from 2024 to 2030, with the total market size reaching USD 2.18 billion by 2030.

Product stewardship, as a concept, refers to the responsibility of all stakeholders in the product lifecycle, from design to disposal, to minimize environmental impacts. As governments, corporations, and consumers alike prioritize eco-friendly practices, product stewardship initiatives are becoming more integral to manufacturing, retail, and waste management industries.

The market is driven by the increasing need for companies to comply with strict regulatory guidelines and demonstrate social responsibility. This shift is particularly prevalent in industries like electronics, packaging, automotive, chemicals, and healthcare, where products have a significant environmental footprint.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/27235/

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ & ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ

The market's growth trajectory is heavily influenced by several trends, including a rise in recycling initiatives, extended producer responsibility (EPR) legislation, and technological innovations in waste management. Key players in the market are continuously developing solutions to reduce the environmental impact of products, focusing on product lifecycle assessments, design for environment (DFE), and circular economy strategies.

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

๐‘ผ.๐‘บ. ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’”

The U.S. remains a dominant player in the product stewardship market, largely due to its proactive regulatory environment and widespread corporate social responsibility initiatives. With more stringent environmental protection laws being enacted at federal and state levels, companies are increasingly adopting product stewardship programs to stay ahead of regulatory changes.

Notably, the U.S. Environmental Protection Agency (EPA) has increased its focus on enforcing Extended Producer Responsibility (EPR) laws, which are compelling businesses to adopt sustainable packaging practices and manage waste more responsibly. The growing demand for eco-friendly and recyclable materials across industries such as technology, packaging, and healthcare is spurring growth in the market.

๐‘ด๐’†๐’“๐’ˆ๐’†๐’“๐’” ๐’‚๐’๐’… ๐‘จ๐’„๐’’๐’–๐’Š๐’”๐’Š๐’•๐’Š๐’๐’๐’”:

๐–๐š๐ฌ๐ญ๐ž ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐ˆ๐ง๐œ., one of the leading players in waste disposal services, merged with ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ ๐ƒ๐ข๐ฌ๐ฉ๐จ๐ฌ๐š๐ฅ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ in a deal valued at USD 4.9 billion in 2020. This acquisition helped strengthen Waste Management's position in the sustainable waste management sector, expanding its offerings in product stewardship services.

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’‚๐’๐’… ๐‘น๐’†๐’ˆ๐’–๐’๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘ฌ๐’–๐’“๐’๐’‘๐’†

Europe is a key region for the global product stewardship market, fueled by rigorous environmental regulations like the ๐„๐” ๐–๐š๐ฌ๐ญ๐ž ๐…๐ซ๐š๐ฆ๐ž๐ฐ๐จ๐ซ๐ค ๐ƒ๐ข๐ซ๐ž๐œ๐ญ๐ข๐ฏ๐ž and the ๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐†๐ซ๐ž๐ž๐ง ๐ƒ๐ž๐š๐ฅ, which targets carbon neutrality by 2050. These regulations require businesses to adopt sustainable practices and reduce their carbon footprints, contributing to a steady demand for product stewardship solutions.

๐‘ด๐’†๐’“๐’ˆ๐’†๐’“๐’” ๐’‚๐’๐’… ๐‘จ๐’„๐’’๐’–๐’Š๐’”๐’Š๐’•๐’Š๐’๐’๐’”:

๐•๐ž๐จ๐ฅ๐ข๐š ๐„๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ acquired ๐’๐”๐„๐™ in 2022, in a strategic move to strengthen its position in the global waste management and recycling market. This consolidation is expected to result in enhanced product stewardship offerings across Europe, particularly in waste-to-energy and circular economy solutions.

๐‘ฒ๐’†๐’š ๐‘ผ๐’‘๐’…๐’‚๐’•๐’†๐’”:

The European Commission has launched an initiative to extend the scope of EPR programs, aiming to make businesses more accountable for product disposal and recycling. This policy shift opens up new opportunities for companies offering product stewardship solutions.

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

๐‘ท๐’“๐’๐’…๐’–๐’„๐’• ๐‘บ๐’•๐’†๐’˜๐’‚๐’“๐’…๐’”๐’‰๐’Š๐’‘ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘จ๐’…๐’—๐’‚๐’๐’„๐’†๐’Ž๐’†๐’๐’•๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’

Japan's product stewardship market is seeing strong growth due to its forward-thinking environmental policies and initiatives. The Japanese Ministry of the Environment continues to enforce strict rules on waste reduction and recycling, prompting manufacturers to implement responsible product lifecycle management strategies.

๐‘ฒ๐’†๐’š ๐‘ซ๐’†๐’—๐’†๐’๐’๐’‘๐’Ž๐’†๐’๐’•๐’”:

Japan has introduced a zero waste initiative that has compelled many companies in the electronics, automotive, and packaging sectors to adopt innovative recycling methods and reduce material waste. As a result, there is growing demand for product stewardship services, especially in high-tech and automotive industries.

๐‘ด๐’†๐’“๐’ˆ๐’†๐’“๐’” ๐’‚๐’๐’… ๐‘จ๐’„๐’’๐’–๐’Š๐’”๐’Š๐’•๐’Š๐’๐’๐’”:

In 2023, ๐“๐จ๐ฒ๐จ๐ญ๐š ๐“๐ฌ๐ฎ๐ฌ๐ก๐จ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง, a trading arm of ๐“๐จ๐ฒ๐จ๐ญ๐š, acquired ๐‚๐ฅ๐ž๐š ๐‰๐š๐ฉ๐š๐ง to bolster its recycling and waste management capabilities. This acquisition aims to enhance product stewardship in the automotive sector, aligning with Japan's push for a circular economy.

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

๐‘ท๐’“๐’๐’…๐’–๐’„๐’• ๐‘บ๐’•๐’†๐’˜๐’‚๐’“๐’…๐’”๐’‰๐’Š๐’‘ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚

South Korea has positioned itself as a global leader in waste management and recycling. With a national policy focused on Green Growth, the country has developed stringent EPR guidelines and encourages businesses to incorporate sustainable practices in their operations.

๐‘ฒ๐’†๐’š ๐‘ซ๐’†๐’—๐’†๐’๐’๐’‘๐’Ž๐’†๐’๐’•๐’”:

The introduction of Extended Producer Responsibility (EPR) schemes in South Korea has sparked a surge in demand for product stewardship solutions, especially in the packaging and consumer goods sectors. Businesses that fail to meet recycling targets face fines, creating a thriving market for compliance-driven services.

๐‘ด๐’†๐’“๐’ˆ๐’†๐’“๐’” ๐’‚๐’๐’… ๐‘จ๐’„๐’’๐’–๐’Š๐’”๐’Š๐’•๐’Š๐’๐’๐’”:

๐‹๐† ๐‚๐ก๐ž๐ฆ, one of South Korea's largest chemical companies, acquired ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ in 2022, a move that is expected to improve their sustainable product lifecycle practices and contribute to their product stewardship strategies.

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

๐‘ท๐’“๐’๐’…๐’–๐’„๐’• ๐‘บ๐’•๐’†๐’˜๐’‚๐’“๐’…๐’”๐’‰๐’Š๐’‘ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘บ๐’–๐’”๐’•๐’‚๐’Š๐’๐’‚๐’ƒ๐’Š๐’๐’Š๐’•๐’š-๐‘ซ๐’“๐’Š๐’—๐’†๐’ ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†

As a global hub for technology and innovation, Singapore is increasingly integrating sustainability into its business models. The country has made significant strides in implementing circular economy strategies and fostering partnerships between government, industry, and research institutions to support product stewardship initiatives.

๐‘ฒ๐’†๐’š ๐‘ผ๐’‘๐’…๐’‚๐’•๐’†๐’”:

Singapore's National Environment Agency (NEA) has introduced a series of initiatives aimed at encouraging companies to adopt sustainable waste management practices and comply with EPR regulations. These initiatives have boosted demand for product stewardship services, particularly in electronics and packaging.

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐š๐ง๐ ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

๐‘บ๐’๐’–๐’•๐’‰๐’†๐’‚๐’”๐’• ๐‘จ๐’”๐’Š๐’‚: ๐‘ฌ๐’™๐’‘๐’‚๐’๐’…๐’Š๐’๐’ˆ ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž ๐’‚๐’๐’… ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…

Southeast Asia is emerging as a key region for product stewardship growth, with countries like Vietnam and Thailand starting to adopt more robust waste management policies. These countries are gradually aligning with international sustainability standards, which creates substantial opportunities for product stewardship providers.

๐—ฉ๐—ถ๐—ฒ๐˜๐—ป๐—ฎ๐—บ:

๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž are being fueled by increasing awareness around environmental issues and growing consumer demand for sustainable products. The Vietnamese government is actively promoting green industries and encouraging businesses to take responsibility for the environmental impact of their products.

๐—ง๐—ต๐—ฎ๐—ถ๐—น๐—ฎ๐—ป๐—ฑ:

๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’… stem from the government's ambitious Circular Economy Roadmap, which emphasizes reducing waste and increasing recycling. This policy shift has led to a rise in demand for product stewardship solutions, particularly in the manufacturing and packaging sectors.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐š๐ค๐ž ๐š ๐ฌ๐ง๐ž๐š๐ค ๐ฉ๐ž๐ž๐ค? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐ž๐ž ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐ž: https://www.maximizemarketresearch.com/request-sample/27235/

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐’ƒ๐’š ๐‘ป๐’š๐’‘๐’†

Solution
Services
Business Consulting and Advisory Services
Deployment and Implementation Services
Audit, Assessment, and Regulatory Compliance Services
Training and Support Services

BFSI, IT and telecom, government and defense, healthcare, research and academics, retail, and others are the market segments based on industry. In 2023, the largest share was held by the IT and telecom sectors, which were followed by the banking, financial, and insurance sectors as well as the government sector. A compound annual growth rate (CAGR) of 10.3% is anticipated for the IT & Telecom industry over the 2024-2030 forecast period. With a 9.4% CAGR throughout the same predicted period, the government and defense sub-segment comes next. Due to ongoing patient data monitoring and storage, which has greatly risen since the COVID-19 pandemic in 2023, the healthcare subsegment also has strong development prospects for the projected period (2024-2030).

๐’ƒ๐’š ๐‘ถ๐’“๐’ˆ๐’‚๐’๐’Š๐’”๐’‚๐’•๐’Š๐’๐’ ๐‘บ๐’Š๐’›๐’†

SMEs
Large Enterprises

SMEs and large enterprises are the two market segments based on organization size. By 2030, the Large Enterprises segment is anticipated to have the largest market share. Due to their high economies of scale, which enable them to take advantage of the advantages of these solutions and services, large organizations should find it more affordable to implement product stewardship solutions and services as a result of the expansion of this large enterprise market. Businesses spend a lot of money modifying their tactical marketing plans in order to maintain their position as market leaders. This segment's growth is primarily driven by the market's technological change, which includes personalized marketing, Big Data, social media, real-time solutions, and increased use of mobile devices.

๐…๐จ๐ซ ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/27235/

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐’๐ญ๐ž๐ฐ๐š๐ซ๐๐ฌ๐ก๐ข๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐š๐ซ๐ž:

1. Arcadis
2. CGI
3. Cority
4. Enablon
5. Enviance
6. ERM Group
7. Gensuite
8. John Wood Group
9. Intelex
10. Processmap
11. SAP
12. Sitehawk
13. Sphera Solutions
14. Thinkstep
15. UL Wercs

๐’๐ญ๐š๐ฒ ๐š๐ก๐ž๐š๐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ซ๐ฏ๐ž ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Global Event Stream Processing Market https://www.maximizemarketresearch.com/market-report/global-event-stream-processing-market/34822/

Global Digital Mobile Radio (DMR) Market https://www.maximizemarketresearch.com/market-report/global-digital-mobile-radio-dmr-market/63106/

Global Industrial Automation and Control Systems Market https://www.maximizemarketresearch.com/market-report/global-industrial-automation-and-control-systems-market/106619/

Flexible Electronics and Circuit Market https://www.maximizemarketresearch.com/market-report/flexible-electronics-and-circuit-market/14601/

Global Human Centric Lighting Market https://www.maximizemarketresearch.com/market-report/global-human-centric-lighting-market/33134/

Global Smartphone Sensors Market https://www.maximizemarketresearch.com/market-report/global-smartphone-sensors-market/62866/

Ethernet Switch Market https://www.maximizemarketresearch.com/market-report/global-ethernet-switch-market/63266/

Laser Interferometer Market https://www.maximizemarketresearch.com/market-report/laser-interferometer-market/165246/

Global Location Based Virtual Reality (VR) Market https://www.maximizemarketresearch.com/market-report/global-location-based-virtual-reality-vr-market/42067/

Global Agricultural Robots Market https://www.maximizemarketresearch.com/market-report/global-agricultural-robots-market/34593/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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