Digital Product Passport Market Size, Growth Demand, Unveiling The Potential Scope For 2024-2030

Digital Product Passport (DPP) Market by Focus Area (Supply Chain Management, Circular Economy, Customer Engagement, Environmental Impact Assessment), Lifecycle Stage (Product Design, Production, Distribution, End of Life) - Global Forecast to 2030

The global Digital Product Passport (DPP) market [https://www.marketsandmarkets.com/Market-Reports/digital-product-passport-market-163607839.html?utm_campaign=digital-product-passport-market&utm_source=abnewswire.com&utm_medium=paidpr] is projected to expand at a compound annual growth rate (CAGR) of 45.7% during the forecast period, rising from an estimated USD 185.9 million in 2024 to USD 1,780.5 million by 2030. This growth is driven by the increasing need for transparent and comprehensive product lifecycle data to support sustainability and regulatory compliance.

The adoption of digital tools across industries such as manufacturing, retail, and supply chain management has heightened the focus on traceability, circular economy practices, and data-sharing frameworks. Companies are investing significantly in advanced data collection and analysis methods while incorporating sustainability-driven metrics. Emerging technologies, such as blockchain, further enhance data accuracy and reliability. Additionally, the EU's Green Deal regulations are accelerating the adoption of DPPs by requiring transparency in product origins, materials, and recyclability. At the same time, privacy regulations ensure secure data management in compliance with global data protection laws.

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The combination of regulatory pressure, technological readiness, and increasing consumer expectations is driving Digital Product Passport (DPP) market growth, establishing DPPs as foundational elements of sustainability and circular economy strategies across various industries. Industry frontrunners like Tommy Hilfiger and Holz Weiler are implementing DPPs to fulfill consumer preferences for ethically sourced and sustainable products, especially in the fashion sector. To ensure transparency in sourcing, manufacturing, and recycling, the EU Ecodesign for Sustainable Products Regulation (ESPR) and EU Battery Regulation mandate comprehensive lifecycle tracking in industries like automotive electronics, textiles, or electronics in Europe. Battery passports are also becoming essential for monitoring sustainability and supporting decarbonization objectives. On the technology front, blockchain and IoT facilitate efficient material tracking, while AI-driven lifecycle analysis enhances compliance and operational efficiency. These technologies render DPPs both scalable and practical, even in intricate global supply chains.

By lifecycle stage, distribution segment will register the fastest growth rate over the forecast period owing to enhanced supply chain visibility and immutable tracking

The distribution stage is set to become the fastest-growing segment in the Digital Product Passport (DPP) market, driven by the increasing complexity of global supply chains and the demand for real-time traceability. Industries are under increased stress to guarantee authenticity, prevent counterfeiting, and comply with region-specific laws like the European Union's Ecodesign for Sustainable Products Regulation (ESPR) as goods travel across national borders. By providing unalterable, blockchain-enabled documents tracking goods every step of their life, DPPs effectively tackle these obstacles and guarantee transparency and compliance. This attribute is crucial in industries such as pharmaceuticals, electronics, and luxury products, where product authenticity and traceability are critical. Companies are also using DPPs to improve consumer trust via provable data on product sources, simplify inventory management, lowering losses.

Rising adoption of digital product passport to combat counterfeiting of luxury fashion products will push fashion & textiles as the largest end user by market size in 2024

Fashion & textiles sector is poised to become the largest end user of DPPs by market share in 2024 due to the sector's strong regulatory pressures, consumer demand for transparency, and the sheer volume of global production. The EU Strategy for Sustainable and Circular Textiles mandates that brands provide detailed lifecycle data on materials, production processes, and recyclability. To satisfy these needs and improve their sustainability credentials, top fashion companies including Stella McCartney and Patagonia have turned to DPPs. Adidas, for instance, uses DPPs to showcase ethical sourcing and promote transparency in its products, including those made from recycled ocean plastics. Furthermore, luxury brands such Prada and Burberry are using DPPs to track raw ingredients such as sustainable leather and organic cotton and fight counterfeit goods. Consumers increasingly demand sustainable fashion which drives companies to employ DPPs to distribute provable information on their source. With its reliance on global supply chains, material diversity, and intense scrutiny, fashion and textiles dominate the DPP market.

Asia Pacific is set to become the second largest region by market share behind Europe, fueled by rising export requirements and a growing focus on sustainability

Asia Pacific ranks as the second largest region by market share in the DPP market, propelled by its extensive manufacturing capabilities, evolving regulations, and increasing emphasis on sustainability. Nations such as China, Japan, and South Korea lead in worldwide production within industries like electronics, textiles, and automotive, where DPPs are being more widely utilized to satisfy global compliance requirements and consumer expectations. China, for example, has embraced blockchain for traceability in electronics and textiles, with businesses including Huawei deploying DPP-based systems to guarantee transparency in their supply chains. In Japan, automakers like Toyota are leveraging lifecycle tracking systems for EV batteries to comply with global sustainability initiatives. Hyundai Motor Group of South Korea is also considering battery passports to meet worldwide circular economy targets. Moreover, increasing export demands to Europe, where DPP regulations are more stringent, compel Asian producers to implement these systems to preserve market access. Asia Pacific's function as a worldwide manufacturing center and growing consciousness of sustainability reinforce its status as an essential participant in the DPP market.

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Unique Features in the Digital Product Passport Market

Digital Product Passports enable end-to-end traceability by storing and sharing comprehensive product lifecycle data. This ensures transparency regarding a product's origin, materials, manufacturing process, and environmental impact, supporting ethical sourcing and compliance.

Blockchain technology enhances data security, reliability, and immutability within DPPs. By providing tamper-proof records, blockchain ensures product authenticity and prevents counterfeiting. Other technologies, such as IoT and AI, further refine data collection and predictive analytics for better decision-making.

DPPs play a critical role in meeting global sustainability regulations, such as the EU Green Deal. By mandating transparency in material sourcing, recyclability, and carbon footprint tracking, DPPs help businesses align with circular economy principles while maintaining regulatory compliance.

DPPs integrate with enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM) systems. This allows for real-time data updates and efficient tracking, optimizing inventory management, waste reduction, and resource allocation.

DPPs empower consumers with accessible product information through QR codes, NFC tags, or digital platforms. This transparency builds trust, enhances brand reputation, and allows customers to make informed, sustainable purchasing decisions.

Major Highlights of the Digital Product Passport Market

Governments and international bodies, particularly in the EU, are pushing for DPP adoption through sustainability-focused regulations like the Green Deal. These policies require businesses to provide detailed product lifecycle data, including material composition, origin, and recyclability potential, promoting a circular economy.

Industries such as manufacturing, retail, and logistics are embracing DPPs to enhance product traceability and accountability. By providing real-time insights into sourcing, production, and distribution, DPPs help businesses mitigate risks related to counterfeiting, unethical sourcing, and regulatory non-compliance.

The DPP market is being shaped by innovations in blockchain, AI, IoT, and cloud computing. These technologies enable secure, decentralized, and real-time data sharing, improving accuracy and accessibility while preventing data tampering and fraud.

DPPs play a pivotal role in promoting sustainable practices by supporting recycling, refurbishment, and responsible disposal. Companies are leveraging DPPs to meet carbon reduction targets and align with global environmental initiatives.

With rising consumer demand for ethical and sustainable products, DPPs provide transparent information through QR codes, NFC tags, and digital interfaces. This enables customers to make informed purchasing decisions based on environmental impact, product authenticity, and sustainability credentials.

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Top Companies in the Digital Product Passport Market

Some leading players in the digital product passport market comprise of AVL (Austria), Eviden (France), iPoint-systems (Germany), DNV (US), Narravero (Germany), Optel Group (Canada), Siemens (Germany), 3E (US), Kezzler (Norway), EON (US), Circulor (UK), LyondellBasell (Netherlands), Arianee (France), Billon Group (UK), Qliktag (US), Protokol (Netherlands), Circularise (Netherlands), The ID Factory (Italy), Renoon (Netherlands), Spherity (Germany), ASM Global (India), Carboledger (US), Scantrust (Switzerland), Pathway Digital Products (UK), Minespider (Germany), Cirpass (France), Piconext (US), and PSQR (Denmark). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the Digital Product passport market.

Siemens

Siemens stands as a worldwide leader in technology, acclaimed for its cutting-edge solutions in various fields, such as automation, digitalization, and electrification. Siemens leads the digital transformation of global industries with a strong portfolio that includes industrial machinery, smart infrastructure, and healthcare. The company has played a crucial role in incorporating advanced technologies like artificial intelligence, the Internet of Things (IoT), and cloud computing into conventional industries, assisting businesses in improving efficiency, sustainability, and productivity. Siemens' dedication to innovation is demonstrated through its substantial investment in research and development, enabling it to sustain its competitive advantage in the worldwide market. An important aspect of Siemens' offerings is its play in the digital product passport area, whereby it plays a very significant role in promoting transparency and traceability throughout the entire lifespan of the products. It gives aiding industries meet the regulatory requirements, reduce waste, and enhance circular economy practices through solutions providing digital storage for the product's information regarding manufacturing processes, materials, and sustainability data. Siemens is assisting businesses in improving resource management, strengthening supply chain resilience, and achieving more sustainable manufacturing methods through its digital product passport solutions.

DNV

DNV (Det Norske Veritas) is an international quality assurance and risk management firm renowned for its independent certification, technical services, and creative solutions across multiple sectors. Founded in 1864, DNV has been crucial in industries like energy, maritime, oil and gas, renewable resources, and healthcare. The company operates with a mission to safeguard life, property, and the environment through its services, which include risk management, sustainability solutions, and certification. DNV's expertise spans from assuring operational safety in complex industries to enabling digital transformation and sustainability through innovative technologies. In the digital product passport market, DNV is actively contributing by offering services that ensure products' compliance with environmental, social, and governance (ESG) standards. A digital product passport allows a detailed, digital record of a product's lifecycle, enhancing transparency, traceability, and sustainability. DNV provides services in this field by establishing frameworks and standards to evaluate the carbon footprints, recycling possibilities, and other sustainability measures of products, enabling industries to comply with regulations and enhance circularity. The company's strategy is in line with the worldwide movement towards more sustainable and accountable management of product lifespans.

Eviden

Eviden is a worldwide frontrunner in digital transformation, focusing on delivering advanced solutions to boost innovation in different sectors. The firm concentrates on utilizing cutting-edge technologies like AI, cloud computing, cybersecurity, and data analytics to enhance business growth and operational effectiveness. Eviden helps organizations maximize their digital assets, enhance customer experiences, and achieve sustainable outcomes. In the digital product passport industry, Eviden is positioning itself as a key player by offering robust solutions that enable manufacturers and businesses to track and authenticate products throughout their entire lifecycle. Digital product passports- electronic documents, which provide significant information regarding a product's origin, production process, and its ecological features-will become very popular with increased consumer demand for transparency and sustainability. Eviden already offers solutions to this by generating secure, scalable platforms that would integrate easily into the existing systems of enterprises.

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