Market Size And Forecast: Product Stewardship Software 2019-2024

Executive Summary

This report helps executives at product stewardship software providers align their business strategy and performance using detailed market size and forecast data for the 2019 to 2024 period. The product stewardship software market is driven primarily by regulatory requirements for managing chemicals, materials and hazardous substances. Furthermore, product sustainability initiatives, voluntary efforts to eliminate substances of concern from consumer products, and eco-design with a circular economy focus have a growing impact on corporate spend and priorities, as brand value increasingly is tied to these initiatives. Due to this, Verdantix forecasts the global product stewardship software market will grow from $768 million in 2019 to $1.15 billion in 2024 with a 9% Compound annual growth rate. Additionally, Verdantix identifies three major trends which have materialized in the product stewardship software landscape.