Market Size And Forecast: Product Stewardship Software 2019-2024

Published 14 June 2019 by Bill Pennington & Steve Bolton &

EHS Software Environment, Health & Safety Product Stewardship Product Sustainability Market Size & Forecast

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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.

Market Size And Forecast: Product Stewardship Software 2019-2024
Market Size Data Reflects Vendor Revenues And Product Regulatory Atmosphere On A Global Level
Spend On Product Stewardship Software Will Reach $768 Million During 2019
Manufacturing-Related And Consumer-Facing Industries Will Constitute The Lion’s Share Of Global Spend On Product Stewardship Software
Product Compliance Software And Content Will Be At The Forefront Of Product Stewardship Spend
Global Spend On Product Stewardship Software Will Reach $1.15 Billion By 2024
Integrated Product Compliance And Management Support Emerges As A Potential Future Focus Of Product Stewardship Software

Table of figures

Figure 1. Categorization Of Industries By Sector
Figure 2. 2019 Regional Product Stewardship Software Spend ($, millions)
Figure 3. 2019 Industrial Product Stewardship Software Spend ($, millions)
Figure 4. 2019-2024 Product Stewardship Spend By Software Type ($, millions)
Figure 5. Global Product Stewardship Software Spend 2019-2024 ($, millions)
Figure 6. Regional Product Stewardship Software Spend 2019-2024 ($, millions)
Figure 7. Industrial Product Stewardship Software Spend 2019-2024 ($, millions)

Organisations mentioned

Assent Compliance, Benjamin Moore, Circul8, ComplianceMetrix, Cradle to Cradle. Deloitte, Enhesa, FoodLoqiQ, Gensuite, Global Safety Management (GSM), Johnson & Johnson, ifu Hamburg, IKEA, Intelex, International Monetary Fund (IMF), International Organization for Standardization (ISO), iPoint-system, P&G, Phillips, Product Stewardship Society, PwC, SAP, Shell, SimaPro, SiteHawk, Sphera, TerraCycle, thinkstep, UL, Unilever, VelocityEHS, Verisk 3E, Vitro Architectural Glass, WASTELINQ.

About the authors

Bill Pennington

Senior Analyst

Bill is a Senior Analyst covering Verdantix research on applications EHS software, best practices and innovative technologies. His current agenda focuses on EHS and sustainability services, product stewardship as well as benchmarking EHS technology buyer’s budgets, priorities and preferences globally. Bill comes from a background of corporate EHS roles in the manufacturing and logistics industries. He holds an MBS degree in sustainability from the Rutgers University.

Steve Bolton

Research Director

Steve leads the Verdantix EHS research practice, based out of our New York office. He has 25 years of experience advising on sustainability, EHS, circular economy, corporate social responsibility and other business value topics. Steve received a dual environmental science and public policy Bachelor's degree from The College of William and Mary, a Master of Environmental Management degree from Duke University, and an MBA degree from James Madison University.