Market Size and Forecast: Product Stewardship Software 2020-2025
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Executive Summary
COVID-19 and the ensuing recession has thrown a veil of uncertainty over business. This report provides an update on growth expectations for the product stewardship market; it helps vendors in this sector understand the impact of COVID-19 and the recession on product stewardship investments, and the market forecast will also aid EHS executives in benchmarking their investment plans. This analysis focuses on the global impact COVID-19 has had on the product stewardship market in 2020 and onward growth expectations. We find this market to be very resistant to the crisis, with growth forecast to return in 2021 despite the difficulties experienced in 2020 with many paused or delayed projects; this is due to the need to meet growing compliance regulations around product safety and sustainability.The 2020 Product Stewardship Market Has Been Hit By A Triple Whammy
The Product Stewardship Market Has Shrunk By Only 2% In 2020
Unabated Regulatory Changes Will Help The Market Recover Quickly
New Regulations In Place Will Drive Regional Adoption Changes
New Social Standards Push For Better Product Stewardship And Sustainability
Global Spend On Product Stewardship Will Reach $1.2 Billion In 2025
Figure 2. Product Stewardship Market Will Grow At A CAGR Of 9% ($, millions)
Figure 3. Regional Market Spend On Product Stewardship 2020 ($, millions)
Figure 4. Regional Product Stewardship Software Spend 2020-2025 ($, millions)
Figure 5. Product Stewardship Software Spend Industry Breakdown 2020-2025 ($, millions)
About the Authors
Chris Sayers
Senior Analyst
Chris is a Senior Analyst in the Verdantix EHSQ practice. His current research agenda focuses on EHSQ software, product compliance software and digital mental health and wellb…
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Tom Brown
Senior Analyst
Tom is a Senior Analyst in the Verdantix EHS practice. His current research agenda focuses on a range of EHS topics, including high-risk safety controls, contractor management…
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Yaowen Ma
Principal Analyst
Yaowen is a Principal Analyst at Verdantix conducting research on EHS and ESG information management. His current agenda focuses on digital technologies, best practices and gr…
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Rodolphe d’Arjuzon
Chief Product Officer and Co-Founder
Rodolphe co-founded Verdantix in 2008 and directs the firm’s research strategy across all practice areas. Rodolphe has over 20 years of experience in technology research…
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