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.   
 

Table of contents

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

Table of figures

Figure 1. Impact Of Covid And Recession On 2020 Forecasted Market Spend ($, millions)
Figure 2. Product Stewardship Market Will Grow At A CAGR Of 9% ($, 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

Analyst

Chris is a Technology Analyst in the Verdantix EHS practice. His current research agenda focuses on global technology trends and their impact on EHS technology. Chris joined Verdantix in 2020 and has previous experience at EY, where he specialised in robotic process automation (RPA). He holds an M.Eng. in Engineering Science from Oxford University with a concentration in machine learning and machine vision.

Tom Brown

Analyst
Tom is a Technology Analyst in the Verdantix EHS practice. His current research agenda focuses on technology mega-trends, EHS software, and sustainability. Tom joined Verdantix after graduating from the University of Nottingham with a M.Eng. in Chemical Engineering, with particular focus on Process Simulation and environmental sustainability.

Yaowen Ma

Senior Analyst

Yaowen is a Senior Analyst in the Verdantix EHS practice covering research on digital technologies, best practices and growth strategies. His current agenda focuses on EHS information management and the overlap with product stewardship, supply chain transparency, and sustainability disclosures. Yaowen has more than five years of experience managing and delivering EHS and sustainability research and consulting engagements. He holds a dual major bachelor’s degree in environmental management and international relations from the University of Pennsylvania.

Rodolphe d’Arjuzon

Managing Director & Global Head of Research

Rodolphe co-founded Verdantix in 2008 and directs the firm’s research strategy across all practice areas. He also leads the Environment, Health & Safety practice on an interim basis. Rodolphe has over twenty years of experience in technology research and strategy consulting. He previously worked for Barclays Bank and L.E.K. Consulting. Rodolphe holds a PhD in Physics from Cambridge University.

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