Product Compliance: Market Size And Forecast 2018-2022 (Global)

Published 13 May 2018 by Yaowen Ma

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Executive Summary

This report helps practice leaders, executive directors and marketing officers at firms providing chemical and components compliance solutions to: better understand the addressable market opportunity, define business development and marketing strategies, and forecast revenue growth for the 2018 to 2022 period. The Verdantix product compliance market size and forecast model combines updated macroeconomic data, vendors’ revenues, and regulatory drivers across seven sectors and eleven regions globally. The analysis finds that in 2018 the product compliance market will be worth $972 million. Increasing regulatory pressure in Europe, Japan, South Korea and South East Asia as well as continued influence of EHS compliance in other regions globally will drive spend on product compliance at 7% CAGR to reach $1.3 billion in 2022. The Verdantix analysis also offers a view into market size and forecast by chemical compliance versus components compliance as well as by software, content and services.

Table of contents

Product Compliance: Market Size And Forecast 2018-2022 (Global)
Market Size Data Reflects Updates On Vendor Revenues, Macroeconomic Drivers And Regulatory Environment
The Global Product Compliance Market Will Reach $970 Million In 2018
New Regulations And An Expanding List Of Substances Of Concern Will Drive Growth
The Global Product Compliance Market Will Grow At A 7% CAGR To Reach $1.3 Billion In 2022

Table of figures

Figure 1. Categorization Of Industries By Sector
Figure 2. Global Spend On Product Compliance In 2018 By Geography ($millions, %)
Figure 3. Global Spend On Product Compliance In 2018 By Sector ($millions, %)
Figure 4. Market Share Of Vendors In The Product Stewardship Software And Content Segment
Figure 5. Evolution Of Spend On Product Compliance 2018–2022 (7% CAGR)
Figure 6. Global Spend On Product Compliance By Region 2018–2022
Figure 7. Global Spend On Product Compliance By Industry Sector 2018–2022
Figure 8. Global Spend On Product Compliance By Software, Content And Services 2018–2022
Figure 9. Global Forecast For Product Compliance Across Three Customer Archetypes 2018-2022

Organisations mentioned

Chemwatch, European Chemicals Agency (ECHA), European Union (EU), Gensuite, IMF, iPoint, Ministry of Ecological Environment, OECD, Product Stewardship Institute (PSI), Safer States, SAP, Siemens, SiteHawk, Sphera, thinkstep, UL, VelocityEHS, Verisk 3E, World Bank

About the author

Yaowen Ma

Senior Analyst

Yaowen is a Senior Analyst covering Verdantix research on EHS information management technologies, best practices and growth strategies. His current agenda focuses on EHS and sustainability services, quality management, supply chain stewardship as well as chemicals and product compliance. Yaowen has 4-5 years of experience delivering Verdantix research and advisory engagements. He holds a BA degree in environmental management from the University of Pennsylvania.

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