Global Product Stewardship Market Forecast to 2023 - Increasing Requirement of Enterprises to Publicize Their Environmental, Health, and Safety Initiatives
DUBLIN, Jan. 23, 2019 /PRNewswire/ --
The "Product Stewardship Market by Type (Solutions, Services (Business Consulting and Advisory Services, Audit, Assessment, and Regulatory Compliance Services, Deployment and Implementation Services)), Organization Size, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The product stewardship market is projected to grow from USD 777 million in 2018 to USD 1,143 million by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% from 2018 to 2023.
Growing awareness among organizations to ensure health and safety of their employees and environment protection, increasing requirement of enterprises to publicize their environmental, health, and safety initiatives, and complying with various environmental regulations and government guidelines are projected to drive the growth of the market across the globe. However, the inability of enterprises to keep track of regulatory changes related to product stewardship solutions and services is expected to restrict the growth of the market across the globe.
Based on type, the services segment is expected to lead the product stewardship market in 2018.
The services segment is projected to lead the product stewardship market during the forecast period, owing to the increasing requirements of clients for processing the pre, post, and integration phases involved in the implementation of product stewardship solutions. These services help in driving the productivity and efficiency of business processes, thereby enabling businesses to build a time-efficient system.
The Europe product stewardship market is projected to grow at the highest CAGR during the forecast period.
The Europe product stewardship market is projected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the increasing adoption of product stewardship solutions and services in countries such as Germany and the UK. Moreover, the stringent implementation of various government regulations such as the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regarding the use of chemicals in the region is also leading to the growth of the Europe product stewardship market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Product Stewardship Market
4.2 Product Stewardship Market, By Type
4.3 Product Stewardship Market, By Service Type
4.4 Product Stewardship Market, By Organization Size
4.5 Market Investment Scenario
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Awareness Among Organizations to Ensure Health and Safety of Their Employees and Environment Protection
5.2.1.2 Increasing Requirement of Enterprises to Publicize Their Environmental, Health, and Safety Initiatives
5.2.1.3 Complying With Various Environmental Regulations and Government Guidelines
5.2.2 Restraints
5.2.2.1 Inability of Enterprises to Keep Track of Regulatory Changes Related to Product Stewardship Solutions and Services
5.2.3 Opportunities
5.2.3.1 Use of Product Stewardship Solutions and Services By Enterprises in Building Their Brand Images
5.2.4 Challenges
5.2.4.1 Limited Health and Safety Budgets of Enterprises and High Costs of Product Stewardship Solutions and Services
5.2.4.2 Complexities Involved in Managing Large Volumes of Product Data
5.3 Industry Trends
5.3.1 Case Studies
5.3.1.1 Case Study 1: Johnson Matthey Uses Solutions of Intelex to Streamline the Workflow
5.3.1.2 Case Study 2: Ferro Uses Intelex Safety Management System for Its Pro-Active Health and Safety Management
5.3.1.3 Case Study 3: Alcoa Extends the Global Sustainability Leadership With EHS Solution Offered By Sphera
5.3.1.4 Case Study 4: BASF Streamlines Plant Safety Processes Across Global Operations With Standardized Risk Assessments
6 Product Stewardship Market, By Type
6.1 Introduction
6.2 Solutions
6.2.1 Increased Need to Manage Hazardous Material to Identify, Manage, and Minimize the Negative Environmental, Health and Safety Impacts
6.3 Services
6.3.1 Business Consulting and Advisory Services
6.3.1.1 Increased Importance of Planning, Supporting, and Identifying Different Revenue Streams Displays the Growing Need of the Business Consulting and Advisory Services
6.3.2 Deployment and Implementation Services
6.3.2.1 Increased Need for the Smooth Transition of the Organization's Historical Product Stewardship Data and Speed Integration to Other Management Systems
6.3.3 Audit, Assessment, and Regulatory Compliance Services
6.3.3.1 Auditing Programs Provide Information About the Effectiveness of Management Systems, Opportunities for Cost Reduction, and Continuous Improvements
6.3.4 Training and Support Services
6.3.4.1 Training and Support Services Train Employees in Undertaking the Responsibilities and Functions of Product Stewardship During Their Work Assignments in Projects, Operations, Repairs, and Maintenance
7 Product Stewardship Market, By Organization Size
7.1 Introduction
7.2 SMEs
7.2.1 SMEs are Increasing Adoption of Product Stewardship Solutions to Achieve Competitive Advantage in Terms of Sustanability
7.3 Large Enterprises
7.3.1 Large Enterprises are Increasing Adopting Product Stewardship Solutions to Adhere to the Strict Regulations and Reduce Compliance Costs
8 Product Stewardship Market Analysis, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Increase in US Government Initiatives to Safeguard Environment is One of the Driving Factors for the US Product Stewardship Market
8.2.2 Canada
8.2.2.1 The Canadian Government's EPR Initiative is Driving the Growth of the Product Stewardship Market in Canada
8.3 Europe
8.3.1 Germany
8.3.1.1 Presence of A Large Chemical Sector is Helping the Growth of the Product Stewardship Market in Germany
8.3.2 UK
8.3.2.1 Increasing Reach Registrations in the Country are Driving the Adoption of the UK Product Stewardship Market
8.3.3 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Japan is Leading Asia Pacific Product Stewardship Market Due to the Presence of A Large Number of Chemical Companies
8.4.2 Australia
8.4.2.1 Various Product Stewardship Initiatives Taken By the Government of Australia are Supporting the Growth of the Market in the Country
8.4.3 Rest of Asia Pacific
8.5 Middle East & Africa (MEA)
8.5.1 KSA
8.5.1.1 Strict Government Chemical Substance Regulations are Supporting the Growth of Product Stewardship Market in the KSA
8.5.2 UAE
8.5.2.1 The UAE is Expected to Grow at the Highest CAGR in MEA Product Stewardship Market During the Forecast Period
8.5.3 Rest of MEA
8.6 Latin America
8.6.1 Mexico
8.6.1.1 Rising Awareness About Product Stewardship Solutions is Expected to Drive the Growth of the Market in Mexico
8.6.2 Brazil
8.6.2.1 Government Initiatives for Chemical Substance Regulations is Expected to Provide Growth Opportunities for the Product Stewardship Market in Brazil
8.6.3 Rest of Latin America
9 Competitive Landscape
9.1 Overview
9.2 Competitive Situation and Trends
9.2.1 New Product Launches & Product Enhancements
9.2.2 Agreements, Collaborations, and Partnerships
9.2.3 Acquisitions
9.2.4 Expansions
9.3 Market Ranking of Key Players
10 Company Profiles
10.1 Arcadis
10.2 CGI
10.3 Cority
10.4 Enablon
10.5 Enviance
10.6 ERM Group
10.7 Gensuite
10.8 John Wood Group
10.9 Intelex
10.10 Processmap
10.11 SAP
10.12 Sitehawk
10.13 Sphera Solutions
10.14 Thinkstep
10.15 UL Wercs
10.16 Velocity EHS
10.17 Verisk 3E
10.18 Key Innovators
10.18.1 Covestro
10.18.2 Phylmar Group
10.18.3 Scout Environmental
10.18.4 Young & Global Partners
10.18.5 Enhesa
10.18.6 Anthesis Group
10.18.7 Pace Analytical
10.18.8 Yordas
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