DUBLIN--(BUSINESS WIRE)--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.
Market Dynamics
Drivers
- 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
- Complying With Various Environmental Regulations and Government Guidelines
Restraints
- Inability of Enterprises to Keep Track of Regulatory Changes Related to Product Stewardship Solutions and Services
Opportunities
- Use of Product Stewardship Solutions and Services By Enterprises in Building Their Brand Images
Challenges
- Limited Health and Safety Budgets of Enterprises and High Costs of Product Stewardship Solutions and Services
- Complexities Involved in Managing Large Volumes of Product Data
Case Studies
- Case Study 1: Johnson Matthey Uses Solutions of Intelex to Streamline the Workflow
- Case Study 2: Ferro Uses Intelex Safety Management System for Its Pro-Active Health and Safety Management
- Case Study 3: Alcoa Extends the Global Sustainability Leadership With EHS Solution Offered By Sphera
- Case Study 4: BASF Streamlines Plant Safety Processes Across Global Operations With Standardized Risk Assessments
Companies Mentioned
- Anthesis Group
- Arcadis
- CGI
- Cority
- Covestro
- Enablon
- Enhesa
- Enviance
- ERM Group
- Gensuite
- Intelex
- John Wood Group
- Pace Analytical
- Phylmar Group
- Processmap
- SAP
- Scout Environmental
- Sitehawk
- Sphera Solutions
- Thinkstep
- UL Wercs
- Velocity EHS
- Verisk 3E
- Yordas
- Young & Global Partners
For more information about this report visit https://www.researchandmarkets.com/research/fzrq32/product?w=4
