North America Product Stewardship Market Forecast to 2031 - Regional Analysis - by Component (Services and Software), Deployment (Cloud and On Premises), and Organization Size (Large Enterprises and SMEs)

Description

List of Tables

The North America product stewardship market was valued at US$ 298.40 million in 2023 and is expected to reach US$ 539.30 million by 2031; it is estimated to register a CAGR of 7.7% from 2023 to 2031.

Increase in Consumer Demand for Eco-friendly Products Fuels North America Product Stewardship Market

There has been a substantial shift in consumer behavior toward eco-friendly products. Surveys indicate that a large majority of consumers are gradually prioritizing sustainability in their purchasing decisions. For instance, in 2024, according to Shopify, 89% of consumers have changed their shopping behavior to favor sustainable products, with nearly 30% indicating a significant change in their purchasing habits. Generation Z emerges as the most prominent adopter of this consumer trend, with this demographic citing sustainability as a primary consideration in their shopping decisions. According to a report by The Economist Intelligence Unit, commissioned by WWF, the popularity of Google searches relating to sustainable goods has increased by 71% over the past five years globally since 2016. There is a growing consumer inclination for sustainable products, driven by an increasing awareness of environmental issues and a desire to support brands that align with their values. As consumers, particularly younger generations such as Gen Z, prioritize sustainability in their purchasing decisions, companies that adopt product stewardship practices can significantly enhance their brand image and reputation. This alignment not only meets consumer expectations but also translates into a competitive advantage in the marketplace. Consequently, businesses that proactively embrace sustainable practices are fulfilling a moral obligation and are also positioning themselves to capture a larger share of the market, thereby driving profitability and fostering customer loyalty in an increasingly eco-conscious economy. All these factors boost the adoption of product stewardship practices, which is further driving the product stewardship market growth.

North America Product Stewardship Market Overview

The product stewardship market in North America is poised for substantial growth, driven by regulatory pressures, consumer demand for sustainability, and the proactive efforts of organizations dedicated to responsible product lifecycle management. For instance, PSI is a national authority on product stewardship, providing resources and research to help organizations implement stewardship initiatives. It has been instrumental in promoting product stewardship concepts across the US. Moreover, for over a decade, PaintCare has successfully implemented manufacturer-led paint stewardship programs in various states nationwide, facilitating convenient paint recycling solutions. Established by the paint industry through the American Coatings Association (ACA), PaintCare is a nonprofit organization dedicated to managing the end-of-life phase of architectural paint products in states that have enacted paint stewardship legislation.

The Sustainable Investment Forum North America 2024, in official partnership with UNEP FI, plays a pivotal role in advancing product stewardship by uniting asset owners with over US$ 3 trillion in assets under management. As it prepares for its 9th annual edition during Climate Week NYC, the Forum will gather 500 qualified institutional investors and financial leaders to foster dialogue and collaboration aimed at promoting sustainable investment practices. This gathering is crucial for shaping and accelerating responsible investment, which aligns closely with the principles of product stewardship. By encouraging financial leaders to adopt sustainable practices, the Forum supports initiatives that prioritize the lifecycle management of products, ensuring that environmental considerations are integrated into investment decisions. This alignment not only enhances corporate responsibility but also drives the transition toward a more sustainable economy, reflecting the growing recognition of the interconnectedness between finance and environmental stewardship. All of these factors are expected to boost the product stewardship market growth.

North America Product Stewardship Market Revenue and Forecast to 2031 (US$ Million)

North America Product Stewardship Market Segmentation

The North America product stewardship market is categorized into component, deployment, organization size, and country.

Based on component, the North America product stewardship market is bifurcated into services and software. The services segment held a larger market share in 2023.

In terms of deployment, the North America product stewardship market is bifurcated into cloud and on-premises. The cloud segment held a larger market share in 2023.

By organization size, the North America product stewardship market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.

By country, the North America product stewardship market is segmented into the US, Canada, and Mexico. The US dominated the North America product stewardship market share in 2023.

Eaton Corp Plc, Anthesis Group Ltd, CGI Inc, ERM Group, Inc., Wolters Kluwer NV, Intelex Technologies ULC, SAP SE, Sphera Solutions, Inc., Covestro AG, Linde Plc, Arcadis NV, 3E, Benchmark Digital Partners LLC, UL LLC, Pace Analytical Services, Dupont de Nemours Inc, knoell, Young & Global Partners, Yordas Limited, and Phylmar Group, are among the leading companies operating in the North America product stewardship market.

Product Code: BMIRE00031621

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Product Stewardship Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Software Providers:
- 4.2.2 Services Providers:
- 4.2.3 Regulatory Bodies:
- 4.2.4 End-Users:
- 4.2.5 List of Vendors in the Value Chain
4.3 Premium Insights
- 4.3.1 Extended Producer Responsibility - Global and Regional Outlook
  - 4.3.1.1 North America
- 4.3.2 Average Cost at Individual Step in Extended Producer Responsibility
- 4.3.3 Waste Management Fees
  - 4.3.3.1 North America
- 4.3.4 TAM by Waste Category
  - 4.3.4.1 Plastic
  - 4.3.4.2 Battery
  - 4.3.4.3 E-Waste

5. North America Product Stewardship Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increase in Consumer Demand for Eco-friendly Products
- 5.1.2 Rise In Corporate Social Responsibility Initiatives
- 5.1.3 Strict Government Regulations
5.2 Market Restraints
- 5.2.1 Resistance to Change within the Organization
5.3 Market Opportunities
- 5.3.1 Investment in Recycling Infrastructure
- 5.3.2 Rising Demand for Recycling and Waste Management Solutions
5.4 Trends
- 5.4.1 AI-Powered Product Stewardship
5.5 Impact of Drivers and Restraints:

6. Product Stewardship Market - North America Analysis

6.1 North America Product Stewardship Market Overview
6.2 Product Stewardship Market Revenue (US$ Million), 2021-2031
6.3 Product Stewardship Market Forecast Analysis

7. North America Product Stewardship Market Analysis - by Component

7.1 Services
- 7.1.1 Overview
- 7.1.2 Services: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Software
- 7.2.1 Overview
- 7.2.2 Software: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.3 Cloud
  - 7.2.3.1 Overview
  - 7.2.3.2 Cloud: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.4 On Premises
  - 7.2.4.1 Overview
  - 7.2.4.2 On Premises: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Product Stewardship Market Analysis - by Organization Size

8.1 Large Enterprises
- 8.1.1 Overview
- 8.1.2 Large Enterprises: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)
8.2 SMEs
- 8.2.1 Overview
- 8.2.2 SMEs: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Product Stewardship Market - Country Analysis

9.1 North America
- 9.1.1 North America: Product Stewardship Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 9.1.1.1 North America: Product Stewardship Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.2 United States: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.2.1 United States: Product Stewardship Market Breakdown, by Component
    - 9.1.1.2.2 United States: Product Stewardship Market Breakdown, by Deployment
    - 9.1.1.2.3 United States: Product Stewardship Market Breakdown, by Organization Size
  - 9.1.1.3 Canada: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Canada: Product Stewardship Market Breakdown, by Component
    - 9.1.1.3.2 Canada: Product Stewardship Market Breakdown, by Deployment
    - 9.1.1.3.3 Canada: Product Stewardship Market Breakdown, by Organization Size
  - 9.1.1.4 Mexico: Product Stewardship Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 Mexico: Product Stewardship Market Breakdown, by Component
    - 9.1.1.4.2 Mexico: Product Stewardship Market Breakdown, by Deployment
    - 9.1.1.4.3 Mexico: Product Stewardship Market Breakdown, by Organization Size

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.2 New Product Development

12. Company Profiles

12.1 Eaton Corp Plc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Anthesis Group Ltd
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 CGI Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 ERM Group, Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Wolters Kluwer NV
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Intelex Technologies ULC
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 SAP SE
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Sphera Solutions, Inc.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Covestro AG
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Linde Plc
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
12.11 Arcadis NV
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
12.12 3E
- 12.12.1 Key Facts
- 12.12.2 Business Description
- 12.12.3 Products and Services
- 12.12.4 Financial Overview
- 12.12.5 SWOT Analysis
- 12.12.6 Key Developments
12.13 Benchmark Digital Partners LLC
- 12.13.1 Key Facts
- 12.13.2 Business Description
- 12.13.3 Products and Services
- 12.13.4 Financial Overview
- 12.13.5 SWOT Analysis
- 12.13.6 Key Developments
12.14 UL LLC
- 12.14.1 Key Facts
- 12.14.2 Business Description
- 12.14.3 Products and Services
- 12.14.4 Financial Overview
- 12.14.5 SWOT Analysis
- 12.14.6 Key Developments
12.15 Pace Analytical Services
- 12.15.1 Key Facts
- 12.15.2 Business Description
- 12.15.3 Products and Services
- 12.15.4 Financial Overview
- 12.15.5 SWOT Analysis
- 12.15.6 Key Developments
12.16 DuPont de Nemours Inc
- 12.16.1 Key Facts
- 12.16.2 Business Description
- 12.16.3 Products and Services
- 12.16.4 Financial Overview
- 12.16.5 SWOT Analysis
- 12.16.6 Key Developments
12.17 knoell
- 12.17.1 Key Facts
- 12.17.2 Business Description
- 12.17.3 Products and Services
- 12.17.4 Financial Overview
- 12.17.5 SWOT Analysis
- 12.17.6 Key Developments
12.18 Young & Global Partners
- 12.18.1 Key Facts
- 12.18.2 Business Description
- 12.18.3 Products and Services
- 12.18.4 Financial Overview
- 12.18.5 SWOT Analysis
- 12.18.6 Key Developments
12.19 Yordas Limited
- 12.19.1 Key Facts
- 12.19.2 Business Description
- 12.19.3 Products and Services
- 12.19.4 Financial Overview
- 12.19.5 SWOT Analysis
- 12.19.6 Key Developments
12.20 Phylmar Group
- 12.20.1 Key Facts
- 12.20.2 Business Description
- 12.20.3 Products and Services
- 12.20.4 Financial Overview
- 12.20.5 SWOT Analysis
- 12.20.6 Key Developments

13. Appendix

13.1 Word Index
13.2 About The Insight Partners