Digital Product Passport Revenue

Source Research:

Digital Product Passports

Market Data | 18 Jun 2024 | MD-DPVCM-23

The Digital Product Passport (DPP) is a critical tool to provide information about products to the entire value chain. The objectives include sustainable products and production, identifying new business opportunities through circular value and optimization, supporting customer decision-making, and verification of products’ compliance with legal obligations.

While the regulations and DPP requirements are still being formalized and come into effect by 2026/2027, textiles, batteries & vehicles, chemicals, construction & buildings, electronics & ICT, furniture, and plastics are the prioritized industry groups based on their environmental impact. By 2030, DPP revenue will surpass the US$4 billion mark, with the apparel and EV industries leading the way in terms of revenue.