Unlocking Transparency: Digital Product Passports and the Circular Economy
Webersnits07 Feb, 2025News
The Digital Product Passport Market is slated to expand from USD 185.9 million in 2024 to USD 1,780.5 million by the year 2030 at an impressive CAGR of 45.7% over the forecast period, according to a new report by MarketsandMarkets™. The combination of regulatory pressure, technological readiness, and increasing consumer expectations is driving Digital Product Passport (DPP) market growth, establishing DPPs as foundational elements of sustainability and circular economy strategies across various industries. Industry frontrunners like Tommy Hilfiger and Holz Weiler are implementing DPPs to fulfill consumer preferences for ethically sourced and sustainable products, especially in the fashion sector.
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