Japan Product Stewardship Market was valued at USD 450 Million in 2022 and is projected to reach USD 750 Million by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
Japan's commitment to environmental sustainability has led to the implementation of comprehensive product stewardship regulations. These regulations place significant responsibilities on industries to manage the entire lifecycle of their products, from design to disposal, ensuring minimal environmental impact. Understanding these requirements is crucial for businesses operating in Japan's market.
Container and Packaging Recycling Act: This act mandates businesses that use, manufacture, or import designated packaging materials to participate in recycling programs. Obligated businesses include retailers, wholesalers, and manufacturers meeting specific annual sales and employee thresholds. The act covers various packaging items, including glass bottles, PET bottles, paper containers, and plastic packaging. Businesses can fulfill their recycling obligations through self-collection, outsourcing to the Japan Containers and Packaging Recycling Association (JCPRA), or independent recycling efforts.
Act on Promotion of Resource Circulation for Plastics: Enacted to address plastic waste, this law requires businesses to design products that facilitate recycling, reduce plastic usage, and promote the use of recycled materials. It encourages companies to adopt eco-friendly packaging and minimize excess packaging.
Electrical Appliances and Materials Safety Act: This act ensures the safety of electrical products by requiring compliance with technical standards and proper labeling. Manufacturers and importers must display the PS Mark on products, indicating adherence to safety regulations.
Manufacturing Industry: Manufacturers are encouraged to use recycled materials, adopt closed material circulation production methods, control waste generation, and develop long-lasting products. Collaboration with stakeholders is essential to ensure proper product handling and recycling after disposal.
Service Industry: Service providers, such as hotels and restaurants, must comply with regulations like the Law on Promotion of Food Recycling and Resource Recycling, focusing on reducing food waste and increasing recycling rates. Large retailers are obligated to participate in container and packaging recycling under the Container and Packaging Recycling Law.
IT Industry: With the rapid digitalization, energy efficiency in data centers has become a priority. The Green IT Promotion Agreement sets performance evaluation indicators, including Power Usage Effectiveness (PUE), to encourage companies to improve energy efficiency. IT companies must also comply with regulations on electronic waste disposal, ensuring data security and resource recycling.
Compliance with Japan's product stewardship regulations presents both challenges and opportunities for businesses. Challenges include the need for investment in sustainable technologies, redesigning products for recyclability, and establishing efficient recycling systems. However, these challenges also offer opportunities for innovation, market differentiation, and alignment with global sustainability trends. Companies that proactively adapt to these regulations can enhance their brand image, meet consumer demand for eco-friendly products, and gain a competitive edge in the market.
In conclusion, Japan's stringent product stewardship regulations underscore the importance of environmental responsibility in business operations. Industries must stay informed and adapt to these evolving requirements to ensure compliance and capitalize on the opportunities presented by a market increasingly focused on sustainability.
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CGI Inc
Enablon
ENVIANCE
ERM Group
Gensuite
SAP SE
Sphera
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UL LLC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Product Stewardship Market
Packaging
Electronics
Automotive
Construction Materials
Textiles
Manufacturing
Retail
Healthcare
Food and Beverage
Agriculture
Collection and Recycling Services
Product Recovery Services
Logistics Services
Disposal Services
Manufacturers
Government Authorities
Consumers
Recycling Companies
Environmental NGOs
Plastics
Metals
Glass
Rubber
Composites
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Product Stewardship Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Product Stewardship Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Product Stewardship Market, By Type
6. Japan Product Stewardship Market, By Application
7. Japan Product Stewardship Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Product Stewardship Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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