DIGITAL PRODUCT PASSPORT SOFTWARE MARKET Size and trends

Digital Product Passport Software Market Size and Trends

The digital product passport software market is estimated to be valued at USD 240.1 Million in 2025 and is expected to reach USD 1,273.2 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 26.9% from 2025 to 2032.

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The market is expected to witness significant growth during the forecast period. The growth can be attributed to the rising adoption of Industry 4.0 and increasing focus of manufacturers on the digital transformation of supply chain and production processes. Digital product passports help track individual products throughout their lifecycle. They enable traceability by providing access to authenticated records and documentation. These passports also offer relevant attributes to both manufacturing organizations and consumers. With digitization becoming a global trend across industries, digital product passports are expected to play a key role in enabling transparency and building customer trust. Manufacturers are actively pursuing digital strategies to gain competitive advantage and optimize efficiency through real-time decision making based on data and analytics. This rising digital adoption and the need to ensure sustainability and ethics in supply chains will drive the continued demand for digital product passport software.

Greater Traceability Needs across Industries

As supply chains become more global and complex, industries are under increasing pressure to ensure product integrity and quality throughout the manufacturing and distribution process. A lack of visibility into critical details like component sourcing, manufacturing standards, testing, and certification can expose vulnerabilities. In some industries such as pharmaceuticals, medical devices, and aerospace, poor traceability can have serious safety consequences and even lead to recalls. The digital product passport software aims to address this by providing a shared, immutable record of a product's journey. By capturing each stage and transaction on a Blockchain-enabled platform, manufacturers gain immutable proof of compliance. Regulators can also more easily audit processes. For consumers, it builds confidence that the product adheres to the expected quality norms. The need for greater transparency and accountability is driving many industries to explore digital solutions to digitally trace products end-to-end.

For instance, in February 2021, iTrazo a traceability solutions provider and PSQR a track and trace software provider, collaborated to provide a global digital traceability solution for various industries, addressing the increasing demand for transparency and accountability in supply chains, particularly within the food sector.