DPP for Luxury Goods

At a Glance

Setting the scene for DPPs within the luxury goods industry.

$401.73 Billion

Global market size for luxury goods predicted by 2028, with a CAGR of 6.1%.

76%

Of customers are less likely to buy from luxury brands associated with counterfeits.

$52 Billion

Global market size for pre-owned luxury predicted by 2026, with a CAGR of 9.6%.

10% - 15%

Estimated amount of luxury goods that are in fact counterfeit or fake.

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DPPs can revolutionise the luxury goods market, maximising resale revenues whilst increasing product circularity

More than just a tool for verifying sustainable and responsible manufacturing in line with ESPR legislation and circularity initiatives – Digital Product Passports are a tool for enabling widespread business transformation.

DPP Impact

Digital Product Passports can store data relating to each product at a granular level, giving a holistic view of its whole lifecycle and environmental impact. The data DPPs contain can provide organisations with an immutable audit trail for compliance with upcoming legislation, as well as give valuable insight into an organisation’s supply chain operations.

Supply Chain Traceability

DPPs enable swift supply chain traceability for luxury goods brands, helping customers identify counterfeit goods and brands to remove unscrupulous suppliers from their supply chain. This can help to protect brand integrity and mitigate negative reputational impact.

Sustainable Sourcing

DPPs can contain raw material data, down to its extraction method, location, and staffing. Each product’s composition is displayed for stakeholders to scrutinise, helping organisations to prove the manufacturing materials they use - from gold to fine fabrics – are ethically sourced.

Resale Authentication

A product’s digital twin can be contained within the DPP itself, providing a tamper-proof record of ownership and authenticity. This can be transferred between individuals enabling secure and trustworthy luxury second-hand resale, promoting reuse and adding longevity to product lifecycles.

DPPs are mandated for all luxury goods made or sold within the EU by 2030.

The luxury industry is required to make significant changes.

DPPs enable organisations to satisfy the regulatory requirements that will be imposed by the ESPR, which mandates the implementation of DPPs by 2030. For organisations that want to future-proof their operations and gain a first-mover advantage, it would be best to start considering a DPP solution now.

Digital Product Passports: What You Need to Know

Our Platform

Create, manage & integrate DPPs

Capture key upstream data from across the sourcing, manufacturing and sales process
Manage your product portfolio, from a birds-eye view to an individual, granular perspective
Connect DPPs with your existing ERP or LCA system seamlessly

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Ready to build your DPP solution?

Contact us to explore your Digital Product Passport solution and next steps.

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DPP in Luxury Goods