Beverage Packaging Market Trends and Scope by 2031
The Beverage Packaging Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on type (aluminum can, glass bottle, pet bottle, carton pack, and others). The report is segmented by packaging size (upto 200 ml, 200 to 330 ml, and above 330 ml). The report is segmented by application [non-alcoholic beverages (fruits and vegetable juices, dairy products, carbonated soft drinks, packaged water, and others) and alcoholic beverages (alcopops, canned cocktails, beer, wine, vodka, whiskey, rum, and others)]. The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Beverage Packaging Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Beverage Packaging Market Segmentation
Type- Aluminum Can
- Glass Bottle
- PET Bottle
- Carton Pack
- Upto 200 ml
- 200 to 330 ml
- Above 330 ml
- Non-alcoholic Beverages
- Alcoholic Beverages
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Beverage Packaging Market Growth Drivers- Rising Demand for Convenient and Portable Beverage Packaging: The surge in the need for convenience and consumption anywhere has a huge influence on the growth of the beverage packaging market. Since most consumers are busy today, they will always look for convenience in using products, thus, the packing must be portable and easy to use. This has forced producers to develop new lightweight and resealable packaging for single-serving packs, which is ideal for a modern day consumer who is always in a rush.
- Health Trends Shaping Beverage Packaging Preferences: Additionally, the changing demographics toward health also have an impact on the types of beverage packaging adopted. Particularly functional ready-to-drink (RTD) liquors such as smoothies and energy shots are on the rise due to their ease of access. Such types of packaging materials need to be moisture-proof and, at the same time allow for ease of use. Hence, new forms, like these pouches or slim cans, are becoming more and more popular.
- Sustainability Driving Innovation in Beverage Packaging: Along with that, sustainability is another aspect that is propelling the growth of the beverage packaging market. The dynamic changing patterns of consumers are leading them to be more environmentally sensitive, so they will look for recycled or sustainable packing materials. This further makes them mandatorily place resources towards adopting such alternatives to packaging, making it possible for more convenience centric brands and eco-friendly innovative designs.
- Rise of Recyclable and Bio-degradable Materials in Beverage Packaging: Recyclable and bio-degradable materials are gaining ownership in traction especially in the beverage packaging industry. With heightened environmental awareness, consumers now tend to choose packaging with the lowest environmental impact. This has led manufacturers to innovate new materials for example, plant-based plastics and recycled materials that fit into sustainability strategy.
- Government Regulations Driving Adoption of Sustainable Packaging: There are other forces in the environment contributing to this trend. Various governments have issued bans on plastic waste whereby companies are left with no choice but to use sustainable materials. Such a transition is beneficial for brands in ensuring that they are within the law and contributes to selling the brand in the eyes of green consumers and consequently increasing the sales of sustainable packaging products.
- Technological Advancements in Biodegradable Packaging Solutions: Another technology evolution helps to design biodegradable packaging and keeps the product's quality. Modern designs prevent spoilage but allow the packaging to deteriorate naturally after being thrown away. This innovation is not only attractive in the eyes of the consumers but also solves the problem of landfill waste; hence it can be considered by beverage manufacturers.
- Smart Packaging Technologies Revolutionizing Beverage Market: The advent of smart packaging technologies is creating vast possibilities for the beverage packaging market. Such innovations involve the interactivity of the products through QR codes, NFC tags, or temperature gauges, with the main objective being to give the user active product details at that given time. Consumers who enjoy technology and are willing to immerse themselves more actively in the process of choosing beverages find this additional feature very attractive.
- Enhancing Safety and Quality with Smart Packaging Solutions: Smart packaging can also enhance the safety and quality of those products. Sophisticated sensors tracking the freshness and temperature of easy-to-spill liquids make it possible to control the conditions of storage and consumption of such beverages. This feature not only helps reduce wastage but also improves the experience of the particular consumer, making smart packaging appealing to manufacturers seeking means of making their products unique in a crowded market.
- Environmental Benefits of Smart Packaging in Beverage Industry: Another important reason for the increase in demand for smart packaging is that it addresses environmental concerns. Some advancements in these fields have eco-friendly components and efficient systems of logistics control. Smart packaging helps the product users in the whys and hows of the product disposal, thereby promoting their sustainable consumption and waste management more so in light of the current consumer behavior trends towards sustainability.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Beverage Packaging Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Beverage Packaging Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Shift towards recyclable and biodegradable materials is expected to be the key market trends.
Based on type, the PET bottle segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the beverage packaging market due to the region's large and growing population, rising disposable income, rapid urbanization, and increasing consumption of beverages such as bottled water, soft drinks, and alcoholic beverages.
Increasing demand for convenience and on-the-go consumption is driving the market growth.
BTetra Pak International S.A.; Elopak; SIG; Mondi; The Tetra Laval Group; Refresco Group; IPI S.r.l.; Ball Corporation; Crown Holdings, Inc.; and Silgan Holdings Inc are some of the key players operating in the beverage packaging market
The Beverage Packaging Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Beverage Packaging Market - By Packaging Type
1.3.2 Beverage Packaging Market - By Material
1.3.3 Beverage Packaging Market - By Application
1.3.4 Beverage Packaging Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BEVERAGE PACKAGING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BEVERAGE PACKAGING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BEVERAGE PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. BEVERAGE PACKAGING - GLOBAL MARKET OVERVIEW
6.2. BEVERAGE PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BEVERAGE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
7.1. OVERVIEW
7.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
7.3. CAN
7.3.1. Overview
7.3.2. Can Market Forecast and Analysis
7.4. BOTTLE AND JARS
7.4.1. Overview
7.4.2. Bottle and Jars Market Forecast and Analysis
7.5. CARTON
7.5.1. Overview
7.5.2. Carton Market Forecast and Analysis
7.6. POUCH
7.6.1. Overview
7.6.2. Pouch Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. BEVERAGE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. PLASTIC
8.3.1. Overview
8.3.2. Plastic Market Forecast and Analysis
8.4. GLASS
8.4.1. Overview
8.4.2. Glass Market Forecast and Analysis
8.5. METAL
8.5.1. Overview
8.5.2. Metal Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. BEVERAGE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ALCOHOLIC
9.3.1. Overview
9.3.2. Alcoholic Market Forecast and Analysis
9.4. NON ALCOHOLIC
9.4.1. Overview
9.4.2. Non Alcoholic Market Forecast and Analysis
10. BEVERAGE PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Beverage Packaging Market Overview
10.1.2 North America Beverage Packaging Market Forecasts and Analysis
10.1.3 North America Beverage Packaging Market Forecasts and Analysis - By Packaging Type
10.1.4 North America Beverage Packaging Market Forecasts and Analysis - By Material
10.1.5 North America Beverage Packaging Market Forecasts and Analysis - By Application
10.1.6 North America Beverage Packaging Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Beverage Packaging Market
10.1.6.1.1 Canada Beverage Packaging Market by Packaging Type
10.1.6.1.2 Canada Beverage Packaging Market by Material
10.1.6.1.3 Canada Beverage Packaging Market by Application
10.1.6.2 Mexico Beverage Packaging Market
10.1.6.2.1 Mexico Beverage Packaging Market by Packaging Type
10.1.6.2.2 Mexico Beverage Packaging Market by Material
10.1.6.2.3 Mexico Beverage Packaging Market by Application
10.1.6.3 US Beverage Packaging Market
10.1.6.3.1 US Beverage Packaging Market by Packaging Type
10.1.6.3.2 US Beverage Packaging Market by Material
10.1.6.3.3 US Beverage Packaging Market by Application
10.2. EUROPE
10.2.1 Europe Beverage Packaging Market Overview
10.2.2 Europe Beverage Packaging Market Forecasts and Analysis
10.2.3 Europe Beverage Packaging Market Forecasts and Analysis - By Packaging Type
10.2.4 Europe Beverage Packaging Market Forecasts and Analysis - By Material
10.2.5 Europe Beverage Packaging Market Forecasts and Analysis - By Application
10.2.6 Europe Beverage Packaging Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Beverage Packaging Market
10.2.6.1.1 Germany Beverage Packaging Market by Packaging Type
10.2.6.1.2 Germany Beverage Packaging Market by Material
10.2.6.1.3 Germany Beverage Packaging Market by Application
10.2.6.2 France Beverage Packaging Market
10.2.6.2.1 France Beverage Packaging Market by Packaging Type
10.2.6.2.2 France Beverage Packaging Market by Material
10.2.6.2.3 France Beverage Packaging Market by Application
10.2.6.3 Italy Beverage Packaging Market
10.2.6.3.1 Italy Beverage Packaging Market by Packaging Type
10.2.6.3.2 Italy Beverage Packaging Market by Material
10.2.6.3.3 Italy Beverage Packaging Market by Application
10.2.6.4 United Kingdom Beverage Packaging Market
10.2.6.4.1 United Kingdom Beverage Packaging Market by Packaging Type
10.2.6.4.2 United Kingdom Beverage Packaging Market by Material
10.2.6.4.3 United Kingdom Beverage Packaging Market by Application
10.2.6.5 Russia Beverage Packaging Market
10.2.6.5.1 Russia Beverage Packaging Market by Packaging Type
10.2.6.5.2 Russia Beverage Packaging Market by Material
10.2.6.5.3 Russia Beverage Packaging Market by Application
10.2.6.6 Rest of Europe Beverage Packaging Market
10.2.6.6.1 Rest of Europe Beverage Packaging Market by Packaging Type
10.2.6.6.2 Rest of Europe Beverage Packaging Market by Material
10.2.6.6.3 Rest of Europe Beverage Packaging Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Beverage Packaging Market Overview
10.3.2 Asia-Pacific Beverage Packaging Market Forecasts and Analysis
10.3.3 Asia-Pacific Beverage Packaging Market Forecasts and Analysis - By Packaging Type
10.3.4 Asia-Pacific Beverage Packaging Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Beverage Packaging Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Beverage Packaging Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Beverage Packaging Market
10.3.6.1.1 Australia Beverage Packaging Market by Packaging Type
10.3.6.1.2 Australia Beverage Packaging Market by Material
10.3.6.1.3 Australia Beverage Packaging Market by Application
10.3.6.2 China Beverage Packaging Market
10.3.6.2.1 China Beverage Packaging Market by Packaging Type
10.3.6.2.2 China Beverage Packaging Market by Material
10.3.6.2.3 China Beverage Packaging Market by Application
10.3.6.3 India Beverage Packaging Market
10.3.6.3.1 India Beverage Packaging Market by Packaging Type
10.3.6.3.2 India Beverage Packaging Market by Material
10.3.6.3.3 India Beverage Packaging Market by Application
10.3.6.4 Japan Beverage Packaging Market
10.3.6.4.1 Japan Beverage Packaging Market by Packaging Type
10.3.6.4.2 Japan Beverage Packaging Market by Material
10.3.6.4.3 Japan Beverage Packaging Market by Application
10.3.6.5 South Korea Beverage Packaging Market
10.3.6.5.1 South Korea Beverage Packaging Market by Packaging Type
10.3.6.5.2 South Korea Beverage Packaging Market by Material
10.3.6.5.3 South Korea Beverage Packaging Market by Application
10.3.6.6 Rest of Asia-Pacific Beverage Packaging Market
10.3.6.6.1 Rest of Asia-Pacific Beverage Packaging Market by Packaging Type
10.3.6.6.2 Rest of Asia-Pacific Beverage Packaging Market by Material
10.3.6.6.3 Rest of Asia-Pacific Beverage Packaging Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Beverage Packaging Market Overview
10.4.2 Middle East and Africa Beverage Packaging Market Forecasts and Analysis
10.4.3 Middle East and Africa Beverage Packaging Market Forecasts and Analysis - By Packaging Type
10.4.4 Middle East and Africa Beverage Packaging Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Beverage Packaging Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Beverage Packaging Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Beverage Packaging Market
10.4.6.1.1 South Africa Beverage Packaging Market by Packaging Type
10.4.6.1.2 South Africa Beverage Packaging Market by Material
10.4.6.1.3 South Africa Beverage Packaging Market by Application
10.4.6.2 Saudi Arabia Beverage Packaging Market
10.4.6.2.1 Saudi Arabia Beverage Packaging Market by Packaging Type
10.4.6.2.2 Saudi Arabia Beverage Packaging Market by Material
10.4.6.2.3 Saudi Arabia Beverage Packaging Market by Application
10.4.6.3 U.A.E Beverage Packaging Market
10.4.6.3.1 U.A.E Beverage Packaging Market by Packaging Type
10.4.6.3.2 U.A.E Beverage Packaging Market by Material
10.4.6.3.3 U.A.E Beverage Packaging Market by Application
10.4.6.4 Rest of Middle East and Africa Beverage Packaging Market
10.4.6.4.1 Rest of Middle East and Africa Beverage Packaging Market by Packaging Type
10.4.6.4.2 Rest of Middle East and Africa Beverage Packaging Market by Material
10.4.6.4.3 Rest of Middle East and Africa Beverage Packaging Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Beverage Packaging Market Overview
10.5.2 South and Central America Beverage Packaging Market Forecasts and Analysis
10.5.3 South and Central America Beverage Packaging Market Forecasts and Analysis - By Packaging Type
10.5.4 South and Central America Beverage Packaging Market Forecasts and Analysis - By Material
10.5.5 South and Central America Beverage Packaging Market Forecasts and Analysis - By Application
10.5.6 South and Central America Beverage Packaging Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Beverage Packaging Market
10.5.6.1.1 Brazil Beverage Packaging Market by Packaging Type
10.5.6.1.2 Brazil Beverage Packaging Market by Material
10.5.6.1.3 Brazil Beverage Packaging Market by Application
10.5.6.2 Argentina Beverage Packaging Market
10.5.6.2.1 Argentina Beverage Packaging Market by Packaging Type
10.5.6.2.2 Argentina Beverage Packaging Market by Material
10.5.6.2.3 Argentina Beverage Packaging Market by Application
10.5.6.3 Rest of South and Central America Beverage Packaging Market
10.5.6.3.1 Rest of South and Central America Beverage Packaging Market by Packaging Type
10.5.6.3.2 Rest of South and Central America Beverage Packaging Market by Material
10.5.6.3.3 Rest of South and Central America Beverage Packaging Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. BEVERAGE PACKAGING MARKET, KEY COMPANY PROFILES
12.1. ALCOA CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AMCOR LTD.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BALL CORPORATION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BEMIS COMPANY, INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CROWN HOLDINGS, INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MONDI PLC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. REYNOLDS GROUP HOLDINGS LIMITED
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SAINT-GOBAIN S.A.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. STORA ENSO
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TETRA LAVAL INTERNATIONAL S.A.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Alcoa Corporation
2. Amcor Ltd.
3. Ball Corporation
4. Bemis Company, Inc.
5. Crown Holdings, Inc.
6. Mondi PLC.
7. Reynolds Group Holdings Limited
8. Saint-Gobain S.A.
9. Stora Enso
10. Tetra Laval International S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For