Blister Packaging Market Report (2021-2031) | The Insight Partners
The Blister Packaging Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by technology (thermoforming and cold forming). The report further presents analysis based on type (carded and clamshell), and material (plastics films, paper and paperboard and aluminum). The report is also segmented by end use industry (healthcare, consumer goods, industrial goods, food 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 Blister 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.
Blister Packaging Market Segmentation
Technology- Thermoforming and Cold Forming
- Carded and Clamshell
- Healthcare
- Consumer Goods
- Industrial Goods
- Food and Others
- Plastics Films
- Paper and Paperboard and Aluminum
- Plastics Films
- Paper and Paperboard and Aluminum
Strategic Insights
Blister Packaging Market Growth Drivers- High demand from pharmaceuticals industry: Blister packaging is significant in the pharmaceutical industry as this ensures safety and hygiene in storing medications in blister packs. Blister packs ensure intactness of drugs by preventing entry of moisture and contaminants. This would be more significant because prescription and over-the-counter medication is on the rise, hence increasing the number of users of blister packaging solutions.
- Growing demand from consumer electronics industry: Blister packaging is increasingly being used within the consumer electronics industry with products such as batteries, chargers, and small gadgets. While blister packs provide good visibility, which enhances shelf appeal, they do protect the product during shipment. As the electronics market expands, the demand for effective packaging solutions that can safeguard delicate components is also growing.
- Surging demand from food industry: The convenience and ability of the blister packaging to extend shelf life make it very suitable for the convenience offered by single-serving portions of snacks and ready-to-eat meals, thus responding well to the growing trend of consumption on the go. As consumers increasingly trend towards convenience and freshness, more food applications are shifting their preference in favor of blister packaging.
- Sustainability and eco-friendly packaging: The focus in manufacturing blister packaging has evolved to incorporate sustainability in the production process. Many manufacturers are using renewable resources such as biodegradable plastics and recyclable plastics, in response to growing consumer demand for green packaging. Companies are investing in product development and research to achieve packages with a reduced wastage and carbon footprint.
- Advanced technologies in manufacturing processes: Advanced technologies in manufacturing processes are revolutionizing the blister packaging market. Automation and smart manufacturing techniques are enhancing production efficiency, reducing labor costs, and improving product quality. Digital printing permits high degrees of customization and enables short production runs; all of these factors help meet specific needs in the market, while maintaining high standards of quality and compliance.
- Strong growth of pharmaceuticals industry: In the pharmaceutical industry, blister packaging is used as packaging solution to improve product safety and compliance. With the pharmaceutical industry increasingly opting for unit-dose packaging for medication, demand for innovative blister designs that help ensure the product and ensure that the patient will adhere to the proper regimen is rising. Indeed, this trend is expected to boost the market significantly.
- Technological advancements in packaging materials: Research on biodegradable and recyclable materials for blister packaging is increasing in line with consumers' growing demand for eco-friendly packaging materials. Companies that launch such products can capture and attract environmentally conscious customers and remain compliant with strict regulations, increasing brand loyalty and market share.
- Integration of technology into packaging: Packaging integrated with technology is rapidly becoming a trend. With some research into smart blister packaging with sensors designed to monitor the product freshness or even trail usage, the industry has the potential to become the most revolutionary product line. Launched products with these feats significantly improve consumer experience and open opportunities to sensitive sectors like pharmaceuticals and food, wherein the integrity of the product is paramount.
- High demand for customized products: The rise in demand for customized products provides a basis for flexible blister packaging opportunities with various dimensions and shapes. This feature enables flexible blister packaging product development from research to the production phase, which is advantageous for launching customized products into the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Blister 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 Blister 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.
REGIONAL FRAMEWORK
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- 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
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to country scope.
Frequently Asked Questions
The Blister Packaging Market is estimated to witness a CAGR of 6% from 2023 to 2031
Rising demand for pharmaceutical products and increased focus on product safety is driving the market growth
Amcor plc; WestRock Company; Sonoco Products Company; Constantia Flexibles; DuPont are some of the key players operating in the blister packaging market
Based on technology, the cold thermoforming segment is expected to witness the fastest growth during the forecast period
Based on geography, North America held the largest share of the blister packaging market due to rising demand for blister packaging solutions in various sectors, including pharmaceuticals and food
Smart packaging technologies is expected to be the key market trends
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Blister Packaging Market - By Technology
1.3.2Blister Packaging Market - By Type
1.3.3Blister Packaging Market - By Material
1.3.4Blister Packaging Market - By End User Industry
1.3.5Blister Packaging Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BLISTER PACKAGING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.BLISTER 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.BLISTER PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6.1.BLISTER PACKAGING - GLOBAL MARKET OVERVIEW
6.2.BLISTER PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BLISTER PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1.OVERVIEW
7.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3.THERMOFORMING
7.3.1.Overview
7.3.2.Thermoforming Market Forecast and Analysis
7.4.COLD FORMING
7.4.1.Overview
7.4.2.Cold Forming Market Forecast and Analysis
8.BLISTER PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1.OVERVIEW
8.2.TYPE MARKET FORECASTS AND ANALYSIS
8.3.CARDED
8.3.1.Overview
8.3.2.Carded Market Forecast and Analysis
8.4.CLAMSHELL
8.4.1.Overview
8.4.2.Clamshell Market Forecast and Analysis
9.BLISTER PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
9.1.OVERVIEW
9.2.MATERIAL MARKET FORECASTS AND ANALYSIS
9.3.PLASTICS FILMS
9.3.1.Overview
9.3.2.Plastics Films Market Forecast and Analysis
9.4.PAPER AND PAPERBOARD
9.4.1.Overview
9.4.2.Paper and Paperboard Market Forecast and Analysis
9.5.ALUMINUM
9.5.1.Overview
9.5.2.Aluminum Market Forecast and Analysis
10.BLISTER PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
10.1.OVERVIEW
10.2.END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3.HEALTHCARE
10.3.1.Overview
10.3.2.Healthcare Market Forecast and Analysis
10.4.CONSUMER GOODS
10.4.1.Overview
10.4.2.Consumer Goods Market Forecast and Analysis
10.5.INDUSTRIAL GOODS
10.5.1.Overview
10.5.2.Industrial Goods Market Forecast and Analysis
10.6.FOOD
10.6.1.Overview
10.6.2.Food Market Forecast and Analysis
11.BLISTER PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Blister Packaging Market Overview
11.1.2North America Blister Packaging Market Forecasts and Analysis
11.1.3North America Blister Packaging Market Forecasts and Analysis - By Technology
11.1.4North America Blister Packaging Market Forecasts and Analysis - By Type
11.1.5North America Blister Packaging Market Forecasts and Analysis - By Material
11.1.6North America Blister Packaging Market Forecasts and Analysis - By End User Industry
11.1.7North America Blister Packaging Market Forecasts and Analysis - By Countries
11.1.7.1Canada Blister Packaging Market
11.1.7.1.1Canada Blister Packaging Market by Technology
11.1.7.1.2Canada Blister Packaging Market by Type
11.1.7.1.3Canada Blister Packaging Market by Material
11.1.7.1.4Canada Blister Packaging Market by End User Industry
11.1.7.2Mexico Blister Packaging Market
11.1.7.2.1Mexico Blister Packaging Market by Technology
11.1.7.2.2Mexico Blister Packaging Market by Type
11.1.7.2.3Mexico Blister Packaging Market by Material
11.1.7.2.4Mexico Blister Packaging Market by End User Industry
11.1.7.3US Blister Packaging Market
11.1.7.3.1US Blister Packaging Market by Technology
11.1.7.3.2US Blister Packaging Market by Type
11.1.7.3.3US Blister Packaging Market by Material
11.1.7.3.4US Blister Packaging Market by End User Industry
11.2.EUROPE
11.2.1Europe Blister Packaging Market Overview
11.2.2Europe Blister Packaging Market Forecasts and Analysis
11.2.3Europe Blister Packaging Market Forecasts and Analysis - By Technology
11.2.4Europe Blister Packaging Market Forecasts and Analysis - By Type
11.2.5Europe Blister Packaging Market Forecasts and Analysis - By Material
11.2.6Europe Blister Packaging Market Forecasts and Analysis - By End User Industry
11.2.7Europe Blister Packaging Market Forecasts and Analysis - By Countries
11.2.7.1Germany Blister Packaging Market
11.2.7.1.1Germany Blister Packaging Market by Technology
11.2.7.1.2Germany Blister Packaging Market by Type
11.2.7.1.3Germany Blister Packaging Market by Material
11.2.7.1.4Germany Blister Packaging Market by End User Industry
11.2.7.2France Blister Packaging Market
11.2.7.2.1France Blister Packaging Market by Technology
11.2.7.2.2France Blister Packaging Market by Type
11.2.7.2.3France Blister Packaging Market by Material
11.2.7.2.4France Blister Packaging Market by End User Industry
11.2.7.3Italy Blister Packaging Market
11.2.7.3.1Italy Blister Packaging Market by Technology
11.2.7.3.2Italy Blister Packaging Market by Type
11.2.7.3.3Italy Blister Packaging Market by Material
11.2.7.3.4Italy Blister Packaging Market by End User Industry
11.2.7.4United Kingdom Blister Packaging Market
11.2.7.4.1United Kingdom Blister Packaging Market by Technology
11.2.7.4.2United Kingdom Blister Packaging Market by Type
11.2.7.4.3United Kingdom Blister Packaging Market by Material
11.2.7.4.4United Kingdom Blister Packaging Market by End User Industry
11.2.7.5Russia Blister Packaging Market
11.2.7.5.1Russia Blister Packaging Market by Technology
11.2.7.5.2Russia Blister Packaging Market by Type
11.2.7.5.3Russia Blister Packaging Market by Material
11.2.7.5.4Russia Blister Packaging Market by End User Industry
11.2.7.6Rest of Europe Blister Packaging Market
11.2.7.6.1Rest of Europe Blister Packaging Market by Technology
11.2.7.6.2Rest of Europe Blister Packaging Market by Type
11.2.7.6.3Rest of Europe Blister Packaging Market by Material
11.2.7.6.4Rest of Europe Blister Packaging Market by End User Industry
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Blister Packaging Market Overview
11.3.2Asia-Pacific Blister Packaging Market Forecasts and Analysis
11.3.3Asia-Pacific Blister Packaging Market Forecasts and Analysis - By Technology
11.3.4Asia-Pacific Blister Packaging Market Forecasts and Analysis - By Type
11.3.5Asia-Pacific Blister Packaging Market Forecasts and Analysis - By Material
11.3.6Asia-Pacific Blister Packaging Market Forecasts and Analysis - By End User Industry
11.3.7Asia-Pacific Blister Packaging Market Forecasts and Analysis - By Countries
11.3.7.1Australia Blister Packaging Market
11.3.7.1.1Australia Blister Packaging Market by Technology
11.3.7.1.2Australia Blister Packaging Market by Type
11.3.7.1.3Australia Blister Packaging Market by Material
11.3.7.1.4Australia Blister Packaging Market by End User Industry
11.3.7.2China Blister Packaging Market
11.3.7.2.1China Blister Packaging Market by Technology
11.3.7.2.2China Blister Packaging Market by Type
11.3.7.2.3China Blister Packaging Market by Material
11.3.7.2.4China Blister Packaging Market by End User Industry
11.3.7.3India Blister Packaging Market
11.3.7.3.1India Blister Packaging Market by Technology
11.3.7.3.2India Blister Packaging Market by Type
11.3.7.3.3India Blister Packaging Market by Material
11.3.7.3.4India Blister Packaging Market by End User Industry
11.3.7.4Japan Blister Packaging Market
11.3.7.4.1Japan Blister Packaging Market by Technology
11.3.7.4.2Japan Blister Packaging Market by Type
11.3.7.4.3Japan Blister Packaging Market by Material
11.3.7.4.4Japan Blister Packaging Market by End User Industry
11.3.7.5South Korea Blister Packaging Market
11.3.7.5.1South Korea Blister Packaging Market by Technology
11.3.7.5.2South Korea Blister Packaging Market by Type
11.3.7.5.3South Korea Blister Packaging Market by Material
11.3.7.5.4South Korea Blister Packaging Market by End User Industry
11.3.7.6Rest of Asia-Pacific Blister Packaging Market
11.3.7.6.1Rest of Asia-Pacific Blister Packaging Market by Technology
11.3.7.6.2Rest of Asia-Pacific Blister Packaging Market by Type
11.3.7.6.3Rest of Asia-Pacific Blister Packaging Market by Material
11.3.7.6.4Rest of Asia-Pacific Blister Packaging Market by End User Industry
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Blister Packaging Market Overview
11.4.2Middle East and Africa Blister Packaging Market Forecasts and Analysis
11.4.3Middle East and Africa Blister Packaging Market Forecasts and Analysis - By Technology
11.4.4Middle East and Africa Blister Packaging Market Forecasts and Analysis - By Type
11.4.5Middle East and Africa Blister Packaging Market Forecasts and Analysis - By Material
11.4.6Middle East and Africa Blister Packaging Market Forecasts and Analysis - By End User Industry
11.4.7Middle East and Africa Blister Packaging Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Blister Packaging Market
11.4.7.1.1South Africa Blister Packaging Market by Technology
11.4.7.1.2South Africa Blister Packaging Market by Type
11.4.7.1.3South Africa Blister Packaging Market by Material
11.4.7.1.4South Africa Blister Packaging Market by End User Industry
11.4.7.2Saudi Arabia Blister Packaging Market
11.4.7.2.1Saudi Arabia Blister Packaging Market by Technology
11.4.7.2.2Saudi Arabia Blister Packaging Market by Type
11.4.7.2.3Saudi Arabia Blister Packaging Market by Material
11.4.7.2.4Saudi Arabia Blister Packaging Market by End User Industry
11.4.7.3U.A.E Blister Packaging Market
11.4.7.3.1U.A.E Blister Packaging Market by Technology
11.4.7.3.2U.A.E Blister Packaging Market by Type
11.4.7.3.3U.A.E Blister Packaging Market by Material
11.4.7.3.4U.A.E Blister Packaging Market by End User Industry
11.4.7.4Rest of Middle East and Africa Blister Packaging Market
11.4.7.4.1Rest of Middle East and Africa Blister Packaging Market by Technology
11.4.7.4.2Rest of Middle East and Africa Blister Packaging Market by Type
11.4.7.4.3Rest of Middle East and Africa Blister Packaging Market by Material
11.4.7.4.4Rest of Middle East and Africa Blister Packaging Market by End User Industry
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Blister Packaging Market Overview
11.5.2South and Central America Blister Packaging Market Forecasts and Analysis
11.5.3South and Central America Blister Packaging Market Forecasts and Analysis - By Technology
11.5.4South and Central America Blister Packaging Market Forecasts and Analysis - By Type
11.5.5South and Central America Blister Packaging Market Forecasts and Analysis - By Material
11.5.6South and Central America Blister Packaging Market Forecasts and Analysis - By End User Industry
11.5.7South and Central America Blister Packaging Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Blister Packaging Market
11.5.7.1.1Brazil Blister Packaging Market by Technology
11.5.7.1.2Brazil Blister Packaging Market by Type
11.5.7.1.3Brazil Blister Packaging Market by Material
11.5.7.1.4Brazil Blister Packaging Market by End User Industry
11.5.7.2Argentina Blister Packaging Market
11.5.7.2.1Argentina Blister Packaging Market by Technology
11.5.7.2.2Argentina Blister Packaging Market by Type
11.5.7.2.3Argentina Blister Packaging Market by Material
11.5.7.2.4Argentina Blister Packaging Market by End User Industry
11.5.7.3Rest of South and Central America Blister Packaging Market
11.5.7.3.1Rest of South and Central America Blister Packaging Market by Technology
11.5.7.3.2Rest of South and Central America Blister Packaging Market by Type
11.5.7.3.3Rest of South and Central America Blister Packaging Market by Material
11.5.7.3.4Rest of South and Central America Blister Packaging Market by End User Industry
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.BLISTER PACKAGING MARKET, KEY COMPANY PROFILES
13.1.AMCOR LIMITED
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.BEMIS COMPANY, INC.
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.CONSTANTIA FLEXIBLES GMBH
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.DISPLAY PACK, INC.
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.E.I.DU PONT DE NEMOURS AND COMPANY
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.KLOCKNER PENTAPLAST GROUP
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.SONOCO PRODUCTS COMPANY
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.TEKNI-PLEX, INC.
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.THE DOW CHEMICAL COMPANY
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.WESTROCK COMPANY
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.Amcor Limited
2.Bemis Company, Inc.
3.Constantia Flexibles GmbH
4.Display Pack, Inc.
5.E.I.Du Pont De Nemours and Company
6.Klockner Pentaplast Group
7.Sonoco Products Company
8.Tekni-Plex, Inc.
9.The DOW Chemical Company
10.Westrock Company
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.
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