The Botanical Pesticides Market is expected to register a CAGR of 10.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Botanical Pesticides Market report covers analysis by Type (Herbicides, Insecticides, Fungicides, Others); Active substance (Nicotine, Pyrethrin, Rotenone, Matrine, Azadirachtin); Crop type (Vegetables and fruits, Oilseeds and pulses, Turfs and ornamentals). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Botanical Pesticides 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.
Botanical Pesticides Market Segmentation
Type- Herbicides
- Insecticides
- Fungicides
- Others
- Nicotine
- Pyrethrin
- Rotenone
- Matrine
- Azadirachtin
- Vegetables and fruits
- Oilseeds and pulses
- Turfs and ornamentals
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Botanical Pesticides Market Growth Drivers- Growing demand for organic and sustainable agriculture: The increasing consumer preference for organic and sustainably produced food is driving the demand for botanical pesticides as an environmentally friendly alternative to synthetic chemicals.
- Stricter regulations on synthetic pesticides: The growing concerns about the environmental and human health impacts of synthetic pesticides are leading to stricter regulations on their use, boosting the demand for botanical alternatives.
- Rising awareness of environmental sustainability: Increasing awareness among farmers and consumers about the environmental impact of agriculture is driving the adoption of eco-friendly pest control methods, including the use of botanical pesticides.
- Advancements in extraction and formulation technologies: The development of more efficient and cost-effective extraction and formulation technologies will improve the efficacy and stability of botanical pesticides.
- Integration with other sustainable practices: Botanical pesticides will be increasingly integrated with other sustainable agricultural practices, such as integrated pest management (IPM) and precision agriculture.
- Focus on product innovation: The development of new and innovative botanical pesticide products, such as nano-encapsulated formulations and bio-pesticides derived from new plant sources, will drive market growth.
- Emerging markets: The growing demand for food in developing countries, coupled with the increasing awareness of sustainable agriculture, presents significant opportunities for the botanical pesticides market.
- Custom formulation and blending: The development of customized botanical pesticide formulations tailored to specific crop needs and pest pressures will offer significant market advantages.
- Partnerships with farmers and agricultural organizations: Collaborations with farmers, agricultural organizations, and research institutions will facilitate the adoption and effective use of botanical pesticides.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Botanical Pesticides 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 Botanical Pesticides 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
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Key companies in this market are: Arysta Lifescience Limited, BASF SE, Bayer AG, BioWorks Inc, Certis U S A LLC, Isagro SPA, Koppert B V, Sumitomo Chemical Co Ltd, The Dow Chemical Company.
Key future trends in this market are - Organic Farming and Eco-Friendly Pest Control, Advancements in Botanical Pesticide Formulation, Regulatory Support and Government Initiatives.
The Botanical Pesticides Market is estimated to witness a CAGR of 10.6% from 2023 to 2031.
The major factors driving the Botanical Pesticides Market are: Organic Farming Growth, Environmental and Health Concerns, Regulatory Support and Policies
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Botanical Pesticides Market - By Type
1.3.2 Botanical Pesticides Market - By Active substance
1.3.3 Botanical Pesticides Market - By Crop type
1.3.4 Botanical Pesticides Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BOTANICAL PESTICIDES 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. BOTANICAL PESTICIDES 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 AND RESTRAINTS
6. BOTANICAL PESTICIDES MARKET - GLOBAL MARKET ANALYSIS
6.1. BOTANICAL PESTICIDES - GLOBAL MARKET OVERVIEW
6.2. BOTANICAL PESTICIDES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BOTANICAL PESTICIDES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HERBICIDES
7.3.1. Overview
7.3.2. herbicides Market Forecast and Analysis
7.4. INSECTICIDES
7.4.1. Overview
7.4.2. insecticides Market Forecast and Analysis
7.5. FUNGICIDES
7.5.1. Overview
7.5.2. fungicides Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. others Market Forecast and Analysis
8. BOTANICAL PESTICIDES MARKET - REVENUE AND FORECASTS TO 2028 - ACTIVE SUBSTANCE
8.1. OVERVIEW
8.2. ACTIVE SUBSTANCE MARKET FORECASTS AND ANALYSIS
8.3. NICOTINE
8.3.1. Overview
8.3.2. nicotine Market Forecast and Analysis
8.4. PYRETHRIN
8.4.1. Overview
8.4.2. pyrethrin Market Forecast and Analysis
8.5. ROTENONE
8.5.1. Overview
8.5.2. rotenone Market Forecast and Analysis
8.6. MATRINE
8.6.1. Overview
8.6.2. matrine Market Forecast and Analysis
8.7. AZADIRACHTIN
8.7.1. Overview
8.7.2. azadirachtin Market Forecast and Analysis
9. BOTANICAL PESTICIDES MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
9.1. OVERVIEW
9.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
9.3. VEGETABLES AND FRUITS
9.3.1. Overview
9.3.2. vegetables and fruits Market Forecast and Analysis
9.4. OILSEEDS AND PULSES
9.4.1. Overview
9.4.2. oilseeds and pulses Market Forecast and Analysis
9.5. TURFS AND ORNAMENTALS.
9.5.1. Overview
9.5.2. turfs and ornamentals. Market Forecast and Analysis
10. BOTANICAL PESTICIDES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Botanical Pesticides Market Overview
10.1.2 North America Botanical Pesticides Market Forecasts and Analysis
10.1.3 North America Botanical Pesticides Market Forecasts and Analysis - By Type
10.1.4 North America Botanical Pesticides Market Forecasts and Analysis - By Active substance
10.1.5 North America Botanical Pesticides Market Forecasts and Analysis - By Crop type
10.1.6 North America Botanical Pesticides Market Forecasts and Analysis - By Countries
10.1.6.1 United States Botanical Pesticides Market
10.1.6.1.1 United States Botanical Pesticides Market by Type
10.1.6.1.2 United States Botanical Pesticides Market by Active substance
10.1.6.1.3 United States Botanical Pesticides Market by Crop type
10.1.6.2 Canada Botanical Pesticides Market
10.1.6.2.1 Canada Botanical Pesticides Market by Type
10.1.6.2.2 Canada Botanical Pesticides Market by Active substance
10.1.6.2.3 Canada Botanical Pesticides Market by Crop type
10.1.6.3 Mexico Botanical Pesticides Market
10.1.6.3.1 Mexico Botanical Pesticides Market by Type
10.1.6.3.2 Mexico Botanical Pesticides Market by Active substance
10.1.6.3.3 Mexico Botanical Pesticides Market by Crop type
10.2. EUROPE
10.2.1 Europe Botanical Pesticides Market Overview
10.2.2 Europe Botanical Pesticides Market Forecasts and Analysis
10.2.3 Europe Botanical Pesticides Market Forecasts and Analysis - By Type
10.2.4 Europe Botanical Pesticides Market Forecasts and Analysis - By Active substance
10.2.5 Europe Botanical Pesticides Market Forecasts and Analysis - By Crop type
10.2.6 Europe Botanical Pesticides Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Botanical Pesticides Market
10.2.6.1.1 Germany Botanical Pesticides Market by Type
10.2.6.1.2 Germany Botanical Pesticides Market by Active substance
10.2.6.1.3 Germany Botanical Pesticides Market by Crop type
10.2.6.2 France Botanical Pesticides Market
10.2.6.2.1 France Botanical Pesticides Market by Type
10.2.6.2.2 France Botanical Pesticides Market by Active substance
10.2.6.2.3 France Botanical Pesticides Market by Crop type
10.2.6.3 Italy Botanical Pesticides Market
10.2.6.3.1 Italy Botanical Pesticides Market by Type
10.2.6.3.2 Italy Botanical Pesticides Market by Active substance
10.2.6.3.3 Italy Botanical Pesticides Market by Crop type
10.2.6.4 United Kingdom Botanical Pesticides Market
10.2.6.4.1 United Kingdom Botanical Pesticides Market by Type
10.2.6.4.2 United Kingdom Botanical Pesticides Market by Active substance
10.2.6.4.3 United Kingdom Botanical Pesticides Market by Crop type
10.2.6.5 Russia Botanical Pesticides Market
10.2.6.5.1 Russia Botanical Pesticides Market by Type
10.2.6.5.2 Russia Botanical Pesticides Market by Active substance
10.2.6.5.3 Russia Botanical Pesticides Market by Crop type
10.2.6.6 Rest of Europe Botanical Pesticides Market
10.2.6.6.1 Rest of Europe Botanical Pesticides Market by Type
10.2.6.6.2 Rest of Europe Botanical Pesticides Market by Active substance
10.2.6.6.3 Rest of Europe Botanical Pesticides Market by Crop type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Botanical Pesticides Market Overview
10.3.2 Asia-Pacific Botanical Pesticides Market Forecasts and Analysis
10.3.3 Asia-Pacific Botanical Pesticides Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Botanical Pesticides Market Forecasts and Analysis - By Active substance
10.3.5 Asia-Pacific Botanical Pesticides Market Forecasts and Analysis - By Crop type
10.3.6 Asia-Pacific Botanical Pesticides Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Botanical Pesticides Market
10.3.6.1.1 Australia Botanical Pesticides Market by Type
10.3.6.1.2 Australia Botanical Pesticides Market by Active substance
10.3.6.1.3 Australia Botanical Pesticides Market by Crop type
10.3.6.2 China Botanical Pesticides Market
10.3.6.2.1 China Botanical Pesticides Market by Type
10.3.6.2.2 China Botanical Pesticides Market by Active substance
10.3.6.2.3 China Botanical Pesticides Market by Crop type
10.3.6.3 India Botanical Pesticides Market
10.3.6.3.1 India Botanical Pesticides Market by Type
10.3.6.3.2 India Botanical Pesticides Market by Active substance
10.3.6.3.3 India Botanical Pesticides Market by Crop type
10.3.6.4 Japan Botanical Pesticides Market
10.3.6.4.1 Japan Botanical Pesticides Market by Type
10.3.6.4.2 Japan Botanical Pesticides Market by Active substance
10.3.6.4.3 Japan Botanical Pesticides Market by Crop type
10.3.6.5 South Korea Botanical Pesticides Market
10.3.6.5.1 South Korea Botanical Pesticides Market by Type
10.3.6.5.2 South Korea Botanical Pesticides Market by Active substance
10.3.6.5.3 South Korea Botanical Pesticides Market by Crop type
10.3.6.6 Rest of Asia-Pacific Botanical Pesticides Market
10.3.6.6.1 Rest of Asia-Pacific Botanical Pesticides Market by Type
10.3.6.6.2 Rest of Asia-Pacific Botanical Pesticides Market by Active substance
10.3.6.6.3 Rest of Asia-Pacific Botanical Pesticides Market by Crop type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Botanical Pesticides Market Overview
10.4.2 Middle East and Africa Botanical Pesticides Market Forecasts and Analysis
10.4.3 Middle East and Africa Botanical Pesticides Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Botanical Pesticides Market Forecasts and Analysis - By Active substance
10.4.5 Middle East and Africa Botanical Pesticides Market Forecasts and Analysis - By Crop type
10.4.6 Middle East and Africa Botanical Pesticides Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Botanical Pesticides Market
10.4.6.1.1 South Africa Botanical Pesticides Market by Type
10.4.6.1.2 South Africa Botanical Pesticides Market by Active substance
10.4.6.1.3 South Africa Botanical Pesticides Market by Crop type
10.4.6.2 Saudi Arabia Botanical Pesticides Market
10.4.6.2.1 Saudi Arabia Botanical Pesticides Market by Type
10.4.6.2.2 Saudi Arabia Botanical Pesticides Market by Active substance
10.4.6.2.3 Saudi Arabia Botanical Pesticides Market by Crop type
10.4.6.3 U.A.E Botanical Pesticides Market
10.4.6.3.1 U.A.E Botanical Pesticides Market by Type
10.4.6.3.2 U.A.E Botanical Pesticides Market by Active substance
10.4.6.3.3 U.A.E Botanical Pesticides Market by Crop type
10.4.6.4 Rest of Middle East and Africa Botanical Pesticides Market
10.4.6.4.1 Rest of Middle East and Africa Botanical Pesticides Market by Type
10.4.6.4.2 Rest of Middle East and Africa Botanical Pesticides Market by Active substance
10.4.6.4.3 Rest of Middle East and Africa Botanical Pesticides Market by Crop type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Botanical Pesticides Market Overview
10.5.2 South and Central America Botanical Pesticides Market Forecasts and Analysis
10.5.3 South and Central America Botanical Pesticides Market Forecasts and Analysis - By Type
10.5.4 South and Central America Botanical Pesticides Market Forecasts and Analysis - By Active substance
10.5.5 South and Central America Botanical Pesticides Market Forecasts and Analysis - By Crop type
10.5.6 South and Central America Botanical Pesticides Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Botanical Pesticides Market
10.5.6.1.1 Brazil Botanical Pesticides Market by Type
10.5.6.1.2 Brazil Botanical Pesticides Market by Active substance
10.5.6.1.3 Brazil Botanical Pesticides Market by Crop type
10.5.6.2 Argentina Botanical Pesticides Market
10.5.6.2.1 Argentina Botanical Pesticides Market by Type
10.5.6.2.2 Argentina Botanical Pesticides Market by Active substance
10.5.6.2.3 Argentina Botanical Pesticides Market by Crop type
10.5.6.3 Rest of South and Central America Botanical Pesticides Market
10.5.6.3.1 Rest of South and Central America Botanical Pesticides Market by Type
10.5.6.3.2 Rest of South and Central America Botanical Pesticides Market by Active substance
10.5.6.3.3 Rest of South and Central America Botanical Pesticides Market by Crop type
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. BOTANICAL PESTICIDES MARKET, KEY COMPANY PROFILES
12.1. ARYSTA LIFESCIENCE LIMITED
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. BASF SE
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. BAYER AG
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. BIOWORKS 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. CERTIS U.S.A. LLC
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. ISAGRO SPA
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. KOPPERT B.V.
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. SUMITOMO CHEMICAL CO., LTD.
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. THE DOW CHEMICAL COMPANY
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. VOLKSCHEM CROP SCIENCE PVT. LTD.
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. Arysta Lifescience Limited
2. BASF SE
3. Bayer AG
4. BioWorks Inc
5. Certis U.S.A. LLC
6. Isagro SPA
7. Koppert B.V.
8. Sumitomo Chemical Co., Ltd.
9. The Dow Chemical Company
10. Volkschem Crop Science Pvt. Ltd.
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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