Bulk Bags Market Report and Analysis by 2031
The Bulk Bags Market is expected to register a CAGR of 4% 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 product type (type A, type B, type C and type D). The report further presents analysis based on design (U-panel bags, four side panels, baffle, circular/tabular and others). Based on end use industry, the market is segmented into (food and beverage, chemicals, building and construction, agriculture 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 Bulk Bags 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.
Bulk Bags Market Segmentation
Type- Type A
- Type B
- Type C and Type D
- U-Panel Bags
- Four Side Panels
- Baffle
- Circular/Tabular and Others
- Food and Beverage
- Chemicals
- Building and Construction
- Agriculture and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Bulk Bags Market Growth Drivers- Rising Demand for Bulk Bags in Agriculture: The agricultural sector remains one of the biggest end-users of bulk bags due to rising requirement to store and transport grains, fertilizers and other agricultural products. Due to the increasing world population, the demand for food products has been rising, which has led to a growing demand for improved packaging solutions. These bags possess several properties such as high strength and moisture-proof characteristics. The shift to modern farming practices drives the utilization of eco-friendly bulk bags.
- Construction Industry Driving Bulk Bag Growth: The growth of construction activities also remains a major factor fuelling the growth of the bulk bags market. Bulk bags have extensive application associated with bulk transportation of construction materials like sand, gravel, cement and others. Increase in urbanization is prompting more structural development as more infrastructure projects continue to be rolled out. This enhanced performance of material bags help in reducing waste and enhancing operation efficiency, hence making the bags ideal for contractors and builders who aim to optimize their processes.
- Improved Logistics and Cost Efficiency with Bulk Bags: Companies aim at enhancing their operational logistics in order to cut on costs and make the supply chain more effective. With bulk bags, transportation of goods in bulk becomes easier thereby minimizing packaging needs and making better use of limited available storage.
- Sustainability Driving Innovation in Bulk Bags: Sustainability is a growing trend in the packaging industry. Manufacturers focus on producing environmentally friendly bulk bags made from biodegradable or recyclable materials. This shift is being driven by consumer demand for sustainable products and regulatory pressure to reduce plastic waste. Companies that adopt sustainable practices in their bulk bag offerings can differentiate themselves in the market and attract environmentally conscious consumers.
- Advancements in Material Science for Bulk Bags: The advancement in the material science has contributed to the production of high quality bulk provided bags. Advanced polymers and composite materials that improve the weight-to-strength ratio of bulk bag, makes them tough to sustain extreme weights and withstand extreme weather conditions.
- Smart Packaging Technology Revolutionizing Bulk Bags: Next generation smart packaging technology is expected to revolutionize the bulk bags market. Bulk bags manufacturers are progressively aiming to utilize RFID tags and QR codes for tracking and managing inventories. Such techniques allow for monitoring of the contents inside the bags in real time thereby enhancing supply chain efficiency and minimizing losses. With the growing need of most companies to employ technology in order to enhance their operations efficiency, the demand for smart bulk bags is poised to increase.
- Tailored Bulk Bags Offer Lucrative Market Opportunities: Development of bulk bag tailored to specific industry requirements offers lucrative opportunity for manufacturers. For instance, hazardous materials bags, food grade industrial packaging bags, and temperature control product bags have the potential of serving particular industry. These innovative product offerings boosts the competitiveness of key market players as well as broadens the customer reach.
- Growth Potential in Emerging Markets for Bulk Bags: The market for bulk bags in developed regions and particularly emerging markets has a huge potential for growth. The upsurge in industrialization and urbanization in countries in the Asia pacific, Latin America and Africa, is anicipated to fuel the demand for bulk packing solutions. This factor presents an opportunity for manufacturers engaed in domestic production to expand in the growing markets.
- Green Alternatives and Recycling Boost Bulk Bag Innovation: The shift towards green alternatives also creates opportunity for bulk bag manufacturers to develop new solutions, which can lead to the introduction of recycling activities for the benefit of waste minimization and circularity. It can therefore be seen that providing these services can be beneficial to the brand image and aid in attracting customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bulk Bags 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 Bulk Bags 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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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
The Bulk Bags Market is estimated to witness a CAGR of 4% from 2023 to 2031
Rising demand in agriculture industry and growth in the constructon industry are driving the market growth
AmeriGlobe LLC; Berry Group; Emmbi Industries Ltd; Greif Inc; Halsted Corporation; LC Packaging International BV are some of the key players operating in the bulk bags market
Based on end use industry, the food and beverage segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the bulk bags market due to growth in construction and food processing industries
Advancement in material technology 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
1.3.1 Bulk Bags Market - By Capacity
1.3.2 Bulk Bags Market - By Fabric Type
1.3.3 Bulk Bags Market - By Design
1.3.4 Bulk Bags Market - By End Use Industry
1.3.5 Bulk Bags Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BULK BAGS 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. BULK BAGS 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. BULK BAGS MARKET - GLOBAL MARKET ANALYSIS
6.1. BULK BAGS - GLOBAL MARKET OVERVIEW
6.2. BULK BAGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BULK BAGS MARKET - REVENUE AND FORECASTS TO 2028 - CAPACITY
7.1. OVERVIEW
7.2. CAPACITY MARKET FORECASTS AND ANALYSIS
7.3. SMALL
7.3.1. Overview
7.3.2. Small Market Forecast and Analysis
7.4. MEDIUM
7.4.1. Overview
7.4.2. Medium Market Forecast and Analysis
7.5. LARGE
7.5.1. Overview
7.5.2. Large Market Forecast and Analysis
8. BULK BAGS MARKET - REVENUE AND FORECASTS TO 2028 - FABRIC TYPE
8.1. OVERVIEW
8.2. FABRIC TYPE MARKET FORECASTS AND ANALYSIS
8.3. TYPE A
8.3.1. Overview
8.3.2. Type A Market Forecast and Analysis
8.4. TYPE B
8.4.1. Overview
8.4.2. Type B Market Forecast and Analysis
8.5. TYPE C
8.5.1. Overview
8.5.2. Type C Market Forecast and Analysis
8.6. TYPE D
8.6.1. Overview
8.6.2. Type D Market Forecast and Analysis
9. BULK BAGS MARKET - REVENUE AND FORECASTS TO 2028 - DESIGN
9.1. OVERVIEW
9.2. DESIGN MARKET FORECASTS AND ANALYSIS
9.3. U-PANEL BAGS
9.3.1. Overview
9.3.2. U-Panel Bags Market Forecast and Analysis
9.4. FOUR SIDE PANELS
9.4.1. Overview
9.4.2. Four Side Panels Market Forecast and Analysis
9.5. BAFFLES
9.5.1. Overview
9.5.2. Baffles Market Forecast and Analysis
9.6. CIRCULAR/ TABULAR
9.6.1. Overview
9.6.2. Circular/ Tabular Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. BULK BAGS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
10.1. OVERVIEW
10.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. CHEMICALS AND FERTILIZERS
10.3.1. Overview
10.3.2. Chemicals and Fertilizers Market Forecast and Analysis
10.4. FOOD
10.4.1. Overview
10.4.2. Food Market Forecast and Analysis
10.5. CONSTRUCTION
10.5.1. Overview
10.5.2. Construction Market Forecast and Analysis
10.6. PHARMACEUTICALS
10.6.1. Overview
10.6.2. Pharmaceuticals Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. BULK BAGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Bulk Bags Market Overview
11.1.2 North America Bulk Bags Market Forecasts and Analysis
11.1.3 North America Bulk Bags Market Forecasts and Analysis - By Capacity
11.1.4 North America Bulk Bags Market Forecasts and Analysis - By Fabric Type
11.1.5 North America Bulk Bags Market Forecasts and Analysis - By Design
11.1.6 North America Bulk Bags Market Forecasts and Analysis - By End Use Industry
11.1.7 North America Bulk Bags Market Forecasts and Analysis - By Countries
11.1.7.1 United States Bulk Bags Market
11.1.7.1.1 United States Bulk Bags Market by Capacity
11.1.7.1.2 United States Bulk Bags Market by Fabric Type
11.1.7.1.3 United States Bulk Bags Market by Design
11.1.7.1.4 United States Bulk Bags Market by End Use Industry
11.1.7.2 Canada Bulk Bags Market
11.1.7.2.1 Canada Bulk Bags Market by Capacity
11.1.7.2.2 Canada Bulk Bags Market by Fabric Type
11.1.7.2.3 Canada Bulk Bags Market by Design
11.1.7.2.4 Canada Bulk Bags Market by End Use Industry
11.1.7.3 Mexico Bulk Bags Market
11.1.7.3.1 Mexico Bulk Bags Market by Capacity
11.1.7.3.2 Mexico Bulk Bags Market by Fabric Type
11.1.7.3.3 Mexico Bulk Bags Market by Design
11.1.7.3.4 Mexico Bulk Bags Market by End Use Industry
11.2. EUROPE
11.2.1 Europe Bulk Bags Market Overview
11.2.2 Europe Bulk Bags Market Forecasts and Analysis
11.2.3 Europe Bulk Bags Market Forecasts and Analysis - By Capacity
11.2.4 Europe Bulk Bags Market Forecasts and Analysis - By Fabric Type
11.2.5 Europe Bulk Bags Market Forecasts and Analysis - By Design
11.2.6 Europe Bulk Bags Market Forecasts and Analysis - By End Use Industry
11.2.7 Europe Bulk Bags Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Bulk Bags Market
11.2.7.1.1 Germany Bulk Bags Market by Capacity
11.2.7.1.2 Germany Bulk Bags Market by Fabric Type
11.2.7.1.3 Germany Bulk Bags Market by Design
11.2.7.1.4 Germany Bulk Bags Market by End Use Industry
11.2.7.2 France Bulk Bags Market
11.2.7.2.1 France Bulk Bags Market by Capacity
11.2.7.2.2 France Bulk Bags Market by Fabric Type
11.2.7.2.3 France Bulk Bags Market by Design
11.2.7.2.4 France Bulk Bags Market by End Use Industry
11.2.7.3 Italy Bulk Bags Market
11.2.7.3.1 Italy Bulk Bags Market by Capacity
11.2.7.3.2 Italy Bulk Bags Market by Fabric Type
11.2.7.3.3 Italy Bulk Bags Market by Design
11.2.7.3.4 Italy Bulk Bags Market by End Use Industry
11.2.7.4 United Kingdom Bulk Bags Market
11.2.7.4.1 United Kingdom Bulk Bags Market by Capacity
11.2.7.4.2 United Kingdom Bulk Bags Market by Fabric Type
11.2.7.4.3 United Kingdom Bulk Bags Market by Design
11.2.7.4.4 United Kingdom Bulk Bags Market by End Use Industry
11.2.7.5 Russia Bulk Bags Market
11.2.7.5.1 Russia Bulk Bags Market by Capacity
11.2.7.5.2 Russia Bulk Bags Market by Fabric Type
11.2.7.5.3 Russia Bulk Bags Market by Design
11.2.7.5.4 Russia Bulk Bags Market by End Use Industry
11.2.7.6 Rest of Europe Bulk Bags Market
11.2.7.6.1 Rest of Europe Bulk Bags Market by Capacity
11.2.7.6.2 Rest of Europe Bulk Bags Market by Fabric Type
11.2.7.6.3 Rest of Europe Bulk Bags Market by Design
11.2.7.6.4 Rest of Europe Bulk Bags Market by End Use Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Bulk Bags Market Overview
11.3.2 Asia-Pacific Bulk Bags Market Forecasts and Analysis
11.3.3 Asia-Pacific Bulk Bags Market Forecasts and Analysis - By Capacity
11.3.4 Asia-Pacific Bulk Bags Market Forecasts and Analysis - By Fabric Type
11.3.5 Asia-Pacific Bulk Bags Market Forecasts and Analysis - By Design
11.3.6 Asia-Pacific Bulk Bags Market Forecasts and Analysis - By End Use Industry
11.3.7 Asia-Pacific Bulk Bags Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Bulk Bags Market
11.3.7.1.1 Australia Bulk Bags Market by Capacity
11.3.7.1.2 Australia Bulk Bags Market by Fabric Type
11.3.7.1.3 Australia Bulk Bags Market by Design
11.3.7.1.4 Australia Bulk Bags Market by End Use Industry
11.3.7.2 China Bulk Bags Market
11.3.7.2.1 China Bulk Bags Market by Capacity
11.3.7.2.2 China Bulk Bags Market by Fabric Type
11.3.7.2.3 China Bulk Bags Market by Design
11.3.7.2.4 China Bulk Bags Market by End Use Industry
11.3.7.3 India Bulk Bags Market
11.3.7.3.1 India Bulk Bags Market by Capacity
11.3.7.3.2 India Bulk Bags Market by Fabric Type
11.3.7.3.3 India Bulk Bags Market by Design
11.3.7.3.4 India Bulk Bags Market by End Use Industry
11.3.7.4 Japan Bulk Bags Market
11.3.7.4.1 Japan Bulk Bags Market by Capacity
11.3.7.4.2 Japan Bulk Bags Market by Fabric Type
11.3.7.4.3 Japan Bulk Bags Market by Design
11.3.7.4.4 Japan Bulk Bags Market by End Use Industry
11.3.7.5 South Korea Bulk Bags Market
11.3.7.5.1 South Korea Bulk Bags Market by Capacity
11.3.7.5.2 South Korea Bulk Bags Market by Fabric Type
11.3.7.5.3 South Korea Bulk Bags Market by Design
11.3.7.5.4 South Korea Bulk Bags Market by End Use Industry
11.3.7.6 Rest of Asia-Pacific Bulk Bags Market
11.3.7.6.1 Rest of Asia-Pacific Bulk Bags Market by Capacity
11.3.7.6.2 Rest of Asia-Pacific Bulk Bags Market by Fabric Type
11.3.7.6.3 Rest of Asia-Pacific Bulk Bags Market by Design
11.3.7.6.4 Rest of Asia-Pacific Bulk Bags Market by End Use Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Bulk Bags Market Overview
11.4.2 Middle East and Africa Bulk Bags Market Forecasts and Analysis
11.4.3 Middle East and Africa Bulk Bags Market Forecasts and Analysis - By Capacity
11.4.4 Middle East and Africa Bulk Bags Market Forecasts and Analysis - By Fabric Type
11.4.5 Middle East and Africa Bulk Bags Market Forecasts and Analysis - By Design
11.4.6 Middle East and Africa Bulk Bags Market Forecasts and Analysis - By End Use Industry
11.4.7 Middle East and Africa Bulk Bags Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Bulk Bags Market
11.4.7.1.1 South Africa Bulk Bags Market by Capacity
11.4.7.1.2 South Africa Bulk Bags Market by Fabric Type
11.4.7.1.3 South Africa Bulk Bags Market by Design
11.4.7.1.4 South Africa Bulk Bags Market by End Use Industry
11.4.7.2 Saudi Arabia Bulk Bags Market
11.4.7.2.1 Saudi Arabia Bulk Bags Market by Capacity
11.4.7.2.2 Saudi Arabia Bulk Bags Market by Fabric Type
11.4.7.2.3 Saudi Arabia Bulk Bags Market by Design
11.4.7.2.4 Saudi Arabia Bulk Bags Market by End Use Industry
11.4.7.3 U.A.E Bulk Bags Market
11.4.7.3.1 U.A.E Bulk Bags Market by Capacity
11.4.7.3.2 U.A.E Bulk Bags Market by Fabric Type
11.4.7.3.3 U.A.E Bulk Bags Market by Design
11.4.7.3.4 U.A.E Bulk Bags Market by End Use Industry
11.4.7.4 Rest of Middle East and Africa Bulk Bags Market
11.4.7.4.1 Rest of Middle East and Africa Bulk Bags Market by Capacity
11.4.7.4.2 Rest of Middle East and Africa Bulk Bags Market by Fabric Type
11.4.7.4.3 Rest of Middle East and Africa Bulk Bags Market by Design
11.4.7.4.4 Rest of Middle East and Africa Bulk Bags Market by End Use Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Bulk Bags Market Overview
11.5.2 South and Central America Bulk Bags Market Forecasts and Analysis
11.5.3 South and Central America Bulk Bags Market Forecasts and Analysis - By Capacity
11.5.4 South and Central America Bulk Bags Market Forecasts and Analysis - By Fabric Type
11.5.5 South and Central America Bulk Bags Market Forecasts and Analysis - By Design
11.5.6 South and Central America Bulk Bags Market Forecasts and Analysis - By End Use Industry
11.5.7 South and Central America Bulk Bags Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Bulk Bags Market
11.5.7.1.1 Brazil Bulk Bags Market by Capacity
11.5.7.1.2 Brazil Bulk Bags Market by Fabric Type
11.5.7.1.3 Brazil Bulk Bags Market by Design
11.5.7.1.4 Brazil Bulk Bags Market by End Use Industry
11.5.7.2 Argentina Bulk Bags Market
11.5.7.2.1 Argentina Bulk Bags Market by Capacity
11.5.7.2.2 Argentina Bulk Bags Market by Fabric Type
11.5.7.2.3 Argentina Bulk Bags Market by Design
11.5.7.2.4 Argentina Bulk Bags Market by End Use Industry
11.5.7.3 Rest of South and Central America Bulk Bags Market
11.5.7.3.1 Rest of South and Central America Bulk Bags Market by Capacity
11.5.7.3.2 Rest of South and Central America Bulk Bags Market by Fabric Type
11.5.7.3.3 Rest of South and Central America Bulk Bags Market by Design
11.5.7.3.4 Rest of South and Central America Bulk Bags Market by End Use 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. BULK BAGS MARKET, KEY COMPANY PROFILES
13.1. AMERIGLOBE L.L.C
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. BAG CORP
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. BERRY GLOBAL GROUP, INC
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. BULK LIFT INTERNATIONAL
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. CONITEX SONOCO
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. EMMBI INDUSTRIES LTD
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. GREIF INC
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. HALSTED CORPORATION
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. INTERTAPE POLYMER GROUP (IPG)
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. LC PACKAGING INTERNATIONAL BV
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. AmeriGlobe L.L.C
2. BAG Corp
3. Berry Global Group, Inc
4. Bulk Lift International
5. Conitex Sonoco
6. Emmbi Industries Ltd
7. Greif Inc
8. Halsted Corporation
9. Intertape Polymer Group (IPG)
10. LC Packaging International BV
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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