Container Glass Market Overview and Forecast by 2031
The Container Glass Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Bottles, Jugs and Jars, Vials and Ampoules, and Others). The report is also segmented by Forming Process (Blow and Blow Method, Press and Blow Method, Narrow Neck Press and Blow), and End-Use Industry (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, Consumer Goods, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. 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 Container Glass 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.
Container Glass Market Segmentation
Product Type- Bottles
- Jugs and Jars
- Vials and Ampoules
- Blow and Blow Method
- Press and Blow Method
- Narrow Neck Press and Blow
- Food and Beverages
- Pharmaceuticals
- Personal Care and Cosmetics
- Consumer Goods
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Container Glass Market Growth Drivers- Rising Demand for Sustainable Container Glass: The container glass market is very much influenced by the increasing awareness of consumers towards sustainable packaging solutions. With an increase in environmental consciousness, more and more companies are resorting to glass packaging as it is not only eco-friendly but also helps in retaining the quality of the product packed. This is especially the case within the food and beverage industries.
- Container Glass Market Driven by FMCG: Mainly the container glass market is receiving an impetus due to growth in demand for fast moving consumers goods like packagers of food and beverages. With the change in consumer lifestyle and seeking convenience and products of high quality, glass packaging is being adopted much by the manufacturers to help in the aesthetic perceptions of the products as well as the preservation of the products which in turn leads to increased production and sale.
- Demand for Container Glass Market Driven by Alcohol Consumption: The container glass market is growing due to the increase in alcohol consumption especially in the consumption of spirits and beer. To maintain the taste and the quality glass bottles are used hence many brands opt for such type of packaging. This trend is more pronounced in developing countries where alcohol consumption is on the rise.
- Advancements Transforming Container Glass Production: The container glass market is undergoing a transformation into a more sophisticated mode of operation. The implementation of Automatic Production Lines and advanced melting technologies are improving production efficiency and decreasing production costs. These approaches not only improve the standards of the products but also aid in environmental conservation by reduced energy and material wastage.
- Demand for Premium Packaging: With the increasing of the standard of living, there is observed an increase in availability of premium packaging products in the container glass industry. There is a tendency among the brands to associate glass packaging with luxury and use it for enhancing the appeal of the product, especially in the food and beverage sectors. Such transformation influences the glass containers producers to equally come up with containers that are functional and attractive.
- Recycling Trends Driving Container Glass Industry: The container glass industry is influenced by the trends in recycling and the circular economy. In this case, both consumers and companies are putting more value on sustainability, creating an increase in demand for the supply of glass materials that has been recycled. This motivates them to include sustainable options in their manufacturing process i.e. the use of recycled materials in production, optimizing the use of resources and reducing pollution.
- Growth Opportunities in Container Glass Markets: Geographically speaking, there are plenty of untapped markets for container glass in the developing countries cub especially in the APAC region. As the world synergizes into urban centers, social classes elevate hence the growing need for packaged products such as food and drinks. In this regard, it gives the manufacturers an opportunity to venture into these expanding territories.
- Rising Demand for Customized Glass Containers: There is also the emerging need for the manufacturers to take advantage of the glass container trends on customization. Companies are striving to produce looking designs and custom made packages in order to stand out in a cut throat market. By introducing different shapes and colors as well as labeling, the purchasing power of consumers is increased together with the loyalty to the brand.
- Container Glass Demand in Pharmaceuticals: On the other hand, the container glass segment of the market will also be able to enjoy the upward trend in demand for packing in pharmaceutical industry. This is more so because glass jars are used in packaging to ensure that the efficacy of any such medicine is not compromised. Exploration of new spheres of specialized glass packages will be opened to manufacturers of such packing in line with expansion of pharmaceutical markets especially concerning biologics and vaccines.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Container Glass 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 Container Glass 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.
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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
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Customization and design innovation is one of the key opportunities for the market growth.
O-I Glass Inc, Frigoglass, Vitro, Corning Incorporated, Stevanato Group, SCHOTT, Gerresheimer Group, Ardagh Group SA, and Silver Spur Corporation are among the leading players operating in the container glass market.
Rising demand fron the fast moving consumer goods sector is driving the market growth
The Container Glass Market is estimated to witness a CAGR of 6% 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 Container Glass Market - By Container
1.3.2 Container Glass Market - By Forming Process
1.3.3 Container Glass Market - By End Use
1.3.4 Container Glass Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONTAINER GLASS 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. CONTAINER GLASS 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. CONTAINER GLASS MARKET - GLOBAL MARKET ANALYSIS
6.1. CONTAINER GLASS - GLOBAL MARKET OVERVIEW
6.2. CONTAINER GLASS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONTAINER GLASS MARKET - REVENUE AND FORECASTS TO 2028 - CONTAINER
7.1. OVERVIEW
7.2. CONTAINER MARKET FORECASTS AND ANALYSIS
7.3. BOTTLES
7.3.1. Overview
7.3.2. Bottles Market Forecast and Analysis
7.4. JARS
7.4.1. Overview
7.4.2. Jars Market Forecast and Analysis
7.5. VIALS AND AMPOULES
7.5.1. Overview
7.5.2. Vials and Ampoules Market Forecast and Analysis
8. CONTAINER GLASS MARKET - REVENUE AND FORECASTS TO 2028 - FORMING PROCESS
8.1. OVERVIEW
8.2. FORMING PROCESS MARKET FORECASTS AND ANALYSIS
8.3. BLOW AND BLOW FORMING
8.3.1. Overview
8.3.2. Blow and Blow Forming Market Forecast and Analysis
8.4. PRESS AND BLOW FORMING
8.4.1. Overview
8.4.2. Press and Blow Forming Market Forecast and Analysis
9. CONTAINER GLASS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. PACKAGING
9.3.1. Overview
9.3.2. Packaging Market Forecast and Analysis
9.4. PHARMACEUTICALS
9.4.1. Overview
9.4.2. Pharmaceuticals Market Forecast and Analysis
9.5. COSMETICS AND PERFUMERY
9.5.1. Overview
9.5.2. Cosmetics and Perfumery Market Forecast and Analysis
10. CONTAINER GLASS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Container Glass Market Overview
10.1.2 North America Container Glass Market Forecasts and Analysis
10.1.3 North America Container Glass Market Forecasts and Analysis - By Container
10.1.4 North America Container Glass Market Forecasts and Analysis - By Forming Process
10.1.5 North America Container Glass Market Forecasts and Analysis - By End Use
10.1.6 North America Container Glass Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Container Glass Market
10.1.6.1.1 Canada Container Glass Market by Container
10.1.6.1.2 Canada Container Glass Market by Forming Process
10.1.6.1.3 Canada Container Glass Market by End Use
10.1.6.2 Mexico Container Glass Market
10.1.6.2.1 Mexico Container Glass Market by Container
10.1.6.2.2 Mexico Container Glass Market by Forming Process
10.1.6.2.3 Mexico Container Glass Market by End Use
10.1.6.3 US Container Glass Market
10.1.6.3.1 US Container Glass Market by Container
10.1.6.3.2 US Container Glass Market by Forming Process
10.1.6.3.3 US Container Glass Market by End Use
10.2. EUROPE
10.2.1 Europe Container Glass Market Overview
10.2.2 Europe Container Glass Market Forecasts and Analysis
10.2.3 Europe Container Glass Market Forecasts and Analysis - By Container
10.2.4 Europe Container Glass Market Forecasts and Analysis - By Forming Process
10.2.5 Europe Container Glass Market Forecasts and Analysis - By End Use
10.2.6 Europe Container Glass Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Container Glass Market
10.2.6.1.1 Germany Container Glass Market by Container
10.2.6.1.2 Germany Container Glass Market by Forming Process
10.2.6.1.3 Germany Container Glass Market by End Use
10.2.6.2 France Container Glass Market
10.2.6.2.1 France Container Glass Market by Container
10.2.6.2.2 France Container Glass Market by Forming Process
10.2.6.2.3 France Container Glass Market by End Use
10.2.6.3 Italy Container Glass Market
10.2.6.3.1 Italy Container Glass Market by Container
10.2.6.3.2 Italy Container Glass Market by Forming Process
10.2.6.3.3 Italy Container Glass Market by End Use
10.2.6.4 United Kingdom Container Glass Market
10.2.6.4.1 United Kingdom Container Glass Market by Container
10.2.6.4.2 United Kingdom Container Glass Market by Forming Process
10.2.6.4.3 United Kingdom Container Glass Market by End Use
10.2.6.5 Russia Container Glass Market
10.2.6.5.1 Russia Container Glass Market by Container
10.2.6.5.2 Russia Container Glass Market by Forming Process
10.2.6.5.3 Russia Container Glass Market by End Use
10.2.6.6 Rest of Europe Container Glass Market
10.2.6.6.1 Rest of Europe Container Glass Market by Container
10.2.6.6.2 Rest of Europe Container Glass Market by Forming Process
10.2.6.6.3 Rest of Europe Container Glass Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Container Glass Market Overview
10.3.2 Asia-Pacific Container Glass Market Forecasts and Analysis
10.3.3 Asia-Pacific Container Glass Market Forecasts and Analysis - By Container
10.3.4 Asia-Pacific Container Glass Market Forecasts and Analysis - By Forming Process
10.3.5 Asia-Pacific Container Glass Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Container Glass Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Container Glass Market
10.3.6.1.1 Australia Container Glass Market by Container
10.3.6.1.2 Australia Container Glass Market by Forming Process
10.3.6.1.3 Australia Container Glass Market by End Use
10.3.6.2 China Container Glass Market
10.3.6.2.1 China Container Glass Market by Container
10.3.6.2.2 China Container Glass Market by Forming Process
10.3.6.2.3 China Container Glass Market by End Use
10.3.6.3 India Container Glass Market
10.3.6.3.1 India Container Glass Market by Container
10.3.6.3.2 India Container Glass Market by Forming Process
10.3.6.3.3 India Container Glass Market by End Use
10.3.6.4 Japan Container Glass Market
10.3.6.4.1 Japan Container Glass Market by Container
10.3.6.4.2 Japan Container Glass Market by Forming Process
10.3.6.4.3 Japan Container Glass Market by End Use
10.3.6.5 South Korea Container Glass Market
10.3.6.5.1 South Korea Container Glass Market by Container
10.3.6.5.2 South Korea Container Glass Market by Forming Process
10.3.6.5.3 South Korea Container Glass Market by End Use
10.3.6.6 Rest of Asia-Pacific Container Glass Market
10.3.6.6.1 Rest of Asia-Pacific Container Glass Market by Container
10.3.6.6.2 Rest of Asia-Pacific Container Glass Market by Forming Process
10.3.6.6.3 Rest of Asia-Pacific Container Glass Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Container Glass Market Overview
10.4.2 Middle East and Africa Container Glass Market Forecasts and Analysis
10.4.3 Middle East and Africa Container Glass Market Forecasts and Analysis - By Container
10.4.4 Middle East and Africa Container Glass Market Forecasts and Analysis - By Forming Process
10.4.5 Middle East and Africa Container Glass Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Container Glass Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Container Glass Market
10.4.6.1.1 South Africa Container Glass Market by Container
10.4.6.1.2 South Africa Container Glass Market by Forming Process
10.4.6.1.3 South Africa Container Glass Market by End Use
10.4.6.2 Saudi Arabia Container Glass Market
10.4.6.2.1 Saudi Arabia Container Glass Market by Container
10.4.6.2.2 Saudi Arabia Container Glass Market by Forming Process
10.4.6.2.3 Saudi Arabia Container Glass Market by End Use
10.4.6.3 U.A.E Container Glass Market
10.4.6.3.1 U.A.E Container Glass Market by Container
10.4.6.3.2 U.A.E Container Glass Market by Forming Process
10.4.6.3.3 U.A.E Container Glass Market by End Use
10.4.6.4 Rest of Middle East and Africa Container Glass Market
10.4.6.4.1 Rest of Middle East and Africa Container Glass Market by Container
10.4.6.4.2 Rest of Middle East and Africa Container Glass Market by Forming Process
10.4.6.4.3 Rest of Middle East and Africa Container Glass Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Container Glass Market Overview
10.5.2 South and Central America Container Glass Market Forecasts and Analysis
10.5.3 South and Central America Container Glass Market Forecasts and Analysis - By Container
10.5.4 South and Central America Container Glass Market Forecasts and Analysis - By Forming Process
10.5.5 South and Central America Container Glass Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Container Glass Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Container Glass Market
10.5.6.1.1 Brazil Container Glass Market by Container
10.5.6.1.2 Brazil Container Glass Market by Forming Process
10.5.6.1.3 Brazil Container Glass Market by End Use
10.5.6.2 Argentina Container Glass Market
10.5.6.2.1 Argentina Container Glass Market by Container
10.5.6.2.2 Argentina Container Glass Market by Forming Process
10.5.6.2.3 Argentina Container Glass Market by End Use
10.5.6.3 Rest of South and Central America Container Glass Market
10.5.6.3.1 Rest of South and Central America Container Glass Market by Container
10.5.6.3.2 Rest of South and Central America Container Glass Market by Forming Process
10.5.6.3.3 Rest of South and Central America Container Glass Market by End Use
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. CONTAINER GLASS MARKET, KEY COMPANY PROFILES
12.1. HINDUSTAN NATIONAL GLASS AND INDUSTRIES 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. NAMPAK 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. AMCOR PLC
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. TOYO GLASS CO. LTD
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. CONSOL GLASS
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. AGI GLASPAC
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. SAVERGLASS GROUP
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. O-I GLASS, INC.
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. ARDAGH GROUP S.A.
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. VIDRALA SA
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. Hindustan National Glass and Industries Limited
2. Nampak Ltd
3. Amcor Plc
4. Toyo Glass Co. Ltd
5. Consol Glass
6. AGI Glaspac
7. Saverglass Group
8. O-I Glass, Inc.
9. Ardagh Group S.A.
10. Vidrala SA
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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