Edible Packaging Market Size (2021-2031) and Regional Overview
The Edible Packaging Market is expected to register a CAGR of 5% 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 raw material (seaweed and algae, polysaccharides, lipids, others). The report further presents analysis based on application [food and beverages (bakery and confectionery, beverages, meat poultry and seafood products, others), pharmaceuticals and nutraceuticals]. Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The report offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Edible 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.
Edible Packaging Market Segmentation
Raw Material- Seaweeds and Algae
- Polysaccharides
- Lipids
- Food and Beverages
- Pharmaceuticals
- Nutraceuticals
Strategic Insights
Edible Packaging Market Growth Drivers- Growing Demand for Eco-Friendly Edible Packaging: Consumers and businesses are today looking for green alternatives against traditional forms of packaging, and that has made edible packaging a sustainable options using natural materials, such as seaweed, rice, or starch to reduce wastage in packaging which can be of real attraction towards eco-friendly consumers and brands.
- Edible Packaging as a Safer, Non-Toxic Alternative: There are already mounting medical concerns over making packaging with chemicals, which has again led to edible packaging as a very safe and non-toxic option. This negates concerns of chemicals leaching from plastic into foods-the exact consumer mindset of preferring healthier, more natural products; thus propel the edible packaging market for growth.
- Advancements in Food Science Driving Edible Packaging Growth: Indeed, there are advancements made in food science and technologies for evolving new edible packaging materials. These technologies add to the shelf life of packaging edible materials, their functionality, and also improve taste for edible products, thus speeding market growth through applications in many food products.
- Sustainability with Vegetable-Based Edible Packaging: The edible packaging trend is increasingly leaning toward the use of vegetable ingredients such as seaweed, rice, and potato starch. These materials are highly sustainable, biodegradable, and meet consumer demands for environmentally-friendly, renewable, and waste-reducing alternative packaging materials.
- Enhancing Health Benefits with Functional Edible Packaging: With the incorporation of antioxidants, vitamins, or probiotics, edible packaging becomes endowed with functional food properties. This novelty further augments health benefits within the envelope thereby providing value to consumers and increasing prospects for brands to innovatively develop functional-with-nutrition-enhancing packaging solutions.
- Customization for Branding and Consumer Experience: As the market continues to change, growing trends exist in customizing edible packaging for food products to meet their visual and anatomical branding features. Customized forms, colors, and designs are gaining popularity: an opportunity for brands to differentiate themselves from the rest and add value for the consumer experience.
- Edible Packaging as a Growing Market Niche: Consumption of edible packaging is emerging as a very promising market niche, especially in the food and beverage realm, dictating that such market exercise a lot of potential growth. This is where such companies come in and ride on what people are looking for in an increasingly waste-reducing solution: a package that performs well but can also be described as environment-friendly.
- The Demand for Healthy Products Fuels Edible Packaging Innovation: That changing trend of consumption of healthy products, which includes snacks that are organic, protein gels, and supplements, has opened an opportunity for edible packaging. It gives a very innovative way to make a product appealing while it fills with the phenomenal demand for more natural and safe solutions, not to mention sustainable.
- Government Regulations and Incentives Drive Adoption of Eco-Friendly Packaging: Economic models that substitute deep-based amalgamation edibles are left open by the Government considering much stricter restrictions, now on marketable waste and even use of plastics at general. Adoption of such technologies in the current changes would bring profits to such organizations through the incentives availed under regulations, and customer loyalty would create a built-in market for the firm as it makes its packaging green.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Edible 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 Edible 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
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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 Edible Packaging Market is estimated to witness a CAGR of 5% from 2023 to 2031
Edible packaging, made from natural materials like seaweed, rice, or starch, offers a sustainable option that reduces waste, making it an attractive choice for environmentally-conscious consumers and brands. Which is driving the growth of the edible packaging market.
On the basis of geography, theedible packaging market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Avani Eco, Devro PLC, Envi Green Biotech Pvt Ltd, Evoware, Incredible Foods Inc., JRF Technology, LLC, Monosol LLC, Nagase America LLC., Notpla Limited are the key players operating in the edible packaging market.
Based on geography, North America held the largest share of the edible packaging market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Edible Packaging Market - By Source
1.3.2 Edible Packaging Market - By Raw Material
1.3.3 Edible Packaging Market - By End Use
1.3.4 Edible Packaging Market - By Packaging Process and System
1.3.5 Edible Packaging Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EDIBLE PACKAGING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. EDIBLE 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. EDIBLE PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. EDIBLE PACKAGING - GLOBAL MARKET OVERVIEW
6.2. EDIBLE PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EDIBLE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. PLANT
7.3.1. Overview
7.3.2. Plant Market Forecast and Analysis
7.4. ANIMAL
7.4.1. Overview
7.4.2. Animal Market Forecast and Analysis
8. EDIBLE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
8.1. OVERVIEW
8.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. SEAWEEDS AND ALGAE
8.3.1. Overview
8.3.2. Seaweeds and Algae Market Forecast and Analysis
8.4. POLYSACCHARIDES
8.4.1. Overview
8.4.2. Polysaccharides Market Forecast and Analysis
8.5. LIPIDS
8.5.1. Overview
8.5.2. Lipids Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. EDIBLE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. FOOD AND BEVERAGES
9.3.1. Overview
9.3.2. Food and Beverages Market Forecast and Analysis
9.4. PHARMACEUTICALS
9.4.1. Overview
9.4.2. Pharmaceuticals Market Forecast and Analysis
10. EDIBLE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING PROCESS AND SYSTEM
10.1. OVERVIEW
10.2. PACKAGING PROCESS AND SYSTEM MARKET FORECASTS AND ANALYSIS
10.3. ANTIMICROBIAL
10.3.1. Overview
10.3.2. Antimicrobial Market Forecast and Analysis
10.4. NANOTECHNOLOGY
10.4.1. Overview
10.4.2. Nanotechnology Market Forecast and Analysis
10.5. ELECTROHYDRODYNAMICS
10.5.1. Overview
10.5.2. Electrohydrodynamics Market Forecast and Analysis
10.6. COATINGS
10.6.1. Overview
10.6.2. Coatings Market Forecast and Analysis
10.7. MICROBIALS
10.7.1. Overview
10.7.2. Microbials Market Forecast and Analysis
11. EDIBLE PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Edible Packaging Market Overview
11.1.2 North America Edible Packaging Market Forecasts and Analysis
11.1.3 North America Edible Packaging Market Forecasts and Analysis - By Source
11.1.4 North America Edible Packaging Market Forecasts and Analysis - By Raw Material
11.1.5 North America Edible Packaging Market Forecasts and Analysis - By End Use
11.1.6 North America Edible Packaging Market Forecasts and Analysis - By Packaging Process and System
11.1.7 North America Edible Packaging Market Forecasts and Analysis - By Countries
11.1.7.1 United States Edible Packaging Market
11.1.7.1.1 United States Edible Packaging Market by Source
11.1.7.1.2 United States Edible Packaging Market by Raw Material
11.1.7.1.3 United States Edible Packaging Market by End Use
11.1.7.1.4 United States Edible Packaging Market by Packaging Process and System
11.1.7.2 Canada Edible Packaging Market
11.1.7.2.1 Canada Edible Packaging Market by Source
11.1.7.2.2 Canada Edible Packaging Market by Raw Material
11.1.7.2.3 Canada Edible Packaging Market by End Use
11.1.7.2.4 Canada Edible Packaging Market by Packaging Process and System
11.1.7.3 Mexico Edible Packaging Market
11.1.7.3.1 Mexico Edible Packaging Market by Source
11.1.7.3.2 Mexico Edible Packaging Market by Raw Material
11.1.7.3.3 Mexico Edible Packaging Market by End Use
11.1.7.3.4 Mexico Edible Packaging Market by Packaging Process and System
11.2. EUROPE
11.2.1 Europe Edible Packaging Market Overview
11.2.2 Europe Edible Packaging Market Forecasts and Analysis
11.2.3 Europe Edible Packaging Market Forecasts and Analysis - By Source
11.2.4 Europe Edible Packaging Market Forecasts and Analysis - By Raw Material
11.2.5 Europe Edible Packaging Market Forecasts and Analysis - By End Use
11.2.6 Europe Edible Packaging Market Forecasts and Analysis - By Packaging Process and System
11.2.7 Europe Edible Packaging Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Edible Packaging Market
11.2.7.1.1 Germany Edible Packaging Market by Source
11.2.7.1.2 Germany Edible Packaging Market by Raw Material
11.2.7.1.3 Germany Edible Packaging Market by End Use
11.2.7.1.4 Germany Edible Packaging Market by Packaging Process and System
11.2.7.2 France Edible Packaging Market
11.2.7.2.1 France Edible Packaging Market by Source
11.2.7.2.2 France Edible Packaging Market by Raw Material
11.2.7.2.3 France Edible Packaging Market by End Use
11.2.7.2.4 France Edible Packaging Market by Packaging Process and System
11.2.7.3 Italy Edible Packaging Market
11.2.7.3.1 Italy Edible Packaging Market by Source
11.2.7.3.2 Italy Edible Packaging Market by Raw Material
11.2.7.3.3 Italy Edible Packaging Market by End Use
11.2.7.3.4 Italy Edible Packaging Market by Packaging Process and System
11.2.7.4 United Kingdom Edible Packaging Market
11.2.7.4.1 United Kingdom Edible Packaging Market by Source
11.2.7.4.2 United Kingdom Edible Packaging Market by Raw Material
11.2.7.4.3 United Kingdom Edible Packaging Market by End Use
11.2.7.4.4 United Kingdom Edible Packaging Market by Packaging Process and System
11.2.7.5 Russia Edible Packaging Market
11.2.7.5.1 Russia Edible Packaging Market by Source
11.2.7.5.2 Russia Edible Packaging Market by Raw Material
11.2.7.5.3 Russia Edible Packaging Market by End Use
11.2.7.5.4 Russia Edible Packaging Market by Packaging Process and System
11.2.7.6 Rest of Europe Edible Packaging Market
11.2.7.6.1 Rest of Europe Edible Packaging Market by Source
11.2.7.6.2 Rest of Europe Edible Packaging Market by Raw Material
11.2.7.6.3 Rest of Europe Edible Packaging Market by End Use
11.2.7.6.4 Rest of Europe Edible Packaging Market by Packaging Process and System
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Edible Packaging Market Overview
11.3.2 Asia-Pacific Edible Packaging Market Forecasts and Analysis
11.3.3 Asia-Pacific Edible Packaging Market Forecasts and Analysis - By Source
11.3.4 Asia-Pacific Edible Packaging Market Forecasts and Analysis - By Raw Material
11.3.5 Asia-Pacific Edible Packaging Market Forecasts and Analysis - By End Use
11.3.6 Asia-Pacific Edible Packaging Market Forecasts and Analysis - By Packaging Process and System
11.3.7 Asia-Pacific Edible Packaging Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Edible Packaging Market
11.3.7.1.1 Australia Edible Packaging Market by Source
11.3.7.1.2 Australia Edible Packaging Market by Raw Material
11.3.7.1.3 Australia Edible Packaging Market by End Use
11.3.7.1.4 Australia Edible Packaging Market by Packaging Process and System
11.3.7.2 China Edible Packaging Market
11.3.7.2.1 China Edible Packaging Market by Source
11.3.7.2.2 China Edible Packaging Market by Raw Material
11.3.7.2.3 China Edible Packaging Market by End Use
11.3.7.2.4 China Edible Packaging Market by Packaging Process and System
11.3.7.3 India Edible Packaging Market
11.3.7.3.1 India Edible Packaging Market by Source
11.3.7.3.2 India Edible Packaging Market by Raw Material
11.3.7.3.3 India Edible Packaging Market by End Use
11.3.7.3.4 India Edible Packaging Market by Packaging Process and System
11.3.7.4 Japan Edible Packaging Market
11.3.7.4.1 Japan Edible Packaging Market by Source
11.3.7.4.2 Japan Edible Packaging Market by Raw Material
11.3.7.4.3 Japan Edible Packaging Market by End Use
11.3.7.4.4 Japan Edible Packaging Market by Packaging Process and System
11.3.7.5 South Korea Edible Packaging Market
11.3.7.5.1 South Korea Edible Packaging Market by Source
11.3.7.5.2 South Korea Edible Packaging Market by Raw Material
11.3.7.5.3 South Korea Edible Packaging Market by End Use
11.3.7.5.4 South Korea Edible Packaging Market by Packaging Process and System
11.3.7.6 Rest of Asia-Pacific Edible Packaging Market
11.3.7.6.1 Rest of Asia-Pacific Edible Packaging Market by Source
11.3.7.6.2 Rest of Asia-Pacific Edible Packaging Market by Raw Material
11.3.7.6.3 Rest of Asia-Pacific Edible Packaging Market by End Use
11.3.7.6.4 Rest of Asia-Pacific Edible Packaging Market by Packaging Process and System
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Edible Packaging Market Overview
11.4.2 Middle East and Africa Edible Packaging Market Forecasts and Analysis
11.4.3 Middle East and Africa Edible Packaging Market Forecasts and Analysis - By Source
11.4.4 Middle East and Africa Edible Packaging Market Forecasts and Analysis - By Raw Material
11.4.5 Middle East and Africa Edible Packaging Market Forecasts and Analysis - By End Use
11.4.6 Middle East and Africa Edible Packaging Market Forecasts and Analysis - By Packaging Process and System
11.4.7 Middle East and Africa Edible Packaging Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Edible Packaging Market
11.4.7.1.1 South Africa Edible Packaging Market by Source
11.4.7.1.2 South Africa Edible Packaging Market by Raw Material
11.4.7.1.3 South Africa Edible Packaging Market by End Use
11.4.7.1.4 South Africa Edible Packaging Market by Packaging Process and System
11.4.7.2 Saudi Arabia Edible Packaging Market
11.4.7.2.1 Saudi Arabia Edible Packaging Market by Source
11.4.7.2.2 Saudi Arabia Edible Packaging Market by Raw Material
11.4.7.2.3 Saudi Arabia Edible Packaging Market by End Use
11.4.7.2.4 Saudi Arabia Edible Packaging Market by Packaging Process and System
11.4.7.3 U.A.E Edible Packaging Market
11.4.7.3.1 U.A.E Edible Packaging Market by Source
11.4.7.3.2 U.A.E Edible Packaging Market by Raw Material
11.4.7.3.3 U.A.E Edible Packaging Market by End Use
11.4.7.3.4 U.A.E Edible Packaging Market by Packaging Process and System
11.4.7.4 Rest of Middle East and Africa Edible Packaging Market
11.4.7.4.1 Rest of Middle East and Africa Edible Packaging Market by Source
11.4.7.4.2 Rest of Middle East and Africa Edible Packaging Market by Raw Material
11.4.7.4.3 Rest of Middle East and Africa Edible Packaging Market by End Use
11.4.7.4.4 Rest of Middle East and Africa Edible Packaging Market by Packaging Process and System
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Edible Packaging Market Overview
11.5.2 South and Central America Edible Packaging Market Forecasts and Analysis
11.5.3 South and Central America Edible Packaging Market Forecasts and Analysis - By Source
11.5.4 South and Central America Edible Packaging Market Forecasts and Analysis - By Raw Material
11.5.5 South and Central America Edible Packaging Market Forecasts and Analysis - By End Use
11.5.6 South and Central America Edible Packaging Market Forecasts and Analysis - By Packaging Process and System
11.5.7 South and Central America Edible Packaging Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Edible Packaging Market
11.5.7.1.1 Brazil Edible Packaging Market by Source
11.5.7.1.2 Brazil Edible Packaging Market by Raw Material
11.5.7.1.3 Brazil Edible Packaging Market by End Use
11.5.7.1.4 Brazil Edible Packaging Market by Packaging Process and System
11.5.7.2 Argentina Edible Packaging Market
11.5.7.2.1 Argentina Edible Packaging Market by Source
11.5.7.2.2 Argentina Edible Packaging Market by Raw Material
11.5.7.2.3 Argentina Edible Packaging Market by End Use
11.5.7.2.4 Argentina Edible Packaging Market by Packaging Process and System
11.5.7.3 Rest of South and Central America Edible Packaging Market
11.5.7.3.1 Rest of South and Central America Edible Packaging Market by Source
11.5.7.3.2 Rest of South and Central America Edible Packaging Market by Raw Material
11.5.7.3.3 Rest of South and Central America Edible Packaging Market by End Use
11.5.7.3.4 Rest of South and Central America Edible Packaging Market by Packaging Process and System
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. EDIBLE PACKAGING MARKET, KEY COMPANY PROFILES
13.1. AVANI ECO
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. DEVRO PLC
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. ENVI GREEN BIOTECH PVT LTD
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. EVOWARE
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. INCREDIBLE FOODS INC.
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. JRF TECHNOLOGY, LLC
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. MONOSOL LLC
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. NAGASE AMERICA LLC.
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. NOTPLA LIMITED
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. TIPA CORP
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. Avani Eco
2. Devro PLC
3. Envi Green Biotech Pvt Ltd
4. Evoware
5. Incredible Foods Inc.
6. JRF Technology, LLC
7. Monosol LLC
8. Nagase America LLC.
9. Notpla Limited
10. Tipa Corp
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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