Metal packaging is increasingly becoming popular in the food and beverage industry. Metal cans help in preserving and protecting the product. In addition, aluminum and steel resist the chemical action of the product. Metal packaging ensures performance requirements such as withstanding handling, processing conditions, and external environmental conditions as well. Metal packaging is recyclable and suffer no quality loss during the re-melting process. Metal cans in food and beverages industry are used in the packaging of frozen food, carbonated drinks, fruits and vegetables, meat, alcoholic beverages, and others. Metal cans made of aluminum and steel provide easy opening and safe product removal. Processing of food and drinks in metal packages involves can reception at the packer, filling and exhausting, and seaming. Cans undergo sterilization or pasteurization by heating. Post - processing involves can cooling, drying, and labelling.
MARKET DYNAMICS
The food & beverage metal cans market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of packaging technologies coupled with convenience factors associated with canned foods in terms of design and applications. Moreover, added nutrients coupled with lower prices and recyclable properties of metal cans further drives the food & beverage metal cans market to growth. However, high cost of metals and alternate packaging options may hamper the growth of the food & beverage metal cans market. On the other hand, the food & beverage metal cans market is likely to showcase growth opportunities owing to product innovations and high growth potential in emerging economies during the forecast period.
MARKET SCOPE
The "Global Food & Beverage Metal Cans Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of food & beverage metal cans market with detailed market segmentation by type, material, application, and geography. The global food & beverage metal cans market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food & beverage metal cans market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global food & beverage metal cans market is segmented on the basis of type, material, and application. Based on type, the market is segmented as 2-Piece and 3-Piece cans. The market on the basis of the material, is classified as aluminum and steel. On the basis of the application the market is segmented as food and beverage. Food can market is further classified into fruits & vegetables, convenience food, pet food, meat & seafood, and others. On the other hand, the market by beverages is further sub-segmented as alcoholic beverage, carbonated soft drinks, sports & energy drinks, and others. REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food & beverage metal cans market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The food & beverage metal cans market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting food & beverage metal cans market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the food & beverage metal cans market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food & beverage metal cans market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The food & beverage metal cans market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting food & beverage metal cans market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the food & beverage metal cans market in these regions.
MARKET PLAYERS
The reports cover key developments in the food & beverage metal cans market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from food & beverage metal cans market are anticipated to lucrative growth opportunities in the future with the rising demand for food & beverage metal cans in the global market. Below mentioned is the list of few companies engaged in the food & beverage metal cans market.
The report also includes the profiles of key food & beverage metal cans companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Ardagh Group
- Ball Corporation
- CANPACK Group
- CPMC Holdings Limited
- Crown Holdings, Inc.
- HUBER Packaging Group GmbH
- Kian Joo Group
- Kingcan Holdings Limited
- Silgan Holdings Inc.
- Tetra Laval International S.A.
- 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
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Food And Beverage Metal Cans Market - By Type
1.3.2Food And Beverage Metal Cans Market - By Material
1.3.3Food And Beverage Metal Cans Market - By Application
1.3.4Food And Beverage Metal Cans Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.FOOD AND BEVERAGE METAL CANS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.FOOD AND BEVERAGE METAL CANS 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.FOOD AND BEVERAGE METAL CANS MARKET - GLOBAL MARKET ANALYSIS
6.1.FOOD AND BEVERAGE METAL CANS - GLOBAL MARKET OVERVIEW
6.2.FOOD AND BEVERAGE METAL CANS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FOOD AND BEVERAGE METAL CANS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.2-PIECE
7.3.1.Overview
7.3.2.2-Piece Market Forecast and Analysis
7.4.3-PIECE
7.4.1.Overview
7.4.2.3-Piece Market Forecast and Analysis
8.FOOD AND BEVERAGE METAL CANS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1.OVERVIEW
8.2.MATERIAL MARKET FORECASTS AND ANALYSIS
8.3.ALUMINUM
8.3.1.Overview
8.3.2.Aluminum Market Forecast and Analysis
8.4.STEEL
8.4.1.Overview
8.4.2.Steel Market Forecast and Analysis
9.FOOD AND BEVERAGE METAL CANS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.FOOD
9.3.1.Overview
9.3.2.Food Market Forecast and Analysis
9.3.3.Fruits and Vegetables Market
9.3.3.1.Overview
9.3.3.2.Fruits and Vegetables Market Forecast and Analysis
9.3.4.Convenience Food Market
9.3.4.1.Overview
9.3.4.2.Convenience Food Market Forecast and Analysis
9.3.5.Pet Food Market
9.3.5.1.Overview
9.3.5.2.Pet Food Market Forecast and Analysis
9.3.6.Meat and Seafood Market
9.3.6.1.Overview
9.3.6.2.Meat and Seafood Market Forecast and Analysis
9.3.7.Others Market
9.3.7.1.Overview
9.3.7.2.Others Market Forecast and Analysis
9.4.BEVERAGE
9.4.1.Overview
9.4.2.Beverage Market Forecast and Analysis
9.4.3.Alcoholic Beverage Market
9.4.3.1.Overview
9.4.3.2.Alcoholic Beverage Market Forecast and Analysis
9.4.4.Carbonated Soft Drinks Market
9.4.4.1.Overview
9.4.4.2.Carbonated Soft Drinks Market Forecast and Analysis
9.4.5.Sports and Energy Drinks Market
9.4.5.1.Overview
9.4.5.2.Sports and Energy Drinks Market Forecast and Analysis
9.4.6.Others Market
9.4.6.1.Overview
9.4.6.2.Others Market Forecast and Analysis
10.FOOD AND BEVERAGE METAL CANS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Food And Beverage Metal Cans Market Overview
10.1.2North America Food And Beverage Metal Cans Market Forecasts and Analysis
10.1.3North America Food And Beverage Metal Cans Market Forecasts and Analysis - By Type
10.1.4North America Food And Beverage Metal Cans Market Forecasts and Analysis - By Material
10.1.5North America Food And Beverage Metal Cans Market Forecasts and Analysis - By Application
10.1.6North America Food And Beverage Metal Cans Market Forecasts and Analysis - By Countries
10.1.6.1United States Food And Beverage Metal Cans Market
10.1.6.1.1United States Food And Beverage Metal Cans Market by Type
10.1.6.1.2United States Food And Beverage Metal Cans Market by Material
10.1.6.1.3United States Food And Beverage Metal Cans Market by Application
10.1.6.2Canada Food And Beverage Metal Cans Market
10.1.6.2.1Canada Food And Beverage Metal Cans Market by Type
10.1.6.2.2Canada Food And Beverage Metal Cans Market by Material
10.1.6.2.3Canada Food And Beverage Metal Cans Market by Application
10.1.6.3Mexico Food And Beverage Metal Cans Market
10.1.6.3.1Mexico Food And Beverage Metal Cans Market by Type
10.1.6.3.2Mexico Food And Beverage Metal Cans Market by Material
10.1.6.3.3Mexico Food And Beverage Metal Cans Market by Application
10.2.EUROPE
10.2.1Europe Food And Beverage Metal Cans Market Overview
10.2.2Europe Food And Beverage Metal Cans Market Forecasts and Analysis
10.2.3Europe Food And Beverage Metal Cans Market Forecasts and Analysis - By Type
10.2.4Europe Food And Beverage Metal Cans Market Forecasts and Analysis - By Material
10.2.5Europe Food And Beverage Metal Cans Market Forecasts and Analysis - By Application
10.2.6Europe Food And Beverage Metal Cans Market Forecasts and Analysis - By Countries
10.2.6.1Germany Food And Beverage Metal Cans Market
10.2.6.1.1Germany Food And Beverage Metal Cans Market by Type
10.2.6.1.2Germany Food And Beverage Metal Cans Market by Material
10.2.6.1.3Germany Food And Beverage Metal Cans Market by Application
10.2.6.2France Food And Beverage Metal Cans Market
10.2.6.2.1France Food And Beverage Metal Cans Market by Type
10.2.6.2.2France Food And Beverage Metal Cans Market by Material
10.2.6.2.3France Food And Beverage Metal Cans Market by Application
10.2.6.3Italy Food And Beverage Metal Cans Market
10.2.6.3.1Italy Food And Beverage Metal Cans Market by Type
10.2.6.3.2Italy Food And Beverage Metal Cans Market by Material
10.2.6.3.3Italy Food And Beverage Metal Cans Market by Application
10.2.6.4United Kingdom Food And Beverage Metal Cans Market
10.2.6.4.1United Kingdom Food And Beverage Metal Cans Market by Type
10.2.6.4.2United Kingdom Food And Beverage Metal Cans Market by Material
10.2.6.4.3United Kingdom Food And Beverage Metal Cans Market by Application
10.2.6.5Russia Food And Beverage Metal Cans Market
10.2.6.5.1Russia Food And Beverage Metal Cans Market by Type
10.2.6.5.2Russia Food And Beverage Metal Cans Market by Material
10.2.6.5.3Russia Food And Beverage Metal Cans Market by Application
10.2.6.6Rest of Europe Food And Beverage Metal Cans Market
10.2.6.6.1Rest of Europe Food And Beverage Metal Cans Market by Type
10.2.6.6.2Rest of Europe Food And Beverage Metal Cans Market by Material
10.2.6.6.3Rest of Europe Food And Beverage Metal Cans Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Food And Beverage Metal Cans Market Overview
10.3.2Asia-Pacific Food And Beverage Metal Cans Market Forecasts and Analysis
10.3.3Asia-Pacific Food And Beverage Metal Cans Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Food And Beverage Metal Cans Market Forecasts and Analysis - By Material
10.3.5Asia-Pacific Food And Beverage Metal Cans Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Food And Beverage Metal Cans Market Forecasts and Analysis - By Countries
10.3.6.1Australia Food And Beverage Metal Cans Market
10.3.6.1.1Australia Food And Beverage Metal Cans Market by Type
10.3.6.1.2Australia Food And Beverage Metal Cans Market by Material
10.3.6.1.3Australia Food And Beverage Metal Cans Market by Application
10.3.6.2China Food And Beverage Metal Cans Market
10.3.6.2.1China Food And Beverage Metal Cans Market by Type
10.3.6.2.2China Food And Beverage Metal Cans Market by Material
10.3.6.2.3China Food And Beverage Metal Cans Market by Application
10.3.6.3India Food And Beverage Metal Cans Market
10.3.6.3.1India Food And Beverage Metal Cans Market by Type
10.3.6.3.2India Food And Beverage Metal Cans Market by Material
10.3.6.3.3India Food And Beverage Metal Cans Market by Application
10.3.6.4Japan Food And Beverage Metal Cans Market
10.3.6.4.1Japan Food And Beverage Metal Cans Market by Type
10.3.6.4.2Japan Food And Beverage Metal Cans Market by Material
10.3.6.4.3Japan Food And Beverage Metal Cans Market by Application
10.3.6.5South Korea Food And Beverage Metal Cans Market
10.3.6.5.1South Korea Food And Beverage Metal Cans Market by Type
10.3.6.5.2South Korea Food And Beverage Metal Cans Market by Material
10.3.6.5.3South Korea Food And Beverage Metal Cans Market by Application
10.3.6.6Rest of Asia-Pacific Food And Beverage Metal Cans Market
10.3.6.6.1Rest of Asia-Pacific Food And Beverage Metal Cans Market by Type
10.3.6.6.2Rest of Asia-Pacific Food And Beverage Metal Cans Market by Material
10.3.6.6.3Rest of Asia-Pacific Food And Beverage Metal Cans Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Food And Beverage Metal Cans Market Overview
10.4.2Middle East and Africa Food And Beverage Metal Cans Market Forecasts and Analysis
10.4.3Middle East and Africa Food And Beverage Metal Cans Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Food And Beverage Metal Cans Market Forecasts and Analysis - By Material
10.4.5Middle East and Africa Food And Beverage Metal Cans Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Food And Beverage Metal Cans Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Food And Beverage Metal Cans Market
10.4.6.1.1South Africa Food And Beverage Metal Cans Market by Type
10.4.6.1.2South Africa Food And Beverage Metal Cans Market by Material
10.4.6.1.3South Africa Food And Beverage Metal Cans Market by Application
10.4.6.2Saudi Arabia Food And Beverage Metal Cans Market
10.4.6.2.1Saudi Arabia Food And Beverage Metal Cans Market by Type
10.4.6.2.2Saudi Arabia Food And Beverage Metal Cans Market by Material
10.4.6.2.3Saudi Arabia Food And Beverage Metal Cans Market by Application
10.4.6.3U.A.E Food And Beverage Metal Cans Market
10.4.6.3.1U.A.E Food And Beverage Metal Cans Market by Type
10.4.6.3.2U.A.E Food And Beverage Metal Cans Market by Material
10.4.6.3.3U.A.E Food And Beverage Metal Cans Market by Application
10.4.6.4Rest of Middle East and Africa Food And Beverage Metal Cans Market
10.4.6.4.1Rest of Middle East and Africa Food And Beverage Metal Cans Market by Type
10.4.6.4.2Rest of Middle East and Africa Food And Beverage Metal Cans Market by Material
10.4.6.4.3Rest of Middle East and Africa Food And Beverage Metal Cans Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Food And Beverage Metal Cans Market Overview
10.5.2South and Central America Food And Beverage Metal Cans Market Forecasts and Analysis
10.5.3South and Central America Food And Beverage Metal Cans Market Forecasts and Analysis - By Type
10.5.4South and Central America Food And Beverage Metal Cans Market Forecasts and Analysis - By Material
10.5.5South and Central America Food And Beverage Metal Cans Market Forecasts and Analysis - By Application
10.5.6South and Central America Food And Beverage Metal Cans Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Food And Beverage Metal Cans Market
10.5.6.1.1Brazil Food And Beverage Metal Cans Market by Type
10.5.6.1.2Brazil Food And Beverage Metal Cans Market by Material
10.5.6.1.3Brazil Food And Beverage Metal Cans Market by Application
10.5.6.2Argentina Food And Beverage Metal Cans Market
10.5.6.2.1Argentina Food And Beverage Metal Cans Market by Type
10.5.6.2.2Argentina Food And Beverage Metal Cans Market by Material
10.5.6.2.3Argentina Food And Beverage Metal Cans Market by Application
10.5.6.3Rest of South and Central America Food And Beverage Metal Cans Market
10.5.6.3.1Rest of South and Central America Food And Beverage Metal Cans Market by Type
10.5.6.3.2Rest of South and Central America Food And Beverage Metal Cans Market by Material
10.5.6.3.3Rest of South and Central America Food And Beverage Metal Cans Market by Application
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.FOOD AND BEVERAGE METAL CANS MARKET, KEY COMPANY PROFILES
12.1.ARDAGH GROUP
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.BALL CORPORATION
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.CANPACK GROUP
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.CPMC HOLDINGS LIMITED
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.CROWN HOLDINGS, INC.
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.HUBER PACKAGING GROUP GMBH
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.KIAN JOO 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.KINGCAN HOLDINGS LIMITED
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.SILGAN HOLDINGS INC.
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.TETRA LAVAL INTERNATIONAL S.A.
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. Ardagh Group
2. Ball Corporation
3. CANPACK Group
4. CPMC Holdings Limited
5. Crown Holdings, Inc.
6. HUBER Packaging Group GmbH
7. Kian Joo Group
8. Kingcan Holdings Limited
9. Silgan Holdings Inc.
10. Tetra Laval International S. A.
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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