The Glufosinate-Ammonium Market is expected to register a CAGR of 9% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others). The report further presents analysis based on Formulation Type (Aqueous Suspension, Liquid, Suspension Concentrates, and Others). Based on Application report is segmented into (Herbicides, Fungicides, Desiccant, and Others). 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 Glufosinate-Ammonium 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.
Glufosinate-Ammonium Market Segmentation
Crop Type- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Aqueous Suspension
- Liquid
- Suspension Concentrates
Strategic Insights
Glufosinate-Ammonium Market Growth Drivers- Increased Adoption of Genetically Modified Crops: The growing use of genetically modified (GM) crops resistant to glufosinate-ammonium is a key driver. GM crops such as soybeans, corn, and canola are engineered to tolerate glufosinate, providing farmers with effective weed management solutions. This technology allows for more targeted herbicide use, driving the demand for glufosinate-ammonium as an essential tool for modern agriculture.
- Rising Demand for Herbicides in Agriculture: As global food demand rises, farmers are adopting more effective and efficient crop protection methods. Glufosinate-ammonium is widely used for controlling a broad spectrum of weeds, making it an essential product in both conventional and sustainable agriculture. This growing need for reliable herbicides is fueling the market for glufosinate-ammonium worldwide.
- Effectiveness Against Herbicide-resistant Weeds: The increasing prevalence of herbicide-resistant weeds is driving the demand for glufosinate-ammonium. As weeds develop resistance to commonly used herbicides, glufosinate-ammonium’s effectiveness against these resistant species makes it a valuable alternative for farmers seeking efficient weed control. This need for effective solutions to combat resistant weeds contributes to market growth.
- Development of Eco-friendly Formulations: In response to environmental concerns, future trends in the glufosinate-ammonium market will focus on developing more sustainable and environmentally friendly formulations. Manufacturers are exploring ways to reduce toxicity and enhance biodegradability while maintaining effectiveness. These innovations will cater to growing consumer and regulatory demands for eco-conscious agricultural products.
- Integration with Precision Farming Technologies: Precision agriculture technologies, including GPS-guided systems and sensor-based applications, are expected to play a significant role in the future use of glufosinate-ammonium. These technologies allow for more precise application, reducing the overall use of herbicides and improving efficiency. As precision farming becomes more widespread, it will enhance the effectiveness of glufosinate-ammonium in controlling weeds while minimizing environmental impact.
- Stricter Regulatory Compliance: As regulatory standards around pesticide use tighten globally, there will be a trend toward ensuring glufosinate-ammonium products comply with these new, stricter regulations. This could lead to innovations in product formulations that meet safety and environmental standards while maintaining efficacy. Manufacturers will need to adapt to these evolving requirements to maintain market access.
- Expansion in Emerging Markets: Emerging economies, particularly in Asia-Pacific, Africa, and Latin America, present significant opportunities for glufosinate-ammonium market growth. As agricultural practices modernize and the demand for crop protection solutions increases, glufosinate-ammonium will become an essential herbicide in these regions. Expanding market penetration in these areas can drive substantial growth.
- Adoption in Organic Farming: With increasing interest in organic farming, there is an opportunity to introduce glufosinate-ammonium as an eco-friendly alternative for weed control. While organic certification restricts the use of synthetic chemicals, glufosinate’s specific applications can be integrated into organic systems, creating a niche market for weed management in organic farming.
- Partnerships with Biotech Companies: Collaborations between glufosinate-ammonium manufacturers and biotechnology firms for the development of herbicide-tolerant crops present a lucrative opportunity. By partnering in the development of genetically modified crops resistant to glufosinate-ammonium, companies can expand their market share and meet the growing demand for efficient, sustainable crop protection solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Glufosinate-Ammonium 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 Glufosinate-Ammonium 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
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Development of Improved Formulations is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the glufosinate-ammonium market.
ABI Chemicals, AK Scientific, Bayer CropScience are some of the key players operating in the glufosinate market
Based on crop type, Cereals and Grains, is expected to witness the fastest growth during the forecast period
The Glufosinate-Ammonium Market is estimated to witness a CAGR of 9% from 2023 to 2031
Growing Genetically Modified Crops is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glufosinate-Ammonium Market - By Crop Type
1.3.2 Glufosinate-Ammonium Market - By Formulation Type
1.3.3 Glufosinate-Ammonium Market - By Application
1.3.4 Glufosinate-Ammonium Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLUFOSINATE-AMMONIUM 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. GLUFOSINATE-AMMONIUM 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. GLUFOSINATE-AMMONIUM MARKET - GLOBAL MARKET ANALYSIS
6.1. GLUFOSINATE-AMMONIUM - GLOBAL MARKET OVERVIEW
6.2. GLUFOSINATE-AMMONIUM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLUFOSINATE-AMMONIUM MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
7.1. OVERVIEW
7.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
7.3. CEREALS AND GRAINS
7.3.1. Overview
7.3.2. Cereals and Grains Market Forecast and Analysis
7.4. OILSEEDS AND PULSES
7.4.1. Overview
7.4.2. Oilseeds and Pulses Market Forecast and Analysis
7.5. FRUITS AND VEGETABLES
7.5.1. Overview
7.5.2. Fruits and Vegetables Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. GLUFOSINATE-AMMONIUM MARKET - REVENUE AND FORECASTS TO 2028 - FORMULATION TYPE
8.1. OVERVIEW
8.2. FORMULATION TYPE MARKET FORECASTS AND ANALYSIS
8.3. AQUEOUS SUSPENSION
8.3.1. Overview
8.3.2. Aqueous Suspension Market Forecast and Analysis
8.4. LIQUID
8.4.1. Overview
8.4.2. Liquid Market Forecast and Analysis
8.5. SUSPENSION CONCENTRATES
8.5.1. Overview
8.5.2. Suspension Concentrates Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. GLUFOSINATE-AMMONIUM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HERBICIDES
9.3.1. Overview
9.3.2. Herbicides Market Forecast and Analysis
9.4. FUNGICIDES
9.4.1. Overview
9.4.2. Fungicides Market Forecast and Analysis
9.5. DESICCANT
9.5.1. Overview
9.5.2. Desiccant Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. GLUFOSINATE-AMMONIUM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Glufosinate-Ammonium Market Overview
10.1.2 North America Glufosinate-Ammonium Market Forecasts and Analysis
10.1.3 North America Glufosinate-Ammonium Market Forecasts and Analysis - By Crop Type
10.1.4 North America Glufosinate-Ammonium Market Forecasts and Analysis - By Formulation Type
10.1.5 North America Glufosinate-Ammonium Market Forecasts and Analysis - By Application
10.1.6 North America Glufosinate-Ammonium Market Forecasts and Analysis - By Countries
10.1.6.1 United States Glufosinate-Ammonium Market
10.1.6.1.1 United States Glufosinate-Ammonium Market by Crop Type
10.1.6.1.2 United States Glufosinate-Ammonium Market by Formulation Type
10.1.6.1.3 United States Glufosinate-Ammonium Market by Application
10.1.6.2 Canada Glufosinate-Ammonium Market
10.1.6.2.1 Canada Glufosinate-Ammonium Market by Crop Type
10.1.6.2.2 Canada Glufosinate-Ammonium Market by Formulation Type
10.1.6.2.3 Canada Glufosinate-Ammonium Market by Application
10.1.6.3 Mexico Glufosinate-Ammonium Market
10.1.6.3.1 Mexico Glufosinate-Ammonium Market by Crop Type
10.1.6.3.2 Mexico Glufosinate-Ammonium Market by Formulation Type
10.1.6.3.3 Mexico Glufosinate-Ammonium Market by Application
10.2. EUROPE
10.2.1 Europe Glufosinate-Ammonium Market Overview
10.2.2 Europe Glufosinate-Ammonium Market Forecasts and Analysis
10.2.3 Europe Glufosinate-Ammonium Market Forecasts and Analysis - By Crop Type
10.2.4 Europe Glufosinate-Ammonium Market Forecasts and Analysis - By Formulation Type
10.2.5 Europe Glufosinate-Ammonium Market Forecasts and Analysis - By Application
10.2.6 Europe Glufosinate-Ammonium Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Glufosinate-Ammonium Market
10.2.6.1.1 Germany Glufosinate-Ammonium Market by Crop Type
10.2.6.1.2 Germany Glufosinate-Ammonium Market by Formulation Type
10.2.6.1.3 Germany Glufosinate-Ammonium Market by Application
10.2.6.2 France Glufosinate-Ammonium Market
10.2.6.2.1 France Glufosinate-Ammonium Market by Crop Type
10.2.6.2.2 France Glufosinate-Ammonium Market by Formulation Type
10.2.6.2.3 France Glufosinate-Ammonium Market by Application
10.2.6.3 Italy Glufosinate-Ammonium Market
10.2.6.3.1 Italy Glufosinate-Ammonium Market by Crop Type
10.2.6.3.2 Italy Glufosinate-Ammonium Market by Formulation Type
10.2.6.3.3 Italy Glufosinate-Ammonium Market by Application
10.2.6.4 United Kingdom Glufosinate-Ammonium Market
10.2.6.4.1 United Kingdom Glufosinate-Ammonium Market by Crop Type
10.2.6.4.2 United Kingdom Glufosinate-Ammonium Market by Formulation Type
10.2.6.4.3 United Kingdom Glufosinate-Ammonium Market by Application
10.2.6.5 Russia Glufosinate-Ammonium Market
10.2.6.5.1 Russia Glufosinate-Ammonium Market by Crop Type
10.2.6.5.2 Russia Glufosinate-Ammonium Market by Formulation Type
10.2.6.5.3 Russia Glufosinate-Ammonium Market by Application
10.2.6.6 Rest of Europe Glufosinate-Ammonium Market
10.2.6.6.1 Rest of Europe Glufosinate-Ammonium Market by Crop Type
10.2.6.6.2 Rest of Europe Glufosinate-Ammonium Market by Formulation Type
10.2.6.6.3 Rest of Europe Glufosinate-Ammonium Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Glufosinate-Ammonium Market Overview
10.3.2 Asia-Pacific Glufosinate-Ammonium Market Forecasts and Analysis
10.3.3 Asia-Pacific Glufosinate-Ammonium Market Forecasts and Analysis - By Crop Type
10.3.4 Asia-Pacific Glufosinate-Ammonium Market Forecasts and Analysis - By Formulation Type
10.3.5 Asia-Pacific Glufosinate-Ammonium Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Glufosinate-Ammonium Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Glufosinate-Ammonium Market
10.3.6.1.1 Australia Glufosinate-Ammonium Market by Crop Type
10.3.6.1.2 Australia Glufosinate-Ammonium Market by Formulation Type
10.3.6.1.3 Australia Glufosinate-Ammonium Market by Application
10.3.6.2 China Glufosinate-Ammonium Market
10.3.6.2.1 China Glufosinate-Ammonium Market by Crop Type
10.3.6.2.2 China Glufosinate-Ammonium Market by Formulation Type
10.3.6.2.3 China Glufosinate-Ammonium Market by Application
10.3.6.3 India Glufosinate-Ammonium Market
10.3.6.3.1 India Glufosinate-Ammonium Market by Crop Type
10.3.6.3.2 India Glufosinate-Ammonium Market by Formulation Type
10.3.6.3.3 India Glufosinate-Ammonium Market by Application
10.3.6.4 Japan Glufosinate-Ammonium Market
10.3.6.4.1 Japan Glufosinate-Ammonium Market by Crop Type
10.3.6.4.2 Japan Glufosinate-Ammonium Market by Formulation Type
10.3.6.4.3 Japan Glufosinate-Ammonium Market by Application
10.3.6.5 South Korea Glufosinate-Ammonium Market
10.3.6.5.1 South Korea Glufosinate-Ammonium Market by Crop Type
10.3.6.5.2 South Korea Glufosinate-Ammonium Market by Formulation Type
10.3.6.5.3 South Korea Glufosinate-Ammonium Market by Application
10.3.6.6 Rest of Asia-Pacific Glufosinate-Ammonium Market
10.3.6.6.1 Rest of Asia-Pacific Glufosinate-Ammonium Market by Crop Type
10.3.6.6.2 Rest of Asia-Pacific Glufosinate-Ammonium Market by Formulation Type
10.3.6.6.3 Rest of Asia-Pacific Glufosinate-Ammonium Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Glufosinate-Ammonium Market Overview
10.4.2 Middle East and Africa Glufosinate-Ammonium Market Forecasts and Analysis
10.4.3 Middle East and Africa Glufosinate-Ammonium Market Forecasts and Analysis - By Crop Type
10.4.4 Middle East and Africa Glufosinate-Ammonium Market Forecasts and Analysis - By Formulation Type
10.4.5 Middle East and Africa Glufosinate-Ammonium Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Glufosinate-Ammonium Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Glufosinate-Ammonium Market
10.4.6.1.1 South Africa Glufosinate-Ammonium Market by Crop Type
10.4.6.1.2 South Africa Glufosinate-Ammonium Market by Formulation Type
10.4.6.1.3 South Africa Glufosinate-Ammonium Market by Application
10.4.6.2 Saudi Arabia Glufosinate-Ammonium Market
10.4.6.2.1 Saudi Arabia Glufosinate-Ammonium Market by Crop Type
10.4.6.2.2 Saudi Arabia Glufosinate-Ammonium Market by Formulation Type
10.4.6.2.3 Saudi Arabia Glufosinate-Ammonium Market by Application
10.4.6.3 U.A.E Glufosinate-Ammonium Market
10.4.6.3.1 U.A.E Glufosinate-Ammonium Market by Crop Type
10.4.6.3.2 U.A.E Glufosinate-Ammonium Market by Formulation Type
10.4.6.3.3 U.A.E Glufosinate-Ammonium Market by Application
10.4.6.4 Rest of Middle East and Africa Glufosinate-Ammonium Market
10.4.6.4.1 Rest of Middle East and Africa Glufosinate-Ammonium Market by Crop Type
10.4.6.4.2 Rest of Middle East and Africa Glufosinate-Ammonium Market by Formulation Type
10.4.6.4.3 Rest of Middle East and Africa Glufosinate-Ammonium Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Glufosinate-Ammonium Market Overview
10.5.2 South and Central America Glufosinate-Ammonium Market Forecasts and Analysis
10.5.3 South and Central America Glufosinate-Ammonium Market Forecasts and Analysis - By Crop Type
10.5.4 South and Central America Glufosinate-Ammonium Market Forecasts and Analysis - By Formulation Type
10.5.5 South and Central America Glufosinate-Ammonium Market Forecasts and Analysis - By Application
10.5.6 South and Central America Glufosinate-Ammonium Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Glufosinate-Ammonium Market
10.5.6.1.1 Brazil Glufosinate-Ammonium Market by Crop Type
10.5.6.1.2 Brazil Glufosinate-Ammonium Market by Formulation Type
10.5.6.1.3 Brazil Glufosinate-Ammonium Market by Application
10.5.6.2 Argentina Glufosinate-Ammonium Market
10.5.6.2.1 Argentina Glufosinate-Ammonium Market by Crop Type
10.5.6.2.2 Argentina Glufosinate-Ammonium Market by Formulation Type
10.5.6.2.3 Argentina Glufosinate-Ammonium Market by Application
10.5.6.3 Rest of South and Central America Glufosinate-Ammonium Market
10.5.6.3.1 Rest of South and Central America Glufosinate-Ammonium Market by Crop Type
10.5.6.3.2 Rest of South and Central America Glufosinate-Ammonium Market by Formulation Type
10.5.6.3.3 Rest of South and Central America Glufosinate-Ammonium 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. GLUFOSINATE-AMMONIUM MARKET, KEY COMPANY PROFILES
12.1. ABI CHEMICALS
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. AK SCIENTIFIC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BAYER CROPSCIENCE
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. CONIER CHEM
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. DOW AGROSCIENCES
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. MONSANTO COMPANY
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. NUFARM US
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. SHANDONG WEITIAN FINE CHEMICAL TECHNOLOGY
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. SYNGENTA AG
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. YONGNONG BIOSCIENCES
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. ABI Chemicals
2. AK Scientific
3. Bayer CropScience
4. Conier Chem
5. Dow AgroSciences
6. Monsanto Company
7. Nufarm US
8. Shandong Weitian Fine Chemical Technology
9. Syngenta AG
10. YongNong BioSciences
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.
Get Free Sample For