Gravure Printing Inks Market Size 2021-2031 | Drivers
The Gravure Printing Inks Market is expected to register a CAGR of 4.4% 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 resin (nitrocellulose, polyamide, polyurethane, acrylic, and others). The report further presents an analysis based on the technology (water-based, solvent-based, and others). The report scope covers five 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 Gravure Printing Inks 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.
Gravure Printing Inks Market Segmentation
Resin- Nitrocellulose
- Polyamide
- Polyurethane
- Acrylic
- Water-Based
- Solvent-Based
Strategic Insights
Gravure Printing Inks Market Growth Drivers- Expansion in Packaging Sector: pansion in the packaging sector is one of the major growth contributors to the gravure printing inks market. Changing consumer preferences towards packaging solutions prefer flexible, attractive alternatives. Since the gravure inks provide excellent adhesion with high-quality prints, their uptake is particularly high in food and beverage sectors as the visualization of products determines consumer attraction.
- Technological Developments: Technological developments are the primary reason behind gravure printing inks. Environmental prints created from gravure printing inks, with better quality print and lesser environmental pollution, will encourage manufacturers to opt for gravure printing inks. Thus, they will be forced to seek gravure printing inks to achieve the desired stringent regulations with increased production efficiency.
- E-Commerce and Packaging Demand Surge: With a rise in the use of e-commerce, there is a need for prints including labels and packaging. Most of these are gravure printed. Online shopping continues to rise, and for brands to attract consumers, they ensure that their products have good-looking, high-quality packaging. Such a trend thus directly increases the market for gravure printing inks.
- Shift Toward Sustainability: The market for gravure printing inks has shifted toward sustainability, as manufacturers are coming up with low-VOC and water-based inks because this market is pushing to develop eco-friendly inks in response to environmental regulations and consumer demand. This trend has an environmental benefit but also enhances the brand reputation by appealing to not only environmentally concerned consumers and industries but to everyone.
- Digital Integration Revolutionizes: Digital integration is proving to be a fast mantra in gravure. Companies can enjoy short runs, customization, and flexibility with this integration of traditional gravure techniques with digital technologies. Thus, turning around prints faster while fulfilling the differentiated needs of customers will add only to competitiveness in a rapidly changing market.
- Market Consolidation:In gravure printing inks, consolidation is also underway in the market with larger companies acquiring smaller firms to improve product offerings as well as geographic reach. With consolidation comes innovation and operational efficiency, especially allowing companies to take advantage of scale economies. The consolidated entities are likely to invest in research and development due to intense competition.
- Emerging Markets Drive Gravure Printing Ink Growth: The gravure printing ink industry stands to gain a lot from emerging markets. Rapid urbanization, along with increasing consumer spending in regions like Asia and Africa, raises demand for more packaged products. When disposable incomes increase, there will be a steady increase in the demand for high-quality printing solutions in packaging, opening up additional market opportunities.
- Diversification in Gravure Printing Inks: Non-food packaging or cosmetics, pharmaceuticals, and industrial products are also promising areas for gravure ink manufacturers. For this, since the latter will expand, they will require quality attractive packaging solutions. The trend opens opportunities for gravure printing inks to further diversify their applications and gain a foothold in other lines of business outside traditional food packages.
- Innovative Gravure Printing Inks: Interesting prospects for the gravure printing market arise through the possibility of innovative inks, functional and smart. Such specialized inks can offer added value, as is the case with antimicrobial properties or with interactive features; indeed, they also enable manufacturers to invest in R&D in order to differentiate their propositions from others in relation to changing consumer needs.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gravure Printing Inks 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 Gravure Printing Inks Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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
Combining digital technologies with gravure printing allows for customization and shorter runs is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the gravure printing inks market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Sun Chemical, Flint Group, Sakata INX, Wikoff Color Corp, Toyo Ink, Huber Group, DIC Corp, Zeller+Gmelin, Kanto Printing Inks, and Van Son
The major factors driving the gravure printing inks market are:
1. Increased demand for flexible packaging in food and consumer goods drives gravure ink usage.
2. Increased online shopping boosts demand for attractive printed packaging materials.
The Gravure Printing Inks Market is estimated to witness a CAGR of 4.4% 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 Gravure Printing Inks Market - By Resin
1.3.2 Gravure Printing Inks Market - By Technology
1.3.3 Gravure Printing Inks Market - By Application
1.3.4 Gravure Printing Inks Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GRAVURE PRINTING INKS 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. GRAVURE PRINTING INKS 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. GRAVURE PRINTING INKS MARKET - GLOBAL MARKET ANALYSIS
6.1. GRAVURE PRINTING INKS - GLOBAL MARKET OVERVIEW
6.2. GRAVURE PRINTING INKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GRAVURE PRINTING INKS MARKET - REVENUE AND FORECASTS TO 2028 - RESIN
7.1. OVERVIEW
7.2. RESIN MARKET FORECASTS AND ANALYSIS
7.3. NITROCELLULOSE
7.3.1. Overview
7.3.2. Nitrocellulose Market Forecast and Analysis
7.4. POLYAMIDE
7.4.1. Overview
7.4.2. Polyamide Market Forecast and Analysis
7.5. POLYURETHANE
7.5.1. Overview
7.5.2. Polyurethane Market Forecast and Analysis
7.6. ACRYLIC
7.6.1. Overview
7.6.2. Acrylic Market Forecast and Analysis
8. GRAVURE PRINTING INKS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. WATER BASED
8.3.1. Overview
8.3.2. Water based Market Forecast and Analysis
8.4. SOLVENT BASED
8.4.1. Overview
8.4.2. Solvent based Market Forecast and Analysis
9. GRAVURE PRINTING INKS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PACKAGING
9.3.1. Overview
9.3.2. Packaging Market Forecast and Analysis
9.4. PUBLICATION
9.4.1. Overview
9.4.2. Publication Market Forecast and Analysis
9.5. FURNITURE
9.5.1. Overview
9.5.2. Furniture Market Forecast and Analysis
10. GRAVURE PRINTING INKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Gravure Printing Inks Market Overview
10.1.2 North America Gravure Printing Inks Market Forecasts and Analysis
10.1.3 North America Gravure Printing Inks Market Forecasts and Analysis - By Resin
10.1.4 North America Gravure Printing Inks Market Forecasts and Analysis - By Technology
10.1.5 North America Gravure Printing Inks Market Forecasts and Analysis - By Application
10.1.6 North America Gravure Printing Inks Market Forecasts and Analysis - By Countries
10.1.6.1 United States Gravure Printing Inks Market
10.1.6.1.1 United States Gravure Printing Inks Market by Resin
10.1.6.1.2 United States Gravure Printing Inks Market by Technology
10.1.6.1.3 United States Gravure Printing Inks Market by Application
10.1.6.2 Canada Gravure Printing Inks Market
10.1.6.2.1 Canada Gravure Printing Inks Market by Resin
10.1.6.2.2 Canada Gravure Printing Inks Market by Technology
10.1.6.2.3 Canada Gravure Printing Inks Market by Application
10.1.6.3 Mexico Gravure Printing Inks Market
10.1.6.3.1 Mexico Gravure Printing Inks Market by Resin
10.1.6.3.2 Mexico Gravure Printing Inks Market by Technology
10.1.6.3.3 Mexico Gravure Printing Inks Market by Application
10.2. EUROPE
10.2.1 Europe Gravure Printing Inks Market Overview
10.2.2 Europe Gravure Printing Inks Market Forecasts and Analysis
10.2.3 Europe Gravure Printing Inks Market Forecasts and Analysis - By Resin
10.2.4 Europe Gravure Printing Inks Market Forecasts and Analysis - By Technology
10.2.5 Europe Gravure Printing Inks Market Forecasts and Analysis - By Application
10.2.6 Europe Gravure Printing Inks Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Gravure Printing Inks Market
10.2.6.1.1 Germany Gravure Printing Inks Market by Resin
10.2.6.1.2 Germany Gravure Printing Inks Market by Technology
10.2.6.1.3 Germany Gravure Printing Inks Market by Application
10.2.6.2 France Gravure Printing Inks Market
10.2.6.2.1 France Gravure Printing Inks Market by Resin
10.2.6.2.2 France Gravure Printing Inks Market by Technology
10.2.6.2.3 France Gravure Printing Inks Market by Application
10.2.6.3 Italy Gravure Printing Inks Market
10.2.6.3.1 Italy Gravure Printing Inks Market by Resin
10.2.6.3.2 Italy Gravure Printing Inks Market by Technology
10.2.6.3.3 Italy Gravure Printing Inks Market by Application
10.2.6.4 United Kingdom Gravure Printing Inks Market
10.2.6.4.1 United Kingdom Gravure Printing Inks Market by Resin
10.2.6.4.2 United Kingdom Gravure Printing Inks Market by Technology
10.2.6.4.3 United Kingdom Gravure Printing Inks Market by Application
10.2.6.5 Russia Gravure Printing Inks Market
10.2.6.5.1 Russia Gravure Printing Inks Market by Resin
10.2.6.5.2 Russia Gravure Printing Inks Market by Technology
10.2.6.5.3 Russia Gravure Printing Inks Market by Application
10.2.6.6 Rest of Europe Gravure Printing Inks Market
10.2.6.6.1 Rest of Europe Gravure Printing Inks Market by Resin
10.2.6.6.2 Rest of Europe Gravure Printing Inks Market by Technology
10.2.6.6.3 Rest of Europe Gravure Printing Inks Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Gravure Printing Inks Market Overview
10.3.2 Asia-Pacific Gravure Printing Inks Market Forecasts and Analysis
10.3.3 Asia-Pacific Gravure Printing Inks Market Forecasts and Analysis - By Resin
10.3.4 Asia-Pacific Gravure Printing Inks Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Gravure Printing Inks Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Gravure Printing Inks Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Gravure Printing Inks Market
10.3.6.1.1 Australia Gravure Printing Inks Market by Resin
10.3.6.1.2 Australia Gravure Printing Inks Market by Technology
10.3.6.1.3 Australia Gravure Printing Inks Market by Application
10.3.6.2 China Gravure Printing Inks Market
10.3.6.2.1 China Gravure Printing Inks Market by Resin
10.3.6.2.2 China Gravure Printing Inks Market by Technology
10.3.6.2.3 China Gravure Printing Inks Market by Application
10.3.6.3 India Gravure Printing Inks Market
10.3.6.3.1 India Gravure Printing Inks Market by Resin
10.3.6.3.2 India Gravure Printing Inks Market by Technology
10.3.6.3.3 India Gravure Printing Inks Market by Application
10.3.6.4 Japan Gravure Printing Inks Market
10.3.6.4.1 Japan Gravure Printing Inks Market by Resin
10.3.6.4.2 Japan Gravure Printing Inks Market by Technology
10.3.6.4.3 Japan Gravure Printing Inks Market by Application
10.3.6.5 South Korea Gravure Printing Inks Market
10.3.6.5.1 South Korea Gravure Printing Inks Market by Resin
10.3.6.5.2 South Korea Gravure Printing Inks Market by Technology
10.3.6.5.3 South Korea Gravure Printing Inks Market by Application
10.3.6.6 Rest of Asia-Pacific Gravure Printing Inks Market
10.3.6.6.1 Rest of Asia-Pacific Gravure Printing Inks Market by Resin
10.3.6.6.2 Rest of Asia-Pacific Gravure Printing Inks Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Gravure Printing Inks Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Gravure Printing Inks Market Overview
10.4.2 Middle East and Africa Gravure Printing Inks Market Forecasts and Analysis
10.4.3 Middle East and Africa Gravure Printing Inks Market Forecasts and Analysis - By Resin
10.4.4 Middle East and Africa Gravure Printing Inks Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Gravure Printing Inks Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Gravure Printing Inks Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Gravure Printing Inks Market
10.4.6.1.1 South Africa Gravure Printing Inks Market by Resin
10.4.6.1.2 South Africa Gravure Printing Inks Market by Technology
10.4.6.1.3 South Africa Gravure Printing Inks Market by Application
10.4.6.2 Saudi Arabia Gravure Printing Inks Market
10.4.6.2.1 Saudi Arabia Gravure Printing Inks Market by Resin
10.4.6.2.2 Saudi Arabia Gravure Printing Inks Market by Technology
10.4.6.2.3 Saudi Arabia Gravure Printing Inks Market by Application
10.4.6.3 U.A.E Gravure Printing Inks Market
10.4.6.3.1 U.A.E Gravure Printing Inks Market by Resin
10.4.6.3.2 U.A.E Gravure Printing Inks Market by Technology
10.4.6.3.3 U.A.E Gravure Printing Inks Market by Application
10.4.6.4 Rest of Middle East and Africa Gravure Printing Inks Market
10.4.6.4.1 Rest of Middle East and Africa Gravure Printing Inks Market by Resin
10.4.6.4.2 Rest of Middle East and Africa Gravure Printing Inks Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Gravure Printing Inks Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Gravure Printing Inks Market Overview
10.5.2 South and Central America Gravure Printing Inks Market Forecasts and Analysis
10.5.3 South and Central America Gravure Printing Inks Market Forecasts and Analysis - By Resin
10.5.4 South and Central America Gravure Printing Inks Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Gravure Printing Inks Market Forecasts and Analysis - By Application
10.5.6 South and Central America Gravure Printing Inks Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Gravure Printing Inks Market
10.5.6.1.1 Brazil Gravure Printing Inks Market by Resin
10.5.6.1.2 Brazil Gravure Printing Inks Market by Technology
10.5.6.1.3 Brazil Gravure Printing Inks Market by Application
10.5.6.2 Argentina Gravure Printing Inks Market
10.5.6.2.1 Argentina Gravure Printing Inks Market by Resin
10.5.6.2.2 Argentina Gravure Printing Inks Market by Technology
10.5.6.2.3 Argentina Gravure Printing Inks Market by Application
10.5.6.3 Rest of South and Central America Gravure Printing Inks Market
10.5.6.3.1 Rest of South and Central America Gravure Printing Inks Market by Resin
10.5.6.3.2 Rest of South and Central America Gravure Printing Inks Market by Technology
10.5.6.3.3 Rest of South and Central America Gravure Printing Inks 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. GRAVURE PRINTING INKS MARKET, KEY COMPANY PROFILES
12.1. CHEMICOAT
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. FLINT GROUP ITALIA S.R.L
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. MAC-MIXU COATING AND CHEMICALS
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. MITSU INKS PVT. 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. SIEGWERK DRUCKFARBEN AG
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. SKATA INKS LTD.
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. SUN CHEMICAL
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. TECHNOCRAFTS INDIA PVT. LTD.
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. VIRBANDHU INDUSTRIES
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. WORLDTEX SPECIALITY CHEMICALS
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. CHEMICOAT
2. Flint Group Italia s.r.l
3. Mac-Mixu Coating and Chemicals
4. MITSU Inks Pvt. Ltd.
5. Siegwerk Druckfarben AG
6. Skata Inks Ltd.
7. Sun Chemical
8. Technocrafts India Pvt. Ltd.
9. VirBandhu Industries
10. Worldtex Speciality Chemicals
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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