Healthcare Packaging Market Report 2031 | The Insight Partners
The Healthcare Packaging Market is expected to register a CAGR of 5.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Product (Bottles and Containers, Vials and Ampoules, and Others); Material (Glass, Plastic, and Others), Packaging (Primary, Secondary, and Others); End Use (Pharmaceutical, Medical Devices, 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.
The report Healthcare 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.
Healthcare Packaging Market Segmentation
Product- Bottles and Containers
- Vials and Ampoules
- Glass
- Plastic
- Primary
- Secondary
- Pharmaceutical
- Medical Devices
Strategic Insights
Healthcare Packaging Market Growth Drivers- High Demand of Biopharmaceuticals:
Healthcare packaging market is developing its growth due to increasing biopharmaceutical, which includes vaccines, biologics, and gene therapies. These complex and sensitive products require stringent packaging needs in order to ensure that their stability, safety, and efficacy are not compromised. There is a greater demand for sophisticated packaging materials, that are temperature controlled, tamper evident and several others.
- Stringent Regulatory Requirements: The healthcare packaging industry follows all the strict regulations in place to protect the patients and product integrity with international standards. Regulations from the FDA and EU deliver improved packaging solutions that meet rigid levels of safety, labeling, and environmental compliance. All this calls for even more demand for child-resistant closures, serialization, and anti-counterfeiting features in the packaging.
- Aging population: The main reason behind the rising demand in healthcare packaging is the aging population across the globe. An elderly person usually needs more prescriptions drugs and medicines and more medical equipment. This, in turn, will have an added effect to create a demand for convenient, easy-to-open, and protected packaging solutions. Innovations in blister packs, easy-open containers, and smart packaging hold substantial footfalls among the geriatric population
- Personalized Medicine end:
Personalized medicine would be the trend in this nuceic acid therapeutics market, where the approaches to the treatment can be customized based on the genetic makeup of an individual. Such trends add efficiency to the treatment approaches for gene therapies and RNA-based drugs in the treatments for genetic disorders, cancer, and rare diseases. Precision medicine has become a necessary approach that has been adopted for both the development of clinical trial and product. - Increasing Interests in the Use of RNA-Based Therapies:
Among the wide array of RNA-based therapies, the three categories include mRNAs, siRNAs, and ASOs. Such drugs could provide for a targeted approach in down regulating the gene or altering the level of protein; therefore, the untreatable drugs that were introduced by the new medicines are now also being developed. The scope is being increased to include studying such conditions as cancer, neurological disorders, and viral infections. - Increasing the Scope of Nucleic Acid Therapies with Growing Clinical Trials:
With such a burgeoning number of clinical studies on nucleic acid-based therapies, this is primarily occurring in the fields of oncology and genetic disorders. Where concepts have proven successful, these move drug development along more quickly. Varying clinical data in the broadest categories of disease indications are starting to hit regulatory agencies that are increasingly becoming more open to the support of approving such nucleic acid-based drugs.
- Rare and underserved diseases:
Another massive scope for nucleic acid therapeutics is in the treatment of rare and neglected diseases where little or no alternative therapies exist. Most genetic disorders are considered not curable, thus representing an orphan drug development niche for gene therapies, RNA therapeutics, and techniques in gene editing. Companies targeting these rare conditions can claim a prime niche in the orphan drug industry. - Partnering with Biotechnology Companies:
One of the greatest opportunities arises from alliances between pharmaceutical and biotech companies having expertise in RNA-based technologies or gene-editing platforms. The discovery and development collaboration will expedite the discovery and commercialization of nucleic acid therapeutics. Nearly all of these partnerships provide access to innovative technology, know-how, and funding for research to overcome technical and regulatory hurdles related to new therapies. - Gene Therapies Regulatory Advancements:
Nucleic acid therapeutics favor the market for this reason and that is, because of the increased release of regulatory frameworks being issued in hopes of streamlining the approval process of gene and RNA-based therapies. The accelerated pathways for approvals and orphan drug designations continue to grow in popularity, allowing a multiplicity of opportunities for businesses to hasten into the market with innovative nucleic acid therapies to spark business growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Healthcare 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 Healthcare 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.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Healthcare Packaging Market is estimated to witness a CAGR of 5.1% from 2023 to 2031
The major driving factors of healthcare packaging market are:
1. Increased cases of TB worldwide
2. Advances in Diagnostic Technologies
3. Igovernment initiatives and funding
Amcor plc,3M,Sonoco Product, Berry Global,Sealed Air corporation,Dunmore Corporation,Mondi Group,Bio-rad Laboratories, CCL Industries
Increasing scope of nucleic acid therapies
Asia Pacific region dominated the healthcare packaging Market in 2023
North America region dominated the healthcare packaging market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Healthcare Packaging Market - By Product
1.3.2 Healthcare Packaging Market - By Material
1.3.3 Healthcare Packaging Market - By Packaging
1.3.4 Healthcare Packaging Market - By End Use
1.3.5 Healthcare Packaging Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE 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. HEALTHCARE 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 AND RESTRAINTS
6. HEALTHCARE PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE PACKAGING - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HEALTHCARE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BOTTLES AND CONTAINERS
7.3.1. Overview
7.3.2. Bottles and Containers Market Forecast and Analysis
7.4. VIALS AND AMPOULES
7.4.1. Overview
7.4.2. Vials and Ampoules Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. HEALTHCARE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. GLASS
8.3.1. Overview
8.3.2. Glass Market Forecast and Analysis
8.4. PLASTIC
8.4.1. Overview
8.4.2. Plastic Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. HEALTHCARE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING
9.1. OVERVIEW
9.2. PACKAGING MARKET FORECASTS AND ANALYSIS
9.3. PRIMARY
9.3.1. Overview
9.3.2. Primary Market Forecast and Analysis
9.4. SECONDARY
9.4.1. Overview
9.4.2. Secondary Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. HEALTHCARE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - END USE
10.1. OVERVIEW
10.2. END USE MARKET FORECASTS AND ANALYSIS
10.3. PHARMACEUTICAL
10.3.1. Overview
10.3.2. Pharmaceutical Market Forecast and Analysis
10.4. MEDICAL DEVICES
10.4.1. Overview
10.4.2. Medical Devices Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis
11. HEALTHCARE PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Healthcare Packaging Market Overview
11.1.2 North America Healthcare Packaging Market Forecasts and Analysis
11.1.3 North America Healthcare Packaging Market Forecasts and Analysis - By Product
11.1.4 North America Healthcare Packaging Market Forecasts and Analysis - By Material
11.1.5 North America Healthcare Packaging Market Forecasts and Analysis - By Packaging
11.1.6 North America Healthcare Packaging Market Forecasts and Analysis - By End Use
11.1.7 North America Healthcare Packaging Market Forecasts and Analysis - By Countries
11.1.7.1 United States Healthcare Packaging Market
11.1.7.1.1 United States Healthcare Packaging Market by Product
11.1.7.1.2 United States Healthcare Packaging Market by Material
11.1.7.1.3 United States Healthcare Packaging Market by Packaging
11.1.7.1.4 United States Healthcare Packaging Market by End Use
11.1.7.2 Canada Healthcare Packaging Market
11.1.7.2.1 Canada Healthcare Packaging Market by Product
11.1.7.2.2 Canada Healthcare Packaging Market by Material
11.1.7.2.3 Canada Healthcare Packaging Market by Packaging
11.1.7.2.4 Canada Healthcare Packaging Market by End Use
11.1.7.3 Mexico Healthcare Packaging Market
11.1.7.3.1 Mexico Healthcare Packaging Market by Product
11.1.7.3.2 Mexico Healthcare Packaging Market by Material
11.1.7.3.3 Mexico Healthcare Packaging Market by Packaging
11.1.7.3.4 Mexico Healthcare Packaging Market by End Use
11.2. EUROPE
11.2.1 Europe Healthcare Packaging Market Overview
11.2.2 Europe Healthcare Packaging Market Forecasts and Analysis
11.2.3 Europe Healthcare Packaging Market Forecasts and Analysis - By Product
11.2.4 Europe Healthcare Packaging Market Forecasts and Analysis - By Material
11.2.5 Europe Healthcare Packaging Market Forecasts and Analysis - By Packaging
11.2.6 Europe Healthcare Packaging Market Forecasts and Analysis - By End Use
11.2.7 Europe Healthcare Packaging Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Healthcare Packaging Market
11.2.7.1.1 Germany Healthcare Packaging Market by Product
11.2.7.1.2 Germany Healthcare Packaging Market by Material
11.2.7.1.3 Germany Healthcare Packaging Market by Packaging
11.2.7.1.4 Germany Healthcare Packaging Market by End Use
11.2.7.2 France Healthcare Packaging Market
11.2.7.2.1 France Healthcare Packaging Market by Product
11.2.7.2.2 France Healthcare Packaging Market by Material
11.2.7.2.3 France Healthcare Packaging Market by Packaging
11.2.7.2.4 France Healthcare Packaging Market by End Use
11.2.7.3 Italy Healthcare Packaging Market
11.2.7.3.1 Italy Healthcare Packaging Market by Product
11.2.7.3.2 Italy Healthcare Packaging Market by Material
11.2.7.3.3 Italy Healthcare Packaging Market by Packaging
11.2.7.3.4 Italy Healthcare Packaging Market by End Use
11.2.7.4 Spain Healthcare Packaging Market
11.2.7.4.1 Spain Healthcare Packaging Market by Product
11.2.7.4.2 Spain Healthcare Packaging Market by Material
11.2.7.4.3 Spain Healthcare Packaging Market by Packaging
11.2.7.4.4 Spain Healthcare Packaging Market by End Use
11.2.7.5 United Kingdom Healthcare Packaging Market
11.2.7.5.1 United Kingdom Healthcare Packaging Market by Product
11.2.7.5.2 United Kingdom Healthcare Packaging Market by Material
11.2.7.5.3 United Kingdom Healthcare Packaging Market by Packaging
11.2.7.5.4 United Kingdom Healthcare Packaging Market by End Use
11.2.7.6 Rest of Europe Healthcare Packaging Market
11.2.7.6.1 Rest of Europe Healthcare Packaging Market by Product
11.2.7.6.2 Rest of Europe Healthcare Packaging Market by Material
11.2.7.6.3 Rest of Europe Healthcare Packaging Market by Packaging
11.2.7.6.4 Rest of Europe Healthcare Packaging Market by End Use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Healthcare Packaging Market Overview
11.3.2 Asia-Pacific Healthcare Packaging Market Forecasts and Analysis
11.3.3 Asia-Pacific Healthcare Packaging Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Healthcare Packaging Market Forecasts and Analysis - By Material
11.3.5 Asia-Pacific Healthcare Packaging Market Forecasts and Analysis - By Packaging
11.3.6 Asia-Pacific Healthcare Packaging Market Forecasts and Analysis - By End Use
11.3.7 Asia-Pacific Healthcare Packaging Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Healthcare Packaging Market
11.3.7.1.1 Australia Healthcare Packaging Market by Product
11.3.7.1.2 Australia Healthcare Packaging Market by Material
11.3.7.1.3 Australia Healthcare Packaging Market by Packaging
11.3.7.1.4 Australia Healthcare Packaging Market by End Use
11.3.7.2 China Healthcare Packaging Market
11.3.7.2.1 China Healthcare Packaging Market by Product
11.3.7.2.2 China Healthcare Packaging Market by Material
11.3.7.2.3 China Healthcare Packaging Market by Packaging
11.3.7.2.4 China Healthcare Packaging Market by End Use
11.3.7.3 India Healthcare Packaging Market
11.3.7.3.1 India Healthcare Packaging Market by Product
11.3.7.3.2 India Healthcare Packaging Market by Material
11.3.7.3.3 India Healthcare Packaging Market by Packaging
11.3.7.3.4 India Healthcare Packaging Market by End Use
11.3.7.4 Japan Healthcare Packaging Market
11.3.7.4.1 Japan Healthcare Packaging Market by Product
11.3.7.4.2 Japan Healthcare Packaging Market by Material
11.3.7.4.3 Japan Healthcare Packaging Market by Packaging
11.3.7.4.4 Japan Healthcare Packaging Market by End Use
11.3.7.5 South Korea Healthcare Packaging Market
11.3.7.5.1 South Korea Healthcare Packaging Market by Product
11.3.7.5.2 South Korea Healthcare Packaging Market by Material
11.3.7.5.3 South Korea Healthcare Packaging Market by Packaging
11.3.7.5.4 South Korea Healthcare Packaging Market by End Use
11.3.7.6 Rest of Asia-Pacific Healthcare Packaging Market
11.3.7.6.1 Rest of Asia-Pacific Healthcare Packaging Market by Product
11.3.7.6.2 Rest of Asia-Pacific Healthcare Packaging Market by Material
11.3.7.6.3 Rest of Asia-Pacific Healthcare Packaging Market by Packaging
11.3.7.6.4 Rest of Asia-Pacific Healthcare Packaging Market by End Use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Healthcare Packaging Market Overview
11.4.2 Middle East and Africa Healthcare Packaging Market Forecasts and Analysis
11.4.3 Middle East and Africa Healthcare Packaging Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Healthcare Packaging Market Forecasts and Analysis - By Material
11.4.5 Middle East and Africa Healthcare Packaging Market Forecasts and Analysis - By Packaging
11.4.6 Middle East and Africa Healthcare Packaging Market Forecasts and Analysis - By End Use
11.4.7 Middle East and Africa Healthcare Packaging Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Healthcare Packaging Market
11.4.7.1.1 South Africa Healthcare Packaging Market by Product
11.4.7.1.2 South Africa Healthcare Packaging Market by Material
11.4.7.1.3 South Africa Healthcare Packaging Market by Packaging
11.4.7.1.4 South Africa Healthcare Packaging Market by End Use
11.4.7.2 Saudi Arabia Healthcare Packaging Market
11.4.7.2.1 Saudi Arabia Healthcare Packaging Market by Product
11.4.7.2.2 Saudi Arabia Healthcare Packaging Market by Material
11.4.7.2.3 Saudi Arabia Healthcare Packaging Market by Packaging
11.4.7.2.4 Saudi Arabia Healthcare Packaging Market by End Use
11.4.7.3 U.A.E Healthcare Packaging Market
11.4.7.3.1 U.A.E Healthcare Packaging Market by Product
11.4.7.3.2 U.A.E Healthcare Packaging Market by Material
11.4.7.3.3 U.A.E Healthcare Packaging Market by Packaging
11.4.7.3.4 U.A.E Healthcare Packaging Market by End Use
11.4.7.4 Rest of Middle East and Africa Healthcare Packaging Market
11.4.7.4.1 Rest of Middle East and Africa Healthcare Packaging Market by Product
11.4.7.4.2 Rest of Middle East and Africa Healthcare Packaging Market by Material
11.4.7.4.3 Rest of Middle East and Africa Healthcare Packaging Market by Packaging
11.4.7.4.4 Rest of Middle East and Africa Healthcare Packaging Market by End Use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Healthcare Packaging Market Overview
11.5.2 South and Central America Healthcare Packaging Market Forecasts and Analysis
11.5.3 South and Central America Healthcare Packaging Market Forecasts and Analysis - By Product
11.5.4 South and Central America Healthcare Packaging Market Forecasts and Analysis - By Material
11.5.5 South and Central America Healthcare Packaging Market Forecasts and Analysis - By Packaging
11.5.6 South and Central America Healthcare Packaging Market Forecasts and Analysis - By End Use
11.5.7 South and Central America Healthcare Packaging Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Healthcare Packaging Market
11.5.7.1.1 Brazil Healthcare Packaging Market by Product
11.5.7.1.2 Brazil Healthcare Packaging Market by Material
11.5.7.1.3 Brazil Healthcare Packaging Market by Packaging
11.5.7.1.4 Brazil Healthcare Packaging Market by End Use
11.5.7.2 Argentina Healthcare Packaging Market
11.5.7.2.1 Argentina Healthcare Packaging Market by Product
11.5.7.2.2 Argentina Healthcare Packaging Market by Material
11.5.7.2.3 Argentina Healthcare Packaging Market by Packaging
11.5.7.2.4 Argentina Healthcare Packaging Market by End Use
11.5.7.3 Rest of South and Central America Healthcare Packaging Market
11.5.7.3.1 Rest of South and Central America Healthcare Packaging Market by Product
11.5.7.3.2 Rest of South and Central America Healthcare Packaging Market by Material
11.5.7.3.3 Rest of South and Central America Healthcare Packaging Market by Packaging
11.5.7.3.4 Rest of South and Central America Healthcare Packaging Market by End Use
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HEALTHCARE PACKAGING MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. HEALTHCARE PACKAGING MARKET, KEY COMPANY PROFILES
14.1. AMCOR PLC
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. GERRESHEIMER AG.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. DS SMITH PLC
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. HUHTAMäKI OYJ
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. BERRY GLOBAL, INC.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. SONOCO PRODUCTS COMPANY
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. SEALED AIR CORPORATION
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. CONSTANTIA FLEXIBLES GROUP GMBH
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. WINPAK LTD.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. CCL INDUSTRIES INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Amcor plc
2. Gerresheimer AG.
3. DS Smith Plc
4. Huhtamäki Oyj
5. Berry Global, Inc.
6. Sonoco Products Company
7. Sealed Air Corporation
8. Constantia Flexibles Group GmbH
9. Winpak Ltd.
10. CCL Industries Inc.
11. 3M Company
12. Dunmore Corporation
13. Toray Plastics (America). Inc.
14. WestRock Company
15. Mondi Group
16. BillerudKorsnäs AB
17. Ball Corporation
18. Honeywell International
19. Klöckner Pentaplast Europe GmbH & Co. KG
20. Avery Dennison Corporation
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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