Non-Wood Fiber Market [2021-2031] - Size, Share, and Analysis
The Non-Wood Fiber Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by source (bamboo, hemp, jute, cotton, biopolymers and others) and application (fabric, paper and packaging, composites, insulation materials and others). The report further presents analysis based on end-use industry (textiles, construction, automotive, consumer goods and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Non-Wood Fiber 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.
Non-Wood Fiber Market Segmentation
Source- Bamboo
- Hemp
- Jute
- Cotton
- Biopolymers and Others
- Fabric
- Paper and Packaging
- Composites
- Insulation Materials and Others
- Textiles
- Construction
- Automotive
- Consumer Goods and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Non-Wood Fiber Market Growth Drivers- Environmental Awareness Driving Growth in the Non-Wood Fiber Market: The growth of the non-wood fiber market is primarily attributed to the internal and external working environment changes. Increasing awareness and attention to the problems of deforestation and depletion of resources have led to rising demand for ecologically preferable materials. Non-wood fibers, vegetative fibers sourced from agricultural waste and other renewable resources, can replace wood fibers, which effectively touches the chords of environmental activists and supporters.
- Rising Demand for Non-Wood Fibers in the Textile Industry: The textile industry is one of the other major consumers of non-wood fibers in particular, as organizations are attempting to expand the procurement of raw materials towards non-conventional fibers. Fibers sourced from non-wood such as hemp, jute and bamboo, are gaining traction due to their robust and biodegradable characteristics. The changing dynamics in fashion and the use of natural fibers in clothing and house textiles are the factors fueling the growth of non-wood fibers in this particular segment.
- Expansion of Non-Wood Fiber Use in Paper and Packaging Industries: Several other industries, particularly paper and packaging, are helping expand the non-wood fiber market. With the advancement of internet sales, and due to the high demand for environmentally friendly paper and its products, some manufacturers are looking for other kinds of fiber for their paper product production. Nowadays it is possible to produce quality papers with reduced wood pulp content due to the addition of non-wood fibers, reducing the conventional environmental pollution associated with wood pulp manufacture. This is of growing importance because companies are pressured to adhere to international environmental sustainability standards and satisfy consumers that eco-friendly packaging is available.
- Advancements in Fiber Processing Technologies Enhancing Non-Wood Fiber Utilization: The latest developments associated with fiber processing technologies facilitate the improvement and utilization of non-wood fibers. For instance, research regarding enzymatic treatments and sophisticated spinning techniques is underway, enhancing the desirable characteristics of these non-wood fibers for other uses. This allows manufacturers to develop non-wood-based, performance fibers that can be as strong and durable as conventionally used, wood-based fibers.
- Growing R&D Focus on Developing Innovative Non-Wood Fiber Applications: The non-wood fiber sector has also received significant attention recently with more companies and institutions working towards developing new fibers for sourcing and application. This includes the production of biocomposites that integrate non-wood fibers and polymers ideal for building cars and consumer products. The growing nature of research and development is inducing creativity in providing solutions and enhancing the scope of application of non-wood fibers in various sectors.
- Strategic Alliances Expanding the Scope of Non-Wood Fiber Market Applications: There is a trend of increasing strategic alliances among non-wood fiber market actors in recent years so that their product lines and markets can be expanded. The involvement of fiber manufacturers, textile processors, and research institutes creates new technologies and markets for new products. These joint activities are essential in meeting different sectors’ demands and ensuring that non-wood fiber production applications are effectively implemented.
- Growing Use of Non-Wood Fibers in Biocomposite Products: There is considerable scope for enhancement regarding using non-wood fibers in biocomposite products. Non-wood fibers can be blended with biodegradable plastics to produce vehicle, building and household products, as the industries are looking for greener replacements for conventional composites. Such a development is in tandem with the increasing need for green products, providing an attractive market for non-wood fiber processors.
- Increasing Adoption of Non-Wood Fibers in the Construction Sector: The construction segment is beginning to establish non-wood fibers into more applications such as Insulation, reinforcement and light-weighted building products. Non-wood fibers improve the thermal and mechanical properties of construction materials, thus making them more advanced and environmentally friendly. Since construction continues to seek out sustainable practices, so too shall the importation of non-wood cellulose in this sector.
- Diversification of Non-Wood Fibers into Health and Personal Care Industries: The health and personal care industries show signs of diversification towards non-wood fibers. These could be incorporated in biodegradable wipes, feminine hygiene items, or medical dressing. Growing preference amongst consumers for organic and eco-friendly products in the personal care sector intensifies the requirement for non-wood fibers. It extends novel avenues for product enhancement for manufacturers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Non-Wood Fiber 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 Non-Wood Fiber 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 FRAMEWORKHave 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
The Non-Wood Fiber Market is estimated to witness a CAGR of 5% from 2023 to 2031
Sustainability and environmental concerns is driving the market growth
Goonvean Fibres; Shanghai Tenbro Bamboo Textile Co; AWA Paper and Technological Company Inc; Genera; Willamette Falls Paper Company are some of the key players operating in the non-wood fiber market
On the basis of geography, the non-wood fiber market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Innovative fiber processing technologies is expected to be the key market trends
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Non-Wood Fiber Market - By Source
1.3.2Non-Wood Fiber Market - By Application
1.3.3Non-Wood Fiber Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.NON-WOOD FIBER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.NON-WOOD FIBER 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.NON-WOOD FIBER MARKET - GLOBAL MARKET ANALYSIS
6.1.NON-WOOD FIBER - GLOBAL MARKET OVERVIEW
6.2.NON-WOOD FIBER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.NON-WOOD FIBER MARKET - REVENUE AND FORECASTS TO 2028 â" SOURCE
7.1.OVERVIEW
7.2.SOURCE MARKET FORECASTS AND ANALYSIS
7.3.STRAW
7.3.1.Overview
7.3.2.Straw Market Forecast and Analysis
7.4.BAGASSE
7.4.1.Overview
7.4.2.Bagasse Market Forecast and Analysis
7.5.BAMBOO
7.5.1.Overview
7.5.2.Bamboo Market Forecast and Analysis
7.6.COTTON
7.6.1.Overview
7.6.2.Cotton Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.NON-WOOD FIBER MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PAPER MAKING
8.3.1.Overview
8.3.2.Paper Making Market Forecast and Analysis
8.4.TEXTILES
8.4.1.Overview
8.4.2.Textiles Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.NON-WOOD FIBER MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Non-Wood Fiber Market Overview
9.1.2North America Non-Wood Fiber Market Forecasts and Analysis
9.1.3North America Non-Wood Fiber Market Forecasts and Analysis - By Source
9.1.4North America Non-Wood Fiber Market Forecasts and Analysis - By Application
9.1.5North America Non-Wood Fiber Market Forecasts and Analysis - By Countries
9.1.5.1United States Non-Wood Fiber Market
9.1.5.1.1United States Non-Wood Fiber Market by Source
9.1.5.1.2United States Non-Wood Fiber Market by Application
9.1.5.2Canada Non-Wood Fiber Market
9.1.5.2.1Canada Non-Wood Fiber Market by Source
9.1.5.2.2Canada Non-Wood Fiber Market by Application
9.1.5.3Mexico Non-Wood Fiber Market
9.1.5.3.1Mexico Non-Wood Fiber Market by Source
9.1.5.3.2Mexico Non-Wood Fiber Market by Application
9.2.EUROPE
9.2.1Europe Non-Wood Fiber Market Overview
9.2.2Europe Non-Wood Fiber Market Forecasts and Analysis
9.2.3Europe Non-Wood Fiber Market Forecasts and Analysis - By Source
9.2.4Europe Non-Wood Fiber Market Forecasts and Analysis - By Application
9.2.5Europe Non-Wood Fiber Market Forecasts and Analysis - By Countries
9.2.5.1Germany Non-Wood Fiber Market
9.2.5.1.1Germany Non-Wood Fiber Market by Source
9.2.5.1.2Germany Non-Wood Fiber Market by Application
9.2.5.2France Non-Wood Fiber Market
9.2.5.2.1France Non-Wood Fiber Market by Source
9.2.5.2.2France Non-Wood Fiber Market by Application
9.2.5.3Italy Non-Wood Fiber Market
9.2.5.3.1Italy Non-Wood Fiber Market by Source
9.2.5.3.2Italy Non-Wood Fiber Market by Application
9.2.5.4United Kingdom Non-Wood Fiber Market
9.2.5.4.1United Kingdom Non-Wood Fiber Market by Source
9.2.5.4.2United Kingdom Non-Wood Fiber Market by Application
9.2.5.5Russia Non-Wood Fiber Market
9.2.5.5.1Russia Non-Wood Fiber Market by Source
9.2.5.5.2Russia Non-Wood Fiber Market by Application
9.2.5.6Rest of Europe Non-Wood Fiber Market
9.2.5.6.1Rest of Europe Non-Wood Fiber Market by Source
9.2.5.6.2Rest of Europe Non-Wood Fiber Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Non-Wood Fiber Market Overview
9.3.2Asia-Pacific Non-Wood Fiber Market Forecasts and Analysis
9.3.3Asia-Pacific Non-Wood Fiber Market Forecasts and Analysis - By Source
9.3.4Asia-Pacific Non-Wood Fiber Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Non-Wood Fiber Market Forecasts and Analysis - By Countries
9.3.5.1Australia Non-Wood Fiber Market
9.3.5.1.1Australia Non-Wood Fiber Market by Source
9.3.5.1.2Australia Non-Wood Fiber Market by Application
9.3.5.2China Non-Wood Fiber Market
9.3.5.2.1China Non-Wood Fiber Market by Source
9.3.5.2.2China Non-Wood Fiber Market by Application
9.3.5.3India Non-Wood Fiber Market
9.3.5.3.1India Non-Wood Fiber Market by Source
9.3.5.3.2India Non-Wood Fiber Market by Application
9.3.5.4Japan Non-Wood Fiber Market
9.3.5.4.1Japan Non-Wood Fiber Market by Source
9.3.5.4.2Japan Non-Wood Fiber Market by Application
9.3.5.5South Korea Non-Wood Fiber Market
9.3.5.5.1South Korea Non-Wood Fiber Market by Source
9.3.5.5.2South Korea Non-Wood Fiber Market by Application
9.3.5.6Rest of Asia-Pacific Non-Wood Fiber Market
9.3.5.6.1Rest of Asia-Pacific Non-Wood Fiber Market by Source
9.3.5.6.2Rest of Asia-Pacific Non-Wood Fiber Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Non-Wood Fiber Market Overview
9.4.2Middle East and Africa Non-Wood Fiber Market Forecasts and Analysis
9.4.3Middle East and Africa Non-Wood Fiber Market Forecasts and Analysis - By Source
9.4.4Middle East and Africa Non-Wood Fiber Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Non-Wood Fiber Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Non-Wood Fiber Market
9.4.5.1.1South Africa Non-Wood Fiber Market by Source
9.4.5.1.2South Africa Non-Wood Fiber Market by Application
9.4.5.2Saudi Arabia Non-Wood Fiber Market
9.4.5.2.1Saudi Arabia Non-Wood Fiber Market by Source
9.4.5.2.2Saudi Arabia Non-Wood Fiber Market by Application
9.4.5.3U.A.E Non-Wood Fiber Market
9.4.5.3.1U.A.E Non-Wood Fiber Market by Source
9.4.5.3.2U.A.E Non-Wood Fiber Market by Application
9.4.5.4Rest of Middle East and Africa Non-Wood Fiber Market
9.4.5.4.1Rest of Middle East and Africa Non-Wood Fiber Market by Source
9.4.5.4.2Rest of Middle East and Africa Non-Wood Fiber Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Non-Wood Fiber Market Overview
9.5.2South and Central America Non-Wood Fiber Market Forecasts and Analysis
9.5.3South and Central America Non-Wood Fiber Market Forecasts and Analysis - By Source
9.5.4South and Central America Non-Wood Fiber Market Forecasts and Analysis - By Application
9.5.5South and Central America Non-Wood Fiber Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Non-Wood Fiber Market
9.5.5.1.1Brazil Non-Wood Fiber Market by Source
9.5.5.1.2Brazil Non-Wood Fiber Market by Application
9.5.5.2Argentina Non-Wood Fiber Market
9.5.5.2.1Argentina Non-Wood Fiber Market by Source
9.5.5.2.2Argentina Non-Wood Fiber Market by Application
9.5.5.3Rest of South and Central America Non-Wood Fiber Market
9.5.5.3.1Rest of South and Central America Non-Wood Fiber Market by Source
9.5.5.3.2Rest of South and Central America Non-Wood Fiber Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.NON-WOOD FIBER MARKET, KEY COMPANY PROFILES
11.1.GOONVEAN FIBRES
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.SHANGHAI TENBRO BAMBOO TEXTILE CO.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.AWA PAPER AND TECHNOLOGICAL COMPANY, INC.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.GENERA
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.WILLAMETTE FALLS PAPER COMPANY
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.CHEMPOLIS BIOREFINING PARK
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.ZUME INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.BIO-LUTIONS INTERNATIONAL AG
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.ECOPLANET BAMBOO GROUP
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.BAMBOO AUSTRALIA
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.Goonvean Fibres
2.Shanghai Tenbro Bamboo Textile Co.
3.AWA Paper and Technological Company, Inc.
4.Genera
5.Willamette Falls Paper Company
6.Chempolis Biorefining Park
7.Zume Inc.
8.Bio-Lutions International AG
9.EcoPlanet Bamboo Group
10.Bamboo Australia
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.