Plastic Bags and Sacks Market 2021-2031: Market Share and Forecast
The Plastic Bags and Sacks Market is expected to register a CAGR of 3% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Plastic Bags and Sacks Market covers analysis By Material (Biodegradable, Non-Biodegradable); Product Type (Bags, Sacks), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Plastic bags and sacks are sometimes known as polybags and are made entirely of thin plastic film. Plastic bags and sacks are frequently used in the consumer goods industry to package packaged foods, cloThe, fresh fruit, stationery, and other items. Thee bags are relatively translucent, flexible, and tear-resistant. Furthermore, it has outstanding moisture barrier qualities. Plastic bags and sacks are used in a variety of industries, including retail, food and beverage, institutional services, and others.
Purpose of the ReportThe report Plastic Bags and Sacks 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.
Plastic Bags and Sacks Market Segmentation
Material- Biodegradable
- Non-Biodegradable
- Bags
- Sacks
Strategic Insights
Plastic Bags and Sacks Market Growth Drivers- Retail and E-commerce Growth: The boom in retail and e-commerce especially online shopping is creating a huge demand for such plastic bags and sacks among other packaging solutions that are fundamental to delivering products securely, cheaply, and efficiently as lightweight, durable plastic bags are vital for logistics in online orders, thus further propelling the growth of the packaging industry.
- Cost Efficiency: There is no alternative way of replacing the expensive methods of using either paper or fabric to fabricate a bag or sack. Relatively lower technology employed in production, carrying heavy weights or loads with higher weight bearing capability, and continuous mass production have attracted it for various types of industries ranging from retail itself to food and agriculture; thus, these also contribute to the overall market growth.
- Packaging for Food and Agriculture: Among the two sectors bagged with high-end requirements, agriculture and food have the highest number of plastic sacks and bags used in packaging and transportation purposes. These three parameters define plastic: strength, moisture resistance, and protection; hence, the maximum quantity is kept under storage grains, produce, and all perishables; hence demand from the market will continue, especially from African nations developing their agricultural areas.
- Focus on sustainable development: Growing environmental awareness arouses the important of having plastic bags that conserve the environment. Biodegradable, recyclable, or compostable plastic bags emerge alternatives to traditional plastic. Manufacturers will thus come up with green-fabricated materials to satisfy regulations and help consumers consume less, so as to keep up with the trend for greener packaging.
- Regulatory Changes and Bans: Most countries are becoming stricter in the application of laws regarding single-use plastics. In fact, some of them have banned certain types of plastic entirely. Therefore, in this trend, companies will have to come up with alternatives like paper, reusable plastic, and plant-based bags. With this, there will be more innovations in eco-friendly alternatives that will really change the landscape of plastic bags and sacks.
- Integration of Smart Packaging: Future plastic bags will involve smart technology. These include smart packaging such as bags with embedded RFID tags for tracking or temperature-sensitive feature-that will provide more convenience to consumers and a better offer in supply-chain management for an edge in competition for industries like food and pharmaceuticals.
- Alternatives That Decompose: Biodegradable or compostable plastic bags are expected to take shaping opportunities for manufacturers because of the worldwide outcry in reducing plastic waste. The already eco-friendly manufacturers would benefit as the consumers become more eco-sensitive, acquiring environmentally friendly bags made from plant-based or compostable materials.
- New markets will emerge: The wave of emergent markets in Asia-Pacific, Africa, and Latin America is a very bright opportunity in the plastic bags and sacks market due to the rapid urbanization and industrialization. A higher income, increasing demand for packaged products, especially in retail and food sectors, leads to more untapped consumers.
- E-Commerce Packaging Solutions: The expanding e-commerce sector creates a very good opportunity for packaging solutions dedicated to online shopping. Plastic bags and sacks designed for safe delivery, lightweight, and cost while producing such bags will be in demand and thus provide manufacturers with a chance to come up with specialized packaging for online retail.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Plastic Bags and Sacks 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 Plastic Bags and Sacks 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.
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- 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 North America market is expected to account for the highest CAGR during the forecast period owing to the growing packaging industry in the region.
The bag product type segment accounted for the largest market share in 2023
Rutan Poly Industries, Inc., Berry Plastics Inc., Novolex Holdings, Inc., Mondi Group, Ampac Holdings, LLC, International Plastics Inc., Bischof and Klein GmbH and Co., Interplast Group, Starlinger and Co., and Hanoi Plastic Bag JSC are some of the key players in the market.
Growing packaging industry is a key driver in the market
The Plastic Bags and Sacks Market is estimated to witness a CAGR of 3% from 2023 to 2031
Growing adopption of reusable bags is an emerging trend in the market.
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Plastic Bags And Sacks Market - By Material Type
1.3.2 Plastic Bags And Sacks Market - By Application
1.3.3 Plastic Bags And Sacks Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PLASTIC BAGS AND SACKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to Substitute
4.2.4 Threat to New Entrants
4.2.5 Competitive Rivalry
4.3. EXPERT OPINIONS
5. PLASTIC BAGS AND SACKS 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. PLASTIC BAGS AND SACKS MARKET - GLOBAL MARKET ANALYSIS
6.1. PLASTIC BAGS AND SACKS - GLOBAL MARKET OVERVIEW
6.2. PLASTIC BAGS AND SACKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PLASTIC BAGS AND SACKS MARKET - REVENUE AND FORECASTS TO 2028 – MATERIAL TYPE
7.1. OVERVIEW
7.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH DENSITY POLYETHYLENE (HDPE)
7.3.1. Overview
7.3.2. High Density Polyethylene (HDPE) Market Forecast and Analysis
7.4. LOW DENSITY POLYETHYLENE (LDPE)
7.4.1. Overview
7.4.2. Low Density Polyethylene (LDPE) Market Forecast and Analysis
7.5. POLYPROPYLENE (PP)
7.5.1. Overview
7.5.2. Polypropylene (PP) Market Forecast and Analysis
7.6. PLA
7.6.1. Overview
7.6.2. PLA Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. PLASTIC BAGS AND SACKS MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RETAIL AND CONSUMER APPLICATIONS
8.3.1. Overview
8.3.2. Retail and Consumer Applications Market Forecast and Analysis
8.4. INSTITUTIONAL SERVICES
8.4.1. Overview
8.4.2. Institutional Services Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. PLASTIC BAGS AND SACKS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Plastic Bags And Sacks Market Overview
9.1.2 North America Plastic Bags And Sacks Market Forecasts and Analysis
9.1.3 North America Plastic Bags And Sacks Market Forecasts and Analysis - By Material Type
9.1.4 North America Plastic Bags And Sacks Market Forecasts and Analysis - By Application
9.1.5 North America Plastic Bags And Sacks Market Forecasts and Analysis - By Countries
9.1.5.1 United States Plastic Bags And Sacks Market
9.1.5.1.1 United States Plastic Bags And Sacks Market by Material Type
9.1.5.1.2 United States Plastic Bags And Sacks Market by Application
9.1.5.2 Canada Plastic Bags And Sacks Market
9.1.5.2.1 Canada Plastic Bags And Sacks Market by Material Type
9.1.5.2.2 Canada Plastic Bags And Sacks Market by Application
9.1.5.3 Mexico Plastic Bags And Sacks Market
9.1.5.3.1 Mexico Plastic Bags And Sacks Market by Material Type
9.1.5.3.2 Mexico Plastic Bags And Sacks Market by Application
9.2. EUROPE
9.2.1 Europe Plastic Bags And Sacks Market Overview
9.2.2 Europe Plastic Bags And Sacks Market Forecasts and Analysis
9.2.3 Europe Plastic Bags And Sacks Market Forecasts and Analysis - By Material Type
9.2.4 Europe Plastic Bags And Sacks Market Forecasts and Analysis - By Application
9.2.5 Europe Plastic Bags And Sacks Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Plastic Bags And Sacks Market
9.2.5.1.1 Germany Plastic Bags And Sacks Market by Material Type
9.2.5.1.2 Germany Plastic Bags And Sacks Market by Application
9.2.5.2 France Plastic Bags And Sacks Market
9.2.5.2.1 France Plastic Bags And Sacks Market by Material Type
9.2.5.2.2 France Plastic Bags And Sacks Market by Application
9.2.5.3 Italy Plastic Bags And Sacks Market
9.2.5.3.1 Italy Plastic Bags And Sacks Market by Material Type
9.2.5.3.2 Italy Plastic Bags And Sacks Market by Application
9.2.5.4 United Kingdom Plastic Bags And Sacks Market
9.2.5.4.1 United Kingdom Plastic Bags And Sacks Market by Material Type
9.2.5.4.2 United Kingdom Plastic Bags And Sacks Market by Application
9.2.5.5 Rest of Europe Plastic Bags And Sacks Market
9.2.5.5.1 Rest of Europe Plastic Bags And Sacks Market by Material Type
9.2.5.5.2 Rest of Europe Plastic Bags And Sacks Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Plastic Bags And Sacks Market Overview
9.3.2 Asia-Pacific Plastic Bags And Sacks Market Forecasts and Analysis
9.3.3 Asia-Pacific Plastic Bags And Sacks Market Forecasts and Analysis - By Material Type
9.3.4 Asia-Pacific Plastic Bags And Sacks Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Plastic Bags And Sacks Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Plastic Bags And Sacks Market
9.3.5.1.1 Australia Plastic Bags And Sacks Market by Material Type
9.3.5.1.2 Australia Plastic Bags And Sacks Market by Application
9.3.5.2 China Plastic Bags And Sacks Market
9.3.5.2.1 China Plastic Bags And Sacks Market by Material Type
9.3.5.2.2 China Plastic Bags And Sacks Market by Application
9.3.5.3 India Plastic Bags And Sacks Market
9.3.5.3.1 India Plastic Bags And Sacks Market by Material Type
9.3.5.3.2 India Plastic Bags And Sacks Market by Application
9.3.5.4 Japan Plastic Bags And Sacks Market
9.3.5.4.1 Japan Plastic Bags And Sacks Market by Material Type
9.3.5.4.2 Japan Plastic Bags And Sacks Market by Application
9.3.5.5 South Korea Plastic Bags And Sacks Market
9.3.5.5.1 South Korea Plastic Bags And Sacks Market by Material Type
9.3.5.5.2 South Korea Plastic Bags And Sacks Market by Application
9.3.5.6 Rest of Asia-Pacific Plastic Bags And Sacks Market
9.3.5.6.1 Rest of Asia-Pacific Plastic Bags And Sacks Market by Material Type
9.3.5.6.2 Rest of Asia-Pacific Plastic Bags And Sacks Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Plastic Bags And Sacks Market Overview
9.4.2 Middle East and Africa Plastic Bags And Sacks Market Forecasts and Analysis
9.4.3 Middle East and Africa Plastic Bags And Sacks Market Forecasts and Analysis - By Material Type
9.4.4 Middle East and Africa Plastic Bags And Sacks Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Plastic Bags And Sacks Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Plastic Bags And Sacks Market
9.4.5.1.1 South Africa Plastic Bags And Sacks Market by Material Type
9.4.5.1.2 South Africa Plastic Bags And Sacks Market by Application
9.4.5.2 Saudi Arabia Plastic Bags And Sacks Market
9.4.5.2.1 Saudi Arabia Plastic Bags And Sacks Market by Material Type
9.4.5.2.2 Saudi Arabia Plastic Bags And Sacks Market by Application
9.4.5.3 U.A.E Plastic Bags And Sacks Market
9.4.5.3.1 U.A.E Plastic Bags And Sacks Market by Material Type
9.4.5.3.2 U.A.E Plastic Bags And Sacks Market by Application
9.4.5.4 Rest of Middle East and Africa Plastic Bags And Sacks Market
9.4.5.4.1 Rest of Middle East and Africa Plastic Bags And Sacks Market by Material Type
9.4.5.4.2 Rest of Middle East and Africa Plastic Bags And Sacks Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Plastic Bags And Sacks Market Overview
9.5.2 South and Central America Plastic Bags And Sacks Market Forecasts and Analysis
9.5.3 South and Central America Plastic Bags And Sacks Market Forecasts and Analysis - By Material Type
9.5.4 South and Central America Plastic Bags And Sacks Market Forecasts and Analysis - By Application
9.5.5 South and Central America Plastic Bags And Sacks Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Plastic Bags And Sacks Market
9.5.5.1.1 Brazil Plastic Bags And Sacks Market by Material Type
9.5.5.1.2 Brazil Plastic Bags And Sacks Market by Application
9.5.5.2 Argentina Plastic Bags And Sacks Market
9.5.5.2.1 Argentina Plastic Bags And Sacks Market by Material Type
9.5.5.2.2 Argentina Plastic Bags And Sacks Market by Application
9.5.5.3 Rest of South and Central America Plastic Bags And Sacks Market
9.5.5.3.1 Rest of South and Central America Plastic Bags And Sacks Market by Material Type
9.5.5.3.2 Rest of South and Central America Plastic Bags And Sacks Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PLASTIC BAGS AND SACKS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. PLASTIC BAGS AND SACKS MARKET, KEY COMPANY PROFILES
12.1. RUTAN POLY INDUSTRIES, INC.
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. BERRY PLASTICS INC.
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. NOVOLEX HOLDINGS, INC.
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. MONDI GROUP
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. AMPAC HOLDINGS, LLC
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. INTERNATIONAL PLASTICS INC.
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. BISCHOF AND KLEIN GMBH AND CO.
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. INTERPLAST GROUP
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. STARLINGER AND CO.
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. HANOI PLASTIC BAG JSC
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
- Rutan Poly Industries, Inc.
- Berry Plastics Inc.
- Novolex Holdings, Inc.
- Mondi Group
- Ampac Holdings, LLC
- International Plastics Inc.
- Bischof and Klein GmbH and Co.
- Interplast Group
- Starlinger and Co.
- Hanoi Plastic Bag JSC
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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