Retort Pouches Market Growth Report 2021 to 2031
The Retort Pouches Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Retort Pouches Market covers analysis By Material (Polypropylene, Polyethylene, PET, Aluminium foil, Others); Types (Stand-up Pouch, Pillow Pack Pouch, Others); Application (Food, Beverages, Pet Food, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Retort pouches are a type of packaging made from a laminate of flexible plastic and metal foils. Retort pouches can withstand high temperature and intense pressure. They also have excellent barrier properties. Retort pouches are easy to use and requires a limited space. Retort pouches are made by using material like PET, PE, polypropylene, aluminium films etc.
Purpose of the ReportThe report Retort Pouches 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.
Retort Pouches Market Segmentation
Material- Polypropylene
- Polyethylene
- PET
- Aluminium foil
- Others
- Stand-up Pouch
- Pillow Pack Pouch
- Others
- Food
- Beverages
- Pet Food
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Retort Pouches Market Growth Drivers- Growth of Retort Pouch Market: The growing demand for ready-to-eat, on-the-go meals is driving the retort pouches market. These pouches provide a convenient, portable, and easy-to-store option for consumers, especially for products like soups, sauces, and prepared meals that require minimal preparation and offer extended shelf life.
- Retort Pouches for Convenience: The retort pouch market is expanding because of consumer demands for products that need not be refrigerated. Preserving food using the method of packaging keeps food edible for months without compromising its quality, thus offering a long shelf life to perishable foods-a perfect answer for busy people, travelers, and outdoor buffs.
- Innovation Driving Retort Pouch Growth: Market growth is characterized by continuing innovation in retort pouch materials: improved barrier films, enhancements in sealability, and greater heat resistance. These developments ensure that food quality can be maintained while producing retort pouches that offer improved strength and convenience for manufacturers and consumers alike.
- Growing Demand for Sustainable Packaging: Together with increasing awareness of the environment, there is a growing need for greater environmentally friendly packaging solutions. The retort pouch is more compact and lighter in weight than canned and glass jars. In the retort pouches, there are sustainable benefits regarding packaging waste and transportation costs due to the reduction, thus creating a preferred entry into environmentally-conscious markets.
- Retort Pouches in Pet Food: Retort pouches are increasingly being used in the pet food industry for packaging purposes as their ability to maintain nutritional integrity and freshness of pet food for a long period of time increases the preference for the same. With increasing pet ownership and demand for quality, high-status pet food, the retort pouches market is witnessing rapid growth.
- Advantages of Retort Pouches: Retort pouches are much lighter and more compact than the traditional packaging types like cans and glass jars, affording high weight and space efficiency. The flexible and lightweight nature of retort pouches is perfectly well-suited for storage, shipping, and consumer convenience that contributes to its food, beverage, and non-food applications for which it has become popular.
- Rising Demand for Retort Pouches: Emerging demand for packaged and processed foods in developed markets is the main driver for retort pouch demand. It has resolved the problem of a convenient and affordable packaging solution wherein the flavor, texture, and nutrient content are retained in food and beverage products.
- E-Commerce Boosting Retort Pouch Market: Increases in the companies related to e-commerce and delivery services of food products have increased demands for convenient, nonbreakable, and shelf-stable packaging. The best solution to this market is the retort pouch as it is very lightweight, low-cost, and product freshness preservation capability during transportation to become the increasing market for them.
- Retort Pouches in Outdoor & Emergency Foods: Retort pouches are one of the popular applications in the outdoor, camping, and emergency food markets, as their products can be stored without refrigeration. The trend toward greater consideration of emergency preparedness, survival kits, and outdoor recreation activities is further driving demand for retort-pouched foods, especially for those with longer shelf life.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Retort Pouches 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 Retort Pouches 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
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
Favorable advancements in technology is an emerging trend in the market
The North America market is expected to account for the highest CAGR during the forecast period owing to the growing food and beverage industry in the region.
The food and beverage application segment accounted for the largest market share in 2023
Growing demand for packaged food products is a key driver in the market
Amcor plc, Sealed Air, ProAmpac, Coveris Worlds, Sonoco Products Company, Huhtamaki Flexible Packaging, Flexible Constants, FLAIR, Flexible Packaging Corporation, and WINPAK LTD are some of the key players in the market
The Retort Pouches Market is estimated to witness a CAGR of 6% 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 Retort Pouches Market - By Material
1.3.2 Retort Pouches Market - By Types
1.3.3 Retort Pouches Market - By Application
1.3.4 Retort Pouches Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RETORT POUCHES 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. RETORT POUCHES 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. RETORT POUCHES MARKET - GLOBAL MARKET ANALYSIS
6.1. RETORT POUCHES - GLOBAL MARKET OVERVIEW
6.2. RETORT POUCHES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. RETORT POUCHES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. POLYPROPYLENE
7.3.1. Overview
7.3.2. Polypropylene Market Forecast and Analysis
7.4. POLYETHYLENE
7.4.1. Overview
7.4.2. Polyethylene Market Forecast and Analysis
7.5. PET
7.5.1. Overview
7.5.2. PET Market Forecast and Analysis
7.6. ALUMINIUM FOIL
7.6.1. Overview
7.6.2. Aluminium foil Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. RETORT POUCHES MARKET - REVENUE AND FORECASTS TO 2028 - TYPES
8.1. OVERVIEW
8.2. TYPES MARKET FORECASTS AND ANALYSIS
8.3. STAND-UP POUCH
8.3.1. Overview
8.3.2. Stand-up Pouch Market Forecast and Analysis
8.4. PILLOW PACK POUCH
8.4.1. Overview
8.4.2. Pillow Pack Pouch Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. RETORT POUCHES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FOOD
9.3.1. Overview
9.3.2. Food Market Forecast and Analysis
9.4. BEVERAGES
9.4.1. Overview
9.4.2. Beverages Market Forecast and Analysis
9.5. PET FOOD
9.5.1. Overview
9.5.2. Pet Food Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. RETORT POUCHES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Retort Pouches Market Overview
10.1.2 North America Retort Pouches Market Forecasts and Analysis
10.1.3 North America Retort Pouches Market Forecasts and Analysis - By Material
10.1.4 North America Retort Pouches Market Forecasts and Analysis - By Types
10.1.5 North America Retort Pouches Market Forecasts and Analysis - By Application
10.1.6 North America Retort Pouches Market Forecasts and Analysis - By Countries
10.1.6.1 United States Retort Pouches Market
10.1.6.1.1 United States Retort Pouches Market by Material
10.1.6.1.2 United States Retort Pouches Market by Types
10.1.6.1.3 United States Retort Pouches Market by Application
10.1.6.2 Canada Retort Pouches Market
10.1.6.2.1 Canada Retort Pouches Market by Material
10.1.6.2.2 Canada Retort Pouches Market by Types
10.1.6.2.3 Canada Retort Pouches Market by Application
10.1.6.3 Mexico Retort Pouches Market
10.1.6.3.1 Mexico Retort Pouches Market by Material
10.1.6.3.2 Mexico Retort Pouches Market by Types
10.1.6.3.3 Mexico Retort Pouches Market by Application
10.2. EUROPE
10.2.1 Europe Retort Pouches Market Overview
10.2.2 Europe Retort Pouches Market Forecasts and Analysis
10.2.3 Europe Retort Pouches Market Forecasts and Analysis - By Material
10.2.4 Europe Retort Pouches Market Forecasts and Analysis - By Types
10.2.5 Europe Retort Pouches Market Forecasts and Analysis - By Application
10.2.6 Europe Retort Pouches Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Retort Pouches Market
10.2.6.1.1 Germany Retort Pouches Market by Material
10.2.6.1.2 Germany Retort Pouches Market by Types
10.2.6.1.3 Germany Retort Pouches Market by Application
10.2.6.2 France Retort Pouches Market
10.2.6.2.1 France Retort Pouches Market by Material
10.2.6.2.2 France Retort Pouches Market by Types
10.2.6.2.3 France Retort Pouches Market by Application
10.2.6.3 Italy Retort Pouches Market
10.2.6.3.1 Italy Retort Pouches Market by Material
10.2.6.3.2 Italy Retort Pouches Market by Types
10.2.6.3.3 Italy Retort Pouches Market by Application
10.2.6.4 United Kingdom Retort Pouches Market
10.2.6.4.1 United Kingdom Retort Pouches Market by Material
10.2.6.4.2 United Kingdom Retort Pouches Market by Types
10.2.6.4.3 United Kingdom Retort Pouches Market by Application
10.2.6.5 Russia Retort Pouches Market
10.2.6.5.1 Russia Retort Pouches Market by Material
10.2.6.5.2 Russia Retort Pouches Market by Types
10.2.6.5.3 Russia Retort Pouches Market by Application
10.2.6.6 Rest of Europe Retort Pouches Market
10.2.6.6.1 Rest of Europe Retort Pouches Market by Material
10.2.6.6.2 Rest of Europe Retort Pouches Market by Types
10.2.6.6.3 Rest of Europe Retort Pouches Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Retort Pouches Market Overview
10.3.2 Asia-Pacific Retort Pouches Market Forecasts and Analysis
10.3.3 Asia-Pacific Retort Pouches Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Retort Pouches Market Forecasts and Analysis - By Types
10.3.5 Asia-Pacific Retort Pouches Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Retort Pouches Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Retort Pouches Market
10.3.6.1.1 Australia Retort Pouches Market by Material
10.3.6.1.2 Australia Retort Pouches Market by Types
10.3.6.1.3 Australia Retort Pouches Market by Application
10.3.6.2 China Retort Pouches Market
10.3.6.2.1 China Retort Pouches Market by Material
10.3.6.2.2 China Retort Pouches Market by Types
10.3.6.2.3 China Retort Pouches Market by Application
10.3.6.3 India Retort Pouches Market
10.3.6.3.1 India Retort Pouches Market by Material
10.3.6.3.2 India Retort Pouches Market by Types
10.3.6.3.3 India Retort Pouches Market by Application
10.3.6.4 Japan Retort Pouches Market
10.3.6.4.1 Japan Retort Pouches Market by Material
10.3.6.4.2 Japan Retort Pouches Market by Types
10.3.6.4.3 Japan Retort Pouches Market by Application
10.3.6.5 South Korea Retort Pouches Market
10.3.6.5.1 South Korea Retort Pouches Market by Material
10.3.6.5.2 South Korea Retort Pouches Market by Types
10.3.6.5.3 South Korea Retort Pouches Market by Application
10.3.6.6 Rest of Asia-Pacific Retort Pouches Market
10.3.6.6.1 Rest of Asia-Pacific Retort Pouches Market by Material
10.3.6.6.2 Rest of Asia-Pacific Retort Pouches Market by Types
10.3.6.6.3 Rest of Asia-Pacific Retort Pouches Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Retort Pouches Market Overview
10.4.2 Middle East and Africa Retort Pouches Market Forecasts and Analysis
10.4.3 Middle East and Africa Retort Pouches Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Retort Pouches Market Forecasts and Analysis - By Types
10.4.5 Middle East and Africa Retort Pouches Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Retort Pouches Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Retort Pouches Market
10.4.6.1.1 South Africa Retort Pouches Market by Material
10.4.6.1.2 South Africa Retort Pouches Market by Types
10.4.6.1.3 South Africa Retort Pouches Market by Application
10.4.6.2 Saudi Arabia Retort Pouches Market
10.4.6.2.1 Saudi Arabia Retort Pouches Market by Material
10.4.6.2.2 Saudi Arabia Retort Pouches Market by Types
10.4.6.2.3 Saudi Arabia Retort Pouches Market by Application
10.4.6.3 U.A.E Retort Pouches Market
10.4.6.3.1 U.A.E Retort Pouches Market by Material
10.4.6.3.2 U.A.E Retort Pouches Market by Types
10.4.6.3.3 U.A.E Retort Pouches Market by Application
10.4.6.4 Rest of Middle East and Africa Retort Pouches Market
10.4.6.4.1 Rest of Middle East and Africa Retort Pouches Market by Material
10.4.6.4.2 Rest of Middle East and Africa Retort Pouches Market by Types
10.4.6.4.3 Rest of Middle East and Africa Retort Pouches Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Retort Pouches Market Overview
10.5.2 South and Central America Retort Pouches Market Forecasts and Analysis
10.5.3 South and Central America Retort Pouches Market Forecasts and Analysis - By Material
10.5.4 South and Central America Retort Pouches Market Forecasts and Analysis - By Types
10.5.5 South and Central America Retort Pouches Market Forecasts and Analysis - By Application
10.5.6 South and Central America Retort Pouches Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Retort Pouches Market
10.5.6.1.1 Brazil Retort Pouches Market by Material
10.5.6.1.2 Brazil Retort Pouches Market by Types
10.5.6.1.3 Brazil Retort Pouches Market by Application
10.5.6.2 Argentina Retort Pouches Market
10.5.6.2.1 Argentina Retort Pouches Market by Material
10.5.6.2.2 Argentina Retort Pouches Market by Types
10.5.6.2.3 Argentina Retort Pouches Market by Application
10.5.6.3 Rest of South and Central America Retort Pouches Market
10.5.6.3.1 Rest of South and Central America Retort Pouches Market by Material
10.5.6.3.2 Rest of South and Central America Retort Pouches Market by Types
10.5.6.3.3 Rest of South and Central America Retort Pouches 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. RETORT POUCHES MARKET, KEY COMPANY PROFILES
12.1. AMCOR PLC
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. SEALED AIR
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. PROAMPAC.
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. COVERIS.
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. MONDI
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. SONOCO PRODUCTS COMPANY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. HUHTAMAKI FLEXIBLE PACKAGING
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. CONSTANTIA FLEXIBLES
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. FLAIR FLEXIBLE PACKAGING CORPORATION
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. WINPAK LTD.
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. Amcor plc
2. Sealed Air
3. ProAmpac.
4. Coveris.
5. Mondi
6. Sonoco Products Company
7. Huhtamaki Flexible Packaging
8. Constantia Flexibles
9. FLAIR Flexible Packaging Corporation
10. WINPAK LTD.
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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