Sack Kraft Paper Market Growth Report 2021 to 2031
The Sack Kraft Paper Market is expected to register a CAGR of 3% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The sack kraft papet market report is segmented by packing type (valve sacks and open mouth sacks). The market is segmented based on application (food, chemicals, animal feed, building material, and others). 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, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Sack Kraft Paper 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.
Sack Kraft Paper Market Segmentation
Packing Type- Valve Sacks and Open Mouth Sacks
- Food
- Chemicals
- Animal Feed
- Building Material
Strategic Insights
Sack Kraft Paper Market Growth Drivers- Growing demand for eco-friendly products: The unceasing focus on sustainability has promoted the need for eco-friendly products such as sack kraft paper. In order to satisfy the public concern about the pollution generated by plastic, whichever disposable packaging includes, all but a few manufacturers have dropped the use of plastic wrapping and marketing containers and adopted kraft paper, which is eminently suitable for its biodegradability and renewability from trees grown for the purpose. Sectors such as the food industry, agriculture, and construction are turning more towards paper than ever before, hence increasing the consumption of sack kraft paper in various products such as flour, sugar, and animal feed.
- Growing popularity of online shopping: One of the most significant changes that have arisen from the development of the internet is e-commerce and online shopping. It has been noted that as more people use the internet to purchase goods, there has been a growing need for effective and green means of packaging material. Sack kraft paper instructions are stated where the articles of the language on the wrapper possess bulk in nature or require hard case packing. The development of online retail, amongst other things, will be accompanied by growth in demand for environmentally friendly packs, which is expected to increase the usage of sack kraft paper by e-commerce businesses.
- Adoption of sack kraft paper across industries: The sack kraft paper has been utilized in many industries applications due to its reliable strength and durability as well as its flexibility. It is often used for the packing of different raw materials in bulk, for instance cement, chemicals as well as food additives. The need for sack kraft paper goes beyond the domestic borders with the level of industrialization in developing nations like Kenya, Zambia etc. Cheaper building materials coupled with new chemical industries will no doubt support an increase in the demand for sack kraft paper. In addition to this, new advances in paper coatings and strengthening techniques are enabling it to target even more high-end uses of the products, growing its scope further.
- Product innovations by manufacturers: In order to keep up with the demands of more diverse applications likely to encompass liquid, chemical, or even perishable goods packaging, suppliers are devising multilayered and/or barrier-coated sack kraft papers more frequently. These features offer the versatility of conventional sack kraft paper enhanced with additional water, oil, and tear-resistant capabilities. Such growing demand is expected to give more space for the use of sack kraft paper in sectors such as food and beverage, pharmaceuticals, and chemicals; hence, more complex products will be developed.
- Technological innovations in packaging process: Technologies for digital printing on filling materials are changing the manner packaging is used by brands. Modern companies are able to impose gorgeous patterns, quilted logos, and advertising texts on sack Kraft papers thanks to the growth of digital printing on Kraft paper. This improvement not only beautifies the packing for decorated products but also makes it easy to produce short runs of decorative packaging. Soaring e-commerce and increasing appeal toward great customization will necessitate digital printing technology on sack kraft paper as a gear in the effective marketing strategy.
- Increasing awareness of the importance of circular economy: The increasing attention to the circular economy concepts practiced where materials are reused rather than wasted will affect the sack kraft paper market. Suppliers are more and more implementing a minimum waste strategy by organizing recycling activities and consuming reprocessed paper fibers. Developments such as compostable coatings and bio-based additives are also on the rise. Companies in the future, as consumers will shift more sustainably in all their operations, will focus more on making supply chains.
- Growing industrialization in emerging economies: The growth of regions such as the Asia-Pacific, Latin America, and Africa, as it relates to the process of industrialization, will result in a rise in the need for packaging materials, particularly sack kraft paper, among others. These regions are experiencing fast urbanization and increasing populations of the middle class which in turn is increasing the need for retail and industrial packaging as well. In addition to that, due to construction activities in these areas and increasing consumerism, there is immense market penetration potential for manufacturers of sack kraft paper to increase their market size.
- Penetrating the retail sector: The retail sector presents considerable potential for the growth of the sack kraft paper market which is due to the increasing use of paper-filled sacks as a replacement for plastic-filled sacks. A movement stressing the importance of sustainable packaging for retailers is gaining dominance, and nowadays, the use of sack kraft paper bags is rightly considered a green, renewable resource. The implementation of measures to ban plastic use by most governments will see the wholesale distribution of this environmentally friendly material, which is likely to be the sack kraft paper, particularly in retail stores that sell groceries, gifts, and clothes.
- High potential in food industry: The food and beverage industry has high potential, which can be tapped into with sack kraft paper, especially with the growth in the number of consumers looking for natural and organic options. Packaged products such as flour, rice, noodles, and even some animal food that are dry food items are widely encased in kraft paper for it is both strong and friendly to mother nature. In relation to the products that usually come in plastic containers, such as chips and ready-to-eat products, there is a growing market for sack kraft paper. Due to the ongoing proliferation of environmentally conscious consumers, the food and beverages sector will remain an effective market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sack Kraft Paper 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 Sack Kraft Paper 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
Have 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 Sack Kraft Paper Market is estimated to witness a CAGR of 3% from 2023 to 2031
Increasing demand for sustainable packaging is driving the market growth.
Nordic Paper, Smurfit Kappa, Mondi PLC, BillerudKorsnäs, Gascogne Group, Papiersackfabrik Alfred Rockenfeller GmbH, Segezha-Group, Fiorini Packaging SpA, Saccarta S.p.a., and Jonsac AB are the key players operating in the sack kraft paper market.
Based on application, the food segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the sack kraft paper market due to the strong growth of the food and animal feed industry in the region.
Shift toward multilayer and barrier-coated sack kraft paper 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
1.3.1 Sack Kraft Paper Market - By Packaging Type
1.3.2 Sack Kraft Paper Market - By Product Type
1.3.3 Sack Kraft Paper Market - By End-User
1.3.4 Sack Kraft Paper Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SACK KRAFT PAPER 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. SACK KRAFT PAPER 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. SACK KRAFT PAPER MARKET - GLOBAL MARKET ANALYSIS
6.1. SACK KRAFT PAPER - GLOBAL MARKET OVERVIEW
6.2. SACK KRAFT PAPER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SACK KRAFT PAPER MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
7.1. OVERVIEW
7.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
7.3. VALVE SACK
7.3.1. Overview
7.3.2. Valve Sack Market Forecast and Analysis
7.4. OPEN MOUTH SACK
7.4.1. Overview
7.4.2. Open Mouth Sack Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SACK KRAFT PAPER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. NATURAL
8.3.1. Overview
8.3.2. Natural Market Forecast and Analysis
8.4. BLEACHED
8.4.1. Overview
8.4.2. Bleached Market Forecast and Analysis
9. SACK KRAFT PAPER MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. FOOD
9.3.1. Overview
9.3.2. Food Market Forecast and Analysis
9.4. CHEMICAL
9.4.1. Overview
9.4.2. Chemical Market Forecast and Analysis
9.5. CEMENT AND BUILDING MATERIAL
9.5.1. Overview
9.5.2. Cement and Building Material Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. SACK KRAFT PAPER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Sack Kraft Paper Market Overview
10.1.2 North America Sack Kraft Paper Market Forecasts and Analysis
10.1.3 North America Sack Kraft Paper Market Forecasts and Analysis - By Packaging Type
10.1.4 North America Sack Kraft Paper Market Forecasts and Analysis - By Product Type
10.1.5 North America Sack Kraft Paper Market Forecasts and Analysis - By End-User
10.1.6 North America Sack Kraft Paper Market Forecasts and Analysis - By Countries
10.1.6.1 United States Sack Kraft Paper Market
10.1.6.1.1 United States Sack Kraft Paper Market by Packaging Type
10.1.6.1.2 United States Sack Kraft Paper Market by Product Type
10.1.6.1.3 United States Sack Kraft Paper Market by End-User
10.1.6.2 Canada Sack Kraft Paper Market
10.1.6.2.1 Canada Sack Kraft Paper Market by Packaging Type
10.1.6.2.2 Canada Sack Kraft Paper Market by Product Type
10.1.6.2.3 Canada Sack Kraft Paper Market by End-User
10.1.6.3 Mexico Sack Kraft Paper Market
10.1.6.3.1 Mexico Sack Kraft Paper Market by Packaging Type
10.1.6.3.2 Mexico Sack Kraft Paper Market by Product Type
10.1.6.3.3 Mexico Sack Kraft Paper Market by End-User
10.2. EUROPE
10.2.1 Europe Sack Kraft Paper Market Overview
10.2.2 Europe Sack Kraft Paper Market Forecasts and Analysis
10.2.3 Europe Sack Kraft Paper Market Forecasts and Analysis - By Packaging Type
10.2.4 Europe Sack Kraft Paper Market Forecasts and Analysis - By Product Type
10.2.5 Europe Sack Kraft Paper Market Forecasts and Analysis - By End-User
10.2.6 Europe Sack Kraft Paper Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Sack Kraft Paper Market
10.2.6.1.1 Germany Sack Kraft Paper Market by Packaging Type
10.2.6.1.2 Germany Sack Kraft Paper Market by Product Type
10.2.6.1.3 Germany Sack Kraft Paper Market by End-User
10.2.6.2 France Sack Kraft Paper Market
10.2.6.2.1 France Sack Kraft Paper Market by Packaging Type
10.2.6.2.2 France Sack Kraft Paper Market by Product Type
10.2.6.2.3 France Sack Kraft Paper Market by End-User
10.2.6.3 Italy Sack Kraft Paper Market
10.2.6.3.1 Italy Sack Kraft Paper Market by Packaging Type
10.2.6.3.2 Italy Sack Kraft Paper Market by Product Type
10.2.6.3.3 Italy Sack Kraft Paper Market by End-User
10.2.6.4 United Kingdom Sack Kraft Paper Market
10.2.6.4.1 United Kingdom Sack Kraft Paper Market by Packaging Type
10.2.6.4.2 United Kingdom Sack Kraft Paper Market by Product Type
10.2.6.4.3 United Kingdom Sack Kraft Paper Market by End-User
10.2.6.5 Russia Sack Kraft Paper Market
10.2.6.5.1 Russia Sack Kraft Paper Market by Packaging Type
10.2.6.5.2 Russia Sack Kraft Paper Market by Product Type
10.2.6.5.3 Russia Sack Kraft Paper Market by End-User
10.2.6.6 Rest of Europe Sack Kraft Paper Market
10.2.6.6.1 Rest of Europe Sack Kraft Paper Market by Packaging Type
10.2.6.6.2 Rest of Europe Sack Kraft Paper Market by Product Type
10.2.6.6.3 Rest of Europe Sack Kraft Paper Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Sack Kraft Paper Market Overview
10.3.2 Asia-Pacific Sack Kraft Paper Market Forecasts and Analysis
10.3.3 Asia-Pacific Sack Kraft Paper Market Forecasts and Analysis - By Packaging Type
10.3.4 Asia-Pacific Sack Kraft Paper Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Sack Kraft Paper Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Sack Kraft Paper Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Sack Kraft Paper Market
10.3.6.1.1 Australia Sack Kraft Paper Market by Packaging Type
10.3.6.1.2 Australia Sack Kraft Paper Market by Product Type
10.3.6.1.3 Australia Sack Kraft Paper Market by End-User
10.3.6.2 China Sack Kraft Paper Market
10.3.6.2.1 China Sack Kraft Paper Market by Packaging Type
10.3.6.2.2 China Sack Kraft Paper Market by Product Type
10.3.6.2.3 China Sack Kraft Paper Market by End-User
10.3.6.3 India Sack Kraft Paper Market
10.3.6.3.1 India Sack Kraft Paper Market by Packaging Type
10.3.6.3.2 India Sack Kraft Paper Market by Product Type
10.3.6.3.3 India Sack Kraft Paper Market by End-User
10.3.6.4 Japan Sack Kraft Paper Market
10.3.6.4.1 Japan Sack Kraft Paper Market by Packaging Type
10.3.6.4.2 Japan Sack Kraft Paper Market by Product Type
10.3.6.4.3 Japan Sack Kraft Paper Market by End-User
10.3.6.5 South Korea Sack Kraft Paper Market
10.3.6.5.1 South Korea Sack Kraft Paper Market by Packaging Type
10.3.6.5.2 South Korea Sack Kraft Paper Market by Product Type
10.3.6.5.3 South Korea Sack Kraft Paper Market by End-User
10.3.6.6 Rest of Asia-Pacific Sack Kraft Paper Market
10.3.6.6.1 Rest of Asia-Pacific Sack Kraft Paper Market by Packaging Type
10.3.6.6.2 Rest of Asia-Pacific Sack Kraft Paper Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Sack Kraft Paper Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Sack Kraft Paper Market Overview
10.4.2 Middle East and Africa Sack Kraft Paper Market Forecasts and Analysis
10.4.3 Middle East and Africa Sack Kraft Paper Market Forecasts and Analysis - By Packaging Type
10.4.4 Middle East and Africa Sack Kraft Paper Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Sack Kraft Paper Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Sack Kraft Paper Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Sack Kraft Paper Market
10.4.6.1.1 South Africa Sack Kraft Paper Market by Packaging Type
10.4.6.1.2 South Africa Sack Kraft Paper Market by Product Type
10.4.6.1.3 South Africa Sack Kraft Paper Market by End-User
10.4.6.2 Saudi Arabia Sack Kraft Paper Market
10.4.6.2.1 Saudi Arabia Sack Kraft Paper Market by Packaging Type
10.4.6.2.2 Saudi Arabia Sack Kraft Paper Market by Product Type
10.4.6.2.3 Saudi Arabia Sack Kraft Paper Market by End-User
10.4.6.3 U.A.E Sack Kraft Paper Market
10.4.6.3.1 U.A.E Sack Kraft Paper Market by Packaging Type
10.4.6.3.2 U.A.E Sack Kraft Paper Market by Product Type
10.4.6.3.3 U.A.E Sack Kraft Paper Market by End-User
10.4.6.4 Rest of Middle East and Africa Sack Kraft Paper Market
10.4.6.4.1 Rest of Middle East and Africa Sack Kraft Paper Market by Packaging Type
10.4.6.4.2 Rest of Middle East and Africa Sack Kraft Paper Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Sack Kraft Paper Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Sack Kraft Paper Market Overview
10.5.2 South and Central America Sack Kraft Paper Market Forecasts and Analysis
10.5.3 South and Central America Sack Kraft Paper Market Forecasts and Analysis - By Packaging Type
10.5.4 South and Central America Sack Kraft Paper Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Sack Kraft Paper Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Sack Kraft Paper Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Sack Kraft Paper Market
10.5.6.1.1 Brazil Sack Kraft Paper Market by Packaging Type
10.5.6.1.2 Brazil Sack Kraft Paper Market by Product Type
10.5.6.1.3 Brazil Sack Kraft Paper Market by End-User
10.5.6.2 Argentina Sack Kraft Paper Market
10.5.6.2.1 Argentina Sack Kraft Paper Market by Packaging Type
10.5.6.2.2 Argentina Sack Kraft Paper Market by Product Type
10.5.6.2.3 Argentina Sack Kraft Paper Market by End-User
10.5.6.3 Rest of South and Central America Sack Kraft Paper Market
10.5.6.3.1 Rest of South and Central America Sack Kraft Paper Market by Packaging Type
10.5.6.3.2 Rest of South and Central America Sack Kraft Paper Market by Product Type
10.5.6.3.3 Rest of South and Central America Sack Kraft Paper Market by End-User
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. SACK KRAFT PAPER MARKET, KEY COMPANY PROFILES
12.1. BILLERUDKORSNäS
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. CANFOR CORPORATION
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. GASCOGNE GROUP
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. INTERNATIONAL PAPER COMPANY
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. KAPSTONE PAPER AND PACKAGING CORPORATION
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. MONDI PLC
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. NATRON-HAYAT D.O.O.
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. NORDIC PAPER
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. SEGEZHA GROUP
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. WESTROCK COMPANY
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. BillerudKorsnäs
2. Canfor Corporation
3. Gascogne Group
4. International Paper Company
5. KapStone Paper and Packaging Corporation
6. Mondi PLC
7. Natron-Hayat d.o.o.
8. Nordic Paper
9. Segezha Group
10. WestRock Company
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.
Get Free Sample For