Shrink Films Market Key Companies Profile and SWOT Analysis by 2031

Coverage: Shrink Flims Market covers analysis by Type (Printed, Unprinted); Application (Beverages packaging, Consumer product packaging, Food packaging, Industrial/bulk product packaging, Material goods packaging, Pharmaceuticals packaging) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00028993
  • Category : Chemicals and Materials
  • No. of Pages : 150
Buy Now

Shrink Films Market Report, Analysis, Opportunities by 2031

Buy Now

The Shrink Films 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.

Shrink Films Market covers analysis by Type (Printed, Unprinted); Application (Beverages packaging, Consumer product packaging, Food packaging, Industrial/bulk product packaging, Material goods packaging, Pharmaceuticals packaging), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Shrink film is made up of polymer plastic film. Plastic is covered to the product, and heat is applied to the covered plastic, which shrinks tightly over the product it is covering. The shrink plastic film is majorly used to wrap food, boxes, and bottles the shrink film polyolefin, PVC, polyethene, polypropylene and several other compositions.

Purpose of the Report

The report Shrink Films 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.

Shrink Films Market Segmentation

Type
  • Printed
  • Unprinted
Application
  • Beverages packaging
  • Consumer product packaging
  • Food packaging
  • Industrial/bulk product packaging
  • Material goods packaging
  • Pharmaceuticals packaging

Strategic Insights

Shrink Films Market Growth Drivers
  • The Shrink Film Need at Stake: Shrink films are extensively applied in packaging consumer goods such as beverages, food items and even personal care articles. The increasing demand for retail ready packaging with visibility and provision is also one of the contributing factors wherein more products are adopting shrink films. And it has become one of the reasons or a factor behind most manufacturers in different sectors looking under lightweight, low cost and variable forms.
  • Investigate the Growth of E-Commerce and Online Shopping: All of this has intensified the need for protective and efficient packaging. Shrink films are not only meant to sequester the delivery of products but also reduce damages incurred during shipping while improving the presentation of the products. E commerce being an emerging economy, shrink wraps will continue to do wonders for logistics and packaging as the businesses get more online.
  • Greener Packaging Materials: It is that trend towards sustainability in every aspect, including packaging, where eco-friendly shrink films have to take their place. This is mostly due to the fact that clients themselves demand for shrink films to be biodegradable, recyclable and compostable in nature, making it even more marketable as consumers reach out for greener alternatives to traditional packaging materials. Therefore, this factor leads into growing in the market.
Shrink Films Market Future Trends
  • Expansion of Sustainable Shrink Films: In the future, shrink films will solely be based on the requirements of eco-friendly materials. Shrink films are made of biodegradable and compostable materials such as PLA (polylactic acid) and recycled PET from renewable sources. Environmental regulations will continue to change in a direction to make the market variable have a greater focus on sustainable, and green substitutes for shrink films.
  • Developments in Smart Packaging: The increase in the use of shrink films in smart packaging is similar to future developments and new technologies, including the embedment of QR codes and RFID tags with temperature indicators. This will give the tracking, traceability, and customer experience greater value. Smart shrink films will be increasingly utilized across the supply chain, with added benefits of improved value through information sharing and customer experiences.
  • Rapidly Escalating Shrink Film Demands for Multi-Packaging Solutions: The automated bundling of products with shrink films will lead to an upsurge in consumer preferences, especially for multipack and bulk packs. The rapidly growing trend will occur, for example, in beverages, toiletries, and household products, where many products are to be bundled more securely and made more appealing and convenient for consumers.
Shrink Films Market Opportunities
  • Emerging Market Expansion: This middle class creates dynamic conditions for shrink film manufacturers because of the city developments throughout the Asia-Pacific, Latin America, and Africa regions. As the demand for packaged goods grows, it is expected that these increasingly urbanized areas will consume more shrink films, especially in the food and beverage, cosmetics, and personal care segments.
  • Technological Innovations in Shrink Film Machinery: More modern shrink film machinery such as high-speed shrink tunnels and automated packaging systems are now available to increase production processes' efficiency and streamline workflow. Manufacturers will invest in these innovations and reap the benefits of higher productivity, reduced wastage of materials, and greater speed and schedule compliance for high-demand markets.
  • Increase in Demand for Sustainable Packaging Solutions: With increasing awareness regarding plastic waste, there lies a potential to promote the use of recyclable and biodegradable shrink films among the other packaging. The brands now are looking for more packaging solutions that will suit their sustainable goals; this is a platform that manufacturers can use to mold ecofriendly shrink films and thus keep abreast of the growing need for sustainable packaging.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Shrink Films 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 Shrink Films 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
World Geography

Have a question?

Analyst

Shejal

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   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
MARKET PLAYERS
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the future trends in the market?

Growing demand for eco-friendly shrink films is an emerging trend in the market.

Based on geography, which region is expected to record a highest CAGR in the market.

The Asia Pacific market is expected to account for the highest CAGR during the forecast period, owing to the growing e-commerce industry in the region.

Which type segment accounted for the highest share in the shrink films market?

The printed type segment accounted for the largest market share in 2023

What are the driving factors impacting the shrink films market market?

Growing online retail is a key driver is a key driver in the market.

What are the key players operating in the shrink films market market?

AEP Group, Berry Global Inc., SIGMA STRETCH FILM, Fuji Seal, Inc., Anchor Packaging LLC, Dow Chemical Company, Intertape Polymer Group, Vintech Polymers Private Limited, Italindia PackPlus, and SUPER OLEFINs are some of the key players in the market.

What is the expected CAGR of the Shrink Films Market ?

The Shrink Films 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 Shrink Flims Market - By Type
1. 3. 2 Shrink Flims Market - By Application
1. 3. 3 Shrink Flims Market - By Region
1. 3. 3. 1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SHRINK FLIMS MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PORTER'S FIVE FORCES ANALYSIS
4. 2. 1 Bargaining Power of Buyers
4. 2. 1 Bargaining Power of Suppliers
4. 2. 1 Threat of Substitute
4. 2. 1 Threat of New Entrants
4. 2. 1 Competitive Rivalry
4. 3. EXPERT OPINIONS

5. SHRINK FLIMS 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. SHRINK FLIMS MARKET - GLOBAL MARKET ANALYSIS
6. 1. SHRINK FLIMS - GLOBAL MARKET OVERVIEW
6. 2. SHRINK FLIMS - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE

7. SHRINK FLIMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7. 1. OVERVIEW
7. 2. TYPE MARKET FORECASTS AND ANALYSIS
7. 3. PRINTED
7. 3. 1. Overview
7. 3. 2. Printed Market Forecast and Analysis
7. 4. UNPRINTED
7. 4. 1. Overview
7. 4. 2. Unprinted Market Forecast and Analysis

8. SHRINK FLIMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. BEVERAGES PACKAGING
8. 3. 1. Overview
8. 3. 2. Beverages packaging Market Forecast and Analysis
8. 4. CONSUMER PRODUCT PACKAGING
8. 4. 1. Overview
8. 4. 2. Consumer product packaging Market Forecast and Analysis
8. 5. FOOD PACKAGING
8. 5. 1. Overview
8. 5. 2. Food packaging Market Forecast and Analysis
8. 6. INDUSTRIAL/BULK PRODUCT PACKAGING
8. 6. 1. Overview
8. 6. 2. Industrial/bulk product packaging Market Forecast and Analysis
8. 7. MATERIAL GOODS PACKAGING
8. 7. 1. Overview
8. 7. 2. Material goods packaging Market Forecast and Analysis
8. 8. PHARMACEUTICALS PACKAGING
8. 8. 1. Overview
8. 8. 2. Pharmaceuticals packaging Market Forecast and Analysis

9. SHRINK FLIMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1 North America Shrink Flims Market Overview
9. 1. 2 North America Shrink Flims Market Forecasts and Analysis
9. 1. 3 North America Shrink Flims Market Forecasts and Analysis - By Type
9. 1. 4 North America Shrink Flims Market Forecasts and Analysis - By Application
9. 1. 5 North America Shrink Flims Market Forecasts and Analysis - By Countries
9. 1. 5. 1 United States Shrink Flims Market
9. 1. 5. 1. 1 United States Shrink Flims Market by Type
9. 1. 5. 1. 2 United States Shrink Flims Market by Application
9. 1. 5. 2 Canada Shrink Flims Market
9. 1. 5. 2. 1 Canada Shrink Flims Market by Type
9. 1. 5. 2. 2 Canada Shrink Flims Market by Application
9. 1. 5. 3 Mexico Shrink Flims Market
9. 1. 5. 3. 1 Mexico Shrink Flims Market by Type
9. 1. 5. 3. 2 Mexico Shrink Flims Market by Application
9. 2. EUROPE
9. 2. 1 Europe Shrink Flims Market Overview
9. 2. 2 Europe Shrink Flims Market Forecasts and Analysis
9. 2. 3 Europe Shrink Flims Market Forecasts and Analysis - By Type
9. 2. 4 Europe Shrink Flims Market Forecasts and Analysis - By Application
9. 2. 5 Europe Shrink Flims Market Forecasts and Analysis - By Countries
9. 2. 5. 1 Germany Shrink Flims Market
9. 2. 5. 1. 1 Germany Shrink Flims Market by Type
9. 2. 5. 1. 2 Germany Shrink Flims Market by Application
9. 2. 5. 2 France Shrink Flims Market
9. 2. 5. 2. 1 France Shrink Flims Market by Type
9. 2. 5. 2. 2 France Shrink Flims Market by Application
9. 2. 5. 3 Italy Shrink Flims Market
9. 2. 5. 3. 1 Italy Shrink Flims Market by Type
9. 2. 5. 3. 2 Italy Shrink Flims Market by Application
9. 2. 5. 4 United Kingdom Shrink Flims Market
9. 2. 5. 4. 1 United Kingdom Shrink Flims Market by Type
9. 2. 5. 4. 2 United Kingdom Shrink Flims Market by Application
9. 2. 5. 5 Russia Shrink Flims Market
9. 2. 5. 5. 1 Russia Shrink Flims Market by Type
9. 2. 5. 5. 2 Russia Shrink Flims Market by Application
9. 2. 5. 6 Rest of Europe Shrink Flims Market
9. 2. 5. 6. 1 Rest of Europe Shrink Flims Market by Type
9. 2. 5. 6. 2 Rest of Europe Shrink Flims Market by Application
9. 3. ASIA-PACIFIC
9. 3. 1 Asia-Pacific Shrink Flims Market Overview
9. 3. 2 Asia-Pacific Shrink Flims Market Forecasts and Analysis
9. 3. 3 Asia-Pacific Shrink Flims Market Forecasts and Analysis - By Type
9. 3. 4 Asia-Pacific Shrink Flims Market Forecasts and Analysis - By Application
9. 3. 5 Asia-Pacific Shrink Flims Market Forecasts and Analysis - By Countries
9. 3. 5. 1 Australia Shrink Flims Market
9. 3. 5. 1. 1 Australia Shrink Flims Market by Type
9. 3. 5. 1. 2 Australia Shrink Flims Market by Application
9. 3. 5. 2 China Shrink Flims Market
9. 3. 5. 2. 1 China Shrink Flims Market by Type
9. 3. 5. 2. 2 China Shrink Flims Market by Application
9. 3. 5. 3 India Shrink Flims Market
9. 3. 5. 3. 1 India Shrink Flims Market by Type
9. 3. 5. 3. 2 India Shrink Flims Market by Application
9. 3. 5. 4 Japan Shrink Flims Market
9. 3. 5. 4. 1 Japan Shrink Flims Market by Type
9. 3. 5. 4. 2 Japan Shrink Flims Market by Application
9. 3. 5. 5 South Korea Shrink Flims Market
9. 3. 5. 5. 1 South Korea Shrink Flims Market by Type
9. 3. 5. 5. 2 South Korea Shrink Flims Market by Application
9. 3. 5. 6 Rest of Asia-Pacific Shrink Flims Market
9. 3. 5. 6. 1 Rest of Asia-Pacific Shrink Flims Market by Type
9. 3. 5. 6. 2 Rest of Asia-Pacific Shrink Flims Market by Application
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1 Middle East and Africa Shrink Flims Market Overview
9. 4. 2 Middle East and Africa Shrink Flims Market Forecasts and Analysis
9. 4. 3 Middle East and Africa Shrink Flims Market Forecasts and Analysis - By Type
9. 4. 4 Middle East and Africa Shrink Flims Market Forecasts and Analysis - By Application
9. 4. 5 Middle East and Africa Shrink Flims Market Forecasts and Analysis - By Countries
9. 4. 5. 1 South Africa Shrink Flims Market
9. 4. 5. 1. 1 South Africa Shrink Flims Market by Type
9. 4. 5. 1. 2 South Africa Shrink Flims Market by Application
9. 4. 5. 2 Saudi Arabia Shrink Flims Market
9. 4. 5. 2. 1 Saudi Arabia Shrink Flims Market by Type
9. 4. 5. 2. 2 Saudi Arabia Shrink Flims Market by Application
9. 4. 5. 3 U. A. E Shrink Flims Market
9. 4. 5. 3. 1 U. A. E Shrink Flims Market by Type
9. 4. 5. 3. 2 U. A. E Shrink Flims Market by Application
9. 4. 5. 4 Rest of Middle East and Africa Shrink Flims Market
9. 4. 5. 4. 1 Rest of Middle East and Africa Shrink Flims Market by Type
9. 4. 5. 4. 2 Rest of Middle East and Africa Shrink Flims Market by Application
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1 South and Central America Shrink Flims Market Overview
9. 5. 2 South and Central America Shrink Flims Market Forecasts and Analysis
9. 5. 3 South and Central America Shrink Flims Market Forecasts and Analysis - By Type
9. 5. 4 South and Central America Shrink Flims Market Forecasts and Analysis - By Application
9. 5. 5 South and Central America Shrink Flims Market Forecasts and Analysis - By Countries
9. 5. 5. 1 Brazil Shrink Flims Market
9. 5. 5. 1. 1 Brazil Shrink Flims Market by Type
9. 5. 5. 1. 2 Brazil Shrink Flims Market by Application
9. 5. 5. 2 Argentina Shrink Flims Market
9. 5. 5. 2. 1 Argentina Shrink Flims Market by Type
9. 5. 5. 2. 2 Argentina Shrink Flims Market by Application
9. 5. 5. 3 Rest of South and Central America Shrink Flims Market
9. 5. 5. 3. 1 Rest of South and Central America Shrink Flims Market by Type
9. 5. 5. 3. 2 Rest of South and Central America Shrink Flims 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. SHRINK FLIMS MARKET, KEY COMPANY PROFILES
11. 1. AEP GROUP
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. BERRY GLOBAL INC.
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. SIGMA STRETCH FILM
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. FUJI SEAL, INC.
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. ANCHOR PACKAGING LLC
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. DOW CHEMICAL COMPANY
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. INTERTAPE POLYMER GROUP
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. VINTECH POLYMERS PRIVATE LIMITED
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. ITALINDIA PACKPLUS
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. SUPER OLEFINS
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

The List Of Companies

  1. AEP Group
  2. Berry Global Inc. 
  3. SIGMA STRETCH FILM
  4. Fuji Seal, Inc. 
  5. Anchor Packaging LLC
  6. Dow Chemical Company
  7. Intertape Polymer Group
  8. Vintech Polymers Private Limited
  9. Italindia PackPlus
  10. SUPER OLEFINs

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Chemicals and Materials : READ MORE..