Skin Packaging Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Skin packaging is a packaging form in which the product to be packed is placed on a cardboard piece, and a thin film of transparent plastic is used to cover the product. The plastic film is then softened with heat and vacuum to ensure a firm fit. Skin packing is prolifically used in the retail environment. Skin packaged products are often placed are usually placed on store aisles so as to allow shoppers to see the product without having to open it.
MARKET DYNAMICS
The growing popularity of skin packaging solutions employed by the meat industry to package meat and fish products at shopping malls, stores, and supermarkets to attract consumers has resulted in significant demand for skin packaging. Skin packaging significantly reduces the material needed for packaging while enhancing the visibility and appearance of food products to allure customers to buy the products. Moreover, the increased uses of skin packaging in packing frozen foods and ready-to-eat meals have also augmented the sales of skin packaging. With the rise in the number of women joining the workforce, increasing consumption of ready-to-eat meals, and rising urbanization, the demand for skin packaging used in the food and beverage sector is anticipated to rise in the forecast period.
MARKET SCOPE
The "Global Skin Packaging Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the skin packaging market with detailed market segmentation by type, base material, heat seal coating, application, and geography. The global skin packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading skin packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global skin packaging market is segmented on the basis of type, base material, heat seal coating, and application. On the basis of type, the skin packaging market is segmented into carded skin packaging and non-carded skin packaging. The skin packaging market on the basis of base materials is classified into plastic films, paper and paperboard, and others. Based on heat seal coating, the global skin packaging market is divided into water-based heat seal coating, solvent-based heat seal coating, and others. Based on the application, the global skin packaging market is divided into food, consumer goods, industrial goods, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global skin packaging market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The skin packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the skin packaging market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the skin packaging market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global skin packaging market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The skin packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the skin packaging market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the skin packaging market in these regions.
MARKET PLAYERS
The reports cover key developments in the skin packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the skin packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for skin packaging in the global market. Below mentioned is the list of few companies engaged in the skin packaging market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the skin packaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Bemis Company, Inc.
- Berry Plastics Group, Inc.
- Clondalkin Group Holdings B.V.
- Display Pack Inc.
- E.I. Du Pont De Nemours and Company
- G. Mondini SPA
- Linpac Packaging Limited
- Sealed Air Corporation
- The DOW Chemical Company
- Westrock Company
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Skin Packaging Market - By Type
1.3.2 Skin Packaging Market - By Base Material
1.3.3 Skin Packaging Market - By Heat Seal Coating
1.3.4 Skin Packaging Market - By Application
1.3.5 Skin Packaging Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SKIN PACKAGING 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. SKIN PACKAGING 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. SKIN PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. SKIN PACKAGING - GLOBAL MARKET OVERVIEW
6.2. SKIN PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SKIN PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARDED SKIN PACKAGING
7.3.1. Overview
7.3.2. Carded Skin Packaging Market Forecast and Analysis
7.4. NON-CARDED SKIN PACKAGING
7.4.1. Overview
7.4.2. Non-Carded Skin Packaging Market Forecast and Analysis
8. SKIN PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - BASE MATERIAL
8.1. OVERVIEW
8.2. BASE MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. PLASTIC FILMS
8.3.1. Overview
8.3.2. Plastic Films Market Forecast and Analysis
8.4. PAPER AND PAPERBOARD
8.4.1. Overview
8.4.2. Paper and Paperboard Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SKIN PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - HEAT SEAL COATING
9.1. OVERVIEW
9.2. HEAT SEAL COATING MARKET FORECASTS AND ANALYSIS
9.3. WATER-BASED HEAT SEAL COATING
9.3.1. Overview
9.3.2. Water-Based Heat Seal Coating Market Forecast and Analysis
9.4. SOLVENT-BASED HEAT SEAL COATING
9.4.1. Overview
9.4.2. Solvent-Based Heat Seal Coating Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. SKIN PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. FOOD
10.3.1. Overview
10.3.2. Food Market Forecast and Analysis
10.4. CONSUMER GOODS
10.4.1. Overview
10.4.2. Consumer Goods Market Forecast and Analysis
10.5. INDUSTRIAL GOODS
10.5.1. Overview
10.5.2. Industrial Goods Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. SKIN PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Skin Packaging Market Overview
11.1.2 North America Skin Packaging Market Forecasts and Analysis
11.1.3 North America Skin Packaging Market Forecasts and Analysis - By Type
11.1.4 North America Skin Packaging Market Forecasts and Analysis - By Base Material
11.1.5 North America Skin Packaging Market Forecasts and Analysis - By Heat Seal Coating
11.1.6 North America Skin Packaging Market Forecasts and Analysis - By Application
11.1.7 North America Skin Packaging Market Forecasts and Analysis - By Countries
11.1.7.1 United States Skin Packaging Market
11.1.7.1.1 United States Skin Packaging Market by Type
11.1.7.1.2 United States Skin Packaging Market by Base Material
11.1.7.1.3 United States Skin Packaging Market by Heat Seal Coating
11.1.7.1.4 United States Skin Packaging Market by Application
11.1.7.2 Canada Skin Packaging Market
11.1.7.2.1 Canada Skin Packaging Market by Type
11.1.7.2.2 Canada Skin Packaging Market by Base Material
11.1.7.2.3 Canada Skin Packaging Market by Heat Seal Coating
11.1.7.2.4 Canada Skin Packaging Market by Application
11.1.7.3 Mexico Skin Packaging Market
11.1.7.3.1 Mexico Skin Packaging Market by Type
11.1.7.3.2 Mexico Skin Packaging Market by Base Material
11.1.7.3.3 Mexico Skin Packaging Market by Heat Seal Coating
11.1.7.3.4 Mexico Skin Packaging Market by Application
11.2. EUROPE
11.2.1 Europe Skin Packaging Market Overview
11.2.2 Europe Skin Packaging Market Forecasts and Analysis
11.2.3 Europe Skin Packaging Market Forecasts and Analysis - By Type
11.2.4 Europe Skin Packaging Market Forecasts and Analysis - By Base Material
11.2.5 Europe Skin Packaging Market Forecasts and Analysis - By Heat Seal Coating
11.2.6 Europe Skin Packaging Market Forecasts and Analysis - By Application
11.2.7 Europe Skin Packaging Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Skin Packaging Market
11.2.7.1.1 Germany Skin Packaging Market by Type
11.2.7.1.2 Germany Skin Packaging Market by Base Material
11.2.7.1.3 Germany Skin Packaging Market by Heat Seal Coating
11.2.7.1.4 Germany Skin Packaging Market by Application
11.2.7.2 France Skin Packaging Market
11.2.7.2.1 France Skin Packaging Market by Type
11.2.7.2.2 France Skin Packaging Market by Base Material
11.2.7.2.3 France Skin Packaging Market by Heat Seal Coating
11.2.7.2.4 France Skin Packaging Market by Application
11.2.7.3 Italy Skin Packaging Market
11.2.7.3.1 Italy Skin Packaging Market by Type
11.2.7.3.2 Italy Skin Packaging Market by Base Material
11.2.7.3.3 Italy Skin Packaging Market by Heat Seal Coating
11.2.7.3.4 Italy Skin Packaging Market by Application
11.2.7.4 United Kingdom Skin Packaging Market
11.2.7.4.1 United Kingdom Skin Packaging Market by Type
11.2.7.4.2 United Kingdom Skin Packaging Market by Base Material
11.2.7.4.3 United Kingdom Skin Packaging Market by Heat Seal Coating
11.2.7.4.4 United Kingdom Skin Packaging Market by Application
11.2.7.5 Russia Skin Packaging Market
11.2.7.5.1 Russia Skin Packaging Market by Type
11.2.7.5.2 Russia Skin Packaging Market by Base Material
11.2.7.5.3 Russia Skin Packaging Market by Heat Seal Coating
11.2.7.5.4 Russia Skin Packaging Market by Application
11.2.7.6 Rest of Europe Skin Packaging Market
11.2.7.6.1 Rest of Europe Skin Packaging Market by Type
11.2.7.6.2 Rest of Europe Skin Packaging Market by Base Material
11.2.7.6.3 Rest of Europe Skin Packaging Market by Heat Seal Coating
11.2.7.6.4 Rest of Europe Skin Packaging Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Skin Packaging Market Overview
11.3.2 Asia-Pacific Skin Packaging Market Forecasts and Analysis
11.3.3 Asia-Pacific Skin Packaging Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Skin Packaging Market Forecasts and Analysis - By Base Material
11.3.5 Asia-Pacific Skin Packaging Market Forecasts and Analysis - By Heat Seal Coating
11.3.6 Asia-Pacific Skin Packaging Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Skin Packaging Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Skin Packaging Market
11.3.7.1.1 Australia Skin Packaging Market by Type
11.3.7.1.2 Australia Skin Packaging Market by Base Material
11.3.7.1.3 Australia Skin Packaging Market by Heat Seal Coating
11.3.7.1.4 Australia Skin Packaging Market by Application
11.3.7.2 China Skin Packaging Market
11.3.7.2.1 China Skin Packaging Market by Type
11.3.7.2.2 China Skin Packaging Market by Base Material
11.3.7.2.3 China Skin Packaging Market by Heat Seal Coating
11.3.7.2.4 China Skin Packaging Market by Application
11.3.7.3 India Skin Packaging Market
11.3.7.3.1 India Skin Packaging Market by Type
11.3.7.3.2 India Skin Packaging Market by Base Material
11.3.7.3.3 India Skin Packaging Market by Heat Seal Coating
11.3.7.3.4 India Skin Packaging Market by Application
11.3.7.4 Japan Skin Packaging Market
11.3.7.4.1 Japan Skin Packaging Market by Type
11.3.7.4.2 Japan Skin Packaging Market by Base Material
11.3.7.4.3 Japan Skin Packaging Market by Heat Seal Coating
11.3.7.4.4 Japan Skin Packaging Market by Application
11.3.7.5 South Korea Skin Packaging Market
11.3.7.5.1 South Korea Skin Packaging Market by Type
11.3.7.5.2 South Korea Skin Packaging Market by Base Material
11.3.7.5.3 South Korea Skin Packaging Market by Heat Seal Coating
11.3.7.5.4 South Korea Skin Packaging Market by Application
11.3.7.6 Rest of Asia-Pacific Skin Packaging Market
11.3.7.6.1 Rest of Asia-Pacific Skin Packaging Market by Type
11.3.7.6.2 Rest of Asia-Pacific Skin Packaging Market by Base Material
11.3.7.6.3 Rest of Asia-Pacific Skin Packaging Market by Heat Seal Coating
11.3.7.6.4 Rest of Asia-Pacific Skin Packaging Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Skin Packaging Market Overview
11.4.2 Middle East and Africa Skin Packaging Market Forecasts and Analysis
11.4.3 Middle East and Africa Skin Packaging Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Skin Packaging Market Forecasts and Analysis - By Base Material
11.4.5 Middle East and Africa Skin Packaging Market Forecasts and Analysis - By Heat Seal Coating
11.4.6 Middle East and Africa Skin Packaging Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Skin Packaging Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Skin Packaging Market
11.4.7.1.1 South Africa Skin Packaging Market by Type
11.4.7.1.2 South Africa Skin Packaging Market by Base Material
11.4.7.1.3 South Africa Skin Packaging Market by Heat Seal Coating
11.4.7.1.4 South Africa Skin Packaging Market by Application
11.4.7.2 Saudi Arabia Skin Packaging Market
11.4.7.2.1 Saudi Arabia Skin Packaging Market by Type
11.4.7.2.2 Saudi Arabia Skin Packaging Market by Base Material
11.4.7.2.3 Saudi Arabia Skin Packaging Market by Heat Seal Coating
11.4.7.2.4 Saudi Arabia Skin Packaging Market by Application
11.4.7.3 U.A.E Skin Packaging Market
11.4.7.3.1 U.A.E Skin Packaging Market by Type
11.4.7.3.2 U.A.E Skin Packaging Market by Base Material
11.4.7.3.3 U.A.E Skin Packaging Market by Heat Seal Coating
11.4.7.3.4 U.A.E Skin Packaging Market by Application
11.4.7.4 Rest of Middle East and Africa Skin Packaging Market
11.4.7.4.1 Rest of Middle East and Africa Skin Packaging Market by Type
11.4.7.4.2 Rest of Middle East and Africa Skin Packaging Market by Base Material
11.4.7.4.3 Rest of Middle East and Africa Skin Packaging Market by Heat Seal Coating
11.4.7.4.4 Rest of Middle East and Africa Skin Packaging Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Skin Packaging Market Overview
11.5.2 South and Central America Skin Packaging Market Forecasts and Analysis
11.5.3 South and Central America Skin Packaging Market Forecasts and Analysis - By Type
11.5.4 South and Central America Skin Packaging Market Forecasts and Analysis - By Base Material
11.5.5 South and Central America Skin Packaging Market Forecasts and Analysis - By Heat Seal Coating
11.5.6 South and Central America Skin Packaging Market Forecasts and Analysis - By Application
11.5.7 South and Central America Skin Packaging Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Skin Packaging Market
11.5.7.1.1 Brazil Skin Packaging Market by Type
11.5.7.1.2 Brazil Skin Packaging Market by Base Material
11.5.7.1.3 Brazil Skin Packaging Market by Heat Seal Coating
11.5.7.1.4 Brazil Skin Packaging Market by Application
11.5.7.2 Argentina Skin Packaging Market
11.5.7.2.1 Argentina Skin Packaging Market by Type
11.5.7.2.2 Argentina Skin Packaging Market by Base Material
11.5.7.2.3 Argentina Skin Packaging Market by Heat Seal Coating
11.5.7.2.4 Argentina Skin Packaging Market by Application
11.5.7.3 Rest of South and Central America Skin Packaging Market
11.5.7.3.1 Rest of South and Central America Skin Packaging Market by Type
11.5.7.3.2 Rest of South and Central America Skin Packaging Market by Base Material
11.5.7.3.3 Rest of South and Central America Skin Packaging Market by Heat Seal Coating
11.5.7.3.4 Rest of South and Central America Skin Packaging Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SKIN PACKAGING MARKET, KEY COMPANY PROFILES
13.1. BEMIS COMPANY, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BERRY PLASTICS GROUP, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CLONDALKIN GROUP HOLDINGS B.V.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DISPLAY PACK INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. E.I. DU PONT DE NEMOURS AND COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. G. MONDINI SPA
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. LINPAC PACKAGING LIMITED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SEALED AIR CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. THE DOW CHEMICAL COMPANY
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WESTROCK COMPANY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Bemis Company, Inc.
2. Berry Plastics Group, Inc.
3. Clondalkin Group Holdings B.V.
4. Display Pack Inc.
5 .E.I. Du Pont De Nemours and Company
6. G. Mondini SPA
7. Linpac Packaging Limited
8. Sealed Air Corporation
9. The DOW Chemical Company
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.
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