Sustainable Packaging Market Dynamics 2021-2031
Sustainable packaging refers to the creation and usage of packaging that is more environmentally friendly. Green packaging is becoming more popular as people become more concerned about the environment. According to studies, the use of plastics results in the production of more than 200 million tonnes of garbage. In addition, this trash contributes to landfills, soil contamination, and soil fertility loss. The demand for sustainable packaging solutions has risen as a result of these factors. The recent trend of preferring lightweight packaging materials has propelled the sustainable packaging market's expansion. The demand for sustainable packaging that is light-weighted and recyclable has grown as a result of consumer preferences for cost-effective, light-weighted, and biodegradable packaging.
MARKET DYNAMICS
The sustainable packaging industry is growing as people become more aware of the importance of recycling and reusing products to protect the environment from harmful consequences. Additionally, the advent of biodegradable packaging materials has offered consumers with an environmentally friendly and nutritious option. This approach has aided in the development of new dimensions for innovation. Various activities have been conducted by social support groups that support the environmental conservation cause to raise environmental awareness among the general public. These organisations are critical in persuading people about the environment and its benefits, as well as ensuring that a big portion of the population turns their focus to environmental conservation.
MARKET SCOPE
The "Global Sustainable Packaging Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the sustainable packaging market with detailed market segmentation by material type, packaging type and application. The global sustainable packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sustainable packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sustainable packaging market is segmented into material type, packaging type and application. By material type, the sustainable packaging market is classified into paper and paperboard, glass, metal and others. By packaging type, the sustainable packaging market is classified into cans, pouches, boxes and others. By application, the sustainable packaging market is classified into food and beverages, healthcare, personal care 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 sustainable packaging market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sustainable 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 sustainable packaging market from both demand and supply side. Further, it 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 sustainable 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 sustainable packaging market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sustainable 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 sustainable packaging market from both demand and supply side. Further, it 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 sustainable packaging market in these regions.
MARKET PLAYERS
The report covers vital developments in the sustainable 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 players from the sustainable packaging market are anticipated to witness lucrative growth opportunities in the future with the rising demand sustainable packaging in the global market. Below mentioned is the list of few companies engaged in the sustainable packaging market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sustainable packaging market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Amcor plc
- Ardagh Group S. A.
- BASF SE
- WestRock Company
- Elopak AS
- Mondi Limited
- Plastipak Holdings, Inc.
- Sealed Air Corporation
- Tetra Pak International SA
- Uflex Limited
- 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 Sustainable Packaging Market - By Material Type
1. 3. 2 Sustainable Packaging Market - By Packaging Type
1. 3. 3 Sustainable Packaging Market - By Application
1. 3. 4 Sustainable Packaging Market - By Region
1. 3. 4. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUSTAINABLE PACKAGING 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. SUSTAINABLE 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. SUSTAINABLE PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6. 1. SUSTAINABLE PACKAGING - GLOBAL MARKET OVERVIEW
6. 2. SUSTAINABLE PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING
7. SUSTAINABLE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7. 1. OVERVIEW
7. 2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7. 3. PAPER AND PAPERBOARD
7. 3. 1. Overview
7. 3. 2. Paper and Paperboard Market Forecast and Analysis
7. 4. GLASS
7. 4. 1. Overview
7. 4. 2. Glass Market Forecast and Analysis
7. 5. METAL
7. 5. 1. Overview
7. 5. 2. Metal Market Forecast and Analysis
7. 6. OTHERS
7. 6. 1. Overview
7. 6. 2. Others Market Forecast and Analysis
8. SUSTAINABLE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
8. 1. OVERVIEW
8. 2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
8. 3. CANS
8. 3. 1. Overview
8. 3. 2. Cans Market Forecast and Analysis
8. 4. POUCHES
8. 4. 1. Overview
8. 4. 2. Pouches Market Forecast and Analysis
8. 5. BOXES
8. 5. 1. Overview
8. 5. 2. Boxes Market Forecast and Analysis
8. 6. OTHERS
8. 6. 1. Overview
8. 6. 2. Others Market Forecast and Analysis
9. SUSTAINABLE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9. 1. OVERVIEW
9. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
9. 3. FOOD AND BEVERAGES
9. 3. 1. Overview
9. 3. 2. Food and Beverages Market Forecast and Analysis
9. 4. HEALTHCARE
9. 4. 1. Overview
9. 4. 2. Healthcare Market Forecast and Analysis
9. 5. PERSONAL CARE
9. 5. 1. Overview
9. 5. 2. Personal Care Market Forecast and Analysis
9. 6. OTHERS
9. 6. 1. Overview
9. 6. 2. Others Market Forecast and Analysis
10. SUSTAINABLE PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Sustainable Packaging Market Overview
10. 1. 2 North America Sustainable Packaging Market Forecasts and Analysis
10. 1. 3 North America Sustainable Packaging Market Forecasts and Analysis - By Material Type
10. 1. 4 North America Sustainable Packaging Market Forecasts and Analysis - By Packaging Type
10. 1. 5 North America Sustainable Packaging Market Forecasts and Analysis - By Application
10. 1. 6 North America Sustainable Packaging Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Sustainable Packaging Market
10. 1. 6. 1. 1 United States Sustainable Packaging Market by Material Type
10. 1. 6. 1. 2 United States Sustainable Packaging Market by Packaging Type
10. 1. 6. 1. 3 United States Sustainable Packaging Market by Application
10. 1. 6. 2 Canada Sustainable Packaging Market
10. 1. 6. 2. 1 Canada Sustainable Packaging Market by Material Type
10. 1. 6. 2. 2 Canada Sustainable Packaging Market by Packaging Type
10. 1. 6. 2. 3 Canada Sustainable Packaging Market by Application
10. 1. 6. 3 Mexico Sustainable Packaging Market
10. 1. 6. 3. 1 Mexico Sustainable Packaging Market by Material Type
10. 1. 6. 3. 2 Mexico Sustainable Packaging Market by Packaging Type
10. 1. 6. 3. 3 Mexico Sustainable Packaging Market by Application
10. 2. EUROPE
10. 2. 1 Europe Sustainable Packaging Market Overview
10. 2. 2 Europe Sustainable Packaging Market Forecasts and Analysis
10. 2. 3 Europe Sustainable Packaging Market Forecasts and Analysis - By Material Type
10. 2. 4 Europe Sustainable Packaging Market Forecasts and Analysis - By Packaging Type
10. 2. 5 Europe Sustainable Packaging Market Forecasts and Analysis - By Application
10. 2. 6 Europe Sustainable Packaging Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Sustainable Packaging Market
10. 2. 6. 1. 1 Germany Sustainable Packaging Market by Material Type
10. 2. 6. 1. 2 Germany Sustainable Packaging Market by Packaging Type
10. 2. 6. 1. 3 Germany Sustainable Packaging Market by Application
10. 2. 6. 2 France Sustainable Packaging Market
10. 2. 6. 2. 1 France Sustainable Packaging Market by Material Type
10. 2. 6. 2. 2 France Sustainable Packaging Market by Packaging Type
10. 2. 6. 2. 3 France Sustainable Packaging Market by Application
10. 2. 6. 3 Italy Sustainable Packaging Market
10. 2. 6. 3. 1 Italy Sustainable Packaging Market by Material Type
10. 2. 6. 3. 2 Italy Sustainable Packaging Market by Packaging Type
10. 2. 6. 3. 3 Italy Sustainable Packaging Market by Application
10. 2. 6. 4 United Kingdom Sustainable Packaging Market
10. 2. 6. 4. 1 United Kingdom Sustainable Packaging Market by Material Type
10. 2. 6. 4. 2 United Kingdom Sustainable Packaging Market by Packaging Type
10. 2. 6. 4. 3 United Kingdom Sustainable Packaging Market by Application
10. 2. 6. 5 Russia Sustainable Packaging Market
10. 2. 6. 5. 1 Russia Sustainable Packaging Market by Material Type
10. 2. 6. 5. 2 Russia Sustainable Packaging Market by Packaging Type
10. 2. 6. 5. 3 Russia Sustainable Packaging Market by Application
10. 2. 6. 6 Rest of Europe Sustainable Packaging Market
10. 2. 6. 6. 1 Rest of Europe Sustainable Packaging Market by Material Type
10. 2. 6. 6. 2 Rest of Europe Sustainable Packaging Market by Packaging Type
10. 2. 6. 6. 3 Rest of Europe Sustainable Packaging Market by Application
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Sustainable Packaging Market Overview
10. 3. 2 Asia-Pacific Sustainable Packaging Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Sustainable Packaging Market Forecasts and Analysis - By Material Type
10. 3. 4 Asia-Pacific Sustainable Packaging Market Forecasts and Analysis - By Packaging Type
10. 3. 5 Asia-Pacific Sustainable Packaging Market Forecasts and Analysis - By Application
10. 3. 6 Asia-Pacific Sustainable Packaging Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Sustainable Packaging Market
10. 3. 6. 1. 1 Australia Sustainable Packaging Market by Material Type
10. 3. 6. 1. 2 Australia Sustainable Packaging Market by Packaging Type
10. 3. 6. 1. 3 Australia Sustainable Packaging Market by Application
10. 3. 6. 2 China Sustainable Packaging Market
10. 3. 6. 2. 1 China Sustainable Packaging Market by Material Type
10. 3. 6. 2. 2 China Sustainable Packaging Market by Packaging Type
10. 3. 6. 2. 3 China Sustainable Packaging Market by Application
10. 3. 6. 3 India Sustainable Packaging Market
10. 3. 6. 3. 1 India Sustainable Packaging Market by Material Type
10. 3. 6. 3. 2 India Sustainable Packaging Market by Packaging Type
10. 3. 6. 3. 3 India Sustainable Packaging Market by Application
10. 3. 6. 4 Japan Sustainable Packaging Market
10. 3. 6. 4. 1 Japan Sustainable Packaging Market by Material Type
10. 3. 6. 4. 2 Japan Sustainable Packaging Market by Packaging Type
10. 3. 6. 4. 3 Japan Sustainable Packaging Market by Application
10. 3. 6. 5 South Korea Sustainable Packaging Market
10. 3. 6. 5. 1 South Korea Sustainable Packaging Market by Material Type
10. 3. 6. 5. 2 South Korea Sustainable Packaging Market by Packaging Type
10. 3. 6. 5. 3 South Korea Sustainable Packaging Market by Application
10. 3. 6. 6 Rest of Asia-Pacific Sustainable Packaging Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Sustainable Packaging Market by Material Type
10. 3. 6. 6. 2 Rest of Asia-Pacific Sustainable Packaging Market by Packaging Type
10. 3. 6. 6. 3 Rest of Asia-Pacific Sustainable Packaging Market by Application
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Sustainable Packaging Market Overview
10. 4. 2 Middle East and Africa Sustainable Packaging Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Sustainable Packaging Market Forecasts and Analysis - By Material Type
10. 4. 4 Middle East and Africa Sustainable Packaging Market Forecasts and Analysis - By Packaging Type
10. 4. 5 Middle East and Africa Sustainable Packaging Market Forecasts and Analysis - By Application
10. 4. 6 Middle East and Africa Sustainable Packaging Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Sustainable Packaging Market
10. 4. 6. 1. 1 South Africa Sustainable Packaging Market by Material Type
10. 4. 6. 1. 2 South Africa Sustainable Packaging Market by Packaging Type
10. 4. 6. 1. 3 South Africa Sustainable Packaging Market by Application
10. 4. 6. 2 U. A. E Sustainable Packaging Market
10. 4. 6. 2. 1 U. A. E Sustainable Packaging Market by Material Type
10. 4. 6. 2. 2 U. A. E Sustainable Packaging Market by Packaging Type
10. 4. 6. 2. 3 U. A. E Sustainable Packaging Market by Application
10. 4. 6. 3 Rest of Middle East and Africa Sustainable Packaging Market
10. 4. 6. 3. 1 Rest of Middle East and Africa Sustainable Packaging Market by Material Type
10. 4. 6. 3. 2 Rest of Middle East and Africa Sustainable Packaging Market by Packaging Type
10. 4. 6. 3. 3 Rest of Middle East and Africa Sustainable Packaging Market by Application
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Sustainable Packaging Market Overview
10. 5. 2 South and Central America Sustainable Packaging Market Forecasts and Analysis
10. 5. 3 South and Central America Sustainable Packaging Market Forecasts and Analysis - By Material Type
10. 5. 4 South and Central America Sustainable Packaging Market Forecasts and Analysis - By Packaging Type
10. 5. 5 South and Central America Sustainable Packaging Market Forecasts and Analysis - By Application
10. 5. 6 South and Central America Sustainable Packaging Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Sustainable Packaging Market
10. 5. 6. 1. 1 Brazil Sustainable Packaging Market by Material Type
10. 5. 6. 1. 2 Brazil Sustainable Packaging Market by Packaging Type
10. 5. 6. 1. 3 Brazil Sustainable Packaging Market by Application
10. 5. 6. 2 Argentina Sustainable Packaging Market
10. 5. 6. 2. 1 Argentina Sustainable Packaging Market by Material Type
10. 5. 6. 2. 2 Argentina Sustainable Packaging Market by Packaging Type
10. 5. 6. 2. 3 Argentina Sustainable Packaging Market by Application
10. 5. 6. 3 Rest of South and Central America Sustainable Packaging Market
10. 5. 6. 3. 1 Rest of South and Central America Sustainable Packaging Market by Material Type
10. 5. 6. 3. 2 Rest of South and Central America Sustainable Packaging Market by Packaging Type
10. 5. 6. 3. 3 Rest of South and Central America Sustainable Packaging 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. SUSTAINABLE PACKAGING 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. ARDAGH GROUP S. A.
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. BASF SE
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. WESTROCK 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. ELOPAK AS
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 LIMITED
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. PLASTIPAK HOLDINGS, INC.
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. SEALED AIR CORPORATION
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. TETRA PAK INTERNATIONAL SA
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. UFLEX LIMITED
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
The List Of Companies
- Amcor plc
- Ardagh Group S. A.
- BASF SE
- WestRock Company
- Elopak AS
- Mondi Limited
- Plastipak Holdings, Inc.
- Sealed Air Corporation
- Tetra Pak International SA
- Uflex Limited
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.