Sustainable Plastic Packaging Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Sustainable plastic not only decomposes naturally, but it also reduces packaging waste, which helps to keep the environment clean. When compared to regular plastic packaging, which produces even more devastation, sustainable plastic packaging is less hazardous to the environment. It is biodegradable and environmentally friendly, making it an excellent choice for both makers and buyers. In comparison to other traditional bulky packaging materials, sustainable plastic packaging is light and easy to transport. It also takes up less space, allowing for the transportation of more commodities. Plastic packaging that is environmentally friendly can be recycled and reused. Tensile strength, lightweight, and transparency are some of the attributes that make it more visually appealing and user friendly to clients. Flexible and rigid plastic packaging forms are available for sustainable plastic packaging. Customers choose flexible packaging for lighter and more handy goods, whereas rigid packaging is best for big and weighty items.
MARKET DYNAMICS
Due to various green initiatives taken by conglomerates towards reducing plastic packaging, companies are now adopting ecological packaging material which decomposes easily and reduces carbon footprint. Sustainable plastic packaging is highly used in the food industry as store and take-out food containers, labels and tags, wraps and packets among others. The growth of the food industry all over the world is helping sustainable plastic packaging industry to intensify its demand. Users also want environmentally friendly packaging that they can reuse in the future. Based on end-use, sustainable plastic packaging is further divided into Healthcare, Personal & Household Care Electronics, and Others, with the share of these segments steadily increasing. With the advent of e-commerce, the market's desire for environmentally friendly plastic packaging has risen.
MARKET SCOPE
The "Global Sustainable Plastic 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 plastic packaging market with detailed market segmentation by packaging type and application. The global sustainable plastic 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 plastic packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sustainable plastic packaging market is segmented into packaging type and application. By packaging type, the sustainable plastic packaging market is classified into cans, pouches, boxes, and others. By application, the sustainable plastic packaging market is classified into food and beverages, chemicals and materials, cosmetics and personal care, pharmaceuticals 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 plastic 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 plastic 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 plastic 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 plastic 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 plastic 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 plastic 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 plastic 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 plastic packaging market in these regions.
MARKET PLAYERS
The report covers vital developments in the sustainable plastic 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 3d printing elastomers market are anticipated to witness lucrative growth opportunities in the future with the rising demand sustainable plastic packaging in the global market. Below mentioned is the list of few companies engaged in the sustainable plastic packaging market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sustainable plastic 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.
- Sonoco Products Company
- Sealed Air
- Huhtamaki Global
- Berry Global Inc.
- WestRock Company
- Tetra Pak
- Mondi
- BASF SE
- Smurfit Kappa
- 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 Plastic Packaging Market - By Packaging Type
1. 3. 2 Sustainable Plastic Packaging Market - By Application
1. 3. 3 Sustainable Plastic Packaging Market - By Region
1. 3. 3. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUSTAINABLE PLASTIC 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 PLASTIC 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 PLASTIC PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6. 1. SUSTAINABLE PLASTIC PACKAGING - GLOBAL MARKET OVERVIEW
6. 2. SUSTAINABLE PLASTIC PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING
7. SUSTAINABLE PLASTIC PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
7. 1. OVERVIEW
7. 2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
7. 3. CANS
7. 3. 1. Overview
7. 3. 2. Cans Market Forecast and Analysis
7. 4. POUCHES
7. 4. 1. Overview
7. 4. 2. Pouches Market Forecast and Analysis
7. 5. BOXES
7. 5. 1. Overview
7. 5. 2. Boxes Market Forecast and Analysis
7. 6. OTHERS
7. 6. 1. Overview
7. 6. 2. Others Market Forecast and Analysis
8. SUSTAINABLE PLASTIC PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. FOOD AND BEVERAGES
8. 3. 1. Overview
8. 3. 2. Food and Beverages Market Forecast and Analysis
8. 4. CHEMICALS AND MATERIALS
8. 4. 1. Overview
8. 4. 2. Chemicals and Materials Market Forecast and Analysis
8. 5. COSMETICS AND PERSONAL CARE
8. 5. 1. Overview
8. 5. 2. Cosmetics and Personal Care Market Forecast and Analysis
8. 6. PHARMACEUTICALS
8. 6. 1. Overview
8. 6. 2. Pharmaceuticals Market Forecast and Analysis
8. 7. OTHERS
8. 7. 1. Overview
8. 7. 2. Others Market Forecast and Analysis
9. SUSTAINABLE PLASTIC PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1 North America Sustainable Plastic Packaging Market Overview
9. 1. 2 North America Sustainable Plastic Packaging Market Forecasts and Analysis
9. 1. 3 North America Sustainable Plastic Packaging Market Forecasts and Analysis - By Packaging Type
9. 1. 4 North America Sustainable Plastic Packaging Market Forecasts and Analysis - By Application
9. 1. 5 North America Sustainable Plastic Packaging Market Forecasts and Analysis - By Countries
9. 1. 5. 1 United States Sustainable Plastic Packaging Market
9. 1. 5. 1. 1 United States Sustainable Plastic Packaging Market by Packaging Type
9. 1. 5. 1. 2 United States Sustainable Plastic Packaging Market by Application
9. 1. 5. 2 Canada Sustainable Plastic Packaging Market
9. 1. 5. 2. 1 Canada Sustainable Plastic Packaging Market by Packaging Type
9. 1. 5. 2. 2 Canada Sustainable Plastic Packaging Market by Application
9. 1. 5. 3 Mexico Sustainable Plastic Packaging Market
9. 1. 5. 3. 1 Mexico Sustainable Plastic Packaging Market by Packaging Type
9. 1. 5. 3. 2 Mexico Sustainable Plastic Packaging Market by Application
9. 2. EUROPE
9. 2. 1 Europe Sustainable Plastic Packaging Market Overview
9. 2. 2 Europe Sustainable Plastic Packaging Market Forecasts and Analysis
9. 2. 3 Europe Sustainable Plastic Packaging Market Forecasts and Analysis - By Packaging Type
9. 2. 4 Europe Sustainable Plastic Packaging Market Forecasts and Analysis - By Application
9. 2. 5 Europe Sustainable Plastic Packaging Market Forecasts and Analysis - By Countries
9. 2. 5. 1 Germany Sustainable Plastic Packaging Market
9. 2. 5. 1. 1 Germany Sustainable Plastic Packaging Market by Packaging Type
9. 2. 5. 1. 2 Germany Sustainable Plastic Packaging Market by Application
9. 2. 5. 2 France Sustainable Plastic Packaging Market
9. 2. 5. 2. 1 France Sustainable Plastic Packaging Market by Packaging Type
9. 2. 5. 2. 2 France Sustainable Plastic Packaging Market by Application
9. 2. 5. 3 Italy Sustainable Plastic Packaging Market
9. 2. 5. 3. 1 Italy Sustainable Plastic Packaging Market by Packaging Type
9. 2. 5. 3. 2 Italy Sustainable Plastic Packaging Market by Application
9. 2. 5. 4 United Kingdom Sustainable Plastic Packaging Market
9. 2. 5. 4. 1 United Kingdom Sustainable Plastic Packaging Market by Packaging Type
9. 2. 5. 4. 2 United Kingdom Sustainable Plastic Packaging Market by Application
9. 2. 5. 5 Russia Sustainable Plastic Packaging Market
9. 2. 5. 5. 1 Russia Sustainable Plastic Packaging Market by Packaging Type
9. 2. 5. 5. 2 Russia Sustainable Plastic Packaging Market by Application
9. 2. 5. 6 Rest of Europe Sustainable Plastic Packaging Market
9. 2. 5. 6. 1 Rest of Europe Sustainable Plastic Packaging Market by Packaging Type
9. 2. 5. 6. 2 Rest of Europe Sustainable Plastic Packaging Market by Application
9. 3. ASIA-PACIFIC
9. 3. 1 Asia-Pacific Sustainable Plastic Packaging Market Overview
9. 3. 2 Asia-Pacific Sustainable Plastic Packaging Market Forecasts and Analysis
9. 3. 3 Asia-Pacific Sustainable Plastic Packaging Market Forecasts and Analysis - By Packaging Type
9. 3. 4 Asia-Pacific Sustainable Plastic Packaging Market Forecasts and Analysis - By Application
9. 3. 5 Asia-Pacific Sustainable Plastic Packaging Market Forecasts and Analysis - By Countries
9. 3. 5. 1 Australia Sustainable Plastic Packaging Market
9. 3. 5. 1. 1 Australia Sustainable Plastic Packaging Market by Packaging Type
9. 3. 5. 1. 2 Australia Sustainable Plastic Packaging Market by Application
9. 3. 5. 2 China Sustainable Plastic Packaging Market
9. 3. 5. 2. 1 China Sustainable Plastic Packaging Market by Packaging Type
9. 3. 5. 2. 2 China Sustainable Plastic Packaging Market by Application
9. 3. 5. 3 India Sustainable Plastic Packaging Market
9. 3. 5. 3. 1 India Sustainable Plastic Packaging Market by Packaging Type
9. 3. 5. 3. 2 India Sustainable Plastic Packaging Market by Application
9. 3. 5. 4 Japan Sustainable Plastic Packaging Market
9. 3. 5. 4. 1 Japan Sustainable Plastic Packaging Market by Packaging Type
9. 3. 5. 4. 2 Japan Sustainable Plastic Packaging Market by Application
9. 3. 5. 5 South Korea Sustainable Plastic Packaging Market
9. 3. 5. 5. 1 South Korea Sustainable Plastic Packaging Market by Packaging Type
9. 3. 5. 5. 2 South Korea Sustainable Plastic Packaging Market by Application
9. 3. 5. 6 Rest of Asia-Pacific Sustainable Plastic Packaging Market
9. 3. 5. 6. 1 Rest of Asia-Pacific Sustainable Plastic Packaging Market by Packaging Type
9. 3. 5. 6. 2 Rest of Asia-Pacific Sustainable Plastic Packaging Market by Application
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1 Middle East and Africa Sustainable Plastic Packaging Market Overview
9. 4. 2 Middle East and Africa Sustainable Plastic Packaging Market Forecasts and Analysis
9. 4. 3 Middle East and Africa Sustainable Plastic Packaging Market Forecasts and Analysis - By Packaging Type
9. 4. 4 Middle East and Africa Sustainable Plastic Packaging Market Forecasts and Analysis - By Application
9. 4. 5 Middle East and Africa Sustainable Plastic Packaging Market Forecasts and Analysis - By Countries
9. 4. 5. 1 South Africa Sustainable Plastic Packaging Market
9. 4. 5. 1. 1 South Africa Sustainable Plastic Packaging Market by Packaging Type
9. 4. 5. 1. 2 South Africa Sustainable Plastic Packaging Market by Application
9. 4. 5. 2 Saudi Arabia Sustainable Plastic Packaging Market
9. 4. 5. 2. 1 Saudi Arabia Sustainable Plastic Packaging Market by Packaging Type
9. 4. 5. 2. 2 Saudi Arabia Sustainable Plastic Packaging Market by Application
9. 4. 5. 3 U. A. E Sustainable Plastic Packaging Market
9. 4. 5. 3. 1 U. A. E Sustainable Plastic Packaging Market by Packaging Type
9. 4. 5. 3. 2 U. A. E Sustainable Plastic Packaging Market by Application
9. 4. 5. 4 Rest of Middle East and Africa Sustainable Plastic Packaging Market
9. 4. 5. 4. 1 Rest of Middle East and Africa Sustainable Plastic Packaging Market by Packaging Type
9. 4. 5. 4. 2 Rest of Middle East and Africa Sustainable Plastic Packaging Market by Application
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1 South and Central America Sustainable Plastic Packaging Market Overview
9. 5. 2 South and Central America Sustainable Plastic Packaging Market Forecasts and Analysis
9. 5. 3 South and Central America Sustainable Plastic Packaging Market Forecasts and Analysis - By Packaging Type
9. 5. 4 South and Central America Sustainable Plastic Packaging Market Forecasts and Analysis - By Application
9. 5. 5 South and Central America Sustainable Plastic Packaging Market Forecasts and Analysis - By Countries
9. 5. 5. 1 Brazil Sustainable Plastic Packaging Market
9. 5. 5. 1. 1 Brazil Sustainable Plastic Packaging Market by Packaging Type
9. 5. 5. 1. 2 Brazil Sustainable Plastic Packaging Market by Application
9. 5. 5. 2 Argentina Sustainable Plastic Packaging Market
9. 5. 5. 2. 1 Argentina Sustainable Plastic Packaging Market by Packaging Type
9. 5. 5. 2. 2 Argentina Sustainable Plastic Packaging Market by Application
9. 5. 5. 3 Rest of South and Central America Sustainable Plastic Packaging Market
9. 5. 5. 3. 1 Rest of South and Central America Sustainable Plastic Packaging Market by Packaging Type
9. 5. 5. 3. 2 Rest of South and Central America Sustainable Plastic Packaging 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. SUSTAINABLE PLASTIC PACKAGING MARKET, KEY COMPANY PROFILES
11. 1. AMCOR PLC.
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. SONOCO PRODUCTS COMPANY
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. SEALED AIR
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. HUHTAMAKI GLOBAL
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. BERRY GLOBAL INC.
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. WESTROCK 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. TETRA PAK
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. MONDI
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. BASF SE
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. SMURFIT KAPPA
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
- Amcor Plc.
- Sonoco Products Company
- Sealed Air
- Huhtamaki Global
- Berry Global Inc.
- WestRock Company
- Tetra Pak
- Mondi
- BASF SE
- Smurfit Kappa
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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