Turf Protection Market Strategies and Share 2031
Turf is a surface layer of land, constituting grass and the earth in which the roots grow. Artificial turf is a ground cover which looks exactly like natural grass. It is made up of synthetic fibers. Mostly, these turfs are used in arenas of sports, especially the ones played on grass. However, these turfs have secured its place in residential lawns and commercial applications. The most advantageous feature of artificial turfs are that require no irrigation or trimming. Besides this, have a long life span. Turf protection are systems and methods adopted to provide a safe, trip free surface and protect the turfs from pedestrians and vehicular traffic.
MARKET DYNAMICS
The key factor driving the turf protection market is the rising demand from residential and commercial property developments along with increasing number of golf courses and other related sport fields. Besides this, adoption of integrated pest management system in turf industry also drives the growth of the market. However, periodic cleaning requirements, use of petroleum & toxic materials, together with heightening health and safety concerns, curbs the growth of turf protection market to a greater extent. It is further anticipated that there will be upsurge in the demand for bio-based turf protection products, which will fuel the growth of the market in the years to come.
MARKET SCOPE
The "Turf Protection Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the turf protection market with detailed market segmentation by solution, form, product, crop type, application and geography. The global turf protection market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading turf protection players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global turf protection market is segmented on the basis of solution, form, product, crop type, application and geography. On the basis of solution, the market classify into biological, chemical and mechanical. The market on the basis of form is broken into liquid and powder. As per product the market is bifurcated into stress protection, pest protection and scarification. The maket on the basis of crop type is divided into cereals & oilseeds, fruits & vegetables and others. Finally as per application the market is segmented into seed dressing, seed coating, seed pelleting, foliar, solid 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 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 turf protection 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 turf protection 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 trend. 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 turf protection 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 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 turf protection 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 turf protection 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 trend. 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 turf protection market in these regions.
MARKET PLAYERS
The reports cover key developments in the turf protection 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from turf protection market are anticipated to lucrative growth opportunities in the future with the rising demand for turf protection in the global market. Below mentioned is the list of few companies engaged in the turf protection market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the turf protection 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 3 years, the key development in the past five years.
- Backyard Organics LLC
- Corebiologic, LLC
- DOW Agrosciences LLC
- Evans Turf Supplies Ltd.
- Idemitsu Kosan Co. Ltd.
- Lucerne Biotech U.K. Ltd.
- Nuturf Australia Pty. Ltd.
- Soil Technologies Corporation
- Syngenta AG
- The Andersons Inc.
- 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 Turf Protection Market - By Solution
1.3.2 Turf Protection Market - By Form
1.3.3 Turf Protection Market - By Product
1.3.4 Turf Protection Market - By Crop Type
1.3.5 Turf Protection Market - By Application
1.3.6 Turf Protection Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TURF PROTECTION 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. TURF PROTECTION 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TURF PROTECTION MARKET - GLOBAL MARKET ANALYSIS
6.1. TURF PROTECTION - GLOBAL MARKET OVERVIEW
6.2. TURF PROTECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
7.1. OVERVIEW
7.2. SOLUTION MARKET FORECASTS AND ANALYSIS
7.3. BIOLOGICAL
7.3.1. Overview
7.3.2. Biological Market Forecast and Analysis
7.4. CHEMICAL
7.4.1. Overview
7.4.2. Chemical Market Forecast and Analysis
7.5. MECHANICAL
7.5.1. Overview
7.5.2. Mechanical Market Forecast and Analysis
8. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. LIQUID
8.3.1. Overview
8.3.2. Liquid Market Forecast and Analysis
8.4. POWDER
8.4.1. Overview
8.4.2. Powder Market Forecast and Analysis
9. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
9.1. OVERVIEW
9.2. PRODUCT MARKET FORECASTS AND ANALYSIS
9.3. STRESS PROTECTION
9.3.1. Overview
9.3.2. Stress Protection Market Forecast and Analysis
9.4. PEST PROTECTION
9.4.1. Overview
9.4.2. Pest Protection Market Forecast and Analysis
9.5. SCARIFICATION
9.5.1. Overview
9.5.2. Scarification Market Forecast and Analysis
10. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
10.1. OVERVIEW
10.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
10.3. CEREALS AND OILSEEDS
10.3.1. Overview
10.3.2. Cereals and oilseeds Market Forecast and Analysis
10.4. FRUITS AND VEGETABLES
10.4.1. Overview
10.4.2. Fruits and vegetables Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis
11. TURF PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
11.1. OVERVIEW
11.2. APPLICATION MARKET FORECASTS AND ANALYSIS
11.3. SEED DRESSING
11.3.1. Overview
11.3.2. Seed Dressing Market Forecast and Analysis
11.4. SEED COATING
11.4.1. Overview
11.4.2. Seed Coating Market Forecast and Analysis
11.5. SEED PELLETING
11.5.1. Overview
11.5.2. Seed Pelleting Market Forecast and Analysis
11.6. FOLIAR
11.6.1. Overview
11.6.2. Foliar Market Forecast and Analysis
11.7. SOIL
11.7.1. Overview
11.7.2. Soil Market Forecast and Analysis
11.8. OTHERS
11.8.1. Overview
11.8.2. Others Market Forecast and Analysis
12. TURF PROTECTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Turf Protection Market Overview
12.1.2 North America Turf Protection Market Forecasts and Analysis
12.1.3 North America Turf Protection Market Forecasts and Analysis - By Solution
12.1.4 North America Turf Protection Market Forecasts and Analysis - By Form
12.1.5 North America Turf Protection Market Forecasts and Analysis - By Product
12.1.6 North America Turf Protection Market Forecasts and Analysis - By Crop Type
12.1.7 North America Turf Protection Market Forecasts and Analysis - By Application
12.1.8 North America Turf Protection Market Forecasts and Analysis - By Countries
12.1.8.1 Canada Turf Protection Market
12.1.8.1.1 Canada Turf Protection Market by Solution
12.1.8.1.2 Canada Turf Protection Market by Form
12.1.8.1.3 Canada Turf Protection Market by Product
12.1.8.1.4 Canada Turf Protection Market by Crop Type
12.1.8.1.5 Canada Turf Protection Market by Application
12.1.8.2 Mexico Turf Protection Market
12.1.8.2.1 Mexico Turf Protection Market by Solution
12.1.8.2.2 Mexico Turf Protection Market by Form
12.1.8.2.3 Mexico Turf Protection Market by Product
12.1.8.2.4 Mexico Turf Protection Market by Crop Type
12.1.8.2.5 Mexico Turf Protection Market by Application
12.1.8.3 US Turf Protection Market
12.1.8.3.1 US Turf Protection Market by Solution
12.1.8.3.2 US Turf Protection Market by Form
12.1.8.3.3 US Turf Protection Market by Product
12.1.8.3.4 US Turf Protection Market by Crop Type
12.1.8.3.5 US Turf Protection Market by Application
12.2. EUROPE
12.2.1 Europe Turf Protection Market Overview
12.2.2 Europe Turf Protection Market Forecasts and Analysis
12.2.3 Europe Turf Protection Market Forecasts and Analysis - By Solution
12.2.4 Europe Turf Protection Market Forecasts and Analysis - By Form
12.2.5 Europe Turf Protection Market Forecasts and Analysis - By Product
12.2.6 Europe Turf Protection Market Forecasts and Analysis - By Crop Type
12.2.7 Europe Turf Protection Market Forecasts and Analysis - By Application
12.2.8 Europe Turf Protection Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Turf Protection Market
12.2.8.1.1 Germany Turf Protection Market by Solution
12.2.8.1.2 Germany Turf Protection Market by Form
12.2.8.1.3 Germany Turf Protection Market by Product
12.2.8.1.4 Germany Turf Protection Market by Crop Type
12.2.8.1.5 Germany Turf Protection Market by Application
12.2.8.2 France Turf Protection Market
12.2.8.2.1 France Turf Protection Market by Solution
12.2.8.2.2 France Turf Protection Market by Form
12.2.8.2.3 France Turf Protection Market by Product
12.2.8.2.4 France Turf Protection Market by Crop Type
12.2.8.2.5 France Turf Protection Market by Application
12.2.8.3 Italy Turf Protection Market
12.2.8.3.1 Italy Turf Protection Market by Solution
12.2.8.3.2 Italy Turf Protection Market by Form
12.2.8.3.3 Italy Turf Protection Market by Product
12.2.8.3.4 Italy Turf Protection Market by Crop Type
12.2.8.3.5 Italy Turf Protection Market by Application
12.2.8.4 United Kingdom Turf Protection Market
12.2.8.4.1 United Kingdom Turf Protection Market by Solution
12.2.8.4.2 United Kingdom Turf Protection Market by Form
12.2.8.4.3 United Kingdom Turf Protection Market by Product
12.2.8.4.4 United Kingdom Turf Protection Market by Crop Type
12.2.8.4.5 United Kingdom Turf Protection Market by Application
12.2.8.5 Russia Turf Protection Market
12.2.8.5.1 Russia Turf Protection Market by Solution
12.2.8.5.2 Russia Turf Protection Market by Form
12.2.8.5.3 Russia Turf Protection Market by Product
12.2.8.5.4 Russia Turf Protection Market by Crop Type
12.2.8.5.5 Russia Turf Protection Market by Application
12.2.8.6 Rest of Europe Turf Protection Market
12.2.8.6.1 Rest of Europe Turf Protection Market by Solution
12.2.8.6.2 Rest of Europe Turf Protection Market by Form
12.2.8.6.3 Rest of Europe Turf Protection Market by Product
12.2.8.6.4 Rest of Europe Turf Protection Market by Crop Type
12.2.8.6.5 Rest of Europe Turf Protection Market by Application
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Turf Protection Market Overview
12.3.2 Asia-Pacific Turf Protection Market Forecasts and Analysis
12.3.3 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Solution
12.3.4 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Form
12.3.5 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Product
12.3.6 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Crop Type
12.3.7 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Application
12.3.8 Asia-Pacific Turf Protection Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Turf Protection Market
12.3.8.1.1 Australia Turf Protection Market by Solution
12.3.8.1.2 Australia Turf Protection Market by Form
12.3.8.1.3 Australia Turf Protection Market by Product
12.3.8.1.4 Australia Turf Protection Market by Crop Type
12.3.8.1.5 Australia Turf Protection Market by Application
12.3.8.2 China Turf Protection Market
12.3.8.2.1 China Turf Protection Market by Solution
12.3.8.2.2 China Turf Protection Market by Form
12.3.8.2.3 China Turf Protection Market by Product
12.3.8.2.4 China Turf Protection Market by Crop Type
12.3.8.2.5 China Turf Protection Market by Application
12.3.8.3 India Turf Protection Market
12.3.8.3.1 India Turf Protection Market by Solution
12.3.8.3.2 India Turf Protection Market by Form
12.3.8.3.3 India Turf Protection Market by Product
12.3.8.3.4 India Turf Protection Market by Crop Type
12.3.8.3.5 India Turf Protection Market by Application
12.3.8.4 Japan Turf Protection Market
12.3.8.4.1 Japan Turf Protection Market by Solution
12.3.8.4.2 Japan Turf Protection Market by Form
12.3.8.4.3 Japan Turf Protection Market by Product
12.3.8.4.4 Japan Turf Protection Market by Crop Type
12.3.8.4.5 Japan Turf Protection Market by Application
12.3.8.5 South Korea Turf Protection Market
12.3.8.5.1 South Korea Turf Protection Market by Solution
12.3.8.5.2 South Korea Turf Protection Market by Form
12.3.8.5.3 South Korea Turf Protection Market by Product
12.3.8.5.4 South Korea Turf Protection Market by Crop Type
12.3.8.5.5 South Korea Turf Protection Market by Application
12.3.8.6 Rest of Asia-Pacific Turf Protection Market
12.3.8.6.1 Rest of Asia-Pacific Turf Protection Market by Solution
12.3.8.6.2 Rest of Asia-Pacific Turf Protection Market by Form
12.3.8.6.3 Rest of Asia-Pacific Turf Protection Market by Product
12.3.8.6.4 Rest of Asia-Pacific Turf Protection Market by Crop Type
12.3.8.6.5 Rest of Asia-Pacific Turf Protection Market by Application
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Turf Protection Market Overview
12.4.2 Middle East and Africa Turf Protection Market Forecasts and Analysis
12.4.3 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Solution
12.4.4 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Form
12.4.5 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Product
12.4.6 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Crop Type
12.4.7 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Application
12.4.8 Middle East and Africa Turf Protection Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Turf Protection Market
12.4.8.1.1 South Africa Turf Protection Market by Solution
12.4.8.1.2 South Africa Turf Protection Market by Form
12.4.8.1.3 South Africa Turf Protection Market by Product
12.4.8.1.4 South Africa Turf Protection Market by Crop Type
12.4.8.1.5 South Africa Turf Protection Market by Application
12.4.8.2 Saudi Arabia Turf Protection Market
12.4.8.2.1 Saudi Arabia Turf Protection Market by Solution
12.4.8.2.2 Saudi Arabia Turf Protection Market by Form
12.4.8.2.3 Saudi Arabia Turf Protection Market by Product
12.4.8.2.4 Saudi Arabia Turf Protection Market by Crop Type
12.4.8.2.5 Saudi Arabia Turf Protection Market by Application
12.4.8.3 U.A.E Turf Protection Market
12.4.8.3.1 U.A.E Turf Protection Market by Solution
12.4.8.3.2 U.A.E Turf Protection Market by Form
12.4.8.3.3 U.A.E Turf Protection Market by Product
12.4.8.3.4 U.A.E Turf Protection Market by Crop Type
12.4.8.3.5 U.A.E Turf Protection Market by Application
12.4.8.4 Rest of Middle East and Africa Turf Protection Market
12.4.8.4.1 Rest of Middle East and Africa Turf Protection Market by Solution
12.4.8.4.2 Rest of Middle East and Africa Turf Protection Market by Form
12.4.8.4.3 Rest of Middle East and Africa Turf Protection Market by Product
12.4.8.4.4 Rest of Middle East and Africa Turf Protection Market by Crop Type
12.4.8.4.5 Rest of Middle East and Africa Turf Protection Market by Application
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Turf Protection Market Overview
12.5.2 South and Central America Turf Protection Market Forecasts and Analysis
12.5.3 South and Central America Turf Protection Market Forecasts and Analysis - By Solution
12.5.4 South and Central America Turf Protection Market Forecasts and Analysis - By Form
12.5.5 South and Central America Turf Protection Market Forecasts and Analysis - By Product
12.5.6 South and Central America Turf Protection Market Forecasts and Analysis - By Crop Type
12.5.7 South and Central America Turf Protection Market Forecasts and Analysis - By Application
12.5.8 South and Central America Turf Protection Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Turf Protection Market
12.5.8.1.1 Brazil Turf Protection Market by Solution
12.5.8.1.2 Brazil Turf Protection Market by Form
12.5.8.1.3 Brazil Turf Protection Market by Product
12.5.8.1.4 Brazil Turf Protection Market by Crop Type
12.5.8.1.5 Brazil Turf Protection Market by Application
12.5.8.2 Argentina Turf Protection Market
12.5.8.2.1 Argentina Turf Protection Market by Solution
12.5.8.2.2 Argentina Turf Protection Market by Form
12.5.8.2.3 Argentina Turf Protection Market by Product
12.5.8.2.4 Argentina Turf Protection Market by Crop Type
12.5.8.2.5 Argentina Turf Protection Market by Application
12.5.8.3 Rest of South and Central America Turf Protection Market
12.5.8.3.1 Rest of South and Central America Turf Protection Market by Solution
12.5.8.3.2 Rest of South and Central America Turf Protection Market by Form
12.5.8.3.3 Rest of South and Central America Turf Protection Market by Product
12.5.8.3.4 Rest of South and Central America Turf Protection Market by Crop Type
12.5.8.3.5 Rest of South and Central America Turf Protection Market by Application
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. TURF PROTECTION MARKET, KEY COMPANY PROFILES
14.1. BACKYARD ORGANICS LLC
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. COREBIOLOGIC, LLC
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. DOW AGROSCIENCES LLC
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. EVANS TURF SUPPLIES LTD.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. IDEMITSU KOSAN CO. LTD.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. LUCERNE BIOTECH U.K. LTD.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. NUTURF AUSTRALIA PTY. LTD.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SOIL TECHNOLOGIES CORPORATION
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SYNGENTA AG
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. THE ANDERSONS INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Backyard Organics LLC
2. Corebiologic, LLC
3. DOW AgroSciences LLC
4. Evans Turf Supplies Ltd.
5. Idemitsu Kosan Co. Ltd.
6. Lucerne Biotech U. K. Ltd.
7. Nuturf Australia Pty. Ltd.
8. Soil Technologies Corporation
9. Syngenta AG
10. The Andersons Inc.
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.