The Water Soluble Films Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Cold Water Soluble Films and Hot Water Soluble Films). The report further presents analysis based on Dissolution Rate (Fast, Medium, and Difficult). Based on Application report is segmented into (Consumer Goods, Packaging, Textile, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Water Soluble Films Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Water Soluble Films Market Segmentation
Type- Cold Water Soluble Films
- Hot Water Soluble Films
- Fast
- Medium
- Difficult
Strategic Insights
Water Soluble Films Market Growth Drivers- Growing Demand for Biodegradable Packaging Solutions: The rising growth factor for the biodegradable types of packagings is solidly transforming the market for water-soluble films. With standing approaches on sustainability, there leans an increasing tendency towards green alternatives for packing products from both people and industries. Such films, having properties of solubility in water and evolved from biodegradable raw materials, are indeed eco-friendly and thereby composed packaging alternatives for several industrial sectors.
- Legislation and Eco-Conscious Consumers Drive Shift to Biodegradable Packaging Solutions: Legislation, hence imposed new restrictions on plastic waste to people and businesses converting to using biodegradable alternatives processed through governments and regulatory bodies. Easy solubility in water makes the water-soluble films residue-free and therefore safe to package items like detergents, foods, and pharmaceuticals. Such reason of the environmental cause is a thriving market.
- Water-Soluble Films Gain Popularity as Sustainable Alternatives in Food and Personal Care Packaging: Such heighted awareness levels concerning the environment impact from plastic wastes will also act as encouragement for opting for biodegradable packaging solutions. It would sum up things and create a less toxic form of packaging because of modern water-soluble films replacing traditional plastic types whose end-of-the-road ultimate destination is landfill or sinking into oceans. Water-soluble films are becoming adopted increasingly by many industries like food packaging and personal care, responding to highly eco-conscious consumers.
- Reduced Environmental Footprint: Another factor fuelling such growth in the water-soluble films market is the trend toward less environmental footprint in future. With the worldwide awareness of environmental issues gaining weight, sustainable practices are now every business priority. Biodegradable water-soluble films are produced only to cast their shadow on the production of plastic waste through pollution, enhancing their significance in the markets.
- A Green Alternative to Conventional Plastic Packaging: Water-soluble films dissolve in water and leave no harmful residue behind. And this makes them a very green alternative to conventional plastic packaging. This most relevant benefit goes along with consumer preference for products with the least environmental impact. Water-soluble films are now being accepted well as an ideal packaging solution because of strict regulations on plastic waste.
- Sustainability and Functionality Drive Adoption of Water-Soluble Films in Various Industries: Increasingly employed in industrial areas such as food packaging, detergents, and pharmaceuticals, water-soluble films reduce waste and, at the same time, protect products from moisture, contamination, and exposure. Their biodegradability still makes them favorites for organizations aiming at sustainability targets and reducing their carbon footprints.
- Seed and Fertilizer Packaging: The seed and fertilizer market has opened a huge platform for the emerging market of water-soluble films. It provides modern solutions of functional and green packaging in the agricultural sector-desired assets that water-soluble films render for use in packaging seeds and fertilizers. The films are biodegradable and therefore reduce plastic waste and fit in sustainable practices.
- A Sustainable Solution for Seed Packaging: Particularly for the case of seed packaging, these films present the unique advantage of being water soluble i.e., dissolve in water and are easy to apply and require no additional plastic carrying them, as well as making the packaging process simpler and greener with the simplicity that the film dissolves and leaves no incriminating residues that could harm the environment as well as the consumer.
- Water-Soluble Films Revolutionize Fertilizer Packaging: So are water-soluble films in fertilizer packaging. Water-soluble films are what fertilizer manufacturers are turning to use for easy single dosage packaging, which is mixed directly with water, avoiding a lot of plastics and making it easier to use the product. Environmentally and practically, this is beneficial for the agricultural sector.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Water Soluble Films Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Water Soluble Films Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the water soluble films market.
Based on type, cold water soluble films is expected to witness the fastest growth during the forecast period
3M, AICELLO CORPORATION, AMC (UK) Ltd are some of the key players operating in the water soluble films market
The Water Soluble Films Market is estimated to witness a CAGR of 4% from 2023 to 2031
Growing Demand for Biodegradable Packaging Solutions is driving the market growth
Reduced Environmental Footprint is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Water Soluble Films Market - By Type
1.3.2 Water Soluble Films Market - By Dissolution Rate
1.3.3 Water Soluble Films Market - By End User Industry
1.3.4 Water Soluble Films Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATER SOLUBLE FILMS 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. WATER SOLUBLE FILMS 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. WATER SOLUBLE FILMS MARKET - GLOBAL MARKET ANALYSIS
6.1. WATER SOLUBLE FILMS - GLOBAL MARKET OVERVIEW
6.2. WATER SOLUBLE FILMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WATER SOLUBLE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COLD WATER SOLUBLE FILMS
7.3.1. Overview
7.3.2. Cold Water Soluble Films Market Forecast and Analysis
7.3.3. C-Type Market
7.3.3.1. Overview
7.3.3.2. C-Type Market Forecast and Analysis
7.3.4. W-Type Market
7.3.4.1. Overview
7.3.4.2. W-Type Market Forecast and Analysis
7.3.5. Z-Type Market
7.3.5.1. Overview
7.3.5.2. Z-Type Market Forecast and Analysis
7.4. HOT WATER SOLUBLE FILMS
7.4.1. Overview
7.4.2. Hot Water Soluble Films Market Forecast and Analysis
7.4.3. H-Type Market
7.4.3.1. Overview
7.4.3.2. H-Type Market Forecast and Analysis
7.4.4. M-Type Market
7.4.4.1. Overview
7.4.4.2. M-Type Market Forecast and Analysis
7.4.5. N-Type Market
7.4.5.1. Overview
7.4.5.2. N-Type Market Forecast and Analysis
7.4.6. S-Type Market
7.4.6.1. Overview
7.4.6.2. S-Type Market Forecast and Analysis
8. WATER SOLUBLE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - DISSOLUTION RATE
8.1. OVERVIEW
8.2. DISSOLUTION RATE MARKET FORECASTS AND ANALYSIS
8.3. FAST
8.3.1. Overview
8.3.2. Fast Market Forecast and Analysis
8.4. MEDIUM
8.4.1. Overview
8.4.2. Medium Market Forecast and Analysis
8.5. DIFFICULT
8.5.1. Overview
8.5.2. Difficult Market Forecast and Analysis
9. WATER SOLUBLE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
9.1. OVERVIEW
9.2. END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. CONSUMER GOODS
9.3.1. Overview
9.3.2. Consumer Goods Market Forecast and Analysis
9.4. PACKAGING
9.4.1. Overview
9.4.2. Packaging Market Forecast and Analysis
9.5. TEXTILE
9.5.1. Overview
9.5.2. Textile Market Forecast and Analysis
9.6. OTHER END USER INDUSTRIES
9.6.1. Overview
9.6.2. Other End User Industries Market Forecast and Analysis
10. WATER SOLUBLE FILMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Water Soluble Films Market Overview
10.1.2 North America Water Soluble Films Market Forecasts and Analysis
10.1.3 North America Water Soluble Films Market Forecasts and Analysis - By Type
10.1.4 North America Water Soluble Films Market Forecasts and Analysis - By Dissolution Rate
10.1.5 North America Water Soluble Films Market Forecasts and Analysis - By End User Industry
10.1.6 North America Water Soluble Films Market Forecasts and Analysis - By Countries
10.1.6.1 United States Water Soluble Films Market
10.1.6.1.1 United States Water Soluble Films Market by Type
10.1.6.1.2 United States Water Soluble Films Market by Dissolution Rate
10.1.6.1.3 United States Water Soluble Films Market by End User Industry
10.1.6.2 Canada Water Soluble Films Market
10.1.6.2.1 Canada Water Soluble Films Market by Type
10.1.6.2.2 Canada Water Soluble Films Market by Dissolution Rate
10.1.6.2.3 Canada Water Soluble Films Market by End User Industry
10.1.6.3 Mexico Water Soluble Films Market
10.1.6.3.1 Mexico Water Soluble Films Market by Type
10.1.6.3.2 Mexico Water Soluble Films Market by Dissolution Rate
10.1.6.3.3 Mexico Water Soluble Films Market by End User Industry
10.2. EUROPE
10.2.1 Europe Water Soluble Films Market Overview
10.2.2 Europe Water Soluble Films Market Forecasts and Analysis
10.2.3 Europe Water Soluble Films Market Forecasts and Analysis - By Type
10.2.4 Europe Water Soluble Films Market Forecasts and Analysis - By Dissolution Rate
10.2.5 Europe Water Soluble Films Market Forecasts and Analysis - By End User Industry
10.2.6 Europe Water Soluble Films Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Water Soluble Films Market
10.2.6.1.1 Germany Water Soluble Films Market by Type
10.2.6.1.2 Germany Water Soluble Films Market by Dissolution Rate
10.2.6.1.3 Germany Water Soluble Films Market by End User Industry
10.2.6.2 France Water Soluble Films Market
10.2.6.2.1 France Water Soluble Films Market by Type
10.2.6.2.2 France Water Soluble Films Market by Dissolution Rate
10.2.6.2.3 France Water Soluble Films Market by End User Industry
10.2.6.3 Italy Water Soluble Films Market
10.2.6.3.1 Italy Water Soluble Films Market by Type
10.2.6.3.2 Italy Water Soluble Films Market by Dissolution Rate
10.2.6.3.3 Italy Water Soluble Films Market by End User Industry
10.2.6.4 Spain Water Soluble Films Market
10.2.6.4.1 Spain Water Soluble Films Market by Type
10.2.6.4.2 Spain Water Soluble Films Market by Dissolution Rate
10.2.6.4.3 Spain Water Soluble Films Market by End User Industry
10.2.6.5 United Kingdom Water Soluble Films Market
10.2.6.5.1 United Kingdom Water Soluble Films Market by Type
10.2.6.5.2 United Kingdom Water Soluble Films Market by Dissolution Rate
10.2.6.5.3 United Kingdom Water Soluble Films Market by End User Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Water Soluble Films Market Overview
10.3.2 Asia-Pacific Water Soluble Films Market Forecasts and Analysis
10.3.3 Asia-Pacific Water Soluble Films Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Water Soluble Films Market Forecasts and Analysis - By Dissolution Rate
10.3.5 Asia-Pacific Water Soluble Films Market Forecasts and Analysis - By End User Industry
10.3.6 Asia-Pacific Water Soluble Films Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Water Soluble Films Market
10.3.6.1.1 Australia Water Soluble Films Market by Type
10.3.6.1.2 Australia Water Soluble Films Market by Dissolution Rate
10.3.6.1.3 Australia Water Soluble Films Market by End User Industry
10.3.6.2 China Water Soluble Films Market
10.3.6.2.1 China Water Soluble Films Market by Type
10.3.6.2.2 China Water Soluble Films Market by Dissolution Rate
10.3.6.2.3 China Water Soluble Films Market by End User Industry
10.3.6.3 India Water Soluble Films Market
10.3.6.3.1 India Water Soluble Films Market by Type
10.3.6.3.2 India Water Soluble Films Market by Dissolution Rate
10.3.6.3.3 India Water Soluble Films Market by End User Industry
10.3.6.4 Japan Water Soluble Films Market
10.3.6.4.1 Japan Water Soluble Films Market by Type
10.3.6.4.2 Japan Water Soluble Films Market by Dissolution Rate
10.3.6.4.3 Japan Water Soluble Films Market by End User Industry
10.3.6.5 South Korea Water Soluble Films Market
10.3.6.5.1 South Korea Water Soluble Films Market by Type
10.3.6.5.2 South Korea Water Soluble Films Market by Dissolution Rate
10.3.6.5.3 South Korea Water Soluble Films Market by End User Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Water Soluble Films Market Overview
10.4.2 Middle East and Africa Water Soluble Films Market Forecasts and Analysis
10.4.3 Middle East and Africa Water Soluble Films Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Water Soluble Films Market Forecasts and Analysis - By Dissolution Rate
10.4.5 Middle East and Africa Water Soluble Films Market Forecasts and Analysis - By End User Industry
10.4.6 Middle East and Africa Water Soluble Films Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Water Soluble Films Market
10.4.6.1.1 South Africa Water Soluble Films Market by Type
10.4.6.1.2 South Africa Water Soluble Films Market by Dissolution Rate
10.4.6.1.3 South Africa Water Soluble Films Market by End User Industry
10.4.6.2 Saudi Arabia Water Soluble Films Market
10.4.6.2.1 Saudi Arabia Water Soluble Films Market by Type
10.4.6.2.2 Saudi Arabia Water Soluble Films Market by Dissolution Rate
10.4.6.2.3 Saudi Arabia Water Soluble Films Market by End User Industry
10.4.6.3 U.A.E Water Soluble Films Market
10.4.6.3.1 U.A.E Water Soluble Films Market by Type
10.4.6.3.2 U.A.E Water Soluble Films Market by Dissolution Rate
10.4.6.3.3 U.A.E Water Soluble Films Market by End User Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Water Soluble Films Market Overview
10.5.2 South and Central America Water Soluble Films Market Forecasts and Analysis
10.5.3 South and Central America Water Soluble Films Market Forecasts and Analysis - By Type
10.5.4 South and Central America Water Soluble Films Market Forecasts and Analysis - By Dissolution Rate
10.5.5 South and Central America Water Soluble Films Market Forecasts and Analysis - By End User Industry
10.5.6 South and Central America Water Soluble Films Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Water Soluble Films Market
10.5.6.1.1 Brazil Water Soluble Films Market by Type
10.5.6.1.2 Brazil Water Soluble Films Market by Dissolution Rate
10.5.6.1.3 Brazil Water Soluble Films Market by End User Industry
10.5.6.2 Argentina Water Soluble Films Market
10.5.6.2.1 Argentina Water Soluble Films Market by Type
10.5.6.2.2 Argentina Water Soluble Films Market by Dissolution Rate
10.5.6.2.3 Argentina Water Soluble Films Market by End User Industry
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. WATER SOLUBLE FILMS MARKET, KEY COMPANY PROFILES
12.1. 3M
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. AICELLO CORPORATION
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. AMC (UK) LTD
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. CORTEC CORPORATION
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. HARKE PACKSERV GMBH
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. KURARAY CO., LTD.
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. MITSUBISHI CHEMICAL CORPORATION.
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. MONDI
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. NEPTUN TECHNOLOGIES GMBH
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. SEKISUI CHEMICAL CO., LTD.
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
1.3M2.AICELLO CORPORATION3.AMC (UK) Ltd4.Cortec Corporation5.HARKE PackServ GmbH6.KURARAY CO., LTD.7.Mitsubishi Chemical Corporation.8.Mondi9.Neptun Technologies GmbH10.SEKISUI CHEMICAL CO., LTD.
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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