Wine Bottles Market Developments by 2031
The wine bottles market is expected to register a CAGR of 5% during 2023 – 2031. The wine bottles market is growing due to premiumization trend.
Wine Bottles Market Analysis
- Consumers seek sophisticated and elevated drinking experiences, and invest in premium wines, which can drive the demand for premium wine bottles.
- Considerations that are ultimately consumer-driven include the effect of wine ratings and scores by critics, the influence of consumer sentiment and consumer desire for wine education and direction in purchasing decisions.
- Following the rise of social and environmental concerns, primarily due to social media and social movements, consumers are increasingly interested in ‘greener’ packaging options, which could contribute to the purchase and thus promotion of wines packaged in eco-friendly materials.
- Major market players are focused on strategic developments such as joint ventures, partnerships, product launches, innovations and collaborations to meet growing consumer demands and expand their geographical presence.
Wine Bottles Market Overview
- The wine bottles market is growing due to various drivers which includes the consumers’ transition towards premium alcoholic beverages especially wine - a shift found in Europe and Asia Pacific region.
- Recent developments include the key market players are involved in product innovation related to extending the shelf life, ensuring prolonged preservation of product.
- The wine bottles market is driven by increased sales and promotion of wine through themed events, festivals, and tastings leading towards the wine bottle’s popularity, and the growth of wine tourism.
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Wine Bottles Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Wine Bottles Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Wine Bottles Market Drivers and Opportunities
Consumer Preference for Luxury and Premium Wines to Favor the Market
The general perception of luxury wines lies in the aspect of status and prestige. Consumers who wish to enhance their social image or display signs of refinement are drawn to such wines. The exclusivity and perceived superior quality of luxury wines can elevate their status among their peers. Characteristics that make luxury wines unique and rare are often difficult to achieve in mass-produced wines. Luxury wines provide consumers with experiential value beyond just drinking.
The rise in wine culture and education has seen the emergence of connoisseurship, through which consumers interested in wines seek out premium and unique offerings to develop their wine knowledge. Some consumers look at their purchase of a luxury wine as an investment. Fine wines, especially from top producers and from particular vintages, can appreciate in value over time. Wine collectors and investors are attracted to the perceived financial gains in acquiring these wines and holding them.
Increasing Demand for Glass Wine Bottles
Glass is the most popular packaging material for the alcoholic beverages, using glass in packaging helps in preserving the taste and quality of wine because its non-permeable to oxygen and other external factors that can affect the flavour of the wine. In the beverage industry, glass packaging is the most preferred packaging material, especially use for wine. This goes to show that demand for glass bottles has been increasing.
The variety of sizes and shapes of the bottle, that is made available in the retail market increases the demand for glass packaging; the wine producers can use different sizes and designs of the glass bottle which can make their products stand out in the market, branding their products to meet consumer's satisfaction. By having variety of packaging material for wine, producers can display their product to satisfy consumers as their demands, and this give wine producers more branding and marketing avenues to boost their sales.
Wine Bottles Market Segmentation Analysis
Key segments that contributed to the derivation of the wine bottles market analysis are capacity, material, and bottle shape.
- Based on capacity, the wine bottles market is divided into up to 350 ml, 350 ml - 750 ml, and above 750 ml.
- Based on material, the market is segmented into glass, and plastic.
- On the basis of bottle shape, the market is divided into claret, burgundy, hock, and others.
Wine Bottles Market Share Analysis by Geography
- Wine Bottles Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering wine bottles market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the wine bottles market in these regions.
Wine Bottles Market News and Recent Developments
The wine bottles market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the wine bottles market are listed below:
- Aldi launches own-label flat PET wine bottle range, made from 100% recycled PET. (Source: Aldi/Press Release/March 2024)
- Lanchester Wines launches 300g glass bottle in Aldi. (Source: Lanchester Wines/Press Release/March 2024)
Wine Bottles Market Report Coverage and Deliverables
The “Wine Bottles Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
- Wine bottles market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Wine bottles market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Wine bottles market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the wine bottles market
- Detailed company profiles
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
The global wine bottles market is estimated to grow at a CAGR of 5% during the forecast period 2024-2031.
Growing demand for luxury and premium alcoholic beverages, and wine tourism are driving factors impacting the wine bottles market.
Rising preference for custom wine bottles is anticipated to play a significant role in the wine bottles market in the coming years.
AGI Glaspac, Vetropack Holding Ltd, Ardagh Group S.A, Hillebrandt Glas, Wiegand-Glas Holding GmbH, and Verallia Packaging, among others are the leading players operating in the wine bottles market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wine Bottles Market - By Capacity
1.3.2 Wine Bottles Market - By Material
1.3.3 Wine Bottles Market - By Shape
1.3.4 Wine Bottles Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WINE BOTTLES 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. WINE BOTTLES 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. WINE BOTTLES MARKET - GLOBAL MARKET ANALYSIS
6.1. WINE BOTTLES - GLOBAL MARKET OVERVIEW
6.2. WINE BOTTLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WINE BOTTLES MARKET - REVENUE AND FORECASTS TO 2028 - CAPACITY
7.1. OVERVIEW
7.2. CAPACITY MARKET FORECASTS AND ANALYSIS
7.3. 350 ML -500 ML
7.3.1. Overview
7.3.2. 350 ml -500 ml Market Forecast and Analysis
7.4. 500 ML -750 ML
7.4.1. Overview
7.4.2. 500 ml -750 ml Market Forecast and Analysis
7.5. 750 ML - 1000 ML
7.5.1. Overview
7.5.2. 750 ml - 1000 ml Market Forecast and Analysis
7.6. ABOVE 1000 ML
7.6.1. Overview
7.6.2. Above 1000 ml Market Forecast and Analysis
8. WINE BOTTLES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. GLASS
8.3.1. Overview
8.3.2. Glass Market Forecast and Analysis
8.4. PLASTIC
8.4.1. Overview
8.4.2. Plastic Market Forecast and Analysis
9. WINE BOTTLES MARKET - REVENUE AND FORECASTS TO 2028 - SHAPE
9.1. OVERVIEW
9.2. SHAPE MARKET FORECASTS AND ANALYSIS
9.3. CLARET
9.3.1. Overview
9.3.2. Claret Market Forecast and Analysis
9.4. BURGUNDY
9.4.1. Overview
9.4.2. Burgundy Market Forecast and Analysis
9.5. HOCK
9.5.1. Overview
9.5.2. Hock Market Forecast and Analysis
10. WINE BOTTLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Wine Bottles Market Overview
10.1.2 North America Wine Bottles Market Forecasts and Analysis
10.1.3 North America Wine Bottles Market Forecasts and Analysis - By Capacity
10.1.4 North America Wine Bottles Market Forecasts and Analysis - By Material
10.1.5 North America Wine Bottles Market Forecasts and Analysis - By Shape
10.1.6 North America Wine Bottles Market Forecasts and Analysis - By Countries
10.1.6.1 United States Wine Bottles Market
10.1.6.1.1 United States Wine Bottles Market by Capacity
10.1.6.1.2 United States Wine Bottles Market by Material
10.1.6.1.3 United States Wine Bottles Market by Shape
10.1.6.2 Canada Wine Bottles Market
10.1.6.2.1 Canada Wine Bottles Market by Capacity
10.1.6.2.2 Canada Wine Bottles Market by Material
10.1.6.2.3 Canada Wine Bottles Market by Shape
10.1.6.3 Mexico Wine Bottles Market
10.1.6.3.1 Mexico Wine Bottles Market by Capacity
10.1.6.3.2 Mexico Wine Bottles Market by Material
10.1.6.3.3 Mexico Wine Bottles Market by Shape
10.2. EUROPE
10.2.1 Europe Wine Bottles Market Overview
10.2.2 Europe Wine Bottles Market Forecasts and Analysis
10.2.3 Europe Wine Bottles Market Forecasts and Analysis - By Capacity
10.2.4 Europe Wine Bottles Market Forecasts and Analysis - By Material
10.2.5 Europe Wine Bottles Market Forecasts and Analysis - By Shape
10.2.6 Europe Wine Bottles Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Wine Bottles Market
10.2.6.1.1 Germany Wine Bottles Market by Capacity
10.2.6.1.2 Germany Wine Bottles Market by Material
10.2.6.1.3 Germany Wine Bottles Market by Shape
10.2.6.2 France Wine Bottles Market
10.2.6.2.1 France Wine Bottles Market by Capacity
10.2.6.2.2 France Wine Bottles Market by Material
10.2.6.2.3 France Wine Bottles Market by Shape
10.2.6.3 Spain Wine Bottles Market
10.2.6.3.1 Spain Wine Bottles Market by Capacity
10.2.6.3.2 Spain Wine Bottles Market by Material
10.2.6.3.3 Spain Wine Bottles Market by Shape
10.2.6.4 United Kingdom Wine Bottles Market
10.2.6.4.1 United Kingdom Wine Bottles Market by Capacity
10.2.6.4.2 United Kingdom Wine Bottles Market by Material
10.2.6.4.3 United Kingdom Wine Bottles Market by Shape
10.2.6.5 Rest of Europe Wine Bottles Market
10.2.6.5.1 Rest of Europe Wine Bottles Market by Capacity
10.2.6.5.2 Rest of Europe Wine Bottles Market by Material
10.2.6.5.3 Rest of Europe Wine Bottles Market by Shape
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Wine Bottles Market Overview
10.3.2 Asia-Pacific Wine Bottles Market Forecasts and Analysis
10.3.3 Asia-Pacific Wine Bottles Market Forecasts and Analysis - By Capacity
10.3.4 Asia-Pacific Wine Bottles Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Wine Bottles Market Forecasts and Analysis - By Shape
10.3.6 Asia-Pacific Wine Bottles Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Wine Bottles Market
10.3.6.1.1 Australia Wine Bottles Market by Capacity
10.3.6.1.2 Australia Wine Bottles Market by Material
10.3.6.1.3 Australia Wine Bottles Market by Shape
10.3.6.2 China Wine Bottles Market
10.3.6.2.1 China Wine Bottles Market by Capacity
10.3.6.2.2 China Wine Bottles Market by Material
10.3.6.2.3 China Wine Bottles Market by Shape
10.3.6.3 India Wine Bottles Market
10.3.6.3.1 India Wine Bottles Market by Capacity
10.3.6.3.2 India Wine Bottles Market by Material
10.3.6.3.3 India Wine Bottles Market by Shape
10.3.6.4 Japan Wine Bottles Market
10.3.6.4.1 Japan Wine Bottles Market by Capacity
10.3.6.4.2 Japan Wine Bottles Market by Material
10.3.6.4.3 Japan Wine Bottles Market by Shape
10.3.6.5 South Korea Wine Bottles Market
10.3.6.5.1 South Korea Wine Bottles Market by Capacity
10.3.6.5.2 South Korea Wine Bottles Market by Material
10.3.6.5.3 South Korea Wine Bottles Market by Shape
10.3.6.6 Rest of Asia-Pacific Wine Bottles Market
10.3.6.6.1 Rest of Asia-Pacific Wine Bottles Market by Capacity
10.3.6.6.2 Rest of Asia-Pacific Wine Bottles Market by Material
10.3.6.6.3 Rest of Asia-Pacific Wine Bottles Market by Shape
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Wine Bottles Market Overview
10.4.2 Middle East and Africa Wine Bottles Market Forecasts and Analysis
10.4.3 Middle East and Africa Wine Bottles Market Forecasts and Analysis - By Capacity
10.4.4 Middle East and Africa Wine Bottles Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Wine Bottles Market Forecasts and Analysis - By Shape
10.4.6 Middle East and Africa Wine Bottles Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Wine Bottles Market
10.4.6.1.1 South Africa Wine Bottles Market by Capacity
10.4.6.1.2 South Africa Wine Bottles Market by Material
10.4.6.1.3 South Africa Wine Bottles Market by Shape
10.4.6.2 Saudi Arabia Wine Bottles Market
10.4.6.2.1 Saudi Arabia Wine Bottles Market by Capacity
10.4.6.2.2 Saudi Arabia Wine Bottles Market by Material
10.4.6.2.3 Saudi Arabia Wine Bottles Market by Shape
10.4.6.3 U.A.E Wine Bottles Market
10.4.6.3.1 U.A.E Wine Bottles Market by Capacity
10.4.6.3.2 U.A.E Wine Bottles Market by Material
10.4.6.3.3 U.A.E Wine Bottles Market by Shape
10.4.6.4 Rest of Middle East and Africa Wine Bottles Market
10.4.6.4.1 Rest of Middle East and Africa Wine Bottles Market by Capacity
10.4.6.4.2 Rest of Middle East and Africa Wine Bottles Market by Material
10.4.6.4.3 Rest of Middle East and Africa Wine Bottles Market by Shape
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Wine Bottles Market Overview
10.5.2 South and Central America Wine Bottles Market Forecasts and Analysis
10.5.3 South and Central America Wine Bottles Market Forecasts and Analysis - By Capacity
10.5.4 South and Central America Wine Bottles Market Forecasts and Analysis - By Material
10.5.5 South and Central America Wine Bottles Market Forecasts and Analysis - By Shape
10.5.6 South and Central America Wine Bottles Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Wine Bottles Market
10.5.6.1.1 Brazil Wine Bottles Market by Capacity
10.5.6.1.2 Brazil Wine Bottles Market by Material
10.5.6.1.3 Brazil Wine Bottles Market by Shape
10.5.6.2 Argentina Wine Bottles Market
10.5.6.2.1 Argentina Wine Bottles Market by Capacity
10.5.6.2.2 Argentina Wine Bottles Market by Material
10.5.6.2.3 Argentina Wine Bottles Market by Shape
10.5.6.3 Rest of South and Central America Wine Bottles Market
10.5.6.3.1 Rest of South and Central America Wine Bottles Market by Capacity
10.5.6.3.2 Rest of South and Central America Wine Bottles Market by Material
10.5.6.3.3 Rest of South and Central America Wine Bottles Market by Shape
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. WINE BOTTLES MARKET, KEY COMPANY PROFILES
12.1. AGI GLASSPACK
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
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. BERLIN PACKAGING
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. ENCORE GLASS
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. HUAXING GLASS
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. ORORA PACKAGING
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. SHANGHAI MISA GLASS CO.,LTD
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. STöLZLE-OBERGLAS GMBH
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. VETRERIA ETRUSCA
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. YUNCHENG JINPENG GLASS 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
The List of Companies
1. AGI Glasspack
2. Ardagh Group
3. Berlin Packaging
4. Encore Glass
5. Huaxing Glass
6. Orora Packaging
7. ShangHai Misa Glass Co.,Ltd
8. Stölzle-Oberglas Gmbh
9. Vetreria Etrusca
10. Yuncheng Jinpeng Glass 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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