The Wrapping Machine Market is expected to register a CAGR of 7.5% 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 (Stretch, Shrink, and Others). The report further presents analysis based on the Operation (Automatic and Semi-Automatic). The report further presents analysis based on the End-user (Food and Beverages, Chemicals, Pharmaceuticals, Personal Care, 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 Wrapping Machine 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.
Wrapping Machine Market Segmentation
Type- Stretch
- Shrink
- Others
- Automatic and Semi-Automatic
- Food and Beverages
- Chemicals
- Pharmaceuticals
- Personal Care
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Wrapping Machine Market Growth Drivers- Increased Consumer demands for Product Safety and Integrity: The increasing consumer concern over the safety and integrity of products compels companies to opt for superior quality wrapping solutions in order to avoid damage to products during transportation and storage. This demand for secure packaging is thus driving the wrapping machine market.
- Growth of Food and Beverage Sector: At an accelerated growth rate in the food and beverage industry, especially with packaged and processed foods, the companies are being nudged to acquire wrapping machines. Effective wrapping solutions maintain the freshness and shelf life of the products, thereby leading to more investment in sophisticated wrapping technologies.
- Rise in Online Shopping: Online shopping, has considerably increased the demand for packaging solutions and protective wrapping for the products in particular, as consumers spend more money shopping online. Companies, therefore, are investing in efficient packaging technologies, including the wrapping machine, to ensure products are securely packaged and delivered to destination without damage. Further, as e-commerce businesses focus on improving last-mile delivery, wrapping machines help optimize packaging for efficiency, speed, and protection, particularly for fragile or irregularly shaped products.
- Rise of Smart Packaging Solutions: The smart packaging technologies feature, including QR codes and NFC tags, come in as a new opportunity for wrapping machine manufacturers. A manufacturer can provide value-added services to the client wanting to increase consumer engagement with the product through communication of product-related information with the help of smart technology integration in wrapping solutions.
- Wrapping Machine Market in Emerging Economies: Emerging economies are making their presence felt faster with rapidly shifting industrialization and urbanization processes, which give enough business opportunities to the wrapping machine industry. Developing manufacturing and retail sectors in these regions would require more efficient solutions for fas and efficient packaging. Thus, growing economies poses as a great opportunity for market expansion.
- User-Friendly Interfaces and Automation: The growing demand for easy-to-use interfaces and automation in wrapping machines is giving the packaging industry a whole new shape, especially considering the fact that businesses now seek to improve operational efficiency, reduce labor costs, and simplify integration into existing production lines. Manufacturers are moving towards creating wrapping machines not only with improved performance but also with intuitive controls and automation features that make work easier even for operators with less technical knowledge.
- Rise in Demand for Energy-Efficient Wrapping Machines: The growing demand for energy-efficient wrapping machines is caused by a combination of factors such as economic incentives, environmental considerations, and an overall desire to meet consumer expectations and regulatory requirements regarding sustainability. In the future, the packaging sector will continue to evolve because both cost savings and an environmentally friendly approach are deemed to be priorities for any industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Wrapping Machine 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 Wrapping Machine 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
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an 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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Wrapping Machine Market include Aetnagroup S.p.A., AMERICAN PACKAGING MACHINERY, Brenton, LLC., Coesia S.p.A., Orion Packaging Systems LLC, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Lantech, MJ Maillis SA, Syntegon Technology GmbH, Texwrap Packaging Systems LLC
User-Friendly Interfaces and Automation and Rise in Demand for Energy-Efficient Wrapping Machines are the key future trends of the Wrapping Machine Market
The Wrapping Machine Market is estimated to witness a CAGR of 7.5% from 2023 to 2031
The major factors driving the Wrapping Machine Market are: Increased Consumer demands for Product Safety and Integrity and Growth of Food and Beverage Sector
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 Wrapping Machine Market - By Type
1.3.2 Wrapping Machine Market - By Operation
1.3.3 Wrapping Machine Market - By End-user
1.3.4 Wrapping Machine Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WRAPPING MACHINE 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WRAPPING MACHINE 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. WRAPPING MACHINE MARKET - GLOBAL MARKET ANALYSIS
6.1. WRAPPING MACHINE - GLOBAL MARKET OVERVIEW
6.2. WRAPPING MACHINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WRAPPING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STRETCH
7.3.1. Overview
7.3.2. Stretch Market Forecast and Analysis
7.4. SHRINK
7.4.1. Overview
7.4.2. Shrink Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. WRAPPING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - OPERATION
8.1. OVERVIEW
8.2. OPERATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMATIC
8.3.1. Overview
8.3.2. Automatic Market Forecast and Analysis
8.4. SEMI-AUTOMATIC
8.4.1. Overview
8.4.2. Semi-Automatic Market Forecast and Analysis
9. WRAPPING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. FOOD AND BEVERAGES
9.3.1. Overview
9.3.2. Food and Beverages Market Forecast and Analysis
9.4. CHEMICALS
9.4.1. Overview
9.4.2. Chemicals Market Forecast and Analysis
9.5. PHARMACEUTICALS
9.5.1. Overview
9.5.2. Pharmaceuticals Market Forecast and Analysis
9.6. PERSONAL CARE
9.6.1. Overview
9.6.2. Personal Care Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. WRAPPING MACHINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Wrapping Machine Market Overview
10.1.2 North America Wrapping Machine Market Forecasts and Analysis
10.1.3 North America Wrapping Machine Market Forecasts and Analysis - By Type
10.1.4 North America Wrapping Machine Market Forecasts and Analysis - By Operation
10.1.5 North America Wrapping Machine Market Forecasts and Analysis - By End-user
10.1.6 North America Wrapping Machine Market Forecasts and Analysis - By Countries
10.1.6.1 United States Wrapping Machine Market
10.1.6.1.1 United States Wrapping Machine Market by Type
10.1.6.1.2 United States Wrapping Machine Market by Operation
10.1.6.1.3 United States Wrapping Machine Market by End-user
10.1.6.2 Canada Wrapping Machine Market
10.1.6.2.1 Canada Wrapping Machine Market by Type
10.1.6.2.2 Canada Wrapping Machine Market by Operation
10.1.6.2.3 Canada Wrapping Machine Market by End-user
10.1.6.3 Mexico Wrapping Machine Market
10.1.6.3.1 Mexico Wrapping Machine Market by Type
10.1.6.3.2 Mexico Wrapping Machine Market by Operation
10.1.6.3.3 Mexico Wrapping Machine Market by End-user
10.2. EUROPE
10.2.1 Europe Wrapping Machine Market Overview
10.2.2 Europe Wrapping Machine Market Forecasts and Analysis
10.2.3 Europe Wrapping Machine Market Forecasts and Analysis - By Type
10.2.4 Europe Wrapping Machine Market Forecasts and Analysis - By Operation
10.2.5 Europe Wrapping Machine Market Forecasts and Analysis - By End-user
10.2.6 Europe Wrapping Machine Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Wrapping Machine Market
10.2.6.1.1 Germany Wrapping Machine Market by Type
10.2.6.1.2 Germany Wrapping Machine Market by Operation
10.2.6.1.3 Germany Wrapping Machine Market by End-user
10.2.6.2 France Wrapping Machine Market
10.2.6.2.1 France Wrapping Machine Market by Type
10.2.6.2.2 France Wrapping Machine Market by Operation
10.2.6.2.3 France Wrapping Machine Market by End-user
10.2.6.3 Italy Wrapping Machine Market
10.2.6.3.1 Italy Wrapping Machine Market by Type
10.2.6.3.2 Italy Wrapping Machine Market by Operation
10.2.6.3.3 Italy Wrapping Machine Market by End-user
10.2.6.4 United Kingdom Wrapping Machine Market
10.2.6.4.1 United Kingdom Wrapping Machine Market by Type
10.2.6.4.2 United Kingdom Wrapping Machine Market by Operation
10.2.6.4.3 United Kingdom Wrapping Machine Market by End-user
10.2.6.5 Russia Wrapping Machine Market
10.2.6.5.1 Russia Wrapping Machine Market by Type
10.2.6.5.2 Russia Wrapping Machine Market by Operation
10.2.6.5.3 Russia Wrapping Machine Market by End-user
10.2.6.6 Rest of Europe Wrapping Machine Market
10.2.6.6.1 Rest of Europe Wrapping Machine Market by Type
10.2.6.6.2 Rest of Europe Wrapping Machine Market by Operation
10.2.6.6.3 Rest of Europe Wrapping Machine Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Wrapping Machine Market Overview
10.3.2 Asia-Pacific Wrapping Machine Market Forecasts and Analysis
10.3.3 Asia-Pacific Wrapping Machine Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Wrapping Machine Market Forecasts and Analysis - By Operation
10.3.5 Asia-Pacific Wrapping Machine Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Wrapping Machine Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Wrapping Machine Market
10.3.6.1.1 Australia Wrapping Machine Market by Type
10.3.6.1.2 Australia Wrapping Machine Market by Operation
10.3.6.1.3 Australia Wrapping Machine Market by End-user
10.3.6.2 China Wrapping Machine Market
10.3.6.2.1 China Wrapping Machine Market by Type
10.3.6.2.2 China Wrapping Machine Market by Operation
10.3.6.2.3 China Wrapping Machine Market by End-user
10.3.6.3 India Wrapping Machine Market
10.3.6.3.1 India Wrapping Machine Market by Type
10.3.6.3.2 India Wrapping Machine Market by Operation
10.3.6.3.3 India Wrapping Machine Market by End-user
10.3.6.4 Japan Wrapping Machine Market
10.3.6.4.1 Japan Wrapping Machine Market by Type
10.3.6.4.2 Japan Wrapping Machine Market by Operation
10.3.6.4.3 Japan Wrapping Machine Market by End-user
10.3.6.5 South Korea Wrapping Machine Market
10.3.6.5.1 South Korea Wrapping Machine Market by Type
10.3.6.5.2 South Korea Wrapping Machine Market by Operation
10.3.6.5.3 South Korea Wrapping Machine Market by End-user
10.3.6.6 Rest of Asia-Pacific Wrapping Machine Market
10.3.6.6.1 Rest of Asia-Pacific Wrapping Machine Market by Type
10.3.6.6.2 Rest of Asia-Pacific Wrapping Machine Market by Operation
10.3.6.6.3 Rest of Asia-Pacific Wrapping Machine Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Wrapping Machine Market Overview
10.4.2 Middle East and Africa Wrapping Machine Market Forecasts and Analysis
10.4.3 Middle East and Africa Wrapping Machine Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Wrapping Machine Market Forecasts and Analysis - By Operation
10.4.5 Middle East and Africa Wrapping Machine Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Wrapping Machine Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Wrapping Machine Market
10.4.6.1.1 South Africa Wrapping Machine Market by Type
10.4.6.1.2 South Africa Wrapping Machine Market by Operation
10.4.6.1.3 South Africa Wrapping Machine Market by End-user
10.4.6.2 Saudi Arabia Wrapping Machine Market
10.4.6.2.1 Saudi Arabia Wrapping Machine Market by Type
10.4.6.2.2 Saudi Arabia Wrapping Machine Market by Operation
10.4.6.2.3 Saudi Arabia Wrapping Machine Market by End-user
10.4.6.3 U.A.E Wrapping Machine Market
10.4.6.3.1 U.A.E Wrapping Machine Market by Type
10.4.6.3.2 U.A.E Wrapping Machine Market by Operation
10.4.6.3.3 U.A.E Wrapping Machine Market by End-user
10.4.6.4 Rest of Middle East and Africa Wrapping Machine Market
10.4.6.4.1 Rest of Middle East and Africa Wrapping Machine Market by Type
10.4.6.4.2 Rest of Middle East and Africa Wrapping Machine Market by Operation
10.4.6.4.3 Rest of Middle East and Africa Wrapping Machine Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Wrapping Machine Market Overview
10.5.2 South and Central America Wrapping Machine Market Forecasts and Analysis
10.5.3 South and Central America Wrapping Machine Market Forecasts and Analysis - By Type
10.5.4 South and Central America Wrapping Machine Market Forecasts and Analysis - By Operation
10.5.5 South and Central America Wrapping Machine Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Wrapping Machine Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Wrapping Machine Market
10.5.6.1.1 Brazil Wrapping Machine Market by Type
10.5.6.1.2 Brazil Wrapping Machine Market by Operation
10.5.6.1.3 Brazil Wrapping Machine Market by End-user
10.5.6.2 Argentina Wrapping Machine Market
10.5.6.2.1 Argentina Wrapping Machine Market by Type
10.5.6.2.2 Argentina Wrapping Machine Market by Operation
10.5.6.2.3 Argentina Wrapping Machine Market by End-user
10.5.6.3 Rest of South and Central America Wrapping Machine Market
10.5.6.3.1 Rest of South and Central America Wrapping Machine Market by Type
10.5.6.3.2 Rest of South and Central America Wrapping Machine Market by Operation
10.5.6.3.3 Rest of South and Central America Wrapping Machine Market by End-user
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. WRAPPING MACHINE MARKET, KEY COMPANY PROFILES
12.1. AETNAGROUP S.P.A.
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. AMERICAN PACKAGING MACHINERY
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. BRENTON, LLC.
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. COESIA S.P.A.
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. ORION PACKAGING SYSTEMS LLC
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. I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
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. LANTECH
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. MJ MAILLIS SA
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. SYNTEGON TECHNOLOGY 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. TEXWRAP PACKAGING SYSTEMS LLC
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
- Aetnagroup S.p.A.
- AMERICAN PACKAGING MACHINERY
- Brenton, LLC.
- Coesia S.p.A.
- Orion Packaging Systems LLC
- I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
- Lantech
- MJ Maillis SA
- Syntegon Technology GmbH
- Texwrap Packaging Systems LLC
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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