EVOH Resins Market for Food Application | Size & Share - 2028
The EVOH resins market for food application was valued at US$ 576,173.9 thousand in 2021 and is projected to reach US$ 770,199.9 thousand by 2028. It is expected to register a CAGR of 4.4% from 2021 to 2028.
The rise in consumer awareness regarding environmental concerns and strict government regulations related to toxic packaging fuel the demand for EVOH resins in the food sector. To reduce environmental contamination, manufacturers are adopting eco-friendly packaging solutions, which, in turn, boosts the sales of eco-friendly materials. Governments and manufacturers are providing funds to research and develop innovative packaging solutions. Further, consumers are increasingly inclined toward green, low-carbon products to eliminate waste pollution. EVOH packaging is environmentally friendly because it has a low carbon footprint and can be easily recycled. Unlike plastic and paper containers, it does not produce waste and does not need wood cutting for raw materials. These benefits increase the demand for EVOH resins for eco-friendly food packaging, propelling the market growth.
In 2020, Asia Pacific held the largest share of the global EVOH resins market for food applications. The major factor contributing to the growth of the market in this region is the growing demand for EVOH resins in packed food products. Consumers prefer healthy foods with high nutritional value, low cholesterol, preservatives, and fats. EVOH finds its application in various food packaging products, such as meat packaging, baby food packaging, and beverage packaging. These factors are driving the demand for EVOH resins among manufacturers in the country. The increasing inclination of consumers toward packed food due to busy life has projected the demand for EVOH resins for food packaging applications. The Indian middle class is growing, and so are their buying capacity and demands. People prefer premium products, especially in the confectionery segments like chocolates, chips, and a lot more, and exploring packaged foods in the ready-to-make and easy-to-eat category, creating opportunities for EVOH resins for food packaging application.
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EVOH Resins Market: Strategic Insights
Market Size Value in US$ 576,173.9 thousand in 2021 Market Size Value by US$ 770,199.9 thousand by 2028 Growth rate CAGR of 4.4% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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EVOH Resins Market: Strategic Insights
| Market Size Value in | US$ 576,173.9 thousand in 2021 |
| Market Size Value by | US$ 770,199.9 thousand by 2028 |
| Growth rate | CAGR of 4.4% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on EVOH Resins Market for Food Application
The COVID-19 pandemic severely impacted the global market in 2020 due to disrupted supply chains of raw materials used in producing EVOH resin packaging. Ease in lockdown measures in several countries and resumption of operational activities in many industries have helped revive EVOH resins in food packaging from 2021. In addition, the rapid pace of COVID-19 vaccination programs has supported the growth of the EVOH resins market for food application.
Market Insights
Consumer Preference for Online Sales Channel to Purchase EVOH Films Favors EVOH Resins Market for Food Application
Consumer Preference for Online Sales Channel to Purchase EVOH Films Favors EVOH Resins Market for Food Application
Consumers prefer online sales channels to purchase EVOH films for food packaging. Therefore, many companies focus on developing e-commerce websites to increase customer engagement. Industry analysis also indicates that the rising demand for EVOH films among end users is driven by changing market trends. In addition, an increase in smartphone penetration is supporting the EVOH films demand. Digital content, travel and leisure, financial services, and e-mail are e-commerce options available to an internet-accessible customer base, gaining traction as internet usage grows. Therefore, consumer awareness of the technology is expected to positively impact the demand for EVOH resins in the food packaging market during the forecast period.
Moreover, the COVID-19 pandemic crisis has transformed the way e-commerce functions. The rise in small and medium enterprises, especially in Russia, and the increasing number of start-ups have led to the adoption of online marketplaces for business. Existing organizations and large businesses tend to do business online because telecommunications and infrastructure are cheaper. E-commerce allows organizations to reach customers to achieve the desired business results easily. Hence, the strong growth in the online retail sector in Europe for EVOH films would provide lucrative opportunities for the market in the coming years.
Application Insights
Based on application, the market is segmented into films, trays, bottles, bag-in-box, and others. Manufacturers use EVOH bottles for their excellent barrier against gases and organic liquids. EVOH is often sandwiched between the bottle or jar's inner and outer plastic walls. A thin adhesive layer goes between the EVOH layer and the inner and outer wall. As a result, EVOH is often referred to as a multilayer barrier technology. These EVOH bottles are generally used for shelf-stable beverages. Beverages are highly perishable; thus, they can contaminate easily when it comes in contact with the outer environment. Due to these factors, the demand for EVOH bottles is increased among beverage manufacturers and is further expected to drive the segment's growth in the region over the forecast period.
A few of the key market players in the EVOH resins market for food application are Kuraray Europe GmbH; Nippon Gohsei (UK) Limited; Kureha Europe B.V.; Chang Chun Group; Eval Europe NV; Soarus L.L.C. (Mitsubishi Chemical Europe GmbH); Schur Flexibles GmbH; Gantrade Corporation; The Compound Company BV; Soarnol; Arkema; Solvay S.A.; These companies provide a wide range of product portfolios for the EVOH resins market for food application.
These companies have a presence in developing regions, providing a lucrative opportunity for the EVOH resins market. These market players are highly focused on developing high-quality, innovative products to fulfill customer requirements.
EVOH Resins Market Report Scope
Report Spotlights
- Progressive industry trends in the EVOH Resins Market for Food Application to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the EVOH Resins Market for Food Application from 2020 to 2028
- Estimation of global demand for EVOH Resins for Food Applications
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in EVOH Resins Market for Food Application
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the EVOH Resins Market for Food Application
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the EVOH Resins Market for Food Application at various nodes
- Detailed overview and segmentation of the market, as well as the EVOH resins market for food application industry dynamics
- Size of the EVOH Resins Market for Food Application in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific is estimated to register the fastest CAGR in the global EVOH resins market for food application over the forecast period. Many APAC countries, such as China and India, are the world's fastest-growing populations. With a growing population, the demand for packed food is increasing, which is directly impacting the demand of EVOH resins for packaging. The strong economic condition and rising innovation in development in sustainable packaging is propelling the demand of EVOH resins in packaging. Companies are focusing on development of more sustainable packaging, such as they are increasing barrier properties of EVOH resins packaging and these packaging keeps food product fresh. The adoption of EVOH resins is increasing among manufacturers as they are being extensively used to extend the shelf life of food products. Further, the Asia Pacific market is expected to open many untapped opportunities and boost demand, driven by population growth, rising per capita income and consumer awareness of packaging to ensure safe food consumption.
The meat poultry and seafood segment held the largest market share. Packaging of meat is critical, especially when it comes to fresh meat. Since fresh meat, poultry and seafood are perishable, and weight loss due to dehydration can increase the decay rate, extending shelf life remains a key objective for packaging. Implementing EVOH as a packaging material barrier extends the meat's shelf life. EVOH has outstanding barrier properties against gases, such as oxygen, nitrogen, carbon dioxide, and helium. These gases are widely used in modified atmosphere packages. EVOH resins for packaging have antistatic properties, which ensure that dust particles in the atmosphere do not settle down on the packaging to prevent microbial growth.
The films segment held the largest market share. Ethylene-vinyl alcohol copolymer (EVOH) is a flexible, crystal clear, and glossy thermoplastic copolymer with excellent flex-crack resistance and high resistance to hydrocarbons, oils, and organic solvents. EVOH films have good barrier properties to gases, such as oxygen, nitrogen, and carbon dioxide, making them especially suited for packaging food and other perishable or delicate products to extend shelf life. In comparison with many other common films, EVOH has superior barrier properties. However, EVOH loses its good gas barrier properties when exposed to moisture.
The major players operating in the global EVOH resins market for food application are Kuraray Co., Ltd.; Kureha Corporation; Arkema; Solvay S.A.; Gantrade Corporation; Schur Flexibles GmbH; Chang Chun Group; Soarus L.L.C. (Mitsubishi Chemical Europe GmbH); Eval Europe NV; Nippon Gohsei (UK) Limited.
In 2022, Asia Pacific held the largest share of the global EVOH resins market for food application. The rise in the number of consumptions of packed food such as meat poultry and seafood would cater the demand of recycled plastics in the region. The region is also flourishing owing to presence of manufacturing facilities and cheap labor. The strong economic condition and rising innovation in development in sustainable packaging is propelling the demand of EVOH resins in packaging. Companies are focusing on development of more sustainable packaging, such as they are increasing barrier properties of EVOH resins packaging and these packaging keeps food product fresh.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 EVOH Resins Market for Food Application, by Application
1.2.2 EVOH Resins Market for Food Application, by End-Use
1.2.3 EVOH Resins Market for Food Application, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 EVOH Resins Market for Food Application, by Application, and End-Use
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. EVOH Resins Market for Food Application Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. EVOH Resins Market for Food Application – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Application in Food Packaging Sector
5.1.2 Rules and Regulations Regarding Use of Sustainable Eco-Friendly Packaging
5.2 Market Restraints
5.2.1 Availability of Low-Cost Substitutes
5.3 Market Opportunities
5.3.1 Consumer Preference for Online Sales Channels to Purchase EVOH Films
5.4 Future Trends
5.4.1 Rising Focus of Market Players on Product Innovation and Consumer Convenience
5.5 Impact Analysis of Drivers and Restraints
6. EVOH Resins Market for Food Application – Global Market Analysis
6.1 EVOH Resins Market for Food Application Overview
6.2 EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Mn)
6.3 EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
6.4 Competitive Positioning – Key Market Players
7. EVOH Resins Market for Food Application Analysis – By Application
7.1 Overview
7.2 EVOH Resins Market for Food Application, By Application (2021 and 2028)
7.3 Films
7.3.1 Overview
7.3.2 Films: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Films: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
7.4 Tray
7.4.1 Overview
7.4.2 Tray: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Tray: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
7.5 Bottles
7.5.1 Overview
7.5.2 Bottles: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Bottles: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
7.6 Bag-in-box and Others
7.6.1 Overview
7.6.2 Bag-in-box and Others: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
7.6.3 Bag-in-box and Others: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
8. EVOH Resins Market for Food Application Analysis – By End-Use
8.1 Overview
8.2 EVOH Resins Market for Food Application, By End-Use (2021 and 2028)
8.3 Bakery & Confectionery
8.3.1 Overview
8.3.2 Bakery & Confectionery: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
8.4 Beverages
8.4.1 Overview
8.4.2 Beverages: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
8.5 Sauces & Dressings
8.5.1 Overview
8.5.2 Sauces & Dressings: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
8.6 Meat Poultry & Seafood
8.6.1 Overview
8.6.2 Meat Poultry & Seafood: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
8.7 RTE Foods & Meals
8.7.1 Overview
8.7.2 RTE Foods & Meals: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
9. EVOH Resins Market for Food Application – Geographic Analysis
9.1 Overview
9.2 North America: EVOH Resins Market for Food Application
9.2.1 North America: EVOH Resins Market for Food Application – Analysis and Forecast to 2028 (US$ Million)
9.2.2 North America: EVOH Resins Market for Food Application, by Application
9.2.3 North America: EVOH Resins Market for Food Application, by End-Use
9.2.4 North America: EVOH Resins Market for Food Application, by Key Country
9.2.4.1 US: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: EVOH Resins Market for Food Application, by Application
9.2.4.1.2 US: EVOH Resins Market for Food Application, by End-Use
9.2.4.2 Canada: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: EVOH Resins Market for Food Application, by Application
9.2.4.2.2 Canada: EVOH Resins Market for Food Application, by End-Use
9.2.4.3 Mexico: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: EVOH Resins Market for Food Application, by Application
9.2.4.3.2 Mexico: EVOH Resins Market for Food Application, by End-Use
9.3 Europe: EVOH Resins Market for Food Application
9.3.1 Europe: EVOH Resins Market for Food Application – Analysis and Forecast to 2028 (US$ Million)
9.3.2 Europe: EVOH Resins Market for Food Application, by Application
9.3.3 Europe: EVOH Resins Market for Food Application, by End-Use
9.3.4 Europe: EVOH Resins Market for Food Application, by Key Country
9.3.4.1 Germany: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: EVOH Resins Market for Food Application, by Application
9.3.4.1.2 Germany: EVOH Resins Market for Food Application, by End-Use
9.3.4.2 France: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: EVOH Resins Market for Food Application, by Application
9.3.4.2.2 France: EVOH Resins Market for Food Application, by End-Use
9.3.4.3 Italy: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: EVOH Resins Market for Food Application, by Application
9.3.4.3.2 Italy: EVOH Resins Market for Food Application, by End-Use
9.3.4.4 U.K: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.3.4.4.1 U.K: EVOH Resins Market for Food Application, by Application
9.3.4.4.2 U.K: EVOH Resins Market for Food Application, by End-Use
9.3.4.5 Russia: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: EVOH Resins Market for Food Application, by Application
9.3.4.5.2 Russia: EVOH Resins Market for Food Application, by End-Use
9.3.4.6 Rest of Europe: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: EVOH Resins Market for Food Application, by Application
9.3.4.6.2 Rest of Europe: EVOH Resins Market for Food Application, by End-Use
9.4 Asia-Pacific: EVOH Resins Market for Food Application
9.4.1 Asia-Pacific: EVOH Resins Market for Food Application – Analysis and Forecast to 2028 (US$ Million)
9.4.2 Asia-Pacific: EVOH Resins Market for Food Application, by Application
9.4.3 Asia-Pacific: EVOH Resins Market for Food Application, by End-Use
9.4.4 Asia-Pacific: EVOH Resins Market for Food Application, by Key Country
9.4.4.1 Australia: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: EVOH Resins Market for Food Application, by Application
9.4.4.1.2 Australia: EVOH Resins Market for Food Application, by End-Use
9.4.4.2 China: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: EVOH Resins Market for Food Application, by Application
9.4.4.2.2 China: EVOH Resins Market for Food Application, by End-Use
9.4.4.3 India: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: EVOH Resins Market for Food Application, by Application
9.4.4.3.2 India: EVOH Resins Market for Food Application, by End-Use
9.4.4.4 Japan: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: EVOH Resins Market for Food Application, by Application
9.4.4.4.2 Japan: EVOH Resins Market for Food Application, by End-Use
9.4.4.5 South Korea: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: EVOH Resins Market for Food Application, by Application
9.4.4.5.2 South Korea: EVOH Resins Market for Food Application, by End-Use
9.4.4.6 Rest of Asia-Pacific: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia-Pacific: EVOH Resins Market for Food Application, by Application
9.4.4.6.2 Rest of Asia-Pacific: EVOH Resins Market for Food Application, by End-Use
9.5 Middle East and Africa: EVOH Resins Market for Food Application
9.5.1 Middle East and Africa: EVOH Resins Market for Food Application – Analysis and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: EVOH Resins Market for Food Application, by Application
9.5.3 Middle East and Africa: EVOH Resins Market for Food Application, by End-Use
9.5.4 Middle East and Africa: EVOH Resins Market for Food Application, by Key Country
9.5.4.1 South Africa: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: EVOH Resins Market for Food Application, by Application
9.5.4.1.2 South Africa: EVOH Resins Market for Food Application, by End-Use
9.5.4.2 Saudi Arabia: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: EVOH Resins Market for Food Application, by Application
9.5.4.2.2 Saudi Arabia: EVOH Resins Market for Food Application, by End-Use
9.5.4.3 UAE: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: EVOH Resins Market for Food Application, by Application
9.5.4.3.2 UAE: EVOH Resins Market for Food Application, by End-Use
9.5.4.4 Rest of the Middle East and Africa: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East and Africa: EVOH Resins Market for Food Application, by Application
9.5.4.4.2 Rest of the Middle East and Africa: EVOH Resins Market for Food Application, by End-Use
9.6 South and Central America: EVOH Resins Market for Food Application
9.6.1 South and Central America: EVOH Resins Market for Food Application – Analysis and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: EVOH Resins Market for Food Application, by Application
9.6.3 South and Central America: EVOH Resins Market for Food Application, by End-Use
9.6.4 South and Central America: EVOH Resins Market for Food Application, by Key Country
9.6.4.1.1 Brazil: EVOH Resins Market for Food Application, by Application
9.6.4.1.2 Brazil: EVOH Resins Market for Food Application, by End-Use
9.6.4.2 Argentina: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: EVOH Resins Market for Food Application, by Application
9.6.4.2.2 Argentina: EVOH Resins Market for Food Application, by End-Use
9.6.4.3 Rest of South and Central America: EVOH Resins Market for Food Application –Analysis and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: EVOH Resins Market for Food Application, by Application
9.6.4.3.2 Rest of South and Central America: EVOH Resins Market for Food Application, by End-Use
10. Impact of COVID-19
10.1 Overview – Impact of COVID-19
10.2 Impact of COVID-19 on EVOH Resins Market for Food Application
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.7 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Expansion & Collaboration
12. Company Profiles
12.1 KURARAY CO.,LTD.
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 NIPPON GOSHEI (UK) LIMITED
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 KUREHA EUROPE B.V.
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 CHANG CHUN GROUP
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 EVAL EUROPE NV
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 SOARUS L.L.C. (MITSUBISHI CHEMICAL EUROPE GMBH)
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 SCHUR FLEXIBLES GMBH
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 ARKEMA
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 SOLVAY S.A.
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 GANTRADE CORPORATION
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
LIST OF TABLES
Table 1. EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Mn)
Table 2. EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Table 3. Global EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Global EVOH Resins Market for Food Application, by Application–Volume and Forecast to 2028 (Tons)
Table 5. Global EVOH Resins Market for Food Application, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 8. North America EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 9. US EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. US EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 11. US EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 14. Canada EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 17. Mexico EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 20. Europe EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 23. Germany EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 24. France EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. France EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 26. France EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Italy EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 29. Italy EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 30. U.K EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. U.K EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 32. U.K EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 35. Russia EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 38. Rest of Europe EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia-Pacific EVOH Resins Market for Food Application, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia-Pacific EVOH Resins Market for Food Application, by Application– Volume and Forecast to 2028 (Tons)
Table 41. Asia-Pacific EVOH Resins Market for Food Application, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 44. Australia EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 45. China EVOH Resins Market for Food Application, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 46. China EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 47. China EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 48. India EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. India EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 50. India EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 53. Japan EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 56. South Korea EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Asia-Pacific EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of Asia-Pacific EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 59. Rest of Asia-Pacific EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 60. Middle East and Africa EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. Middle East and Africa EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 62. Middle East and Africa EVOH Resins Market for Food Application, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 65. South Africa EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 68. Saudi Arabia EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 71. UAE EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of the Middle East and Africa EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of the Middle East and Africa EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 74. Rest of the Middle East and Africa EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 75. South and Central America EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 76. South and Central America EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 77. South and Central America EVOH Resins Market for Food Application, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 78. Brazil EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 80. Brazil EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 81. Argentina EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 83. Argentina EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 84. Rest of South and Central America EVOH Resins Market for Food Application, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of South and Central America EVOH Resins Market for Food Application, by Application – Volume and Forecast to 2028 (Tons)
Table 86. Rest of South and Central America EVOH Resins Market for Food Application, by End-Use– Revenue and Forecast to 2028 (US$ Million)
Table 87. Glossary of Terms, Global EVOH Resins Market for Food Application
LIST OF FIGURES
Figure 1. EVOH Resins Market for Food Application Segmentation
Figure 2. EVOH Resins Market for Food Application Segmentation – By Geography
Figure 3. Global EVOH Resins Market for Food Application Overview
Figure 4. Global EVOH Resins Market for Food Application, By Application
Figure 5. Global EVOH Resins Market for Food Application, By End-Use
Figure 6. Global EVOH Resins Market for Food Application, by Geography
Figure 7. Global EVOH Resins Market for Food Application, Industry Landscape
Figure 8. Porter’s Five Forces Analysis of EVOH Resins Market for Food Application
Figure 9. EVOH Resins Market for Food Application, Ecosystem
Figure 10. Expert Opinion
Figure 11. EVOH Resins Market for Food Application Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of EVOH Resins Market for Food Application
Figure 13. EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 15. EVOH Resins Market for Food Application Revenue Share, By Application (2021 and 2028)
Figure 16. Films: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Films: EVOH Resins Market for Food Application –Volume and Forecast To 2028 (Tons)
Figure 18. Tray: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Tray: EVOH Resins Market for Food Application –Volume and Forecast To 2028 (Tons)
Figure 20. Bottles: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Bottles: EVOH Resins Market for Food Application –Volume and Forecast To 2028 (Tons)
Figure 22. Bag -in-box and Others: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Bag-in-box and Others: EVOH Resins Market for Food Application –Volume and Forecast To 2028 (Tons)
Figure 24. EVOH Resins Market for Food Application Revenue Share, By End-Use (2021 and 2028)
Figure 25. Bakery & Confectionery: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Beverages: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Sauces & Dressings: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Meat Poultry & Seafood: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 29. RTE Foods & Meals: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Others: EVOH Resins Market for Food Application – Revenue and Forecast To 2028 (US$ Mn)
Figure 31. Global EVOH Resins Market for Food Application Revenue Share, by Region (2021 and 2028)
Figure 32. North America: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: EVOH Resins Market for Food Application Revenue Share, by Application (2021 and 2028)
Figure 34. North America: EVOH Resins Market for Food Application Revenue Share, by End-Use (2021 and 2028)
Figure 35. North America: EVOH Resins Market for Food Application Revenue Share, by Key Country (2021 and 2028)
Figure 36. US: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 37. US: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 38. Canada: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Canada: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 40. Mexico: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 42. Europe: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: EVOH Resins Market for Food Application Revenue Share, by Application (2021 and 2028)
Figure 44. Europe: EVOH Resins Market for Food Application Revenue Share, by End-Use (2021 and 2028)
Figure 45. Europe: EVOH Resins Market for Food Application Revenue Share, by Key Country (2021 and 2028)
Figure 46. Germany: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 47. Germany: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 48. France: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 49. France: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 50. Italy: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 51. Italy: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 52. U.K: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 53. U.K: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 54. Russia: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 55. Russia: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 56. Rest of Europe: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 57. Rest of Europe: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 58. Asia-Pacific: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Asia-Pacific: EVOH Resins Market for Food Application – Volume and Forecast to 2028 (Tons)
Figure 60. Asia-Pacific: EVOH Resins Market for Food Application Revenue Share, by End-Use (2021 and 2028)
Figure 61. Asia-Pacific: EVOH Resins Market for Food Application Revenue Share, by End-Use (2021 and 2028)
Figure 62. Asia-Pacific: EVOH Resins Market for Food Application Revenue Share, by Key Country (2021 and 2028)
Figure 63. Australia: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 64. Australia: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 65. China: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 66. China: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 67. India: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 68. India: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 69. Japan: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 70. Japan: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 71. South Korea: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 72. South Korea: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 73. Rest of Asia-Pacific: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 74. Rest of Asia-Pacific: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 75. Middle East and Africa: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Middle East and Africa: EVOH Resins Market for Food Application – Volume and Forecast to 2028 (Tons)
Figure 77. Middle East and Africa: EVOH Resins Market for Food Application Revenue Share, by Application (2021 and 2028)
Figure 78. Middle East and Africa: EVOH Resins Market for Food Application Revenue Share, by End-Use (2021 and 2028)
Figure 79. Middle East and Africa: EVOH Resins Market for Food Application Revenue Share, By Key Country (2021 And 2028)
Figure 80. South Africa: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 81. South Africa: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 82. Saudi Arabia: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 83. Saudi Arabia: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 84. UAE: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 85. UAE: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 86. Rest of the Middle East and Africa: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 87. Rest of the Middle East and Africa: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 88. South and Central America: EVOH Resins Market for Food Application – Revenue and Forecast to 2028 (US$ Million)
Figure 89. South and Central America: EVOH Resins Market for Food Application – Volume and Forecast to 2028 (Tons)
Figure 90. South and Central America: EVOH Resins Market for Food Application Revenue Share, by Application (2021 and 2028)
Figure 91. Middle East and Africa: EVOH Resins Market for Food Application Revenue Share, by End-Use (2021 and 2028)
Figure 92. South and Central America: EVOH Resins Market for Food Application Revenue Share, By Key Country (2021 And 2028)
Figure 93. Brazil: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 94. Argentina: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 95. Argentina: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 96. Rest of South and Central America: EVOH Resins Market for Food Application –Revenue and Forecast to 2028 (US$ Million)
Figure 97. Rest of South and Central America: EVOH Resins Market for Food Application –Volume and Forecast to 2028 (Tons)
Figure 98. Impact of COVID-19 Pandemic on EVOH Resins Market for Food Application in North America
Figure 99. Impact of COVID-19 Pandemic on EVOH Resins Market for Food Application in Europe
Figure 100. Impact of COVID-19 Pandemic on EVOH Resins Market for Food Application in Asia Pacific
Figure 101. Impact of COVID-19 Pandemic on EVOH Resins Market for Food Application in Middle East and Africa
Figure 102. Impact of COVID-19 Pandemic on EVOH Resins Market for Food Application in South America
The List of Companies - EVOH Resins for Food Application Market
- Kuraray Co., Ltd.
- Nippon Gohsei (UK) Limited
- Kureha Europe B.V.
- Chang Chun Group
- Eval Europe NV
- Soarus L.L.C. (Mitsubishi Chemical Europe GmbH)
- Schur Flexibles GmbH
- Arkema
- Solvay S.A.
- Gantrade Corporation
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
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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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