The Biopolymer Films Market is expected to register a CAGR of 8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on product (PLA films, PHB films, PHA films, Polyamide films, and others). The report is segmented by application (food and beverage, home and personal care, pharmaceutical, agriculture, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Biopolymer Films Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Biopolymer Films Market Segmentation
Product- PLA Films
- PHB Films
- PHA Films
- Polyamide Films
- Food and Beverage
- Home and Personal Care
- Pharmaceutical
- Agriculture
Strategic Insights
Biopolymer Films Market Growth Drivers- Growing Demand for Sustainable Packaging: The increasing consumer demand for eco-friendly and sustainable packaging solutions is a significant driver of the biopolymer films market. Biopolymer films, derived from renewable resources such as starch, cellulose, and plant-based polymers, offer a biodegradable alternative to conventional plastic films. As industries strive to reduce their environmental impact, the adoption of biopolymer films is growing, particularly in the food, beverage, and consumer goods sectors.
- Stringent Environmental Regulations and Plastic Bans: Governments worldwide are implementing stricter regulations on plastic waste, pollution, and single-use plastics, which are driving the demand for biopolymer films. Policies such as plastic bans and extended producer responsibility (EPR) regulations encourage manufacturers to seek sustainable packaging alternatives. Biopolymer films provide an environmentally friendly solution that complies with these regulations, helping businesses transition towards more sustainable packaging options and contributing to market growth.
- Increasing Consumer Preference for Eco-Conscious Products: Consumer awareness about the harmful effects of plastic waste and environmental pollution is driving a shift toward eco-friendly products. As consumers seek more sustainable alternatives, biopolymer films are gaining popularity due to their biodegradable and compostable properties. The growing demand for environmentally responsible packaging in industries such as food and beverages, cosmetics, and retail is significantly expanding the biopolymer films market.
- Advancements in Biopolymer Film Technology: Technological innovations in biopolymer film production are enhancing the quality and performance of these films. New processing techniques and formulations are improving the mechanical properties, flexibility, and durability of biopolymer films, making them more competitive with traditional plastic films. Additionally, advances in film coating and barrier technologies are extending the shelf life of products, driving the growth and adoption of biopolymer films in various industries.
- Expanding Applications in Food and Beverage Packaging: The food and beverage industry represents a major growth opportunity for the biopolymer films market. Biopolymer films provide a sustainable and safe alternative to traditional plastic packaging for food products, offering properties such as moisture resistance, heat sealing, and biodegradability. As the demand for eco-friendly packaging in the food sector increases, biopolymer films are gaining traction for their ability to reduce environmental impact while maintaining product quality.
- Growth in the Agricultural and Horticultural Sectors: The agricultural and horticultural sectors are increasingly adopting biopolymer films for applications such as mulch films and crop protection. Biopolymer films offer advantages such as biodegradability, soil enrichment, and better moisture retention. As the need for sustainable agricultural practices and biodegradable alternatives to conventional plastic films grows, the biopolymer films market is expanding in this sector.
- Opportunities in Compostable Packaging: Compostable packaging is a growing trend, especially as consumers and businesses demand solutions that reduce landfill waste. Biopolymer films, being biodegradable and compostable, offer a valuable opportunity in this space. The demand for compostable films in food packaging, disposable items, and even e-commerce packaging is on the rise. As industries continue to prioritize sustainability, the biopolymer films market is set to benefit from this growing opportunity.
- Opportunities in the Cosmetic and Personal Care Industry: The cosmetic and personal care industry is adopting biopolymer films to meet the growing demand for sustainable packaging. Biopolymer films are being used for packaging products such as shampoos, lotions, and makeup, offering an eco-friendly alternative to conventional plastics. As brands in the beauty and personal care sector increasingly focus on sustainability, the biopolymer films market is poised for growth in this application.
- Opportunities in the Medical and Pharmaceutical Industries: The medical and pharmaceutical industries represent a promising opportunity for biopolymer films. These films are being used for applications such as medical packaging, sterile wraps, and wound care. Biopolymer films offer benefits such as biodegradability, non-toxicity, and compliance with stringent regulations for medical applications. As the healthcare sector increasingly adopts sustainable materials, the biopolymer films market is set to expand in this industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Biopolymer Films Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Biopolymer Films Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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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
Increasing use of nanotechnology to enhance film properties is expected to be the key market trends.
Rising adoption of biopolymer films in food packaging and agricultural applications is driving the market growth.
Amcor; Avery Dennison; BASF SE; Braskem; BioBag International; Bulwark Industrial Solutions; Evonik; Innovia Films; Klöckner Pentaplast; and HUBEI HYF PACKAGING CO., LTD. are some of the key players operating in the biopolymer films market
Based on product, the PLA films segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the biopolymer films market due to increasing demand for sustainable materials, favorable government policies, and a growing food and beverage industry in the region.
The Biopolymer Films Market is estimated to witness a CAGR of 8% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Biopolymer Films Market - By Raw Material
1.3.2Biopolymer Films Market - By Technology
1.3.3Biopolymer Films Market - By Product
1.3.4Biopolymer Films Market - By End User
1.3.5Biopolymer Films Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BIOPOLYMER FILMS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.BIOPOLYMER FILMS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BIOPOLYMER FILMS MARKET - GLOBAL MARKET ANALYSIS
6.1.BIOPOLYMER FILMS - GLOBAL MARKET OVERVIEW
6.2.BIOPOLYMER FILMS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BIOPOLYMER FILMS MARKET - REVENUE AND FORECASTS TO 2028 â" RAW MATERIAL
7.1.OVERVIEW
7.2.RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.BIO-BASED
7.3.1.Overview
7.3.2.Bio-based Market Forecast and Analysis
7.4.MICROBIAL SYNTHESIZED
7.4.1.Overview
7.4.2.Microbial Synthesized Market Forecast and Analysis
7.5.SYNTHETIC
7.5.1.Overview
7.5.2.Synthetic Market Forecast and Analysis
7.6.PARTIALLY BIO-BASED
7.6.1.Overview
7.6.2.Partially Bio-based Market Forecast and Analysis
8.BIOPOLYMER FILMS MARKET - REVENUE AND FORECASTS TO 2028 â" TECHNOLOGY
8.1.OVERVIEW
8.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.SOL-GEL
8.3.1.Overview
8.3.2.Sol-gel Market Forecast and Analysis
8.4.ATOMIC LAYER DEPOSITION [ALD]
8.4.1.Overview
8.4.2.Atomic Layer Deposition [ALD] Market Forecast and Analysis
8.5.MULTILAYER
8.5.1.Overview
8.5.2.Multilayer Market Forecast and Analysis
9.BIOPOLYMER FILMS MARKET - REVENUE AND FORECASTS TO 2028 â" PRODUCT
9.1.OVERVIEW
9.2.PRODUCT MARKET FORECASTS AND ANALYSIS
9.3.PLA
9.3.1.Overview
9.3.2.PLA Market Forecast and Analysis
9.4.PHB
9.4.1.Overview
9.4.2.PHB Market Forecast and Analysis
9.5.PHA
9.5.1.Overview
9.5.2.PHA Market Forecast and Analysis
9.6.PVA
9.6.1.Overview
9.6.2.PVA Market Forecast and Analysis
9.7.POLYAMIDE
9.7.1.Overview
9.7.2.Polyamide Market Forecast and Analysis
9.8.MULCH
9.8.1.Overview
9.8.2.Mulch Market Forecast and Analysis
9.9.CELLOPHANE
9.9.1.Overview
9.9.2.Cellophane Market Forecast and Analysis
10.BIOPOLYMER FILMS MARKET - REVENUE AND FORECASTS TO 2028 â" END USER
10.1.OVERVIEW
10.2.END USER MARKET FORECASTS AND ANALYSIS
10.3.FOOD AND BEVERAGE
10.3.1.Overview
10.3.2.Food and Beverage Market Forecast and Analysis
10.4.HOME AND PERSONAL CARE
10.4.1.Overview
10.4.2.Home and Personal Care Market Forecast and Analysis
10.5.MEDICAL AND PHARMACEUTICAL
10.5.1.Overview
10.5.2.Medical and Pharmaceutical Market Forecast and Analysis
10.6.AGRICULTURE
10.6.1.Overview
10.6.2.Agriculture Market Forecast and Analysis
11.BIOPOLYMER FILMS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Biopolymer Films Market Overview
11.1.2North America Biopolymer Films Market Forecasts and Analysis
11.1.3North America Biopolymer Films Market Forecasts and Analysis - By Raw Material
11.1.4North America Biopolymer Films Market Forecasts and Analysis - By Technology
11.1.5North America Biopolymer Films Market Forecasts and Analysis - By Product
11.1.6North America Biopolymer Films Market Forecasts and Analysis - By End User
11.1.7North America Biopolymer Films Market Forecasts and Analysis - By Countries
11.1.7.1United States Biopolymer Films Market
11.1.7.1.1United States Biopolymer Films Market by Raw Material
11.1.7.1.2United States Biopolymer Films Market by Technology
11.1.7.1.3United States Biopolymer Films Market by Product
11.1.7.1.4United States Biopolymer Films Market by End User
11.1.7.2Canada Biopolymer Films Market
11.1.7.2.1Canada Biopolymer Films Market by Raw Material
11.1.7.2.2Canada Biopolymer Films Market by Technology
11.1.7.2.3Canada Biopolymer Films Market by Product
11.1.7.2.4Canada Biopolymer Films Market by End User
11.1.7.3Mexico Biopolymer Films Market
11.1.7.3.1Mexico Biopolymer Films Market by Raw Material
11.1.7.3.2Mexico Biopolymer Films Market by Technology
11.1.7.3.3Mexico Biopolymer Films Market by Product
11.1.7.3.4Mexico Biopolymer Films Market by End User
11.2.EUROPE
11.2.1Europe Biopolymer Films Market Overview
11.2.2Europe Biopolymer Films Market Forecasts and Analysis
11.2.3Europe Biopolymer Films Market Forecasts and Analysis - By Raw Material
11.2.4Europe Biopolymer Films Market Forecasts and Analysis - By Technology
11.2.5Europe Biopolymer Films Market Forecasts and Analysis - By Product
11.2.6Europe Biopolymer Films Market Forecasts and Analysis - By End User
11.2.7Europe Biopolymer Films Market Forecasts and Analysis - By Countries
11.2.7.1Germany Biopolymer Films Market
11.2.7.1.1Germany Biopolymer Films Market by Raw Material
11.2.7.1.2Germany Biopolymer Films Market by Technology
11.2.7.1.3Germany Biopolymer Films Market by Product
11.2.7.1.4Germany Biopolymer Films Market by End User
11.2.7.2France Biopolymer Films Market
11.2.7.2.1France Biopolymer Films Market by Raw Material
11.2.7.2.2France Biopolymer Films Market by Technology
11.2.7.2.3France Biopolymer Films Market by Product
11.2.7.2.4France Biopolymer Films Market by End User
11.2.7.3Italy Biopolymer Films Market
11.2.7.3.1Italy Biopolymer Films Market by Raw Material
11.2.7.3.2Italy Biopolymer Films Market by Technology
11.2.7.3.3Italy Biopolymer Films Market by Product
11.2.7.3.4Italy Biopolymer Films Market by End User
11.2.7.4United Kingdom Biopolymer Films Market
11.2.7.4.1United Kingdom Biopolymer Films Market by Raw Material
11.2.7.4.2United Kingdom Biopolymer Films Market by Technology
11.2.7.4.3United Kingdom Biopolymer Films Market by Product
11.2.7.4.4United Kingdom Biopolymer Films Market by End User
11.2.7.5Russia Biopolymer Films Market
11.2.7.5.1Russia Biopolymer Films Market by Raw Material
11.2.7.5.2Russia Biopolymer Films Market by Technology
11.2.7.5.3Russia Biopolymer Films Market by Product
11.2.7.5.4Russia Biopolymer Films Market by End User
11.2.7.6Rest of Europe Biopolymer Films Market
11.2.7.6.1Rest of Europe Biopolymer Films Market by Raw Material
11.2.7.6.2Rest of Europe Biopolymer Films Market by Technology
11.2.7.6.3Rest of Europe Biopolymer Films Market by Product
11.2.7.6.4Rest of Europe Biopolymer Films Market by End User
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Biopolymer Films Market Overview
11.3.2Asia-Pacific Biopolymer Films Market Forecasts and Analysis
11.3.3Asia-Pacific Biopolymer Films Market Forecasts and Analysis - By Raw Material
11.3.4Asia-Pacific Biopolymer Films Market Forecasts and Analysis - By Technology
11.3.5Asia-Pacific Biopolymer Films Market Forecasts and Analysis - By Product
11.3.6Asia-Pacific Biopolymer Films Market Forecasts and Analysis - By End User
11.3.7Asia-Pacific Biopolymer Films Market Forecasts and Analysis - By Countries
11.3.7.1Australia Biopolymer Films Market
11.3.7.1.1Australia Biopolymer Films Market by Raw Material
11.3.7.1.2Australia Biopolymer Films Market by Technology
11.3.7.1.3Australia Biopolymer Films Market by Product
11.3.7.1.4Australia Biopolymer Films Market by End User
11.3.7.2China Biopolymer Films Market
11.3.7.2.1China Biopolymer Films Market by Raw Material
11.3.7.2.2China Biopolymer Films Market by Technology
11.3.7.2.3China Biopolymer Films Market by Product
11.3.7.2.4China Biopolymer Films Market by End User
11.3.7.3India Biopolymer Films Market
11.3.7.3.1India Biopolymer Films Market by Raw Material
11.3.7.3.2India Biopolymer Films Market by Technology
11.3.7.3.3India Biopolymer Films Market by Product
11.3.7.3.4India Biopolymer Films Market by End User
11.3.7.4Japan Biopolymer Films Market
11.3.7.4.1Japan Biopolymer Films Market by Raw Material
11.3.7.4.2Japan Biopolymer Films Market by Technology
11.3.7.4.3Japan Biopolymer Films Market by Product
11.3.7.4.4Japan Biopolymer Films Market by End User
11.3.7.5South Korea Biopolymer Films Market
11.3.7.5.1South Korea Biopolymer Films Market by Raw Material
11.3.7.5.2South Korea Biopolymer Films Market by Technology
11.3.7.5.3South Korea Biopolymer Films Market by Product
11.3.7.5.4South Korea Biopolymer Films Market by End User
11.3.7.6Rest of Asia-Pacific Biopolymer Films Market
11.3.7.6.1Rest of Asia-Pacific Biopolymer Films Market by Raw Material
11.3.7.6.2Rest of Asia-Pacific Biopolymer Films Market by Technology
11.3.7.6.3Rest of Asia-Pacific Biopolymer Films Market by Product
11.3.7.6.4Rest of Asia-Pacific Biopolymer Films Market by End User
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Biopolymer Films Market Overview
11.4.2Middle East and Africa Biopolymer Films Market Forecasts and Analysis
11.4.3Middle East and Africa Biopolymer Films Market Forecasts and Analysis - By Raw Material
11.4.4Middle East and Africa Biopolymer Films Market Forecasts and Analysis - By Technology
11.4.5Middle East and Africa Biopolymer Films Market Forecasts and Analysis - By Product
11.4.6Middle East and Africa Biopolymer Films Market Forecasts and Analysis - By End User
11.4.7Middle East and Africa Biopolymer Films Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Biopolymer Films Market
11.4.7.1.1South Africa Biopolymer Films Market by Raw Material
11.4.7.1.2South Africa Biopolymer Films Market by Technology
11.4.7.1.3South Africa Biopolymer Films Market by Product
11.4.7.1.4South Africa Biopolymer Films Market by End User
11.4.7.2Saudi Arabia Biopolymer Films Market
11.4.7.2.1Saudi Arabia Biopolymer Films Market by Raw Material
11.4.7.2.2Saudi Arabia Biopolymer Films Market by Technology
11.4.7.2.3Saudi Arabia Biopolymer Films Market by Product
11.4.7.2.4Saudi Arabia Biopolymer Films Market by End User
11.4.7.3U.A.E Biopolymer Films Market
11.4.7.3.1U.A.E Biopolymer Films Market by Raw Material
11.4.7.3.2U.A.E Biopolymer Films Market by Technology
11.4.7.3.3U.A.E Biopolymer Films Market by Product
11.4.7.3.4U.A.E Biopolymer Films Market by End User
11.4.7.4Rest of Middle East and Africa Biopolymer Films Market
11.4.7.4.1Rest of Middle East and Africa Biopolymer Films Market by Raw Material
11.4.7.4.2Rest of Middle East and Africa Biopolymer Films Market by Technology
11.4.7.4.3Rest of Middle East and Africa Biopolymer Films Market by Product
11.4.7.4.4Rest of Middle East and Africa Biopolymer Films Market by End User
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Biopolymer Films Market Overview
11.5.2South and Central America Biopolymer Films Market Forecasts and Analysis
11.5.3South and Central America Biopolymer Films Market Forecasts and Analysis - By Raw Material
11.5.4South and Central America Biopolymer Films Market Forecasts and Analysis - By Technology
11.5.5South and Central America Biopolymer Films Market Forecasts and Analysis - By Product
11.5.6South and Central America Biopolymer Films Market Forecasts and Analysis - By End User
11.5.7South and Central America Biopolymer Films Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Biopolymer Films Market
11.5.7.1.1Brazil Biopolymer Films Market by Raw Material
11.5.7.1.2Brazil Biopolymer Films Market by Technology
11.5.7.1.3Brazil Biopolymer Films Market by Product
11.5.7.1.4Brazil Biopolymer Films Market by End User
11.5.7.2Argentina Biopolymer Films Market
11.5.7.2.1Argentina Biopolymer Films Market by Raw Material
11.5.7.2.2Argentina Biopolymer Films Market by Technology
11.5.7.2.3Argentina Biopolymer Films Market by Product
11.5.7.2.4Argentina Biopolymer Films Market by End User
11.5.7.3Rest of South and Central America Biopolymer Films Market
11.5.7.3.1Rest of South and Central America Biopolymer Films Market by Raw Material
11.5.7.3.2Rest of South and Central America Biopolymer Films Market by Technology
11.5.7.3.3Rest of South and Central America Biopolymer Films Market by Product
11.5.7.3.4Rest of South and Central America Biopolymer Films Market by End User
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.BIOPOLYMER FILMS MARKET, KEY COMPANY PROFILES
13.1.AVERY DENNISON CORPORATION
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.BASF SE
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.BRASKEM SA
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.EVONIK INDUSTRIES AG
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.INDUSTRIA TERMOPLASTICA PAVESE SPA (ITP)
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.INNOVIA FILMS
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.MONDI GROUP
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.NATUREWORKS LLC
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.PLASTIC UNION NV
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.TAGHLEEF INDUSTRIES
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. Avery Dennison Corporation
2. BASF SE
3. Braskem SA
4. Evonik Industries AG
5. Industria Termoplastica Pavese SpA (ITP)
6. Innovia Films
7. Mondi Group
8. NatureWorks LLC
9. Plastic Union NV
10. Taghleef Industries
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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