The Glufosinate 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 is segmented by Crop Type (Genetically Modified Crops and Conventional Crops). The report further presents analysis based on From (Dry and Liquid). Based on Application report is segmented into (Agricultural and Non-Agricultural). 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 Glufosinate 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.
Glufosinate Market Segmentation
Crop Type- Genetically Modified Crops
- Conventional Crops
- Dry
- Liquid
Strategic Insights
Glufosinate Market Growth Drivers- Rising Demand for Herbicides: Glufosinate, a broad-spectrum herbicide, is in high demand due to its effectiveness in controlling a wide range of weeds, including those resistant to other herbicides. As the global agricultural industry seeks efficient weed management solutions to enhance crop yields, the use of glufosinate continues to rise, driving market growth. Its importance in ensuring sustainable farming practices by reducing weed competition is crucial for modern agriculture.
- Adoption of Genetically Modified Crops: The increasing use of genetically modified (GM) crops resistant to glufosinate is driving the market. GM crops, such as soybeans, cotton, and corn, that are tolerant to glufosinate, allow for more effective and selective weed control. The growing adoption of these crops, especially in regions like North America and South America, directly contributes to the rising demand for glufosinate-based herbicides.
- Expansion of Global Agricultural Practices: The growing agricultural sector, particularly in developing economies, is a key driver for the glufosinate market. As farmers in emerging regions seek more efficient and cost-effective ways to manage crops, herbicides like glufosinate are increasingly being adopted. This is driven by the need to meet rising food demands and combat challenges posed by changing environmental conditions.
- Development of Environmentally Friendly Formulations: In response to environmental concerns, there is a trend towards the development of more sustainable and eco-friendly formulations of glufosinate. Manufacturers are working on creating products with lower toxicity to non-target organisms, improving the safety of its use while maintaining its efficacy. This aligns with global shifts toward sustainable agricultural practices and more environmentally conscious farming.
- Integration with Precision Agriculture: Precision agriculture technologies, which use data and advanced equipment to optimize crop management, are expected to drive future demand for glufosinate. As farmers adopt precision farming methods, glufosinate applications can be more targeted and efficient, reducing overall usage while maximizing effectiveness. This integration will lead to improved sustainability and cost-efficiency in weed control.
- Regulatory and Safety Advancements: With increasing regulatory scrutiny, future trends will focus on ensuring that glufosinate products meet stricter safety standards. Research into its long-term environmental and health effects will likely drive the development of safer, less harmful herbicide alternatives. Stricter regulations may lead to innovations in glufosinate formulation to comply with global safety and environmental norms.
- Growing Adoption in Developing Markets: Emerging economies in Africa, Asia-Pacific, and Latin America present significant opportunities for glufosinate market growth. As these regions experience rapid agricultural development, the demand for efficient and effective herbicides like glufosinate will rise. Companies that expand their presence in these regions can tap into the growing need for modern crop protection solutions.
- Expansion in Organic Farming: There is increasing interest in organic farming, which has traditionally avoided synthetic herbicides. However, glufosinate can be an attractive option for certain organic farming systems when used in accordance with organic certification guidelines. This offers a niche market opportunity for glufosinate in areas where weed control is a challenge without compromising organic standards.
- Advancements in Crop Protection Partnerships: Collaboration between glufosinate manufacturers and biotech companies for the development of herbicide-resistant crops is a significant opportunity. As biotech innovations in genetically modified crops expand, partnerships that integrate glufosinate-based weed control with biotech crops will offer synergies. This can drive market expansion and improve the effectiveness of crop protection strategies globally.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Glufosinate 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 Glufosinate 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
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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
Sustainable Agricultural Practices is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the glufosinate market.
BASF SE, Bayer AG, E.I. Du Pont De Nemours and Company are some of the key players operating in the glufosinate market
Based on crop type, genetically modified crops, is expected to witness the fastest growth during the forecast period
The Glufosinate Market is estimated to witness a CAGR of 8% from 2023 to 2031
Increasing Herbicide Resistance is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glufosinate Market - By Crop Type
1.3.2 Glufosinate Market - By Form
1.3.3 Glufosinate Market - By Application
1.3.4 Glufosinate Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLUFOSINATE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GLUFOSINATE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GLUFOSINATE MARKET - GLOBAL MARKET ANALYSIS
6.1. GLUFOSINATE - GLOBAL MARKET OVERVIEW
6.2. GLUFOSINATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLUFOSINATE MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
7.1. OVERVIEW
7.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
7.3. GENETICALLY MODIFIED CROPS
7.3.1. Overview
7.3.2. Genetically Modified Crops Market Forecast and Analysis
7.4. CONVENTIONAL CROPS
7.4.1. Overview
7.4.2. Conventional Crops Market Forecast and Analysis
8. GLUFOSINATE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. LIQUID
8.3.1. Overview
8.3.2. Liquid Market Forecast and Analysis
8.4. DRY
8.4.1. Overview
8.4.2. Dry Market Forecast and Analysis
9. GLUFOSINATE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AGRICULTURAL
9.3.1. Overview
9.3.2. Agricultural Market Forecast and Analysis
9.3.3. Grains and Cereals Market
9.3.3.1. Overview
9.3.3.2. Grains and Cereals Market Forecast and Analysis
9.3.4. Oilseeds and Pulses Market
9.3.4.1. Overview
9.3.4.2. Oilseeds and Pulses Market Forecast and Analysis
9.3.5. Fruits and Vegetables Market
9.3.5.1. Overview
9.3.5.2. Fruits and Vegetables Market Forecast and Analysis
9.3.6. Others Market
9.3.6.1. Overview
9.3.6.2. Others Market Forecast and Analysis
9.4. NON-AGRICULTURAL
9.4.1. Overview
9.4.2. Non-Agricultural Market Forecast and Analysis
10. GLUFOSINATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Glufosinate Market Overview
10.1.2 North America Glufosinate Market Forecasts and Analysis
10.1.3 North America Glufosinate Market Forecasts and Analysis - By Crop Type
10.1.4 North America Glufosinate Market Forecasts and Analysis - By Form
10.1.5 North America Glufosinate Market Forecasts and Analysis - By Application
10.1.6 North America Glufosinate Market Forecasts and Analysis - By Countries
10.1.6.1 United States Glufosinate Market
10.1.6.1.1 United States Glufosinate Market by Crop Type
10.1.6.1.2 United States Glufosinate Market by Form
10.1.6.1.3 United States Glufosinate Market by Application
10.1.6.2 Canada Glufosinate Market
10.1.6.2.1 Canada Glufosinate Market by Crop Type
10.1.6.2.2 Canada Glufosinate Market by Form
10.1.6.2.3 Canada Glufosinate Market by Application
10.1.6.3 Mexico Glufosinate Market
10.1.6.3.1 Mexico Glufosinate Market by Crop Type
10.1.6.3.2 Mexico Glufosinate Market by Form
10.1.6.3.3 Mexico Glufosinate Market by Application
10.2. EUROPE
10.2.1 Europe Glufosinate Market Overview
10.2.2 Europe Glufosinate Market Forecasts and Analysis
10.2.3 Europe Glufosinate Market Forecasts and Analysis - By Crop Type
10.2.4 Europe Glufosinate Market Forecasts and Analysis - By Form
10.2.5 Europe Glufosinate Market Forecasts and Analysis - By Application
10.2.6 Europe Glufosinate Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Glufosinate Market
10.2.6.1.1 Germany Glufosinate Market by Crop Type
10.2.6.1.2 Germany Glufosinate Market by Form
10.2.6.1.3 Germany Glufosinate Market by Application
10.2.6.2 France Glufosinate Market
10.2.6.2.1 France Glufosinate Market by Crop Type
10.2.6.2.2 France Glufosinate Market by Form
10.2.6.2.3 France Glufosinate Market by Application
10.2.6.3 Italy Glufosinate Market
10.2.6.3.1 Italy Glufosinate Market by Crop Type
10.2.6.3.2 Italy Glufosinate Market by Form
10.2.6.3.3 Italy Glufosinate Market by Application
10.2.6.4 United Kingdom Glufosinate Market
10.2.6.4.1 United Kingdom Glufosinate Market by Crop Type
10.2.6.4.2 United Kingdom Glufosinate Market by Form
10.2.6.4.3 United Kingdom Glufosinate Market by Application
10.2.6.5 Russia Glufosinate Market
10.2.6.5.1 Russia Glufosinate Market by Crop Type
10.2.6.5.2 Russia Glufosinate Market by Form
10.2.6.5.3 Russia Glufosinate Market by Application
10.2.6.6 Rest of Europe Glufosinate Market
10.2.6.6.1 Rest of Europe Glufosinate Market by Crop Type
10.2.6.6.2 Rest of Europe Glufosinate Market by Form
10.2.6.6.3 Rest of Europe Glufosinate Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Glufosinate Market Overview
10.3.2 Asia-Pacific Glufosinate Market Forecasts and Analysis
10.3.3 Asia-Pacific Glufosinate Market Forecasts and Analysis - By Crop Type
10.3.4 Asia-Pacific Glufosinate Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Glufosinate Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Glufosinate Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Glufosinate Market
10.3.6.1.1 Australia Glufosinate Market by Crop Type
10.3.6.1.2 Australia Glufosinate Market by Form
10.3.6.1.3 Australia Glufosinate Market by Application
10.3.6.2 China Glufosinate Market
10.3.6.2.1 China Glufosinate Market by Crop Type
10.3.6.2.2 China Glufosinate Market by Form
10.3.6.2.3 China Glufosinate Market by Application
10.3.6.3 India Glufosinate Market
10.3.6.3.1 India Glufosinate Market by Crop Type
10.3.6.3.2 India Glufosinate Market by Form
10.3.6.3.3 India Glufosinate Market by Application
10.3.6.4 Japan Glufosinate Market
10.3.6.4.1 Japan Glufosinate Market by Crop Type
10.3.6.4.2 Japan Glufosinate Market by Form
10.3.6.4.3 Japan Glufosinate Market by Application
10.3.6.5 South Korea Glufosinate Market
10.3.6.5.1 South Korea Glufosinate Market by Crop Type
10.3.6.5.2 South Korea Glufosinate Market by Form
10.3.6.5.3 South Korea Glufosinate Market by Application
10.3.6.6 Rest of Asia-Pacific Glufosinate Market
10.3.6.6.1 Rest of Asia-Pacific Glufosinate Market by Crop Type
10.3.6.6.2 Rest of Asia-Pacific Glufosinate Market by Form
10.3.6.6.3 Rest of Asia-Pacific Glufosinate Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Glufosinate Market Overview
10.4.2 Middle East and Africa Glufosinate Market Forecasts and Analysis
10.4.3 Middle East and Africa Glufosinate Market Forecasts and Analysis - By Crop Type
10.4.4 Middle East and Africa Glufosinate Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Glufosinate Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Glufosinate Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Glufosinate Market
10.4.6.1.1 South Africa Glufosinate Market by Crop Type
10.4.6.1.2 South Africa Glufosinate Market by Form
10.4.6.1.3 South Africa Glufosinate Market by Application
10.4.6.2 Saudi Arabia Glufosinate Market
10.4.6.2.1 Saudi Arabia Glufosinate Market by Crop Type
10.4.6.2.2 Saudi Arabia Glufosinate Market by Form
10.4.6.2.3 Saudi Arabia Glufosinate Market by Application
10.4.6.3 U.A.E Glufosinate Market
10.4.6.3.1 U.A.E Glufosinate Market by Crop Type
10.4.6.3.2 U.A.E Glufosinate Market by Form
10.4.6.3.3 U.A.E Glufosinate Market by Application
10.4.6.4 Rest of Middle East and Africa Glufosinate Market
10.4.6.4.1 Rest of Middle East and Africa Glufosinate Market by Crop Type
10.4.6.4.2 Rest of Middle East and Africa Glufosinate Market by Form
10.4.6.4.3 Rest of Middle East and Africa Glufosinate Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Glufosinate Market Overview
10.5.2 South and Central America Glufosinate Market Forecasts and Analysis
10.5.3 South and Central America Glufosinate Market Forecasts and Analysis - By Crop Type
10.5.4 South and Central America Glufosinate Market Forecasts and Analysis - By Form
10.5.5 South and Central America Glufosinate Market Forecasts and Analysis - By Application
10.5.6 South and Central America Glufosinate Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Glufosinate Market
10.5.6.1.1 Brazil Glufosinate Market by Crop Type
10.5.6.1.2 Brazil Glufosinate Market by Form
10.5.6.1.3 Brazil Glufosinate Market by Application
10.5.6.2 Argentina Glufosinate Market
10.5.6.2.1 Argentina Glufosinate Market by Crop Type
10.5.6.2.2 Argentina Glufosinate Market by Form
10.5.6.2.3 Argentina Glufosinate Market by Application
10.5.6.3 Rest of South and Central America Glufosinate Market
10.5.6.3.1 Rest of South and Central America Glufosinate Market by Crop Type
10.5.6.3.2 Rest of South and Central America Glufosinate Market by Form
10.5.6.3.3 Rest of South and Central America Glufosinate Market by Application
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. GLUFOSINATE MARKET, KEY COMPANY PROFILES
12.1. BASF SE
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. BAYER AG
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. E.I. DU PONT DE NEMOURS AND COMPANY
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. 3JIANGSU HUANGMA AGROCHEMICALS CO.,LTD.
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. LIER CHEMICAL CO., LTD.
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. NUFARM LIMITED
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. SYNGENTA AG
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. THE DOW CHEMICAL COMPANY
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. UPL LIMITED
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. ZHEJIANG YONGNONG CHEM. IND. CO., LTD
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. BASF SE
2. Bayer AG
3. E.I. Du Pont De Nemours and Company
4. 3Jiangsu Huangma Agrochemicals Co.,Ltd.
5. Lier Chemical Co., Ltd.
6. Nufarm Limited
7. Syngenta AG
8. The DOW Chemical Company
9. UPL Limited
10. Zhejiang Yongnong Chem. Ind. Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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