The Metal Caps and Closures Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Material (Aluminum, Tin-Plated, Steel, and Others). The report further presents analysis based on Closures Type (Crown Caps, Screw Caps, Twist Metal Caps, and Others). Based on Application report is segmented into (Alcoholic Beverages, Non-Alcoholic Beverages, Cosmetics, Chemical, Household, Industrial, Pharmaceutical Industry, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Metal Caps and Closures 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.
Metal Caps and Closures Market Segmentation
Material- Aluminum
- Tin-Plated
- Steel
- Crown Caps
- Screw Caps
- Twist Metal Caps
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Cosmetics
- Chemical
- Household
- Industrial
- Pharmaceutical Industry
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Metal Caps and Closures Market Growth Drivers- Beverage Industry Growth: The rapidly growing beverage industry is the result of changes in consumer preference towards ready-to-drink beverages, convenience, and health-oriented drinks. Source of increased demand directly reflects increased demand for consumption of metal caps and closures. They provide safety and durability to liquid products, tamper-evidence, and leak-proof capability. Such use along with innovative metal closures has been propelled by craft brewing, carbonated beverages, and great packaging. Numerous brands are now using metal caps with superior sealing properties to enhance packed product freshness, quality, and appearance.
- Sustainability and Consumer Expectations Shaping Metal Closure: A huge contributor to this development is the soaring consumer expectations on quality of packaging. Another vital factor affecting the market for metal caps and closures is growing global movement toward sustainability. Beverage manufacturers entered into the realm of recyclable metal closures to cater to the eco-friendly consumer market. With emphasis on sustainable packaging by governments and industries, metal caps are gaining courtesy due to recyclability and a few impacts on the environment, as also per the beverage industry's commitment to the Plastic Reduction Program.
- Innovation and Eco-friendly Trends: The fast-expanding beverage industry is a great driving force behind the emergence of the market for metal caps and closures. Innovations in design, along with the sustainability concerns, will also be a strong factor in shaping the future of this segment in the packaging.
- Increased Focus on Recyclable and Eco-friendly Metal Closure Solutions: Sustainability has become increasingly the main factor influencing the demand for recyclable and green metal closure solutions. With environmental concerns rising, beverage companies are switching their closures towards metal forms-all of them, segmenting along the lines of the environment, recyclable and sustainable metal closures-fully recyclable. Even nowadays, it is an important factor driving growth in the market segment of metal caps and closures-fully recyclable.
- Stricter Regulations and Sustainability: Governments and institutions are going for even stricter laws on plastics and other use-based sustainability to encourage the utilization of metal closures. Metal closures preferably in aluminum and steel will be a no-waste option because they would not leave wastage generated through plastic. This trend is pushing the manufacturers for packaging solutions that are greener, sustainable, and regulatory-compliant.
- Consumer Awareness and Preference for Eco-friendly Packaging: With that, the consumers are become more aware of the types of materials used for packaging and their negative impacts on the environment. This prompted a preference among them towards brands that produce recyclable packaging materials, prompting beverage makers to make more offerings under environmental and green metal closures. These solutions work towards ensuring loyalty from consumers and attaining higher markets for sustainability, which pushes the market growth for green metal caps.
- Development of Lightweight and Corrosion-resistant Metal Closures: The manufacturing of lighter, corrosion-resistant metal closures is going to create a path for the growth of this market segment. The manufacturers are increasingly focused on producing such closures by minimizing weight without sacrificing durability. Cost-saving due to weight and better consumer attractiveness is driving the demand for such innovative solutions.
- Advances in Corrosion Resistance for Beverage Packaging: Corrosion resistance is, by a very large measure, driving factors behind the market growth. Beverage packaging needs to be sealed. In particular, acidic beverage products require seals that preserve the salutary packaging integrity and preserve product quality. Closures using metals through advances like aluminum and coated steel can keep better protection from corrosion, allowing beverages to stay in a shelf longer.
- Premium Packaging Trends: In addition, the increased adoption of such closures emanates from premium beverage packaging and the fact that manufacturers have begun investing in research with a view to producing closures that will be lightweight, corrosion-resistant, and attractive to the eyes. Such closures are designed for the needs of consumers and brands seeking the best solutions possible that meet practical and aesthetic requirements.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Metal Caps and Closures 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 Metal Caps and Closures 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
Increased Focus on Recyclable and Eco-friendly Metal Closure Solutions is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the metal caps and closures market.
Based on material, aluminum is expected to witness the fastest growth during the forecast period
Beverage Industry Growth is driving the market growth
Berlin Packaging, Crown Holdings Inc., Nippon Closures Co. Ltd. are some of the key players operating in the metal caps and closures market
The Metal Caps and Closures Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Metal Caps And Closures Market - By Material
1.3.2 Metal Caps And Closures Market - By Application
1.3.3 Metal Caps And Closures Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. METAL CAPS AND CLOSURES 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. METAL CAPS AND CLOSURES 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. METAL CAPS AND CLOSURES MARKET - GLOBAL MARKET ANALYSIS
6.1. METAL CAPS AND CLOSURES - GLOBAL MARKET OVERVIEW
6.2. METAL CAPS AND CLOSURES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. METAL CAPS AND CLOSURES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. ALUMINUM
7.3.1. Overview
7.3.2. Aluminum Market Forecast and Analysis
7.4. TIN-PLATED
7.4.1. Overview
7.4.2. Tin-Plated Market Forecast and Analysis
7.5. STEEL
7.5.1. Overview
7.5.2. Steel Market Forecast and Analysis
7.6. OTHER MATERIALS
7.6.1. Overview
7.6.2. Other Materials Market Forecast and Analysis
8. METAL CAPS AND CLOSURES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ALCOHOLIC BEVERAGES
8.3.1. Overview
8.3.2. Alcoholic Beverages Market Forecast and Analysis
8.4. NON-ALCOHOLIC BEVERAGES
8.4.1. Overview
8.4.2. Non-Alcoholic Beverages Market Forecast and Analysis
8.5. COSMETICS
8.5.1. Overview
8.5.2. Cosmetics Market Forecast and Analysis
8.6. CHEMICAL
8.6.1. Overview
8.6.2. Chemical Market Forecast and Analysis
8.7. HOUSEHOLD
8.7.1. Overview
8.7.2. Household Market Forecast and Analysis
8.8. INDUSTRIAL
8.8.1. Overview
8.8.2. Industrial Market Forecast and Analysis
8.9. PHARMACEUTICAL INDUSTRY
8.9.1. Overview
8.9.2. Pharmaceutical Industry Market Forecast and Analysis
8.10. OTHER APPLICATIONS
8.10.1. Overview
8.10.2. Other Applications Market Forecast and Analysis
9. METAL CAPS AND CLOSURES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Metal Caps And Closures Market Overview
9.1.2 North America Metal Caps And Closures Market Forecasts and Analysis
9.1.3 North America Metal Caps And Closures Market Forecasts and Analysis - By Material
9.1.4 North America Metal Caps And Closures Market Forecasts and Analysis - By Application
9.1.5 North America Metal Caps And Closures Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Metal Caps And Closures Market
9.1.5.1.1 Canada Metal Caps And Closures Market by Material
9.1.5.1.2 Canada Metal Caps And Closures Market by Application
9.1.5.2 Mexico Metal Caps And Closures Market
9.1.5.2.1 Mexico Metal Caps And Closures Market by Material
9.1.5.2.2 Mexico Metal Caps And Closures Market by Application
9.1.5.3 US Metal Caps And Closures Market
9.1.5.3.1 US Metal Caps And Closures Market by Material
9.1.5.3.2 US Metal Caps And Closures Market by Application
9.2. EUROPE
9.2.1 Europe Metal Caps And Closures Market Overview
9.2.2 Europe Metal Caps And Closures Market Forecasts and Analysis
9.2.3 Europe Metal Caps And Closures Market Forecasts and Analysis - By Material
9.2.4 Europe Metal Caps And Closures Market Forecasts and Analysis - By Application
9.2.5 Europe Metal Caps And Closures Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Metal Caps And Closures Market
9.2.5.1.1 Germany Metal Caps And Closures Market by Material
9.2.5.1.2 Germany Metal Caps And Closures Market by Application
9.2.5.2 France Metal Caps And Closures Market
9.2.5.2.1 France Metal Caps And Closures Market by Material
9.2.5.2.2 France Metal Caps And Closures Market by Application
9.2.5.3 Italy Metal Caps And Closures Market
9.2.5.3.1 Italy Metal Caps And Closures Market by Material
9.2.5.3.2 Italy Metal Caps And Closures Market by Application
9.2.5.4 United Kingdom Metal Caps And Closures Market
9.2.5.4.1 United Kingdom Metal Caps And Closures Market by Material
9.2.5.4.2 United Kingdom Metal Caps And Closures Market by Application
9.2.5.5 Russia Metal Caps And Closures Market
9.2.5.5.1 Russia Metal Caps And Closures Market by Material
9.2.5.5.2 Russia Metal Caps And Closures Market by Application
9.2.5.6 Rest of Europe Metal Caps And Closures Market
9.2.5.6.1 Rest of Europe Metal Caps And Closures Market by Material
9.2.5.6.2 Rest of Europe Metal Caps And Closures Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Metal Caps And Closures Market Overview
9.3.2 Asia-Pacific Metal Caps And Closures Market Forecasts and Analysis
9.3.3 Asia-Pacific Metal Caps And Closures Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Metal Caps And Closures Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Metal Caps And Closures Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Metal Caps And Closures Market
9.3.5.1.1 Australia Metal Caps And Closures Market by Material
9.3.5.1.2 Australia Metal Caps And Closures Market by Application
9.3.5.2 China Metal Caps And Closures Market
9.3.5.2.1 China Metal Caps And Closures Market by Material
9.3.5.2.2 China Metal Caps And Closures Market by Application
9.3.5.3 India Metal Caps And Closures Market
9.3.5.3.1 India Metal Caps And Closures Market by Material
9.3.5.3.2 India Metal Caps And Closures Market by Application
9.3.5.4 Japan Metal Caps And Closures Market
9.3.5.4.1 Japan Metal Caps And Closures Market by Material
9.3.5.4.2 Japan Metal Caps And Closures Market by Application
9.3.5.5 South Korea Metal Caps And Closures Market
9.3.5.5.1 South Korea Metal Caps And Closures Market by Material
9.3.5.5.2 South Korea Metal Caps And Closures Market by Application
9.3.5.6 Rest of Asia-Pacific Metal Caps And Closures Market
9.3.5.6.1 Rest of Asia-Pacific Metal Caps And Closures Market by Material
9.3.5.6.2 Rest of Asia-Pacific Metal Caps And Closures Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Metal Caps And Closures Market Overview
9.4.2 Middle East and Africa Metal Caps And Closures Market Forecasts and Analysis
9.4.3 Middle East and Africa Metal Caps And Closures Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Metal Caps And Closures Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Metal Caps And Closures Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Metal Caps And Closures Market
9.4.5.1.1 South Africa Metal Caps And Closures Market by Material
9.4.5.1.2 South Africa Metal Caps And Closures Market by Application
9.4.5.2 Saudi Arabia Metal Caps And Closures Market
9.4.5.2.1 Saudi Arabia Metal Caps And Closures Market by Material
9.4.5.2.2 Saudi Arabia Metal Caps And Closures Market by Application
9.4.5.3 U.A.E Metal Caps And Closures Market
9.4.5.3.1 U.A.E Metal Caps And Closures Market by Material
9.4.5.3.2 U.A.E Metal Caps And Closures Market by Application
9.4.5.4 Rest of Middle East and Africa Metal Caps And Closures Market
9.4.5.4.1 Rest of Middle East and Africa Metal Caps And Closures Market by Material
9.4.5.4.2 Rest of Middle East and Africa Metal Caps And Closures Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Metal Caps And Closures Market Overview
9.5.2 South and Central America Metal Caps And Closures Market Forecasts and Analysis
9.5.3 South and Central America Metal Caps And Closures Market Forecasts and Analysis - By Material
9.5.4 South and Central America Metal Caps And Closures Market Forecasts and Analysis - By Application
9.5.5 South and Central America Metal Caps And Closures Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Metal Caps And Closures Market
9.5.5.1.1 Brazil Metal Caps And Closures Market by Material
9.5.5.1.2 Brazil Metal Caps And Closures Market by Application
9.5.5.2 Argentina Metal Caps And Closures Market
9.5.5.2.1 Argentina Metal Caps And Closures Market by Material
9.5.5.2.2 Argentina Metal Caps And Closures Market by Application
9.5.5.3 Rest of South and Central America Metal Caps And Closures Market
9.5.5.3.1 Rest of South and Central America Metal Caps And Closures Market by Material
9.5.5.3.2 Rest of South and Central America Metal Caps And Closures Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. METAL CAPS AND CLOSURES MARKET, KEY COMPANY PROFILES
11.1. BERLIN PACKAGING
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CROWN HOLDINGS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NIPPON CLOSURES CO. LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. O.BERK COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PELLICONI AND C. SPA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. REYNOLDS PACKAGING GROUP LLC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SILGAN WHITE CAP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SKS BOTTLE AND PACKAGING INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TECNOCAP S.P.A.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE CARY COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Berlin Packaging
2.Crown Holdings Inc.
3.Nippon Closures Co. Ltd.
4.O.Berk Company
5.Pelliconi and C. Spa
6.Reynolds Packaging Group Llc.
7.Silgan White Cap
8.Sks Bottle and Packaging Inc.
9.Tecnocap S.P.A.
10.The Cary Company
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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