The Polymer Casings 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.
Polymer Casings Market covers analysis by Type (Food Grade Casing, Non-Food Grade Casing); Material Type (Cellulose Fiber, Polyamides (PA), Polyvinyl Chloride (PVC), Polyvinylidene Chloride (PVDC), Polyethylene (PE), Others); End-User Industry (Food and Beverages, Ammunition, Building and Construction, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The polymer casings are utilized to make sure about the items from the external condition and give high time span of usability. By and large, the polymer casings are utilized in different industry according to the need and state of items.
Purpose of the ReportThe report Polymer Casings 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.
Polymer Casings Market Segmentation
Type- Food Grade Casing
- Non-Food Grade Casing
- Cellulose Fiber
- Polyamides
- Polyvinyl Chloride
- Polyvinylidene Chloride
- Polyethylene
Strategic Insights
Polymer Casings Market Growth Drivers- Increasing Demand in the Food Industry: One of the primary drivers of the global polymer casings market is the growing demand for processed and packaged food. Polymer casings are commonly used in the food industry for sausages, hot dogs, and other processed meat products due to their ability to preserve freshness, enhance shelf life, and provide protection during handling and transportation. With the rising demand for convenience foods and ready-to-eat meals, the need for high-quality, functional packaging solutions is increasing. Polymer casings offer advantages such as flexibility, cost-effectiveness, and ease of use, which are contributing to their widespread adoption in the food industry.
- Shift Towards Sustainable Packaging Solutions: The global push toward sustainability and reducing plastic waste is driving innovations in the polymer casings market. Manufacturers are focusing on developing biodegradable and recyclable polymer casings to meet increasing regulatory pressures and consumer demand for eco-friendly packaging. These advanced casings offer the same protective properties as traditional options, while minimizing environmental impact. As governments and companies implement more stringent recycling and sustainability practices, the demand for sustainable polymer casings is expected to grow, driving market expansion.
- Advancements in Polymer Technology: Technological innovations in polymer materials are also fueling growth in the polymer casings market. Advances in polymer chemistry have led to the development of new, high-performance materials that offer improved properties such as better barrier resistance, temperature tolerance, and strength. These innovations are expanding the application scope of polymer casings in industries such as pharmaceuticals, medical devices, and consumer goods. Enhanced functionality and customization options of polymer casings are enabling manufacturers to meet the growing demands for higher-quality packaging solutions across various sectors.
- Growth in Plant-Based and Meat Alternatives: A significant future trend in the polymer casings market is the rise of plant-based and alternative protein products. With the growing consumer shift toward healthier, sustainable, and vegetarian diets, the demand for plant-based meats and alternative protein sources is surging. These new products require specialized packaging solutions, including polymer casings that maintain freshness, texture, and shelf life. As the plant-based food market expands, manufacturers of polymer casings will need to develop innovative solutions tailored to these products, which will drive market growth.
- Integration of Smart Packaging Features: The integration of smart technologies in packaging is another emerging trend. Polymer casings are being developed with embedded sensors or RFID tags that allow for real-time tracking of product freshness, temperature, and storage conditions. This smart packaging trend is gaining traction in food, pharmaceuticals, and medical packaging, where maintaining product integrity is critical. The ability to monitor the condition of the product throughout its supply chain will enhance the efficiency of logistics and ensure better quality control, offering significant advantages to both manufacturers and consumers. As demand for smart packaging solutions grows, polymer casings with these capabilities are expected to become more prevalent.
- Focus on Lightweight and Multi-functional Casings: Another important trend is the development of lightweight, multi-functional polymer casings that provide enhanced protective qualities while reducing material usage. The emphasis on reducing packaging weight is particularly relevant in sectors like food, logistics, and pharmaceuticals, where packaging costs and sustainability are key considerations. Multi-functional polymer casings are being developed to offer a combination of features such as moisture resistance, UV protection, and antimicrobial properties. These advancements in polymer technology will improve the performance of casings and make them more versatile, supporting a wide range of applications.
- Expansion of E-commerce and Direct-to-Consumer Delivery: The rapid growth of e-commerce and online food delivery services presents a significant opportunity for the polymer casings market. As online shopping for groceries, processed foods, and other products continues to expand, the demand for packaging solutions that ensure product protection, freshness, and safety during transportation is increasing. Polymer casings are well-suited for e-commerce and direct-to-consumer delivery models, offering the durability and flexibility needed for packaging items such as sausages, snacks, and ready-to-eat meals. Manufacturers can seize this opportunity by developing packaging solutions that cater to the unique needs of e-commerce and online grocery retailers.
- Increasing Demand in the Pharmaceutical and Medical Industries: The pharmaceutical and medical industries represent a growing opportunity for polymer casings, particularly in packaging drug products, medical devices, and diagnostic kits. Polymer casings offer excellent barrier properties, which help preserve the stability and potency of medications and other sensitive products. With the increasing global demand for vaccines, medical devices, and over-the-counter drugs, there is a rising need for high-quality, protective packaging. Additionally, the ongoing trend of personalized medicine and home healthcare services is expected to drive further demand for advanced polymer casings that meet strict regulatory and safety standards.
- Innovative Developments in Biodegradable Casings: The development of biodegradable and compostable polymer casings presents a significant opportunity for market growth. As consumers and governments push for more sustainable practices, the demand for eco-friendly alternatives to traditional plastic casings is increasing. Biodegradable polymer casings, made from plant-based or renewable materials, offer a promising solution to reduce plastic waste and improve environmental sustainability. This innovation can create new market segments, especially among environmentally conscious consumers and businesses looking to comply with regulations regarding waste reduction and recycling. Manufacturers that invest in biodegradable polymer casings will be well-positioned to capitalize on this growing demand.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polymer Casings 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 Polymer Casings 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
Growing customization is an emerging trend in the market.
The food grade type segment accounted for the largest market share in 2023.
The North America market is expected to account for the highest CAGR during the forecast period owing to the growing automotive industry in the region.
Growing demand for automotive industry is a key driver
Devro PLC, Viscofan Group, ACES Pros in Plastics BV, Kureha Group, EnGro Corporation Limited, Kalle GmbH, The BWM Company, Atlantis-Pak Co. Ltd, Viskase Companies Inc, and DAT-Schaub Group are some of the key players in the market.
The Polymer Casings 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
1.3.1 Polymer Casings Market - By Type
1.3.2 Polymer Casings Market - By Material Type
1.3.3 Polymer Casings Market - By End-User Industry
1.3.4 Polymer Casings Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYMER CASINGS 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. POLYMER CASINGS 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. POLYMER CASINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYMER CASINGS - GLOBAL MARKET OVERVIEW
6.2. POLYMER CASINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYMER CASINGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FOOD GRADE CASING
7.3.1. Overview
7.3.2. Food Grade Casing Market Forecast and Analysis
7.4. NON-FOOD GRADE CASING
7.4.1. Overview
7.4.2. Non-Food Grade Casing Market Forecast and Analysis
8. POLYMER CASINGS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
8.1. OVERVIEW
8.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. CELLULOSE FIBER
8.3.1. Overview
8.3.2. Cellulose Fiber Market Forecast and Analysis
8.4. POLYAMIDES (PA)
8.4.1. Overview
8.4.2. Polyamides (PA) Market Forecast and Analysis
8.5. POLYVINYL CHLORIDE (PVC)
8.5.1. Overview
8.5.2. Polyvinyl Chloride (PVC) Market Forecast and Analysis
8.6. POLYVINYLIDENE CHLORIDE (PVDC)
8.6.1. Overview
8.6.2. Polyvinylidene Chloride (PVDC) Market Forecast and Analysis
8.7. POLYETHYLENE (PE)
8.7.1. Overview
8.7.2. Polyethylene (PE) Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. POLYMER CASINGS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
9.1. OVERVIEW
9.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. FOOD AND BEVERAGES
9.3.1. Overview
9.3.2. Food and Beverages Market Forecast and Analysis
9.4. AMMUNITION
9.4.1. Overview
9.4.2. Ammunition Market Forecast and Analysis
9.5. BUILDING AND CONSTRUCTION
9.5.1. Overview
9.5.2. Building and Construction Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. POLYMER CASINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Polymer Casings Market Overview
10.1.2 North America Polymer Casings Market Forecasts and Analysis
10.1.3 North America Polymer Casings Market Forecasts and Analysis - By Type
10.1.4 North America Polymer Casings Market Forecasts and Analysis - By Material Type
10.1.5 North America Polymer Casings Market Forecasts and Analysis - By End-User Industry
10.1.6 North America Polymer Casings Market Forecasts and Analysis - By Countries
10.1.6.1 United States Polymer Casings Market
10.1.6.1.1 United States Polymer Casings Market by Type
10.1.6.1.2 United States Polymer Casings Market by Material Type
10.1.6.1.3 United States Polymer Casings Market by End-User Industry
10.1.6.2 Canada Polymer Casings Market
10.1.6.2.1 Canada Polymer Casings Market by Type
10.1.6.2.2 Canada Polymer Casings Market by Material Type
10.1.6.2.3 Canada Polymer Casings Market by End-User Industry
10.1.6.3 Mexico Polymer Casings Market
10.1.6.3.1 Mexico Polymer Casings Market by Type
10.1.6.3.2 Mexico Polymer Casings Market by Material Type
10.1.6.3.3 Mexico Polymer Casings Market by End-User Industry
10.2. EUROPE
10.2.1 Europe Polymer Casings Market Overview
10.2.2 Europe Polymer Casings Market Forecasts and Analysis
10.2.3 Europe Polymer Casings Market Forecasts and Analysis - By Type
10.2.4 Europe Polymer Casings Market Forecasts and Analysis - By Material Type
10.2.5 Europe Polymer Casings Market Forecasts and Analysis - By End-User Industry
10.2.6 Europe Polymer Casings Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Polymer Casings Market
10.2.6.1.1 Germany Polymer Casings Market by Type
10.2.6.1.2 Germany Polymer Casings Market by Material Type
10.2.6.1.3 Germany Polymer Casings Market by End-User Industry
10.2.6.2 France Polymer Casings Market
10.2.6.2.1 France Polymer Casings Market by Type
10.2.6.2.2 France Polymer Casings Market by Material Type
10.2.6.2.3 France Polymer Casings Market by End-User Industry
10.2.6.3 Italy Polymer Casings Market
10.2.6.3.1 Italy Polymer Casings Market by Type
10.2.6.3.2 Italy Polymer Casings Market by Material Type
10.2.6.3.3 Italy Polymer Casings Market by End-User Industry
10.2.6.4 United Kingdom Polymer Casings Market
10.2.6.4.1 United Kingdom Polymer Casings Market by Type
10.2.6.4.2 United Kingdom Polymer Casings Market by Material Type
10.2.6.4.3 United Kingdom Polymer Casings Market by End-User Industry
10.2.6.5 Russia Polymer Casings Market
10.2.6.5.1 Russia Polymer Casings Market by Type
10.2.6.5.2 Russia Polymer Casings Market by Material Type
10.2.6.5.3 Russia Polymer Casings Market by End-User Industry
10.2.6.6 Rest of Europe Polymer Casings Market
10.2.6.6.1 Rest of Europe Polymer Casings Market by Type
10.2.6.6.2 Rest of Europe Polymer Casings Market by Material Type
10.2.6.6.3 Rest of Europe Polymer Casings Market by End-User Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Polymer Casings Market Overview
10.3.2 Asia-Pacific Polymer Casings Market Forecasts and Analysis
10.3.3 Asia-Pacific Polymer Casings Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Polymer Casings Market Forecasts and Analysis - By Material Type
10.3.5 Asia-Pacific Polymer Casings Market Forecasts and Analysis - By End-User Industry
10.3.6 Asia-Pacific Polymer Casings Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Polymer Casings Market
10.3.6.1.1 Australia Polymer Casings Market by Type
10.3.6.1.2 Australia Polymer Casings Market by Material Type
10.3.6.1.3 Australia Polymer Casings Market by End-User Industry
10.3.6.2 China Polymer Casings Market
10.3.6.2.1 China Polymer Casings Market by Type
10.3.6.2.2 China Polymer Casings Market by Material Type
10.3.6.2.3 China Polymer Casings Market by End-User Industry
10.3.6.3 India Polymer Casings Market
10.3.6.3.1 India Polymer Casings Market by Type
10.3.6.3.2 India Polymer Casings Market by Material Type
10.3.6.3.3 India Polymer Casings Market by End-User Industry
10.3.6.4 Japan Polymer Casings Market
10.3.6.4.1 Japan Polymer Casings Market by Type
10.3.6.4.2 Japan Polymer Casings Market by Material Type
10.3.6.4.3 Japan Polymer Casings Market by End-User Industry
10.3.6.5 South Korea Polymer Casings Market
10.3.6.5.1 South Korea Polymer Casings Market by Type
10.3.6.5.2 South Korea Polymer Casings Market by Material Type
10.3.6.5.3 South Korea Polymer Casings Market by End-User Industry
10.3.6.6 Rest of Asia-Pacific Polymer Casings Market
10.3.6.6.1 Rest of Asia-Pacific Polymer Casings Market by Type
10.3.6.6.2 Rest of Asia-Pacific Polymer Casings Market by Material Type
10.3.6.6.3 Rest of Asia-Pacific Polymer Casings Market by End-User Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Polymer Casings Market Overview
10.4.2 Middle East and Africa Polymer Casings Market Forecasts and Analysis
10.4.3 Middle East and Africa Polymer Casings Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Polymer Casings Market Forecasts and Analysis - By Material Type
10.4.5 Middle East and Africa Polymer Casings Market Forecasts and Analysis - By End-User Industry
10.4.6 Middle East and Africa Polymer Casings Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Polymer Casings Market
10.4.6.1.1 South Africa Polymer Casings Market by Type
10.4.6.1.2 South Africa Polymer Casings Market by Material Type
10.4.6.1.3 South Africa Polymer Casings Market by End-User Industry
10.4.6.2 Saudi Arabia Polymer Casings Market
10.4.6.2.1 Saudi Arabia Polymer Casings Market by Type
10.4.6.2.2 Saudi Arabia Polymer Casings Market by Material Type
10.4.6.2.3 Saudi Arabia Polymer Casings Market by End-User Industry
10.4.6.3 U.A.E Polymer Casings Market
10.4.6.3.1 U.A.E Polymer Casings Market by Type
10.4.6.3.2 U.A.E Polymer Casings Market by Material Type
10.4.6.3.3 U.A.E Polymer Casings Market by End-User Industry
10.4.6.4 Rest of Middle East and Africa Polymer Casings Market
10.4.6.4.1 Rest of Middle East and Africa Polymer Casings Market by Type
10.4.6.4.2 Rest of Middle East and Africa Polymer Casings Market by Material Type
10.4.6.4.3 Rest of Middle East and Africa Polymer Casings Market by End-User Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Polymer Casings Market Overview
10.5.2 South and Central America Polymer Casings Market Forecasts and Analysis
10.5.3 South and Central America Polymer Casings Market Forecasts and Analysis - By Type
10.5.4 South and Central America Polymer Casings Market Forecasts and Analysis - By Material Type
10.5.5 South and Central America Polymer Casings Market Forecasts and Analysis - By End-User Industry
10.5.6 South and Central America Polymer Casings Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Polymer Casings Market
10.5.6.1.1 Brazil Polymer Casings Market by Type
10.5.6.1.2 Brazil Polymer Casings Market by Material Type
10.5.6.1.3 Brazil Polymer Casings Market by End-User Industry
10.5.6.2 Argentina Polymer Casings Market
10.5.6.2.1 Argentina Polymer Casings Market by Type
10.5.6.2.2 Argentina Polymer Casings Market by Material Type
10.5.6.2.3 Argentina Polymer Casings Market by End-User Industry
10.5.6.3 Rest of South and Central America Polymer Casings Market
10.5.6.3.1 Rest of South and Central America Polymer Casings Market by Type
10.5.6.3.2 Rest of South and Central America Polymer Casings Market by Material Type
10.5.6.3.3 Rest of South and Central America Polymer Casings Market by End-User Industry
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. POLYMER CASINGS MARKET, KEY COMPANY PROFILES
12.1. DEVRO PLC
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. VISCOFAN GROUP
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. ACES PROS IN PLASTICS BV
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. KUREHA 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. ENGRO CORPORATION LIMITED
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. KALLE 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. THE BWM COMPANY
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. ATLANTIS-PAK CO. LTD.
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. VISKASE COMPANIES INC.
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. DAT-SCHAUB GROUP
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. Devro PLC
2. Viscofan Group
3. ACES Pros in Plastics BV
4. Kureha Group
5. EnGro Corporation Limited
6. Kalle GmbH
7. The BWM Company
8. Atlantis-Pak Co. Ltd.
9. Viskase Companies Inc.
10. DAT-Schaub Group
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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