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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Bioplastics are derived from renewable sources such as sugarcane, corn, cellulose, and other grains. They are environmental friendly and are gaining huge demand from various industries. Bioplastic is widely used across food packaging, disposables, containers, pouches, shopping bags, etc. application.

The global bioplastics market is projected to surpass US$ 215 billion by the end of 2027, in terms of revenue, growing at CAGR of 25.8% during the forecast period (2020 to 2027).

Drivers

Increasing initiatives for reducing global warming by the government is projected to foster the market growth of the bioplastic. Growing need for reducing reliance on fossil fuels coupled with the easy availability of bio-based raw materials is also expected to propel the market growth of the bioplastic. Moreover, shifting preferences towards non-petroleum-based plastics is again creating demand for plastic over the forecast period.

Growing demand for green products, healthier lifestyle and environmental sustainability is projected to propel the market growth of the bioplastic. Increasing demand for organic-based material for packaging of food products is also driving demand for bioplastic. Moreover, consumers are willing to pay extra for eco-friendly packaging products in order to reduce the environmental impact. Thus, growing demand for the green product is expected to foster the market growth of bioplastic. 

Regionally, Asia-pacific dominated the global bioplastics market in 2019, reporting 42% market share in terms of revenue, followed by North America and Europe, respectively.

Figure 1. Global Bioplastics Market, Revenue Share (%), By Region, 2019

Bioplastics  | Coherent Market Insights

Market Restraints

The premium price of bioplastic due to high production cost is affecting the demand for bioplastic. Also, the limited performance of bioplastic is also expected to hinder the market growth over the forecast period.

Lack of awareness regarding the bioplastic among consumers of the developing region is expected to hamper the demand. This is expected to curb the market growth of the bioplastic over the forecast period.

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Bioplastics Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 35 Bn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 25.8% 2027 Value Projection: US$ 215 Bn
Geographies covered:
  • North America: U.S., Canada
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Rest of the World
Segments covered:
  • By Application: Bottles, Other Packaging, Automotive, Consumer Products, Food Services, Agriculture, Others
  • By Product Type: Bio-PET, Bio-PE, PLA and PLA Blends, Biodegradable, Polyester, Starch Blends, Bio-PA, PHA, Others
Companies covered:

BASF SE, Braskem S.A., Koninklijke DSM N.V., Arkema S.A., Innovia Films, Ltd., Metabolix, Inc., NatureWorks, LLC,Novamont S.p.A., The Dow Chemical Company, and Total Corbion PLA

Growth Drivers:
  • Growing need for reducing reliance on fossil fuels
  • Easy availability of bio-based raw materials
  • Rising demand for green products, healthier lifestyle and environmental sustainability
Restraints & Challenges:
  • Lack of awareness regarding the bioplastic among consumers

Market Opportunities

Increasing investment in the bioplastic for boosting production is expected to provide lucrative opportunities to the market. For instance, in January 2020, Stora Enso announced that it is investing US$ 10 million to build an experimental plant for enabling the production of bio-based plastics as a barrier in transparent packaging. The new plant will transform plant-based sugars into the renewable building block that is essential to make PEF, a biobased plastic, mainly targeting the food and beverage market.

Increasing ban on single-use plastic especially across Europe and North America is projected to serve major growth opportunities in the near future. For instance, in March 2019, the European Council has approved a law to ban single-use plastic by 2021. The ‘Single-Use Plastics Directive’ puts in place more responsibility for plastic producers and new recycling targets for EU member States. The law also requires plastic bottles to contain at least 30% recycled content by 2030 and 25% recycled content by 2025.

Figure 2. Global Bioplastics Market – Opportunity Analysis

Bioplastics  | Coherent Market Insights

Market Trends

Growing fashion trends among consumers are creating demand for highly fashionable apparel such as clothes and shoes. Nowadays bioplastic such as polyamide and polylactic acid is majorly used in the production of textile products such as clothes and shoes. Moreover, bioplastics are also used in the production of wall mountings, containers, and sculptures which is again expected to augment the market growth of bioplastic.

Partnership and agreements among manufacturers for expanding business presence on a global level is a key trend in the market. For instance, in May 2020, Neste and Covestro entered into strategic cooperation in Europe to promote the use of sustainable raw materials in plastics production. In this partnership, Covestro will be supplied with material from renewable sources for the production of polycarbonates from Neste’s renewable hydrocarbons.

Figure 3. Global Bioplastics Market, Revenue Share (%), By Application, in 2019

Bioplastics  | Coherent Market Insights

On the basis of application, bottles the global bioplastics market in 2019 with around 44% of market share in terms of revenue, followed by packaging and automotive, respectively.

Global Bioplastics Market - Impact of Coronavirus (Covid-19) Pandemic

The bioplastics market is facing a likelihood of a deep hindrance caused by the effect of lockdowns across the globe to slow the spread of Covid-19 pandemic. The demand for bioplastics has declined various end-use industries such as construction, paints & coatings, automotive industries, construction, and electronics. This is expected to hamper the growth of bioplastics market in next few years till end of the 2021.

Competitive Section

Key players are operating in the global pigments market are BASF SE, Braskem S.A., Koninklijke DSM N.V., Arkema S.A., Innovia Films, Ltd., Metabolix, Inc., NatureWorks, LLC, Novamont S.p.A., The Dow Chemical Company, and Total Corbion PLA

Few Recent Developments

  • In February 2020, BASF and Fabbri Group have partnered to develop a new cling film for fresh food packaging. As part of the partnership, Fabbri Group has developed the stretch film Nature Fresh using certified compostable and biobased bioplastic BASF’s ecovio.

Bioplastics are type of plastics which are derived from crops like corn, cellulose and sugarcane. High availability of favorable government policies and renewable feedstock which enabled manufacturers to adopt bio-based plastics. Surge in adoption of recyclable products and improvement in scope of bioplastics across end-user industries drive the growth of the bioplastics market.

Market Dynamics

The global bioplastics market has witnessed significant growth in recent past years, owing to the rising wide spread awareness among consumers regarding environmental safety and benefits of bioplastics are the key factors propelling growth in bioplastics market. Moreover, initiatives of regulatory bodies recommending adoptions of eco-friendly alternatives by the manufacturers, will further boost growth of the bioplastics market during the forecast period. This is expected to propel the growth of the bioplastics market in this region.

Major players in the global bioplastics market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries such as food & beverages, packaging, automotive, consumer goods, agriculture and others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global bioplastics market size (US$ Billion and Thousand tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global bioplastics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes BASF SE, Braskem S.A., Koninklijke DSM N.V., Arkema S.A., Innovia Films, Ltd., Metabolix, Inc., NatureWorks, LLC,Novamont S.p.A., znd The Dow Chemical Company
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
  • The global bioplastics market report caters to various stakeholders in this industry including investors, suppliers, global bioplastics manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bioplastics market

Detailed Segmentation:

  • Global Bioplastics Market, By Product Type:
    • Bio-PET
    • Bio-PE
    • PLA and PLA Blends
    • Biodegradable Polyester
    • Starch Blends
    • Bio-PA
    • PHA
    • Others
  • Global Bioplastics Market, By Application:
    • Bottles
    • Other Packaging
    • Automotive
    • Consumer Goods
    • Food
    • Agriculture
    • Others
  • Global Bioplastics Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Canada
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Mexico
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Rest of Latin America
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
    • Europe
      • EU 5
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Benelux
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Nordic
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Rest of Europe
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Japan
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • India
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Australia & New Zealand
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Rest of Asia Pacific
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
    • Middle East & Africa
      • GCC
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • South Africa
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Other Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
      • Rest of Middle East & Africa
        • By Product Type
          • Bio-PET
          • Bio-PE
          • PLA and PLA Blends
          • Biodegradable Polyester
          • Starch Blends
          • Bio-PA
          • PHA
          • Others
        • By Application
          • Bottles
          • Packaging
          • Automotive
          • Consumer Goods
          • Food
          • Agriculture
          • Others
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Braskem S.A.
    • Koninklijke DSM N.V.
    • Arkema S.A.
    • Innovia Films, Ltd.
    • Metabolix, Inc.
    • NatureWorks, LLC
    • Novamont S.p.A.
    • The Dow Chemical Company

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Bioplastics Market, By Application, 2017 - 2027 (US$ Billion and Thousand Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis,  
      • Segment Trends
    • Bottles
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Automotive
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Consumer Goods
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Food
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Agriculture
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  5. Global Bioplastics Market, By Product Type, 2017 - 2027 (US$ Billion and Thousand Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Bio-PET
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Bio-PE
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • PLA and PLA Blends
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Biodegradable Polyester
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Starch Blends
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Bio-PA
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • PHA
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Bioplastics Market, By Region, 2017- 2027 (US$ Billion and Thousand Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
        • Rest of Asia-pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
    • Rest of the World
      • Market Share Analysis, By Country/Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/Sub-region, 2020 - 2027
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Thousand Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion and Thousand Tons)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Braskem S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Koninklijke DSM N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Arkema S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Innovia Films, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Metabolix, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • NatureWorks, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Novamont S.p.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Dow Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Bioplastics Market” – global forecast to 2020.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users