Global Plastic Packaging Market, By Product Type (Rigid Packaging, Flexible Packaging), End Use Industry (Food & Beverages, Industrial, Household Products, Personal Care, Medical), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
- Report code : CMI17394 |
- Industry :
Packaging
- Published On : May 2017 |
- Pages : 180 Pages |
- Format :
Plastic Packaging – Insights
Plastics are organic compounds with high molecular weight, which consists of a wide range of synthetic organic compounds which can be molded into various shapes, due to malleability. Packaging is a technology, which involves enclosing and protecting various types of products for storage, distribution, sale and use. The increasing demand for healthy, safe and convenience food in the last couple years in Asia Pacific, Europe and North America respectively, has been rapidly driving the global market for plastic packaging. Also, the use of polyethylene terephthalate (PET), as a packing material for food & beverages, pharmaceuticals and household product, due to its strength, versatility and recyclability and hence is projected to boost an excellent sustainability for plastic packaging market during 2017-2025.
Plastic films are the primary raw materials used for manufacture of flexible packaging, which finds wide applications in various end use industry such as food & beverages, cosmetics and healthcare industry, as they offer significant visibility to the product and provide attractive and secure packaging options. Pillow pouch and stand up pouch are the widely used product for flexible packaging market, due to its excellent barrier towards oxygen and moisture coupled with cost effective and low material usage are expected to boost the market for flexible packaging during the forecast period.
The growing disposable income and consumer preferences for packaged goods coupled with retail industry, especially in Asia Pacific and Latin America due to rise in per capita income among the middle class is projected to witness a significant growth during 2017-2025, for instance, India Brand Equity Foundation (IBEF) is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.
The global plastic packaging market size was valued at US$ 300.86 billion (revenue) and 91,520.07 kilo tons (volume) in 2016 and is expected to expand at a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 2017 – 2025.
Figure 1. Global Plastic Packaging Market Share, By Region in 2016, (Revenue)
Source: Coherent Market Insights Analysis (2017)
Market Dynamics
Rigid packaging segment is expected to dominate the plastic packaging market over the forecast period and is expected to expand at a CAGR of over 5.6% in terms of revenue and 5.3% in terms of volume. According to a study conducted by Coherent Market Insights, the industrial end use industry segment in global Plastic Packaging market is projected to reach over US$ 21.45 billion by the end of the calendar year 2017. Plastic packaging drives the cutting edge solutions to innovative packaging solution, which protects fragile goods, low cost and provides easy transportation. High Density Polyethylene (HDPE), is largely used as a plastic packing material, due to its high chemical resistance and tensile strength, is in turn finds wide application in various end use industries, such as chemical and cosmetics industry. Also, the un-pigmented HDPE bottles and containers are translucent and provide better stiffness and best suited for short self-life products, such as milk. However, due to rising consumer preferences for good health and bio based packaging material is projected to be the key challenges for the growth of plastic packaging. Also, the market leading packing industry is continuously investing to develop environment friendly and bio based packaging. For instance---
- June 7, 2016, EEQO in collaboration with Braskem and Avery Dennison, introduced a biobased polyethylene self-adhesive label supports brands in their quest for more sustainable packaging.
Regional Insights
Asia Pacific, followed by Europe and North America, respectively, accounted for major share in the global plastic packaging market both in terms of revenue and volume in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Asia Pacific held a share of 41.8% in terms of volume, followed by Europe (24.3%). The growing demand for rigid packaging product in Asia Pacific due to growing demand for packaged and convenience food coupled with growing population and infrastructure development of retail and hospitality sector is expected to drive growth of the global plastic packaging market over the forecast period. According to a study conducted by Coherent Market Insights, the household product, end use segment market is expected to witness a CAGR of 5.3% from 2017 to 2025 in terms of revenue which in turn is expected to fuel the global plastic packaging market.
Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market trends which are expected to shape the industry in the near future. Major players in the global plastic packaging market include Amcor Ltd., Sealed Air Corporation, Bemis Company, Sonoco Products Company, Mondi Plc., Tray Pack Corporation, Lacerta Group Inc., Bemis Company Inc., Alwin Lehner GmbH & Co. Kg, RPC Group Plc among others.
Plastics are organic compounds with high molecular weight, which consists of a large range of synthetic organic compounds which can be molded into various shapes, due to malleability. Whereas, packaging is a technology, which involves enclosing and protecting various types of products for storage, distribution, sale and use. Plastic packaging materials are prepared from petroleum and its derivatives, which finds wide application areas in various end use industries. Polyethylene terephthalate (PET), is used as the primary feedstock in the manufacture of plastic bottles, which finds large application in food & beverages, pharmaceuticals and cosmetics industry due to its high durability, light weight, low cost and recyclability properties. However, stringent government regulations for petroleum and chemicals industry due to release of large amount of CO2 and greenhouse gases coupled with crude oil price fluctuation are expected to hinder the market for global plastic packaging.
PET are largely used in the manufacturing of various types of packaging due to favorable government regulations, for the use of recycled PET products in food & beverages, since it does not react with any food or beverages and offer large resistance towards microorganisms. Also, recycling of PET will subsequently decrease the amount of waste, which generates from the use of various plastic water bottles and carbonated soft drinks. For instance, in December 1992, U.S. Food and Drug Administration announced, the use of recycled PET bottle are safe from any kind of microbial contamination and reaction with the food or beverages. The growing food & beverages industry across the globe is propelling the market for plastic packaging, due to increasing consumer preference for convenience food in North America and Europe followed by Asia Pacific respectively. According to Coherent Market Insights, the market for plastic packaging is rising at a CAGR of 5.3% in terms of revenue during 2017-2025.
Market Dynamics
Asia Pacific dominated the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for rigid packaging in various end-use industries such as food & beverages, personal care and pharmaceuticals due to low production cost of plastic packaging in China and India over following years is the major driving force to position Asia-Pacific as the largest and fastest-growing region in the global plastic packaging market. Moreover, Latin America market is expected to experience a second highest CAGR of 5.5% in terms of volume, during the forecast period The increasing preference of food & beverages industry towards the use of polyethylene terephthalate due to the considerable cost reductions, light weight, low operational costs, excellent performance and other benefits offered by these products fuels growth of the plastic packaging market.
Market Taxonomy
This report segments the global plastic packaging market on the basis of product types and application. On the basis of product types, the market is segmented as rigid packaging and flexible packaging. On the basis of end use industry, the global plastic packaging market is segmented into food & beverages, industrial, household products, personal care, medical, others. Moreover, rigid packaging is the largest product segment, accounting for over 61.9% share of the global plastic packaging market in 2016, while, flexible packaging is projected to witness a significant growth in the product segment and is expected to grow at a CAGR of 4.7% in terms of volume during the forecasted period.
Key features of the study:
- This report provides in-depth analysis of the global plastic packaging market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2025), considering 2016 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 valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- The report takes into account the various types of plastic packaging involved in manufacturing different types of rigid and flexible packaging, analyzing the market value and growth (%) during the forecast period
- It includes insights on the largest technology used to manufacture different types of Plastic Packaging across the globe
- It profiles leading players in the global plastic packaging 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 include Amcor Ltd., Sealed Air Corporation, Bemis Company, Sonoco Products Company, Mondi Plc., Tray Pack Corporation, Lacerta Group Inc., Bemis Company Inc., Alwin Lehner GmbH & Co. Kg, RPC Group Plc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
- The global plastic packaging market report caters to various stakeholders in this industry, including investors, raw material manufacturer, product manufacturer, end-users, distributors, new entrants, and financial analysts
- Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the plastic packaging market
Detailed Segmentation:
- Global Plastic Packaging Market, By Product Type:
- Rigid Packaging
- Flexible Packaging
- Global Plastic Packaging Market, By End Use Industry:
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Global Plastic Packaging Market, By Geography:
- North America
- US
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Canada
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Europe
- UK
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Germany
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Italy
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- France
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Russia
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Rest of Europe
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Asia-Pacific
- China
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- India
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Japan
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- ASEAN
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Australia
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- South Korea
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Rest of Asia Pacific
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- Latin America
- Brazil
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- Mexico
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- Rest of Latin America
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- Middle East
- GCC
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- Israel
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- GCC
- Africa
- North Africa
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- Central Africa
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- South Africa
- By Product Type
- Rigid Packaging
- Flexible Packaging
- By End Use Industry
- Food & Beverages
- Industrial
- Household Products
- Personal Care
- Medical
- Others
- By Product Type
- North Africa
- Company Profiles
- Amcor Ltd. *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Sealed Air Corporation
- Bemis Company
- Sonoco Products Company
- Mondi Plc.
- Tray Pack Corporation
- Lacerta Group Inc.
- Bemis Company Inc.
- Alwin Lehner GmbH & Co. Kg
- RPC Group Plc
- Amcor Ltd. *
Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Product Type
- Market Snippet By End Use Industry
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trends
- Mergers and Acquisitions
- New Product Approvals/Launches
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
- Global Plastic Packaging Market, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, 2017–2025
- Segment Trends
- Rigid Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Flexible Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Global Plastic Packaging Market, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, 2017–2025
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Household Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Global Plastic Packaging Market, By Regions, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, By Region, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2025
- North America
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Europe
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Asia Pacific
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- India
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Latin America
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Middle East
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- GCC Countries
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Israel
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Africa
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- Northern Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Central Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- South Africa
- Country Trends
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Amcor Ltd.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Sealed Air Corporation
- Bemis Company
- Sonoco Products Company
- Mondi Plc.
- Tray Pack Corporation
- Lacerta Group Inc.
- Bemis Company Inc.
- Alwin Lehner GmbH & Co. Kg
- RPC Group Plc
- Section
- References
- Research Methodology
- About us and Sales Contact
“*” marked represents similar segmentation in other categories in the respective section.
Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.
*Browse 90 market data tables and 40 figures on "Plastic Packaging Market - Global forecast to 2025”.
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.
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.
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
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