Food Packaging Equipment Market
Food Packaging Equipment Market Forecasts to 2028 - Global Analysis By Equipment (Wrapping & Bundling, Filling & Dosing, Bottling Line and Other Equipments), Technology (Cereal & Grain, Candy & Confectionery, Meat, Poultry & Seafood and Other Applications) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $20.52 BN |
|
Projected Year Value (2028) |
US $28.46 BN |
|
CAGR (2022 - 2028) |
5.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Food Packaging Equipment Market is accounted for $20.52 billion in 2022 and is expected to reach $28.46 billion by 2028 growing at a CAGR of 5.6% during the forecast period. Food packaging equipment is an important component of the worldwide food business. Food packaging is essential in order to appropriately distribute products to customers. Food packaging machinery performs several functions in the food packaging industry, including wrapping, sealing, coding, and filling. Food packaging guarantees product stability throughout the supply chain. Efficient food packaging can endure a wide temperature range. The packaging styles differ depending on the product's quality and shelf life. The most prevalent food packaging applications include bakery, confectionery, dairy items, poultry, meat and fish, fruits and vegetables, convenience meals, and others.
According to the National Investment Promotion & Facilitation Agency of India, the country’s processed food industry is expected to reach around USD 543.0 billion by the end of 2020, providing ample opportunities to the players operating in the market of Food Packaging Equipment.
Market Dynamics:
Driver:
The growing awareness about the consumption of healthy foods
Globally expanding food processing industries are driving market expansion. Furthermore, rising health consciousness, increased consumption of healthy foods, and improved hygiene standards are boosting market growth. Furthermore, with an increase in demand for fresh and high-quality food, convenient packaging features such as micro-perforation, easy opening, resealable, portability, lightweight, and easy handling are gaining popularity in the market growth. Furthermore, market growth is being driven by a rapidly changing competitive environment as well as continuous technological developments.
Restraint:
Improper disposing of packaging material adversely affects the environment
Plastic foils and wrappers, metal, cardboard, and other packaging materials are heavy compound materials that are difficult to breakdown. This causes soil degradation and a variety of other environmental problems. Governments throughout the world are launching a number of programmes to address packaging waste and recycling challenges. The European Union, for example, enacted the Packaging and Packaging Waste Directive 94/62/EC (a.27) in order to reduce the environmental impact of packaging and packaging waste. The government has also limited the use of recycled materials for packaging since it may release harmful compounds into food products.
Opportunity:
Adoption of effective & advanced packaging techniques
The growing shelf life of food and the adoption of effective and advanced packaging techniques are the driving factors of market growth. The expansions of packaged food initiatives in emerging nations, as well as the rising use of packaging as a product differentiation factor, are expected to offer market opportunities. Furthermore, the food packaging equipment industry focuses on improving the convenience, shelf life, and marketing capacities that manufacturers can incorporate into their food products as a result of increased demand for ready-to-eat food products, which will increase the adoption rate for innovative and modern packaging technologies and equipment, thereby driving market growth.
Threat:
High cost of progressive food packaging solutions
The problems associated with recycling multilayer films, as well as a lack of professional training and employees, are stifling industry expansion. Furthermore, the increasing number of counterfeit packaging occurrences and assuring the correct gas mixture in controlled environment packaging are impeding market growth. Furthermore, the high initial investment for food packaging equipment, as well as the growing number of stringent regulations, will hinder market growth during the forecast period.
Covid-19 Impact
The outbreak of the COVID-19 pandemic caused panic buying among customers, increasing demand for essential commodities such as food supplies. The rising consumption of food goods drastically reduced the supply of grocery items in retail outlets. In addition, disrupted supply chains, labour shortages, and rising demand for large quantities of raw materials generated additional issues for the food business. However, the situation gradually improved in 2021. Furthermore, food packaging equipment manufacturers and food processing facilities began to focus on automating packaging processes.
The form, fill & seal segment is expected to be the largest during the forecast period
The form, fill & seal segment is estimated to have a lucrative growth. Form fill and seal machines are simple to use and economical to operate. However, operation and changeover require technical expertise. Some machines perform these activities horizontally (horizontal form fill seal, or HFFS), while others perform them vertically (vertical form fill seal, or VFFS). Vertical form fill seal machines have various advantages over horizontal machines, including lower costs and less floor space.
The meat, poultry, and seafood segment is expected to have the highest CAGR during the forecast period
The meat, poultry, and seafood segment is anticipated to witness the highest CAGR growth during the forecast period, because of an increase in demand for processed meat products, an increase in urbanisation and disposable income, and customer preferences for protein-rich food products and convenience foods. Heat-shrinking packaging is often used to extend the shelf life of meat products. The constantly increasing meat and poultry industries around the world will help enterprises in the food packaging equipment market earn a lot of money.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period. The primary driver for the market is the rapid development in foreign direct investments by food packaging firms to extend their product portfolio across the area. Rising family disposable income, combined with a growing middle-class population in various countries, like China and India, would provide additional support to the market, propelling market growth. The rapidly expanding food packaging industry in India is likely to drive regional market growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, due to the growing investment in the R&D of food processing equipment and technology. Furthermore, consumers' increased reliance on packaged food products, as well as the growing popularity of plant-based dairy products, are helping to drive market growth in this region. Furthermore, rising demand for ready-to-eat and convenience foods in the United States is expected to drive demand for packaged foods over the forecasted timeline.
Key players in the market
Some of the key players profiled in the Food Packaging Equipment Market include Lindquist Machine Corporation, IMA Group, Nichrome India Ltd., Coesia Group, Bosch Packaging Technology, Tetra Laval International S.A., Ishida, Kaufman Engineered System AMF Bakery Systems, MULTIVAC, Robert Bosch Packaging Technology GmbH, ARPAC LLC., Omori Machinery Co. Ltd and The Adelphi Group of Companies.
Key Developments:
In August 2019, MULTIVAC Group presented a new generation cross-web labeler with lower life cycle costs. This machine is equipped with IO-link and EtherCAT, a sensor system for labeling inspection and predictive maintenance of food products.
In September 2017, IMA announced the merger of its fully owned subsidiary at Zola Predosa (Bologna), which is a specialist in designing and producing automatic machines for food packaging. It can be used for the packaging of confectionery, capping of coffee, and in assembly solutions.
Equipments Covered:
• Wrapping & Bundling
• Filling & Dosing
• Bottling Line
• Palletizing
• Case Handling
• Labelling, Decorating, & Coding
• Cartoning
• Form, Fill & Seal
• Closing
• Other Equipments
Applications Covered:
• Cereal & Grain
• Candy & Confectionery
• Meat, Poultry & Seafood
• Frozen Food
• Dairy
• Perishable
• Bakery & Snack
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Food Packaging Equipment Market, By Equipment
5.1 Introduction
5.2 Wrapping & Bundling
5.3 Filling & Dosing
5.4 Bottling Line
5.5 Palletizing
5.6 Case Handling
5.7 Labelling, Decorating, & Coding
5.8 Cartoning
5.9 Form, Fill & Seal
5.10 Closing
5.11 Other Equipments
6 Global Food Packaging Equipment Market, By Application
6.1 Introduction
6.2 Cereal & Grain
6.3 Candy & Confectionery
6.4 Meat, Poultry & Seafood
6.5 Frozen Food
6.6 Dairy
6.7 Perishable
6.8 Bakery & Snack
7 Global Food Packaging Equipment Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Lindquist Machine Corporation
9.2 IMA Group
9.3 Nichrome India Ltd.
9.4 Coesia Group
9.5 Bosch Packaging Technology
9.6 Tetra Laval International S.A.
9.7 Ishida
9.8 Kaufman Engineered System
9.9 AMF Bakery Systems
9.10 MULTIVAC
9.11 Robert Bosch Packaging Technology GmbH
9.12 ARPAC LLC.
9.13 Omori Machinery Co. Ltd
9.14 The Adelphi Group of Companies
List of Tables
1 Global Food Packaging Equipment Market Outlook, By Region (2020-2028) ($MN)
2 Global Food Packaging Equipment Market Outlook, By Equipment (2020-2028) ($MN)
3 Global Food Packaging Equipment Market Outlook, By Wrapping & Bundling (2020-2028) ($MN)
4 Global Food Packaging Equipment Market Outlook, By Filling & Dosing (2020-2028) ($MN)
5 Global Food Packaging Equipment Market Outlook, By Bottling Line (2020-2028) ($MN)
6 Global Food Packaging Equipment Market Outlook, By Palletizing (2020-2028) ($MN)
7 Global Food Packaging Equipment Market Outlook, By Case Handling (2020-2028) ($MN)
8 Global Food Packaging Equipment Market Outlook, By Labelling, Decorating, & Coding (2020-2028) ($MN)
9 Global Food Packaging Equipment Market Outlook, By Cartoning (2020-2028) ($MN)
10 Global Food Packaging Equipment Market Outlook, By Form, Fill & Seal (2020-2028) ($MN)
11 Global Food Packaging Equipment Market Outlook, By Closing (2020-2028) ($MN)
12 Global Food Packaging Equipment Market Outlook, By Other Equipments (2020-2028) ($MN)
13 Global Food Packaging Equipment Market Outlook, By Application (2020-2028) ($MN)
14 Global Food Packaging Equipment Market Outlook, By Cereal & Grain (2020-2028) ($MN)
15 Global Food Packaging Equipment Market Outlook, By Candy & Confectionery (2020-2028) ($MN)
16 Global Food Packaging Equipment Market Outlook, By Meat, Poultry & Seafood (2020-2028) ($MN)
17 Global Food Packaging Equipment Market Outlook, By Frozen Food (2020-2028) ($MN)
18 Global Food Packaging Equipment Market Outlook, By Dairy (2020-2028) ($MN)
19 Global Food Packaging Equipment Market Outlook, By Perishable (2020-2028) ($MN)
20 Global Food Packaging Equipment Market Outlook, By Bakery & Snack (2020-2028) ($MN)
21 North America Food Packaging Equipment Market Outlook, By Country (2020-2028) ($MN)
22 North America Food Packaging Equipment Market Outlook, By Equipment (2020-2028) ($MN)
23 North America Food Packaging Equipment Market Outlook, By Wrapping & Bundling (2020-2028) ($MN)
24 North America Food Packaging Equipment Market Outlook, By Filling & Dosing (2020-2028) ($MN)
25 North America Food Packaging Equipment Market Outlook, By Bottling Line (2020-2028) ($MN)
26 North America Food Packaging Equipment Market Outlook, By Palletizing (2020-2028) ($MN)
27 North America Food Packaging Equipment Market Outlook, By Case Handling (2020-2028) ($MN)
28 North America Food Packaging Equipment Market Outlook, By Labelling, Decorating, & Coding (2020-2028) ($MN)
29 North America Food Packaging Equipment Market Outlook, By Cartoning (2020-2028) ($MN)
30 North America Food Packaging Equipment Market Outlook, By Form, Fill & Seal (2020-2028) ($MN)
31 North America Food Packaging Equipment Market Outlook, By Closing (2020-2028) ($MN)
32 North America Food Packaging Equipment Market Outlook, By Other Equipments (2020-2028) ($MN)
33 North America Food Packaging Equipment Market Outlook, By Application (2020-2028) ($MN)
34 North America Food Packaging Equipment Market Outlook, By Cereal & Grain (2020-2028) ($MN)
35 North America Food Packaging Equipment Market Outlook, By Candy & Confectionery (2020-2028) ($MN)
36 North America Food Packaging Equipment Market Outlook, By Meat, Poultry & Seafood (2020-2028) ($MN)
37 North America Food Packaging Equipment Market Outlook, By Frozen Food (2020-2028) ($MN)
38 North America Food Packaging Equipment Market Outlook, By Dairy (2020-2028) ($MN)
39 North America Food Packaging Equipment Market Outlook, By Perishable (2020-2028) ($MN)
40 North America Food Packaging Equipment Market Outlook, By Bakery & Snack (2020-2028) ($MN)
41 Europe Food Packaging Equipment Market Outlook, By Country (2020-2028) ($MN)
42 Europe Food Packaging Equipment Market Outlook, By Equipment (2020-2028) ($MN)
43 Europe Food Packaging Equipment Market Outlook, By Wrapping & Bundling (2020-2028) ($MN)
44 Europe Food Packaging Equipment Market Outlook, By Filling & Dosing (2020-2028) ($MN)
45 Europe Food Packaging Equipment Market Outlook, By Bottling Line (2020-2028) ($MN)
46 Europe Food Packaging Equipment Market Outlook, By Palletizing (2020-2028) ($MN)
47 Europe Food Packaging Equipment Market Outlook, By Case Handling (2020-2028) ($MN)
48 Europe Food Packaging Equipment Market Outlook, By Labelling, Decorating, & Coding (2020-2028) ($MN)
49 Europe Food Packaging Equipment Market Outlook, By Cartoning (2020-2028) ($MN)
50 Europe Food Packaging Equipment Market Outlook, By Form, Fill & Seal (2020-2028) ($MN)
51 Europe Food Packaging Equipment Market Outlook, By Closing (2020-2028) ($MN)
52 Europe Food Packaging Equipment Market Outlook, By Other Equipments (2020-2028) ($MN)
53 Europe Food Packaging Equipment Market Outlook, By Application (2020-2028) ($MN)
54 Europe Food Packaging Equipment Market Outlook, By Cereal & Grain (2020-2028) ($MN)
55 Europe Food Packaging Equipment Market Outlook, By Candy & Confectionery (2020-2028) ($MN)
56 Europe Food Packaging Equipment Market Outlook, By Meat, Poultry & Seafood (2020-2028) ($MN)
57 Europe Food Packaging Equipment Market Outlook, By Frozen Food (2020-2028) ($MN)
58 Europe Food Packaging Equipment Market Outlook, By Dairy (2020-2028) ($MN)
59 Europe Food Packaging Equipment Market Outlook, By Perishable (2020-2028) ($MN)
60 Europe Food Packaging Equipment Market Outlook, By Bakery & Snack (2020-2028) ($MN)
61 Asia Pacific Food Packaging Equipment Market Outlook, By Country (2020-2028) ($MN)
62 Asia Pacific Food Packaging Equipment Market Outlook, By Equipment (2020-2028) ($MN)
63 Asia Pacific Food Packaging Equipment Market Outlook, By Wrapping & Bundling (2020-2028) ($MN)
64 Asia Pacific Food Packaging Equipment Market Outlook, By Filling & Dosing (2020-2028) ($MN)
65 Asia Pacific Food Packaging Equipment Market Outlook, By Bottling Line (2020-2028) ($MN)
66 Asia Pacific Food Packaging Equipment Market Outlook, By Palletizing (2020-2028) ($MN)
67 Asia Pacific Food Packaging Equipment Market Outlook, By Case Handling (2020-2028) ($MN)
68 Asia Pacific Food Packaging Equipment Market Outlook, By Labelling, Decorating, & Coding (2020-2028) ($MN)
69 Asia Pacific Food Packaging Equipment Market Outlook, By Cartoning (2020-2028) ($MN)
70 Asia Pacific Food Packaging Equipment Market Outlook, By Form, Fill & Seal (2020-2028) ($MN)
71 Asia Pacific Food Packaging Equipment Market Outlook, By Closing (2020-2028) ($MN)
72 Asia Pacific Food Packaging Equipment Market Outlook, By Other Equipments (2020-2028) ($MN)
73 Asia Pacific Food Packaging Equipment Market Outlook, By Application (2020-2028) ($MN)
74 Asia Pacific Food Packaging Equipment Market Outlook, By Cereal & Grain (2020-2028) ($MN)
75 Asia Pacific Food Packaging Equipment Market Outlook, By Candy & Confectionery (2020-2028) ($MN)
76 Asia Pacific Food Packaging Equipment Market Outlook, By Meat, Poultry & Seafood (2020-2028) ($MN)
77 Asia Pacific Food Packaging Equipment Market Outlook, By Frozen Food (2020-2028) ($MN)
78 Asia Pacific Food Packaging Equipment Market Outlook, By Dairy (2020-2028) ($MN)
79 Asia Pacific Food Packaging Equipment Market Outlook, By Perishable (2020-2028) ($MN)
80 Asia Pacific Food Packaging Equipment Market Outlook, By Bakery & Snack (2020-2028) ($MN)
81 South America Food Packaging Equipment Market Outlook, By Country (2020-2028) ($MN)
82 South America Food Packaging Equipment Market Outlook, By Equipment (2020-2028) ($MN)
83 South America Food Packaging Equipment Market Outlook, By Wrapping & Bundling (2020-2028) ($MN)
84 South America Food Packaging Equipment Market Outlook, By Filling & Dosing (2020-2028) ($MN)
85 South America Food Packaging Equipment Market Outlook, By Bottling Line (2020-2028) ($MN)
86 South America Food Packaging Equipment Market Outlook, By Palletizing (2020-2028) ($MN)
87 South America Food Packaging Equipment Market Outlook, By Case Handling (2020-2028) ($MN)
88 South America Food Packaging Equipment Market Outlook, By Labelling, Decorating, & Coding (2020-2028) ($MN)
89 South America Food Packaging Equipment Market Outlook, By Cartoning (2020-2028) ($MN)
90 South America Food Packaging Equipment Market Outlook, By Form, Fill & Seal (2020-2028) ($MN)
91 South America Food Packaging Equipment Market Outlook, By Closing (2020-2028) ($MN)
92 South America Food Packaging Equipment Market Outlook, By Other Equipments (2020-2028) ($MN)
93 South America Food Packaging Equipment Market Outlook, By Application (2020-2028) ($MN)
94 South America Food Packaging Equipment Market Outlook, By Cereal & Grain (2020-2028) ($MN)
95 South America Food Packaging Equipment Market Outlook, By Candy & Confectionery (2020-2028) ($MN)
96 South America Food Packaging Equipment Market Outlook, By Meat, Poultry & Seafood (2020-2028) ($MN)
97 South America Food Packaging Equipment Market Outlook, By Frozen Food (2020-2028) ($MN)
98 South America Food Packaging Equipment Market Outlook, By Dairy (2020-2028) ($MN)
99 South America Food Packaging Equipment Market Outlook, By Perishable (2020-2028) ($MN)
100 South America Food Packaging Equipment Market Outlook, By Bakery & Snack (2020-2028) ($MN)
101 Middle East & Africa Food Packaging Equipment Market Outlook, By Country (2020-2028) ($MN)
102 Middle East & Africa Food Packaging Equipment Market Outlook, By Equipment (2020-2028) ($MN)
103 Middle East & Africa Food Packaging Equipment Market Outlook, By Wrapping & Bundling (2020-2028) ($MN)
104 Middle East & Africa Food Packaging Equipment Market Outlook, By Filling & Dosing (2020-2028) ($MN)
105 Middle East & Africa Food Packaging Equipment Market Outlook, By Bottling Line (2020-2028) ($MN)
106 Middle East & Africa Food Packaging Equipment Market Outlook, By Palletizing (2020-2028) ($MN)
107 Middle East & Africa Food Packaging Equipment Market Outlook, By Case Handling (2020-2028) ($MN)
108 Middle East & Africa Food Packaging Equipment Market Outlook, By Labelling, Decorating, & Coding (2020-2028) ($MN)
109 Middle East & Africa Food Packaging Equipment Market Outlook, By Cartoning (2020-2028) ($MN)
110 Middle East & Africa Food Packaging Equipment Market Outlook, By Form, Fill & Seal (2020-2028) ($MN)
111 Middle East & Africa Food Packaging Equipment Market Outlook, By Closing (2020-2028) ($MN)
112 Middle East & Africa Food Packaging Equipment Market Outlook, By Other Equipments (2020-2028) ($MN)
113 Middle East & Africa Food Packaging Equipment Market Outlook, By Application (2020-2028) ($MN)
114 Middle East & Africa Food Packaging Equipment Market Outlook, By Cereal & Grain (2020-2028) ($MN)
115 Middle East & Africa Food Packaging Equipment Market Outlook, By Candy & Confectionery (2020-2028) ($MN)
116 Middle East & Africa Food Packaging Equipment Market Outlook, By Meat, Poultry & Seafood (2020-2028) ($MN)
117 Middle East & Africa Food Packaging Equipment Market Outlook, By Frozen Food (2020-2028) ($MN)
118 Middle East & Africa Food Packaging Equipment Market Outlook, By Dairy (2020-2028) ($MN)
119 Middle East & Africa Food Packaging Equipment Market Outlook, By Perishable (2020-2028) ($MN)
120 Middle East & Africa Food Packaging Equipment Market Outlook, By Bakery & Snack (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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