Anti-corrosion Bags Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209498
  • Format: Electronic (PDF)
  • Number of Pages: 201
  • Author(s): Joshi, Madhavi

Report Overview

The Anti-corrosion Bags Market size was estimated at USD 850 million in 2023 and is projected to reach USD 1.45 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.30% during the forecast period (2024-2030).

Anti-corrosion Bags Market

(Market Size)
$850 million
$1.45 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.30%
2023 Market Size USD 850 million
2030 Market Size USD 1.45 billion
Key Players Polyonics, 3M, Protective Packaging Corporation, LPS Industries, Desco Industries

Market Summary

The anti-corrosion bags market is a specialized segment within the protective packaging industry, dedicated to safeguarding metal components and products from corrosion during storage and transportation. These bags are engineered with advanced materials that provide a barrier against moisture, oxygen, and other corrosive elements, ensuring the integrity and longevity of metal assets. The market serves a broad spectrum of industries, including automotive, aerospace, electronics, marine, and industrial manufacturing, where the protection of high-value metal parts is critical. The increasing globalization of supply chains has further amplified the demand for reliable anti-corrosion packaging solutions, as products often traverse diverse climatic conditions. Key products in this market include VCI (Volatile Corrosion Inhibitor) bags, desiccant bags, and laminated barrier bags, each designed for specific protective needs and environmental challenges. The market is characterized by continuous innovation in material science, focusing on enhancing protective efficacy while addressing sustainability concerns. Companies operating in this space are increasingly developing eco-friendly and recyclable solutions to meet evolving regulatory standards and customer preferences for sustainable packaging.

Key Highlights

The anti-corrosion bags market is distinguished by its critical role in preventing significant economic losses caused by metal corrosion, which is a pervasive and costly issue across global industries. A key highlight is the widespread adoption of VCI technology, which releases protective vapors that form a molecular layer on metal surfaces, offering superior protection without direct contact. This technology is highly effective for complex assemblies and hard-to-reach areas. Another significant aspect is the growing integration of multi-layer laminated films that combine moisture barriers with physical strength, providing robust protection against mechanical damage and environmental factors. The market is also witnessing a trend towards customization, where bags are tailored to specific sizes, shapes, and protective requirements of different metal components, enhancing their utility for niche applications. Furthermore, the development of anti-static and flame-retardant variants addresses additional safety concerns in sensitive environments like electronics and aerospace manufacturing. The emphasis on product certification, such as MIL-PRF-22019 and ASTM standards, underscores the industry's commitment to quality and reliability, ensuring that these packaging solutions meet stringent performance criteria demanded by end-users.

Drivers, Opportunities & Restraints

The growth of the anti-corrosion bags market is primarily driven by the escalating need to protect metal components from degradation, which is a major concern for industries dealing with high-value equipment and machinery. The expansion of the automotive and aerospace sectors, where the use of precision metal parts is extensive, significantly fuels demand. Additionally, the rise in international trade and elongated supply chains necessitates reliable packaging to prevent corrosion during long-distance shipping and storage in varying climatic conditions. A key opportunity lies in the development of sustainable and biodegradable anti-corrosion materials, responding to the increasing regulatory pressure and consumer demand for environmentally friendly packaging solutions. Innovations in smart packaging, incorporating indicators for moisture or corrosion detection, present another promising avenue for market differentiation and value addition. However, the market faces restraints, including the higher cost of advanced anti-corrosion bags compared to conventional packaging, which can be a barrier for cost-sensitive end-users. Fluctuations in raw material prices, particularly for polymers and specialty chemicals used in VCI formulations, also pose a challenge to market stability and profitability. Moreover, the lack of awareness about advanced corrosion prevention technologies in emerging economies can limit market penetration.

Concentration Insights

The competitive landscape of the anti-corrosion bags market features a mix of global players and specialized regional manufacturers, indicating a moderately concentrated market structure. Leading companies such as Cortec Corporation, Daubert Cromwell, Inc., and Protective Packaging Corporation have established strong market positions through extensive product portfolios, robust R&D capabilities, and global distribution networks. These players compete on factors like product efficacy, technological innovation, customization options, and compliance with international standards. There is also a significant presence of smaller, niche players that focus on specific applications or regional markets, often competing on price and localized service. The market concentration is influenced by high barriers to entry, including the need for specialized technical knowledge, significant investment in research and development, and the necessity to obtain various industry certifications. Strategic activities such as mergers and acquisitions, partnerships with end-user industries, and expansion into emerging markets are common among key players aiming to strengthen their market share and enhance their technological offerings.

Type Insights

Anti-corrosion bags are available in various types, each designed to address specific protective needs and environmental conditions. VCI (Volatile Corrosion Inhibitor) bags are the most prevalent type, utilizing chemicals that vaporize and condense on metal surfaces to form a protective layer that neutralizes corrosive elements. These are highly effective for ferrous and non-ferrous metals and are widely used in automotive and military applications. Desiccant bags work by absorbing ambient moisture within the packaged environment, thereby reducing the relative humidity and preventing rust formation. They are often used in conjunction with other protective packaging for enhanced efficacy. Laminated barrier bags are constructed from multiple layers of plastic and foil, providing an excellent physical barrier against moisture, oxygen, and contaminants. These are ideal for long-term storage or harsh environmental conditions. Additionally, there are anti-static bags that dissipate electrostatic charges to protect sensitive electronic components, and custom-formulated bags designed for specific metals or unusual shapes. The choice of bag type depends on factors such as the metal being protected, the duration of storage, the environmental exposure, and specific industry requirements.

Application Insights

The application of anti-corrosion bags spans numerous industries where metal preservation is paramount. In the automotive industry, these bags are used to protect engine parts, brake components, and other metal assemblies during storage and overseas shipment, ensuring they arrive in pristine condition. The aerospace sector relies heavily on these solutions for safeguarding critical aircraft components, such as turbine blades and landing gear, from corrosion, which is crucial for safety and performance. The electronics industry utilizes anti-static VCI bags to protect circuit boards, connectors, and other metal parts from both corrosion and electrostatic discharge during manufacturing and transport. In the marine industry, equipment and tools exposed to salty, humid environments are packaged in these bags to prevent rapid deterioration. Industrial manufacturing uses them for storing machinery parts, tools, and spare parts, reducing maintenance costs and downtime. Furthermore, the military and defense sector is a significant user, employing these bags for the long-term preservation of weapons, vehicles, and equipment in various storage conditions, highlighting the versatility and critical importance of anti-corrosion packaging across diverse applications.

Regional Insights

The demand for anti-corrosion bags exhibits distinct regional patterns influenced by industrial activity, economic development, and climatic conditions. North America and Europe represent mature markets with strong demand driven by well-established automotive, aerospace, and manufacturing sectors. Strict environmental and safety regulations in these regions also promote the use of high-quality, certified protective packaging. The Asia-Pacific region is experiencing the fastest growth, fueled by rapid industrialization, expanding manufacturing capabilities, and increasing investments in infrastructure and automotive production in countries like China, India, and South Korea. The region's humid and tropical climates in many areas further necessitate effective corrosion prevention solutions. Latin America and the Middle East & Africa are emerging markets where growth is linked to the development of the oil & gas, mining, and construction industries. However, market penetration in these regions can be challenged by economic volatility and a less developed industrial base compared to more advanced economies. Overall, global trade dynamics and the localization of manufacturing hubs continue to shape the regional demand and distribution strategies for anti-corrosion bag manufacturers.

Company Insights

The anti-corrosion bags market is served by several key players who have developed strong expertise and product offerings. Cortec Corporation is a globally recognized leader, known for its extensive range of VCI and eco-friendly packaging solutions. The company invests significantly in research and development to innovate new products that meet evolving industry standards. Daubert Cromwell, Inc. is another major player with a long history in the VCI packaging space, offering a variety of bags, papers, and emitters. Protective Packaging Corporation specializes in customized protective packaging solutions, including multi-layer barrier bags and desiccant products. Other notable companies include Zerust Excorzia, which provides advanced corrosion prevention technologies, and Transilwrap Company, Inc., known for its flexible packaging products. These companies compete on the basis of product quality, technological innovation, global supply chain capabilities, and the ability to provide tailored solutions for specific customer needs. They often engage in strategic initiatives such as product launches, capacity expansions, and technological collaborations to maintain their competitive edge and cater to the diverse requirements of end-user industries across different geographies.

Recent Developments

The anti-corrosion bags market has witnessed several noteworthy developments focused on technological advancement and sustainability. A prominent trend is the introduction of bio-based VCI formulations derived from renewable resources, reducing the environmental footprint of these products. Companies are also developing thinner, yet more effective, multi-layer films that use less material without compromising on protective performance, aligning with waste reduction goals. There is a growing integration of smart features, such as color-changing indicators that signal when the protective properties are depleted or when harmful moisture levels are detected inside the packaging. Furthermore, key players have been expanding their manufacturing facilities and distribution networks in high-growth regions like Asia-Pacific to better serve local demand and reduce logistics costs. The industry has also seen collaborations between packaging manufacturers and end-user companies to co-develop customized solutions for specific challenges, such as protecting electric vehicle components or sensitive aerospace alloys. These developments reflect the market's ongoing evolution towards more efficient, sustainable, and user-friendly anti-corrosion packaging solutions.

Report Segmentation

This comprehensive market research report on the anti-corrosion bags market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The segmentation by type covers key product categories such as VCI Bags, Desiccant Bags, and Laminated Barrier Bags, analyzing the demand, innovation, and growth prospects for each. The application segmentation delves into the usage across major end-use industries including Automotive, Aerospace, Electronics, Marine, and Industrial Manufacturing, highlighting the specific requirements and trends within each sector. Furthermore, the report includes a geographical segmentation, offering insights into regional markets such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This regional analysis examines the factors driving demand, the competitive landscape, and growth opportunities in each area. The report also provides a detailed company profiling section, which includes an analysis of the key players, their market share, product portfolios, and strategic initiatives. This multi-faceted segmentation allows stakeholders to identify niche opportunities, understand sector-specific dynamics, and make informed strategic decisions based on comprehensive and categorized market intelligence.

FAQs

What are anti-corrosion bags made of? Anti-corrosion bags are typically manufactured from polyethylene or polypropylene films that are impregnated with Volatile Corrosion Inhibitors (VCIs). These multi-layer films often include a metallic layer, such as aluminum, to enhance the barrier properties against moisture and oxygen. Some advanced variants may also incorporate desiccants like silica gel within the packaging or as a separate pouch inside the bag.

How do VCI bags work? VCI bags function by releasing vapor-phase corrosion inhibitors into the enclosed air space. These vapors condense onto the surface of metal objects, forming an invisible, protective molecular layer that prevents rust and corrosion by neutralizing the electrochemical reactions that cause deterioration. This protection is effective even on complex geometries and hard-to-reach areas without the need for direct contact or oily coatings.

What is the shelf life of anti-corrosion bags? The shelf life of anti-corrosion bags, particularly VCI bags, is typically two to three years when stored correctly in their original, sealed packaging away from direct sunlight, high temperatures, and high humidity. Once the bag is opened and used, the protective vapors begin to activate, and the effectiveness duration depends on the seal integrity of the application and the specific product formulation.

Can anti-corrosion bags be recycled? The recyclability of anti-corrosion bags depends on their material composition. Polyethylene-based VCI bags are often recyclable under certain programs, similar to other plastic films. However, bags with multi-layer laminates or metallic layers can be more challenging to recycle. Manufacturers are increasingly focusing on developing mono-material and recyclable solutions to improve environmental sustainability.

Are these bags safe for all metals? While VCI bags are generally safe for a wide range of ferrous and non-ferrous metals, it is crucial to select a product specifically formulated for the metals being protected. Some inhibitors are designed for ferrous metals like steel and iron, while others are formulated for copper, brass, aluminum, or silver. Using an incorrect formulation could potentially lead to tarnishing or other adverse effects on certain metals.

What industries use anti-corrosion bags the most? The industries that are the most prolific users of anti-corrosion bags include automotive, for protecting engine and brake components; aerospace, for safeguarding critical aircraft parts; electronics, for preventing corrosion on circuits and connectors; and the military, for the long-term storage of equipment and weapons. Industrial manufacturing and the marine sector are also significant end-users.

Citius Research has developed a research report titled “Anti-corrosion Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Anti-corrosion Bags Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Anti-corrosion Bags Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Anti-corrosion Bags Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Anti-corrosion Bags Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Anti-corrosion Bags Market
• Research Methodology
• Executive Summary
• Market Dynamics of Anti-corrosion Bags Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Anti-corrosion Bags Market
• Cost and Gross Margin Analysis of Anti-corrosion Bags Market
• Anti-corrosion Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Anti-corrosion Bags Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Anti-corrosion Bags Market Key Stakeholders

Below are the key stakeholders for the Anti-corrosion Bags Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Anti-corrosion Bags Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Anti-corrosion Bags Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Anti-corrosion Bags Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Anti-corrosion Bags Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Anti-corrosion Bags Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Anti-corrosion Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Anti-corrosion Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Anti-corrosion Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Anti-corrosion Bags Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Anti-corrosion Bags Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Anti-corrosion Bags Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Anti-corrosion Bags Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Anti-corrosion Bags Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Anti-corrosion Bags Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Anti-corrosion Bags Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Anti-corrosion Bags Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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