Child Resistant Bottles 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: CR0209698
  • Format: Electronic (PDF)
  • Number of Pages: 195
  • Author(s): Joshi, Madhavi

Report Overview

The Child Resistant Bottles Market size was estimated at USD 1.5 billion in 2023 and is projected to reach USD 2.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Child Resistant Bottles Market

(Market Size)
$1.5 billion
$2.6 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 1.5 billion
2030 Market Size USD 2.6 billion
Key Players Amcor, Berry Global, Gerresheimer, AptarGroup, Silgan Holdings

Market Summary

The child resistant bottles market is a specialized segment within the packaging industry focused on designing and manufacturing containers that are difficult for young children to open, thereby preventing accidental ingestion of harmful substances. These bottles are a critical safety component, mandated by regulations in numerous countries for a wide range of products. The market is characterized by continuous innovation in closure mechanisms and material science to enhance safety without compromising accessibility for adults, particularly seniors and individuals with dexterity challenges. Demand is primarily driven by the pharmaceutical and cannabis industries, where product safety is paramount. Manufacturers are engaged in developing solutions that meet stringent international standards, such as those set by the Consumer Product Safety Commission (CPSC) in the United States and similar bodies globally. The competitive landscape features both large multinational packaging corporations and specialized niche players, all competing on the basis of compliance, design, user experience, and cost-effectiveness.

Key Highlights

The market for child resistant bottles is defined by several key highlights that underscore its importance and trajectory. A primary highlight is the critical role of regulatory compliance, where packaging must pass rigorous testing protocols like the ASTM D3475 standard to be certified as child resistant. This has led to significant investment in research and development by companies such as Berry Global, AptarGroup, and O.Berk Company to create innovative closure systems. Another notable highlight is the material innovation, with a strong shift towards sustainable options like recycled PET and HDPE without compromising the protective integrity of the packaging. The expansion of legal cannabis markets across North America has emerged as a powerful new driver, creating a substantial and rapidly growing application segment that demands compliant packaging. Furthermore, the challenge of designing packaging that is senior-adult friendly remains a focal point for innovation, balancing safety with accessibility.

Drivers, Opportunities & Restraints

The growth of the child resistant bottles market is propelled by several key drivers. Stringent government regulations across the globe mandating such packaging for pharmaceuticals, household chemicals, and cannabis products form the most powerful driver. The rising incidence of accidental poisonings in children continues to reinforce the need for these safety measures. Additionally, the global expansion of the legal cannabis industry presents a sustained and growing source of demand for compliant packaging solutions. Opportunities within the market are abundant, particularly in the development of sustainable and eco-friendly child resistant packaging made from biodegradable polymers or incorporating higher levels of recycled content. There is also a significant opportunity in leveraging smart packaging technologies, such as incorporating RFID or NFC tags for authentication and tracking, adding value beyond basic safety. However, the market faces notable restraints, including the higher cost of manufacturing these specialized packages compared to standard containers, which can be a barrier for some brands. The technical challenge of creating closures that are truly child-resistant yet easy for all adults, especially the elderly, to open remains a significant hurdle for designers and engineers.

Concentration Insights

The competitive concentration in the child resistant bottles market is characterized by the presence of a mix of large, diversified global packaging giants and smaller, specialized manufacturers. Leading players such as Berry Global Inc., AptarGroup, Inc., and Amcor plc hold significant market share due to their extensive product portfolios, global distribution networks, and substantial R&D capabilities to develop advanced closure systems. These companies often serve a wide array of industries, including pharmaceuticals, consumer healthcare, and chemicals. Alongside these leaders, there is a vibrant ecosystem of specialized companies like O.Berk Company, Closure Systems International, and United States Plastic Corporation that focus intensely on niche applications, particularly the fast-growing cannabis sector. This concentration suggests a market where scale and broad capabilities provide an advantage, but where agility and specialization in high-growth niches also present viable paths to success for other firms.

Type Insights

Child resistant bottles are categorized primarily by the type of closure mechanism and the material used. In terms of closures, push-and-turn (or squeeze-and-turn) caps are among the most common and recognized types, requiring a specific combination of downward pressure and rotation to open. Snap-on caps that require alignment of arrows or tabs are another prevalent design. Recently, more innovative mechanisms such as push-lock caps and tear-away safety bands have been developed. Material-wise, polypropylene (PP) and high-density polyethylene (HDPE) dominate the market due to their durability, chemical resistance, and suitability for manufacturing precise threading necessary for CR closures. There is a growing segment for polyethylene terephthalate (PET) bottles, valued for their clarity and recyclability. Glass is also used, particularly in the pharmaceutical and premium cannabis markets, where it is paired with specialized child resistant closures to meet safety requirements while offering a high-quality aesthetic.

Application Insights

The application of child resistant bottles spans several critical industries where product safety is a non-negotiable requirement. The pharmaceutical industry is the traditional and largest application segment, using these bottles for a vast range of prescription and over-the-counter medications, including pills, capsules, and liquids. The household products sector is another major user, packaging items like cleaning chemicals, detergents, and pesticides in child resistant containers to prevent accidental exposure. The most dynamic and rapidly expanding application is undoubtedly the legal cannabis industry, encompassing both medical and recreational markets. Cannabis products, including dried flower, edibles, tinctures, and concentrates, are almost universally required to be sold in packaging that is child resistant, driving immense demand. Other emerging applications include certain types of automotive fluids, e-liquids for vaping, and even some personal care products that contain potentially harmful ingredients.

Regional Insights

Geographically, North America represents the largest and most mature market for child resistant bottles, driven by early and strict regulatory frameworks like the Poison Prevention Packaging Act (PPPA) in the United States. The rapid legalization of cannabis at the state level further solidifies its dominance. Europe is another significant market, with strong regulations enforced by member states and a well-established pharmaceutical industry creating steady demand. The Asia Pacific region is anticipated to be the fastest-growing market, fueled by increasing healthcare expenditure, growing awareness of child safety, and the gradual development of regulatory standards in countries like China and India. Latin America and the Middle East & Africa are currently smaller markets but present future growth potential as regulations concerning product safety and pharmaceutical packaging continue to evolve and become more stringent in these regions.

Company Insights

The competitive landscape features companies with deep expertise in packaging solutions. Berry Global Inc. is a foremost player, offering a wide array of child resistant packaging options through its healthcare and specialty closures divisions. AptarGroup, Inc. is renowned for its innovative dispensing and closure solutions, including a variety of child resistant caps for the pharmaceutical, food, and beauty markets. Amcor plc leverages its global scale to provide sustainable and compliant packaging. Specialized players like O.Berk Company focus on custom solutions, particularly for the cannabis and pharmaceutical industries, while Closure Systems International is a leader in closure technology. Other notable participants include United States Plastic Corporation, Alpha Packaging, and Gerresheimer AG, each contributing unique product designs and material expertise to the market.

Recent Developments

The child resistant bottles market has witnessed several recent developments focused on innovation and sustainability. A prominent trend is the industry-wide push towards incorporating post-consumer recycled (PCR) content into polypropylene and HDPE bottles without affecting their performance or safety certification. Companies are also launching new closure designs that offer improved senior-adult friendliness, often utilizing larger tabs or requiring less force to operate. There has been a notable increase in partnerships between packaging manufacturers and cannabis companies to develop custom, brand-differentiating child resistant solutions. Furthermore, the integration of smart features, such as timers that track the last time a bottle was opened or Bluetooth-enabled caps that can send reminders to a smartphone, represents a cutting-edge development that adds functionality beyond basic safety.

Report Segmentation

This comprehensive market report on child resistant bottles is meticulously segmented to provide a detailed and granular analysis of the industry. The segmentation allows for a focused examination of each critical aspect of the market. The report is segmented by type of closure mechanism, such as push-and-turn, snap-on, and other innovative designs. It is further broken down by material type, including polypropylene (PP), high-density polyethylene (HDPE), polyethylene terephthalate (PET), glass, and others. The application segmentation covers the key end-use industries: pharmaceuticals, cannabis, household products, and other industrial applications. Finally, the report provides a thorough regional analysis, segmenting the market into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This multi-faceted segmentation offers readers targeted insights into the specific segments that are most relevant to their strategic interests.

FAQs

What does child resistant packaging mean? Child resistant packaging refers to special containers or closures that are designed to be significantly difficult for children under five years of age to open within a reasonable time, while remaining readily accessible to adults. This is not childproof packaging, as no package can be made entirely proof against a determined child, but it is resistant and adds a critical layer of safety.

What is the standard for child resistant packaging? The widely recognized standard, particularly in the United States, is the ASTM D3475-18 Standard Classification for Child-Resistant Packages. This protocol involves testing with panels of both children and adults to ensure the packaging meets specific effectiveness criteria for being difficult for children to open while remaining accessible for adults.

Are child resistant containers required? Yes, for specific product categories. Regulations like the U.S. Poison Prevention Packaging Act (PPPA) mandate child resistant packaging for most prescription drugs, many over-the-counter medications, and certain hazardous household chemicals. The legal cannabis industry also universally requires child resistant packaging for its products.

What materials are child resistant bottles made from? The most common materials are plastics like polypropylene (PP) and high-density polyethylene (HDPE) due to their durability, chemical resistance, and moldability for precise closures. Glass is also used for certain premium applications, and there is a growing use of PET and recycled materials.

How do you open a child resistant bottle? Most common child resistant bottles require a specific maneuver to open. For a push-and-turn cap, this involves firmly pushing the cap downward while simultaneously rotating it counterclockwise. For a snap-cap, the user must align arrows or tabs on the cap and bottle before flipping it open. Instructions are typically printed on the cap.

How is child resistant packaging tested? Packaging is tested according to established protocols using a panel of children aged 42 to 51 months. The test measures the number of children who can open the package within a set time frame. It is also tested with a panel of adults aged 50 to 70 years to ensure they can open and properly reclose it without difficulty.

Citius Research has developed a research report titled “Child Resistant Bottles 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

• Child Resistant Bottles 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 Child Resistant Bottles 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.

Child Resistant Bottles Market Segmentation

Market Segmentation

Regions Covered

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

Child Resistant Bottles Market Analysis

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

• Overview of Child Resistant Bottles Market
• Research Methodology
• Executive Summary
• Market Dynamics of Child Resistant Bottles 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 Child Resistant Bottles Market
• Cost and Gross Margin Analysis of Child Resistant Bottles Market
• Child Resistant Bottles 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 “Child Resistant Bottles 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.

Child Resistant Bottles Market Key Stakeholders

Below are the key stakeholders for the Child Resistant Bottles Market:

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

Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Child Resistant Bottles Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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 Child Resistant Bottles 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.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports