Desiccant 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: CR0209844
  • Format: Electronic (PDF)
  • Number of Pages: 198
  • Author(s): Joshi, Madhavi

Report Overview

The Desiccant Bags Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.70% during the forecast period (2024-2030).

Desiccant Bags Market

(Market Size)
$1.8 billion
$3.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.70%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.2 billion
Key Players Clariant, BASF, W. R. Grace, Multisorb Technologies, Desiccare

Market Summary

The desiccant bags market is an integral segment within the global packaging industry, primarily focused on moisture control solutions to protect products from degradation during storage and transit. These bags are widely utilized across various sectors including food and beverage, pharmaceuticals, electronics, and industrial goods to maintain product integrity and extend shelf life. The market is characterized by a consistent demand driven by the need for effective humidity management in packaging, ensuring that sensitive items remain dry and free from mold, corrosion, or other moisture-related damage. Key materials employed in the production of desiccant bags include silica gel, clay, calcium oxide, and molecular sieves, each offering distinct absorption capacities and suitability for different applications. The industry sees ongoing innovation in biodegradable and sustainable desiccant solutions, aligning with broader environmental trends and regulatory pressures. Companies operating in this space are increasingly focusing on developing high-performance, cost-effective products that meet stringent industry standards, particularly in regions with high humidity levels. The market is also influenced by globalization and expanding supply chains, which necessitate reliable moisture protection for goods in transit. Overall, the desiccant bags market remains a critical component of protective packaging, with steady growth underpinned by its essential role in preserving product quality and safety.

Key Highlights

The desiccant bags market showcases several key highlights that underscore its importance and dynamism. A prominent feature is the extensive use of silica gel desiccants, which dominate due to their high absorption capacity, non-toxic nature, and reusability, making them a preferred choice across multiple industries. Another significant aspect is the increasing adoption of activated clay desiccants, particularly in applications requiring cost-effectiveness and adequate moisture control for less sensitive products. The market is also witnessing a surge in demand for custom-designed desiccant solutions tailored to specific packaging requirements, such as those in the pharmaceutical and electronics sectors, where precise humidity levels are critical. Additionally, there is a growing emphasis on sustainable and eco-friendly desiccant materials, driven by environmental regulations and corporate sustainability initiatives, leading to innovations in biodegradable and renewable options. The integration of smart packaging technologies, including humidity indicator cards and sensors embedded with desiccant bags, represents a forward-looking trend, enhancing functionality and user assurance. Furthermore, the market benefits from robust supply chains and the presence of established players like Clariant AG, BASF SE, and Multisorb Technologies, who continuously invest in research and development to improve product efficacy and expand their global footprint. These highlights collectively illustrate a market that is both responsive to evolving industry needs and proactive in embracing technological advancements.

Drivers, Opportunities & Restraints

Several drivers propel the desiccant bags market forward, with the foremost being the escalating demand from the pharmaceutical and food packaging industries, where moisture control is paramount to ensuring product safety and compliance with health standards. The expansion of global trade and e-commerce has further amplified the need for reliable desiccant solutions to protect goods during extended shipping and storage periods. Additionally, stringent regulations regarding product quality and packaging in various regions act as a significant driver, compelling companies to adopt effective moisture management systems. Opportunities in the market abound, particularly in the development of advanced and sustainable desiccant materials that cater to the growing consumer preference for environmentally friendly packaging. There is also considerable potential in emerging economies, where industrialization and increasing disposable incomes are driving demand for packaged goods, thereby creating new avenues for market growth. However, the market faces certain restraints, including the volatility in raw material prices, which can impact production costs and profitability. Moreover, the availability of alternative moisture control methods and the challenge of disposing of certain desiccant materials in an environmentally responsible manner pose limitations. Despite these restraints, the overall trajectory of the desiccant bags market remains positive, fueled by continuous innovation and the critical need for moisture protection in diverse applications.

Concentration Insights

The desiccant bags market exhibits a concentrated landscape with a mix of global giants and specialized players dominating the industry. Key companies such as Clariant AG, BASF SE, and Multisorb Technologies hold significant market shares due to their extensive product portfolios, strong research capabilities, and widespread geographic presence. These industry leaders focus on strategic initiatives including mergers and acquisitions, partnerships, and capacity expansions to strengthen their market position and cater to diverse customer needs. Regional players also play a crucial role, particularly in local markets where they offer customized solutions and competitive pricing. The market concentration is further influenced by high barriers to entry, including the need for technological expertise, compliance with international standards, and established distribution networks, which favor incumbent players. However, there is a noticeable trend of niche companies emerging with innovative products, such as bio-based desiccants, challenging the dominance of traditional players. The competitive dynamics are characterized by continuous product development and a focus on sustainability, as companies strive to differentiate themselves and capture growth opportunities in both developed and emerging regions.

Type Insights

In the desiccant bags market, various types of desiccants are utilized, each with distinct properties and applications. Silica gel is the most prevalent type, renowned for its high moisture absorption capacity, stability, and versatility, making it suitable for a wide range of industries including pharmaceuticals, electronics, and food packaging. Clay desiccants, particularly activated clay, are another major category, valued for their cost-effectiveness and efficiency in controlling moisture for less sensitive products such as industrial goods and certain consumer products. Calcium chloride-based desiccants offer superior absorption capabilities and are often used in applications requiring rapid moisture removal, such as in shipping containers and large-scale storage environments. Molecular sieve desiccants are employed in scenarios demanding precise humidity control, such as in the packaging of highly sensitive electronic components or pharmaceutical products, due to their ability to adsorb water molecules selectively. Other types include montmorillonite clay and silica gel blends, which provide balanced performance for specific needs. The choice of desiccant type depends on factors such as the required absorption rate, capacity, cost considerations, and the specific environmental conditions of the application, driving continuous innovation and diversification in product offerings.

Application Insights

The application of desiccant bags spans multiple industries, each with unique requirements for moisture control. In the food and beverage sector, these bags are essential for preventing spoilage, mold growth, and texture changes in products such as snacks, dried fruits, and spices, thereby extending shelf life and maintaining quality. The pharmaceutical industry relies heavily on desiccant bags to protect medications, vaccines, and diagnostic kits from humidity, ensuring efficacy and compliance with stringent regulatory standards. Electronics packaging represents another critical application, where desiccants safeguard sensitive components like circuit boards and semiconductors from corrosion and malfunction during storage and transit. Industrial applications include the protection of machinery, metal parts, and automotive components from rust and degradation, particularly in humid environments or during overseas shipping. Additionally, desiccant bags are used in the consumer goods sector for items such as leather products, textiles, and documents to prevent moisture damage. The versatility of desiccant bags makes them indispensable across these diverse applications, driven by the universal need to preserve product integrity and prevent financial losses due to moisture-related issues.

Regional Insights

Regionally, the desiccant bags market demonstrates varied dynamics influenced by economic development, industrial activity, and climatic conditions. North America holds a substantial market share, driven by advanced pharmaceutical and food packaging industries, stringent regulations, and high awareness regarding product quality. The presence of major players and a robust logistics network further supports market growth in this region. Europe follows closely, with strong demand from the automotive and electronics sectors, alongside increasing emphasis on sustainable packaging solutions that incorporate eco-friendly desiccants. The Asia-Pacific region is identified as the fastest-growing market, fueled by rapid industrialization, expanding manufacturing capabilities, and rising consumer spending on packaged goods in countries like China, India, and Japan. Humidity-prone climates in many parts of Asia-Pacific also necessitate effective moisture control, boosting adoption. Latin America and the Middle East & Africa are emerging markets, where growth is propelled by developing industrial bases and increasing investments in packaging infrastructure. However, these regions face challenges such as limited awareness and economic volatility. Overall, regional insights highlight a globally interconnected market with growth opportunities predominantly in emerging economies, while developed regions continue to innovate and set industry standards.

Company Insights

The desiccant bags market features several prominent companies that lead through innovation, quality, and strategic market presence. Clariant AG is a key player, offering a wide range of desiccant products under brands like Sorbead, known for their high efficiency and application versatility. BASF SE is another major contributor, providing advanced moisture control solutions such as the Syloid silica gels, which are widely used in demanding sectors like pharmaceuticals and food. Multisorb Technologies stands out for its customized desiccant systems and integrated solutions, catering to specific client needs across various industries. Other significant companies include Delta Adsorbents, which specializes in clay and silica gel desiccants, and Desiccare, Inc., known for its diverse product portfolio and focus on customer-specific solutions. These companies invest heavily in research and development to enhance product performance, sustainability, and compliance with international standards. They also engage in strategic partnerships and expansions to strengthen their global footprint and address evolving market demands. The competitive landscape is characterized by a focus on technological advancement, environmental responsibility, and the ability to provide reliable, cost-effective moisture protection solutions, ensuring that these companies remain at the forefront of the industry.

Recent Developments

Recent developments in the desiccant bags market reflect a trend towards innovation and sustainability. Companies are increasingly introducing biodegradable and renewable desiccant materials to meet environmental regulations and consumer preferences for eco-friendly packaging. For instance, there has been a shift towards using natural clays and silica gels derived from sustainable sources, reducing the ecological footprint. Technological advancements have led to the integration of smart features, such as humidity indicator cards and RFID tags embedded in desiccant bags, providing real-time moisture monitoring and enhancing supply chain transparency. Mergers and acquisitions have also been notable, with larger players acquiring niche firms to expand their product portfolios and geographic reach. Additionally, investments in production capacity expansions, particularly in Asia-Pacific, are evident to cater to the growing demand from emerging markets. Research efforts are focused on improving the absorption efficiency and longevity of desiccants, resulting in products that offer better performance under varying conditions. These developments underscore the market's adaptability and commitment to addressing contemporary challenges, ensuring that desiccant solutions remain effective, sustainable, and aligned with future industry needs.

Report Segmentation

The desiccant bags market report is segmented based on type, application, and region to provide a comprehensive analysis. By type, the market is categorized into silica gel, clay, calcium chloride, molecular sieve, and others, each examined for their market share, growth potential, and specific use cases. The application segment covers food and beverage, pharmaceuticals, electronics, industrial, consumer goods, and others, detailing the demand drivers and unique requirements for desiccant bags in each sector. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with each region analyzed for its current market size, growth trends, and future prospects. This segmentation allows for a detailed understanding of market dynamics, helping stakeholders identify opportunities and make informed decisions. It also highlights the varying adoption rates and preferences across different regions and industries, providing insights into targeted strategies for market penetration and expansion. The report's structured approach ensures a thorough examination of all critical facets, offering valuable intelligence for businesses, investors, and professionals engaged in the packaging industry.

FAQs

What are desiccant bags used for? Desiccant bags are used to absorb moisture and control humidity within packaged products, preventing damage such as mold, corrosion, or spoilage during storage and transportation. They are essential in industries like pharmaceuticals, food and beverage, electronics, and industrial goods to maintain product quality and extend shelf life.

How do desiccant bags work? Desiccant bags work by containing hygroscopic materials such as silica gel, clay, or calcium chloride that attract and hold water molecules from the surrounding environment. This process reduces the humidity levels inside the packaging, creating a dry atmosphere that protects contents from moisture-related deterioration.

Are desiccant bags safe for food? Yes, desiccant bags are safe for food when they are made from non-toxic, food-grade materials like silica gel or clay that comply with regulatory standards such as FDA approvals. These desiccants are specifically designed to be inert and not contaminate food products, ensuring safety and compliance.

Can desiccant bags be reused? Some desiccant bags, particularly those containing silica gel, can be reused after reactivation through heating to remove absorbed moisture. However, reuse depends on the type of desiccant and the manufacturer's guidelines; not all varieties are designed for multiple uses, and effectiveness may diminish over time.

What is the difference between silica gel and clay desiccants? Silica gel desiccants have a higher moisture absorption capacity and are often used for sensitive applications like electronics and pharmaceuticals, whereas clay desiccants are more cost-effective and suitable for less humidity-sensitive products such as industrial goods, offering adequate protection at a lower price point.

How should desiccant bags be disposed of? Desiccant bags should be disposed of according to local regulations and the material type. Silica gel and clay desiccants are generally non-hazardous and can be disposed of with regular waste, but it is advisable to check product labels or manufacturer instructions to ensure environmentally responsible disposal practices.

Citius Research has developed a research report titled “Desiccant 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

• Desiccant 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 Desiccant 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.

Desiccant Bags Market Segmentation

Market Segmentation

Regions Covered

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

Desiccant Bags Market Analysis

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

• Overview of Desiccant Bags Market
• Research Methodology
• Executive Summary
• Market Dynamics of Desiccant 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 Desiccant Bags Market
• Cost and Gross Margin Analysis of Desiccant Bags Market
• Desiccant 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 “Desiccant 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.

Desiccant Bags Market Key Stakeholders

Below are the key stakeholders for the Desiccant Bags Market:

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

Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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%
The global Desiccant Bags Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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 Desiccant 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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