VCI 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: CR0210935
  • Format: Electronic (PDF)
  • Number of Pages: 175
  • Author(s): Joshi, Madhavi

Report Overview

The VCI Bags Market size was estimated at USD 890 million in 2023 and is projected to reach USD 1.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

VCI Bags Market

(Market Size)
$890 million
$1.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 890 million
2030 Market Size USD 1.5 billion
Key Players Cortec, Zerust, Branopac, Rust-X, MetPro Group

Market Summary

The VCI Bags Market is a specialized segment within the packaging industry focused on providing corrosion prevention solutions for metal components and products during storage and transportation. Volatile Corrosion Inhibitor (VCI) technology works by releasing a protective vapor that forms a microscopic layer on metal surfaces, preventing rust and corrosion without the need for direct contact or messy oils. These bags are widely utilized across numerous sectors including automotive, aerospace, electronics, and metalworking, where protecting high-value metal assets from environmental degradation is paramount. The market is characterized by a strong emphasis on material science innovation, with manufacturers continuously developing advanced polymer blends and multi-layered films to enhance barrier properties and extend the protective life of the packaging. The demand is largely driven by the global nature of supply chains, where components may be exposed to varying humid conditions during long-distance shipping and extended warehousing. Companies operating in this space offer a range of products from standard bags to custom-designed solutions tailored to specific part geometries and industry requirements, underscoring the market's adaptability and customer-centric approach.

Key Highlights

The VCI Bags Market is distinguished by several key factors that underscore its critical role in industrial packaging. A primary highlight is the exceptional cost-saving potential these solutions offer by virtually eliminating losses due to corrosion, which can be substantial for manufacturers and distributors of metal goods. The technology enables clean and ready-to-use parts upon unpacking, significantly reducing labor and time associated with secondary cleaning processes. Furthermore, the market is witnessing a significant trend towards sustainability, with leading developers creating recyclable and biodegradable VCI films that maintain high performance while addressing environmental concerns. The versatility in application is another standout feature, with products available for protecting everything from small precision fasteners to large industrial machinery components. The efficacy of these bags is often validated through stringent international testing standards, providing customers with guaranteed performance and peace of mind. The market is also supported by a robust technical service ecosystem, where providers offer corrosion audits and custom packaging recommendations, adding immense value beyond the product itself.

Drivers, Opportunities & Restraints

The growth of the VCI Bags Market is propelled by several powerful drivers. The expansion of global trade and elongated supply chains necessitates reliable long-term corrosion protection for metal goods in transit. Increasing industrialization in emerging economies is generating substantial demand for metal components and the subsequent need for their preservation. Stringent quality control standards across end-use industries, particularly automotive and aerospace, mandate the use of proven protective packaging to prevent costly rejects and warranty claims. A significant opportunity lies in the development of smart and active packaging solutions, integrating sensors that can indicate the remaining protective life of a VCI bag or signal if the package integrity has been compromised. The growing emphasis on sustainable packaging presents another avenue for innovation, creating potential for bio-based VCI additives and fully recyclable mono-material films. However, the market faces certain restraints, including the higher initial cost of VCI packaging compared to conventional alternatives, which can be a barrier for price-sensitive customers. A lack of awareness about the technology and its benefits among smaller enterprises in developing regions also limits market penetration. Additionally, the performance of VCI bags can be influenced by extreme environmental conditions and requires proper sealing to be effective, placing an onus on correct user application.

Concentration Insights

The competitive landscape of the VCI Bags Market features a mix of large multinational corporations and specialized niche players, creating a moderately concentrated environment. A handful of globally recognized companies hold significant market share due to their extensive product portfolios, robust R&D capabilities, and established distribution networks that span multiple continents. These industry leaders often provide a complete suite of corrosion prevention solutions, including papers, films, emitters, and bags, allowing them to serve diverse customer needs from a single source. Alongside these giants, numerous regional and local manufacturers compete effectively by focusing on specific end-use industries or by offering highly customized and cost-competitive products. The market concentration is also influenced by strong technical expertise and patent protections related to proprietary VCI chemistries and film formulations, which can create barriers to entry for new players. Strategic activities such as mergers and acquisitions are common as companies seek to expand their geographical footprint and technological capabilities. Partnerships with large industrial manufacturers for exclusive supply agreements are another defining characteristic of the market's competitive dynamics.

Type Insights

VCI Bags are available in several distinct types, each engineered for specific protective requirements and applications. The most common differentiation is based on the material composition and the structure of the film. Polyethylene-based bags are the industry standard, prized for their excellent moisture barrier properties, durability, and cost-effectiveness. These are often further categorized by thickness, measured in mils, which directly correlates to the durability of the bag and the longevity of the VCI protection. Another important type is the multi-layer co-extruded film bag, which combines layers of different polymers to achieve superior tensile strength, puncture resistance, and enhanced vapor barrier performance, making them ideal for heavy or sharp-edged metal parts and long-term storage. For applications requiring extra durability, woven polypropylene VCI bags are utilized, offering exceptional resistance to tearing and abrasion. Furthermore, bags are available with various features such as UV resistance for outdoor storage, anti-static properties for sensitive electronic components, and zip-lock closures for easy access and reusability. The choice of bag type is a critical decision influenced by the type of metal being protected, the required shelf life, and the handling conditions throughout the logistics chain.

Application Insights

The application of VCI Bags spans a vast array of industries where metal preservation is critical. In the automotive and transportation sector, these bags are indispensable for protecting engine components, braking systems, and transmission parts during overseas shipping and warehouse storage before assembly. The aerospace industry relies heavily on high-performance VCI packaging to safeguard expensive and safety-critical components like turbine blades, landing gear parts, and avionics from corrosion, adhering to strict industry specifications. Metalworking and machinery manufacturers use these bags to preserve finished goods, spare parts, and tools from the point of production to the end-user. The electronics industry employs specialized anti-static VCI bags to prevent corrosion on connectors, circuits, and precision metal parts without risking electrostatic discharge damage. The oil and gas sector utilizes heavy-duty VCI bags for protecting pipes, valves, and drilling equipment exposed to harsh, corrosive environments. Even the military and defense sector is a significant user, requiring reliable long-term preservation for equipment and weapon systems. Each application demands specific bag characteristics, driving continuous innovation in product development.

Regional Insights

The demand for VCI Bags exhibits distinct regional patterns influenced by industrial activity, economic development, and climatic conditions. The Asia Pacific region represents a dominant and rapidly growing market, fueled by its position as a global manufacturing hub, particularly in countries like China, India, Japan, and South Korea. The massive output of metal components, automotive parts, and electronics in this region creates immense demand for effective protective packaging. North America and Europe are mature yet steady markets characterized by high adoption rates across advanced manufacturing, aerospace, and defense industries. The stringent environmental and workplace safety regulations in these regions also encourage the use of clean VCI technology over traditional greases and oils. The Middle East and Africa present a unique market dynamic where the extreme heat and humidity, coupled with significant activity in the oil, gas, and construction sectors, drive the need for robust corrosion inhibition solutions. Latin America shows promising growth potential, with expanding industrial bases in Brazil and Mexico gradually increasing the adoption of advanced packaging technologies like VCI bags. Each region requires tailored marketing and product strategies to address local industrial mixes and climatic challenges.

Company Insights

The VCI Bags Market is served by a roster of established companies known for their technological expertise and global reach. Cortec Corporation is a prominent player renowned for its extensive range of VCI products and innovative, eco-friendly solutions. Daubert Cromwell is another key competitor with a long history in the corrosion prevention industry, offering a wide array of packaging options. Branopac Asia Pte Ltd. has a strong presence, particularly in the Asian market, providing effective and cost-competitive VCI packaging. Armor Protective Packaging is recognized for its high-performance products and technical customer support. Other significant contributors include MetPro Group, Oji F-Tex Co., Ltd., and Safepack Industries Ltd., each bringing specialized formulations and application knowledge to the table. These companies compete not only on product quality and price but also on the value-added services they provide, such as corrosion consulting, custom packaging design, and just-in-time delivery programs. Their strategies often involve continuous investment in research and development to create more effective and sustainable VCI chemistries, expand their product lines, and secure patents that provide a competitive edge in the marketplace.

Recent Developments

The VCI Bags Market is dynamic, with recent developments focused on innovation, sustainability, and strategic expansion. A major trend has been the accelerated development of sustainable products, leading to the launch of VCI bags made from recycled polyethylene and fully recyclable mono-material structures that do not compromise on protective performance. Companies are also introducing bio-based VCI additives derived from plant extracts as an alternative to traditional synthetic inhibitors. There has been a notable increase in strategic partnerships and acquisitions, with larger packaging conglomerates acquiring specialized VCI technology firms to bolster their portfolio and market presence. Technological advancements have led to the creation of "smart" VCI bags embedded with indicators that change color to signal when the protective vapor concentration inside the package drops below a safe level, providing users with visual assurance. Furthermore, manufacturers are expanding their production capacities in high-growth regions like Southeast Asia to better serve local demand and optimize supply chain logistics. The focus on enhancing user experience has also led to improvements in bag design, such as easier-to-open seals and clearer, multi-language instructional printing.

Report Segmentation

This comprehensive market report on VCI Bags provides a detailed analysis segmented to deliver granular insights for strategic decision-making. The segmentation is primarily structured along three core axes: type, application, and region. By type, the market is broken down to analyze the demand and trends for polyethylene bags, polypropylene bags, and other specialized material types, providing clarity on the performance and adoption rates of each. The application segmentation offers a deep dive into the usage patterns across key industries including automotive, aerospace, electronics, metalworking, and others, highlighting the specific requirements and growth drivers within each vertical. Geographically, the report segments the market into key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with further country-level analysis for major markets within these regions. This multi-dimensional segmentation allows stakeholders to identify high-growth pockets, understand competitive intensity in specific segments, and tailor their product development and marketing strategies to address the unique needs of each distinct market segment, from material innovators to end-use industry leaders.

FAQs

What are VCI bags made of?

VCI bags are primarily manufactured from polyethylene or polypropylene films. These plastics are engineered to act as a carrier for the volatile corrosion inhibitors. The film is often treated or co-extruded with specialty VCI chemicals that sublimate and form a protective layer on metal surfaces. Advanced multi-layer films are also common, combining different polymers to enhance strength, barrier properties, and the controlled release of the inhibiting vapor.

How long do VCI bags last?

The protective lifespan of a VCI bag is not indefinite and is influenced by factors such as film thickness, storage conditions, and the specific VCI formulation. Standard bags can effectively protect metals for periods typically ranging from six months to five years when the package remains sealed and undamaged. It is crucial to consult the manufacturer's specifications for the expected protective life of a particular product, especially for long-term storage projects.

Are VCI bags reusable?

VCI bags are generally designed for single use. Once a bag is opened, the protective vapor atmosphere escapes, significantly diminishing its efficacy. While a bag can be resealed if the contents are only partially removed, its ability to protect the remaining items for an extended period is compromised. For optimal protection, it is recommended to use a new VCI bag each time items are repackaged for storage or shipment.

Do VCI bags work on all metals?

While VCI technology is effective on a wide range of ferrous metals (like steel and iron) and non-ferrous metals (such as copper, brass, and aluminum), they are not universally applicable to all metals. Some specialty metals and plating finishes may require specific, tailored VCI formulations. It is essential to verify compatibility with the bag manufacturer, as an incorrect match could lead to insufficient protection or, in rare cases, adverse reactions.

How do you use VCI bags properly?

Proper usage is critical for effectiveness. Metal parts should be clean, dry, and free of pre-existing rust before being placed inside the bag. The bag must be sealed completely, using heat sealing for maximum integrity or following the manufacturer's instructions for other closure types like adhesive strips or zip locks. Bags should not be overfilled, and sharp edges should be padded to prevent punctures. Finally, stored bags should be kept in a dry environment away from direct sunlight and extreme temperature fluctuations.

Are VCI bags environmentally friendly?

The environmental profile of VCI bags is evolving. Traditional polyethylene bags are recyclable under certain programs, but the VCI additives can complicate the process. The industry is actively addressing this through innovations in biodegradable films and plant-based, non-toxic corrosion inhibitors. Many modern VCI products are designed to be safe for disposal and are compliant with environmental regulations, but users should always check the manufacturer's information on recyclability and environmental impact.

Citius Research has developed a research report titled “VCI 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

• VCI 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 VCI 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.

VCI Bags Market Segmentation

Market Segmentation

Regions Covered

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

VCI Bags Market Analysis

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

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

VCI Bags Market Key Stakeholders

Below are the key stakeholders for the VCI Bags Market:

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

VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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 VCI 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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