Wicketless 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: CR0210983
  • Format: Electronic (PDF)
  • Number of Pages: 185
  • Author(s): Joshi, Madhavi

Report Overview

The Wicketless Bags Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.90% during the forecast period (2024-2030).

Wicketless Bags Market

(Market Size)
$1.8 billion
$3 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.90%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3 billion
Key Players Amcor, Mondi, Sealed Air, Berry Global, Sonoco

Market Summary

The wicketless bags market represents a significant and evolving segment within the global packaging industry, characterized by a shift away from traditional wicket-based packaging solutions. These bags are designed without the pre-cut handle or wicket, offering a streamlined and often more cost-effective alternative for bulk packaging needs. The demand is primarily fueled by industries requiring efficient, high-speed packaging lines and end-users seeking convenience and reduced material usage. The market is witnessing steady growth as manufacturers innovate with new materials and closure technologies to enhance product integrity and user experience. Key sectors driving adoption include agriculture, food and beverage, construction, and chemicals, where the need for durable, secure, and easy-to-handle packaging is paramount. The evolution of wicketless bags is closely tied to advancements in flexible packaging technologies, focusing on improving barrier properties, sustainability credentials, and overall operational efficiency for businesses.

Key Highlights

The wicketless bags market is distinguished by several key developments that underscore its growing importance. A major highlight is the increasing integration of sustainable materials, such as recycled plastics and bio-based polymers, aligning with global corporate sustainability goals and regulatory pressures. Another significant trend is the advancement in bag design, featuring improved bottom seals, reinforced stress points, and innovative closure systems like zippers and press-to-seal strips, which enhance product protection and consumer convenience. The market is also seeing a rise in customization, with companies offering printed bags for branding and instructional purposes, adding value for end-users. Automation compatibility is a critical factor, as wicketless bags are increasingly designed to run efficiently on high-speed filling and packaging machinery, reducing downtime and labor costs. Furthermore, the expansion of application areas beyond traditional uses into sectors like e-commerce and pet food packaging demonstrates the versatility and adaptability of these packaging solutions.

Drivers, Opportunities & Restraints

The growth of the wicketless bags market is propelled by several powerful drivers. The foremost driver is the escalating demand for efficient and cost-effective packaging solutions across diverse industrial sectors, driven by the need to optimize supply chain logistics and reduce overall packaging costs. The rise of automation in packaging lines significantly favors wicketless designs due to their ease of handling and compatibility with high-speed machinery, enhancing productivity. Additionally, increasing consumer preference for convenient, resealable, and user-friendly packaging formats is pushing brands to adopt advanced wicketless options. Opportunities abound in the development of sustainable materials and circular economy models, presenting a chance for innovation and market differentiation. The expansion of end-use industries in emerging economies also offers substantial growth potential for market players. However, the market faces restraints, including volatility in raw material prices, particularly for polymers, which can impact profit margins. Stringent environmental regulations concerning plastic usage and waste management also pose challenges, necessitating continuous investment in research and development for eco-friendly alternatives.

Concentration Insights

The competitive landscape of the global wicketless bags market is characterized by a mix of large multinational corporations and specialized regional players, leading to a moderately concentrated market structure. Prominent companies such as Mondi Group, Amcor plc, and ProAmpac hold significant market shares due to their extensive product portfolios, global distribution networks, and strong focus on research and development. These industry leaders compete on factors including product innovation, material science expertise, and the ability to provide customized solutions to large-volume clients. Concurrently, numerous smaller and medium-sized enterprises concentrate on specific geographic regions or niche applications, competing through agility, cost-effectiveness, and deep customer relationships. The market concentration is also influenced by strategic mergers and acquisitions, as larger entities seek to expand their technological capabilities and geographic reach. This dynamic creates a competitive environment that fosters continuous innovation in bag design, functionality, and sustainability.

Type Insights

The wicketless bags market is segmented by type, primarily distinguished by the materials used and the specific closure mechanisms employed. Polyethylene remains the dominant material, available in various densities such as low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), prized for its flexibility, durability, and moisture resistance. Polypropylene bags are also widely used, offering superior clarity and stiffness for applications where product visibility is important. A key innovation in types is the proliferation of multi-layer laminates, which combine different materials to achieve enhanced barrier properties against oxygen, moisture, and light, crucial for protecting sensitive contents like food. In terms of closure types, the market offers a spectrum from simple open-top bags to sophisticated options with zip locks, press seals, and tear notches for easy opening. The choice of bag type is heavily influenced by the end-use application, with factors such as required strength, barrier properties, shelf appeal, and cost all playing decisive roles in selection.

Application Insights

Wicketless bags serve a vast array of applications, demonstrating their versatility within the packaging sector. The food and beverage industry is a major consumer, utilizing these bags for packaging items like flour, sugar, grains, snacks, frozen foods, and pet food, where moisture protection and durability are critical. The agricultural sector relies on them for seeds, fertilizers, and animal feed, valuing their strength and weather resistance. In the industrial and chemical domain, wicketless bags are employed for packaging fertilizers, polymers, minerals, and various chemical powders, requiring robust construction and often specific barrier properties to prevent contamination or reaction. The construction industry uses them for cement, sand, and other dry mix materials. Furthermore, the retail and e-commerce sectors are emerging as significant application areas, using these bags for non-food items where a convenient and secure package is needed. Each application demands specific performance characteristics, driving continuous customization and innovation in bag design.

Regional Insights

The demand for wicketless bags exhibits distinct regional patterns influenced by industrial development, economic activity, and regulatory frameworks. The Asia Pacific region is a dominant force in the global market, driven by rapidly expanding manufacturing sectors, particularly in China and India, alongside growth in food processing, agriculture, and construction industries. North America and Europe represent mature markets characterized by a strong emphasis on technological innovation, sustainability, and high-performance packaging solutions. In these regions, demand is shaped by strict environmental regulations and a high degree of automation in packaging processes. Latin America and the Middle East & Africa are emerging as promising markets, with growth fueled by increasing industrialization, urbanization, and investments in agricultural and food production infrastructure. Regional variations in raw material availability, labor costs, and end-user industry dynamics significantly influence local production, consumption patterns, and the competitive strategies of market players.

Company Insights

The wicketless bags market features a competitive arena with several key players driving innovation and market trends. Leading global entities such as Mondi Group, Amcor plc, and Berry Global Inc. leverage their extensive resources to invest in advanced material technologies and sustainable packaging solutions. ProAmpac is recognized for its focus on innovative flexibles and automation-friendly designs. Companies like Huhtamaki and Sonoco Products Company have strong positions, often specializing in specific material types or end-use applications like food packaging. These corporations compete through extensive research and development efforts, aiming to create bags with improved functionality, reduced environmental impact, and enhanced cost-efficiency. The strategic focus for these companies includes expanding their product portfolios through organic growth and targeted acquisitions, strengthening their global footprint, and forging strong partnerships with major brand owners to develop tailored packaging solutions that meet evolving market demands.

Recent Developments

The wicketless bags market is dynamic, with recent developments reflecting the industry's response to evolving challenges and opportunities. A prominent trend is the accelerated investment in sustainable and circular economy initiatives. Major players are launching bags made with higher percentages of post-consumer recycled (PCR) content and developing mono-material structures that are easier to recycle, addressing end-of-life concerns. There is also a significant push towards developing compostable and bio-based alternatives to conventional plastics. Technologically, advancements are focused on enhancing automation compatibility, with new bag designs that ensure reliable performance on high-speed filling lines, reducing jams and waste. Furthermore, recent mergers and acquisitions have been strategic, aimed at consolidating market position, acquiring novel technologies, or expanding into new geographic territories. Companies are also increasingly collaborating with recycling organizations and brand owners to create closed-loop systems, underscoring a industry-wide commitment to environmental responsibility.

Report Segmentation

This comprehensive market research report on the wicketless bags market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry landscape. The segmentation is meticulously designed to cater to the strategic needs of businesses and investors. The report is segmented by material type, which includes polypropylene, polyethylene, and other innovative materials, detailing the properties and market share of each. It is further segmented by product type, covering variations like pinch bottom bags, block bottom bags, and gusseted bags, each with distinct structural advantages. The application segmentation provides deep insights into key end-use industries such as food and beverage, agriculture, chemicals, building and construction, and others, analyzing the specific demands and growth prospects within each sector. Geographically, the report offers a thorough regional analysis, covering North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, highlighting regional trends, key players, and growth drivers. This multi-faceted segmentation enables stakeholders to identify niche opportunities and make informed, data-driven decisions.

FAQs

What are wicketless bags primarily used for?

Wicketless bags are primarily used for the bulk packaging of dry flowable products across numerous industries. Their main applications include packaging food products like flour, sugar, and pet food, agricultural supplies such as seeds and fertilizers, industrial materials including chemicals and minerals, and construction materials like cement and sand. The design offers a efficient and often more economical solution for packaging, handling, and distribution.

What materials are commonly used to make wicketless bags?

Common materials used in the manufacture of wicketless bags include various forms of polyethylene, such as low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), which provide flexibility and durability. Polypropylene is also widely used for its clarity and stiffness. Increasingly, manufacturers are incorporating multi-layer laminates and materials with recycled content or bio-based origins to meet performance and sustainability requirements.

How do wicketless bags differ from traditional wicket bags?

The fundamental difference lies in the absence of a pre-punched wicket or handle. Traditional wicket bags have a cardboard or plastic wicket inserted through pre-cut holes, which is used for mounting on packaging equipment. Wicketless bags eliminate this component, often relying on different feeding mechanisms on automated equipment. This can lead to reduced material usage, lower costs, and sometimes simpler handling, though it may require specific compatible machinery.

What are the advantages of using wicketless bags?

Key advantages of wicketless bags include potential cost savings from the elimination of the wicket component, reduced material usage, and high compatibility with modern automated packaging systems, leading to increased line efficiency. They often offer a cleaner aesthetic for retail presentation and can be designed with various user-friendly features like resealable zippers or easy-tear openings, enhancing consumer convenience.

Which industries are the largest consumers of wicketless bags?

The largest consumers of wicketless bags are the food and beverage industry, the agricultural sector, and the industrial and chemical industry. These sectors value the bags for their ability to securely package large volumes of dry goods, provide necessary barrier protections, and integrate seamlessly into high-volume production and distribution workflows. The construction industry is also a significant consumer for packaging bulk materials.

Are there sustainable options available in the wicketless bags market?

Yes, the market is increasingly focused on providing sustainable options. This includes bags made from recycled plastics, often containing post-consumer recycled (PCR) content. There is also development in bio-based and compostable polymers designed to break down more easily in appropriate conditions. Furthermore, innovations in design for recyclability, such as mono-material structures, are being pursued to improve the environmental profile of wicketless bags.

Citius Research has developed a research report titled “Wicketless 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

• Wicketless 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 Wicketless 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.

Wicketless Bags Market Segmentation

Market Segmentation

Regions Covered

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

Wicketless Bags Market Analysis

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

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

Wicketless Bags Market Key Stakeholders

Below are the key stakeholders for the Wicketless Bags Market:

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

Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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 Wicketless 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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