Aerosol Packaging Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209470
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The Aerosol Packaging Market size was estimated at USD 9.5 billion in 2023 and is projected to reach USD 16 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Aerosol Packaging Market

(Market Size)
$9.5 billion
$16 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 9.5 billion
2030 Market Size USD 16 billion
Key Players Ball Corporation, Crown Holdings, Ardagh Group, CCL Industries, DS Smith

Market Summary

The aerosol packaging market is a vital segment within the global packaging industry, primarily focused on the production and distribution of containers, valves, and propellant systems used for dispensing products in spray form. This market serves a diverse range of sectors including personal care, household, automotive, industrial, food, and pharmaceutical industries. The fundamental appeal of aerosol packaging lies in its ability to provide controlled, precise, and hygienic product delivery, enhancing user convenience and product efficacy. The packaging typically consists of a canister, which is often made from tin-plated steel or aluminum, a valve mechanism that regulates the flow, and a propellant that expels the contents. The industry is characterized by continuous innovation aimed at improving sustainability, safety, and performance. Manufacturers are increasingly focused on developing eco-friendly propellants and lightweighting materials to reduce environmental impact. The demand for aerosol packaging is consistently driven by end-user industries that require efficient and reliable dispensing solutions for their products.

Key Highlights

The aerosol packaging market is distinguished by several key factors that underscore its importance and growth trajectory. A significant highlight is the relentless push towards sustainable solutions, with leading companies investing in recyclable materials and alternative propellants with lower global warming potential. The versatility of aerosol applications remains a cornerstone, enabling its use from hairsprays and deodorants to whipped cream and automotive lubricants. Technological advancements in valve design have led to more precise dispensing, reduced product waste, and enhanced consumer safety. The market is also witnessing a trend of customization, where brand owners seek unique shapes, sizes, and printing on cans to improve shelf appeal and brand differentiation. Furthermore, stringent regulatory standards governing the use of propellants and materials ensure high product safety and environmental compliance, shaping innovation within the sector. The robustness of the supply chain, involving raw material suppliers, can manufacturers, and fillers, is another critical aspect that ensures market stability and product availability.

Drivers, Opportunities & Restraints

The growth of the aerosol packaging market is propelled by several key drivers. The rising consumer demand for convenience and controlled-dosage products across personal care and household care segments is a primary force. The expansion of the pharmaceutical industry, particularly for topical and inhalable drug delivery systems, also provides significant impetus. Furthermore, the growing automotive aftermarket, which utilizes aerosols for products like lubricants and cleaners, contributes to steady demand. The market presents substantial opportunities, most notably in the development and adoption of sustainable packaging. This includes the use of compressed gases as propellants, increased incorporation of recycled materials, and designs that minimize material usage without compromising integrity. The exploration of new applications in emerging economies and niche segments like gourmet foods offers avenues for expansion. However, the market faces notable restraints. Stringent environmental regulations concerning volatile organic compound (VOC) emissions and the use of certain propellants can increase compliance costs and limit formulation options. Fluctuations in the prices of raw materials such as aluminum and steel impact production costs and profitability. Consumer perception and safety concerns regarding the pressurised nature of the packaging also pose challenges that the industry must continuously address through education and innovation.

Concentration Insights

The competitive landscape of the global aerosol packaging market is a mix of large multinational corporations and specialized regional players, indicating a moderately concentrated industry. A handful of major companies hold significant market share due to their extensive global production facilities, diverse product portfolios, and strong relationships with key end-user brands. These leading players compete on factors such as technological innovation, product quality, cost-effectiveness, and geographic reach. They often engage in strategic activities like mergers, acquisitions, and partnerships to consolidate their market position and expand into new regions or application segments. Alongside these giants, numerous smaller and medium-sized enterprises thrive by focusing on specific geographic markets, offering customized solutions, or specializing in particular types of aerosol components like valves or actuators. The concentration is also influenced by high capital investment requirements for manufacturing facilities and the need for consistent adherence to international quality and safety standards, which can be a barrier to entry for new competitors.

Type Insights

The aerosol packaging market is segmented by the type of material used for the container, with metals dominating the landscape. Metal cans, primarily fabricated from aluminum and tin-plated steel, represent the vast majority of aerosol packaging due to their excellent barrier properties, strength to withstand high pressure, and high recyclability. Aluminum cans are particularly favored for their lightweight nature, corrosion resistance, and superior malleability, allowing for intricate shaping and design. Tin-plated steel is valued for its robustness and is often used for larger containers or products requiring a higher degree of structural integrity. While less common, other materials like glass and plastics are used for specific niche applications where product compatibility or aesthetic appeal is a priority. However, their use is limited by their inability to handle internal pressure as effectively as metals. The choice of material is a critical decision for brand owners, influenced by factors such as product compatibility, sustainability goals, cost considerations, and desired shelf presence.

Application Insights

The application spectrum for aerosol packaging is remarkably broad, underpinning its widespread adoption. The personal care industry is the largest application segment, utilizing aerosols for a vast array of products including deodorants, antiperspirants, hairsprays, mousses, shaving foams, and sun care sprays. The convenience and hygienic application offered by aerosols are highly valued by consumers in this sector. The household segment is another major consumer, with products like air fresheners, insecticides, fabric fresheners, cleaning agents, and oven cleaners relying on this packaging for effective dispersal. The automotive and industrial segment uses aerosols for lubricants, degreasers, rust inhibitors, and paints. The food industry employs aerosol packaging for products such as cooking oils, whipped cream, and cheese spreads, where the packaging must meet stringent food-grade safety standards. Lastly, the pharmaceutical industry represents a high-value application area for metered-dose inhalers (MDIs) and topical sprays, where precision dosing and sterility are paramount.

Regional Insights

The demand for aerosol packaging exhibits distinct regional variations influenced by economic development, consumer lifestyles, and industrial activity. North America and Europe are mature and well-established markets. They are characterized by high per capita consumption, particularly in the personal care and household sectors, and are at the forefront of adopting sustainable packaging innovations and regulatory standards. The Asia Pacific region is identified as the fastest-growing market, driven by its rapidly expanding population, rising disposable incomes, urbanization, and the growing penetration of international personal care and household brands. Countries like China, India, and Japan are major contributors to this growth. Latin America and the Middle East and Africa are emerging markets showing steady growth potential. Growth in these regions is fueled by economic development, increasing awareness of branded consumer goods, and the expansion of retail infrastructure. However, these regions may also face challenges related to economic volatility and less developed recycling infrastructure compared to their Western counterparts.

Company Insights

The aerosol packaging market features a competitive arena with several key players striving for leadership through innovation and global reach. Prominent companies involved in the manufacturing of aerosol cans include Ball Corporation, Crown Holdings Inc., and Ardagh Group S.A., which are recognized for their extensive production capabilities and focus on sustainable metal packaging. In the critical component sector, AptarGroup, Inc. and Precision Valve Corporation are leading suppliers of valves, actuators, and dispensing systems, providing crucial technology for precise product delivery. Other significant participants include CCL Industries Inc., which offers a range of packaging solutions, and Spraytec Inc., which focuses on filling and packaging services. These companies compete intensely on the basis of product development, such as creating more environmentally friendly valves and lightweight cans, manufacturing efficiency, and their ability to provide integrated solutions to major fast-moving consumer goods (FMCG) brands worldwide. The strategies often involve global expansion and catering to the specific needs of diverse application industries.

Recent Developments

The aerosol packaging industry is dynamic, with recent developments primarily centered on sustainability, technological advancement, and strategic growth. A major trend has been the accelerated shift towards environmentally responsible solutions. This includes increased production of cans using recycled aluminum, development of propellant systems based on compressed air or nitrogen to replace traditional hydrofluorocarbons (HFCs), and innovations in lightweighting to reduce material usage. There is also a growing focus on mono-material packaging to enhance recyclability. Technologically, companies are introducing smart and connected dispensing systems that can interface with digital devices for usage tracking. In terms of corporate strategy, market players have been engaging in mergers and acquisitions to bolster their technological portfolios and expand their geographic footprint. Furthermore, investments have been directed towards modernizing production facilities with automation and Industry 4.0 technologies to improve efficiency, reduce waste, and ensure consistent quality in high-volume manufacturing environments.

Report Segmentation

This comprehensive market research report on the aerosol packaging industry provides a detailed analysis structured through meticulous segmentation. The report is segmented by material type, delving into the dynamics of aluminum, tin-plated steel, and other materials, analyzing their market share, growth patterns, and application suitability. It is further segmented by product type, examining the market for various containers, valves, and actuators, providing insights into technological trends and innovation in component design. A crucial segmentation is by application, offering an in-depth view of demand drivers and future prospects within key end-use industries including personal care, household, automotive & industrial, food, pharmaceutical, and others. The report also includes a thorough regional segmentation, covering North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, highlighting regional trends, growth rates, and competitive landscapes. This multi-faceted segmentation allows for a granular understanding of the market, enabling stakeholders to identify specific growth pockets, understand competitive intensity, and make informed strategic decisions.

FAQs

What are the different types of aerosol packaging? Aerosol packaging primarily consists of a container (most commonly made from aluminum or tin-plated steel), a valve assembly that controls the flow of the product, and a propellant that creates the pressure to expel the contents. The valve assembly itself includes components like the mounting cup, stem, gasket, and actuator.

What materials are used to make aerosol cans? The vast majority of aerosol cans are manufactured from metals, specifically aluminum and tin-plated steel. These materials are chosen for their strength to contain pressure, excellent barrier properties to protect the product, and high recyclability. Plastics and glass are used in very limited, specialized applications.

What is the future of the aerosol packaging market? The future of the aerosol packaging market is strongly oriented towards sustainability. This involves a continued shift towards environmentally friendly propellants like compressed gases, increased use of recycled materials in can production, lightweighting initiatives, and designs for easier recycling. Innovation in dispensing technology and expansion in emerging markets are also key future trends.

Which region has the highest demand for aerosol packaging? Traditionally, North America and Europe have represented the regions with the highest consumption of aerosol packaging due to mature consumer markets. However, the Asia Pacific region is now experiencing the highest growth rate and is rapidly becoming a major demand center, driven by its large population and growing middle class.

Who are the leading companies in the aerosol packaging market? The market includes leading can manufacturers such as Ball Corporation, Crown Holdings Inc., and Ardagh Group S.A. For valve and dispensing systems, key players include AptarGroup, Inc. and Precision Valve Corporation. Other significant companies are CCL Industries Inc. and various regional packaging specialists.

What are the major applications of aerosol packaging? The major applications are widespread across several industries. The largest is the personal care sector for products like deodorants and hairsprays. This is followed by the household industry for air fresheners and cleaners, the automotive/industrial sector for lubricants and paints, and the food industry for products like whipped cream. Pharmaceutical applications for inhalers are also significant.

Citius Research has developed a research report titled “Aerosol Packaging 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

• Aerosol Packaging 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 Aerosol Packaging 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.

Aerosol Packaging Market Segmentation

Market Segmentation

Regions Covered

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

Aerosol Packaging Market Analysis

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

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

Aerosol Packaging Market Key Stakeholders

Below are the key stakeholders for the Aerosol Packaging Market:

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

Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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 Aerosol Packaging 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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