Block Sack 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: CR0209587
  • Format: Electronic (PDF)
  • Number of Pages: 184
  • Author(s): Joshi, Madhavi

Report Overview

The Block Sack Market size was estimated at USD 420 million in 2023 and is projected to reach USD 730 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.30% during the forecast period (2024-2030).

Block Sack Market

(Market Size)
$420 million
$730 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.30%
2023 Market Size USD 420 million
2030 Market Size USD 730 million
Key Players Bulk Lift International, Berry Global, LC Packaging, Conitex Sonoco, Greif

Market Summary

The block sack market is a specialized segment within the industrial packaging industry, focusing on the production and distribution of high-strength, woven polypropylene sacks designed for heavy-duty applications. These sacks are engineered to handle bulk materials such as construction aggregates, minerals, chemicals, and agricultural products, offering superior durability, tear resistance, and load-bearing capacity. The market is characterized by its critical role in supply chains across sectors like building and construction, mining, and agriculture, where safe and efficient transportation of coarse, heavy materials is paramount. Advancements in material technology and manufacturing processes have led to the development of sacks with enhanced protective features, including UV resistance, moisture barriers, and custom printing for branding and compliance labeling. The demand is largely driven by global industrialization, infrastructure development projects, and the expanding agricultural output in emerging economies. Key manufacturers are continuously innovating to meet stringent industry standards and environmental regulations, with a growing emphasis on recyclable and sustainable material options to align with circular economy principles.

Key Highlights

The block sack market distinguishes itself through several key attributes that underscore its importance in heavy-duty packaging solutions. These sacks are renowned for their exceptional tensile strength and puncture resistance, ensuring the integrity of contents during handling, storage, and transit. A significant highlight is their versatility; they are available in various sizes, fabric types, and closure systems to cater to specific industry requirements, such as valve sacks for dust-free filling or open-mouth designs for easy access. The market has seen increased adoption of laminated and coated variants that provide additional barriers against moisture, contaminants, and UV radiation, extending the shelf life of products and maintaining quality. Customization capabilities, including high-definition printing for logos, handling instructions, and safety warnings, offer added value for brand differentiation and regulatory compliance. Furthermore, the industry is witnessing a shift towards sustainable practices, with leading players investing in eco-friendly materials and production techniques to reduce environmental impact. The robustness and reliability of block sacks make them indispensable in sectors where product safety and logistical efficiency are critical, reinforcing their steady demand globally.

Drivers, Opportunities & Restraints

The block sack market is propelled by several drivers, including the ongoing expansion of the construction and mining industries worldwide, which require reliable packaging for aggregates, cement, and minerals. Growth in agricultural activities, particularly in developing regions, boosts demand for sacks in storing and transporting fertilizers, animal feed, and grains. Infrastructure development projects funded by governmental initiatives further stimulate market growth. Opportunities abound in the innovation of sustainable materials, such as recycled polypropylene and bio-based polymers, catering to the increasing consumer and regulatory pressure for environmentally responsible packaging. The rise of e-commerce and improved logistics networks also present avenues for market expansion, facilitating easier distribution and accessibility. However, the market faces restraints like volatility in raw material prices, which can impact production costs and profit margins. Stringent environmental regulations regarding plastic usage and waste management pose challenges, necessitating investments in compliance and alternative materials. Additionally, competition from alternative packaging solutions, such as bulk containers and flexible intermediate bulk containers (FIBCs), may limit growth in certain applications, requiring continuous product differentiation and value addition.

Concentration Insights

The block sack market exhibits a concentrated competitive landscape with a mix of global players and regional manufacturers dominating the industry. Key companies such as Mondi Group, Berry Global Inc., and LC Packaging International have established strong market positions through extensive product portfolios, advanced manufacturing capabilities, and global distribution networks. These leaders focus on strategic initiatives like mergers and acquisitions, capacity expansions, and technological innovations to strengthen their foothold and cater to diverse regional demands. The market concentration is higher in developed regions like North America and Europe, where stringent quality standards and sustainability mandates drive consolidation among compliant manufacturers. In contrast, emerging economies in Asia-Pacific and Latin America show a more fragmented structure with numerous local players competing on price and customization, though gradually adopting advanced practices to meet international standards. The concentration is influenced by factors such as access to raw materials, production expertise, and the ability to offer value-added services, with larger players often leading in innovation and sustainability efforts, while smaller entities focus on niche applications and cost-effective solutions.

Type Insights

In the block sack market, products are primarily categorized based on material type, construction, and specific features tailored to end-use requirements. Common types include laminated block sacks, which incorporate additional layers for enhanced moisture and UV protection, making them ideal for outdoor storage and sensitive contents like chemicals and fertilizers. Non-laminated variants are cost-effective and widely used for less demanding applications where basic protection suffices. Another distinction lies in the fabric weave, with high-density polypropylene offering superior strength for heavy loads, while standard weaves cater to general-purpose needs. Valve sacks, designed for automated filling processes, minimize dust emission and are preferred in industries like cement and pigments, whereas open-mouth sacks allow for easy manual filling and access. Recent innovations include sacks with breathable materials for agricultural products requiring ventilation and those with anti-static properties for hazardous environments. The choice of type depends on factors such as product characteristics, handling conditions, and regulatory requirements, with manufacturers continuously developing specialized options to address evolving industry needs and enhance performance metrics.

Application Insights

Block sacks find extensive applications across multiple industries due to their robustness and adaptability. In the construction sector, they are predominantly used for packaging cement, sand, gravel, and other building materials, ensuring safe transportation and storage on job sites. The agricultural industry relies on these sacks for storing and distributing fertilizers, animal feed, seeds, and grains, where protection from moisture and pests is crucial. In mining and minerals, block sacks facilitate the handling of ores, coal, and minerals, offering durability against abrasive materials. Chemical and fertilizer manufacturers utilize specialized sacks with chemical resistance and barrier properties to prevent contamination and leakage. Additionally, they are employed in the food industry for bulk items like sugar and flour, adhering to food safety standards. Each application demands specific sack characteristics; for instance, construction applications prioritize tear strength, while food applications focus on hygiene and compliance. The versatility of block sacks allows them to meet diverse needs, driven by industry-specific requirements and the ongoing trend towards efficient, sustainable packaging solutions that enhance supply chain logistics.

Regional Insights

The block sack market demonstrates varied growth patterns across regions, influenced by industrial activities, economic development, and regulatory frameworks. Asia-Pacific leads in demand, driven by rapid urbanization, infrastructure projects, and agricultural expansion in countries like China, India, and Southeast Asian nations, where increased construction and farming activities necessitate robust packaging solutions. North America and Europe represent mature markets characterized by stringent environmental regulations and a high adoption of sustainable and advanced sack varieties, with focus on recycling and reduced plastic usage. These regions see steady demand from well-established construction, chemical, and agricultural sectors. Latin America and the Middle East & Africa are emerging as significant markets, fueled by growing investments in infrastructure and mining, though challenges like economic volatility and limited manufacturing capabilities persist. Regional differences also arise in material preferences and customization needs; for example, Europe emphasizes eco-friendly options, while Asia-Pacific often prioritizes cost-effectiveness. Overall, regional insights highlight the importance of tailoring products to local industrial trends and regulatory environments to capitalize on growth opportunities.

Company Insights

Prominent companies in the block sack market include Mondi Group, Berry Global Inc., LC Packaging International, and Manyan Inc., among others. These players are recognized for their extensive expertise, innovative product developments, and strong global presence. Mondi Group focuses on sustainable packaging solutions, offering sacks made from recycled materials and investing in circular economy initiatives. Berry Global Inc. leverages its advanced manufacturing technologies to produce high-performance sacks with enhanced protective features for diverse industries. LC Packaging International emphasizes customization and value-added services, providing tailored solutions for specific customer needs in agriculture and chemicals. Manyan Inc. is noted for its focus on heavy-duty applications, particularly in construction and mining, with products designed for extreme conditions. These companies engage in strategic activities such as capacity expansions, partnerships, and R&D investments to maintain competitiveness and address evolving market demands. Their efforts are geared towards improving product durability, sustainability, and compliance with international standards, ensuring they meet the rigorous requirements of end-users while navigating challenges like raw material price fluctuations and environmental regulations.

Recent Developments

Recent developments in the block sack market reflect a strong industry focus on sustainability, technological innovation, and strategic growth. Key players have launched new product lines incorporating recycled polypropylene and biodegradable materials to reduce environmental impact and align with circular economy goals. For instance, introductions of sacks with enhanced recyclability and reduced plastic content have gained traction in response to regulatory pressures and consumer preferences. Technological advancements include the adoption of automated manufacturing processes that improve efficiency and product consistency, as well as the integration of smart features like QR codes for traceability. Mergers and acquisitions have been prevalent, with larger companies acquiring regional manufacturers to expand their geographic reach and product portfolios. Capacity expansion projects in high-growth regions like Asia-Pacific aim to meet rising demand from construction and agricultural sectors. Additionally, collaborations with end-users for custom solutions and compliance with international standards, such as those for food safety and hazardous materials, are key trends. These developments underscore the market's dynamic nature, driven by innovation and adaptation to global challenges and opportunities.

Report Segmentation

This market research report on the block sack industry provides a detailed segmentation to offer comprehensive insights into various aspects of the market. The segmentation is based on type, distinguishing between laminated and non-laminated sacks, as well as by fabric density and closure systems like valve or open-mouth. Application segmentation covers key sectors such as construction, agriculture, mining and minerals, chemicals and fertilizers, and food, highlighting specific requirements and growth prospects for each. Regional segmentation analyzes market performance across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional trends, drivers, and challenges. Additionally, the report includes segmentation by material, focusing on polypropylene and other polymers, and by capacity, addressing different load-bearing needs. This structured approach allows for a thorough understanding of market dynamics, enabling stakeholders to identify opportunities, assess competitive landscapes, and make informed decisions based on granular data and analysis tailored to specific segments.

FAQs

What materials are commonly used in block sacks? Block sacks are primarily manufactured from woven polypropylene due to its high strength, durability, and cost-effectiveness. Other materials include polyethylene and sometimes recycled or bio-based polymers for sustainable options.

What industries use block sacks the most? The construction industry is a major user for materials like cement and aggregates, followed by agriculture for fertilizers and feed, and mining for minerals and ores.

How do block sacks compare to FIBCs? Block sacks are generally smaller and used for heavier, coarse materials, offering high puncture resistance, while FIBCs are larger bulk containers suited for finer powders and granules.

Are there eco-friendly block sack options? Yes, manufacturers now produce block sacks from recycled plastics or biodegradable materials, aligning with environmental regulations and sustainability trends.

What are the key features to consider when choosing block sacks? Important features include tensile strength, UV resistance, moisture barrier properties, closure type, and compliance with industry standards for safety and performance.

Who are the leading players in the block sack market? Major companies include Mondi Group, Berry Global Inc., LC Packaging International, and Manyan Inc., known for their innovation and global market presence.

Citius Research has developed a research report titled “Block Sack 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

• Block Sack 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 Block Sack 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.

Block Sack Market Segmentation

Market Segmentation

Regions Covered

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

Block Sack Market Analysis

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

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

Block Sack Market Key Stakeholders

Below are the key stakeholders for the Block Sack Market:

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

Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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 Block Sack 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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