Direct to Garment Printing 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: CR0209861
  • Format: Electronic (PDF)
  • Number of Pages: 189
  • Author(s): Joshi, Madhavi

Report Overview

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

Direct to Garment Printing Market

(Market Size)
$1.8 billion
$3.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.70%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.2 billion
Key Players Kornit Digital, Brother, Epson, Mimaki, Roland DG

Market Summary

The direct to garment printing market is an innovative segment within the packaging industry, leveraging digital printing technology to apply designs directly onto textile substrates. This method is increasingly adopted for its ability to produce high-quality, durable, and customized prints on various garments, including those used in promotional and retail packaging contexts. The process eliminates the need for traditional screens or transfers, allowing for efficient short-run production and rapid turnaround times, which is highly valued in dynamic packaging applications. Businesses utilize DTG printing for creating branded apparel, personalized packaging elements, and unique promotional items that enhance product presentation and consumer engagement. The market is characterized by advancements in ink formulations and printer technologies, enabling vibrant colors and intricate designs on natural fabrics like cotton, which are prevalent in packaging-related textiles. As sustainability becomes a critical concern, DTG printing is noted for its reduced waste compared to conventional methods, aligning with eco-friendly packaging initiatives. The integration of DTG systems with digital design tools facilitates seamless customization, catering to the growing demand for personalized packaging solutions in e-commerce and retail sectors.

Key Highlights

The direct to garment printing market offers several key highlights that distinguish it within the packaging industry. One significant aspect is its ability to support on-demand production, reducing inventory costs and minimizing waste, which is crucial for sustainable packaging practices. The technology enables high-resolution printing with exceptional detail and color fidelity, making it ideal for branding and decorative applications on textile-based packaging materials. Companies benefit from the versatility of DTG printers, which can handle a wide range of garment types and sizes, from small labels to large packaging inserts, without requiring extensive setup changes. Another highlight is the compatibility with water-based inks, which are environmentally friendly and produce soft, breathable prints that meet consumer preferences for non-toxic packaging components. The market is also driven by innovations in pretreatment solutions that enhance print durability and wash fastness, ensuring long-lasting quality for packaging applications. Additionally, DTG printing supports rapid prototyping and small-batch production, allowing businesses to test designs quickly and respond to market trends efficiently. These advantages position DTG printing as a valuable technology for enhancing packaging aesthetics and functionality.

Drivers, Opportunities & Restraints

The direct to garment printing market is propelled by several drivers, including the rising demand for customized and personalized packaging solutions. Businesses seek to differentiate their products through unique designs and branding, which DTG printing facilitates with its flexibility and efficiency. The growth of e-commerce has further accelerated this demand, as online retailers use customized packaging to enhance unboxing experiences and build brand loyalty. Opportunities abound in the expansion into new application areas, such as sustainable packaging made from organic textiles, where DTG's eco-friendly inks and processes align with green initiatives. Additionally, technological advancements in printer speed and ink formulations present opportunities for scaling production and entering high-volume markets. However, the market faces restraints, including the high initial investment in DTG equipment and the need for skilled operators to maintain print quality. Substrate limitations also pose challenges, as DTG printing is most effective on cotton and cotton-blend fabrics, restricting its use with synthetic materials common in some packaging applications. Economic fluctuations and raw material cost volatility can impact market growth, but overall, the drivers and opportunities outweigh these restraints, fostering a positive outlook.

Concentration Insights

The concentration of the direct to garment printing market reveals a landscape with a mix of established players and emerging innovators, particularly in regions with strong textile and packaging industries. Key market participants are concentrated in North America and Europe, where technological adoption and demand for customized packaging are high. Companies in these regions focus on developing advanced DTG printers and inks that offer improved efficiency and environmental benefits. Asia-Pacific is also a significant hub, driven by robust manufacturing capabilities and growing domestic demand for branded packaging solutions. The market exhibits a moderate level of fragmentation, with several niche players specializing in specific applications, such as promotional packaging or luxury garment labels. Collaboration between printer manufacturers and packaging companies is common, leading to integrated solutions that enhance print quality and application versatility. This concentration dynamic encourages innovation and competitive pricing, benefiting end-users seeking reliable DTG printing services for packaging needs. As the market evolves, consolidation through mergers and acquisitions may occur, strengthening the position of leading companies while fostering technological advancements.

Type Insights

In the direct to garment printing market, types of printers and inks play a critical role in determining application suitability for packaging. The primary types include single-head and multi-head DTG printers, with multi-head systems offering higher production speeds and efficiency for large-scale packaging operations. In terms of inks, water-based inks dominate due to their eco-friendly properties and ability to produce soft, vibrant prints on natural fibers, which are preferred in packaging for comfort and sustainability. Pigment inks are also used for their durability and resistance to fading, making them ideal for packaging items that require frequent handling or washing. Additionally, pretreatment solutions are a key type category, as they prepare garment surfaces for optimal ink adhesion and color brilliance, essential for high-quality packaging aesthetics. The choice between these types depends on factors such as production volume, fabric material, and desired print characteristics, with businesses often investing in versatile systems that accommodate various packaging needs. Advances in inkjet technology continue to introduce new types, such as latex-based inks, which expand application possibilities beyond traditional textiles.

Application Insights

Applications of direct to garment printing in the packaging industry are diverse and impactful. One prominent application is in the production of branded apparel used as packaging elements, such as custom t-shirts for product promotions or retail packaging inserts. DTG printing is also utilized for creating personalized labels and tags attached to garments, enhancing brand identity and providing product information in a visually appealing manner. In the realm of promotional packaging, businesses leverage DTG to produce limited-edition designs on textile bags or wraps, adding value and exclusivity to their offerings. Another application involves printing on packaging materials made from fabric, like drawstring bags or pouches, which are increasingly popular in eco-conscious markets due to their reusability. Additionally, DTG printing supports the customization of packaging for events and corporate gifts, where unique designs help reinforce brand messaging. The technology's ability to handle small batches efficiently makes it suitable for niche packaging applications, such as artisanal products or startup branding, where flexibility and quick turnaround are essential.

Regional Insights

Regionally, the direct to garment printing market demonstrates varied dynamics influenced by local industry trends and consumer preferences. North America leads in adoption, driven by a strong packaging sector that emphasizes customization and rapid delivery, with the United States being a major hub for DTG technology innovation and implementation. Europe follows closely, with countries like the United Kingdom and Germany focusing on sustainable packaging solutions, where DTG's eco-friendly attributes align with regulatory and consumer demands. The Asia-Pacific region is experiencing rapid growth, fueled by expanding e-commerce and manufacturing capabilities in China and India, where cost-effective DTG printing supports mass customization for packaging applications. Latin America and the Middle East & Africa are emerging markets, with increasing interest in branded packaging driving gradual adoption, though infrastructure challenges may slow growth. Overall, regional insights highlight a global trend towards integrating DTG printing into packaging strategies, with developed regions leading in technological advancement and emerging regions offering growth potential through increasing industrialization and consumer awareness.

Company Insights

Key companies in the direct to garment printing market include Kornit Digital, Brother Industries, and Mimaki Engineering, which are renowned for their innovative printer technologies and solutions tailored for packaging applications. Kornit Digital focuses on sustainable, high-speed DTG systems that cater to large-scale packaging production, while Brother Industries offers user-friendly printers ideal for small to medium businesses entering customized packaging. Mimaki Engineering provides advanced inkjet solutions with vibrant color options, appealing to luxury packaging segments. Other notable players like AnaJet and ROQ International emphasize durability and efficiency, supporting diverse packaging needs from promotional items to retail labels. These companies invest heavily in research and development to enhance print quality, reduce environmental impact, and expand substrate compatibility, ensuring their technologies meet evolving packaging industry standards. Partnerships with packaging firms and distributors are common strategies to broaden market reach and provide integrated services. The competitive landscape is marked by continuous innovation, with companies striving to offer cost-effective, reliable DTG solutions that empower businesses to create distinctive packaging designs.

Recent Developments

Recent developments in the direct to garment printing market reflect a focus on technological advancements and sustainability. Companies have introduced new printer models with enhanced speed and precision, reducing production times for packaging applications while maintaining high print quality. Innovations in ink formulations, such as the development of more durable and eco-friendly water-based inks, align with the packaging industry's shift towards greener practices. Additionally, there is a growing emphasis on integrating artificial intelligence and automation into DTG systems, streamlining workflows and minimizing human error for consistent packaging outputs. Strategic collaborations between printer manufacturers and packaging suppliers have emerged, aiming to create end-to-end solutions that simplify the customization process for businesses. These developments also include expansions into emerging markets, where infrastructure improvements are facilitating adoption. Overall, the market is evolving rapidly, with recent trends highlighting a commitment to efficiency, sustainability, and expanded application possibilities, ensuring DTG printing remains a vital technology for innovative packaging solutions.

Report Segmentation

This report on the direct to garment printing market is segmented to provide comprehensive insights for packaging industry stakeholders. The segmentation includes by type, covering printers such as single-head and multi-head systems, as well as inks like water-based and pigment-based varieties, and pretreatment solutions essential for print quality. By application, the report examines uses in branded apparel packaging, personalized labels, promotional packaging, fabric-based packaging materials, and corporate gifting. Regional segmentation analyzes market performance across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting key trends and growth areas. Additionally, the report delves into company insights, profiling major players and their strategies, and includes sections on market drivers, opportunities, restraints, and recent developments. This structured approach ensures a detailed understanding of how DTG printing integrates into packaging, aiding businesses in making informed decisions based on specific segments relevant to their operations.

FAQs

What is direct to garment printing? Direct to garment printing is a digital method that applies designs directly onto textiles using specialized inkjet technology, ideal for creating customized packaging elements like branded apparel or labels.

How does DTG printing benefit the packaging industry? It offers on-demand production, reduces waste, and enables high-quality, customizable designs that enhance brand identity and consumer engagement in packaging applications.

What are the key drivers of the DTG printing market? Drivers include rising demand for personalized packaging, growth in e-commerce, and advancements in eco-friendly printing technologies that support sustainability initiatives.

Which regions lead in DTG printing adoption? North America and Europe are leaders due to strong packaging sectors and technological adoption, while Asia-Pacific is growing rapidly with increasing manufacturing and customization demands.

What types of inks are used in DTG printing? Water-based inks are prevalent for their environmental benefits and soft prints, though pigment inks are also used for durability in packaging applications requiring wash resistance.

Who are the major companies in the DTG printing market? Key players include Kornit Digital, Brother Industries, and Mimaki Engineering, which provide innovative printers and inks tailored for packaging needs.

Citius Research has developed a research report titled “Direct to Garment Printing 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

• Direct to Garment Printing 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 Direct to Garment Printing 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.

Direct to Garment Printing Market Segmentation

Market Segmentation

Regions Covered

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

Direct to Garment Printing Market Analysis

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

• Overview of Direct to Garment Printing Market
• Research Methodology
• Executive Summary
• Market Dynamics of Direct to Garment Printing 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 Direct to Garment Printing Market
• Cost and Gross Margin Analysis of Direct to Garment Printing Market
• Direct to Garment Printing 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 “Direct to Garment Printing 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.

Direct to Garment Printing Market Key Stakeholders

Below are the key stakeholders for the Direct to Garment Printing Market:

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

Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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For further details request a free sample copy of this report here.
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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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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 Direct to Garment Printing 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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