The Packer Bottle Market size was USD 5.59 billion in 2023 and is expected to Reach USD 8.65 billion by 2031 and grow at a CAGR of 5.60% over the forecast period of 2024-2031.
In pharmaceutical, chemical, food and cosmetic sectors, packer bottles with their flexibility and durability have gained in popularity. Due to the fact that they are capable of safely storing and transporting liquid, powder or tiny solids, demand is increasing in the market.
Get More Information on Packer Bottle Market - Request Sample Report
There are a number of factors responsible for this growth, including the increasing emphasis on sustainable and green packaging solutions. In line with global sustainability goals, Packer Bottles are frequently produced from recycled materials. Furthermore, the improvement in packaging technology has resulted in improved design, materials and manufacturing processes that increase packer bottle's efficiency and attractiveness.
Furthermore, packer bottles are being increasingly adopted due to increasing awareness of health and hygiene in particular the pharmaceutical and food sectors. It offers added safety and integrity for storage of sensitive products, thanks to its features like tamper evident seals and child resistant closures. With a view to meeting specific needs, market players continue to innovate and this has resulted in continued growth of the packer bottle market.
KEY DRIVERS:
Demand for (PET) Polyethylene Terephthalate based packer bottles
Packaging bottles made from PET are used in a wide variety of sectors where PET stands for polyethylene terephthalate. PET exhibits a distinction of being capable of appearing in both highly crystallised and alkaloidal conditions. PET is widely used for beverage containers, traditional oven plates and microwave ovens. Due to their low weight and convenience of transport, PET packaging is mainly used.
Increased demands for chemical storage
RESTRAIN:
A key restraint on packer bottle market is the price of raw materials, production and packaging processes.
The total cost structure and profitability for manufacturers may be affected by fluctuations in raw material prices, especially those of plastic or glass. In addition, the profit margins can be limited by competitive pricing pressure from less costly alternatives or alternative packaging solutions.
OPPORTUNITY:
A major factor which increases the growth of the market and also leads to an increasing demand for packer bottles is advances in packaging technology.
The market for package bottlers will continue to be encouraged by innovative products and advances in packaging over the forecast period. In the years ahead, there will be an increased sales of packer bottles on day to day life packaging applications as well as increasing lucrative package solutions and preferences for lightweight in both industrial and non industrial sectors.
CHALLENGES:
With a large number of players offering similar products, the market is highly competitive.
In December 2021, when reports of a possible Russian invasion of Ukraine reached fever pitch, the volatility of energy commodity prices began to rise. In the two weeks following the invasion, prices for oil, coal and gas have gone up by roughly 40%, 30% and 18% respectively.
The war also led to an increase in energy costs. It was very difficult to produce Airless Packaging due to the energy intensive nature of the process. Higher energy costs led to an increase in the cost of production of airless packaging.
One of the major factors which are expected to have an adverse effect on the market for Insulated Packaging in the course of the economic downturn is a drop in consumer demand. Airless packaging has been widely accepted but could be affected by a recession and is likely to decrease demand for those products, particularly from the pharmaceutical and cosmetic sectors.
Another factor that is expected to have an effect on the market for airless containers is increased competition with other packaging materials. In times of recession, it may be that airless packaging is more expensive for firms to use cheaper materials in their products due to the fact that they are not available on a similar scale as plastic and aluminium.
By Material
Plastic
Glass
By Capacity
Below 100 cc
200 cc
300 cc
400 cc
By Application
Powder & Granules
Tablets & Capsules
Liquid
By End Use
Pharmaceuticals
Chemicals
Others
Based on market share and revenue, North America is the dominant region in the packer bottle market during the forecast period. In this region, this is due to the increasing demand for packer bottles. The North American market for packing bottles has been led by technological progress and easy availability of petroleum raw materials, which resulted in increasing demand for bulk plastic material at a cheaper price within this region.
Europe is expected to be the fastest growing region over the projected period, due to strong consumer attitudes, rising sales for plastic and glass packaging containers as well as increased expenditure and awareness of healthcare in this sector.
Get Customized Report as per Your Business Requirement - Request For Customized Report
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Packer Bottle market are O Berk Company LLC, Graham Packaging Company, Amcor Plc, Gerresheimer AG, Alpha Packaging Inc, CL Smith, Clarke Container Inc, Maynard & Harris Plastics, Comar LLC, United States Plastic Corporation and other players.
Berry Global Inc., announced that it has entered into a joint venture with Bhoomi to produce cold pressed sugarcane juice in bottle entirely made from sugar cane.
| Report Attributes | Details |
| Market Size in 2023 | US$ 5.59 Bn |
| Market Size by 2031 | US$ 8.65 Bn |
| CAGR | CAGR of 5.60% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (Plastic, Glass) • by Capacity (Below 100 cc, 200 cc, 300 cc, 400 cc) • by Application (Powder & Granules, Tablets & Capsules, Liquid) • by End Use (Food & Beverages, Pharmaceuticals, Chemicals, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | O Berk Company LLC, Graham Packaging Company, Amcor Plc, Gerresheimer AG, Alpha Packaging Inc, CL Smith, Clarke Container Inc, Maynard & Harris Plastics, Comar LLC, United States Plastic Corporation |
| Key Drivers | • Demand for (PET) Polyethylene Terephthalate based packer bottles • Increased demands for chemical storage |
| Key Restraints | • A key restraint on packer bottle market is the price of raw materials, production and packaging processes. |
Ans. The Compound Annual Growth rate for Packer Bottle Market over the forecast period is 5.4 %.
Ans. USD 8.07 billion is the projected Packer Bottle market size of market by 2030.
Ans. North America is the dominant region in the packer bottle market during the forecast period.
Ans. A key restraint on packer bottle market is the price of raw materials, production and packaging processes.
Ans. Demand for (PET) Polyethylene Terephthalate based packer bottles is driving the market.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Packer Bottle Market Segmentation, by Material
8.1 Plastic
8.2 Glass
9. Packer Bottle Market Segmentation, by Capacity
9.1 Below 100 cc
9.2 200 cc
9.3 300 cc
9.4 400 cc
10. Packer Bottle Market Segmentation, by Application
10.1 Powder & Granules
10.2 Tablets & Capsules
10.3 Liquid
11. Packer Bottle Market Segmentation, by End Use
11.1 Food & Beverages
11.2 Pharmaceuticals
11.3 Chemicals
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Packer Bottle Market by Country
12.2.2North America Packer Bottle Market by Material
12.2.3 North America Packer Bottle Market by Capacity
12.2.4 North America Packer Bottle Market by Application
12.2.5 North America Packer Bottle Market by End Use
12.2.6 USA
12.2.6.1 USA Packer Bottle Market by Material
12.2.6.2 USA Packer Bottle Market by Capacity
12.2.6.3 USA Packer Bottle Market by Application
12.2.6.4 USA Packer Bottle Market by End Use
12.2.7 Canada
12.2.7.1 Canada Packer Bottle Market by Material
12.2.7.2 Canada Packer Bottle Market by Capacity
12.2.7.3 Canada Packer Bottle Market by Application
12.2.7.4 Canada Packer Bottle Market by End Use
12.2.8 Mexico
12.2.8.1 Mexico Packer Bottle Market by Raw Application
12.2.8.2 Mexico Packer Bottle Market by Capacity
12.2.8.3 Mexico Packer Bottle Market by Application
12.2.8.4 Mexico Packer Bottle Market by End Use
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Packer Bottle Market by Country
12.3.1.2 Eastern Europe Packer Bottle Market by Material
12.3.1.3 Eastern Europe Packer Bottle Market by Capacity
12.3.1.4 Eastern Europe Packer Bottle Market by Application
12.3.1.5 Eastern Europe Packer Bottle Market by End Use
12.3.1.6 Poland
12.3.1.6.1 Poland Packer Bottle Market by Material
12.3.1.6.2 Poland Packer Bottle Market by Capacity
12.3.1.6.3 Poland Packer Bottle Market by Application
12.3.1.6.4 Poland Packer Bottle Market by End Use
12.3.1.7 Romania
12.3.1.7.1 Romania Packer Bottle Market by Material
12.3.1.7.2 Romania Packer Bottle Market by Capacity
12.3.1.7.3 Romania Packer Bottle Market by Application
12.3.1.7.4 Romania Packer Bottle Market by End Use
12.3.1.8 Hungary
12.3.1.8.1 Hungary Packer Bottle Market by Material
12.3.1.8.2 Hungary Packer Bottle Market by Capacity
12.3.1.8.3 Hungary Packer Bottle Market by Application
12.3.1.8.4 Hungary Packer Bottle Market by End Use
12.3.1.9 Turkey
12.3.1.9.1 Turkey Packer Bottle Market by Material
12.3.1.9.2 Turkey Packer Bottle Market by Capacity
12.3.1.9.3 Turkey Packer Bottle Market by Application
12.3.1.9.4 Turkey Packer Bottle Market by End Use
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Packer Bottle Market by Material
12.3.1.10.2 Rest of Eastern Europe Packer Bottle Market by Capacity
12.3.1.10.3 Rest of Eastern Europe Packer Bottle Market by Application
12.3.1.10.4 Rest of Eastern Europe Packer Bottle Market by End Use
12.3.2 Western Europe
12.3.2.1 Western Europe Packer Bottle Market by Country
12.3.2.2 Western Europe Packer Bottle Market by Material
12.3.2.3 Western Europe Packer Bottle Market by Capacity
12.3.2.4 Western Europe Packer Bottle Market by Application
12.3.2.5 Western Europe Packer Bottle Market by End Use
12.3.2.6 Germany
12.3.2.6.1 Germany Packer Bottle Market by Material
12.3.2.6.2 Germany Packer Bottle Market by Capacity
12.3.2.6.3 Germany Packer Bottle Market by Application
12.3.2.6.4 Germany Packer Bottle Market by End Use
12.3.2.7 France
12.3.2.7.1 France Packer Bottle Market by Material
12.3.2.7.2 France Packer Bottle Market by Capacity
12.3.2.7.3 France Packer Bottle Market by Application
12.3.2.7.4 France Packer Bottle Market by End Use
12.3.2.8 UK
12.3.2.8.1 UK Packer Bottle Market by Material
12.3.2.8.2 UK Packer Bottle Market by Capacity
12.3.2.8.3 UK Packer Bottle Market by Application
12.3.2.8.4 UK Packer Bottle Market by End Use
12.3.2.9 Italy
12.3.2.9.1 Italy Packer Bottle Market by Material
12.3.2.9.2 Italy Packer Bottle Market by Capacity
12.3.2.9.3 Italy Packer Bottle Market by Application
12.3.2.9.4 Italy Packer Bottle Market by End Use
12.3.2.10 Spain
12.3.2.10.1 Spain Packer Bottle Market by Material
12.3.2.10.2 Spain Packer Bottle Market by Capacity
12.3.2.10.3 Spain Packer Bottle Market by Application
12.3.2.10.4 Spain Packer Bottle Market by End Use
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Packer Bottle Market by Material
12.3.2.11.2 Netherlands Packer Bottle Market by Capacity
12.3.2.11.3 Netherlands Packer Bottle Market by Application
12.3.2.11.4 Netherlands Packer Bottle Market by End Use
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Packer Bottle Market by Material
12.3.2.12.2 Switzerland Packer Bottle Market by Capacity
12.3.2.12.3 Switzerland Packer Bottle Market by Application
12.3.2.12.4 Switzerland Packer Bottle Market by End Use
12.3.2.13 Austria
12.3.2.13.1 Austria Packer Bottle Market by Material
12.3.2.13.2 Austria Packer Bottle Market by Capacity
12.3.2.13.3 Austria Packer Bottle Market by Application
12.3.2.13.4 Austria Packer Bottle Market by End Use
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Packer Bottle Market by Material
12.3.2.14.2 Rest of Western Europe Packer Bottle Market by Capacity
12.3.2.14.3 Rest of Western Europe Packer Bottle Market by Application
12.3.2.14.4 Rest of Western Europe Packer Bottle Market by End Use
12.4 Asia-Pacific
12.4.1 Asia Pacific Packer Bottle Market by Country
12.4.2 Asia Pacific Packer Bottle Market by Material
12.4.3 Asia Pacific Packer Bottle Market by Capacity
12.4.4 Asia Pacific Packer Bottle Market by Application
12.4.5 Asia Pacific Packer Bottle Market by End Use
12.4.6 China
12.4.6.1 China Packer Bottle Market by Material
12.4.6.2 China Packer Bottle Market by Capacity
12.4.6.3 China Packer Bottle Market by Application
12.4.6.4 China Packer Bottle Market by End Use
12.4.7 India
12.4.7.1 India Packer Bottle Market by Material
12.4.7.2 India Packer Bottle Market by Capacity
12.4.7.3 India Packer Bottle Market by Application
12.4.7.4 India Packer Bottle Market by End Use
12.4.8 Japan
12.4.8.1 Japan Packer Bottle Market by Material
12.4.8.2 Japan Packer Bottle Market by Capacity
12.4.8.3 Japan Packer Bottle Market by Application
12.4.8.4 Japan Packer Bottle Market by End Use
12.4.9 South Korea
12.4.9.1 South Korea Packer Bottle Market by Material
12.4.9.2 South Korea Packer Bottle Market by Capacity
12.4.9.3 South Korea Packer Bottle Market by Application
12.4.9.4 South Korea Packer Bottle Market by End Use
12.4.10 Vietnam
12.4.10.1 Vietnam Packer Bottle Market by Material
12.4.10.2 Vietnam Packer Bottle Market by Capacity
12.4.10.3 Vietnam Packer Bottle Market by Application
12.4.10.4 Vietnam Packer Bottle Market by End Use
12.4.11 Singapore
12.4.11.1 Singapore Packer Bottle Market by Material
12.4.11.2 Singapore Packer Bottle Market by Capacity
12.4.11.3 Singapore Packer Bottle Market by Application
12.4.11.4 Singapore Packer Bottle Market by End Use
12.4.12 Australia
12.4.12.1 Australia Packer Bottle Market by Material
12.4.12.2 Australia Packer Bottle Market by Capacity
12.4.12.3 Australia Packer Bottle Market by Application
12.4.12.4 Australia Packer Bottle Market by End Use
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Packer Bottle Market by Material
12.4.13.2 Rest of Asia-Pacific APAC Packer Bottle Market by Capacity
12.4.13.3 Rest of Asia-Pacific Packer Bottle Market by Application
12.4.13.4 Rest of Asia-Pacific Packer Bottle Market by End Use
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Packer Bottle Market by country
12.5.1.2 Middle East Packer Bottle Market by Material
12.5.1.3 Middle East Packer Bottle Market by Capacity
12.5.1.4 Middle East Packer Bottle Market by Application
12.5.1.5 Middle East Packer Bottle Market by End Use
12.5.1.6 UAE
12.5.1.6.1 UAE Packer Bottle Market by Material
12.5.1.6.2 UAE Packer Bottle Market by Capacity
12.5.1.6.3 UAE Packer Bottle Market by Application
12.5.1.6.4 UAE Packer Bottle Market by End Use
12.5.1.7 Egypt
12.5.1.7.1 Egypt Packer Bottle Market by Material
12.5.1.7.2 Egypt Packer Bottle Market by Capacity
12.5.1.7.3 Egypt Packer Bottle Market by Application
12.5.1.7.4 Egypt Packer Bottle Market by End Use
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Packer Bottle Market by Material
12.5.1.8.2 Saudi Arabia Packer Bottle Market by Capacity
12.5.1.8.3 Saudi Arabia Packer Bottle Market by Application
12.5.1.8.4 Saudi Arabia Packer Bottle Market by End Use
12.5.1.9 Qatar
12.5.1.9.1 Qatar Packer Bottle Market by Material
12.5.1.9.2 Qatar Packer Bottle Market by Capacity
12.5.1.9.3 Qatar Packer Bottle Market by Application
12.5.1.9.4 Qatar Packer Bottle Market by End Use
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Packer Bottle Market by Material
12.5.1.10.2 Rest of Middle East Packer Bottle Market by Capacity
12.5.1.10.3 Rest of Middle East Packer Bottle Market by Application
12.5.1.10.4 Rest of Middle East Packer Bottle Market by End Use
12.5.2. Africa
12.5.2.1 Africa Packer Bottle Market by country
12.5.2.2 Africa Packer Bottle Market by Material
12.5.2.3 Africa Packer Bottle Market by Capacity
12.5.2.4 Africa Packer Bottle Market by Application
12.5.2.5 Africa Packer Bottle Market by End Use
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Packer Bottle Market by Material
12.5.2.6.2 Nigeria Packer Bottle Market by Capacity
12.5.2.6.3 Nigeria Packer Bottle Market by Application
12.5.2.6.4 Nigeria Packer Bottle Market by End Use
12.5.2.7 South Africa
12.5.2.7.1 South Africa Packer Bottle Market by Material
12.5.2.7.2 South Africa Packer Bottle Market by Capacity
12.5.2.7.3 South Africa Packer Bottle Market by Application
12.5.2.7.4 South Africa Packer Bottle Market by End Use
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Packer Bottle Market by Material
12.5.2.8.2 Rest of Africa Packer Bottle Market by Capacity
12.5.2.8.3 Rest of Africa Packer Bottle Market by Application
12.5.2.8.4 Rest of Africa Packer Bottle Market by End Use
12.6. Latin America
12.6.1 Latin America Packer Bottle Market by country
12.6.2 Latin America Packer Bottle Market by Material
12.6.3 Latin America Packer Bottle Market by Capacity
12.6.4 Latin America Packer Bottle Market by Application
12.6.5 Latin America Packer Bottle Market by End Use
12.6.6 Brazil
12.6.6.1 Brazil Packer Bottle Market by Material
12.6.6.2 Brazil Africa Packer Bottle Market by Capacity
12.6.6.3 Brazil Packer Bottle Market by Application
12.6.6.4 Brazil Packer Bottle Market by End Use
12.6.7 Argentina
12.6.7.1 Argentina Packer Bottle Market by Material
12.6.7.2 Argentina Packer Bottle Market by Capacity
12.6.7.3 Argentina Packer Bottle Market by Application
12.6.7.4 Argentina Packer Bottle Market by End Use
12.6.8 Colombia
12.6.8.1 Colombia Packer Bottle Market by Material
12.6.8.2 Colombia Packer Bottle Market by Capacity
12.6.8.3 Colombia Packer Bottle Market by Application
12.6.8.4 Colombia Packer Bottle Market by End Use
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Packer Bottle Market by Material
12.6.9.2 Rest of Latin America Packer Bottle Market by Capacity
12.6.9.3 Rest of Latin America Packer Bottle Market by Application
12.6.9.4 Rest of Latin America Packer Bottle Market by End Use
13 Company Profile
13.1 O Berk Company LLC
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Graham Packaging Company
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Amcor Plc
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Gerresheimer AG
13.4 Company Overview
13.4.2 Financials
13.4.3 Product/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Alpha Packaging Inc
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 CL Smith
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Clarke Container Inc
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Maynard & Harris Plastics
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Comar LLC
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 United States Plastic Corporation
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments’
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Nano-enabled Packaging Market Size was USD 32.67 billion in 2023 and will reach USD 99.02 billion by 2032 and grow at a CAGR of 13.03 % by 2024-2032.
The High Density Polyethylene Bottles (HDPE) Market size was USD 55.07 billion in 2023 and is expected to Reach USD 80.10 billion by 2031 and grow at a CAGR of 4.80% over the forecast period of 2024-2031.
The Containerboard Market size was valued at US $ 131.24 billion in 2023 & is expected to reach USD 158.64 billion by 2031 at a CAGR of 2.4% over the forecast period of 2024-2031.
The Digital Printing Packaging Market was valued at USD 29.35 Bn in 2023 & projected to reach USD 62.75 Bn by 2032, growing at a CAGR of 8.82% by 2024-2032.
The Polystyrene Packaging Market size was USD 23.06 billion in 2023 and is expected to Reach USD 31.32 billion by 2031 and grow at a CAGR of 3.9% over the forecast period of 2024-2031.
The Biodegradable Water Bottles Market size was USD 2.41 billion in 2023 and is expected to Reach USD 3.5 billion by 2031 and grow at a CAGR of 4.8% over the forecast period of 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
