The global temperature controlled packaging solutions market is expected to reach USD 23.69 Billion by 2030, at a CAGR of 8.18% from 2022 to 2030. The increasing use of perishable products and the high potential growth industry for insulated packaging drive the expansion of the temperature controlled packaging solutions market.
Temperature-controlled packaging is required for shipping all types of goods–from perishable foods to pharmaceuticals. Temperature-controlled packaging is a robust semi-rigid liner that provides adequate insulation to Biofoam or EPS and superior physical security towards crushing or influence. Also, a dynamic or active packaging solution requires an external power source during usage to ensure constant temperatures. The semi-active packaging solution can be reused more than 100 times & can be provided for hire, ready for use. Static or passive packaging solution is lined amidst eutectic plates or a phase transition material depicting the energy source. They make a microclimate with the necessary temperature range integrated with an insulating material.
Get an overview of this study by requesting a free sample
The development of packaged & canned food in the food & beverage enterprise, rising purchasing power, the emerging wastage control of food & medicines is the driving factor of the market growth.Further, new, well-established, high-performance convection systems for pharmaceutical storage & delivery are anticipated to propel market growth.
Rising demand for the COVID-19 vaccine, cell & gene therapies, other flu vaccines alongside pharmaceutical materials has further expanded the demand for cold chain packaging methods at different stages of product development due to the COVID-19 epidemic. Additionally, the COVID-19 vaccine generated by Pfizer-BioNTech is an Ultra-Low Temperature vaccine that needs storing at low temperature to preserve the efficiency & quality of the vaccine. This will also help to drive market growth. Moreover, the increasing R&D programs around the globe for improving the packaging & manufacturing process in biotech & pharmaceuticals enterprises are also helping to drive market growth.
The strict government regulations associated with the use of specific kinds of pharmaceutical products for the production of temperature-controlled packaging solution is the restraining factor of the market growth. Moreover, the high investment & maintenance expense associated among the temperature-controlled packaging solutions in the pharmaceutical enterprise is another hindering factor to the market growth during the forecast period. Additionally, the lack of awareness about the benefits of temperature controlled packaging solutions also restrains the market growth during the forecast period.
The rising adoption of advanced technologies in the pharmaceutical enterprise is an opportunity for market growth. Also, the digital platforms track different elements of cold chain payload shipments like location, vibration, and temperature. Providing information like flight schedules, weather, and assurance of fast delivery of goods also boosts the market growth. Besides, the growing consumption of vacuum panel insulation (VPI) with stage modification materials can improve the shelf life of stored pharmaceutical products and fuel market growth. Additionally, the increasing focus on pharmaceutical manufacturers to produce drugs & therapies for rare disorders is another opportunity for market growth. These drugs are formed of high-value components and have short shelf lives. As a result, they need a strict temperature-controlled environment. Thus, this factor is helping to drive the market growth during the upcoming years.
The global temperature controlled packaging solutions market has been segmented based on type, product, application, usage type, and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa. North America region emerged as the largest market for the global temperature controlled packaging solutions market, with a 48.07% share of the market revenue in 2021.
North America Region Temperature Controlled Packaging Solutions Market Share in 2021 - 48.07%
www.thebrainyinsights.com
Check the geographical analysis of this market by requesting a free sample
The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global temperature controlled packaging solutions industry.
As per The Brainy Insights, the size of the temperature-controlled packaging solutions market was valued at USD 11.67 billion in 2021 to USD 23.69 billion by 2030.
Global temperature controlled packaging solutions market is growing at a CAGR of 8.18% during the forecast period 2022-2030.
The global temperature controlled packaging solutions market has been segmented based on type, product, application, usage type, and regions. The active segment lead type segment in 2021.
North America region emerged as the largest market for the temperature controlled packaging solutions.
The market's growth will be influenced by the rising use of temperature-controlled packaging solutions in food & beverages.
The high investment & maintenance expense could hamper the market growth.
The rising adoption of advanced technologies in the pharmaceutical enterprise will provide huge opportunities to the market.
Key players are Pelican BioThermal LLC, Sonoco Products Company, Sofrigram SA Ltd, Deutsche Post AG (DHL), FedEx Corp, Cold Chain Technologies, KIMO, ACH Foam Technologies, AmerisourceBergen Corp
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Usage Type
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The rising use of temperature-controlled packaging solutions in food & beverages
5.2.2. The demand of COVID-19 Vaccines
5.3. Restraints
5.3.1. The stringent regulations & rules formulated by government agencies
5.3.2. The high investment & maintenance expense
5.4. Opportunities
5.4.1. The rising adoption of advanced technologies in the pharmaceutical enterprise
5.4.2. The increasing focus of pharmaceutical production to produce drugs & therapies for rare diseases
6. Global Temperature Controlled Packaging Solutions Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Passive
6.3. Active
7. Global Temperature Controlled Packaging Solutions Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Refrigerants
7.3. Insulated Containers
7.4. Protective Packaging
7.5. Insulated Shippers
8. Global Temperature Controlled Packaging Solutions Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Healthcare
8.3. Food & Beverage
8.4. Biomedical
8.5. Pharmaceutical
8.6. Others
9. Global Temperature Controlled Packaging Solutions Market Analysis and Forecast, By Usage Type
9.1. Segment Overview
9.2. Reusable Packaging
9.3. Single-Use Packaging
10. Global Temperature Controlled Packaging Solutions Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Temperature Controlled Packaging Solutions Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Temperature Controlled Packaging Solutions Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Pelican BioThermal LLC
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Sonoco Products Company
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Sofrigram SA Ltd
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Deutsche Post AG (DHL)
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. FedEx Corp
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Cold Chain Technologies
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. KIMO
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. ACH Foam Technologies
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. AmerisourceBergen Corp
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. WIKA Alexander Wiegand SE & Co, SKF
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. OMEGA Engineering, Testo SE & Co
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. Olympus Corporation
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. ILLIG Maschinenbau GmbH & Co
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
12.14. Tempack
12.14.1. Business Overview
12.14.2. Company Snapshot
12.14.3. Company Market Share Analysis
12.14.4. Company Product Portfolio
12.14.5. Recent Developments
12.14.6. SWOT Analysis
12.15. Cropak
12.15.1. Business Overview
12.15.2. Company Snapshot
12.15.3. Company Market Share Analysis
12.15.4. Company Product Portfolio
12.15.5. Recent Developments
12.15.6. SWOT Analysis
List of Table
1. Global Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
2. Global Passive, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
3. Global Active, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
4. Global Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
5. Global Refrigerants, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
6. Global Insulated Containers, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
7. Global Protective Packaging, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
8. Global Insulated Shippers, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
9. Global Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
10. Global Healthcare, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
11. Global Food & Beverage, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
12. Global Biomedical, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
13. Global Pharmaceutical, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
14. Global Others, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
15. Global Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
16. Global Reusable Packaging, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
17. Global Single-Use Packaging, Temperature Controlled Packaging Solutions Market, By Region, 2019-2030 (USD Billion)
18. North America Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
19. North America Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
20. North America Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
21. North America Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
22. U.S. Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
23. U.S. Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
24. U.S. Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
25. U.S. Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
26. Canada Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
27. Canada Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
28. Canada Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
29. Canada Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
30. Mexico Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
31. Mexico Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
32. Mexico Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
33. Mexico Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
34. Europe Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
35. Europe Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
36. Europe Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
37. Europe Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
38. Germany Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
39. Germany Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
40. Germany Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
41. Germany Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
42. France Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
43. France Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
44. France Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
45. France Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
46. U.K. Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
47. U.K. Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
48. U.K. Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
49. U.K. Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
50. Italy Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
51. Italy Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
52. Italy Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
53. Italy Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
54. Spain Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
55. Spain Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
56. Spain Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
57. Spain Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
58. Asia Pacific Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
59. Asia Pacific Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
60. Asia Pacific Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
61. Asia Pacific Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
62. Japan Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
63. Japan Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
64. Japan Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
65. Japan Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
66. China Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
67. China Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
68. China Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
69. China Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
70. India Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
71. India Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
72. India Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
73. India Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
74. South America Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
75. South America Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
76. South America Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
77. South America Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
78. Brazil Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
79. Brazil Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
80. Brazil Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
81. Brazil Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
82. Middle East and Africa Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
83. Middle East and Africa Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
84. Middle East and Africa Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
85. Middle East and Africa Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
86. UAE Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
87. UAE Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
88. UAE Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
89. UAE Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
90. South Africa Temperature Controlled Packaging Solutions Market, By Type, 2019-2030 (USD Billion)
91. South Africa Temperature Controlled Packaging Solutions Market, By Product, 2019-2030 (USD Billion)
92. South Africa Temperature Controlled Packaging Solutions Market, By Application, 2019-2030 (USD Billion)
93. South Africa Temperature Controlled Packaging Solutions Market, By Usage Type, 2019-2030 (USD Billion)
List of Figures
1. Global Temperature Controlled Packaging Solutions Market Segmentation
2. Global Temperature Controlled Packaging Solutions Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Temperature Controlled Packaging Solutions Market Attractiveness Analysis By Type
9. Global Temperature Controlled Packaging Solutions Market Attractiveness Analysis By Product
10. Global Temperature Controlled Packaging Solutions Market Attractiveness Analysis By Application
11. Global Temperature Controlled Packaging Solutions Market Attractiveness Analysis By Usage Type
12. Global Temperature Controlled Packaging Solutions Market Attractiveness Analysis By Region
13. Global Temperature Controlled Packaging Solutions Market: Dynamics
14. Global Temperature Controlled Packaging Solutions Market Share By Type (2022& 2030)
15. Global Temperature Controlled Packaging Solutions Market Share By Product (2022& 2030)
16. Global Temperature Controlled Packaging Solutions Market Share By Application (2022& 2030)
17. Global Temperature Controlled Packaging Solutions Market Share By Usage Type (2022& 2030)
18. Global Temperature Controlled Packaging Solutions Market Share By Regions (2022& 2030)
19. Global Temperature Controlled Packaging Solutions Market Share By Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global temperature controlled packaging solutions based on below mentioned segments:
Global Temperature Controlled Packaging Solutions by Type
Global Temperature Controlled Packaging Solutions by Product
Global Temperature Controlled Packaging Solutions by Application:
Global Temperature Controlled Packaging Solutions by Usage Type:
Global Temperature Controlled Packaging Solutions by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date