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Freezer Bags Market scope & overview:

Freezer Bags Market Size was valued at USD 4.85 billion in 2023 and is expected to reach USD 6.58 billion by 2031 and grow at a CAGR of 3.89% over the forecast period 2024-2031.

The freezer bag market is experiencing a surge due to a confluence of favourable trends. Consumers are demanding convenient, eco-friendly ways to store food, which is driving innovation in sustainable packaging solutions. Freezer bags play a vital role in both the food industry and the healthcare sector.  Major players are constantly improving quality and durability, as seen with Johnson and Johnson's introduction of high-quality freezer bags in 2015. With the food and beverage industry's continued growth and rising disposable income globally, the future looks bright for the freezer bag market. The rise of ready-to-eat meals further strengthens this demand. For instance, in January 2021, The Taste Company's entry into the market created a surge in the need for freezer bags specifically for soups. Similarly, a Mumbai-based company's launch of healthy frozen meals in double-sealed freezer bags in June 2022 highlights this growing synergy between ready-to-eat food and innovative freezer bag solutions. As more companies offer convenient meal options, expect the market for these specialized freezer bags to keep growing.

Freezer-Bags-Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • Growth of ready-to-eat food market creates a demand for suitable packaging.

Convenience, food safety, and optimal storage are top priorities for today's consumers, driving the demand for airtight freezer bags. This trend is expected to boost sales of BPA-free freezer bags with moisture barriers, particularly as companies launch more ready-to-eat food options. The market for these innovative freezer bags is poised for significant growth in the coming years.

  • The projected increase in retail locations worldwide is expected to significantly drive the market for freezer bags.

RESTRAINTS:

  • Limitations on plastic use in the food and beverage industry pose another challenge for the freezer bag market.

Plastic restrictions in the food and beverage industry pose a double threat to the freezer bag market. Limitations on plastic packaging for fruits directly hinder sales of freezer bags designed for storing them. Secondly, these restrictions could limit the types of plastic used in all freezer bags, creating difficulties for producers and distributors of slider bags, a popular freezer bag option.

  • Reusable bags can offer cost savings and efficiency in the long run, pressuring traditional freezer bags.

OPPORTUNITIES:

  • The expanding food industry might lead to a rise in demand for freezer bags for storing and transporting food items.

Beyond the food industry, the growth of both food and pharmaceutical sectors is expected to fuel the demand for freezer bags. Self-sealing freezer bags, in particular, are gaining traction in new areas due to their improved durability, toughness, and resistance to punctures. This wider range of applications, along with the expansion of food and pharmaceutical industries, is projected to significantly contribute to the overall growth of the freezer bag market in the coming years.

  • Growing environmental awareness might encourage companies to adopt reusable options for freezer bag needs within their supply chains.

CHALLENGES:

  • Stricter Plastic Regulations Pose Challenges for Freezer Bag Industry.

Stricter regulations on plastic storage bags, including those targeting materials like polycarbonate, could pose a challenge for the reusable freezer bag industry. Companies might be deterred from using these materials due to compliance hurdles or potential bans. This could dampen the overall growth of the reusable bag market in the forecast period.

  • Depending on regulations and consumer preferences, alternative packaging materials or designs might emerge for food storage.

IMPACT OF RUSSIA-UKRAINE WAR

The Russia-Ukraine war's impact on the freezer bag market remains uncertain. While the conflict has caused a surge in oil and gas prices, potentially affecting plastic resin costs, a key material in freezer bags, sanctions haven't significantly disrupted trade yet. Industry players point to Iran's experience with sanctions as a potential indicator despite being a larger polyethylene exporter, sanctions had minimal impact on their exports. Therefore, the freezer bag market's future trajectory depends on how the conflict unfolds and whether trade restrictions escalate.

IMPACT OF ECONOMIC SLOWDOWN

A weakening global economy might pose a challenge for the freezer bag market. Particularly in developing countries. The World Bank's forecast of slower growth, especially for developing nations 3.9% and low-income countries 5.5%, potential decrease in consumer spending on non-essential items like freezer bags. This could be further amplified in countries like Bangladesh, where high inflation and import restrictions might specifically target discretionary spending. While India's projected growth of 6.4% offers a brighter outlook, overall economic slowdowns could still lead to tighter household budgets, potentially impacting the demand for freezer bags.

KEY MARKET SEGMENTS:

By Product Type

  • Flat

  • Satchel

  • Block Bottom

  • PP

  • Nylon

  • Polyester

The flat bag design dominates in the freezer bag market, capturing the largest share of revenue. These versatile bags excel in usefulness and adaptability, making them suitable for a wide range of applications across various industries. Their affordability, ease of packing, and convenient storage further solidify their dominance as the preferred choice for freezer bag users.

By Material Type

  • HDPE

  • MDPE

  • LDPE

HDPE takes the dominant position in the freezer bag market with 50% of share. This high-density polyethylene offers several advantages, including rigidity, better shape retention, and improved resistance to chemicals compared to other options. These qualities make HDPE the go-to choice for the strength and durability needed in most freezer bag applications.

By Application

  • Freezer Bags for Food

    • Dairy Products

    • Seafood

    • Meat & Poultry

    • Fresh Vegetables & Fruits

    • Ready-to-Eat Food

    • Others

  • Freezer Bags for Non-food Articles

Freezer bags for food dominating in the market, generating the most revenue. This makes perfect sense, as freezer bags excel at preserving food for extended periods. From meats and veggies to seafood, poultry, and even prepared meals, these bags lock in freshness for months when stored properly in a freezer.

REGIONAL ANALYSES

North America holding a dominant 34% market share due to its high consumer spending power.  This trend is fueled by strategic marketing in the region, with companies like Tyson Foods launching innovative frozen food options like air-fried chicken bits, perfectly suited for freezer bag storage.  This focus on convenience food is likely to propel the North American freezer bag market even further.

Europe stands as a strong second behind North America, holding a solid 27% share of the global freezer bag market. This region is expected to stay on North America's heels in the coming years. Notably, there's a growing shift towards eco-friendly freezer bag options across Europe, with key players like Germany and the UK potentially driving the market with innovative solutions like color-coded freezer bags. The Asia Pacific region is poised for a surge in freezer bags, particularly bulk options. Emerging giants like India, China, and Japan are expected to lead this growth.  The booming trade of perishable goods is driving demand for heavy-duty freezer bags, while the strong pharmaceutical presence in China and India is fueling the need for writable label freezer bags. This combination makes Asia Pacific a highly profitable market for the foreseeable future.

Freezer-Bags-Market-By-Region

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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  

KEY PLAYERS

The major key players are GELU- PLAST packaging films GmbH & Co.KG, Plastic Slovakia s.r.o., EURO - pac Unterrainer GmbH, Comcoplast Comco Commercial Cooperation GmbH, Cofresco Frischhalteprodukte GmbH & Co. KG, DUO-PAck Co. Ltd., CeDo Ltd., Thantawan Industry Plc., Keller GmbH, Sun Plast (India), Teong Chuan Plastic (M) Sdn Bhd., American Bag Company, Shanghai Huitai Packaging Co, LTD. and other key players.

RECENT DEVELOPMENT

  • Great American Packaging, a leader in custom packaging, launched its innovative OneEarth Packaging solutions in June 2023. This new line caters to the growing consumer demand for sustainable packaging by eliminating harmful PFAS chemicals and providing both compostable and recyclable options. OneEarth Packaging embodies Great American Packaging's commitment to environmental responsibility and empowers consumers to make eco-conscious choices.

  • A collaborative effort for sustainable seafood packaging emerged in May 2023. Sabic, Estiko, and Coldwater Prawns of Norway joined forces to create a new pouch for frozen prawns. This eco-friendly solution utilizes a multilayered film with a remarkable 60% recycled ocean-bound plastic content. Estiko, the film producer, leverages Sabic's certified circular polypropylene (PP) Qrystal for this innovative pouch.

 

Freezer Bags Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 4.85 Bn
Market Size by 2031  US$ 6.58 Bn
CAGR   CAGR of 3.89% 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 Product Type (Flat, Satchel, Block Bottom, PP, Nylon, Polyester)
• By Material Type (HDPE, MDPE, LDPE)
• By Application [Freezer Bags for Food (Dairy Products, Seafood, Meat & Poultry, Fresh, Vegetables & Fruits, Ready-to-Eat Food, Others), Freezer Bags for Non-food Articles]
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 GELU- PLAST packaging films GmbH & Co.KG, Plastic Slovakia s.r.o., EURO - pac Unterrainer GmbH, Comcoplast Comco Commercial Cooperation GmbH, Cofresco Frischhalteprodukte GmbH & Co. KG, DUO-PAck Co. Ltd., CeDo Ltd., Thantawan Industry Plc., Keller GmbH, Sun Plast (India), Teong Chuan Plastic (M) Sdn Bhd., American Bag Company, Shanghai Huitai Packaging Co, LTD
Key Drivers • Growth of ready-to-eat food market creates a demand for suitable packaging.
• The projected increase in retail locations worldwide is expected to significantly drive the market for freezer bags.
Key Restraints • Limitations on plastic use in the food and beverage industry pose another challenge for the freezer bag market.
• Reusable bags can offer cost savings and efficiency in the long run, pressuring traditional freezer bags

Frequently Asked Questions

TABLE OF CONTENTS

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact of Russia-Ukraine Crisis

5.2 Impact of Economic Slowdown on Major Countries

5.2.1 Introduction

5.2.2 United States

5.2.3 Canada

5.2.4 Germany

5.2.5 France

5.2.6 UK

5.2.7 China

5.2.8 Japan

5.2.9 South Korea

5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Freezer Bags Market Segmentation, By Product Type 

9.1 Introduction

9.2 Trend Analysis

9.3 Flat

9.4 Satchel

9.5 Block Bottom

9.6 PP

9.7 Nylon

9.8 Polyester

10. Freezer Bags Market Segmentation, By Material Type

10.1 Introduction

10.2 Trend Analysis

10.3 HDPE

10.4 MDPE

10.5 LDPE

11. Freezer Bags Market Segmentation, By Application

11.1 Introduction

11.2 Trend Analysis

11.3 Freezer Bags for Food

11.3.1 Dairy Products

11.3.2 Seafood

11.3.3 Meat & Poultry

11.3.4 Fresh Vegetables & Fruits

11.3.5 Ready-to-Eat Food

11.3.6 Others

11.4 Freezer Bags for Non-food Articles

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 Trend Analysis

12.2.2 North America Freezer Bags Market by Country

12.2.3 North America Freezer Bags Market By Product Type 

12.2.4 North America Freezer Bags Market By Material Type

12.2.5 North America Freezer Bags Market By Application

12.2.6 USA

12.2.6.1 USA Freezer Bags Market By Product Type 

12.2.6.2 USA Freezer Bags Market By Material Type

12.2.6.3 USA Freezer Bags Market By Application

12.2.7 Canada

12.2.7.1 Canada Freezer Bags Market By Product Type 

12.2.7.2 Canada Freezer Bags Market By Material Type

12.2.7.3 Canada Freezer Bags Market By Application

12.2.8 Mexico

12.2.8.1 Mexico Freezer Bags Market By Product Type 

12.2.8.2 Mexico Freezer Bags Market By Material Type

12.2.8.3 Mexico Freezer Bags Market By Application

12.3 Europe

12.3.1 Trend Analysis

12.3.2 Eastern Europe

12.3.2.1 Eastern Europe Freezer Bags Market by Country

12.3.2.2 Eastern Europe Freezer Bags Market By Product Type 

12.3.2.3 Eastern Europe Freezer Bags Market By Material Type

12.3.2.4 Eastern Europe Freezer Bags Market By Application

12.3.2.5 Poland

12.3.2.5.1 Poland Freezer Bags Market By Product Type 

12.3.2.5.2 Poland Freezer Bags Market By Material Type

12.3.2.5.3 Poland Freezer Bags Market By Application

12.3.2.6 Romania

12.3.2.6.1 Romania Freezer Bags Market By Product Type 

12.3.2.6.2 Romania Freezer Bags Market By Material Type

12.3.2.6.4 Romania Freezer Bags Market By Application

12.3.2.7 Hungary

12.3.2.7.1 Hungary Freezer Bags Market By Product Type 

12.3.2.7.2 Hungary Freezer Bags Market By Material Type

12.3.2.7.3 Hungary Freezer Bags Market By Application

12.3.2.8 Turkey

12.3.2.8.1 Turkey Freezer Bags Market By Product Type 

12.3.2.8.2 Turkey Freezer Bags Market By Material Type

12.3.2.8.3 Turkey Freezer Bags Market By Application

12.3.2.9 Rest of Eastern Europe

12.3.2.9.1 Rest of Eastern Europe Freezer Bags Market By Product Type 

12.3.2.9.2 Rest of Eastern Europe Freezer Bags Market By Material Type

12.3.2.9.3 Rest of Eastern Europe Freezer Bags Market By Application

12.3.3 Western Europe

12.3.3.1 Western Europe Freezer Bags Market by Country

12.3.3.2 Western Europe Freezer Bags Market By Product Type 

12.3.3.3 Western Europe Freezer Bags Market By Material Type

12.3.3.4 Western Europe Freezer Bags Market By Application

12.3.3.5 Germany

12.3.3.5.1 Germany Freezer Bags Market By Product Type 

12.3.3.5.2 Germany Freezer Bags Market By Material Type

12.3.3.5.3 Germany Freezer Bags Market By Application

12.3.3.6 France

12.3.3.6.1 France Freezer Bags Market By Product Type 

12.3.3.6.2 France Freezer Bags Market By Material Type

12.3.3.6.3 France Freezer Bags Market By Application

12.3.3.7 UK

12.3.3.7.1 UK Freezer Bags Market By Product Type 

12.3.3.7.2 UK Freezer Bags Market By Material Type

12.3.3.7.3 UK Freezer Bags Market By Application

12.3.3.8 Italy

12.3.3.8.1 Italy Freezer Bags Market By Product Type 

12.3.3.8.2 Italy Freezer Bags Market By Material Type

12.3.3.8.3 Italy Freezer Bags Market By Application

12.3.3.9 Spain

12.3.3.9.1 Spain Freezer Bags Market By Product Type 

12.3.3.9.2 Spain Freezer Bags Market By Material Type

12.3.3.9.3 Spain Freezer Bags Market By Application

12.3.3.10 Netherlands

12.3.3.10.1 Netherlands Freezer Bags Market By Product Type 

12.3.3.10.2 Netherlands Freezer Bags Market By Material Type

12.3.3.10.3 Netherlands Freezer Bags Market By Application

12.3.3.11 Switzerland

12.3.3.11.1 Switzerland Freezer Bags Market By Product Type 

12.3.3.11.2 Switzerland Freezer Bags Market By Material Type

12.3.3.11.3 Switzerland Freezer Bags Market By Application

12.3.3.1.12 Austria

12.3.3.12.1 Austria Freezer Bags Market By Product Type 

12.3.3.12.2 Austria Freezer Bags Market By Material Type

12.3.3.12.3 Austria Freezer Bags Market By Application

12.3.3.13 Rest of Western Europe

12.3.3.13.1 Rest of Western Europe Freezer Bags Market By Product Type 

12.3.3.13.2 Rest of Western Europe Freezer Bags Market By Material Type

12.3.3.13.3 Rest of Western Europe Freezer Bags Market By Application

12.4 Asia-Pacific

12.4.1 Trend Analysis

12.4.2 Asia-Pacific Freezer Bags Market by Country

12.4.3 Asia-Pacific Freezer Bags Market By Product Type 

12.4.4 Asia-Pacific Freezer Bags Market By Material Type

12.4.5 Asia-Pacific Freezer Bags Market By Application

12.4.6 China

12.4.6.1 China Freezer Bags Market By Product Type 

12.4.6.2 China Freezer Bags Market By Material Type

12.4.6.3 China Freezer Bags Market By Application

12.4.7 India

12.4.7.1 India Freezer Bags Market By Product Type 

12.4.7.2 India Freezer Bags Market By Material Type

12.4.7.3 India Freezer Bags Market By Application

12.4.8 Japan

12.4.8.1 Japan Freezer Bags Market By Product Type 

12.4.8.2 Japan Freezer Bags Market By Material Type

12.4.8.3 Japan Freezer Bags Market By Application

12.4.9 South Korea

12.4.9.1 South Korea Freezer Bags Market By Product Type 

12.4.9.2 South Korea Freezer Bags Market By Material Type

12.4.9.3 South Korea Freezer Bags Market By Application

12.4.10 Vietnam

12.4.10.1 Vietnam Freezer Bags Market By Product Type 

12.4.10.2 Vietnam Freezer Bags Market By Material Type

12.4.10.3 Vietnam Freezer Bags Market By Application

12.4.11 Singapore

12.4.11.1 Singapore Freezer Bags Market By Product Type 

12.4.11.2 Singapore Freezer Bags Market By Material Type

12.4.11.3 Singapore Freezer Bags Market By Application

12.4.12 Australia

12.4.12.1 Australia Freezer Bags Market By Product Type 

12.4.12.2 Australia Freezer Bags Market By Material Type

12.4.12.3 Australia Freezer Bags Market By Application

12.4.13 Rest of Asia-Pacific

12.4.13.1 Rest of Asia-Pacific Freezer Bags Market By Product Type 

12.4.13.2 Rest of Asia-Pacific Freezer Bags Market By Material Type

12.4.13.3 Rest of Asia-Pacific Freezer Bags Market By Application

12.5 Middle East & Africa

12.5.1 Trend Analysis

12.5.2 Middle East

12.5.2.1 Middle East Freezer Bags Market by Country

12.5.2.2 Middle East Freezer Bags Market By Product Type 

12.5.2.3 Middle East Freezer Bags Market By Material Type

12.5.2.4 Middle East Freezer Bags Market By Application

12.5.2.5 UAE

12.5.2.5.1 UAE Freezer Bags Market By Product Type 

12.5.2.5.2 UAE Freezer Bags Market By Material Type

12.5.2.5.3 UAE Freezer Bags Market By Application

12.5.2.6 Egypt

12.5.2.6.1 Egypt Freezer Bags Market By Product Type 

12.5.2.6.2 Egypt Freezer Bags Market By Material Type

12.5.2.6.3 Egypt Freezer Bags Market By Application

12.5.2.7 Saudi Arabia

12.5.2.7.1 Saudi Arabia Freezer Bags Market By Product Type 

12.5.2.7.2 Saudi Arabia Freezer Bags Market By Material Type

12.5.2.7.3 Saudi Arabia Freezer Bags Market By Application

12.5.2.8 Qatar

12.5.2.8.1 Qatar Freezer Bags Market By Product Type 

12.5.2.8.2 Qatar Freezer Bags Market By Material Type

12.5.2.8.3 Qatar Freezer Bags Market By Application

12.5.2.9 Rest of Middle East

12.5.2.9.1 Rest of Middle East Freezer Bags Market By Product Type 

12.5.2.9.2 Rest of Middle East Freezer Bags Market By Material Type

12.5.2.9.3 Rest of Middle East Freezer Bags Market By Application

12.5.3 Africa

12.5.3.1 Africa Freezer Bags Market by Country

12.5.3.2 Africa Freezer Bags Market By Product Type 

12.5.3.3 Africa Freezer Bags Market By Material Type

12.5.3.4 Africa Freezer Bags Market By Application

12.5.3.5 Nigeria

12.5.3.5.1 Nigeria Freezer Bags Market By Product Type 

12.5.3.5.2 Nigeria Freezer Bags Market By Material Type

12.5.3.5.3 Nigeria Freezer Bags Market By Application

12.5.3.6 South Africa

12.5.3.6.1 South Africa Freezer Bags Market By Product Type 

12.5.3.6.2 South Africa Freezer Bags Market By Material Type

12.5.3.6.3 South Africa Freezer Bags Market By Application

12.5.3.7 Rest of Africa

12.5.3.7.1 Rest of Africa Freezer Bags Market By Product Type 

12.5.3.7.2 Rest of Africa Freezer Bags Market By Material Type

12.5.3.7.3 Rest of Africa Freezer Bags Market By Application

12.6 Latin America

12.6.1 Trend Analysis

12.6.2 Latin America Freezer Bags Market by country

12.6.3 Latin America Freezer Bags Market By Product Type 

12.6.4 Latin America Freezer Bags Market By Material Type

12.6.5 Latin America Freezer Bags Market By Application

12.6.6 Brazil

12.6.6.1 Brazil Freezer Bags Market By Product Type 

12.6.6.2 Brazil Freezer Bags Market By Material Type

12.6.6.3 Brazil Freezer Bags Market By Application

12.6.7 Argentina

12.6.7.1 Argentina Freezer Bags Market By Product Type 

12.6.7.2 Argentina Freezer Bags Market By Material Type

12.6.7.3 Argentina Freezer Bags Market By Application

12.6.8 Colombia

12.6.8.1 Colombia Freezer Bags Market By Product Type 

12.6.8.2 Colombia Freezer Bags Market By Material Type

12.6.8.3 Colombia Freezer Bags Market By Application

12.6.9 Rest of Latin America

12.6.9.1 Rest of Latin America Freezer Bags Market By Product Type 

12.6.9.2 Rest of Latin America Freezer Bags Market By Material Type

12.6.9.3 Rest of Latin America Freezer Bags Market By Application

13. Company Profiles

13.1 GELU- PLAST packaging films GmbH & Co.KG

13.1.1 Company Overview

13.1.2 Financial

13.1.3 Products/ Services Offered

13.1.4 SWOT Analysis

13.1.5 The SNS View

13.2 Plastic Slovakia s.r.o.

13.2.1 Company Overview

13.2.2 Financial

13.2.3 Products/ Services Offered

13.2.4 SWOT Analysis

13.2.5 The SNS View

13.3 EURO - pac Unterrainer GmbH

13.3.1 Company Overview

13.3.2 Financial

13.3.3 Products/ Services Offered

13.3.4 SWOT Analysis

13.3.5 The SNS View

13.4 Comcoplast Comco Commercial Cooperation GmbH

13.4.1 Company Overview

13.4.2 Financial

13.4.3 Products/ Services Offered

13.4.4 SWOT Analysis

13.4.5 The SNS View

13.5 Cofresco Frischhalteprodukte GmbH & Co. KG

13.5.1 Company Overview

13.5.2 Financial

13.5.3 Products/ Services Offered

13.5.4 SWOT Analysis

13.5.5 The SNS View

13.6 DUO-PAck Co. Ltd.

13.6.1 Company Overview

13.6.2 Financial

13.6.3 Products/ Services Offered

13.6.4 SWOT Analysis

13.6.5 The SNS View

13.7 CeDo Ltd.

13.7.1 Company Overview

13.7.2 Financial

13.7.3 Products/ Services Offered

13.7.4 SWOT Analysis

13.7.5 The SNS View

13.8 Thantawan Industry Plc.

13.8.1 Company Overview

13.8.2 Financial

13.8.3 Products/ Services Offered

13.8.4 SWOT Analysis

13.8.5 The SNS View

13.9 Keller GmbH

13.9.1 Company Overview

13.9.2 Financial

13.9.3 Products/ Services Offered

13.9.4 SWOT Analysis

13.9.5 The SNS View

13.10 Sun Plast (India)

13.10.1 Company Overview

13.10.2 Financial

13.10.3 Products/ Services Offered

13.10.4 SWOT Analysis

13.10.5 The SNS View

13.11 Teong Chuan Plastic (M) Sdn Bhd.

13.11.1 Company Overview

13.11.2 Financial

13.11.3 Products/ Services Offered

13.11.4 SWOT Analysis

13.11.5 The SNS View

13.12 American Bag Company

13.12.1 Company Overview

13.12.2 Financial

13.12.3 Products/ Services Offered

13.12.4 SWOT Analysis

13.12.5 The SNS View

13.13 Shanghai Huitai Packaging Co, LTD.

13.13.1 Company Overview

13.13.2 Financial

13.13.3 Products/ Services Offered

13.13.4 SWOT Analysis

13.13.5 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 Case 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.

Secondary Research

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.

Primary Research

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.

Data Bank Validation

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.


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