Methodology
We implement a mix of primary and secondary research for our market estimate and forecast. Secondary research forms the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, government and regulatory published material, technical journals, trade magazines paid data sources. This forms the basis of our estimates.
For forecasting, the following parameters were considered:
• Market drivers and restraints, along with their current and expected impacts
• Technological scenario and expected developments
• End-use industry trends and dynamics
• Trends in consumer behavior
We assigned weights to these parameters and have quantified their market impact using weighted average analysis, to derive an expected market growth rate.
All our estimates and forecasts were verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
• Market leading companies
• Raw material manufacturers
• System integrators
The key objectives of primary research are as follows:
• To validate our data in terms of accuracy and acceptability
• To gain an insight into the current market and future expectations
These exhaustive primary interviews help our analysts in validating market and segment estimates and forecast. Additionally, we also gain significant industry insights, key developments and expectations. Grand View Research only utilizes validated and authenticated secondary data sources. Some of the secondary sources used for this report include but are not limited to:
• U.S. Department of Health and Human Services
• BRC Global Standards
• World Packaging Organization (WPO)
• Food Safety and Standards Regulations
• Nanotechnology Industries Association
• Food Packaging Form
• International Ozone Association
• World Health Organization (WHO)
• U.S. Environmental Protection Agency
• U.S. Food and Drug Administration
• European Food Standards Agency
Data Collection Matrix
Perspective |
Primary research |
Secondary research |
Supply side |
|
|
Demand side |
|
|
Industry Analysis Matrix
Qualitative analysis |
Quantitative analysis |
|
|