Key Insights
The Southeast Asia bio-PET market is experiencing robust growth, driven by increasing environmental concerns and the rising demand for sustainable packaging solutions. With a Compound Annual Growth Rate (CAGR) exceeding 5%, the market is projected to reach a significant value over the forecast period (2025-2033). Key drivers include the stringent regulations on conventional plastics, the burgeoning beverage and food industries pushing for eco-friendly alternatives, and a growing consumer preference for sustainable products. Leading players like Danone, PepsiCo, and Coca-Cola are actively investing in bio-PET to meet these demands, further fueling market expansion. However, challenges remain, including the higher cost of bio-PET compared to conventional PET and the limited availability of bio-based feedstock in some regions. Technological advancements aiming to reduce production costs and improve the performance of bio-PET are expected to address these limitations. The market segmentation is likely diverse, with various applications across food and beverage packaging, personal care, and textiles. Regional variations are expected, with faster growth in countries with stronger environmental regulations and higher consumer awareness. The market's future trajectory suggests continued growth, driven by innovation and the increasing focus on sustainable practices within the packaging sector. While specific figures for market size are not provided, the combination of a CAGR of over 5% and the substantial presence of major global players indicates a substantial and rapidly expanding market, estimated to be in the hundreds of millions of dollars by 2033, based on current market trends and projected growth.
The Southeast Asia bio-PET market presents lucrative opportunities for investors and businesses. Strategic partnerships between bio-PET producers and large consumer goods companies are crucial for scaling up production and distribution. Further research and development focusing on cost-effective bio-based feedstock and enhanced bio-PET properties are essential for ensuring the long-term viability and competitiveness of this market. Government initiatives promoting sustainable packaging and the circular economy will further boost market growth. The continuous innovation in bio-PET production and the development of new applications will drive significant market expansion in the coming years. The market's success hinges on balancing environmental sustainability with economic viability, making responsible sourcing and efficient manufacturing processes vital for sustained growth.

Southeast Asia Bio-PET Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the Southeast Asia Bio-PET market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a focus on 2025, this report dissects market dynamics, growth drivers, challenges, and emerging opportunities within this rapidly evolving sector. The report leverages extensive primary and secondary research, incorporating data from key players such as Danone, Indorama Ventures Public Company Limited, Pepsico, Plastipak Holdings Inc, TEIJIN LIMITED, The Coca-Cola Company, Toray Industries INC, and Toyota Tsusho, to deliver actionable intelligence. The report projects a xx Million market value by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033).
Southeast Asia Bio-PET Market Market Concentration & Innovation
The Southeast Asia Bio-PET market exhibits a moderately concentrated landscape, with a few major players holding significant market share. Indorama Ventures Public Company Limited and other global players maintain leading positions due to their extensive production capacity and established distribution networks. However, the market is witnessing increased competition from smaller, specialized companies focusing on niche applications and sustainable production practices. Market share dynamics are influenced by factors such as technological innovation, R&D investments, and strategic partnerships.
- Market Concentration: The top 5 players account for approximately xx% of the market share in 2025.
- Innovation Drivers: Sustainability concerns drive innovation towards biodegradable and recycled PET materials, pushing companies to invest in advanced recycling technologies.
- Regulatory Frameworks: Government policies promoting circular economy initiatives and reducing plastic waste significantly impact market growth. Variations in regulations across Southeast Asian nations create unique opportunities and challenges.
- Product Substitutes: Alternatives like bioplastics from other sources and alternative packaging materials pose a competitive threat, albeit a limited one due to the superior properties of Bio-PET.
- End-User Trends: The growing demand for sustainable and eco-friendly packaging across various end-use sectors (food and beverages, personal care, etc.) is a key market driver.
- M&A Activities: The market has witnessed several strategic mergers and acquisitions (M&A) in recent years, primarily focused on expanding production capacity, securing raw material supply, and enhancing technological capabilities. Total M&A deal value in the last 5 years is estimated at xx Million.
Southeast Asia Bio-PET Market Industry Trends & Insights
The Southeast Asia Bio-PET market is experiencing robust growth, driven by several key factors. Increasing environmental awareness among consumers and stringent government regulations on plastic waste are pushing the adoption of sustainable packaging solutions. The rising demand for convenience foods and beverages, coupled with the increasing disposable income across the region, further fuels market expansion. Technological advancements in bio-PET production, including improved recycling technologies and enhanced material properties, are contributing to the overall market growth trajectory. However, fluctuating raw material prices and potential supply chain disruptions present ongoing challenges. Market penetration of Bio-PET within the broader PET packaging market is estimated at xx% in 2025, projected to reach xx% by 2033.

Dominant Markets & Segments in Southeast Asia Bio-PET Market
Indonesia and the Philippines emerge as dominant markets within the Southeast Asia Bio-PET landscape, driven by factors such as large populations, expanding economies, and significant growth in the food and beverage sectors. Thailand also holds a considerable market share due to its robust manufacturing base and established infrastructure.
- Key Drivers in Indonesia: Rapid economic growth, increasing disposable incomes, and government initiatives promoting sustainable packaging are major contributors to market dominance.
- Key Drivers in Philippines: Growing demand for packaged food and beverages, coupled with strategic partnerships between key players for recycling infrastructure development significantly boost the market.
- Key Drivers in Thailand: Well-established manufacturing sector, strong logistics network, and supportive government policies favoring eco-friendly materials.
Dominance Analysis: The dominance of Indonesia and the Philippines is primarily attributed to their substantial populations, burgeoning middle class, and growing consumer preference for convenient packaged goods. Thailand benefits from existing infrastructure and a favorable business environment.
Southeast Asia Bio-PET Market Product Developments
Significant advancements in bio-PET technology have led to the development of products with improved properties such as enhanced clarity, strength, and barrier performance. This focus on material enhancements extends the range of applications for bio-PET, further driving market penetration across various end-use sectors. The incorporation of recycled content into bio-PET products is gaining traction, further enhancing their sustainability profile and appeal to environmentally conscious consumers.
Report Scope & Segmentation Analysis
This report segments the Southeast Asia Bio-PET market based on various factors, providing a detailed analysis of each segment's growth trajectory, market size, and competitive dynamics. These segments include:
By Type: This segment categorizes the market into different types of bio-PET, such as fully biodegradable and partially biodegradable materials, each with distinct properties and applications. The fully biodegradable segment is projected to experience higher growth due to increasing consumer demand for truly sustainable options. Market size for fully biodegradable Bio-PET is xx Million in 2025, projected to reach xx Million by 2033.
By Application: This segmentation analyzes the market across different applications of Bio-PET, including food & beverage packaging, personal care products, and others. The food and beverage sector is expected to be the largest application segment throughout the forecast period, given the rising demand for packaged food and beverages.
By Country: Detailed analysis is provided for key markets across Southeast Asia, including Indonesia, the Philippines, Thailand, Vietnam, and others. The report details the market size and growth rate for each country, highlighting specific market drivers and challenges.
Key Drivers of Southeast Asia Bio-PET Market Growth
The Southeast Asia Bio-PET market is experiencing significant growth driven by factors including:
- Growing Environmental Awareness: Increasing consumer consciousness regarding environmental sustainability is driving the demand for eco-friendly packaging options.
- Stringent Government Regulations: Regulations targeting plastic waste reduction and promoting sustainable alternatives are creating favorable market conditions.
- Technological Advancements: Improvements in bio-PET production technologies are leading to cost-effective and high-quality materials.
- Expanding Food & Beverage Sector: The region's rapidly expanding food and beverage industry is a key growth driver for the Bio-PET market.
Challenges in the Southeast Asia Bio-PET Market Sector
Despite considerable growth potential, several challenges constrain the Southeast Asia Bio-PET market:
- High Production Costs: Compared to conventional PET, bio-PET currently commands higher production costs, limiting its widespread adoption.
- Limited Recycling Infrastructure: Inadequate recycling infrastructure in certain regions poses a challenge to the wider implementation of bio-PET.
- Fluctuating Raw Material Prices: The prices of raw materials used in bio-PET production can be volatile, affecting the overall market profitability.
Emerging Opportunities in Southeast Asia Bio-PET Market
The Southeast Asia Bio-PET market presents several emerging opportunities:
- Development of Advanced Recycling Technologies: Investing in and implementing innovative recycling technologies for bio-PET will enhance its circularity and sustainability aspects.
- Exploration of New Applications: Expanding the applications of bio-PET beyond traditional packaging into other sectors like textiles and automotive will broaden market potential.
- Strategic Partnerships and Collaborations: Joint ventures and partnerships between key players can help to accelerate the market growth and overcome challenges.
Leading Players in the Southeast Asia Bio-PET Market Market
- Danone
- Indorama Ventures Public Company Limited
- Pepsico
- Plastipak Holdings Inc
- TEIJIN LIMITED
- The Coca-Cola Company
- Toray Industries INC
- Toyota Tsusho
Key Developments in Southeast Asia Bio-PET Market Industry
- October 2022: Indorama Ventures Public Company Limited (IVL), in partnership with Coca-Cola Beverages Philippines, announced the opening of a PETValue bottle-to-bottle recycling plant in the Philippines, enabling the recycling of approximately 2 billion used PET plastic bottles annually.
- July 2021: Indorama Ventures Public Company Limited announced plans to construct a new PET recycling facility in West Java, Indonesia, with an annual capacity of 1.92 billion PET plastic bottles, operational by 2023.
Strategic Outlook for Southeast Asia Bio-PET Market Market
The Southeast Asia Bio-PET market exhibits significant growth potential, driven by increasing consumer preference for sustainable packaging, supportive government regulations, and technological advancements. Continued investment in recycling infrastructure and the development of innovative bio-PET products will further propel market expansion. The focus on circular economy initiatives and sustainable practices will be crucial for long-term market success. The market is poised for considerable expansion throughout the forecast period, presenting numerous opportunities for existing and new market entrants.
Southeast Asia Bio-PET Market Segmentation
-
1. Application
- 1.1. Bottles
- 1.2. Packaging
- 1.3. Consumer Durables
- 1.4. Furniture
- 1.5. Films
- 1.6. Other Applications
-
2. Geography
- 2.1. Indonesia
- 2.2. Singapore
- 2.3. Philippines
- 2.4. Thailand
- 2.5. Malaysia
- 2.6. Rest of Southeast Asia
Southeast Asia Bio-PET Market Segmentation By Geography
- 1. Indonesia
- 2. Singapore
- 3. Philippines
- 4. Thailand
- 5. Malaysia
- 6. Rest of Southeast Asia

Southeast Asia Bio-PET Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of > 5.00% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. The Growing Concern about Greenhouse Gas Emissions; Environmental Factors Promoting the Demand for Bio-PET
- 3.3. Market Restrains
- 3.3.1. The Growing Concern about Greenhouse Gas Emissions; Environmental Factors Promoting the Demand for Bio-PET
- 3.4. Market Trends
- 3.4.1. Bottles Application to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Southeast Asia Bio-PET Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Bottles
- 5.1.2. Packaging
- 5.1.3. Consumer Durables
- 5.1.4. Furniture
- 5.1.5. Films
- 5.1.6. Other Applications
- 5.2. Market Analysis, Insights and Forecast - by Geography
- 5.2.1. Indonesia
- 5.2.2. Singapore
- 5.2.3. Philippines
- 5.2.4. Thailand
- 5.2.5. Malaysia
- 5.2.6. Rest of Southeast Asia
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Indonesia
- 5.3.2. Singapore
- 5.3.3. Philippines
- 5.3.4. Thailand
- 5.3.5. Malaysia
- 5.3.6. Rest of Southeast Asia
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. Indonesia Southeast Asia Bio-PET Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Application
- 6.1.1. Bottles
- 6.1.2. Packaging
- 6.1.3. Consumer Durables
- 6.1.4. Furniture
- 6.1.5. Films
- 6.1.6. Other Applications
- 6.2. Market Analysis, Insights and Forecast - by Geography
- 6.2.1. Indonesia
- 6.2.2. Singapore
- 6.2.3. Philippines
- 6.2.4. Thailand
- 6.2.5. Malaysia
- 6.2.6. Rest of Southeast Asia
- 6.1. Market Analysis, Insights and Forecast - by Application
- 7. Singapore Southeast Asia Bio-PET Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Application
- 7.1.1. Bottles
- 7.1.2. Packaging
- 7.1.3. Consumer Durables
- 7.1.4. Furniture
- 7.1.5. Films
- 7.1.6. Other Applications
- 7.2. Market Analysis, Insights and Forecast - by Geography
- 7.2.1. Indonesia
- 7.2.2. Singapore
- 7.2.3. Philippines
- 7.2.4. Thailand
- 7.2.5. Malaysia
- 7.2.6. Rest of Southeast Asia
- 7.1. Market Analysis, Insights and Forecast - by Application
- 8. Philippines Southeast Asia Bio-PET Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Application
- 8.1.1. Bottles
- 8.1.2. Packaging
- 8.1.3. Consumer Durables
- 8.1.4. Furniture
- 8.1.5. Films
- 8.1.6. Other Applications
- 8.2. Market Analysis, Insights and Forecast - by Geography
- 8.2.1. Indonesia
- 8.2.2. Singapore
- 8.2.3. Philippines
- 8.2.4. Thailand
- 8.2.5. Malaysia
- 8.2.6. Rest of Southeast Asia
- 8.1. Market Analysis, Insights and Forecast - by Application
- 9. Thailand Southeast Asia Bio-PET Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Application
- 9.1.1. Bottles
- 9.1.2. Packaging
- 9.1.3. Consumer Durables
- 9.1.4. Furniture
- 9.1.5. Films
- 9.1.6. Other Applications
- 9.2. Market Analysis, Insights and Forecast - by Geography
- 9.2.1. Indonesia
- 9.2.2. Singapore
- 9.2.3. Philippines
- 9.2.4. Thailand
- 9.2.5. Malaysia
- 9.2.6. Rest of Southeast Asia
- 9.1. Market Analysis, Insights and Forecast - by Application
- 10. Malaysia Southeast Asia Bio-PET Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Application
- 10.1.1. Bottles
- 10.1.2. Packaging
- 10.1.3. Consumer Durables
- 10.1.4. Furniture
- 10.1.5. Films
- 10.1.6. Other Applications
- 10.2. Market Analysis, Insights and Forecast - by Geography
- 10.2.1. Indonesia
- 10.2.2. Singapore
- 10.2.3. Philippines
- 10.2.4. Thailand
- 10.2.5. Malaysia
- 10.2.6. Rest of Southeast Asia
- 10.1. Market Analysis, Insights and Forecast - by Application
- 11. Rest of Southeast Asia Southeast Asia Bio-PET Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Application
- 11.1.1. Bottles
- 11.1.2. Packaging
- 11.1.3. Consumer Durables
- 11.1.4. Furniture
- 11.1.5. Films
- 11.1.6. Other Applications
- 11.2. Market Analysis, Insights and Forecast - by Geography
- 11.2.1. Indonesia
- 11.2.2. Singapore
- 11.2.3. Philippines
- 11.2.4. Thailand
- 11.2.5. Malaysia
- 11.2.6. Rest of Southeast Asia
- 11.1. Market Analysis, Insights and Forecast - by Application
- 12. Competitive Analysis
- 12.1. Market Share Analysis 2024
- 12.2. Company Profiles
- 12.2.1 Danone
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 Indorama Ventures Public Company Limited
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Pepsico
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Plastipak Holdings Inc
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 TEIJIN LIMITED
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 The Coca-Cola Company
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 Toray Industries INC
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 Toyota Tsusho*List Not Exhaustive
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.1 Danone
List of Figures
- Figure 1: Southeast Asia Bio-PET Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Southeast Asia Bio-PET Market Share (%) by Company 2024
List of Tables
- Table 1: Southeast Asia Bio-PET Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Southeast Asia Bio-PET Market Revenue Million Forecast, by Application 2019 & 2032
- Table 3: Southeast Asia Bio-PET Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 4: Southeast Asia Bio-PET Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Southeast Asia Bio-PET Market Revenue Million Forecast, by Application 2019 & 2032
- Table 6: Southeast Asia Bio-PET Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 7: Southeast Asia Bio-PET Market Revenue Million Forecast, by Country 2019 & 2032
- Table 8: Southeast Asia Bio-PET Market Revenue Million Forecast, by Application 2019 & 2032
- Table 9: Southeast Asia Bio-PET Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 10: Southeast Asia Bio-PET Market Revenue Million Forecast, by Country 2019 & 2032
- Table 11: Southeast Asia Bio-PET Market Revenue Million Forecast, by Application 2019 & 2032
- Table 12: Southeast Asia Bio-PET Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 13: Southeast Asia Bio-PET Market Revenue Million Forecast, by Country 2019 & 2032
- Table 14: Southeast Asia Bio-PET Market Revenue Million Forecast, by Application 2019 & 2032
- Table 15: Southeast Asia Bio-PET Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 16: Southeast Asia Bio-PET Market Revenue Million Forecast, by Country 2019 & 2032
- Table 17: Southeast Asia Bio-PET Market Revenue Million Forecast, by Application 2019 & 2032
- Table 18: Southeast Asia Bio-PET Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 19: Southeast Asia Bio-PET Market Revenue Million Forecast, by Country 2019 & 2032
- Table 20: Southeast Asia Bio-PET Market Revenue Million Forecast, by Application 2019 & 2032
- Table 21: Southeast Asia Bio-PET Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 22: Southeast Asia Bio-PET Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Southeast Asia Bio-PET Market?
The projected CAGR is approximately > 5.00%.
2. Which companies are prominent players in the Southeast Asia Bio-PET Market?
Key companies in the market include Danone, Indorama Ventures Public Company Limited, Pepsico, Plastipak Holdings Inc, TEIJIN LIMITED, The Coca-Cola Company, Toray Industries INC, Toyota Tsusho*List Not Exhaustive.
3. What are the main segments of the Southeast Asia Bio-PET Market?
The market segments include Application, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
The Growing Concern about Greenhouse Gas Emissions; Environmental Factors Promoting the Demand for Bio-PET.
6. What are the notable trends driving market growth?
Bottles Application to Dominate the Market.
7. Are there any restraints impacting market growth?
The Growing Concern about Greenhouse Gas Emissions; Environmental Factors Promoting the Demand for Bio-PET.
8. Can you provide examples of recent developments in the market?
In October 2022, Indorama Ventures Public Company Limited (IVL), in partnership with Coca-Cola Beverages Philippines, announced to open PETValue bottle-to-bottle recycling plant in the Philippines. This strategic joint venture allows IVL to recycle about 2 billion additional used PET plastic bottles in the Philippines.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Southeast Asia Bio-PET Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Southeast Asia Bio-PET Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Southeast Asia Bio-PET Market?
To stay informed about further developments, trends, and reports in the Southeast Asia Bio-PET Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence