The Value of Market Research in a University Setting

According to The New York Times, 65 percent of today's grade-school students may end up working in jobs that have not been invented yet. Preparing students to succeed in a rapidly shifting economy is an ongoing challenge for many educators.

David Featherstone, M.S., Ph.D., professor of biological sciences at the University of Illinois at Chicago, believes that market research reports are an important tool to help expose undergraduate students to innovative, tech-based career opportunities.

“Most of my students are pre-health," explained Dr. Featherstone. "They are planning to become doctors, dentists or pharmacists. I wanted to make sure my students are aware of less traditional job opportunities that they might not know about.”

Topics: Academic

Winning Differentiation Strategies

In our last blog post, we discussed six ways to differentiate your business from the competition, including product, service, distribution, relationship, image/reputation, and price. We noted that some differentiation strategies are more impactful for businesses than others.

To demonstrate how this plays out in practice, let’s look at some survey data which will help to identify winning differentiation strategies. Based on our survey analysis, one of these areas of differentiation is more powerful than any of the others — by a huge margin.

Topics: Market Research Strategy Custom Market Research

3 Reasons Sales of Green Household Products Are Dropping

Can marketers persuade mainstream consumers to buy eco-friendly cleaning products? It's been a real challenge for mass brands like Clorox, Arm & Hammer, and Windex in recent years. After growing at a rapid pace through 2010, the market for green household cleaners and laundry products declined at a compound annual growth rate (CAGR) of 2 percent from 2010 to 2014. With insights from industry expert Packaged Facts and its new report Green Household Cleaning and Laundry Products in the U.S., 3rd Edition, we have identified three key factors that are contributing to the drop in sales.

Topics: House & Home Packaged Facts

Developing Countries Continue to Drive Demand for Steel Pipe

Though construction activity in China and some other developing countries has slowed since the 2009 to 2014 period, global demand for steel pipe is projected to advance 3.5 percent annually through 2019 to 79.7 million metric tons, according to a recent industry study from the Freedonia Group. Steel pipe sales are driven by the industries that use it. Read below as analyst Mariel Behnke explains.

“A number of different factors influence demand in each market. For instance, the oil and gas market is driven by energy demand, as well as oil prices and global political concerns,” notes Ms. Behnke.

Topics: Materials & Chemicals Heavy Industry The Freedonia Group

6 Ways to Differentiate Your Business from the Competition

Differentiation allows you to provide superior value to customers at an affordable price, creating a win-win scenario that can boost the overall profitability and viability of your business. Our research indicates there are six primary ways to differentiate, including product, service, channels of distribution, relationships, reputation/image, and price.

However, not all differentiation strategies are equally effective, and some methods may be more important to invest in than others in order to stand out from the competition. Read on to learn more about these different strategies and the key advantages and disadvantages associated with each one.

Topics: Market Research Strategy Custom Market Research

Millennial Pet Owners, Future of the Industry

When I started reading the Packaged Facts report Millennials as Pet Market Consumers, I laughed out loud because I truly am the poster child for Millennial pet owners. My "fur baby" Bruce is a little over one and a half, and I treat him like my real child. Bruce has a full wardrobe and is covered by pet insurance (which has paid for itself). He received a doggy cannoli on Valentine’s Day and has been given plenty of Christmas presents each year, and when I was doing my taxes last week, I thought to myself, why isn’t Bruce considered a dependent?

Topics: Pets Packaged Facts

Packaging Trends to Watch in 2016

Food and beverage is the dominant market within the packaging industry. Consider the wide array of packages that fill a single grocery store — from corrugated boxes, plastic clamshells, and stand-up pouches to resealable tubs and moisture-resistant boxes. More than just containers, these packaging formats are designed for specific uses — such as promoting aesthetic appeal and brand recognition, or monitoring temperature and prolonging shelf life.

Demand is expected to rise for produce, meat, seafood, and poultry packaging through 2019. In addition, the demand for active and intelligent packaging is forecast to increase, with the growing need for more advanced packaging technologies such as specialized gas scavenging and moisture control. In this post, three research analysts from the Freedonia Group, an international market research company owned by MarketResearch.com, weigh in to highlight key packaging trends and interesting new developments to watch.

Topics: Food & Beverage Manufacturing & Construction Industry Insights Heavy Industry The Freedonia Group

How Technology Is Changing Market Research

We asked a wide variety of market research professionals, executives, and consultants to explain how technology is changing market research. As you may suspect, we encountered conflicting points of view on this topic. While most responded positively, using words like “exciting,” “faster,” “cheaper,” and “easier” to describe the effects of technology on market research, a few others fell on the opposite side of the spectrum, citing reliability and quality concerns.

For a range of diverse viewpoints, read through the 23 different quotes from leading industry commentators below, and be sure to share your own thoughts in the comments section at the end.

Topics: Market Research Strategy Industry Insights

Long-Term Care Market Exceeds $300 Billion

The long-term care market in the United States reached $305 billion last year, according to a new report by Kalorama Information, a healthcare market research firm own by MarketResearch.com. Long-term care encompasses a continuum of services including home care, assisted living, hospice, and skilled nursing care. It is estimated that two out of five Americans will need long-term care at some point in their lives. The vast majority of people using long-term care services are senior citizens.

Topics: Healthcare Kalorama Information Industry Insights

Market Trends for Locks, Safes, and Vaults

The mechanical security industry, including locks, safes, and vaults, will grow 5.4 percent annually through 2020 to $6.1 billion. The large lock segment accounted for 72 percent of industry demand in 2015 and will drive growth. The recovering construction industry will support demand, while ongoing shifts to higher value electrified products, particularly door locks and door security hardware that are used with electronic access control systems, will assist gains, too. The need for electrified versions of mechanical security products will continue to rise as access control and other such systems are installed at more entry points. The newly published study Mechanical Security Products further discusses the markets.

Topics: House & Home Industry Insights The Freedonia Group