1 Market Overview
1.1 Walnut Shells Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Walnut Shells Revenue by Type: 2017 Versus 2021 Versus 2028
1.2.2 6-12 Mesh
1.2.3 12-40 Mesh
1.2.4 40-60 Mesh
1.2.5 40-200 Mesh
1.2.6 Other
1.3 Market Analysis by Application
1.3.1 Overview: Global Walnut Shells Revenue by Application: 2017 Versus 2021 Versus 2028
1.3.2 Cosmetic
1.3.3 Industry
1.3.4 Other
1.4 Global Walnut Shells Market Size & Forecast
1.4.1 Global Walnut Shells Sales in Value (2017 & 2021 & 2028)
1.4.2 Global Walnut Shells Sales in Volume (2017-2028)
1.4.3 Global Walnut Shells Price (2017-2028)
1.5 Global Walnut Shells Production Capacity Analysis
1.5.1 Global Walnut Shells Total Production Capacity (2017-2028)
1.5.2 Global Walnut Shells Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Walnut Shells Market Drivers
1.6.2 Walnut Shells Market Restraints
1.6.3 Walnut Shells Trends Analysis
2 Manufacturers Profiles
2.1 McKinley Resources
2.1.1 McKinley Resources Details
2.1.2 McKinley Resources Major Business
2.1.3 McKinley Resources Walnut Shells Product and Services
2.1.4 McKinley Resources Walnut Shells Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.2 Composition Materials
2.2.1 Composition Materials Details
2.2.2 Composition Materials Major Business
2.2.3 Composition Materials Walnut Shells Product and Services
2.2.4 Composition Materials Walnut Shells Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.3 BioPowder
2.3.1 BioPowder Details
2.3.2 BioPowder Major Business
2.3.3 BioPowder Walnut Shells Product and Services
2.3.4 BioPowder Walnut Shells Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.4 Eco-Shell
2.4.1 Eco-Shell Details
2.4.2 Eco-Shell Major Business
2.4.3 Eco-Shell Walnut Shells Product and Services
2.4.4 Eco-Shell Walnut Shells Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.5 Hammons Products Company
2.5.1 Hammons Products Company Details
2.5.2 Hammons Products Company Major Business
2.5.3 Hammons Products Company Walnut Shells Product and Services
2.5.4 Hammons Products Company Walnut Shells Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.6 Eden Products Ltd
2.6.1 Eden Products Ltd Details
2.6.2 Eden Products Ltd Major Business
2.6.3 Eden Products Ltd Walnut Shells Product and Services
2.6.4 Eden Products Ltd Walnut Shells Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.7 NT Ruddock
2.7.1 NT Ruddock Details
2.7.2 NT Ruddock Major Business
2.7.3 NT Ruddock Walnut Shells Product and Services
2.7.4 NT Ruddock Walnut Shells Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
3 Walnut Shells Breakdown Data by Manufacturer
3.1 Global Walnut Shells Sales in Volume by Manufacturer (2019, 2020, 2021, and 2022)
3.2 Global Walnut Shells Revenue by Manufacturer (2019, 2020, 2021, and 2022)
3.3 Key Manufacturer Market Position in Walnut Shells
3.4 Market Concentration Rate
3.4.1 Top 3 Walnut Shells Manufacturer Market Share in 2021
3.4.2 Top 6 Walnut Shells Manufacturer Market Share in 2021
3.5 Global Walnut Shells Production Capacity by Company: 2021 VS 2022
3.6 Manufacturer by Geography: Head Office and Walnut Shells Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Walnut Shells Market Size by Region
4.1.1 Global Walnut Shells Sales in Volume by Region (2017-2028)
4.1.2 Global Walnut Shells Revenue by Region (2017-2028)
4.2 North America Walnut Shells Revenue (2017-2028)
4.3 Europe Walnut Shells Revenue (2017-2028)
4.4 Asia-Pacific Walnut Shells Revenue (2017-2028)
4.5 South America Walnut Shells Revenue (2017-2028)
4.6 Middle East and Africa Walnut Shells Revenue (2017-2028)
5 Market Segment by Type
5.1 Global Walnut Shells Sales in Volume by Type (2017-2028)
5.2 Global Walnut Shells Revenue by Type (2017-2028)
5.3 Global Walnut Shells Price by Type (2017-2028)
6 Market Segment by Application
6.1 Global Walnut Shells Sales in Volume by Application (2017-2028)
6.2 Global Walnut Shells Revenue by Application (2017-2028)
6.3 Global Walnut Shells Price by Application (2017-2028)
7 North America by Country, by Type, and by Application
7.1 North America Walnut Shells Sales by Type (2017-2028)
7.2 North America Walnut Shells Sales by Application (2017-2028)
7.3 North America Walnut Shells Market Size by Country
7.3.1 North America Walnut Shells Sales in Volume by Country (2017-2028)
7.3.2 North America Walnut Shells Revenue by Country (2017-2028)
7.3.3 United States Market Size and Forecast (2017-2028)
7.3.4 Canada Market Size and Forecast (2017-2028)
7.3.5 Mexico Market Size and Forecast (2017-2028)
8 Europe by Country, by Type, and by Application
8.1 Europe Walnut Shells Sales by Type (2017-2028)
8.2 Europe Walnut Shells Sales by Application (2017-2028)
8.3 Europe Walnut Shells Market Size by Country
8.3.1 Europe Walnut Shells Sales in Volume by Country (2017-2028)
8.3.2 Europe Walnut Shells Revenue by Country (2017-2028)
8.3.3 Germany Market Size and Forecast (2017-2028)
8.3.4 France Market Size and Forecast (2017-2028)
8.3.5 United Kingdom Market Size and Forecast (2017-2028)
8.3.6 Russia Market Size and Forecast (2017-2028)
8.3.7 Italy Market Size and Forecast (2017-2028)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Walnut Shells Sales by Type (2017-2028)
9.2 Asia-Pacific Walnut Shells Sales by Application (2017-2028)
9.3 Asia-Pacific Walnut Shells Market Size by Region
9.3.1 Asia-Pacific Walnut Shells Sales in Volume by Region (2017-2028)
9.3.2 Asia-Pacific Walnut Shells Revenue by Region (2017-2028)
9.3.3 China Market Size and Forecast (2017-2028)
9.3.4 Japan Market Size and Forecast (2017-2028)
9.3.5 Korea Market Size and Forecast (2017-2028)
9.3.6 India Market Size and Forecast (2017-2028)
9.3.7 Southeast Asia Market Size and Forecast (2017-2028)
9.3.8 Australia Market Size and Forecast (2017-2028)
10 South America by Region, by Type, and by Application
10.1 South America Walnut Shells Sales by Type (2017-2028)
10.2 South America Walnut Shells Sales by Application (2017-2028)
10.3 South America Walnut Shells Market Size by Country
10.3.1 South America Walnut Shells Sales in Volume by Country (2017-2028)
10.3.2 South America Walnut Shells Revenue by Country (2017-2028)
10.3.3 Brazil Market Size and Forecast (2017-2028)
10.3.4 Argentina Market Size and Forecast (2017-2028)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Walnut Shells Sales by Type (2017-2028)
11.2 Middle East & Africa Walnut Shells Sales by Application (2017-2028)
11.3 Middle East & Africa Walnut Shells Market Size by Country
11.3.1 Middle East & Africa Walnut Shells Sales in Volume by Country (2017-2028)
11.3.2 Middle East & Africa Walnut Shells Revenue by Country (2017-2028)
11.3.3 Turkey Market Size and Forecast (2017-2028)
11.3.4 Egypt Market Size and Forecast (2017-2028)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2028)
11.3.6 South Africa Market Size and Forecast (2017-2028)
12 Raw Material and Industry Chain
12.1 Raw Material of Walnut Shells and Key Manufacturers
12.2 Manufacturing Costs Percentage of Walnut Shells
12.3 Walnut Shells Production Process
12.4 Walnut Shells Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Walnut Shells Typical Distributors
13.3 Walnut Shells Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer
Table 1. Global Walnut Shells Revenue by Type, (USD Million), 2017 & 2021 & 2028
Table 2. Global Walnut Shells Revenue by Application, (USD Million), 2017 & 2021 & 2028
Table 3. McKinley Resources Basic Information, Manufacturing Base and Competitors
Table 4. McKinley Resources Major Business
Table 5. McKinley Resources Walnut Shells Product and Services
Table 6. McKinley Resources Walnut Shells Sales (Tons), Price (US$/Ton), Revenue (USD Million), Gross Margin and Market Share (2019, 2020, 2021, and 2022)
Table 7. Composition Materials Basic Information, Manufacturing Base and Competitors
Table 8. Composition Materials Major Business
Table 9. Composition Materials Walnut Shells Product and Services
Table 10. Composition Materials Walnut Shells Sales (Tons), Price (US$/Ton), Revenue (USD Million), Gross Margin and Market Share (2019, 2020, 2021, and 2022)
Table 11. BioPowder Basic Information, Manufacturing Base and Competitors
Table 12. BioPowder Major Business
Table 13. BioPowder Walnut Shells Product and Services
Table 14. BioPowder Walnut Shells Sales (Tons), Price (US$/Ton), Revenue (USD Million), Gross Margin and Market Share (2019, 2020, 2021, and 2022)
Table 15. Eco-Shell Basic Information, Manufacturing Base and Competitors
Table 16. Eco-Shell Major Business
Table 17. Eco-Shell Walnut Shells Product and Services
Table 18. Eco-Shell Walnut Shells Sales (Tons), Price (US$/Ton), Revenue (USD Million), Gross Margin and Market Share (2019, 2020, 2021, and 2022)
Table 19. Hammons Products Company Basic Information, Manufacturing Base and Competitors
Table 20. Hammons Products Company Major Business
Table 21. Hammons Products Company Walnut Shells Product and Services
Table 22. Hammons Products Company Walnut Shells Sales (Tons), Price (US$/Ton), Revenue (USD Million), Gross Margin and Market Share (2019, 2020, 2021, and 2022)
Table 23. Eden Products Ltd Basic Information, Manufacturing Base and Competitors
Table 24. Eden Products Ltd Major Business
Table 25. Eden Products Ltd Walnut Shells Product and Services
Table 26. Eden Products Ltd Walnut Shells Sales (Tons), Price (US$/Ton), Revenue (USD Million), Gross Margin and Market Share (2019, 2020, 2021, and 2022)
Table 27. NT Ruddock Basic Information, Manufacturing Base and Competitors
Table 28. NT Ruddock Major Business
Table 29. NT Ruddock Walnut Shells Product and Services
Table 30. NT Ruddock Walnut Shells Sales (Tons), Price (US$/Ton), Revenue (USD Million), Gross Margin and Market Share (2019, 2020, 2021, and 2022)
Table 31. Global Walnut Shells Sales by Manufacturer (2019, 2020, 2021, and 2022) & (Tons)
Table 32. Global Walnut Shells Revenue by Manufacturer (2019, 2020, 2021, and 2022) & (USD Million)
Table 33. Market Position of Manufacturers in Walnut Shells, (Tier 1, Tier 2, and Tier 3), Based on Revenue in 2021
Table 34. Global Walnut Shells Production Capacity by Company, (Tons): 2020 VS 2021
Table 35. Head Office and Walnut Shells Production Site of Key Manufacturer
Table 36. Walnut Shells New Entrant and Capacity Expansion Plans
Table 37. Walnut Shells Mergers & Acquisitions in the Past Five Years
Table 38. Global Walnut Shells Sales by Region (2017-2022) & (Tons)
Table 39. Global Walnut Shells Sales by Region (2023-2028) & (Tons)
Table 40. Global Walnut Shells Revenue by Region (2017-2022) & (USD Million)
Table 41. Global Walnut Shells Revenue by Region (2023-2028) & (USD Million)
Table 42. Global Walnut Shells Sales by Type (2017-2022) & (Tons)
Table 43. Global Walnut Shells Sales by Type (2023-2028) & (Tons)
Table 44. Global Walnut Shells Revenue by Type (2017-2022) & (USD Million)
Table 45. Global Walnut Shells Revenue by Type (2023-2028) & (USD Million)
Table 46. Global Walnut Shells Price by Type (2017-2022) & (US$/Ton)
Table 47. Global Walnut Shells Price by Type (2023-2028) & (US$/Ton)
Table 48. Global Walnut Shells Sales by Application (2017-2022) & (Tons)
Table 49. Global Walnut Shells Sales by Application (2023-2028) & (Tons)
Table 50. Global Walnut Shells Revenue by Application (2017-2022) & (USD Million)
Table 51. Global Walnut Shells Revenue by Application (2023-2028) & (USD Million)
Table 52. Global Walnut Shells Price by Application (2017-2022) & (US$/Ton)
Table 53. Global Walnut Shells Price by Application (2023-2028) & (US$/Ton)
Table 54. North America Walnut Shells Sales by Country (2017-2022) & (Tons)
Table 55. North America Walnut Shells Sales by Country (2023-2028) & (Tons)
Table 56. North America Walnut Shells Revenue by Country (2017-2022) & (USD Million)
Table 57. North America Walnut Shells Revenue by Country (2023-2028) & (USD Million)
Table 58. North America Walnut Shells Sales by Type (2017-2022) & (Tons)
Table 59. North America Walnut Shells Sales by Type (2023-2028) & (Tons)
Table 60. North America Walnut Shells Sales by Application (2017-2022) & (Tons)
Table 61. North America Walnut Shells Sales by Application (2023-2028) & (Tons)
Table 62. Europe Walnut Shells Sales by Country (2017-2022) & (Tons)
Table 63. Europe Walnut Shells Sales by Country (2023-2028) & (Tons)
Table 64. Europe Walnut Shells Revenue by Country (2017-2022) & (USD Million)
Table 65. Europe Walnut Shells Revenue by Country (2023-2028) & (USD Million)
Table 66. Europe Walnut Shells Sales by Type (2017-2022) & (Tons)
Table 67. Europe Walnut Shells Sales by Type (2023-2028) & (Tons)
Table 68. Europe Walnut Shells Sales by Application (2017-2022) & (Tons)
Table 69. Europe Walnut Shells Sales by Application (2023-2028) & (Tons)
Table 70. Asia-Pacific Walnut Shells Sales by Region (2017-2022) & (Tons)
Table 71. Asia-Pacific Walnut Shells Sales by Region (2023-2028) & (Tons)
Table 72. Asia-Pacific Walnut Shells Revenue by Region (2017-2022) & (USD Million)
Table 73. Asia-Pacific Walnut Shells Revenue by Region (2023-2028) & (USD Million)
Table 74. Asia-Pacific Walnut Shells Sales by Type (2017-2022) & (Tons)
Table 75. Asia-Pacific Walnut Shells Sales by Type (2023-2028) & (Tons)
Table 76. Asia-Pacific Walnut Shells Sales by Application (2017-2022) & (Tons)
Table 77. Asia-Pacific Walnut Shells Sales by Application (2023-2028) & (Tons)
Table 78. South America Walnut Shells Sales by Country (2017-2022) & (Tons)
Table 79. South America Walnut Shells Sales by Country (2023-2028) & (Tons)
Table 80. South America Walnut Shells Revenue by Country (2017-2022) & (USD Million)
Table 81. South America Walnut Shells Revenue by Country (2023-2028) & (USD Million)
Table 82. South America Walnut Shells Sales by Type (2017-2022) & (Tons)
Table 83. South America Walnut Shells Sales by Type (2023-2028) & (Tons)
Table 84. South America Walnut Shells Sales by Application (2017-2022) & (Tons)
Table 85. South America Walnut Shells Sales by Application (2023-2028) & (Tons)
Table 86. Middle East & Africa Walnut Shells Sales by Region (2017-2022) & (Tons)
Table 87. Middle East & Africa Walnut Shells Sales by Region (2023-2028) & (Tons)
Table 88. Middle East & Africa Walnut Shells Revenue by Region (2017-2022) & (USD Million)
Table 89. Middle East & Africa Walnut Shells Revenue by Region (2023-2028) & (USD Million)
Table 90. Middle East & Africa Walnut Shells Sales by Type (2017-2022) & (Tons)
Table 91. Middle East & Africa Walnut Shells Sales by Type (2023-2028) & (Tons)
Table 92. Middle East & Africa Walnut Shells Sales by Application (2017-2022) & (Tons)
Table 93. Middle East & Africa Walnut Shells Sales by Application (2023-2028) & (Tons)
Table 94. Walnut Shells Raw Material
Table 95. Key Manufacturers of Walnut Shells Raw Materials
Table 96. Direct Channel Pros & Cons
Table 97. Indirect Channel Pros & Cons
Table 98. Walnut Shells Typical Distributors
Table 99. Walnut Shells Typical Customers
List of Figures
Figure 1. Walnut Shells Picture
Figure 2. Global Walnut Shells Revenue Market Share by Type in 2021
Figure 3. 6-12 Mesh
Figure 4. 12-40 Mesh
Figure 5. 40-60 Mesh
Figure 6. 40-200 Mesh
Figure 7. Other
Figure 8. Global Walnut Shells Revenue Market Share by Application in 2021
Figure 9. Cosmetic
Figure 10. Industry
Figure 11. Other
Figure 12. Global Walnut Shells Revenue, (USD Million) & (Tons): 2017 & 2021 & 2028
Figure 13. Global Walnut Shells Revenue and Forecast (2017-2028) & (USD Million)
Figure 14. Global Walnut Shells Sales (2017-2028) & (Tons)
Figure 15. Global Walnut Shells Price (2017-2028) & (US$/Ton)
Figure 16. Global Walnut Shells Production Capacity (2017-2028) & (Tons)
Figure 17. Global Walnut Shells Production Capacity by Geographic Region: 2022 VS 2028
Figure 18. Walnut Shells Market Drivers
Figure 19. Walnut Shells Market Restraints
Figure 20. Walnut Shells Market Trends
Figure 21. Global Walnut Shells Sales Market Share by Manufacturer in 2021
Figure 22. Global Walnut Shells Revenue Market Share by Manufacturer in 2021
Figure 23. Walnut Shells Market Share by Company Type (Tier 1, Tier 2, and Tier 3) in 2021
Figure 24. Top 3 Walnut Shells Manufacturer (Revenue) Market Share in 2021
Figure 25. Top 6 Walnut Shells Manufacturer (Revenue) Market Share in 2021
Figure 26. Global Walnut Shells Sales Market Share by Region (2017-2028)
Figure 27. Global Walnut Shells Revenue Market Share by Region (2017-2028)
Figure 28. North America Walnut Shells Revenue (2017-2028) & (USD Million)
Figure 29. Europe Walnut Shells Revenue (2017-2028) & (USD Million)
Figure 30. Asia-Pacific Walnut Shells Revenue (2017-2028) & (USD Million)
Figure 31. South America Walnut Shells Revenue (2017-2028) & (USD Million)
Figure 32. Middle East & Africa Walnut Shells Revenue (2017-2028) & (USD Million)
Figure 33. Global Walnut Shells Sales Market Share by Type (2017-2028)
Figure 34. Global Walnut Shells Revenue Market Share by Type (2017-2028)
Figure 35. Global Walnut Shells Price by Type (2017-2028) & (US$/Ton)
Figure 36. Global Walnut Shells Sales Market Share by Application (2017-2028)
Figure 37. Global Walnut Shells Revenue Market Share by Application (2017-2028)
Figure 38. Global Walnut Shells Price by Application (2017-2028) & (US$/Ton)
Figure 39. North America Walnut Shells Sales Market Share by Type (2017-2028)
Figure 40. North America Walnut Shells Sales Market Share by Application (2017-2028)
Figure 41. North America Walnut Shells Sales Market Share by Country (2017-2028)
Figure 42. North America Walnut Shells Revenue Market Share by Country (2017-2028)
Figure 43. United States Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 44. Canada Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 45. Mexico Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 46. Europe Walnut Shells Sales Market Share by Type (2017-2028)
Figure 47. Europe Walnut Shells Sales Market Share by Application (2017-2028)
Figure 48. Europe Walnut Shells Sales Market Share by Country (2017-2028)
Figure 49. Europe Walnut Shells Revenue Market Share by Country (2017-2028)
Figure 50. Germany Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 51. France Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 52. United Kingdom Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 53. Russia Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 54. Italy Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 55. Asia-Pacific Walnut Shells Sales Market Share by Region (2017-2028)
Figure 56. Asia-Pacific Walnut Shells Sales Market Share by Application (2017-2028)
Figure 57. Asia-Pacific Walnut Shells Sales Market Share by Region (2017-2028)
Figure 58. Asia-Pacific Walnut Shells Revenue Market Share by Region (2017-2028)
Figure 59. China Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 60. Japan Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 61. Korea Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 62. India Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 63. Southeast Asia Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 64. Australia Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 65. South America Walnut Shells Sales Market Share by Type (2017-2028)
Figure 66. South America Walnut Shells Sales Market Share by Application (2017-2028)
Figure 67. South America Walnut Shells Sales Market Share by Country (2017-2028)
Figure 68. South America Walnut Shells Revenue Market Share by Country (2017-2028)
Figure 69. Brazil Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 70. Argentina Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 71. Middle East & Africa Walnut Shells Sales Market Share by Type (2017-2028)
Figure 72. Middle East & Africa Walnut Shells Sales Market Share by Application (2017-2028)
Figure 73. Middle East & Africa Walnut Shells Sales Market Share by Region (2017-2028)
Figure 74. Middle East & Africa Walnut Shells Revenue Market Share by Region (2017-2028)
Figure 75. Turkey Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 76. Egypt Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 77. Saudi Arabia Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 78. South Africa Walnut Shells Revenue and Growth Rate (2017-2028) & (USD Million)
Figure 79. Manufacturing Cost Structure Analysis of Walnut Shells in 2021
Figure 80. Manufacturing Process Analysis of Walnut Shells
Figure 81. Walnut Shells Industrial Chain
Figure 82. Sales Channel: Direct Channel vs Indirect Channel
Figure 83. Methodology
Figure 84. Research Process and Data Source
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