Oct 3, 2017   SOURCE: BusinessWire

Pharmaceutical Packaging Procurement Research Report - Pricing and Forecast by SpendEdge

Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Pharmaceutical Packaging Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the packaging and labeling industry. This report breaks down the data and analysis behind the procurement of pharmaceutical packaging and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Pharmaceutical Packaging Procurement Market Intelligence Report (Graphic: Business Wire)

Global Pharmaceutical Packaging Procurement Market Intelligence Report (Graphic: Business Wire)

“The global pharmaceutical packaging market is driven by the demand for anti-counterfeit technologies,” says SpendEdge procurement research analyst Tridib Bora. “Pharma packaging is used to protect pharmaceutical products from duplication and prevents children from consuming pharmaceutical products,” added Tridib.

Key Report Features

Supply Market Insights     Negotiation Strategies
Procurement Best Practices     Category Risk Analysis
Cost Saving Opportunities     Key Supplier Analysis
Pricing Models     Supplier Capability Matrix

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Report Insights

  • The increased government spend in the healthcare industry is leading in the availability of medication to the mass population at a subsidized price which further drives the demand for pharmaceutical packaging across the globe.
  • Purchasing managers must engage with regional suppliers of pharma packaging as this will reduce the procurement lead time for delivery of pharmaceutical packages due to transportation from a regional manufacturing hub.
  • Pharmaceutical products have zero tolerance toward pathogens, contamination, and any pollutants and are highly sensitive in nature. Thus, it is difficult for purchasing managers to understand the compatibility between the primary packaging component and the product that can lead to damage of the pharmaceutical product.

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Pharmaceutical Packaging Pricing Trends

Cost-plus pricing is the most widely adopted pricing model in the global pharmaceutical packaging market. It is highly transparent in pricing structure as the prices depend on the cost of production and raw materials. Furthermore, it helps to reduce the management efforts for purchasing managers due to transparency in cost structure. However, procurement research analysts at SpendEdge observed that unit pricing model has a higher potential and will gain adoption level during the forecast period. It is transparent in pricing structure as the prices are dependent on the quantity. Furthermore, this pricing model enables purchasing managers to align their manufacturing cycles accordingly due to the defined units of products procured.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.