Oct 20, 2017   SOURCE: BusinessWire

Sustainable Packaging Market Procurement Research Report – Supply Market Analysis by SpendEdge

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Sustainable 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 sustainable packaging and acts as an all-inclusive guide for making smart purchasing decisions.

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

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

“Increasing levels of environmental consciousness have resulted in the relevance of sustainable packaging visibility and demand for bio-based materials for packaging,” says SpendEdge procurement research analyst Tridib Bora. “The majority of demand is for paper and paper-based materials, followed by biodegradable plastics, metal, and glass,” 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 increase in the emergence of regulations that require the adoption of environment-friendly manufacturing practices compels purchasing managers to choose eco-friendly packaging solutions over synthetic plastics.
  • Purchasing managers need to devise a complete objective list that addresses concerns about sustainability and helps in designing an effective RFP for the procurement of sustainable packaging materials.
  • Lack of suitable infrastructure that supports economically viable solutions for collection and recovery of useful content from waste materials is one of the major challenges. This makes it difficult for purchasing managers to procure innovative products due to limitations on material innovation as new, optimized materials may not possess the required infrastructure for collection and recovery.

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Sustainable Packaging Pricing Trends

The unit-based pricing and cost-plus pricing are the two extensively accepted pricing models in the global sustainable packaging market. Unit-based pricing can help increase the opportunity for procuring discounts. It offers a high level of transparency as the total cost is based on the price of each unit.

The cost-plus pricing allows downward revision of costs when the cost of production decreases. Also, transparency is relatively high, as prices vary according to manufacturing costs.

The competitive pricing had higher potential due to several reasons and expected to gain higher adoption level in the global sustainable packaging market. Competition among suppliers increases bargaining power for procurement managers. Furthermore, possibilities of suppliers offering value-added services such as assistance in package design at discounted prices to attract and retain clientele.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement 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.