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Rigid Packaging Market Procurement Research - Pricing and Forecast by SpendEdge
LONDON, Oct 18, 2017 (BUSINESS WIRE) -- Copyright Business Wire 2017

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

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"The global rigid packaging market is growing rapidly and is one of the major contributors to the global packaging industry," says SpendEdge procurement research analyst Tridib Bora. "Rigid plastic packaging is one of the fastest growing segments in the global rigid packaging market due to its lightweight, low production cost, and availability in different designs, shapes, and sizes," added Tridib.

Key Report Features

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Report Insights

-- Increasing demand for lightweight, stiff, and user-friendly packages drives the growth of the global rigid packaging market. The availability of rigid packaging made from a wide range of materials in different shapes and sizes is increasing the demand across product categories.

-- Procurement managers must identify suppliers that provide value-added solutions, either in the form of bundled services or individual solutions, based on buyer-specific requirements. Moreover, value-added services provided by suppliers in bundled packages do not have any additional fee, however, if they are provided individually, a minimal fee is charged.

-- Engaging with suppliers that can provide customized rigid packages in small quantities cost-effectively. This is important for procurement managers when they purchase packages for new products as trial packs and advertisement purposes.

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Rigid Packaging Pricing Trends

The unit-based pricing and cost-plus pricing methods are the two widely implemented pricing models in the global rigid packaging market. Unit-based pricing can help increase the opportunity for procuring discounts. It offers a high level of transparency as prices are dependent on the per-unit pricing of packages as well as the quantity procured. Furthermore, it makes easy for suppliers to align production cycles, as the packages are procured in defined units.

The cost-plus pricing allows procurement managers to procure packages at low prices when raw material prices are low. Also, there is a high level of transparency in pricing, as prices are based on total manufacturing cost.

The competitive pricing had higher potential due to several reasons and expected to gain higher adoption level in the global rigid packaging market. Competition among suppliers increases bargaining power for procurement managers. Furthermore, procurement managers can avail additional benefits such as value-added services.

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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.

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