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Plastic Packaging Procurement Research – Market Trends and Spend Analysis by SpendEdge

Plastic Packaging Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON--(BUSINESS WIRE)--Apr 27, 2018--Global procurement intelligence advisory firm, , has announced the release of their ‘ .’ 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 . This report breaks down the data and analysis behind the procurement of plastic packaging and acts as an all-inclusive guide for making smart purchasing decisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180427005305/en/

Plastic Packaging Procurement Report (Graphic: Business Wire)

“The increasing preference of end-user industries to attain cost-advantages and the growth in the consumption of packaging products are the factors influencing the growth of plastic packaging market,” says SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “APAC is considered as one of the key regions to achieve substantial growth, owing to the growing demand from cosmetics, food and beverage, and pharmaceutical industries,” added Bhuvaneshwari.

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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Plastic Packaging Market:

Increase in production of small SKU packages Growing focus on anti-counterfeit packaging solutions Rise in suppliers' focus on biodegradability of plastic packages

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Increase in production of small SKU packages

Due to the frequent lifestyle changes, there has been a considerable rise in the on-the-go consumers, who are preferring convenient and small-sized products. This rise in the demand for small SKUs of products will result in increased production.

Growing focus on anti-counterfeit packaging solutions

Over the last few years, the industry is experiencing a rise in the anti-counterfeiting packaging solutions. These solutions will further help the businesses mitigate counterfeiting and the duplication of products.

Rise in suppliers' focus on biodegradability of plastic packages

In the plastic packaging industry, there has been a growing focus on biodegradability in the packaging of the products. This rise in the biodegradability of packaging materials will lead to low landfill wastes and further helps the buyers comply with industry standards.

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180427005305/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Consultant

US: +1 630 984 7340

hello@spendedge.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING

SOURCE: SpendEdge

Copyright Business Wire 2018.

PUB: 04/27/2018 05:15 PM/DISC: 04/27/2018 05:15 PM

http://www.businesswire.com/news/home/20180427005305/en


Updated : 2021-05-13 15:29 GMT+08:00