Active and Intelligent Packaging - Procurement Market Intelligence Report

Active and Intelligent Packaging - Procurement Market Intelligence Report

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRCMSTR21489

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Procurement of active and intelligent packaging is an attractive category for procurement managers to realize cost saving and achieve strategic procurement objectives. Buyers can unlock multiple opportunities with the use of actionable category intelligence such as pricing outlook, cost saving and negotiation levers, supplier intelligence and overall category management strategy. 

This active and intelligent packaging Procurement Intelligence Report is a one-stop purchasing guide that places strategic sourcing inputs in the hands of active and intelligent packaging buyers. Read on if you would like to minimize your cost of active and intelligent packaging procurement and become a trusted advisor to your internal stakeholders on the category. 

Global Active And Intelligent Packaging Pricing Insights

Pricing insights presented in this report cover pricing benchmarks and the trends and strategies that can help optimize cost savings. Click here to access the definite purchasing guide on the active and intelligent packaging that answers all your key questions on price trends and analysis:

  • Am I paying/getting the right prices? Is my total cost of ownership favorable?
  • How is the price forecast expected to change? What is driving the current and future price changes?
  • Which pricing models offer the most rewarding opportunities?

Suppliers in the active and intelligent packaging market have Moderate bargaining power owing to Low pressure from substitutes and a High level of threat from new entrants. Therefore, it is extremely important to get the pricing and pricing model right to maximize the value from Learning and Development procurement. Buyers have the opportunity to benchmark their preferred pricing models for active and intelligent packaging with the wider industry and identify the cost saving potential. 

For example, Volume-based pricing, Unit pricing, and Index-based pricing are the most widely adopted pricing models in the active and intelligent packaging. Each pricing model offers optimum benefits and fitment in specific situations. Buyers are advised to identify the model that suits their operations in the best manner and link supplier performance to the pricing models.

Additionally, it is crucial to keep a track of current and future active and intelligent packaging price trends to completely optimize the value of the purchase, both from current cash outflow as well as overall cost and benefit perspective. The Learning and Development report expects a change of 2%-4% during the forecast period. Price forecasts are very helpful in purchase planning, especially when supplemented by constant monitoring of price influencing factors described in the report.

Global Active And Intelligent Packaging Supplier Landscape

This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their active and intelligent packaging requirements. Click here for a complete understanding of active and intelligent packaging supplier landscape:

  • Am I engaging with right suppliers?
  • Which KPIs should I use to evaluate my incumbent suppliers?
  • Which supplier selection criteria are relevant for active and intelligent packaging?
  • What are the active and intelligent packaging category essentials in terms of SLAs and RFx?

Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as Forward integration, Reducing total ownership cost, Manage ad hoc spend, Supplier synergies, Negotiate on pricing and contractual terms, Conference participation, Managing labor price volatility, Level of automation, and Total life cycle cost?. By collaborating with global suppliers, buyers can easily implement cost-saving and assure themselves of high-quality procurement of active and intelligent packaging during diverse situations.

Some of the leading Learning and Development suppliers profiled extensively in this report include:

  • Amcor Plc
  • Sonoco Products Co.
  • Sealed Air Corp.
  • Mitsubishi Chemical Holdings Corp.
  • Dow Inc.
  • Ball Corp.
  • 3M Co.
  • Winpak Ltd.
  • Mondi Group
  • Huhtamäki Oyj

VMI capabilities, Local distribution networks, Customization capability, and Ability to supply bulk packs as well as convenience packs are some of the most critical parameters that buyers use to shortlist the suppliers in active and intelligent packaging. All shortlisted suppliers must be carefully evaluated and scrutinized against the Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Legal requirements, Quality control, Change management procedures, Pricing models, Penalty clauses, SLA nuances, Acceptance criteria, and Evaluation criteria and several other selection criteria described in detail by this report.

Global Active And Intelligent Packaging Category Management Strategies

This report is your one-stop guide to streamline your active and intelligent packaging category management practices. Click here for detailed answers on:

  • What should be my strategic procurement objectives, activities and enablers for active and intelligent packaging category?
  • Which negotiation levers can I pull for cost saving?
  • What are active and intelligent packaging procurement best practices I should be promoting in my supply chain?

A targeted strategic approach to active and intelligent packaging procurement can unlock several opportunities for buyers. Category management strategy plans need to be holistic and aimed at maximizing the value obtained from their active and intelligent packaging procurement. The report explains key category management objectives that should form the base for procurement strategy, including:

  • Top-line growth
  • Scalability of inputs
  • Green initiatives
  • Category innovations
  • Supply base rationalization
  • Demand forecasting and governance
  • Minimalization of ad hoc purchases
  • Adherence to regulatory nuances
  • Cost savings
  • Customer retention
  • Reduction of TCO
  • Supply assurance

While it is important to identify the strategic goals and initiatives for the category management, they may provide only limited results when necessary support is not available. The report identifies multiple enablers that can help maximize the efficiency of active and intelligent packaging category management.

Global Active And Intelligent Packaging Spend Growth Analysis

The drivers and inhibiters that influence these global and regional outlooks are also elaborated in detail. Click here to access our in-depth growth decomposition analysis:

  • Is this growth cyclical?
  • When will the growth curve peak?
  • What is driving the growth (or lack of it) in individual geographies?
  • Which geographies hold the most rewarding opportunities for buyers and suppliers?

The report provides a complete drill-down on active and intelligent packaging spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC. 

The active and intelligent packaging will register an incremental spend of about 5 $ billion, growing at a CAGR of 5.29% during the five-year forecast period. Only a handful of regions will drive majority of this growth. On the supply side, North America, South America, and Europe will have the maximum influence owing to supplier base.

Read More Read Less

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary sources

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

Active and Intelligent Packaging - Procurement Market Intelligence Report
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The active and intelligent packaging procurement market will grow at a CAGR of about 5.29% during 2020-2024.
During 2020-2024, the active and intelligent packaging procurement market will register an incremental spend of about 5 $ billion.
Amcor Plc, Sonoco Products Co., Sealed Air Corp., Mitsubishi Chemical Holdings Corp., Dow Inc., Ball Corp., 3M Co., Winpak Ltd., Mondi Group, and Huhtamäki Oyj are some of the prominent suppliers in active and intelligent packaging market.
Volume-based pricing, unit pricing, and index-based pricing are the widely adopted pricing models in active and intelligent packaging procurement.
During the forecast period, the price for active and intelligent packaging procurement will increase by 2%-4%.