Pharmaceutical Packaging Equipment Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The pharmaceutical packaging equipment procurement category is projected to grow at a CAGR of 7.19% during 2023-2027. The prices are outlined to rise by 5%-8% during the forecast period and suppliers will have a moderate bargaining power in this market. American Health Packaging, Robert Bosch, and GEA Group AG are a few of the key suppliers in the pharmaceutical packaging equipment market.
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Who are the Top Suppliers in the Pharmaceutical Packaging Equipment Market?
This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the pharmaceutical packaging equipment procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading pharmaceutical packaging equipment suppliers profiled extensively in this report include:
Furthermore, this pharmaceutical packaging equipment procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for pharmaceutical packaging equipment requirements. In addition, most adopted and high-potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers to realize cost savings and identify business strategies to improve sales.
What are the Most Suitable Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA that Buyers Should Consider?
The pharmaceutical packaging equipment procurement market report provides a detailed analysis of various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline the procurement process, and reduce category TCO while sourcing for pharmaceutical packaging equipment requirements.
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What are the Most Adopted Procurement Strategies by Buyers Across Industries?
The report provides a detailed insight into the most adopted procurement strategies by buyers across industries and an analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings while sourcing for pharmaceutical packaging equipment requirements.
What are the Major Pricing Models Adopted by Buyers in Pharmaceutical Packaging Equipment Market?
The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full pharmaceutical packaging equipment procurement market report now to get comprehensive details on pricing models
Price Strategies and Benchmark
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To optimize the value of the purchase, it is crucial to keep track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects an incremental spend of USD 2488.71 million due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through analysis of the below factors:
- Identify favorable opportunities in pharmaceutical packaging equipment TCO (total cost of ownership)
- Expected changes in price forecast and factors driving the current and future price changes
- Identify pricing models that offer the most rewarding opportunities
What will the Spend Growth and Demand be by Region?
The pharmaceutical packaging equipment market will register an incremental spend of about USD 2488.71 million during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!
The drivers and inhibitors that influence these global and regional outlooks are elaborated in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:
- Factors driving the growth (or lack of it) in individual geographies
- Regions that hold the most rewarding opportunities for buyers and suppliers
- Spend growth and regional spend segmentation over the coming years
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What are the Major Category Management Objectives for Pharmaceutical Packaging Equipment Sourcing?
A targeted strategic approach to pharmaceutical packaging equipment sourcing will provide several opportunities. However, in the absence of actionable intelligence on pharmaceutical packaging equipment, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as supply assurance, top-line growth, and scalability of inputs, which will assist buyers to formulate a strategic procurement strategy
The report explains the following key category management objectives that should form the base for sourcing strategy.
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In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.
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Scope of Pharmaceutical Packaging Equipment |
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Report Specs |
Details |
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Page number |
164 |
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Base year |
2022 |
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Forecast period |
2023-2027 |
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Spend growth (CAGR) |
7.19% |
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Incremental spend |
USD 2488.71 million |
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Pricing growth outlook |
5%-8% |
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Pricing models |
Cost-plus pricing model, Reference pricing model, and Fixed-fee pricing model |
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Supplier selection scope |
Logistics capabilities, Unique product packaging for unique drug delivery technologies, Cost effective manufacturing facilities, and Modular equipment |
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Supplier opportunities |
Supply assurance, Top-line growth, Scalability of inputs, Green initiatives, Category innovations, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Customer retention, and Reduction of TCO |
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Supplier selection criteria |
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 |
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Category management scope |
Supply assurance, Top-line growth, Scalability of inputs, Green initiatives, Category innovations, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Customer retention, and Reduction of TCO |
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Top suppliers |
American Health Packaging, Robert Bosch, GEA Group AG, Körber AG, MULTIVAC Group, Gerresheimer, LMT, Uhlmann Pac-Systeme, OPTIMA packaging, and Marchesini |
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Market dynamics |
Regional category spend in terms of percentage with respect to North America, South America, Europe, Middle East and Africa and APAC and global category spend and CAGR in terms of percentage over a span of 5 years. |
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Customization scope |
We can create customized sourcing/procurement reports with specific requirements for your business. |
Request for a FREE sample now!
- Executive summary
- Market Insights
- Category Pricing Insights
- Cost-saving Opportunities
- Best Practices
- Suppliers Selection
- US Market Insights
- Appendix
- Global category spends
- Category spend growth
- Spend segmentation by region
- Regional spend dynamics
- Regional influence on global spend
- Regional spend opportunity for suppliers
- Pricing outlook
- Supplier cost structure
- Outlook for input costs
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
- Supply chain margins
- Cost drivers: Impact on pricing
- Volume drivers: Impact on pricing
- Supplier-side levers
- Buyer-side levers
- Quantifying cost-saving opportunities
- Quantifying cost savings by negotiation strategies
- Innovation and success stories
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
- Sustainability best practices
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Buyer power
- Supplier power
- Threat of new entrants
- Threat of substitutes
- Buyer ecosystem
- Supplier ecosystem
- Category management objectives
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
- Procurement organization
- Category enablers
- RFx essentials
- Supplier selection criteria
- Service level agreement
- Incumbent supplier evaluation metrics
- Overview
- Supplier positioning
- Profile: Pfizer Inc.
- Profile: Merck & Co. Inc.
- Profile: Sanofi
- Profile: Boehringer Ingelheim International GmbH
- Profile: Novartis AG
- Profile: Evonik Industries AG
- Category spend in the US
- Pricing outlook
- Supplier cost structure in the US
- Margins of suppliers in the US
- Category cost drivers
- Category volume drivers
- Overview of best practices in the US
- Procurement best practices in the US
- US supply market overview
- Regional category risks
- Category hierarchy
- Category scope
- Category map
- List of abbreviations
- Key notes
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
