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The pharmaceuticals packaging procurement category is projected to grow at a CAGR of 10.48% during 2023-2027. The prices are outlined to rise by 10%-13% during the forecast period and suppliers will have a oderate bargaining power in this market. Amcor Plc, Becton, Dickinson and Company, and AptarGroup, Inc. are a few of the key suppliers in pharmaceuticals packaging market.
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This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the pharmaceuticals packaging procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading pharmaceuticals packaging suppliers profiled extensively in this report include:
Furthermore, this pharmaceuticals packaging procurement market report provides detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for pharmaceuticals packaging 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.
The pharmaceuticals packaging 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 pharmaceuticals packaging requirements.
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The report provides a detailed insight of 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 pharmaceuticals packaging requirements.
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 pharmaceuticals packaging procurement market report now to get comprehensive details on pricing models
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To optimize the value of the purchase, it is crucial to keep a 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 80.92 billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through analysis of the below factors:
The pharmaceuticals packaging market will register an incremental spend of about USD 80.92 billion 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:
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A targeted strategic approach to pharmaceuticals packaging sourcing will provide several opportunities. However, in the absence of actionable intelligence on pharmaceuticals packaging, 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, scalability of inputs, and customer retention, 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 Pharmaceuticals Packaging |
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Report Specs |
Details |
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Page number |
143 |
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Base year |
2022 |
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Forecast period |
2023-2027 |
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Spend growth (CAGR) |
10.48% |
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Incremental spend |
USD 80.92 billion |
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Pricing growth outlook |
10%-13% |
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Pricing models |
Cost-plus pricing model, Volume-based pricing model, and Unit pricing model |
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Supplier selection scope |
Product portfolio, Timely delivery, Design and printing capabilities, and Client portfolio |
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Supplier opportunities |
Supply assurance, Scalability of inputs, Customer retention, Category innovations, Supply base rationalization, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Green initiatives, Reduction of TCO, and Top-line growth |
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Supplier selection criteria |
Business needs, Technical specifications, Operational requirements, Regulatory mandates, Legal requirements, Quality control, Change management procedures, Penalty clauses, SLA nuances, Acceptance criteria, Evaluation criteria, Security compliance, and Pricing models |
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Category management scope |
Supply assurance, Scalability of inputs, Customer retention, Category innovations, Supply base rationalization, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Green initiatives, Reduction of TCO, and Top-line growth |
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Top suppliers |
Amcor Plc, Becton, Dickinson and Company, AptarGroup, Inc., Drug Plastics Group, Gerresheimer AG, SGD Pharma, O-I Glass Inc., Berry Global Gr, Schott AG, and West RockPublic |
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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. |
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