Sodium Bicarbonate Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

Sodium Bicarbonate Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRCMSTR22453

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Sodium Bicarbonate Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The sodium bicarbonate procurement category is projected to grow at a CAGR of 4.53% during 2021-2025. The prices are outlined to rise by 4%-7% during the forecast period and suppliers will have a moderate bargaining power in this market. Solvay SA, Tata Chemicals Ltd., and Hawkins Inc. are a few of the key suppliers in sodium bicarbonate market.

Sodium Bicarbonate Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth AnalysisSodium Bicarbonate Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

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Who are the Top Suppliers in the Sodium Bicarbonate Market?

This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the sodium bicarbonate procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading sodium bicarbonate suppliers profiled extensively in this report include:

Top Suppliers in the Sodium Bicarbonate Market

Furthermore, this sodium bicarbonate procurement market report provides detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for sodium bicarbonate 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 sodium bicarbonate procurement market report provides detailed analysis into 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 procurement process, and reduce category TCO while sourcing for sodium bicarbonate requirements.

Sodium Bicarbonate Market Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA

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What are the Most Adopted Procurement Strategies by Buyers Across Industries?

The report provides a detailed insight of the most adopted procurement strategies by buyers across industries and 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 sodium bicarbonate requirements.

What are the Major Pricing Models Adopted by Buyers in Sodium Bicarbonate 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 sodium bicarbonate procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

Sodium Bicarbonate Procurement Pricing Model

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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 337.95 $ 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 sodium bicarbonate 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 sodium bicarbonate market will register an incremental spend of about 337.95 $ 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

Sodium Bicarbonate Procurement Spend Growth Analysis

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What are the Major Category Management Objectives for Sodium Bicarbonate Sourcing?

A targeted strategic approach to sodium bicarbonate sourcing will provide several opportunities. However, in the absence of actionable intelligence on sodium bicarbonate, 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, category innovations, and green initiatives, 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.

Category Management Objectives for Sodium Bicarbonate Sourcing

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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.

Scope of Sodium Bicarbonate

Report Specs

Details

Page number

120

Base year

2021

Forecast period

2021-2025

Spend growth (CAGR)

4.53%

Incremental spend

337.95 $ million

Pricing growth outlook

4%-7%

Pricing models

Volume-based pricing and Spot pricing

Supplier selection scope

Quality testing of product sample, Product portfolio and wide application-based offerings, Logistics and transport capabilities, and Pricing terms

Supplier opportunities

Vertical integration, Forward integration, Reducing total ownership cost, Manage ad hoc spend, Negotiate on pricing and contractual terms, Level of automation, Quality management, Managing inventory shrinkage, and Managing commodity price volatility

Supplier selection criteria

Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Quality control, Pricing models, Penalty clauses, SLA nuances, Acceptance criteria, Evaluation criteria, Working environment, and Change management procedures

Category management scope

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

Top suppliers

Solvay SA, Tata Chemicals Ltd., Hawkins Inc., GHCL Ltd., CIECH SA, Tosoh Corp., Crystal Mark Inc., DCW Ltd., Nirma Ltd., and Merck KGaA

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.

Customization scope

We can create customized sourcing/procurement reports with specific requirements for your business.

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Sodium Bicarbonate Procurement

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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

                            Sodium Bicarbonate Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025
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