Corrugated Packaging Market Procurement Research Report – Supply Market Analysis by SpendEdge

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Corrugated Packaging Procurement Research Report.’ 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 packaging and labeling industry. This report breaks down the data and analysis behind the procurement of promotional products and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Corrugated Packaging Procurement Market Intelligence Report (Graphic: Business Wire)

“The growth of the global corrugated packaging market is driven the increasing demand for corrugated packages from end-user industries such as manufacturing, automotive, processed food, and e-commerce,” says SpendEdge procurement research analyst Tridib Bora. “The rapidly flourishing e-commerce industry is driving the global corrugated packaging market due to the rise in the use of corrugated boxes by players such as eBay and Amazon for shipping products to end-users,” added Tridib.

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Key Report Features

Report Insights

• The global corrugated packaging market is projected to grow at a CAGR of 4.40% during the forecast period due to the increased demand for corrugated packages from end-user industries such as manufacturing, automotive, processed food, and e-commerce. Increasing economic activities in developing countries such as India and China has driven production in sectors such as manufacturing, mining, and utilities. This, in turn, has led to the growth of the global corrugated packaging market.
• One of the best practices that buyers can adopt is to effectively select suppliers that facilitate re-engineering of packages and provides quality packages. Also, buyers should opt to engage with vertically integrated suppliers to reduce costs associated with vendor and contract management.
• The major challenge faced by the buyers is the difficulty in the selecting the right weight for the package procured by them. Also, they find difficulty in comprehending the right printing techniques to be used during the printing and labeling process. Therefore to overcome these challenges the buyers should procure from suppliers that provide value-added services such as packaging optimization and printing consultation services.

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Corrugated Packaging Market: Pricing Trends

The cost-plus pricing model and unit pricing model are the two most-widely adopted pricing models in the global corrugated packaging market. The cost-plus pricing model offers better transparency as price depends on the cost of production and raw material. Whereas, buyers who adopt the unit pricing model find it easier to align their manufacturing cycles according to the demand and supply due to the pre-defined number of products procured.

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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.

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