Polypropylene Market Procurement Research Report – Trends, Drivers, and Analysis by SpendEdge

Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Polypropylene 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 chemicals industry. This report breaks down the data and analysis behind the procurement of polypropylene and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Polypropylene Procurement Market Intelligence Report (Graphic: Business Wire)

“The market is registering a growing shift in production units of polypropylene to regions such as North America and APAC,” says SpendEdge procurement research analyst Anil Seth. “Purchasing managers are also increasingly adopting bio-based polypropylene resins due to an increase in demand for green packaging, especially from the medical and food segments,” added Anil.

Key Report Features

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Report Insights

• The global polypropylene market is expected to be driven by the demand for polypropylene-based packaging solutions from the food and beverages and pharmaceuticals segments.
• Procurement managers need to engage with suppliers who can provide eco-friendly and sustainable solvent solutions (green solvents or bio solvents) due to the regulations pertaining to minimizing the use of VOCs.
• Procurement managers need to assess the ability of suppliers to provide eco-friendly and sustainable solutions due to the growing focus on and regulations pertaining to minimizing the use of VOCs. Furthermore, the procurement managers focusing on ecological sustainability need to engage with suppliers that can provide specialized polypropylene grades that can reduce VOCs.

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Polypropylene Pricing Trends

The fixed fee and spot pricing are the two most widely used pricing models in the global polypropylene market. The fixed-fee pricing helps in budget planning and forecasting as the prices of polypropylene are fixed for the contract period. Moreover, it reduces management effort as purchasing managers do not have to monitor market rates constantly. The spot pricing model helps purchasing managers to obtain higher cost savings by capitalizing on market fluctuations by optimizing the time of purchase and by using efficient price forecasting tools. Also, it enables better transparency in pricing as it is based on the variable cost of production.

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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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